LB Aluminium Bhd (-ve)

SHARES in LB Aluminium Bhd (fundamental: 1/3, valuation: 2.6/3) triggered our stocks with momentum algorithm yesterday for the first time this year.

The stock closed 1.55% or one sen higher at 65.5 sen, with 4.83 million shares done, versus its 200-day average of 1.45 million shares.

LB Aluminium makes a wide range of aluminium extrusions widely used for finished products like windows and door frames for housing, curtain wall cladding for buildings and high rises, grilles, ceilings and curtain railings or renovation works.

In its second quarter ended Oct 31, 2016, LB Aluminium net profit doubled year-on-year to RM5.77 million, from RM2.84 million, due mainly to higher business volume and improved margins. Revenue also increased to RM118.27 million from RM113.86 million.

LB Aluminium is currently trading at 0.57 times its net book value.