This article first appeared in The Edge Financial Daily, on October 21, 2016. Bina Puri Holdings Bhd (+ve)SHARES in Bina Puri Holdings Bhd (fundamental: 0.15/3; valuation: 1.1/3) triggered our momentum algorithm yesterday for the third consecutive day. However, it was highlighted as a “red flag” stock by our proprietary algorithm, suggesting that investors should exercise extra caution while trading in its shares. The counter closed 0.5 sen or 1% higher at 49.5 sen yesterday, with 7.73 million shares traded. The stock currently trades at a trailing 12-month price-earnings ratio of 48.12 times and at 0.53 times its book value.

Source: The Edge Markets October 21, 2016 02:57 UTC