This article first appeared in The Edge Financial Daily, on October 10, 2016. Heveaboard Bhd (-ve)Shares in Heveaboard Bhd (fundamental: 3/3, valuation: 1.8/3) triggered our momentum algorithm last Friday for the first time this year. The counter closed 7.87% or 10 sen higher at RM1.37 after 165.79 million shares were traded, compared with its 200-day average volume of 2.39 million shares. The company announced an additional listing of 908,800 shares last Friday at 25 sen per share, bringing its latest issued and paid-up share capital to RM123.4 million. However, revenue rose 9.3% to RM121.76 million, due to contributions from both the particle board and ready-to-assemble sectors.

Source: The Edge Markets October 10, 2016 02:37 UTC