This article first appeared in The Edge Financial Daily, on September 21, 2016. Magni-Tech Industries Bhd (-ve)SHARES in Magni-Tech Industries Bhd (fundamental: 2.8/3, valuation: 2.1/3) triggered our momentum algorithm yesterday for the first time this year. It also declared a single-tier interim dividend of five sen amounting to RM8.13 million for FY17, which represents a 34.6% payout ratio. The entitlement date is Oct 13, 2016, and payment will be made on Oct 28, 2016. At the current share price, Magni-Tech is trading at 2.2 times its book value.

Source: The Edge Markets September 21, 2016 02:37 UTC