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8 STOCKS WITH MOMENTUM THURSDAY JULY 26, 2018 • THEEDGE FINANCIAL DAILY
Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and first appeared at www.theedgemarkets.com.
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EFFICIENT E-SOLUTIONS BHD (-ve)
HOME BUSINESS
TRADING of shares in Effi cient E-Solutions Efficient’s net loss widened to RM1.67 million,
Bhd (fundamental: 1.05/3, valuation: 2.1/3) from RM499,000 a year ago, on higher mar-
triggered our momentum algorithm yesterday keting and promotional expenses, as well as
for the second time this year. The company saw set-up cost related to cybersecurity services. MonSpace in trouble
3.13 million shares traded, exceeding the coun- Quarterly revenue dropped 5.84% to
ter’s 200-day average of 1.71 million shares. RM839,000, from RM891,000, which was
The stock gained 1.5 sen, or 6%, to close primarily due to a information technology again after raids on 16
at 26.5 sen, valuing the business process services contract that has recently ended.
outsourcing firm at RM187.92 million. On prospects, Efficient said it is building
Efficient currently trades at 1.23 times up its distribution channel for managed se- premises, accounts frozen
its book value. curity services, which has received positive
For the first quarter ended March 31, 2018, response and interest from the market.
EFFICIENT E-SOLUTIONS BHD Valuation score* 0.30 BY ADAM AZIZ fined a minimum of RM5 million or no
Fundamental score** 0.60 less than five times the amount acquired
TTM P/E (x) - PUTRAJAYA: MonSpace (M) Sdn Bhd, from the illegal activities, whichever is
a multinational corporation that uses higher.
TTM PEG (x) -
a direct-selling model led by Datuk “Other agencies may also take further
P/NAV (x) 1.23
Seri Jessy Lai Chai Suang, has landed action using laws under their purview,”
TTM Dividend yield (%) -
itself in hot water yet again after 16 of said Mohd Roslan.
Market capitalisation (mil) 177.28 its premises across Ipoh and the Klang He noted that the joint operation was
Shares outstanding (ex-treasury) mil 709.13 Valley were raided on Tuesday during conducted following a decision in the
Beta 1.37 a joint enforcement operation. Th is meeting of the Sub-Committee on Off enc-
12-month price range 0.19-0.49 follows a month-long investigation by es related to Financial Fraud and Scams
the authorities. (SCOFFS) and probes done by SCOFFS
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength Dubbed “Ops Coin”, the joint op- together with the police for a month.
& profitability eration involved 130 officers of the Mohd Roslan said since last year, his
Note: A score of 3.0 is the best to have and 0.0 is the worst to have domestic trade and consumer aff airs ministry has received six complaints
ministry, the Attorney-General Cham- in relation to MonSpace, fi ve of which
bers’ National Revenue Recovery En- claimed that the company had failed
PARKSON HOLDINGS BHD (-ve) forcement Team, Bank Negara Malaysia to generate returns as promised, while
(BNM), CyberSecurity Malaysia, the another complaint was about the use of
TRADING of shares in Parkson Holdings Myanmar, is currently trading at 0.26 times Companies Commission of Malaysia BNM’s logo by the company.
Bhd (fundamental: 1.35/3, valuation: 0.9/3) its book value. (SSM) and the Royal Malaysia Police. A domestic trade and consumer af-
triggered our momentum algorithm yester- Parkson returned to the black in the third The raids were conducted simulta- fairs ministry officer explained that the
day for the fourth time this year. financial quarter ended March 31, 2018, neously across one business premise alleged pyramid scheme operated by
The company saw 6.75 million shares posting a net profit of RM25.3 million com- in Ipoh, and 15 premises in the Klang MonSpace involves an investment of
traded, exceeding the counter’s 200-day pared to a net loss of RM33.24 million a year Valley comprising four business prem- between RM500 and RM5,000 per mem-
average of 822,053 shares. ago, while revenue remained flat at RM1.06 ises, eight residential units and three ber, with each member required to rope
The stock gained 4.5 sen, or 7.56%, to billion. MonSpace Group server centres. in two downlines — each providing a
close at 64 sen yesterday, bringing it a market On its outlook, Parkson said it sees am- Domestic Trade and Consumer Af- similar amount of investment value as
capitalisation of RM700.1 million. ple opportunities and positive signs in line fairs Ministry enforcement director Da- the upline — in order for a member to
Parkson, which operates 66 department with the emergence of the “new retail” con- tuk Mohd Roslan Mahayudin said the obtain returns.
stores in Malaysia, Vietnam, Indonesia and cept in China. raids also resulted in the freezing of 25
of MonSpace’s bank accounts and 47 The number of victims who
PARKSON HOLDINGS BHD Valuation score* 0.90 individual accounts across nine banks
Fundamental score** 1.35 totalling RM5.87 million. are affected and the value of
TTM P/E (x) - Also seized were computers and assets seized in the raids will
TTM PEG (x) - company products worth RM980,352 be revealed later, pending
and cash in four currency denomina-
P/NAV (x) 0.27 further investigation into
tions amounting to RM93,879. Th e au-
TTM Dividend yield (%) -
thorities have also frozen the rights to the seized documents and
Market capitalisation (mil) 634.97
transfer ownership of 26 vehicles worth data servers.
Shares outstanding (ex-treasury) mil 1,067.18 RM6.24 million in relation to the raids.
Beta 0.58 “No arrest was made during the
12-month price range 0.39-0.67 raids. The founder (Lai) has been very
cooperative,” Mohd Roslan told a press Victims reportedly include as many
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength conference yesterday. as 60 investors from China, who lodged
& profitability “We feel there is no need for the police reports against the group and Lai
Note: A score of 3.0 is the best to have and 0.0 is the worst to have founder to be arrested as we were prom- in June last year to demand refunds for
ised cooperation, including coming to their investments.
the ministry’s office as and when we MonSpace and Lai attracted headlines
PRIVASIA TECHNOLOGY BHD (+ve) require more information,” he added. in 2016, when MonSpace Sky Airlines was
However, MonSpace’s personnel found operating a commercial fl ight from
TRADING of shares in Privasia Technology last traded at 1.1 times its book value. are prohibited from travelling abroad Kuala Lumpur to Langkawi on July 22
Bhd (fundamental: 0.75/3, valuation: 0.3/3) For the first quarter ended March 31, 2018, until further notice. without a valid air service permit (ASP),
triggered our momentum algorithm yester- Privasia’s net loss was reduced to RM1.64 Mohd Roslan said the number of which is required to perform a commer-
day for the third time this year. million, from RM2.14 million a year ago, on victims who are affected and the val- cial air service operation. The airline was
The technology solution and business improving cost control. ue of assets seized in the raids will be said to be owned by MonSpace Group
process outsourcing fi rm saw 9.9 million Quarterly revenue, however, fell 23.6% revealed later, pending further investi- under Lai, and is reportedly operated
shares traded, equivalent to 1.77% of its to RM11.78 million, from RM15.42 million gation into the seized documents and by Suasa Airlines Sdn Bhd.
share capital, exceeding the counter’s 200- a year ago, no thanks to lower income from data servers. Following the incident, the Malaysian
day average of 1.47 million shares. its two business divisions — satellite-based He added that the investigation is Aviation Commission lodged a police re-
The stock closed unchanged at 14 sen, network services, as well as information and being conducted under Section 27B port against MonSpace Sky Airlines for
valuing it at RM78.15 million. Privasia was communications technology. of the Direct Sales and Anti-Pyramid misleading the public. On Jan 9, 2017,
Scheme Act 1993 and the Anti-Money Suasa Airlines pleaded guilty to oper-
PRIVASIA TECHNOLOGY BHD Valuation score* 0.30 Laundering, Anti-Terrorism Financing ating without a valid ASP and was fi ned
Fundamental score** 0.75 and Proceeds of Unlawful Activities Act RM380,000.
2001 (AMLA). It was reported that MonSpace Group
TTM P/E (x) -
If found guilty under Section 27B owns five companies, namely MonSpace
TTM PEG (x) -
of the Direct Sales and Anti-Pyramid (M) Sdn Bhd, Mon Space City Sdn Bhd,
P/NAV (x) 1.10
Scheme Act 1993, an organisation can Mon Space Media Entertainment Sdn
TTM Dividend yield (%) - be fined between RM1 million and Bhd, Mon Space F&B Sdn Bhd and Mon
Market capitalisation (mil) 78.15 RM10 million for the fi rst off ence. In- Space Synergy Power Sdn Bhd.
Shares outstanding (ex-treasury) mil 558.20 dividuals, meanwhile, can be fined Meanwhile, Mohd Roslan reminded
Beta 2.01 RM500,000 to RM5 million or sentenced the public to avoid falling prey to get-rich-
to a maximum of five years’ prison or quick schemes, and to cross-check with
12-month price range 0.09-0.19
both for the fi rst off ence. the domestic trade and consumer aff airs
*Valuation score - Composite measure of historical return & valuation
**Fundamental score - Composite measure of balance sheet strength Offenders under AMLA can be pris- ministry, BNM, SSM and other authori-
& profitability oned for a maximum of 15 years, and ties before investing in any such schemes.
Note: A score of 3.0 is the best to have and 0.0 is the worst to have
