TRADING of shares in Jadi Imaging Holdings Bhd (fundamental: 1.2/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the second time this year.
The counter closed up 0.5 sen or 8.33% at 6.5 sen yesterday with 16.16 million shares traded, higher than its 200-day average volume of 1.08 million shares.
The company is principally involved in the development, formulation, and manufacturing of toners for laser printers, photocopiers, facsimile machines and multifunctional office equipment.
For the fourth quarter ended March 31, 2019, the toner manufacturer narrowed its net loss to RM2.92 million from RM11.11 million in the previous year as sales picked up in certain segments, but were offset by higher production costs. Revenue dropped 4% year-on-year to RM11.78 million from RM12.24 million.
For the full year, it posted a net profit of RM459,000 against a net loss of RM10.65 million previously, despite revenue falling 14% to RM47.79 millionfrom RM55.75 million.