<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on April 16, 2020</span></p></div><div class=newsTextDataWrapInner><p><strong>Solid Automotive Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>TRADING of shares in Solid Automotive Bhd (fundamental: 0.75/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the seventh time this year. The last time the counter triggered our momentum algorithm was last Friday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Solid Automotive shares closed 6.56% or two sen lower at 28.5 sen. Some 6.06 million shares were traded, more than four times the counter’s 200-day average trading volume of 1.36 million shares.</p></div>

<div class=newsTextDataWrapInner><p>Solid Automotive’s net profit for the second quarter ended Oct 31, 2019 fell to RM112,000 from RM715,000 a year earlier, due to higher operating expenses, though revenue doubled to RM72.03 million from RM35.86 million.</p></div>

<div class=newsTextDataWrapInner><p>For the cumulative six months ended Oct 31, 2019, the group’s net profit rose 28% to RM1.09 million from RM851,000, while revenue more than doubled to RM137.08 million from RM65.36 million.</p></div>

<div class=newsTextDataWrapInner><p>Solid Automotive is involved in the trading of automotive electrical parts and components.</p></div>


Solid Automotive Bhd (-ve)

TRADING of shares in Solid Automotive Bhd (fundamental: 0.75/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the seventh time this year. The last time the counter triggered our momentum algorithm was last Friday.

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Stock With Momentum: Solid Automotive

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