With several companies experiencing Limit Down within the week, this had triggered severe sell down on a broad market basis.

However, there are unfortunate value stocks that also experienced a sell down in such time.

One prime example of such panic selling is PT Resources Holdings Berhad (KLSE: PTRB).

For the past week, there have been some panic selling indeed for PTRB, where we had seen a selling pressure from the height of RM0.575 to the current RM0.510.

But, is this something reflective of their fundamentals?

Looking at PTRB’s latest financial performance, the company recorded a revenue of RM111.7 million, with a PAT of RM18.7 million, which in terms of PAT, this is the highest reported quarter since their IPO.

So, it is pretty fair to say that PTRB is a fundamentally strong company.

Most importantly, the major shareholder of the company who owns over 70% shares of the company, Mr. Heng Chang Hooi, had acquired 6.8 million shares in the open market today, which had represented 47.95% of the total traded volume for today.

Why would the major shareholder act at this juncture?

I think the answer is pretty clear, PTRB is not just another company that has seen an increase in share price, but is acting without fundamentals, a.k.a. real profit. This would create a significant divergence between PTRB, and the other companies.

As an investor, seeing such strong signs from the management had prompted me to acquire shares of PTRB at this juncture, as the trailing PE of the company is a mere 6.20 times, which is cheap in whatever sense of valuation.

In conclusion, PTRB is certainly a value play amongst such uncertainty in the Bursa. According to Securities Commission and Bursa Malaysia, the fundamentals of Malaysia market remain intact, and I’m pretty such PTRB is one of them.