<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on October 8, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>Ajiya Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>TRADING of shares in Ajiya Bhd (fundamental: 2.35/3; valuation: 1.4/3) triggered our stocks with momentum algorithm last Friday for the second time this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The stock closed up 3.5 sen or 5.93% to 62.5 sen, with 2.45 million shares done, higher than the counter’s 200-day average of 249,885 shares.</p></div>

<div class=newsTextDataWrapInner><p>For the second financial quarter ended May 31, 2018, Ajiya’s net profit surged 201.9% to RM4.86 million from RM1.62 million a year earlier, on improved revenue and margin of certain products.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue rose 14.64% to RM103.74 million from RM90.48 million.</p></div>

<div class=newsTextDataWrapInner><p>For the cumulative six months, net profit fell 43.94% to RM5.97 million from RM10.66 million a year ago, while revenue was up 5.5% to RM194.47 million from RM184.32 million.</p></div>

<div class=newsTextDataWrapInner><p>Ajiya is currently trading at 0.56 times its net book value.</p></div>


Ajiya Bhd (+ve)

TRADING of shares in Ajiya Bhd (fundamental: 2.35/3; valuation: 1.4/3) triggered our stocks with momentum algorithm last Friday for the second time this year.

The stock closed up 3.5 sen or 5.93% to 62.5 sen, with 2.45 million shares done, high...

Stock With Momentum: Ajiya

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<p>Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.</p>


<p>The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.</p>


<p>US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.</p>
