<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on September 18, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>Cheetah Holdings Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>APPAREL designer and retailer Cheetah Holdings Bhd (valuation: 1.4/3, fundamental: 1.8/3) last closed 0.94% or half a sen lower at 52.5 sen, with a market capitalisation of RM62.17 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In just over a month leading to last Friday, the counter had gained as much as 14 sen from its one-year low of 39 sen last Thursday, triggering our momentum algorithm for the first time this year.</p></div>

<div class=newsTextDataWrapInner><p>Cheetah Holdings closed its financial year ended June 30, 2017 (FY17) with a net profit of RM1.78 million, down 21.53% from RM2.27 million last year, due to lower contribution of its income from other investments and operations. Revenue was rather flat at RM125.7 million, from RM126.7 million in FY16.</p></div>

<div class=newsTextDataWrapInner><p>Due to rising costs and slowdown in consumer spending, the apparel maker’s annual net profit has been on a decline for seven consecutive years from a high of RM14.17 million in FY10, when it recorded RM127.44 million in revenue.</p></div>


Cheetah Holdings Bhd (-ve)

APPAREL designer and retailer Cheetah Holdings Bhd (valuation: 1.4/3, fundamental: 1.8/3) last closed 0.94% or half a sen lower at 52.5 sen, with a market capitalisation of RM62.17 million.

In just over a month leading to last Friday...

Stock With Momentum: Cheetah Holdings

LONDON (May 6): High Chinese tariffs on EU brandy would leave French companies with vast amounts of cognac that could be hard to sell elsewhere, according to Reuters' calculations, analysts, and investors who fear firms could be forced to discount.

China opened an anti-dumping investiga...

Chinese tariffs could leave cognac makers with too much brandy

Asian stocks rose to their highest in over a year on Monday on renewed bets that the Federal Reserve (Fed) would most likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.

Asia shares rally on China's gains, Fed cut bets; yen weakens

BENGALURU (May 6): Gold prices ticked higher on Monday, as expectations that the Federal Reserve will start cutting interest rates later in the year and tensions in the Middle East lifted bullion's appeal.

Gold rises on Fed rate cut hopes, Middle East tensions

Ulrich Korner, the final CEO of Credit Suisse, is set to leave UBS in the coming weeks, the Financial Times reported on Monday.

Final Credit Suisse CEO, Ulrich Korner, to leave UBS — FT

Billionaire investor Warren Buffett said there are “load of opportunities” in India, but he’s leaving them to future management.

Buffett says India holds ‘unexplored’ opportunities for future Berkshire leaders

SYDNEY (May 6): Australian Treasurer Jim Chalmers said on Monday that the government would chart a responsible middle path in the budget that will be handed down next week, putting a second surplus within reach despite more spending measures.

Australia's treasurer aims to chart 'responsible' middle path with second surplus in reach

Indonesia’s economy expanded faster than expected in the last quarter, as stronger domestic consumption likely helped offset a decline in exports.

Indonesia’s GDP growth accelerates to 5.11%, beating expectations

HONG KONG (May 6): Hong Kong's Exchange Fund, used to back the Hong Kong dollar, posted an investment income of HK$54.3 billion (US$6.95 billion) in the first quarter of 2024 for a second consecutive quarter of gains, the Hong Kong Monetary Authority (HKMA) said on Monday.

Hong Kong Exchange Fund posts 2nd quarter of investment income gains in 1Q

HANOI (May 6): Shanghai copper prices fell on Monday, tracking losses in London amid a firmer dollar and a lack of clear demand improvement from the troubled Chinese property market.

Shanghai copper falls on first trading session after holiday

Analysts have raised their earnings forecasts and target prices (TPs) for plastic packaging maker SLP Resources Bhd, after the group's latest financial results beat their expectations due to improved product mix and higher output.

Analysts raise SLP Resources earnings forecasts, TPs after strong 1Q performance

<p>BMI, a Fitch Solutions company, said Malaysia's deepwater explorations are expected to accelerate as more investments are directed towards under-explored areas.</p>


BMI: Deepwater exploration in Malaysia gathers momentum

<p>The FBM KLCI’s uptrend has been relentless since mid-April as accumulation on blue chips&nbsp;by both local institutions and foreign funds continues, according to Rakuten Trade.</p>


Banks, construction to be in focus as FBM KLCI could test 1,600 soon, says Rakuten Trade 

<p>Fraser &amp; Neave Holdings Bhd (F&amp;N) shares surged to their highest in five years on Monday, as better-than-expected results buoyed investors' optimism, while analysts maintained their calls following a briefing.</p>


F&N surges to five-year high on better earnings, outlook

<p>Foreign buying of Malaysian equities surged 3.6 times to RM1.06 billion last week from RM292.2 million the prior week, as they net bought every day of the week.</p>


Foreign buying of local equities surged to RM1.06b last week, says MIDF

<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>

<p>In an alert last Thursday, the commission said the following persons/entities were added to the list:</p>


SC adds six entities to Investor Alert List, four being potential clones

<p>Maybank Investment Bank (Maybank IB) on Monday began coverage of SAM Engineering &amp; Equipment (M) Bhd with a counter-consensus ‘buy’ call, betting on the cyclical recovery of aerospace and semiconductor sectors.</p>


Maybank IB joins coverage of SAM Engineering with counter-consensus ‘buy’ call

<p>Phillip Capital has initiated coverage on T7 Global Bhd with a “buy” rating at 53 sen and a target price of 68 sen.</p>


Phillip Capital starts coverage on T7 Global, target price 68 sen 

<p>Prime Minister Datuk Seri Anwar Ibrahim will be having an online meeting with tech giant Google on Monday.</p>

<p>Without disclosing more details on the issues to be discussed, he said Malaysia has continued to receive interests from foreign investors.</p>


Anwar scheduled to have online meeting with Google on Monday

<p>Across much of the developed world, one of the most dependable drivers of economic growth is faltering.</p>

<p>For decades, the rapid inflow of migrants helped countries including Canada, Australia and the UK stave off the demographic drag from aging populations and falling birth rates.</p>


Global housing shortages are crushing immigration-fuelled growth

<p>President Xi Jinping has arrived in France to begin talks aimed at stabilising China’s relationship with Europe, as he tries to perform damage limitation on trade ties with the key bloc.</p>


Xi begins Europe tour in Paris as Macron seeks to reset ties

<p>EQT AB agreed to buy technology consultant Perficient Inc in a deal valued at about US$3 billion (RM14.22 billion) including debt.</p>


EQT to buy tech consultant Perficient in US$3b deal

<p>Analysts have raised their earnings forecasts and target prices (TPs) for plastic packaging maker SLP Resources Bhd, after the group's latest financial results beat their expectations due to improved product mix and higher output.</p>


<p>Asian stocks rose to their highest in over a year on Monday on renewed bets that the Federal Reserve (Fed) would most likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.</p>


<p>Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar and Raja Permaisuri Agong Raja Zarith Sofiah arrived in Singapore on Monday for a two-day state visit to the republic.</p>


King, Queen arrive in Singapore for maiden state visit

<p>NCT Group of Companies has signed memorandums of understanding (MOUs) with SMARTSEL Sdn Bhd and Mikro Sdn Bhd to scale up the capabilities of the NCT Smart Industrial Park (NSIP), while introducing advanced sustainability practices geared to positively impact its carbon footprint.</p>


NCT inks deal to integrate 4G and 5G networks at NCT Smart Industrial Park

<p>Robusta coffee prices have climbed to the highest in 45 years, according to the International Coffee Organisation (ICO), as a supply crunch intensifies for the variety used in espresso blends and instant drinks.</p>


Coffee variety priciest in 45 years in blow to instant brews

<p>Proton Holdings Bhd reported on Monday its car sales rose by 17.1% to 11,025 vehicles in April (including domestic and exports) compared to the 9,415 units sold last year.&nbsp;</p>


Proton records sales of 11,025 units in April, higher by 17.1% y-o-y

<p>The new chief executive of Brooks Running said the running shoe maker owned by Warren Buffett's Berkshire Hathaway&nbsp;views China and Europe as growth areas for a business that generates most revenue in the US.</p>


Berkshire's Brooks Running CEO sees China, Europe as growth areas

<p>Australia’s housing rental value hit a fresh record in April with some cities seeing renewed growth momentum, a troubling sign for the Reserve Bank that’s likely to leave borrowing costs at a 12-year high this week to stave off price pressures.</p>


Australia’s housing rent hits record high in headache for central bank

<p>The Attorney General's Chambers (AGC) will be objecting to Muar Member of Parliament Syed Saddiq's leave application to take legal action against Prime Minister Datuk Seri Anwar Ibrahim and the government over RM730,300 in allocations meant for his constituency.</p>
