<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on May 18, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>Ecofirst Consolidated Bhd (+ve)</strong><br />
SHARES in Ecofirst Consolidated Bhd (fundamental: 1.3/3, valuation: 2.1/3) triggered our proprietary momentum algorithm yesterday for the first time this year.</p></div>

<div class=newsTextDataWrapInner><p>The stock closed unchanged at 31 sen, with a market capitalisation of RM244.9 million. A total of 1.7 million shares changed hands, more than doubled its 200-day average volume of 565,933 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>EcoFirst saw its net profit surge 3.47 times to RM4.48 million in the third financial quarter ended Feb 28, 2018 (3QFY18) from RM1.29 million a year ago, on contribution from its two development projects namely Phase 1 of Ampang Ukay known as Liberty@Ampang Ukay here and Upper East@Tiger Lane in Ipoh, Perak.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue also grew 10.1% to RM35.3 million from RM32.05 million a year ago.</p></div>

<div class=newsTextDataWrapInner><p>At the current share price, EcoFirst is trading at 0.86 times its book value.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


Ecofirst Consolidated Bhd (+ve)
SHARES in Ecofirst Consolidated Bhd (fundamental: 1.3/3, valuation: 2.1/3) triggered our proprietary momentum algorithm yesterday for the first time this year.

The stock closed unchanged at 31 sen, with a market capitalisation of R...

Stock With Momentum: Ecofirst Consolidated

Spotify on Tuesday reported quarterly monthly active users (MAU) below its own estimates, as the Swedish music streaming company chose to boost profit instead of spending more on marketing activities to draw in more listeners.

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Halal Development Corp (HDC) wants to focus on collaborations to produce more halal-certified ingredients for the food and beverages sector, pharmaceuticals and cosmetics.

HDC wants more collaborations to produce halal-certified ingredients

SINGAPORE (April 23): The Bank of Singapore (BOS) has appointed Rickie Chan as chief executive of its Hong Kong branch. The appointment was effective April 17. Chan will still remain as head of private banking, Greater China, of BOS’ Hong Kong branch.

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KUALA LUMPUR (April 23): Gadang Holdings Bhd said it will appeal to the Economic Planning Unit (EPU) for a waiver of the Bumiputera equity requirement to facilitate its acquisition of a 21.08-acre land in Kwasa Damansara.

In a bourse filing on Tuesday, the builder-cum-property developer...

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When Republican presidential candidate Donald Trump's hush money trial began in a Manhattan courthouse on Monday, cable TV news coverage of the case was as divided as America itself.

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PepsiCo beat Wall Street expectations for first-quarter revenue on Tuesday as demand held steady for the soda and snacks giant's Tropicana juices and Cheetos in its international markets.

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<p>The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.</p>




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<p>Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.</p>


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<p>Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.</p>


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<p>Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.</p>


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<p>Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.</p>


Malaysia’s construction tender prices to grow by 3% in 2024, says Turner & Townsend

<p>Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.</p>


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<p>Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.</p>


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<p>Swatch Group (M) Sdn Bhd&nbsp;said the seizure of its 172 rainbow-themed watches had caused much grief to its international reputation, as the renowned Swiss watch maker had always been dutiful citizens of any state where the watches were sold.</p>


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<p>ATX Semiconductor Group, a globally renowned semiconductor provider from China, intends to ramp up investment to US$200 million (RM952 million) for its new manufacturing plant in Melaka over the next five years for its second-phase business expansion.</p>


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<p>Moomoo Malaysia, an online trading platform, garnered 100,000 clients within six weeks of its launch, making it one of the most downloaded financial mobile applications in Malaysia.&nbsp;</p>


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<p>Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.</p>


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<p>Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines.&nbsp;</p>

<p>However, AirAsia Consulting has yet to submit any price bid since due diligence has not been carried out, its chief executive officer Subashini Silvadas told <em>The Edge</em> on Tuesday.</p>


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<p>CONSTRUCTION firm GDB Holdings Bhd — which has been embroiled in disputes with KSK Group in the last two years over the development of the 8 Conlay project in Kuala Lumpur — appears to be back on investors’ radar, judging by the recent upward trend in its share price.</p>

<p>According to marke...

GDB Holdings a front runner for several jobs

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<p>The two helicopters which collided and crashed at the Royal Malaysian Navy (RMN) Base were undergoing a rehearsal for the third time in conjunction with RMN Fleet Open Day celebration scheduled on Saturday (April 27).</p>


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<p>PETALING JAYA (April 23): Tropicana Corp Bhd is partnering with Maybank Islamic Bhd to provide a home financing solution called Maybank Islamic’s HouzKEY.&nbsp;</p>


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<p>High crude oil prices&nbsp;caused by&nbsp;tension in the Middle East&nbsp;will help to boost Malaysia's oil and gas exports. However, escalated fuel&nbsp;prices will dampen the country’s economic growth, according to the Socio-Economic Research Centre (SERC).</p>
