<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on July 2, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>GHL Systems Bhd (-ve)</strong><br />
Shares in payment service provider GHL Systems Bhd (fundamental: 2.2/3, valuation: 0.2/3), which triggered our momentum algorithm last Friday for the first time this year, closed five sen or 3.15% higher at RM1.64.</p></div>

<div class=newsTextDataWrapInner><p>It saw 1.55 million shares traded, more than twice the counter’s 200-day average volume of 681,457 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>On June 20, GHL, via its wholly-owned unit GHL (Thailand) Co Ltd, announced it had secured a contract to supply Krung Thai Bank pcl (KTB) with up to 38,000 electronic data capture (EDC) terminals.</p></div>

<div class=newsTextDataWrapInner><p>While the value of the contract was not disclosed, GHL said the EDC terminals are expected to be deployed throughout KTB’s vast network of merchants to enable the acceptance of electronic payments in the form of credit and debit cards — including Thai QR payment — as well as government-related payment services.</p></div>

<div class=newsTextDataWrapInner><p>Recently, the company appointed Datuk Chan Choy Lin as an independent non-executive director. Chan has over 30 years’ experience with public listed companies.</p></div>

<div class=newsTextDataWrapInner><p>The stock is currently trading at 3.9 times its book value and has a market capitalisation of RM1.2 billion, based on its latest traded price.</p></div>


GHL Systems Bhd (-ve)
Shares in payment service provider GHL Systems Bhd (fundamental: 2.2/3, valuation: 0.2/3), which triggered our momentum algorithm last Friday for the first time this year, closed five sen or 3.15% higher at RM1.64.

It saw 1.55 million shares...

Stock With Momentum: GHL Systems

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The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

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<p>Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.</p>


<p>The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.</p>


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<p>All travellers entering or leaving Singapore carrying Physical Currency and Bearer Negotiable Instruments (CBNI) that are valued more than S$20,000 or its equivalent in a foreign currency, must submit the necessary declarations electronically with effect from May 13.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim arrived in Kota Kinabalu on Friday night for a one-day working visit to the state.</p>

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<p>The Nasdaq and the S&amp;P 500 ended lower on Friday as Netflix shares weighed, but American Express (AmEx) kept the Dow afloat after quarterly earnings from both companies, while growing pessimism that the Federal Reserve (Fed) would cut interest rates soon also dented sentiment.</p>


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<p>Israel's apparent strike on Iran after days of vacillation was small and appeared calibrated to dial back risks of a major war, even if the sheer fact it happened at all shattered a taboo of direct attacks that Tehran broke days earlier.</p>

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<p>Attention this week will be on the March inflation rate, with the <strong>Department of Statistics Malaysia</strong> (DOSM) slated to put out <strong>Consumer Price Index</strong> (CPI) — the key gauge for inflation — data on Thursday.</p>

<p>Inflation edged up by a higher-than-expected 1.8% i...

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<p>The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International Monetary Fund's Japan mission chief Nada Choueiri said on Friday.</p>


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<p>A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.</p>


<p>(April 19):&nbsp;Oyo Hotels is in talks to raise up to US$450 million via dollar bonds, a person familiar with the matter said, as the once-high-flying Indian startup seeks to replace an existing high-cost loan amid delays in its stock-market debut.</p>


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<p>The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.</p>


<p>Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".</p>


<p>A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.</p>


<p>Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.</p>
