<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on December 12, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>Green Packet Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Green Packet Bhd (fundamental: 1.05/3, valuation: 0/3) triggered our momentum algorithm yesterday for the second time this month.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The counter leapt 5.5 sen or 12.22% to a one-year high of 50.5 sen, after some 52.18 million shares were traded, compared to a 200-day average trading volume of 8.87 million shares. Green Packet was one of the most actively traded counters.</p></div>

<div class=newsTextDataWrapInner><p>The 4G network operator and services provider reported its third consecutive quarterly net loss of RM7.46 million for the three months ended Sept 31, 2017, compared to a net profit of RM84.52 million a year ago on higher initial business development and finance costs.</p></div>

<div class=newsTextDataWrapInner><p>Despite this, quarterly revenue rose 6% to RM97.16 million from RM91.45 million in the previous corresponding quarter a year ago, on the back of higher sales in its communications services business.</p></div>

<div class=newsTextDataWrapInner><p>The stock is currently trading at 2.61 times its net book value.</p></div>


Green Packet Bhd (-ve)

SHARES in Green Packet Bhd (fundamental: 1.05/3, valuation: 0/3) triggered our momentum algorithm yesterday for the second time this month.

The counter leapt 5.5 sen or 12.22% to a one-year high of 50.5 sen, after some 52.18 million shar...

Stock With Momentum: Green Packet

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STOCKHOLM (April 24): Swedish automaker Volvo Cars reported a rise in first-quarter adjusted operating earnings on Wednesday, helped by lower material costs and higher volumes.

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<p>Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.</p>

<p>The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.</p>


Farm Price starts taking orders for ACE Market IPO to raise up to RM24.48 mil

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MyEG inks partnership to launch Hong Kong virtual assets

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M'sian automakers expected to feel pinch from lower sales, higher costs, rise of Chinese OEMs

<p>Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.</p>


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Fernandes to be CEO of Capital A for another five years

<p>Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;</p>


Telco shares lift Bursa higher at midday

<p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.</p>


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<p>Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is the entity that is bidding to acquire SriLankan Airlines, and if it materialises, will raise its own capital for the acquisition, according to chief executive officer Tan Sri Tony Fernandes.</p>


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<p>Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the US megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.</p>


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<p>Tesla Inc is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.</p>


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<p>Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.</p>


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<p>Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.</p>


Bursa opens higher, tracking overnight Wall Street

<p>US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.</p>


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<p>Meta Bright Group Bhd said its wholly owned subsidiary FBO Land (Serendah) Sdn Bhd and Doople Tech Sdn Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd, following its recent collaboration with Doople to form a joint venture (JV) company to bid for renewable energy (RE) projects with a Bumiputera equity requirement.</p>


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<p>RHB Retail Research said Censof Holdings Bhd is observing a technical breakout after climbing above the 26.5 sen immediate resistance on surging trading volume.</p>


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<p>The ringgit rebounded in early trade on Wednesday as the US dollar retreated after S&amp;P Purchasing Managers' Index (PMI) data disappoint.</p>
