<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily,</em> on October 27, 2015.</p></div>

<div class=newsTextDataWrapInner><p><strong>Kobay Technology Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>Kobay (Fundamental: 2.5/3, Valuation: 1.4/3) was picked by our momentum algorithm for the second consecutive trading day. Despite an unusual market activity (UMA) query by Bursa Malaysia last Friday — after a 29.9% jump in its share price — the thinly traded stock added another 2.0% to close at RM1.55 yesterday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In reply to Bursa’s query, Kobay disclosed that it received a Letter of Intent, in mid-October, from a prospective buyer to acquire a 1.54-acre vacant land in Penang. However, the terms and conditions have not been finalized at this juncture.</p></div>

<div class=newsTextDataWrapInner><p>Kobay is mainly involved in the manufacturing of precision metal components, precision tooling and equipment, and metal fabrication. Export, mainly to Singapore and the US, accounted for 41.8% of its revenue in FYJune2015.</p></div>

<div class=newsTextDataWrapInner><p>The company has entered into several joint ventures for property development projects in Penang, Perak and Kuala Lumpur. It expects to launch at least one project by 2QFY2016.</p></div>

<div class=newsTextDataWrapInner><p><img alt="Kobay-Tech_SWM_FD_27Oct15_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/Kobay-Tech_SWM_FD_27Oct15_theedgemarkets.png" /></p></div>


This article first appeared in The Edge Financial Daily, on October 27, 2015.

Kobay Technology Bhd (-ve)

Kobay (Fundamental: 2.5/3, Valuation: 1.4/3) was picked by our momentum algorithm for the second consecutive trading day. Despite an unusual marke...

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Kim said a seri...

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Sapura Energy not out of the woods yet as large debts still in its way

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<p>Construction and engineering contractor Crest Builder Holdings Bhd said it had secured a condominium project valued at RM486 million in Mont Kiara. &nbsp;</p>

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


KomarkCorp, Topmix, PavREIT, Axis REIT, KIP REIT, Cypark, Crest Builders, Capital A, Gadang, Haily, DXN, Inta Bina, Comfort Gloves, AHB

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<p>Comfort Gloves Bhd said there was a fire at the glove maker’s newly-built three storey warehouse and packing department in Taiping, Perak on Tuesday morning.</p>

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<p>KUALA LUMPUR (April 23): DXN Holdings Bhd posted a 43.23% rise in net profit to RM79.02 million for its fourth quarter ended Feb 29, 2024 (4QFY2024), from RM55.17 million a year ago, on the back of higher revenue.</p>

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<p>Matrix Concepts Holdings Bhd unveiled the second phase of Resort Villa in Bandar Sri Sendayan, Seremban last Friday (April 19).</p>


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<p>Petronas Gas Bhd (PetGas) is committed to creating sustainable value from its core businesses while pursuing growth.</p>

<p>This commitment involves securing high-impact projects by leveraging PetGas’&nbsp;core competencies and exploring industry-adjacent opportunities, the group stated in a release on Tuesday, in conjunction with its 41st annual general meeting (AGM).</p>


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<p>Axis Real Estate Investment Trust (Axis REIT) reported a 39.5% surge in its net trust income for the first quarter ended March 31, 2024 (1QFY2024), attributable to post-development contributions from its Bukit Raja Distribution Centre 2, and new tenancies in its Shah Alam Distribution Centre 3.</p>
