<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on October 31, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>Muar Ban Lee Group Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Muar Ban Lee Group Bhd (fundamental: 2.4/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the fourth time since September this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The stock closed three sen or 2.22% higher at RM1.38, with two million shares done compared with its 200-day average trading volume of 237,605 shares.</p></div>

<div class=newsTextDataWrapInner><p>Earlier this month, the palm oil machine manufacturer proposed to place up to 10% of its issued shares to independent third-party investor(s), to raise some RM10 million to repay its bank borrowings.</p></div>

<div class=newsTextDataWrapInner><p>The expected debt pare down would result in estimated interest savings of approximately RM272,000 per annum, and reduce its gearing ratio to 0.09 times from 0.2 times.</p></div>

<div class=newsTextDataWrapInner><p>Muar Ban Lee’s net profit in the six months ended June 30, 2017 (6MFY17) slid 2.49% year-on-year to RM5.33 million, dragged by lower crude palm kernel oil (CPKO) average selling prices despite higher production, coupled with higher operating costs.</p></div>

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Muar Ban Lee Group Bhd (+ve)

SHARES in Muar Ban Lee Group Bhd (fundamental: 2.4/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the fourth time since September this year.

The stock closed three sen or 2.22% higher at RM1.38, with two millio...

Stock With Momentum: Muar Ban Lee Group

Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor apologised to Prime Minister Datuk Seri Anwar Ibrahim and Cabinet ministers who attended the state-level Madani Aidilfitri celebration on Saturday night.

Kedah MB apologises to Anwar, Cabinet over ‘inappropriate remarks’

The federal government has agreed in principle to proposals to convert agricultural land within the Muda Agricultural Development Authority (Mada) area for industrial and commercial development.

Anwar says nod given to conversion of Mada land for industrial, commercial development 

US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.

Yellen counsels caution on currency intervention after yen surge

Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.

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Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.

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Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.

Warren Buffett says taxes may rise to offset widening US deficits

Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker.

Buffett says Berkshire in good hands, lauds Apple despite lowering stake

China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move.

Ping An votes against reappointment of HSBC CEO as director — Reuters

Mathew Ngau Jau is not a fan of hectic city life, though there is certainly something to smile about as he visits Kuala Lumpur this week for a very special recognition at the 19th Boh Cameronian Arts Awards (BCAA).

Treasure of Borneo

In the May 6 issues of City & Country, the cover story features Eastern & Oriental Bhd’s (E&O) Andaman Island in Penang. The reclaimed island project is taking shape and will come in two phases. Phase one covers 253 acres, while phase two will cover 507 acres. Reclamation work for phase one started in 2015 and was completed in December 2019. Work on phase two is ongoing, with the entire reclamation exercise set to be completed by December 2028.

Developing community living sustainably

<p>China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told <i>Reuters</i> on Saturday, as the investor voted against such a move.</p>


<p>Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor apologised to Prime Minister Datuk Seri Anwar Ibrahim and Cabinet ministers who attended the state-level Madani Aidilfitri celebration on Saturday night.</p>


<p>Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.</p>


<p>In the May 6 issues of <i>City &amp; Country</i>, the cover story features Eastern &amp; Oriental Bhd’s (E&amp;O) Andaman Island in Penang. The reclaimed island project is taking shape and will come in two phases. Phase one covers 253 acres, while phase two will cover 507 acres. Reclamation work for phase one started in 2015 and was completed in December 2019. Work on phase two is ongoing, with the entire reclamation exercise set to be completed by December 2028.</p>


<p>Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.</p>


<p>Mathew Ngau Jau is not a fan of hectic city life, though there is certainly something to smile about as he visits Kuala Lumpur this week for a very special recognition at the 19th Boh Cameronian Arts Awards (BCAA).</p>


<p>The federal government has agreed in principle to proposals to convert agricultural land within the Muda Agricultural Development Authority (Mada) area for industrial and commercial development.</p>


<p>US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.</p>


<p>Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.</p>
