<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on February 26, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>Pacific &amp; Orient Bhd (P&amp;O) (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Pacific &amp; Orient Bhd (P&amp;O) (fundamental: 0.45/3, valuation: 2.1/3) triggered our stocks with momentum algorithm last Friday for the first time this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The stock closed down 1.54% or two sen to RM1.28, with 111,700 shares done versus the counter’s 200-day average of 39,793 shares.</p></div>

<div class=newsTextDataWrapInner><p>On Jan 4, the group proposed to undertake a bonus issue on the basis of one bonus share for every six existing shares held, on an entitlement date to be fixed.</p></div>

<div class=newsTextDataWrapInner><p>The proposal, intended to reward shareholders for their continuous support of the company, will involve 40.99 million new P&amp;O shares.</p></div>

<div class=newsTextDataWrapInner><p>The bonus shares will be capitalised at 50 sen each from the company’s share premium account as at Jan 30, 2017, which stood at RM24.3 million.</p></div>

<div class=newsTextDataWrapInner><p>The proposed bonus issue is expected to be completed in the first quarter of this year.</p></div>

<div class=newsTextDataWrapInner><p>P&amp;O is currently trading at 0.88 times its net book value.</p></div>


Pacific & Orient Bhd (P&O) (-ve)

SHARES in Pacific & Orient Bhd (P&O) (fundamental: 0.45/3, valuation: 2.1/3) triggered our stocks with momentum algorithm last Friday for the first time this year.

The stock closed down 1.54% or two sen to RM1.2...

Stock With Momentum: Pacific & Orient

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A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

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<p>Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).</p>
