<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on March 1, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>Perisai Petroleum Teknologi Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Perisai Petroleum Teknologi Bhd (fundamental: -/3, valuation: 0.9/3), which closed one sen or 20% higher yesterday, triggered our momentum algorithm for the second time this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The counter settled at six sen after a total of 88.14 million shares exchanged hands — versus its 200-day average trading volume of 11.33 million.</p></div>

<div class=newsTextDataWrapInner><p>On Tuesday, Perisai Petroleum said its net profit quadrupled to RM40.78 million in its second quarter ended Dec 31, 2017 from RM10.25 million a year ago. But revenue fell 28% to RM27.70 million from RM38.27 million due to expiry of the charter contract for eight offshore support vessels.</p></div>

<div class=newsTextDataWrapInner><p>The Practice Note 17 company said the increased profit was mainly due to the deconsolidation of its subsidiary Perisai Pacific 102 (L) Inc, absence of impairment and prepayment ahead of the contract’s&nbsp; expiry.</p></div>


Perisai Petroleum Teknologi Bhd (+ve)

SHARES in Perisai Petroleum Teknologi Bhd (fundamental: -/3, valuation: 0.9/3), which closed one sen or 20% higher yesterday, triggered our momentum algorithm for the second time this year.

The counter settled at six sen a...

Stock With Momentum: Perisai Petroleum Teknologi

Building on its near 20-year partnership with Lancaster University and in support of its esteemed collaborations with Harvard, Oxford, Cambridge and MIT, Sunway University is now proud to announce its newest partnership with Arizona State University (ASU). This illustrious portfolio of partnerships continues to highlight Sunway’s ongoing commitment to providing students with exceptional educational opportunities.

Sunway’s breakthrough partnership brings the US’ most innovative education to Malaysia

Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar and Raja Permaisuri Agong Raja Zarith Sofiah will undertake a state visit to Singapore on May 6 and 7, 2024 at the invitation of the republic's President Tharman Shanmugaratnam.

King, Queen to make first overseas state visit to Singapore 

Prime Minister Benjamin Netanyahu's cabinet decided on Sunday to shut down Al Jazeera's operations in Israel for as long as the war in Gaza continues, on the grounds the Qatari television network threatens national security.

Israeli cabinet votes to shut down Al Jazeera's local operations

Sarawak will consult with Attorney General Datuk Ahmad Terrirudin Mohd Salleh to determine the most appropriate term to replace the word "state" in Sarawak State Legislative Assembly, based on the Federal Constitution.

Abang Johari: Sarawak to consult AG on appropriate term to replace ‘state’

Datuk Seri Anwar Ibrahim has urged all implementing agencies, particularly ministries, to prioritise the training of young people on artificial intelligence (AI) so that the country does not fall behind in this field.

PM wants AI, TVET-related training ramped up for country’s youth

The Ministry of Home Affairs (KDN) is currently formulating a strategy to enhance use of technology, particularly artificial intelligence (AI), for stricter border control measures.

Home Ministry looking to employ AI tech to tighten border control, says Saifuddin

The Perak government has agreed to supply water to Penang through the Kerian Integrated Green Industrial Park to Seberang Perai.

Perak has agreed to supply water to Penang, says Anwar

Prime Minister Datuk Seri Anwar Ibrahim described foreign media reports regarding fuel subsidy cuts as unethical, and said that no final decision had been made at the Cabinet level regarding the issue.

Anwar lambasts foreign media over reports on fuel subsidy cut

The UK’s Labour Party is set to impose value-added tax (VAT) on boarding fees as well as private education in the country if it wins the next election, Financial Times (FT) reported, citing party insiders.

UK’s Labour to impose VAT on boarding fees, private education — FT

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’

<p>Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar and Raja Permaisuri Agong Raja Zarith Sofiah will undertake a state visit to Singapore on May 6 and 7, 2024 at the invitation of the republic's President Tharman Shanmugaratnam.</p>


<p>Prime Minister Benjamin Netanyahu's cabinet decided on Sunday to shut down <i>Al Jazeera</i>'s operations in Israel for as long as the war in Gaza continues, on the grounds the Qatari television network threatens national security.</p>


<p>Building on its near 20-year partnership with Lancaster University and in support of its esteemed collaborations with Harvard, Oxford, Cambridge and MIT, Sunway University is now proud to announce its newest partnership with Arizona State University (ASU). This illustrious portfolio of partnerships continues to highlight Sunway’s ongoing commitment to providing students with exceptional educational opportunities.</p>
