<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on January 24, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>Sumatec Resources Bhd (-ve)</strong><br />
SHARES in Sumatec Resources Bhd (fundamental: 1.05/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the sixth time this month.</p></div>

<div class=newsTextDataWrapInner><p>The stock closed down one sen or 8.70% at 10.5 sen, after 390.59 million shares were traded, making it the most active stock in Bursa Malaysia, versus the counter’s 200-day average volume of 41.09 million shares. Its market capitalisation stood at RM446.54 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Sumatec is principally involved in developing onshore oil and gas assets. It operates the Rakuschechnoye Field in Western Kazakhstan.</p></div>

<div class=newsTextDataWrapInner><p>On Monday, Sumatec’s business partner CaspiOilGas LLP signed a presale gas agreement with Kazakhstan-based NIPIneftegas Consortium (NIPI). The deal includes the sale of 6.2 billion cubic metres of gas to NIPI over 15 years at market price.</p></div>

<div class=newsTextDataWrapInner><p>As of market close yesterday, Sumatec’s shares were trading at 0.64 times its net book value.<br />
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Sumatec Resources Bhd (-ve)
SHARES in Sumatec Resources Bhd (fundamental: 1.05/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the sixth time this month.

The stock closed down one sen or 8.70% at 10.5 sen, after 390.59 million shares were trad...

Stock With Momentum: Sumatec Resources Bhd

RIYADH (April 29): US Secretary of State Antony Blinken arrived in Saudi Arabia on Monday, the first stop in a broader trip to the Middle East to discuss issues including the governance of Gaza once the war with Israel ends.

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General insurer LPI Capital Bhd said on Monday its net profit surged 37% year-on-year in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.

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BEIJING (April 29): Copper prices moved higher on Monday, driven by dwindling raw material supply and investors' focus on a potential BHP Group-Anglo American deal that would make the world's largest copper miner.

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