<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on April 20, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>Supermax Corp Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Supermax Corp Bhd (fundamental: 1/3, valuation: 2/3) triggered our proprietary momentum algorithm yesterday for the third time this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The stock closed 12 sen or 4.24% higher at RM2.95 with 11.41 million shares done, exceeding its 200-day average volume of 3.04 million shares. Its market capitalisation stood at RM1.93 billion.</p></div>

<div class=newsTextDataWrapInner><p>On Monday, Supermax announced that its chairman Tan Sri Rafidah Aziz resigned on April 14 and has given assurance that the rubber glove manufacturer’s day-to-day business operations or the performance of the group will not be affected by her resignation.</p></div>

<div class=newsTextDataWrapInner><p>The group said it will identify a suitable candidate for appointment as the new chairman of the company.</p></div>

<div class=newsTextDataWrapInner><p>At the current share price, Supermax is trading at 1.86 times its book value.</p></div>


Supermax Corp Bhd (+ve)

SHARES in Supermax Corp Bhd (fundamental: 1/3, valuation: 2/3) triggered our proprietary momentum algorithm yesterday for the third time this year.

The stock closed 12 sen or 4.24% higher at RM2.95 with 11.41 million shares done, exceed...

Stock With Momentum: Supermax Corp

They are home to a quarter of humanity — 1.9 billion people. They possess prized natural resources, including one-fifth of the world’s copper and gold reserves, as well as many of the rare metals essential for the transition to clean energy. Their working-age populations are set to expand for the...

The New Global Economy: The world cannot afford to ignore the poorest countries

KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.

Agricore CS Holdings gets Bursa Malaysia nod to list on ACE Market

Investors are looking for the next policy domino to fall in Asia amid an escalating campaign against a resurgent dollar, after Indonesia used a surprise interest rate hike to defend the rupiah.

Asia’s hawks get put on alert after Indonesia’s shock rate hike

Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.

Axiata, Sinar Mas move closer to US$3.5b telco merger, Bloomberg reports

(April 24): Some of the world's largest solar equipment makers asked President Joe Biden's administration on Wednesday to impose tariffs on panels and cells from four Asian countries, to protect billions of dollars in investments in US manufacturing.

US solar panel makers seek import tariffs to protect new domestic factories

Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.

Stocks hit by tech slump; yen flails at intervention zone

KUALA LUMPUR (April 25): YTL Corp Bhd, whose share price has surged over 42% year to date, “remains undervalued”, though there is a strong potential upside for the utilities-to-resorts conglomerate, said Hong Leong Investment Bank Bhd (HLIB).

YTL Corp remains undervalued with solid earnings, upside potential — HLIB

Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.

Digital Nasional names senior telco and tech leaders as new directors

LUMUT (April 24): The Ministry of Higher Education (Mohe), via the National Higher Education Fund Corporation (PTPTN), will provide RM1,000 to each of the 21 children affected by the two-helicopter crash that tragically claimed the lives of ten Royal Malaysian Navy (RMN) personnel at the Lumut Base, here in Perak.

Helicopter tragedy: Higher Education Ministry to provide assistance, fees exemption — Zambry

KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.

Maybank IB is the first from a total of fi...

Mega First shares likely peaked; Maybank IB the first to downgrade stock

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.</p>


KLCCP, Suria Capital, Capital A, Calsberg, Hibiscus Petroleum, Chin Hin, OCR, Fajarbaru, I-Bhd, Farm Price, United Plantations, AME REIT, Axis REIT, MyEG

<p>Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity.</p>


Eden's major shareholder proposes land transfer to settle RM45.65m debt owed to company

<p>A disappointing earnings report from Meta Platforms Inc has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.</p>


Meta’s miss sparks fear in tech world with big earnings looming

<p>A made-in-China electric vehicle (EV) will hit US dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 (RM38,228) less.</p>


How Volvo landed a cheap Chinese EV on US shores in a trade war

<p>Binance co-founder Changpeng Zhao is facing up to three years in prison, if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.</p>


Friends, family, royalty seek mercy for crypto’s richest man

<p>TikTok's chief executive said on Wednesday that the company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said would ban the popular short video app used by 170 million Americans.</p>


TikTok CEO expects to defeat US restrictions: 'We aren't going anywhere'

<p>Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.</p>


<p>Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.</p>


Nga's press secretary Pang picked as unity govt's candidate for Kuala Kubu Baharu by-election

<p>Benchmark S&amp;P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.</p>


S&P 500 ends higher as markets weigh rising yields, upbeat corporate results

<p>CapitaLand Malaysia Trust (CLMT) reported a 63% in its first quarter net property income to RM63.98 million from RM39.24 million a year ago, driven by full quarter revenue contribution from Queensbay Mall, higher occupancies and positive rental reversions.</p>


CLMT’s 1Q net property income jumps 63% to RM64m, DPU up 37%

<p>Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.</p>


Singapore's Keppel profit rises on strong infra, connectivity performance

<p>RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.</p>


Naim Holdings likely to resume its uptrend, says RHB Retail Research 

<p>KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.</p>

<p>Maybank IB is the first from a total of fi...

<p>RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.</p>


NationGate is observing technical breakout, says RHB Retail Research 

<p>KUALA LUMPUR (April 25): YTL Corp Bhd, whose share price has surged over 42% year to date, “remains undervalued”, though there is a strong potential upside for the utilities-to-resorts conglomerate, said Hong Leong Investment Bank Bhd (HLIB).</p>


<p>Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.</p>


<p>Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.</p>


Synergy House may trend higher, says Rakuten Trade

<p>Visa Inc recently reported impressive fiscal second quarter 2024 results, with net revenue increasing by 10% and payments volume growing by 8%.</p>


Visa's strong earnings may be a troubling sign for US economy — report

<p>VENICE (April 25): Venice becomes the first city in the world on Thursday to introduce a payment system for tourists in an effort to thin the crowds that throng the canals during the peak holiday season.</p>

<p>Any visitor who is not staying the night must pay a 5 euro ($5.35) entry fee online...

Overcrowded Venice introduces first payment charge for tourists

<p>Mark Zuckerberg is asking for investors to stay patient. Again.</p>

<p>After Meta Platforms Inc revealed that it will spend billions of dollars more than expected this year — fueled by investments in artificial intelligence — the company’s chief executive officer did his best to soothe Wall Street.</p>
