<div>This article first appeared in <em>The Edge Financial Daily</em>, on February 7, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Evergreen Fibreboard Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Evergreen Fibreboard Bhd (fundamental: 1.8/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the first time since June 2015.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The counter closed down half a sen or 0.51% at 98.5 sen, with 4.52 million shares traded, compared with its 200-day average volume of 3.36 million shares.</p></div>

<div class=newsTextDataWrapInner><p>The particle board manufacturer’s net profit tumbled 38.8% to RM16.88 million in the third quarter ended Sept 30, 2016 from RM27.59 million a year ago, on lower average selling price of the group’s products.</p></div>

<div class=newsTextDataWrapInner><p>The group said its quarterly profit was also affected by higher operating expenses, which mainly consisted of lower foreign exchange gain and impairment of goodwill.</p></div>

<div class=newsTextDataWrapInner><p>Evergreen Fibreboard is currently trading at 0.77 times its book value, and has a market capitalisation of RM837.54 million.</p></div>

<div class=newsTextDataWrapInner><p>The stock currently has a 12-months price-earnings ratio of 11.17 times.</p></div>


This article first appeared in The Edge Financial Daily, on February 7, 2017.

 

Evergreen Fibreboard Bhd (-ve)

SHARES in Evergreen Fibreboard Bhd (fundamental: 1.8/3, valuation: 1.4/3) triggered our momentum algorithm yesterday...

Stock With Momentum: Evergreen Fibreboard

The suspect killed in the attack at the Ulu Tiram police station, here on Friday, was believed to have acted alone, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Suspect in Ulu Tiram police station attack acted alone, says Saifuddin Nasution

Crypto lender Genesis Global received court approval on Friday to return about US$3 billion (RM14.06 billion) in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery from the bankruptcy.

Crypto lender Genesis to return US$3b to customers in bankruptcy wind-down

Seven individuals, including a Singaporean, were remanded for seven days from Saturday until May 24, to assist in the investigation into the attack on the Ulu Tiram police station, early on Friday morning.

Ulu Tiram police station attack: Singaporean among seven remanded

If an exciting race, a packed crowd with A-list bristle, and a surprise winner was the happening event Formula One needed in America, then the Miami Grand Prix delivered in spades. But that’s not all a scorching afternoon in the Florida sunshine achieved; it also added fuel to the “end of empire” feeling about Red Bull’s domination of the sport.

Business of Sports: Bull market correction is a gain for F1

Home Minister Datuk Seri Saifuddin Nasution Ismail has given his assurance that the Jemaah Islamiyah (JI) movement in the country is still under control.

Saifuddin Nasution: Jemaah Islamiyah movement in Malaysia still under control

Genting Singapore has confirmed its interest in developing an integrated resort (IR) development in the United Arab Emirates (UAE), as per its executive chairman Tan Sri Lim Kok Thay’s comments to shareholder queries at the gaming group’s annual general meeting (AGM) last Friday.

Genting Singapore keen on UAE casino resort development

Spot silver surpassed US$30 an ounce to hit the highest level in more than a decade.

The precious metal closed 6.5% higher at US$31.49 an ounce Friday, the highest since February 2013. It has soared 32% this year, outpacing gold and making it one of the year’s best-performing major commodities.

Spot silver tops US$30 an ounce to hit highest since 2013

The seven individuals who were arrested on Friday over an attack at the Ulu Tiram police station here will be brought to the Magistrate's Court here on Saturday to obtain a remand order.

Ulu Tiram police station attack: Seven individuals to be taken to court for remand

As the local stock market edged higher, investors will be closely monitoring the financial performance of listed firms to justify the ongoing rally with the FBM KLCI reaching a multi-year high of 1,619.45 points last Friday in intra-day trade. The better-than-expected Malaysian economic growth of 4.2% in 1Q2024, which was released last Friday, is expected to help sustain the positive market sentiment.

The Week Ahead: Corporate earnings, trade data and US Fed minutes in focus

A rebound that has taken the US stock market to record highs this week may have further to run, if history is any guide.

Stock market's record-setting rebound may have further to go

<p>The slide in Kuala Lumpur International Airport (KLIA)’s position on the list of the World's Top 100 Airports over the last decade is just a symptom of bigger problems in the management and structure of the airport industry in Malaysia.</p>


A deal to bring the experts in

<p>A US company has become the world’s most valuable solar manufacturer for the first time since 2018, as Chinese rivals suffer from a profit-slashing price war and an onslaught of trade barriers erected by Washington.</p>


US company becomes world’s most valuable solar firm after Chinese rivals slip

<p>A rebound that has taken the US stock market to record highs this week may have further to run, if history is any guide.</p>


<p>World stock indexes were nearly flat while US Treasury yields rose on Friday as investors tried to assess the timing of potential interest rate cuts by the Federal Reserve (Fed) this year.</p>


Stocks near flat as timing of US rate cuts weighed; copper jumps

<p>Genting Singapore has confirmed its interest in developing an integrated resort (IR) development in the United Arab Emirates (UAE), as per its executive chairman Tan Sri Lim Kok Thay’s comments to shareholder queries at the gaming group’s annual general meeting (AGM) last Friday.</p>


<p>Traders are keeping a close eye on flows into equities from the retail crowd as stocks hover near record highs and meme stocks popped and then fizzled this week.</p>


Goldman sees fear of underperforming as retail crowd returns

<p>The suspect killed in the attack at the Ulu Tiram police station, here on Friday, was believed to have acted alone, said Home Minister Datuk Seri Saifuddin Nasution Ismail.</p>


<p>The seven individuals who were arrested on Friday over an attack at the Ulu Tiram police station here will be brought to the Magistrate's Court here on Saturday to obtain a remand order.</p>


<p>As the local stock market edged higher, investors will be closely monitoring the financial performance of listed firms to justify the ongoing rally with the <b>FBM KLCI</b> reaching a multi-year high of 1,619.45 points last Friday in intra-day trade. The better-than-expected Malaysian economic growth of 4.2% in 1Q2024, which was released last Friday, is expected to help sustain the positive market sentiment.</p>


<p>The Dow Jones industrial average closed above the 40,000 mark for the first time on Friday, with other major indexes also scoring weekly gains, as data supported expectations for interest rate cuts by the Federal Reserve (Fed) this year.</p>


Dow ends above 40,000 milestone, indexes notch up weekly gains

<p>The US Justice Department and TikTok on Friday asked a US appeals court to set a fast-track schedule to consider the legal challenges to a new law requiring Chinese-based ByteDance to divest TikTok's US assets by Jan 19 or face a ban.</p>


US, TikTok seek fast-track schedule, ruling by Dec 6 on potential ban

<p>Citigroup Inc was accused in a lawsuit of racial discrimination for its policy of waiving ATM fees for customers of minority-owned banks.</p>


Citi hit with racial bias suit from a conservative law firm

<p>Mercedes-Benz Group AG employees in Alabama voted against joining the United Auto Workers, a major blow to the union’s recently reinvigorated efforts to grow its ranks.</p>


Mercedes workers in Alabama reject union in pivotal vote

<p>Home Minister Datuk Seri Saifuddin Nasution Ismail has given his assurance that the Jemaah Islamiyah (JI) movement in the country is still under control.</p>


<p>Seven individuals, including a Singaporean, were remanded for seven days from Saturday until May 24, to assist in the investigation into the attack on the Ulu Tiram police station, early on Friday morning.</p>


<p>The US awarded contracts for the purchase of 3.3 million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) after a massive sale from the stockpile in 2022, the Department of Energy said on Friday.</p>


US to buy 3.3 million barrels of oil for Strategic Petroleum Reserve

<p>Spot silver surpassed US$30 an ounce to hit the highest level in more than a decade.</p>

<p>The precious metal closed 6.5% higher at US$31.49 an ounce Friday, the highest since February 2013. It has soared 32% this year, outpacing gold and making it one of the year’s best-performing major commodities.</p>


<p>North Korean leader Kim Jong Un oversaw the test of tactical ballistic missiles with new guidance technology on Friday, state media <em>KCNA </em>said on Saturday.</p>


North Korea's Kim Jong Un oversaw missile test with new guidance system, KCNA says

<p>If an exciting race, a packed crowd with A-list bristle, and a surprise winner was the happening event Formula One needed in America, then the Miami Grand Prix delivered in spades. But that’s not all a scorching afternoon in the Florida sunshine achieved; it also added fuel to the “end of empire” feeling about Red Bull’s domination of the sport.</p>
