<div>This article first appeared in <em>The Edge Financial Daily</em>, on February 8, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Global Oriental Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Global Oriental Bhd (fundamental: 0.95/3, valuation: 1.20/3) triggered our momentum algorithm yesterday for the second time this year and closed one sen or 2.41% higher at 42.5 sen, giving it a market value of RM188.69 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The counter saw some 11.52 million shares traded yesterday, a huge climb from its 200-day average volume of just 149,514 shares.</p></div>

<div class=newsTextDataWrapInner><p>The group returned to the black in its second quarter ended Sept 30, 2016 (2QFY16) with a net profit of RM2.5 million, compared with a net loss of RM12.97 million registered in the previous year’s corresponding quarter, mainly due to increased revenue recognition from its development projects in Seri Kembangan and Subang Jaya, and the sale of a subsidiary company.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue jumped 62% to RM58.3 million up from RM36 million.</p></div>

<div class=newsTextDataWrapInner><p>The stock is currently trading at 0.42 times its book value.</p></div>


This article first appeared in The Edge Financial Daily, on February 8, 2017.

 

Global Oriental Bhd (-ve)

SHARES in Global Oriental Bhd (fundamental: 0.95/3, valuation: 1.20/3) triggered our momentum algorithm yesterday for the...

Stock With Momentum: Global Oriental

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Nestle Malaysia to adjust prices of 22 products starting July 1

MOSCOW (April 25): Russia is considering downgrading the level of its diplomatic relations with the United States if Western governments go ahead with proposals to confiscate its frozen assets, state news agency RIA quoted Deputy Foreign Minister Sergei Ryabkov as saying on Thursday.

...

Russia says it may downgrade ties with US if its assets are confiscated

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Unisem's 1Q net profit down 14% dragged by lower margin, foreign exchange losses

NEW YORK (April 26): As U.S. inflation worries grow, some investors are preparing for the 10-year U.S. Treasury yield to breach a 16-year high of 5% hit last October.

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Microlink gets RM56.45 mil contract from Bank Islam Brunei

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Malayan Banking Bhd (Maybank) has obtained a summary judgement at the High Court here against ACE Credit (M) Sdn Bhd, ACE Corporation (M) Sdn Bhd, and the company directors Datuk Choong Chee Meng and Chang Ai Nee, for defaulting on a RM46.47 million loan given to them by the bank.

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Huawei Technologies Co’s latest smartphones carry a version of the advanced made-in-China processor it revealed last year, independent analysis revealed, underscoring the Chinese company’s ability to sustain production of the controversial chip.

Huawei’s new phone runs latest version of made-in-China chip

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<p>Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.</p>


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<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


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<p>Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.</p>


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<p>Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.</p>


Asia’s richest banker loses US$1.2 bil after RBI ban

<p>RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.</p>


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<p>Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.</p>


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<p>The country’s&nbsp;fifth-generation (5G) network&nbsp;adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.</p>


<p>RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.</p>


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Battle for 'tech luxury' in China as EVs get smarter — and cheaper

<p>The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.</p>


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<p>The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.</p>


Tesla fires back at investor who doesn’t want pay fight in Texas

<p>Anyone called in by the Malaysian Anti-Corruption Commission (MACC), either as a witness or subject of investigation, is given ample opportunity to provide additional, detailed information as they please, and this includes imprisoned former prime minister Datuk Seri Najib Razak.</p>


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<p>Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.</p>
