<div class=newsTextDataWrapInner><p><strong>APFT Bhd (+ve)</strong> <img alt="Red Flag" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/red_flag.png" style="height:15px; width:13px" /><br />
Shares for Asia Pacific Flight Training (Fundamental: 0.2/3 Valuation: 0.3/3) have gained 70.8% since March on heavy volume.</p></div>

<div class=newsTextDataWrapInner><p>On 26-27 March, the company fixed the price for 20 million new shares (of the proposed private placement of up to 118.1 million shares) at 20 sen per share, which was at a premium of 16.21-16.75% to the 5-day weighted average market prices.</p></div>

<div class=newsTextDataWrapInner><p>APFT plans to raise a maximum of RM23.6 million from the entire exercise, 40.6% of which will be used to purchase oil and gas equipment, 25.4% for aircraft purchase and the rest for working capital and loan repayments. &nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company operates a flight training academy and plans to diversify into the oil and gas sector. It recently aborted plans to buy a 20% stake in Metro Money Exchange, to carry on wholesale foreign currency, money exchange and money remittance business.</p></div>

<div class=newsTextDataWrapInner><p>The stock is ‘Red Flagged’ for its low fundamental score of 0.2/3.</p></div>

<div class=newsTextDataWrapInner><p><img alt="apft_16Apr15_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/apft_16Apr15_theedgemarkets.png" style="height:702px; width:550px" /></p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily, </em>on April 16, 2015.</p></div>


APFT Bhd (+ve) 
Shares for Asia Pacific Flight Training (Fundamental: 0.2/3 Valuation: 0.3/3) have gained 70.8% since March on heavy volume....

Stocks With Momentum: APFT

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