<div>This article first appeared in <em>The Edge Financial Daily</em>, on March 16, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Ancom Logistics Bhd (+ve)</strong><br />
SHARES in Ancom Logistics Bhd (fundamental: 2.25/3, valuation: 0.3/3) triggered our momentum algorithm for the first time this year. The counter closed 1.5 sen or 15.8% higher at 11 sen yesterday, with 3.75 million shares traded. In comparison, its 200-day average volume is only around 95,946 shares.</p></div>

<div class=newsTextDataWrapInner><p>ACE Market-listed Ancom Logistics is an integrated bulk liquid logistics provider with a bulk liquid terminal in Port Klang. It provides transportation services for bulk liquid.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It posted a net loss of RM721,000 in the second quarter ended Nov 30, 2016 (2QFY17), from a net profit of RM35,000 a year ago, on lower revenue and higher administrative expenses.</p></div>

<div class=newsTextDataWrapInner><p>Revenue for 2QFY17 fell 17.36% to RM7.14 million from RM8.64 million.</p></div>

<div class=newsTextDataWrapInner><p>For the six-month period of FY17, its net loss widen to RM1.17 million from RM86,000 a year ago. Revenue declined 10.03% to RM14.98 million from RM16.65 million.</p></div>

<div class=newsTextDataWrapInner><p>The stock currently trades at 1.62 times book value.</p></div>


This article first appeared in The Edge Financial Daily, on March 16, 2017.

 

Ancom Logistics Bhd (+ve)
SHARES in Ancom Logistics Bhd (fundamental: 2.25/3, valuation: 0.3/3) triggered our momentum algorithm for the first time this...

Stock With Momentum: Ancom Logistics

Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

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Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

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The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

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Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.

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<p>Attention this week will be on the March inflation rate, with the <strong>Department of Statistics Malaysia</strong> (DOSM) slated to put out <strong>Consumer Price Index</strong> (CPI) — the key gauge for inflation — data on Thursday.</p>

<p>Inflation edged up by a higher-than-expected 1.8% i...

<p>A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.</p>


<p>A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.</p>


<p>Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.</p>


<p>The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.</p>


<p>Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.</p>


<p>Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.</p>


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<p>The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.</p>


<p>PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.</p>


<p>Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...