<div>This article first appeared in <em>The Edge Financial Daily</em>, on March 28, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Boon Koon Group Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>Shares in Boon Koon Group Bhd (fundamental: 0.35/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the sixth time this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The stock closed four sen or 15.38% higher at 30 sen yesterday, giving it a market capitalisation of RM83.03 million.</p></div>

<div class=newsTextDataWrapInner><p>Boon Koon saw 61.01 million shares, equivalent to 22.05% of its share capital, traded yesterday, which exceeded the counter’s average 200-day volume of 877,191 units.</p></div>

<div class=newsTextDataWrapInner><p>The shares hit a five-year high of 29.5 sen yesterday, on speculation that the company’s disposal of its 25% stake in Hitachi Capital Malaysia Sdn Bhd would contribute to its earnings.</p></div>

<div class=newsTextDataWrapInner><p>The disposal is subject to approval from Boon Koon’s shareholders at an extraordinary general meeting on Friday.</p></div>

<div class=newsTextDataWrapInner><p>At the current price, Boon Koon is trading at 0.88 times its book value.</p></div>


This article first appeared in The Edge Financial Daily, on March 28, 2017.

 

Boon Koon Group Bhd (-ve)

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Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.

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Goldman plans to add headcount in Asia to woo super wealthy — The Straits Times

SK Hynix Inc said it expects a full recovery in the memory market, led by surging artificial intelligence (AI)-related demand, and lifted its capital spending plans.

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<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>


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<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>


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<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>


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NationGate is observing technical breakout, says RHB Retail Research 

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<p>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.</p>


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


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<p>(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.</p>


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<p>PUTRAJAYA ( April 25): Malaysia’s inflation stayed at 1.8% in March 2024 from a month ago, according to the Department of Statistics Malaysia (DOSM).</p>
