<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on March 27, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>Bumi Armada Bhd (+ve)</strong><br />
TRADING of shares in Bumi Armada Bhd (fundamental: 0.2/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the first time this year.</p></div>

<div class=newsTextDataWrapInner><p>The counter closed down one sen or 5.13% at 18.5 sen. It was the most actively traded stock on the local bourse yesterday, with 349.06 million shares done compared with the average 51.09 million shares recorded in the past 200 days.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Bloomberg reported on Monday that Bumi Armada was nearing an agreement for a loan of around US$500 million (RM2.04 billion), citing sources, in a deal that would give the embattled energy firm more time to restructure its business and sell assets in order to return to profitability.</p></div>

<div class=newsTextDataWrapInner><p>Banks were finalising details of a five-year credit facility, it wrote, and the funds would be used to refinance existing debt that matures in May and for working capital. The company had RM10.4 billion of total borrowings at the end of December, it reported.</p></div>


Bumi Armada Bhd (+ve)
TRADING of shares in Bumi Armada Bhd (fundamental: 0.2/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the first time this year.

The counter closed down one sen or 5.13% at 18.5 sen. It was the most actively traded stock ...

Stock With Momentum: Bumi Armada

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<p>Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.</p>


<p>The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.</p>


<p>US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.</p>
