<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on September 18, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>CapitaLand Malaysia Mall Trust (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in CapitaLand Malaysia Mall Trust (CMMT) (fundamental: 0.55/3, valuation: 2.7/3) triggered our momentum algorithm yesterday for the first time since July last year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The counter closed unchanged at RM1.05 yesterday, with a volume of 3.31 million shares, higher than its 200-day average volume of 831,688 shares.</p></div>

<div class=newsTextDataWrapInner><p>CMMT’s net property income (NPI) fell 5.7% to RM50.33 million for the second quarter ended June 30, 2019 from RM53.36 million a year earlier, on lower occupancies at The Mines and Sungei Wang properties.</p></div>

<div class=newsTextDataWrapInner><p>CMMT said the NPI for Sungei Wang turned negative in the quarter mainly due to lower revenue and an increase in operating expenses arising from branding and social media marketing costs for Jumpa (the annexe block next to the mall). The trust’s gross rental income also fell 3.5% during the quarter to RM66.05 million from RM68.41 million a year ago.</p></div>

<div class=newsTextDataWrapInner><p>CMMT had paid a distribution per unit of 3.22 sen. At the current share price, CMMT is trading at 0.84 times its book value.</p></div>


CapitaLand Malaysia Mall Trust (+ve)

SHARES in CapitaLand Malaysia Mall Trust (CMMT) (fundamental: 0.55/3, valuation: 2.7/3) triggered our momentum algorithm yesterday for the first time since July last year.

The counter closed unchanged at RM1.05 yesterday, w...

Stock With Momentum: CapitaLand Malaysia Mall Trust

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Finance Minister Chrystia Freeland said the government will tax Canad...

Canada hikes capital gains tax to raise billions for housing

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NEW YORK (April 17): Wall Street see-sawed to a mixed close on Tuesday as rising U.S. Treasury yields and elevated geopolitical worries counteracted a generally positive string of first-quarter corporate results.

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US stocks end mixed on rising Treasury yields, Middle East jitters

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Federal Reserve Chair Jerome Powell said on Tuesday recent inflation data ...

Wall Street stocks close lower on higher Treasury yields, rate expectations

(April 17): Britain condemns the killing of Israeli teenager Binyamin Achimair and is alarmed by the "shocking levels of violence" in the occupied West Bank after his death, the country's foreign office said in a statement on Tuesday.

"These killings, and subsequent actions, are escalat...

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BARCELONA, Spain (April 17): Paris St Germain's Kylian Mbappe scored twice in the second half to help guide his side to a 4-1 comeback win at 10-man Barcelona in their Champions League quarter-final, second leg to wrap up a 6-4 aggregate victory on Tuesday.

Raphinha gave Barca the lead ...

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WASHINGTON (April 16): US Treasury Secretary Janet Yellen on Tuesday warned that the US intends to hit Iran with new sanctions in coming days over its unprecedented attack on Israel, and these actions could seek to reduce Iran’s capacity to export oil.

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KUALA LUMPUR (April 16): The Unity Secretariat meeting, held on Tuesday night, discussed preparations to strengthen machinery and the working mechanism of parties within the Unity Government, in preparation for next month’s Kuala Kubu Baharu by-election.

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Biden unlikely to cut Iran’s oil lifeline after Israel attack

<p>Outsourced semiconductor assembly and testing (OSAT) player Globetronics Technology Bhd is in the final stages of discussion with two prospective clients interested in leveraging advanced packaging technology.</p>


Globetronics in final talks with two potential customers for advanced packaging

<p>Practice Note 17 (PN17) company Serba Dinamik Holdings Bhd said it had been granted an extension of time until May 15 by Bursa Malaysia to submit its regularisation plan.</p>


Bursa grants Serba Dinamik second extension of time until May 15 to submit regularisation plan

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<p>The Ministry of Investment, Trade and Industry (Miti) will draw up a comprehensive semiconductor strategic plan to ensure that Malaysia continues to be the chosen investment destination for this strategic industry, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


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<p>Bursa Malaysia ended lower for the second consecutive day on Tuesday, tracking the weak global sentiment due to the Middle East conflict, said an analyst. &nbsp;</p>


Bursa closes lower, tracking weak global sentiment

<p>KUALA LUMPUR (April 16): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:</p>


MyEG, HeiTech Padu, Apex Healthcare, Globetronics Technology, Kossan Rubber, Tomei, GDEX, Serba Dinamik, Alpha IVF and Comfort Gloves

<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Kossan Rubber Industries Bhd has proposed a final dividend of two sen per share for the financial year ended Dec 31, 2023 (FY2023).</p>

<p>The final dividend will be paid on July 18, with June 20 as the ex-date and June 21 as the entitlement date, the glove maker said in a bourse filing on Tuesday.</p>


Kossan proposes final dividend of two sen for FY2023

<p>Tesla Inc&nbsp;shares extended their decline for 2024, pushing the electric-vehicle (EV) maker’s market valuation below US$500 billion (RM2.40 trillion), as a round of job cuts this week further soured sentiment around the company.&nbsp;</p>


Tesla’s value declines below US$500b as risks pile up

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Bursa works with UK's Mobilist programme to address funding gap and achieve UN SDGs

<p>KUALA LUMPUR (April 16): Newly-listed fertility care company Alpha IVF Group Bhd made a net profit of RM13.59 million for its third quarter ended Feb 29, 2024 (3QFY2024), on a revenue of RM40.7 million.</p>


Alpha IVF makes RM13.6 mil net profit in 3Q, sees rising demand for fertility solutions amid resurgence in medical tourism

<p>KUALA LUMPUR (April 16): The 14-year-old daughter of Lahad Datu police chief ACP Dzulbaharin Ismail was found dead in a pool of blood, in a room at her home in Taman Tabanak, Lahad Datu on Tuesday.</p>


Teen daughter of Lahad Datu police chief found dead in pool of blood

<p>KUALA LUMPUR (April 16): Express carrier GDEX Bhd, which has been in the red for the last two financial years, is planning to diversify into the provision of information technology (IT) services and solutions to enhance its revenue stream.</p>


GDEX plans to diversify into IT

<p>KUALA LUMPUR (April 16): Gold jewellery manufacturer Tomei Consolidated Bhd, whose share price hit a record high last week amid rising gold prices, has declared a first and final dividend of four sen per share for the financial year ended Dec 31, 2023 (FY2023).</p>


Tomei declares four sen dividend for 2023, expects 'reasonable profit' for 2024

<p>KUALA LUMPUR (April 16): Comfort Gloves Bhd said two subsidiaries of the group have commenced legal action over an additional tax demand totalling RM99.3 million by the Inland Revenue Board (IRB).</p>


Comfort Gloves’ units go to court over RM99 mil additional tax demand

<p>When the group of mining executives arrived at Panama’s regal Palacio de las Garzas, they were ushered past the ornate, wood-panelledd ceremonial rooms and straight to the private office of the president.</p>


How a US$10b mine became a cautionary tale for the energy transition

<p>KUALA LUMPUR (April 16): The Malaysian Investment Development Authority&nbsp;(Mida) has&nbsp;appointed&nbsp;Sikh Shamsul Ibrahim Sikh Abdul Majid as its&nbsp;new chief executive officer (CEO), effective April 18, 2024.&nbsp;</p>


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<p>Crude palm oil (CPO) prices, which surged in March 2024 to hit a peak of RM4,327 a tonne,&nbsp;are expected to move within a stable range of RM4,000 to RM4,200 a tonne this month, according to&nbsp;the Malaysian Palm Oil Council (MPOC).</p>


MPOC expects CPO to trade at RM4,000-RM4,200 a tonne in April

<p>The Kelana Jaya Line Light Rail Transit (LRT) service is operating with a limited number of trains, due to a disruption to&nbsp;the power supply system which was struck by lightning at 3.30pm on Tuesday.</p>


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<p>The High Court on Tuesday set a three-day trial in January 2026 for the defamation suit filed by former culture, arts, and tourism minister Tan Sri Abdul Kadir Sheikh Fadzir against businessman Datuk Seri Aliff Syukri Kamaruzaman over defamatory statements involving tens of millions of ringgit in investment debts.</p>
