<div>This article first appeared in <em>The Edge Financial Daily</em>, on October 26, 2016.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Century Logistics Holdings Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Century Logistics Holdings Bhd (fundamental: 2.1/3, valuation: 1.4/3) triggered our momentum algorithm for the first time this month, following trades of 15.6 million shares versus its 200-day average volume of 1.78 million shares. The counter closed up 3.5 sen or 3.7% at 97.5 sen yesterday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In September, the logistics company announced the entry of CJ Korea Express Asia Pte Ltd (CJ KEA) — which is part of South Korea’s biggest logistics provider, CJ Korea Express Corp — as the largest shareholder of Century, after acquiring a 31.44% stake.</p></div>

<div class=newsTextDataWrapInner><p>CJ KEA had indicated the equity acquisition was just the beginning of a “greater partnership” between the two companies.</p></div>

<div class=newsTextDataWrapInner><p>The stock is trading at 1.22 times its net asset value. The company paid 6 sen per share in dividends for the financial year ended Dec 31, 2015.</p></div>


This article first appeared in The Edge Financial Daily, on October 26, 2016.

 

Century Logistics Holdings Bhd (-ve)

SHARES in Century Logistics Holdings Bhd (fundamental: 2.1/3, valuation: 1.4/3) triggered our momentum algorit...

Stock With Momentum: Century Logistics Holdings

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Suria KLCC's established reputation as a premier shopping destination has set it apart from other malls in the same vicinity, which provided it an effective buffer against new competition, according to KLCCP Stapled Group chief executive officer Datuk Md Shah Mahmood.

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Tesla expects to book more than US$350 million (RM1.6 billion) in costs in the current quarter for the mass layoffs it began last week, the automaker disclosed on Wednesday, as it shifts focus to more affordable models that it plans to introduce by early 2025.

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<p>Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.</p>

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<p>Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.</p>


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<p>The Malaysian Anti-Corruption Commission investigating officer (MACC IO) probing Datuk Seri Najib Razak in relation to the 1Malaysia Development Bhd (1MDB) debacle never asked the former prime minister if he had instructed for the controversial transfer of US$700 million to a company linked to fugitive Low Taek Jho (Jho Low), the court heard on Wednesday.</p>


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<p>Bursa Malaysia closed at a two-year high on Wednesday with the key index rising 0.63%, driven by a positive outlook on the local bourse and amid an upbeat performance by regional peers.&nbsp;</p>
