<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily,</em> on January 4, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><strong>Cycle &amp; Carriage Bintang Bhd (-ve)</strong></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>CCB (Fundamental: 2.1/3, Valuation: 1.1/3), the country’s largest Mercedes-Benz dealer, triggered our momentum algorithm last Thursday, rising 3.7% to RM3.38.</p></div>

<div class=newsTextDataWrapInner><p>Primarily involved in the retailing and provision of after-sales services, CCB also has a 49% equity interest (Class B shares) in Mercedes-Benz Malaysia Sdn Bhd (MBM) , with the balance 51% (Class A shares) owned by Daimler AG. The joint venture is expected to contribute a dividend income of RM11.2 million every year.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>For 9M2015, net profit surged almost six-fold y-y to RM41.9 million on the back of a 86.2% growth in revenue to RM1.2 billion.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The improved performance was mainly due to higher unit sales and favourable sales mix as well as the recognition of a dividend income received from MBM. With a net cash position of RM7.2 million, CCB has earmarked RM23.3 million for future capital expenditure.</p></div>

<div class=newsTextDataWrapInner><p><img alt="ccb_swm_fd010116_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/ccb_swm_fd010116_theedgemarkets.png" style="height:878px; width:666px" /></p></div>


This article first appeared in The Edge Financial Daily, on January 4, 2016.

 

Cycle & Carriage Bintang Bhd (-ve)

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Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.

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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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<p>Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.</p>


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<p>The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.</p>


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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>

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<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>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>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>


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<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 Sultan of Selangor, Sultan Sharafuddin Idris Shah, has extended condolences to the family of former inspector general of police Tun Mohammed Hanif Omar, who died early on Saturday morning.</p>


<p>Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".</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>


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<p>Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.</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>Perikatan Nasional (PN) will hold a supreme council meeting on Monday (April 22) on the selection of candidate to contest in the Kuala Kubu Baharu state by-election on May 11.</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...