<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on December 3, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>Daibochi Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>TRADING of shares in plastic packaging company Daibochi Bhd (fundamental: 0.75/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the third time this year, after the company posted a commendable first quarter following contributions from its newly acquired subsidiary, Mega Printing &amp; Packaging Sdn Bhd (MPP).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The counter closed one sen or 0.44% lower at RM2.27, after trading volume surged to 1.68 million shares — 11.2 times its 200-day average of 150,040 shares. Year to date, Daibochi shares have gained 40.12%.</p></div>

<div class=newsTextDataWrapInner><p>For the first quarter ended Oct 31, 2019, Daibochi booked a net profit of RM10.98 million on the back of a revenue of RM152.56 million — both record-high numbers after it incorporated the contribution of MPP. There were no year-on-year comparable figures as Daibochi has changed its financial year end to July 31 from Dec 31.</p></div>

<div class=newsTextDataWrapInner><p>Besides MPP’s contribution, Daibochi said the favourable results were also helped by better operational efficiency and a favourable product mix.</p></div>


Daibochi Bhd (+ve)

TRADING of shares in plastic packaging company Daibochi Bhd (fundamental: 0.75/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the third time this year, after the company posted a commendable first quarter following contributions f...

Stock With Momentum: Daibochi

China’s airlines flew a record number of people in the first quarter (1Q), amid government efforts to boost the nation’s tourism sector and strong demand for holidays at home.

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European natural gas prices kept rising on April 16 after top Israeli military officials reasserted that their country has no choice but to respond to Iran’s weekend drone and missile attack.

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A suspect, who was arrested over Sunday’s shooting incident at Terminal 1 of the Kuala Lumpur International Airport (KLIA), is being remanded for seven days.

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The suspect who opened fire at the Kuala Lumpur International Airport (KLIA) Terminal 1 Arrival Hall on early Sunday morning, before being arrested in Kota Bharu on Monday, is believed to be trying to escape to a neighbouring country.

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The Indonesian rupiah tumbled to a four-year low on Tuesday after a weeklong holiday, as persistent strength in the greenback after a hawkish repricing of Federal Reserve rate cut expectations continued to pressure Asian currencies.

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German coal mines spew 184 times more methane than what the country reports to the United Nations, according to a new analysis by Ember.

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The Indonesian rupiah on Tuesday tumbled to its weakest in four years as the market reopened after the Eid al-Fitr holidays, prompting the central bank to intervene in the market to stem its slide.

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<p>Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;</p>


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<p>The Ministry of Transport (MOT) has not been informed of any corporate deal involving Malaysia's biggest port operator MMC Port Holdings Sdn Bhd, said its Minister Anthony Loke Siew Fook.</p>


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<p>RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.</p>


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<p>Shares of EP Manufacturing Bhd (EPMB) climbed on Tuesday and may be set for its best day in ten months after the auto parts maker signed a 10-year vehicle assembly deal with a Chinese carmaker.</p>


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<p>There is "no urgency" to cut US interest rates, Mary Daly, the president of the San Francisco Federal Reserve Bank, said on Monday, with the economy and labour market strong, and inflation still above the Fed's target of 2%.</p>
