<div class=newsTextDataWrapInner><p>This article first appeared in<em> The Edge Financial Daily</em>, on April 15, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><strong>Eonmetall Group Bhd (-ve)</strong></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SHARES in Eonmetall Group Bhd (fundamental: 0.65/3, valuation: 1.1/3) triggered our momentum algorithm for the first time, jumping as much as 17.2% to one-year high of 34 sen, before it closed at 33 sen with 865,600 shares changing hands. In comparison, its 200-day average volume was only 31,518 shares.</p></div>

<div class=newsTextDataWrapInner><p>The company returned to the black with net profit of RM2.61 million for the fourth &nbsp;financial quarter ended Dec 31, 2015 (4QFY15) compared to a net loss of RM765,000 a year ago. Its quarterly revenue grew nearly 24% to RM20.7 million in 4QFY15 from RM16.7 million in 4QFY14. Its share price has jumped 28.8% since it released its 4QFY15 earnings result.</p></div>

<div class=newsTextDataWrapInner><p>Eonmetall is principally involved in manufacturing of steel products focusing on cold-rolled coils, galvanised coils and secondary flat steel products, steel storage system.</p></div>

<div class=newsTextDataWrapInner><p>At closing of 33 sen, Eonmetall is trading at a trailing price-earnings ratio of 9.01 times and is 0.36 times its book value.</p></div>

<div class=newsTextDataWrapInner><p><img alt="eon-mettalt_swm_chart_fd_150416" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/eon-mettalt_swm_chart_fd_150416.png" /></p></div>


This article first appeared in The Edge Financial Daily, on April 15, 2016.

 

Eonmetall Group Bhd (-ve)

SHARES in Eonmetall Group Bhd (fundamental: 0.65/3, valuation: 1.1/3) triggered our momentum algorithm for the first time, jumping a...

Stock With Momentum: Eonmetall Group

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<p>Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.</p>


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<p>European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.</p>


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<p>The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.</p>

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<p>The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.</p>


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<p>Alphabet announced its first-ever dividend on Thursday and a US$70 billion (RM334.43 billion) stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.</p>


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<p>China is preparing a United Nations General Assembly resolution that it says is intended to help close gaps between rich and developing countries in the advance of artificial intelligence (AI), an initiative that follows an extensive and ambitious campaign by the US, its biggest AI competitor.</p>


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<p>Foreign states are using UK universities to “steal advantage” by covertly acquiring British intellectual property, the government warned, saying it would explore proposals to protect cutting-edge research and technology.</p>
