<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on July 25, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><strong>Gadang Holdings Bhd (+ve)</strong></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>A 6.44% jump in Gadang Holdings Bhd’s (fundamental: 2.6/3, valuation: 1.8/3) share price last Friday triggered our proprietary algorithm for the third time this year. It was first picked for Stocks with Momentum on June 7.</p></div>

<div class=newsTextDataWrapInner><p>Gadang shares closed at their highest point this month at RM2.48 after 13.56 million shares changed hands. In comparison, it has a 200-day average volume of 1.73 million.</p></div>

<div class=newsTextDataWrapInner><p>Gadang is an earthwork and civil engineering services provider. It announced last Thursday its net profit for the fourth quarter ended May 31, 2016 grew 20% to RM30.5 million from RM25.4 million in the previous year, on improved margins from construction activities and higher contributions from its property division. Revenue for the quarter jumped 47% to RM248.9 million from RM169.8 million previously.</p></div>

<div class=newsTextDataWrapInner><p>Annual net profit spiked 58% to RM94.2 million from RM59.6 million, while revenue gained 15% to RM676.1 million from RM587.4 million.</p></div>


This article first appeared in The Edge Financial Daily, on July 25, 2016.

 

Gadang Holdings Bhd (+ve)

A 6.44% jump in Gadang Holdings Bhd’s (fundamental: 2.6/3, valuation: 1.8/3) share price last Friday triggered our proprietary algori...

Stock With Momentum: Gadang Holdings

Global stocks slid to two-month lows, while the dollar rose to its highest in over five months on Tuesday, after stronger-than-expected US retail sales further reinforced the view that the Federal Reserve may not rush to cut interest rates this year.

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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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<p>E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.</p>

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<p>CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.</p>


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<p>Global stocks slid to two-month lows, while the dollar rose to its highest in over five months on Tuesday, after stronger-than-expected US retail sales further reinforced the view that the Federal Reserve may not rush to cut interest rates this year.</p>


<p>The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.</p>


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<p>China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.</p>


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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>Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).</p>


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<p>KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.</p>

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<p>Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.</p>


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<p>RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.</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>
