<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on July 3, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>Hai-O Enterprise Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Hai-O Enterprise Bhd (fundamental: 3/3, valuation: 1.7/3) gained by 19 sen or 4.87% to settle at RM4.09 last Friday, after 1.72 million shares changed hands. The stock has jumped 54.34% from when it was trading at RM2.65 on Jan 3. At the current price, Hai-O has a market capitalisation of RM1.18 billion. This is the fifth time Hai-O is featured on “Stocks with Momentum”.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Last Thursday, Hai-O announced that its net profit in the fourth quarter ended April 30, 2017 jumped 63.21% to RM18.25 million or 6.30 sen per share, from RM11.18 million or 3.38 sen per share a year ago, as revenue climbed 34.28% to RM118.37 million from RM88.15 million. It attributed the better earnings to higher contribution from both its multilevel marketing and wholesale divisions.</p></div>

<div class=newsTextDataWrapInner><p>For the entire financial year ended April 30, 2017 (FY17), net profit rose 63.07% to RM59.26 million or 20.47 sen per share, from RM36.34 million or 12.47 sen per share previously, while revenue grew by 35.74% to RM403.99 million, from RM297.63 million in FY16.</p></div>

<div class=newsTextDataWrapInner><p>It proposed a final dividend of 11 sen per share for FY17, bringing its total payout to 16 sen for the year, one sen higher than FY16.</p></div>


Hai-O Enterprise Bhd (+ve)

SHARES in Hai-O Enterprise Bhd (fundamental: 3/3, valuation: 1.7/3) gained by 19 sen or 4.87% to settle at RM4.09 last Friday, after 1.72 million shares changed hands. The stock has jumped 54.34% from when it was trading at RM2.65 on Jan 3. At...

Stock With Momentum: Hai-O Enterprise

India's sugar consumption this year is poised to hit a record high as demand during the peak summer season gets a boost from heat waves and the mobilisation of millions for elections in the scorching temperatures.

India's sugar demand surges in heat wave and election season

US Supreme Court justices confronted the nation's homelessness crisis on Monday as they wrestled with the legality of local laws used against people who camp on public streets and parks in a case involving a southwest Oregon city's anti-vagrancy policy.

US Supreme Court scrutinises anti-camping laws used against the homeless

The bodies of the 10 victims involved in the mid-air collision and crash involving two helicopters at the Royal Malaysian Navy (RMN) base in Lumut were recovered earlier on Tuesday.

Police confirm all bodies recovered from helicopters' crash

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 23)

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Malaysia still frontrunner for China+1 strategy despite rising competition from regional countries, says SERC

The defence in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial will contest the 25 abuse of power and money-laundering charges levelled against former prime minister Datuk Seri Najib Razak.

Shafee: 1MDB-Tanore charges 'all wrong', will mount challenge

Moomoo Malaysia, an online trading platform, garnered 100,000 clients within six weeks of its launch, making it one of the most downloaded financial mobile applications in Malaysia.

Moomoo Malaysia surpassed 100,000 clients within six weeks of its debut in Malaysia

GLOBETRONICS Technology Bhd, an established outsourced semiconductor assembly and test (OSAT) player, is planning to move up the value chain by diversifying into advanced packaging to ride the wave of rising demand for such services.

It also expects advanced packaging to be its future r...

Globetronics to venture into advanced packaging on back of rising demand

While continuous growth is essential for a company to survive in the highly competitive property development industry, staying focused and establishing a clear market position are key to distinguishing itself from the others.

“When I first started in the property industry about 20 years...

Cover Story: Staying focused on affordable residential market

The Home Ministry and the government contend that the seizure of 172 rainbow-themed Swatch watches nationwide was legal as it was done under Section 17 of the Printing Presses and Publications Act 1984 (PPPA), that empowers the authorities to seize items without the need of a prohibitory order or warrant, as those items are considered undesirable publication due to them advocating for LGBTQ.

Seizure of Swatch’s rainbow-themed watches is legal, no need for prohibitory order — Home Ministry

<p>The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.</p>




<p>Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.</p>


Two helicopters crash in Lumut, 10 confirmed killed — RMN

<p>Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.</p>


Topmix surges 32% on ACE Market debut

<p>Healthcare stocks still have legs to run following the recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.</p>


KPJ near record high, IHH surges as analysts bet on more upside

<p>Brazil's government said on Monday that four additional poultry plants have been cleared to sell halal products to Malaysia, a move it hopes will allow exports to the Asian country to double when compared to last year's levels.</p>


Brazil says Malaysia clears four more halal poultry plants for export

<p>Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.</p>


Eight contractors face possible MyCC fines for bid rigging in tenders worth RM473m

<p>Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.</p>


Malaysia’s construction tender prices to grow by 3% in 2024, says Turner & Townsend

<p>Asian shares extended gains on Tuesday, taking cues from Wall Street as investors' focus shifts to earnings reports from US tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows.</p>


Asian shares extend gains ahead of tech earnings, yen fragile

<p>Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.</p>


Ex-Umno leader ready to apologise in contempt of court case

<p>Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.</p>


Indonesia's biggest party confirms President Jokowi no longer a member after backing Prabowo

<p>Datin Seri Rosmah Mansor's appeal against her guilty conviction and sentence over all three counts of graft pertaining to the RM1.25 billion solar hybrid project for 369 rural schools in Sarawak will be heard in October.</p>


October hearing for Rosmah's appeal in solar project graft trial

<p>Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.</p>


China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

<p>Hong Leong Investment Bank (HLIB) has a “trading buy” rating on SDS Group Bhd and said with 33 of its F&amp;B outlets situated across Johor state, and a wholesale segment that is focusing in this region, SDS appears strategically positioned to leverage the burgeoning vibrancy in Johor, propelled further by the continuous influx of visitors from Singapore.</p>


SDS strategically positioned to leverage burgeoning vibrancy in Johor, says HLIB 

<p>Malton Bhd has unveiled the final tower (Block B) of River Park, following the successful launch of its previous Tower A and Tower C blocks with more than 70% take-up rate.</p>


Malton unveils River Park's final tower

<p>Bursa Malaysia opened higher on Tuesday, taking its cue from Wall Street’s better performance overnight, as sentiment improves after Iran said it will not escalate the conflict with Israel, said an analyst.</p>


Bursa up in early trade, tracking Wall Street overnight

<p>Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines.&nbsp;</p>

<p>However, AirAsia Consulting has yet to submit any price bid since due diligence has not been carried out, its chief executive officer Subashini Silvadas told <em>The Edge</em> on Tuesday.</p>


Capital A’s unit in RFQ process for SriLankan Airlines, no price bid yet

<p>Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health.</p>


Wall Street stocks end higher with major corporate earnings in view

<p>Rakuten Trade has a “buy” rating on ACE Market-bound surface decorative products company Topmix Bhd at an initial public offering (IPO) price of 31 sen, with a fair value of 40 sen based on financial year 2024 (FY2024) forecast price-earnings (PE) of 15x, in line with industry peers.</p>


Rakuten Trade values Topmix at 40 sen, expects FY2023-FY2026 earnings to grow at CAGR of 25%

<p>South Korea is emerging as a closely watched weak link in the US$63 trillion (RM298.95 billion) world of shadow banking.</p>


Shadow banking stress in South Korea sends warning to global investors

<p>The two helicopters which collided and crashed at the Royal Malaysian Navy (RMN) Base were undergoing a rehearsal for the third time in conjunction with RMN Fleet Open Day celebration scheduled on Saturday (April 27).</p>
