<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on July 23, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>Ho Hup Construction Co Bhd (-ve)</strong><br />
TRADING of shares in Ho Hup Construction Co Bhd (fundamental: 0.8/3, valuation: 1.5/3) triggered our momentum algorithm last Friday for the fourth time this year. The company saw 4.58 million shares traded, exceeding the counter’s 200-day average of 314,763.5.</p></div>

<div class=newsTextDataWrapInner><p>The stock rose 1.5 sen or 2.94% to close at 52.5 sen, leaving it with a market capitalisation of RM196.8 million. Ho Hup was last traded at 0.58 times its book value.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Ho Hup’s net profit fell 30.28% for the first quarter ended March 31, 2018 to RM8.64 million from RM12.39 million, despite revenue jumping by 64.6% to RM58.49 million from RM35.54 million a year ago. The decrease in net profit was mainly due to the increase in finance costs with new additional short-term loans undertaken for the group’s working capital requirements. As a result, its earnings per share declined to 2.31 sen from 3.31 sen.</p></div>

<div class=newsTextDataWrapInner><p>The construction and property development company announced on May 18 that it will unveil property projects worth RM1.7 billion for this financial year ending Dec 31, 2018 (FY18). With these projects in the pipeline, Ho Hup said the group is expecting a “better year” than FY17.</p></div>


Ho Hup Construction Co Bhd (-ve)
TRADING of shares in Ho Hup Construction Co Bhd (fundamental: 0.8/3, valuation: 1.5/3) triggered our momentum algorithm last Friday for the fourth time this year. The company saw 4.58 million shares traded, exceeding the counter’s 200-day a...

Stock With Momentum: Ho Hup Construction Co Bhd

The Madani government is committed to eradicating hardcore poverty in Sabah despite knowing the situation is quite complicated to resolve, said Prime Minister Datuk Seri Anwar Ibrahim.

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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.

Selangor Sultan conveys condolences to Tun Hanif Omar’s family

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.

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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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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.

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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>A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.</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>


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<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>


<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>Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the US stock rally, which has flagged as expectations for interest cuts fade.</p>


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<p>S P Setia Bhd has officially launched the LakePoint Complex commercial hub at the 1,235-acre freehold township of SetiaAlam Impian in Shah Alam on Saturday. The ceremony was officiated by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.</p>


<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>


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<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>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>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>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...