<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on September 13, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>Hubline Bhd (+ve)</strong><br />
TRADING of shares in Hubline Bhd (fundamental: 0.4/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the second time this year.</p></div>

<div class=newsTextDataWrapInner><p>The counter settled half a sen or 10% higher at 5.5 sen yesterday, with a market capitalisation of RM210.01 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The counter was the fifth most actively traded on Bursa Malaysia, with some 37.81 million shares changing hands, three times higher than its 200-day average volume of 11.16 million shares.</p></div>

<div class=newsTextDataWrapInner><p>The shipowner and charterer said it had entered into a share sale agreement with Absolute Privilege’s director Pau Chiong Ching for the proposed acquisition of all of his 1.5 million ordinary shares in the company, representing a 75% equity interest, for RM16.37 million.</p></div>


Hubline Bhd (+ve)
TRADING of shares in Hubline Bhd (fundamental: 0.4/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the second time this year.

The counter settled half a sen or 10% higher at 5.5 sen yesterday, with a market capitalisation of ...

Stock With Momentum: Hubline

YNH Property Bhd (YNH) issued a clarification to bondholders via Malaysian Trustee Bhd on the technical default of its Islamic notes, as well as the status of its mall sale and the appointment of a new auditor.

YNH provides clarity over bond default, ensures remedial steps taken

Petrol station operators threatened by diesel smuggling syndicates are urged to lodge formal reports to the Domestic Trade and Cost of Living Ministry (KPDN), said minister Datuk Armizan Mohd Ali.

Armizan tells petrol station operators to lodge reports if threatened by syndicates 

The Court of Appeal has set July 29 to hear the prosecution’s appeal against the acquittal of Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette Abdul Samad from three corruption charges involving RM2.8 million relating to a Felcra Bhd investment.

July 29 set for hearing of prosecution's appeal against Bung Moktar, wife's graft acquittal

NINGBO, China (April 26): Malaysia is poised to be the next home of Zhejiang Geely Holding Group Co Ltd’s (Geely) methanol-powered vehicles, after China and the European market.

Malaysia the next market for Geely’s methanol vehicle

Japan said it plans to expand restrictions on exports of four technologies related to semiconductors or quantum computing, the latest in a global push to control the flow of strategic tech.

Japan tightens export controls on more chip and quantum tech 

The yen swung sharply from the day’s low to near its high amid jittery trading in the wake of the Bank of Japan’s decision to keep monetary policy unchanged.

Yen swoons in jittery trading in wake of BOJ standing pat

NatWest Group plc beat earnings estimates in the first quarter (1Q) as lending and deposits increased while customers started to feel more confident.

NatWest beats estimates on growing customer confidence

KUALA LUMPUR (April 26): Malaysia’s export prices grew 1.7% to 149.8 points in March from 147.3 points in February, while import prices saw a marginal uptrend of 0.1% from 129.9 points to 130.0 points, said the Department of Statistics Malaysia (DOSM).

DOSM: Malaysia’s export, import prices increase 1.7%, 0.1% in March 2024

The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose in the broader market.

Stocks face worst month since September, yen swings after BOJ

Hong Kong and China stocks extended gains on Friday, with the Hang Seng Index logging its best week since October 2011, as sentiment recovered further after strategists from global investment houses upgraded their views on Chinese shares.

Hong Kong stocks notch best week in more than 12 years; China attracts record inflow 

<p>The Inland Revenue Board (IRB) has extended the deadline for non-business taxpayers to submit their tax return form for the year of assessment 2023 via e-Filing from April 30 to May 15.</p>


e-Filing: Tax return form submission deadline extended to May 15 for non-business taxpayers

<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>


Berjaya Corp denies participation in talks to revive Forest City casino resort

<p>Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday.</p>


Maxis could lead second 5G network roll-out with new consortium partner, says RHB Research

<p>Analysts believe Capital A Bhd's proposed restructuring plan will help the group exit the Practice Note 17 (PN17) status and enhance its competitiveness, as well as provide benefits to AirAsia X Bhd's (AAX) shareholders in terms of free warrants and improved company valuation post restructuring.</p>


Analysts positive restructuring plan will uplift Capital A's PN17 status, benefit AirAsia X shareholders

<p>Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.</p>


Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


SC adds four entities to Investor Alert List, two being potential clones

<p>The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.</p>


Merger of airlines alone enough to reverse all of Capital A's negative equity, says Fernandes

<p>Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.</p>


ViTrox shares on pace for worst day in 18 months as 1Q disappoints

<p>Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.</p>


Asia’s richest banker loses US$1.2 bil after RBI ban

<p>Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.</p>


Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

<p>RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.</p>


YTL Corp eyeing to extend upside movement, says RHB Retail Research 

<p>Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.</p>


Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

<p>The country’s&nbsp;fifth-generation (5G) network&nbsp;adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.</p>


Fahmi: 5G adoption rate almost 36%, coverage 80.3%, second network unveiling next week

<p>RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.</p>


VS Industry poised to continue bullish trajectory, says RHB Retail Research 

<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>

<p>China’s upstart electric brands, and even its state-owned, legacy automakers, are racing to pack technology and features once considered premium into electric vehicles (EVs) as cheap as US$20,000 (RM95,525) — less than half the cost of an average new car in the US, now more than US$48,000.</p>


Battle for 'tech luxury' in China as EVs get smarter — and cheaper

<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>


World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

<p>Anyone called in by the Malaysian Anti-Corruption Commission (MACC), either as a witness or subject of investigation, is given ample opportunity to provide additional, detailed information as they please, and this includes imprisoned former prime minister Datuk Seri Najib Razak.</p>


MACC officer says Najib given ample opportunity to elaborate while statements were recorded

<p>Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report&nbsp;alleging that the government is planning to issue&nbsp;a licence for a casino in&nbsp;Forest City, Johor, to take necessary action&nbsp;against the foreign news agency.</p>


Anwar wants action taken against Forest City casino licence news report

<p>The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.</p>


Tesla fires back at investor who doesn’t want pay fight in Texas

<p>Pavilion Real Estate Investment Trust rose to its highest in more than a month&nbsp;after the release of its first-quarter results, while analysts expect the REIT, which mainly manages shopping malls, to benefit further from higher tourist arrivals.</p>
