<div>This article first appeared in <em>The Edge Financial Daily,</em> on March 13, 2017.<br />
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<div class=newsTextDataWrapInner><p><strong>Hwa Tai Industries Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Hwa Tai Industries Bhd (fundamental: 1.15/3, valuation: 0.3/3) triggered our momentum algorithm last Friday for the first time this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The stock closed up 6.5 sen or 12.15% at 60 sen last Friday, with a volume of 2.44 million shares traded, exceeding the counter’s 200-day average volume of 204,505 shares.</p></div>

<div class=newsTextDataWrapInner><p>Its market capitalisation stood at RM44.9 million.</p></div>

<div class=newsTextDataWrapInner><p>For the financial year ended Dec 31, 2016 (FY16), Hwa Tai saw its net profit rise 17.4% to RM378,000 from RM322,000 in FY15, while revenue slipped 4.8% to RM63.17 million from RM66.3 million in FY15.</p></div>

<div class=newsTextDataWrapInner><p>At the current share price, Hwa Tai is trading at 1.44 times its book value.</p></div>


This article first appeared in The Edge Financial Daily, on March 13, 2017.

 

Hwa Tai Industries Bhd (-ve)

SHARES in Hwa Tai Industries Bhd (fundamental: 1.15/3, valuation: 0.3/3) triggered our momentum algorithm last Friday fo...

Stock With Momentum: Hwa Tai Industries

The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Tun Dr Mahathir Mohamad is among individuals under investigation by the commission.

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Barclays reported a 12% fall in first quarter profit on Thursday, as a squeeze on UK mortgage pricing, lower income from trading and a drought of M&A fees showed the difficulties it will face in delivering its first strategic revamp in a decade.

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Mega First shares likely peaked; Maybank IB the first to downgrade stock

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<p>His lawyer Chetan Jethwani said that Court of Appeal deputy registrar Muhammad Noor Firdaus Rosli informed the parties of the matter on Thursday morning during case management.</p>


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