<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on August 23, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>JAKS Resources Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>JAKS Resources Bhd (fundamental: 0.80/3, valuation: 1.1/3), which fell half a sen or 0.61% to close at 81.5 sen yesterday, made it into our Stocks with Momentum list for the first time since it last did in February 2018.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>At the closing bell, Jaks Resources recorded a trading volume of 43.23 million shares, four times more than its 200-day average of 10.2 million shares.</p></div>

<div class=newsTextDataWrapInner><p>Jaks Resources on Wednesday announced a tripling of its net profit to RM37.29 million for its second quarter ended June 30, 2019, from RM12.74 million in the year-ago quarter, on higher earnings in its construction division, contributed by engineering, procurement, and construction works in Vietnam.</p></div>

<div class=newsTextDataWrapInner><p>The significantly larger revenue at its construction division helped lift quarterly revenue by 86% year-on-year to RM315.43 million, from RM169.99 million previously.</p></div>


JAKS Resources Bhd (-ve)

JAKS Resources Bhd (fundamental: 0.80/3, valuation: 1.1/3), which fell half a sen or 0.61% to close at 81.5 sen yesterday, made it into our Stocks with Momentum list for the first time since it last did in February 2018.

At the closing...

Stock With Momentum: JAKS Resources

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Kim said a seri...

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BERLIN (April 24): Prime Minister Rishi Sunak meets German Chancellor Olaf Scholz on Wednesday, a long-awaited trip to Berlin the British leader hopes will deepen security cooperation after he announced London's move to increase defence spending.

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Sapura Energy not out of the woods yet as large debts still in its way

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Crest Builder bags RM486m condominium project in Mont Kiara

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


KomarkCorp, Topmix, PavREIT, Axis REIT, KIP REIT, Cypark, Crest Builders, Capital A, Gadang, Haily, DXN, Inta Bina, Comfort Gloves, AHB

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Iskandar Malaysia’s RM636b investment target to help propel country into world's top 30 economies — PM

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KomarkCorp appeals against High Court's ruling that The Edge did not defame the company

<p>Comfort Gloves Bhd said there was a fire at the glove maker’s newly-built three storey warehouse and packing department in Taiping, Perak on Tuesday morning.</p>

<p>“The cause of the fire and the actual extent of the damage are currently still unknown, pending the completion of police investigations into the fire and issuance of their report,” the group said in a bourse filing.</p>


Comfort Gloves reports fire at new Taiping warehouse

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<p>In a bourse filing on Tuesday, the builder-cum-property developer...

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<p>While the opening of The Exchange TRX is anticipated to intensify competition in the malls sector, Pavilion Real Estate Investment Trust (PavREIT) said footfalls at its malls nearby — Pavillion KL and the connected Pavilion Elite — remain unaffected, and they are still enjoying over 95% occupancy rates.</p>


PavREIT says Pavilion KL, Elite's footfalls unaffected by opening of TRX mall

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<p class="thumb-cap">E...

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