<div>This article first appeared in <em>The Edge Financial Daily,</em> on September 21, 2016.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Johan Holdings Bhd (+ve)</strong>&nbsp;&nbsp;<img alt="Red Flag" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/red_flag.png" style="height:15px; width:13px" /></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Johan Holdings Bhd (fundamental: 0.2/3, valuation: 0.9/3), which triggered our momentum algorithm yesterday for the third time, was highlighted as a “red-flag” stock with momentum by our proprietary algorithm, suggesting that investors should exercise extra caution while trading in its shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The stock closed up two sen at 16.5 sen yesterday, after 8.74 million shares were traded, compared with its 200-day average volume of 463,131 shares.</p></div>

<div class=newsTextDataWrapInner><p>The company, the franchise operator of Diners Club charge and credit cards, also has interests in travel and tours, manufacture of ceramic walls and floor tiles, property development, resorts and hotels.</p></div>

<div class=newsTextDataWrapInner><p>For the first financial quarter ended April 30, 2016 (1QFY17), Johan’s net loss widened to RM5.76 million from a net loss of RM3.96 million a year ago due to losses on its hospitality business.</p></div>

<div class=newsTextDataWrapInner><p>Revenue for 1QFY17 fell 22.7% to RM42.86 million on lower revenue across all segments.</p></div>

<div class=newsTextDataWrapInner><p>At the current share price, Johan is trading at 0.5 times its book value.</p></div>


This article first appeared in The Edge Financial Daily, on September 21, 2016.

 

Johan Holdings Bhd (+ve)

Stock With Momentum: Johan Holdings

Bank of England (BOE) chief economist Huw Pill said he is erring on the side of caution in deciding when to cut UK interest rates, saying officials need to remain on guard for risks that inflation persists.

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China launched its harshest attack to date on US complaints about industrial overcapacity, signalling that Secretary of State Antony Blinken may be in for some difficult conversations during his visit this week.

The US accusation contains “the malicious intention of curbing and suppressing China’s industrial development, aiming to seek a more favourable competitive position and market advantage”, a Chinese diplomat said at a recent briefing, according to a Foreign Ministry statement released on Tuesday.

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<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>


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<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>


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<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>


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<p>ATX Semiconductor Group, a globally renowned semiconductor provider from China, intends to ramp up investment to US$200 million (RM952 million) for its new manufacturing plant in Melaka over the next five years for its second-phase business expansion.</p>


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<p>Swatch Group (M) Sdn Bhd&nbsp;said the seizure of its 172 rainbow-themed watches had caused much grief to its international reputation, as the renowned Swiss watch maker had always been dutiful citizens of any state where the watches were sold.</p>


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<p>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.&nbsp;</p>


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<h3><strong><span style="color:#d35400;">MyEG Services Bhd</span></strong></h3>

<p>Target price: <strong>RM1.15 <span style="color:#27ae60;">ADD</span></strong></p>

<div class="mt-3 imgw-300 embed-right"><a class="mobx embedimg-icon" data-desc="xxx" data-rel="ceolightbox" href="//myassets.thee...

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<p>Bursa Malaysia continued its upbeat momentum to end higher for the fifth consecutive day on Tuesday, thanks to buying from local and foreign institutions, said an analyst.&nbsp;</p>


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