<div class=newsTextDataWrapInner>This article first appeared in The Edge Financial Daily on December 17, 2019</div><div class=newsTextDataWrapInner>Kumpulan H &amp; L High-Tech Bhd (-ve) 
Kumpulan H &amp; L High-Tech Bhd (fundamental: 1.5/3, valuation: 2/3) made it into our Stocks with Momentum list yesterday for the first time this year.</div>

<div class=newsTextDataWrapInner>The counter closed five sen or 4.35% higher at RM1.20 after 7,400 shares were traded, exceeding its 200-day average volume of 1,137 shares. Year to date, its share price has gained 8.11% from RM1.11.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>The group’s net profit fell 53.6% to RM987,000 in the third quarter ended July 31, 2019, from RM2.13 million a year ago, as its manufacturing and property investment segments saw lower profit due to higher expenses. Its property development also recorded lower profit, while its plantation segment remained loss-making. Revenue for the quarter declined 12.6% to RM6.17 million from RM7.06 million.</div>

<div class=newsTextDataWrapInner>For its nine-month period, net profit sank 29.9% to RM2.69 million from RM3.84 million a year ago, while revenue declined 11.09% to RM16.86 million from RM18.96 million.</div>

Kumpulan H & L High-Tech Bhd (-ve)
Kumpulan H & L High-Tech Bhd (fundamental: 1.5/3, valuation: 2/3) made it into our Stocks with Momentum list yesterday for the first time this year.

The counter closed five sen or 4.35% higher at RM1.20 after 7,400 share...

Stock With Momentum: Kumpulan H & L High-Tech

MIDF Research expects crude palm oil (CPO) prices to moderate in the second quarter of 2024 (2Q2024), yet predicts a month-on-month (m-o-m) increase of 4.6% to RM4,410.5 per tonne in April due to mild El Niño events.

MIDF sees CPO price moderation in 2Q

A tumbling yen is spurring traders to game plan how much further Japan’s beleaguered currency can fall even with the specter of intervention looming.

Yen traders brace for 160 level as BOJ hints of intervention 

Britain’s unemployment rate rose unexpectedly to the highest in six months as the number of jobs in the economy shrank, an indication that the once red-hot labour market.

UK unemployment jumps to six-month high after economy cools

Apple Inc CEO Tim Cook said on Tuesday in Hanoi the US tech giant wanted to boost its investment in Vietnam, state media reported.

Apple wants to spend more on suppliers in Vietnam

Grant Bowers, a senior vice-president and portfolio manager at Franklin Equity Group, is excited about the healthcare and industrial sectors.

US healthcare stocks look attractive, says Franklin’s Bowers

Tesla's global job cuts are hitting China, the automaker's biggest market after the US, affecting staff in teams including sales, two sources briefed on the matter said.

Tesla global job cuts hit China sales team — Reuters

Vietnam's parliament has asked the government to investigate gold trading firms for possible market manipulation amid soaring domestic prices, state media reported on Tuesday.

Vietnam to probe gold traders for possible manipulation as prices soar

The Ministry of Transport (MOT) has not been informed of any corporate deal involving Malaysia's biggest port operator MMC Port Holdings Sdn Bhd, said its Minister Anthony Loke Siew Fook.

MOT unaware of potential MMC Port stake sale to foreign investors, says Loke

Microsoft Corp will invest US$1.5 billion (RM7.19 billion) in the United Arab Emirates’ top artificial intelligence firm, G42, bolstering the Abu Dhabi-based company’s commitment to scale back its presence in China.

Microsoft invests US$1.5b in UAE’s G42, will get board seat

Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).

Analysts positive on pilot green power exports to Singapore; name Tenaga, YTLP as top picks

The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to Forbes Asia.

Wealth of Malaysia’s 50 richest individuals on Forbes list rises 2% — Forbes Asia 

Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.

CIMB’s Abdul Rahman Ahmad returns to PNB as president, group chief executive

E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.

According to separate bourse filings from both companies on Tuesday, MyEG and HeiTech Padu have inked a teaming agreement for the collaboration.&nbsp;

MyEG, HeiTech Padu form partnership to collaborate on IT projects

CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.

CIMB says CEO Abdul Rahman Ahmad stepping down on June 30

Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.

AmInvestment sees Alliance Bank’s 4Q earnings jump by 37% y-o-y

Asian stocks sank and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected US retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.

Asian shares slide on US rate cut rethink, Middle East worries

The automotive industry is not exactly the place one would want to be in the next few years.

Competition among manufacturers of internal combustion engine vehicles, battery electric vehicles (EVs) and hybrid cars has been ongoing for more than a decade now. Last year, some certainty fin...

Alternative Views: Automotive industry feels heat from intensifying EV price war

Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.

What observers are saying as Singapore’s Lee paves way for next PM Wong

China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.

Iran able to 'handle situation' and spare Middle East more tension, China's foreign minister says

Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.

Carlo Rino files draft prospectus for listing transfer to ACE Market

Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;

Bursa ends morning session lower along with regional peers

The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.

Loke: Higher contract value awarded to HeiTech Padu due to longer extended duration

RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.

Cosmos Technology has confirmed bullish setup, says RHB Retail Research 

KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.

KTI Landmark inks underwriting deal with M&A Securities en route to ACE Market listing

Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.

Muhyiddin seeks five-judge bench to hear criminal charges review

RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.

Notion VTec aiming to extend upside movement — RHB Retail Research 

Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).

Shares of EP Manufacturing Bhd (EPMB) climbed on Tuesday and may be set for its best day in ten months after the auto parts maker signed a 10-year vehicle assembly deal with a Chinese carmaker.

EP Manufacturing shares chart best day in ten months after assembly deal

The Ministry of Transport (MOT) has not been informed of any corporate deal involving Malaysia's biggest port operator MMC Port Holdings Sdn Bhd, said its Minister Anthony Loke Siew Fook.

There is "no urgency" to cut US interest rates, Mary Daly, the president of the San Francisco Federal Reserve Bank, said on Monday, with the economy and labour market strong, and inflation still above the Fed's target of 2%.