<div>This article first appeared in<em> The Edge Financial Daily,</em> on April 10, 2017.<br />
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<div class=newsTextDataWrapInner><p><strong>Majuperak Holdings Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Majuperak Holdings Bhd (fundamental: 1.25/3, valuation:2/3), which triggered our momentum algorithm last Friday, closed 3.5 sen or 9.59% higher at 40 sen.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Last Thursday, the property developer announced it was disposing of two plots of leasehold agricultural land measuring 664.78 acres (269ha) in Kinta, Perak for RM17.72 million cash.</p></div>

<div class=newsTextDataWrapInner><p>The plots are being sold by Majuperak’s wholly-owned subsidiary, Syarikat Majuperak Bhd, via open tender to Wawasan Amanjaya Sdn Bhd, which will use it for an integrated farming project.</p></div>

<div class=newsTextDataWrapInner><p>The net book value of the asset was listed as RM81,817 as at Dec 31, 2016.</p></div>

<div class=newsTextDataWrapInner><p>Majuperak said it will use the proceeds from the sale for group working capital, it added, and to finance its various property development projects in Perak.</p></div>

<div class=newsTextDataWrapInner><p>The stock saw some 4.96 million shares traded last Friday. Its latest price gives it a market capitalisation of RM79.4 million.</p></div>


This article first appeared in The Edge Financial Daily, on April 10, 2017.

 

Majuperak Holdings Bhd (-ve)

SHARES in Majuperak Holdings Bhd (fundamental: 1.25/3, valuation:2/3), which triggered our momentum algorithm last Frida...

Stock With Momentum: Majuperak Holdings

(April 25): Binance co-founder Changpeng Zhao is facing up to three years in prison, if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.

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The resolution underscored that countries are ...

Russia blocks US bid to reaffirm nuclear-arms ban in space

NEW YORK (April 25): Benchmark S&P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.

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WOLVERHAMPTON, England (April 25): Bournemouth snapped a three-game winless run in the Premier League with a 1-0 victory at former manager Gary O'Neil's Wolverhampton Wanderers on Wednesday courtesy of a first-half strike from Antoine Semenyo.

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LONDON (April 25): Crystal Palace made absolutely sure of Premier League safety with an impressive 2-0 home defeat of Newcastle United on Wednesday with both goals scored by Jean-Philippe Mateta.

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MANCHESTER (April 25): Manchester United captain Bruno Fernandes came to his side's rescue with two goals in a 4-2 home victory over the Premier League's bottom club Sheffield United on Wednesday just when more trouble loomed for beleaguered manager Erik ten Hag.

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LIVERPOOL, England (April 25): Everton's Jarrad Branthwaite and Dominic Calvert-Lewin scored in a pulsating 2-0 home victory over Liverpool in the Merseyside derby on Wednesday that could prove to be the death of the visitors' withering Premier League title hopes.

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<p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p>

<p>Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co, the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 sq m (28,111 sq ft) house in the country’s Bin Tong Park enclave, according to a property record seen by <em>Bloomberg News.</em></p>


Chinese metal tycoon’s heir buys US$62m Singapore mansion

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


KLCCP, Suria Capital, Capital A, Calsberg, Hibiscus Petroleum, Chin Hin, OCR, Fajarbaru, I-Bhd, Farm Price, United Plantations, AME REIT, Axis REIT, MyEG

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Fajarbaru Builder bags RM252m construction job in Johor Bahru from WCT

<p>Hibiscus Petroleum Bhd said it has completed the drilling of the Bunga Aster-1 exploration well and is expecting its first oil production to begin in May.</p>


Hibiscus Petroleum completes drilling at Bunga Aster-1 well, first oil production set for next month

<p>(April 25): A disappointing earnings report from Meta Platforms Inc. has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.</p>

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Suria KLCC shrugs off competition from new malls, with occupancy rate hitting 98% at end-2023

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Suria Capital’s Sabah Ports ropes in Dubai’s DP World to manage Sapangar Bay Container Port

<p>United Plantations Bhd’s (UP) net profit grew 18.54% year-on-year to RM132.87 million for the first quarter ended March 31, 2024 (1QFY2024), mainly due to a sharp drop in finance cost, on the back of slightly higher revenue, thanks to higher crude palm oil (CPO) and palm kernel (PK) prices.</p>


United Plantations kicks off FY2024 on positive note as 1Q profit rises 18.5%

<p>Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity.</p>


Eden's major shareholder proposes land transfer to settle RM45.65m debt owed to company

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<p>GXBank, Malaysia’s first digital bank, said it plans to establish a regional centre of excellence (COE) for shared services in Malaysia, serving Grab-led digital banks and financial and operational services in the region.</p>


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<p>(April 24):&nbsp;Firms making up more than half of Asia’s stock market value are vulnerable to deforestation, species loss and other nature-related risks, according to a new report, as governments ramp up regulations and industries continue to deplete the planet’s resources.</p>


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<p>The prosecution succeeded in its appeal at the Federal Court on Wednesday to forfeit RM1,112,700 from 79 investors involved in an illegal deposit-taking scheme.</p>


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<p>The yen fell on Wednesday to its weakest levels against the dollar since 1990, with markets alert to any signs of intervention from the Japanese authorities to prop up their currency.</p>


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<p>US President Joe Biden’s recent polling bump in key battleground states has mostly evaporated, as a deep current of pessimism about the trajectory of the US economy hurts his standing with voters.</p>


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<p>The High Court here on Wednesday dismissed a judicial review application by Musang King durian planters around Raub to challenge the Pahang government's decision to issue eviction notices against them.</p>


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<p>TikTok's chief executive said on Wednesday that the company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said would ban the popular short video app used by 170 million Americans.</p>


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<p>KUALA LUMPUR (April 24): Sapura Industrial Bhd plans to collaborate with Mili Tech Sdn Bhd on feasibility studies for electrified vehicle (EV) products and potentially establish a joint venture (JV) business in Malaysia.</p>


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<p>KUALA LUMPUR (April 24): AME Real Estate Investment Trust (AME REIT) recorded a 11.9% growth in net property income (NPI) in the fourth quarter ended March 31, 2024 (4QFY2024) to RM11.4 million, from the previous corresponding quarter, driven by a 15.9% increase in rental income.</p>


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<p>Jiankun International Bhd has inked a memorandum of understanding (MOU) with Micro Energy Holdings (M) Sdn Bhd to equip one of its residential developments named Taman Panchor Jaya in Nibong Tebal, Penang, with solar photovoltaic (PV) systems.</p>
