<div>This article first appeared in <em>The Edge Financial Daily</em>, on September 14, 2016.<br />
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<div class=newsTextDataWrapInner><p><strong>Mycron Steel Bhd(-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Mycron Steel Bhd (fundamental: 1/3, valuation: 1.7/3), which gained 12 sen or 15.3% to close at its mutiple-year high of 90.5 sen yesterday, triggered our momentum algorithm for the third time this month.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Some 12.83 million shares changed hands, compared with its 200-day average trading volume of 1.63 million shares.</p></div>

<div class=newsTextDataWrapInner><p>It was slapped with an unusual market activity query last Friday after its share price leapt 34.5 sen or 76.7% since early this month. However, the company said it wasn’t aware of any reason that could account for the share price spike.</p></div>

<div class=newsTextDataWrapInner><p>In the financial year ended June 30, 2016, Mycron’s earnings doubled to RM24.18 million from RM11.68 million a year ago, while revenue rose 9.4% to RM566.81 million.</p></div>

<div class=newsTextDataWrapInner><p>Mycron currently trades at 0.78 times its book value.</p></div>


This article first appeared in The Edge Financial Daily, on September 14, 2016.

 

Mycron Steel Bhd(-ve)

SHARES in Mycron Steel Bhd (fundamental: 1/3, valuation: 1.7/3), which gained 12 sen or 15.3% to close at its mutiple-year ...

Stock With Momentum: Mycron Steel

HULU SELANGOR (April 26): The Election Commission is actively making final preparations to ensure a smooth nomination process for the Kuala Kubu Baharu by-election on Saturday (April 27).

Kuala Kubu Baharu polls: Nomination day preparations 90% complete

The chairman of Vietnam's parliament Vuong Dinh Hue has resigned over his "violations and shortcomings", its government said on Friday, in a new sign of political turbulence just weeks after the high-profile dismissal of the country's president.

Vietnam parliament chief quits over 'violations' in latest leadership upheaval

Shares in ViTrox Corp Bhd fell to their lowest in a month, as first-quarter results disappointed investors, while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

ViTrox fell as much as 6% before ending the day at RM7.40, its lowest since March 26, 2024. The stock was still down a little under 3% at the closing bell after 5.29 million shares changed hands. In contrast, the country’s benchmark index FBM KLCI was 0.4% higher.

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SEPANG (April 26): A good airline company management can provide substantial wages to employees, commensurate with their services, said Prime Minister Datuk Seri Anwar Ibrahim.

PM: Good management can provide substantial wages to employees

Global manufacturing activity recovery had seen a gradual improvement in late 2023, and is expected to continue into 2024, although it remained in contractionary territory after two years of downturn.

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Shares of AirAsia X Bhd (AAX) rose to a six-month high as investors cheered a restructuring plan that would make the company the largest low-cost carrier in Southeast Asia.

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The Employees Provident Fund (EPF) has announced the implementation of Account 3, named Flexible Account, from May 11.

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The debt crisis at Thames Water is jeopardising £100 billion (RM592.09 billion) of potential investment required over the next five years to mend Britain’s crumbling utilities infrastructure.

Thames Water crisis puts £100 bil UK investment plan at risk

Voice TV, a television station owned by former Prime Minister Thaksin Shinawatra’s family, is set to cease operations next month and lay off about 200 employees including journalists, local media Thai PBS reported.

Thaksin-linked TV station to cease operations — report

BERN (April 26): Climate campaigners picketed the Swiss National Bank's (SNB) shareholders meeting on Friday to protest against the central bank's investments in companies they say damage the environment and carry out fracking.

Climate groups picket Swiss National Bank's shareholder meeting over its investments

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

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<p>The Inland Revenue Board (IRB) has extended the deadline for non-business taxpayers to submit their tax return form for the year of assessment 2023 via e-Filing from April 30 to May 15.</p>


e-Filing: Tax return form submission deadline extended to May 15 for non-business taxpayers

<p>Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.</p>


Berjaya Corp denies participation in talks to revive Forest City casino resort

<p>Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday.</p>


Maxis could lead second 5G network roll-out with new consortium partner, says RHB Research

<p>Analysts believe Capital A Bhd's proposed restructuring plan will help the group exit the Practice Note 17 (PN17) status and enhance its competitiveness, as well as provide benefits to AirAsia X Bhd's (AAX) shareholders in terms of free warrants and improved company valuation post restructuring.</p>


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<p>Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.</p>


Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

<p>The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.</p>


Merger of airlines alone enough to reverse all of Capital A's negative equity, says Fernandes

<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


SC adds four entities to Investor Alert List, two being potential clones

<p>Shares in ViTrox Corp Bhd fell to their lowest in a month, as first-quarter results disappointed investors, while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.</p>

<p>ViTrox fell as much as 6% before ending the day at RM7.40, its lowest since March 26, 2024. The stock was still down a little under 3% at the closing bell after 5.29 million shares changed hands. In contrast, the country’s benchmark index FBM KLCI was 0.4% higher.</p>


<p>Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.</p>


Asia’s richest banker loses US$1.2 bil after RBI ban

<p>RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.</p>


YTL Corp eyeing to extend upside movement, says RHB Retail Research 

<p>Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.</p>


Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

<p>The country’s&nbsp;fifth-generation (5G) network&nbsp;adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.</p>


Fahmi: 5G adoption rate almost 36%, coverage 80.3%, second network unveiling next week

<p>RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.</p>


VS Industry poised to continue bullish trajectory, says RHB Retail Research 

<p>Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report&nbsp;alleging that the government is planning to issue&nbsp;a licence for a casino in&nbsp;Forest City, Johor, to take necessary action&nbsp;against the foreign news agency.</p>


Anwar wants action taken against Forest City casino licence news report

<p>Malayan Banking Bhd (Maybank) has obtained a summary judgement at the High Court here against ACE Credit (M) Sdn Bhd, ACE Corporation (M) Sdn Bhd, and the company directors Datuk Choong Chee Meng and Chang Ai Nee, for defaulting on a RM46.47 million loan given to them by the bank.</p>


Maybank obtains summary judgement against ACE Corporation, three others for RM46m loan default

<p>The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.</p>


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<p>The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.</p>

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<p>The Malaysian Anti-Corruption Commission (MACC) has given businessmen Mirzan Mahathir and Tan Sri Mokhzani Mahathir a 30-day extension from Friday to declare their assets to the anti-graft body.</p>


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<p>Pavilion Real Estate Investment Trust rose to its highest in more than a month&nbsp;after the release of its first-quarter results, while analysts expect the REIT, which mainly manages shopping malls, to benefit further from higher tourist arrivals.</p>
