<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on November 28, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>Pinehill Pacific Bhd (+ve)</strong><br />
Trading of shares in plantation player Pinehill Pacific Bhd (fundamental: 0.15/3, valuation: 0.9/3), triggered our momentum algorithm yesterday for the first time this year.</p></div>

<div class=newsTextDataWrapInner><p>The stock rose 7.5 sen or 20.27% to close at 44.5 sen after 6.11 million shares were crossed, 35 times its 200-day average trading volume of 174,763 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Pinehill turned in a net profit of RM107.35 million against a revenue of RM1.16 million for the first quarter ended Sept 30, 2019. This compares to a net loss of RM7.08 million on revenue of RM5.3 million for the same quarter last year.</p></div>

<div class=newsTextDataWrapInner><p>The company said its earnings for the quarter included a one-off gain from sale of subsidiaries’ plantation assets of RM154.4 million, besides lower depreciation, amortisation and finance costs.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


Pinehill Pacific Bhd (+ve)
Trading of shares in plantation player Pinehill Pacific Bhd (fundamental: 0.15/3, valuation: 0.9/3), triggered our momentum algorithm yesterday for the first time this year.

The stock rose 7.5 sen or 20.27% to close at 44.5 sen after 6....

Stock With Momentum: Pinehill Pacific

KUALA LUMPUR (April 24): Rakuten Trade said Nationgate Holdings Bhd may extend it upward trajectory after breaking out from its one-month rectangular pattern yesterday.

In a technical view note on Wednesday, the research house said that in view of the stock bouncing off the 20-day expon...

Nationgate may extend upward trajectory, says Rakuten Trade 

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In a trading stocks note on Wednesday, the research house said that as such, the bullish momentum may...

Censof observing a technical breakout, says RHB Retail Research 

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In a trading stocks note on Wednesday, the research house said that the bullish ...

YBS International set to resume uptrend, says RHB Retail Research 

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Mergers and acquisitions (M&A) activities fell to the lowest in a decade in 2023. According to the “Global M&A Report” published by Bain & Co, the total M&A market fell by 15% year on year last year to US$3.2 trillion, the lowest in a decade.

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The investment banking giant reported first-quarter earnings last week that included a massive profit beat, which one analyst heralded as a “near-p...

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The three-nanome...

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IBM and HashiCorp could reach an agreement as soon as Wednesday, said the people, who asked not to be identified discussin...

IBM is in advanced talks to acquire software provider HashiCorp

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(April 24): This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.

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<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

<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

<p>The fatal collision between two Royal Malaysian Navy helicopters that killed 10 personnel abroad could be due to a failure in the critical points of the aircraft structure, aviation expert Assoc Prof Maj Dr Mohd Harridon Mohamed Suffian said.</p>


Critical point failure could’ve led to fatal Lumut chopper crash, says expert

<p>The Malaysian Oil, Gas &amp; Energy Services Council (MOGSC) has called on oil and gas (O&amp;G) stakeholders, especially financial institutions, not to write off O&amp;G services and equipment (OGSE) players in the energy transition agenda, as they still have a role to play.</p>


Don't forget O&G services and equipment players in energy transition agenda, says industry association

<p>Chin Hin Group Bhd’s conditional mandatory takeover offer to acquire the remaining shares it does not own in Signature International Bhd has turned unconditional, after it aggregated more than 50% of the voting shares.</p>


Chin Hin's MGO for Signature International turns unconditional as shareholding surpasses 50%

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EVENING 5: Five things you need to know today

<p>KUALA LUMPUR (April 23): DXN Holdings Bhd posted a 43.23% rise in net profit to RM79.02 million for its fourth quarter ended Feb 29, 2024 (4QFY2024), from RM55.17 million a year ago, on the back of higher revenue.</p>

<p>Earnings per share rose to 1.59 sen from 1.14 sen, according to the healt...

DXN’s 4Q net profit up 43%, seeks to expand market presence in Brazil

<p>The M503-3 Maritime Operations Helicopter (HOM) that was involved in a crash Tuesday morning was used for the first time in the flyby for the 90th Royal Malaysian Navy (TLDM) Anniversary parade.</p>


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<p>Sarawak’s strategic alliances with the UK's leading industry partners in the development of compound semiconductors will drive innovation to increase the capability of microchips to power new technologies and applications, said Sarawak Premier Tan Sri Abang Johari Tun Openg.</p>


Sarawak eyeing partnership with UK companies to boost semicon capabilities

<p>KOTA KINABALU (April 23): The Kibing Group has successfully exported its inaugural batch of solar glass manufactured in Sabah, totalling 672 tonnes, to Cambodia last Sunday (April 21).&nbsp;</p>


Kibing Group exports 672 tonnes of Sabah’s first batch of solar glass to Cambodia

<p>Inta Bina Group Bhd has bagged a contract worth RM169.67 million to develop a serviced apartment project in Country Heights.</p>


Inta Bina bags RM170m serviced apartment job in Country Heights

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<p>Tesla kicked off the earnings cycle for technology heavyweights after markets c...

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<p>KOTA KINABALU (April 23):&nbsp;The Sabah government has not imposed state sales tax&nbsp;and the Royal Malaysian Customs Department has also not levied export duties on gold taken out of Sabah to Peninsular Malaysia, the Sabah State Legislative Assembly was told on Tuesday.</p>


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<p>KOTA KINABALU (April 23):&nbsp;A total compensation of RM651 million has been paid to 1,591 landowners and stakeholders involved in the construction of the Pan Borneo Highway project in Sabah.</p>


RM651 mil compensation paid to landowners involved in Sabah’s Pan Borneo Highway

<p>NEW YORK/LONDON (April 24): Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the U.S. megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.</p>

<p>Treasury yields dipped after data showed U.S. business activity cooled to ...

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<p>Office furniture maker AHB Holdings Bhd’s foray into the electric vehicles (EV) business has encountered a setback as its planned acquisition of a 51% stake in automotive distributor CAF Motor Sdn Bhd was mutually terminated.</p>


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