<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily,</em> on April 6, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><strong>Protasco Bhd (+ve)</strong><br />
SHARES of Protasco Bhd (fundamental: 1.3/3; valuation: 1.4/3) triggered our momentum algorithm for the first time yesterday. The counter rose as much as 4.4% or 7 sen to RM1.66, before easing a little to settle at RM1.65, up 6 sen or 3.8%.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It saw 10.61 million shares traded, compared with its 200-day average of 1.03 million. The counter has risen 16.2% from the RM1.42 seen on March 9.</p></div>

<div class=newsTextDataWrapInner><p>Protasco secured a 10-year extension for its maintenance work concession for the Peninsular Federal Road from the government last month. The concession is expected to contribute positively to Protasco for the financial year ending Dec 31, 2016 (FY16).</p></div>

<div class=newsTextDataWrapInner><p>It returned to black in FY15 with a net profit of RM66.24 million compared to a net loss of RM46.44 million in FY14, while revenue rose 21.7% to RM1.29 billion from RM1.06 billion.</p></div>

<div class=newsTextDataWrapInner><p>The stock currently trades at a trailing 12-month P/E of 8.07 times and is at 1.47 times its book value. Its trailing 12-month dividend yield is at 5.02%.</p></div>

<div class=newsTextDataWrapInner><p><img alt="Protasco_SWM_FD_6April2016_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/Protasco_SWM_FD_6April2016_theedgemarkets.png" /></p></div>


This article first appeared in The Edge Financial Daily, on April 6, 2016.

 

Protasco Bhd (+ve)
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The Nasdaq and the S&P 500 closed sharply lower on Friday and Treasury yields dipped as investors juggled lacklustre earnings, uncertainties surrounding central bank policy and geopolitical strife.

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<p>KUALA LUMPUR (April 19): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:</p>

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<p>Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.</p>


<p>The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.</p>


Enegem: Malaysia edges closer to RE exports

<p>All travellers entering or leaving Singapore carrying Physical Currency and Bearer Negotiable Instruments (CBNI) that are valued more than S$20,000 or its equivalent in a foreign currency, must submit the necessary declarations electronically with effect from May 13.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim arrived in Kota Kinabalu on Friday night for a one-day working visit to the state.</p>

<p>Anwar's plane landed at Terminal Two, Kota Kinabalu International Airport at 11.40pm, where he was greeted by Chief Minister Datuk Seri Hajiji Noor.</p>


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<p>The Nasdaq and the S&amp;P 500 ended lower on Friday as Netflix shares weighed, but American Express (AmEx) kept the Dow afloat after quarterly earnings from both companies, while growing pessimism that the Federal Reserve (Fed) would cut interest rates soon also dented sentiment.</p>


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<p>Israel's apparent strike on Iran after days of vacillation was small and appeared calibrated to dial back risks of a major war, even if the sheer fact it happened at all shattered a taboo of direct attacks that Tehran broke days earlier.</p>

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<p>Attention this week will be on the March inflation rate, with the <strong>Department of Statistics Malaysia</strong> (DOSM) slated to put out <strong>Consumer Price Index</strong> (CPI) — the key gauge for inflation — data on Thursday.</p>

<p>Inflation edged up by a higher-than-expected 1.8% i...

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<p>The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International Monetary Fund's Japan mission chief Nada Choueiri said on Friday.</p>


IMF urges Bank of Japan to tread cautiously in raising interest rates

<p>A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.</p>


<p>The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.</p>


<p>A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.</p>


<p>Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".</p>


<p>Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.</p>


<p>The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.</p>
