<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on August 19, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>Radiant Globaltech Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>TRADING of shares in Radiant Globaltech Bhd (fundamental: N/A, valuation: N/A) triggered our momentum algorithm last Friday for the first time this year. Radiant Globaltech’s share price gained two sen to 25.5 sen last Friday. Some 5.59 million shares were traded, versus the counter’s 200-day average volume of 1.01 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group is principally involved in the provision of retail technology solutions and investment holdings.</p></div>

<div class=newsTextDataWrapInner><p>Last month, its unit Radiant Global ADC Sdn Bhd was awarded a contract worth RM20 million for the supply of retail technology hardware and provision of maintenance services for LG CNS Malaysia Sdn Bhd. The group said the tenure of the contract, which covers the deployment stage and the subsequent support and maintenance stage, was from August 2019 to February 2023.</p></div>

<div class=newsTextDataWrapInner><p>As of last Friday, Radiant Globaltech was trading at 2.26 times its net book value.</p></div>


Radiant Globaltech Bhd (+ve)

TRADING of shares in Radiant Globaltech Bhd (fundamental: N/A, valuation: N/A) triggered our momentum algorithm last Friday for the first time this year. Radiant Globaltech’s share price gained two sen to 25.5 sen last Friday. Some 5.59 mill...

Stock With Momentum: Radiant Globaltech

It has been a volatile and strange month in the markets. Gold prices crossed an all-time high of over US$2,400 per ounce after Iran launched 350 drones and missiles against Israel, having just crossed US$2,000 earlier in the month. The US 10-year Treasuries yield went back up to 4.6% per annum, w...

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<p>Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.</p>

<p>The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.</p>


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Bursa opens higher, tracking overnight Wall Street

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<p>Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.</p>


<p>RHB Retail Research said Censof Holdings Bhd is observing a technical breakout after climbing above the 26.5 sen immediate resistance on surging trading volume.</p>


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<p>The ringgit rebounded in early trade on Wednesday as the US dollar retreated after S&amp;P Purchasing Managers' Index (PMI) data disappoint.</p>


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<p>Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.</p>


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<p>Analysts predict a decline in earnings for Malaysian automotive companies in 2024, attributed to lower sales volumes and higher operating costs, coupled with the emergence of several Chinese original equipment manufacturers (OEMs) offering attractive pricing.</p>


<p>This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.</p>


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<p>Sunway Putra Hotel Kuala Lumpur marked the commencement of its lobby area refurbishment with a ground-breaking ceremony.</p>


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<p>Shares of construction and engineering contractor Crest Builder Holdings Bhd climbed on Wednesday after bagging a RM486 million condominium project in Mont Kiara.</p>
