<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on June 12, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>Revenue Group Bhd (-ve)</strong><br />
Trading of shares in Revenue Group Bhd (fundamental: N/A/3, valuation: N/A/3) triggered our momentum algorithm yesterday for the first time this year.</p></div>

<div class=newsTextDataWrapInner><p>The stock gained three sen or 2.38% at RM1.29 yesterday, with some 1.4 million shares traded, higher than its 200-day average volume of 3.6 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Notably, the stock has surged more than three times from its initial public offering price of 37 sen on July 18 last year.</p></div>

<div class=newsTextDataWrapInner><p>Revenue’s net profit jumped 40.38% to RM2.54 million in the third quarter ended March 31, 2019, from RM1.81 million last year due to higher revenue thanks to higher sales of electronic data capture terminals to the group’s customers.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue nearly doubled to RM15.52 million, from RM7.94 million a year ago. For the cumulative nine months of financial year ending 2019, its net profit climbed 33.75% to RM6.85 million.</p></div>


Revenue Group Bhd (-ve)
Trading of shares in Revenue Group Bhd (fundamental: N/A/3, valuation: N/A/3) triggered our momentum algorithm yesterday for the first time this year.

The stock gained three sen or 2.38% at RM1.29 yesterday, with some 1.4 million shares tr...

Stock With Momentum: Revenue Group

The ruling coalition government is drafting a memorandum of understanding (MOU) to facilitate the channelling of fund allocations to Opposition MPs.

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TikTok is heading to its moment of truth in Washington, with Congress on a fast track to approve a bill aimed at forcing the social-media platform’s Chinese parent ByteDance Ltdon  to divest its controversial ownership stake.

TikTok faces Washington reckoning as divest-or-ban vote gets closer

The new water tariff for domestic users in Perak has been set at 75 sen per cubic metre, compared with the previous 70 sen, effective May 1.

New water tariff for Perak users kicks in May 1 — MB's Office

Australian employment unexpectedly fell in March and the jobless rate edged higher, unwinding some of the huge upside surprise of the prior month and reflecting restrictive settings of monetary policy.

Australian jobs surprisingly fall, giving RBA scope for patience

Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.

Sin-Kung Logistics launches ACE Market IPO to raise RM39.5 mil

Feytech Holdings Berhad (Feytech) has entered into an underwriting agreement with TA Securities Holdings Berhad and AmInvestment Bank Berhad (joint underwriters) for the company’s Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad.

Feytech inks underwriting agreement with TA Securities, AmInvestment en route to Main Market IPO  

China Tianrui Group Cement Co said a sudden drop in its stock last week triggered a margin call involving a major shareholder, explaining the dynamic behind a dramatic plunge that wiped out nearly all of its market value.

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Las Vegas Sands Corp said renovations at an entertainment centre and a hotel in Macau will crimp results this year, sending the shares lower in extended trading.

The casino and resort company closed its Cotai Arena in January for US$200 million (RM957.49 million)in renovations.

Sands says US$200 mil renovations at Macau casino will affect results this year

Football managers were once as dispensable as autumn leaves. Manchester City — a very different club pre-takeover — had five, including two caretakers, in a single season and became the butt of jokes. One of them had chairman Francis Lee encountering an old lady struggling with her shopping bags....

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Warren Buffett’s Berkshire Hathaway Inc priced ¥263.3 billion (RM8.2 billion) of bonds in the firm’s largest yen debt deal since its debut sale in the currency in 2019, raising bets it may boost holdings of Japanese stocks.

Berkshire sells ¥263.3b of bonds with tighter spreads

<p>Shares of PIE Industrial Bhd extended its rally to a new all-time high on Thursday, after Kenanga Investment Bank flagged that the electronic services firm has secured a new client that will take up the entirety of its largest facility.</p>


PIE Industrial extends rally to new all-time high as Kenanga flags new client

<p>The Malaysian aviation industry may be badly impacted on passenger traffic and spikes in jet fuel prices if a full-blown war results from escalating geopolitical tensions in the Middle East, according to Maybank Investment Bank Research (Maybank IB).</p>


Malaysia's aviation industry at risk amid full-blown crisis in the Middle East — Maybank IB

<p>President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.</p>


Biden calls China ‘xenophobic’, ramping up 2024 campaign rhetoric

<p>Alphabet Inc’s Google has put more than two dozen employees on immediate administrative leave after they were involved in protests against Project Nimbus, a US$1.2 billion (RM5.7 billion) joint contract with Amazon.com Inc to provide the Israeli government with AI and cloud services.</p>


Google fires workers protesting US$1.2b Israeli contract

<p>The race for the “world’s best airport” crown has been a two-horse affair in recent years, with Doha’s Hamad International and Singapore Changi leading the pack.</p>


Singapore loses ‘world’s best airport’ crown to Qatar

<p>The Unity Government Leadership Consultative Council meeting agreed that the government must act firmly and not compromise against extreme actions that can jeopardise the country’s stability.</p>

<p>Unity Government Secretariat chief Dr Asyraf Wajdi Dusuki said the matter was decided at Wednesday’s Unity Government Leadership Consultative Council meeting at Seri Perdana, Putrajaya.</p>


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<p>Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.</p>


Asian stocks mixed as soaring dollar pauses

<p>Hong Leong Investment Bank (HLIB) research said Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cyber security solutions post-passage of the cyber security bill which was passed in Dewan Rakyat on April 3.</p>


HLIB: Cloudpoint well positioned to capitalise burgeoning demand for cyber security solutions

<p>Alphabet-owned Google&nbsp;is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.</p>


Google lays off employees, shifts some roles abroad amid cost cuts

<p>Apple Inc chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive Southeast Asia tour in years, searching for new growth markets and manufacturing locations to offset headwinds in China.</p>


Apple CEO to meet Singapore leader to wrap whirlwind Asia tour

<p>The stock market saw its longest losing streak since January as a handful of big techs sold off — despite a slide in bond yields.</p>


S&P 500 suffers its longest slide since January

<p>Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental income.</p>


Analysts remain sanguine on IGB REIT’s prospects going forward

<p>Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).</p>


Stop buying gold ETF as prices may correct — Philip Capital

<p>Feytech Holdings Berhad (Feytech) has entered into an underwriting agreement with TA Securities Holdings Berhad and AmInvestment Bank Berhad (joint underwriters) for the company’s Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad.</p>


<p>Federal Reserve Bank of Cleveland president Loretta Mester said monetary policy is in a good place, adding that the central bank shouldn’t be in a hurry to cut interest rates.</p>


Mester says US Fed can hold rates steady, not in a hurry to cut

<p>Asian central banks’ need for assertive defense of their currencies is driving traders to turn less dovish on monetary policies in the region.</p>


Slower US Fed pivot weakens rate-cut bets across emerging Asia

<p>The ringgit extended Wednesday’s gains to open higher against the US dollar on Thursday as the greenback retreated from multi-month highs after a pullback in US Treasury yields, said an analyst.&nbsp;</p>


Ringgit extends gains against US dollar at opening

<p>Bursa Malaysia opened slightly lower on Thursday but moved up thereafter. &nbsp;</p>


Bursa turns positive in early trade after opening lower

<p>RHB Retail Research said Marine &amp; General Bhd is set for an uptrend reversal after undergoing a bullish breakout above the 28 sen resistance on Wednesday, on strong trading volume.</p>


Marine & General set for uptrend reversal, says RHB Retail Research 

<p>Indonesia's economy was primed for monetary easing later this year, but an unwelcome plunge in its currency is complicating matters for Bank Indonesia and could force it to grudgingly raise rates as early as next week.</p>
