<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on January 12, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><strong>Spring Gallery Bhd (+ve)</strong></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Shares in Spring Gallery Bhd (fundamental: 1.25/3, valuation: 0.30/3) triggered our momentum algorithm for the second time this year. This is after the counter surged 10.5 sen or 15.11% to 80 sen. The counter saw 35.63 million shares traded, compared with its 200-day average of 956,105 shares.</p></div>

<div class=newsTextDataWrapInner><p>The ceramics company was venturing into the property development sector last year.</p></div>

<div class=newsTextDataWrapInner><p>The group announced on Monday it had bagged a building job from Prinsip Nusantara Sdn Bhd and Spring Gallery’s unit Profit Sunland Sdn Bhd to develop a RM260 million mixed development project in Johor.</p></div>

<div class=newsTextDataWrapInner><p>The development project, which is located in Perling, Johor Baru, has a gross development value of RM260 million and gross development cost of RM176.5 million.</p></div>

<div class=newsTextDataWrapInner><p>The group believes that this development project will contribute positively to its future earnings, and improve its financial position via additional revenue and earnings.</p></div>

<div class=newsTextDataWrapInner><p><img alt="spring-gallery_swm_chart__fd_200416" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/spring-gallery_swm_chart__fd_200416.png" /></p></div>


This article first appeared in The Edge Financial Daily, on January 12, 2016.

 

Spring Gallery Bhd (+ve)

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Stock With Momentum: Spring Gallery

Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the US megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.

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THE Sarawak government’s decision to put all new hires on the contribution-based position (Jawatan ­Berasaskan Caruman [JBC]) scheme is seen as the initial step towards much-needed reforms for the state’s public service.

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Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is the entity that is bidding to acquire SriLankan Airlines, and if it materialises, will raise its own capital for the acquisition, according to chief executive officer Tan Sri Tony Fernandes.

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For TikTok, the clock has started running in its existential fight to avoid a US ban.

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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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BENGALURU (April 24): Bharti Airtel is not in talks to buy UK-based Vodafone Group's 21.05% stake in Indus Towers, the Indian telecom operator said on Wednesday, after a newspaper reported that it was eyeing the stake.

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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.

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One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.

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<p>Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.</p>


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<p>E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.</p>


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<p>Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.</p>


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<p>Tesla Inc is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.</p>


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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>


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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>Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the US megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.</p>


<p>Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.</p>


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<p>US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.</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>


Haily shares near all-time high after securing RM109.5m housing job

<p>Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;</p>


<p>Meta Bright Group Bhd said its wholly owned subsidiary FBO Land (Serendah) Sdn Bhd and Doople Tech Sdn Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd, following its recent collaboration with Doople to form a joint venture (JV) company to bid for renewable energy (RE) projects with a Bumiputera equity requirement.</p>


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<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>


Censof observing technical breakout, says RHB Retail Research 

<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>One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.</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>
