<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on February 14, 2020</span></p></div><div class=newsTextDataWrapInner><p><strong>Techfast Holdings Bhd (-ve)</strong><br />
TRADING of shares in Techfast Holdings Bhd (fundamental: 2.35/3, valuation: 0.5/3) triggered our momentum algorithm yesterday for the first time this year. The last time it appeared on our Stocks with Momentum list was Dec 31, 2019.</p></div>

<div class=newsTextDataWrapInner><p>Techfast shares closed down half a sen or 0.93% to 53.5 sen yesterday. The counter was heavily traded, with 22.91 million shares done, 10 times more than its 200-day average volume of 2.15 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company specialises in the manufacturing and distribution of high-precision computer components, electronic hardware, and telecommunication components.</p></div>

<div class=newsTextDataWrapInner><p>Techfast’s net profit slipped 4.36% for the third quarter ended Sept 30, 2019 to RM1.34 million from RM1.4 million a year ago, mainly due to higher tax expenses and operating expenses, which offset a 5.31% rise in revenue to RM8.25 million from RM7.84 million for the previous year.</p></div>


Techfast Holdings Bhd (-ve)
TRADING of shares in Techfast Holdings Bhd (fundamental: 2.35/3, valuation: 0.5/3) triggered our momentum algorithm yesterday for the first time this year. The last time it appeared on our Stocks with Momentum list was Dec 31, 2019.

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Stock With Momentum: Techfast Holdings

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Fast-fashion firm Shein has been drawn under the scope of flagship European Union (EU) rules designed to clamp down on illegal and harmful content online, aimed at stopping the spread of counterfeit items on the platform.

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Anglo American rejected rival miner BHP Group's £31.1 billion pound (RM186 billion) takeover proposal on Friday, saying the bid significantly undervalued the London-listed miner and its future prospects.

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HOUSTON/BENGALURU (April 26): Oil giant Chevron Corp beat estimates for first-quarter profit on Friday, as higher production volumes in the US helped offset a hit from weak natural gas prices and fuel margins.

Chevron posts 1Q profit beat with oil production gains

President Xi Jinping warned America’s top diplomat that the US shouldn’t target or oppose China, as the world’s largest economies wrapped two days of talks spanning thorny disputes on trade and Beijing’s support for Russia’s war machine.

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US inflation rose moderately in March, but that is unlikely to change financial markets' expectations that the Federal Reserve will hold off cutting interest rates until September.

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Datuk Seri Anwar Ibrahim said he will be returning the allowance received as chairman of Khazanah Nasional Berhad, reiterating that he does not draw a salary for the position of prime minister that he has held since November 2022.

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Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

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<p>The Inland Revenue Board (IRB) on Friday announced that the deadline for taxpayers to submit Form E and CP8D has been extended to May 31.</p>


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<p>Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.</p>


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<p>Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.</p>


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<p>Malayan Banking Bhd (Maybank) has obtained a summary judgement at the High Court here against ACE Credit (M) Sdn Bhd, ACE Corporation (M) Sdn Bhd, and the company directors Datuk Choong Chee Meng and Chang Ai Nee, for defaulting on a RM46.47 million loan given to them by the bank.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report&nbsp;alleging that the government is planning to issue&nbsp;a licence for a casino in&nbsp;Forest City, Johor, to take necessary action&nbsp;against the foreign news agency.</p>


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<p>The country’s&nbsp;fifth-generation (5G) network&nbsp;adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.</p>


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<p>MYAirline Sdn Bhd will continue to retain its nominated post holders as well as key personnel, while ensuring that its air operator’s certificate (AOC) documentation remains as current as possible.</p>


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<p>The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.</p>

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