<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on July 1, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><strong>Tiong Nam Logistics Holdings Bhd (-ve)</strong></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SHARES in Tiong Nam Logistics Holdings Bhd (fundamental: 1.1/3, valuation: 2.4/3) triggered our momentum algorithm yesterday for the second time this week as its share price rose five sen or 3.45% to close at RM1.50, with 5.19 million shares traded. In comparison, its 200-day average volume is 583,316 shares.</p></div>

<div class=newsTextDataWrapInner><p>The logistics and warehousing services provider posted a net profit of RM36.55 million for the fourth quarter ended March 30, 2016, up 2.81% from RM35.55 million a year ago.</p></div>

<div class=newsTextDataWrapInner><p>Revenue, however, fell 33.91% to RM126.1 million, from RM190.81 million, mainly due to a decline in property development revenue.</p></div>

<div class=newsTextDataWrapInner><p>For the full year, Tiong Nam’s net profit rose 9.25% to RM79.62 million, from RM72.88 million in FY15, mainly due to lower income tax expenses. Revenue, however, declined 7.31% to RM572.8 million, from RM618 million.</p></div>


This article first appeared in The Edge Financial Daily, on July 1, 2016.

 

Tiong Nam Logistics Holdings Bhd (-ve)

SHARES in Tiong Nam Logistics Holdings Bhd (fundamental: 1.1/3, valuation: 2.4/3) triggered our momentum algorithm yester...

Stock With Momentum: Tiong Nam Logistics Holdings

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In a statement on Tuesday, the industry association...

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<p>KUALA LUMPUR (May 8): Global sales of semiconductors jumped 15.2% year-on-yera in the first quarter of 2024 to total US$137.7 billion during the first quarter of 2024, according to the US-based Semiconductor Industry Association (SIA).</p>

<p>In a statement on Tuesday, the industry association...

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