<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on December 20, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>TransOcean Holdings Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>TRADING of shares in TransOcean Holdings Bhd (fundamental: 0.75/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the second time this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The stock closed up 13.5 sen or 13.99% at RM1.10, after 1.45 million shares were traded, versus the counter’s 200-day average volume of 8,023 shares.</p></div>

<div class=newsTextDataWrapInner><p>On Tuesday, the group’s shares hit limit-up after jumping 30 sen or 45.11% to settle at 96.5 sen following news that it had inked a preliminary agreement that would pave the way for a reverse takeover of the company by logistics player Swift Haulage Sdn Bhd in a deal worth no less than RM750 million.</p></div>

<div class=newsTextDataWrapInner><p>It said it had signed a heads of agreement with certain Swift shareholders to acquire the entire equity interest in Swift, and that consideration would be satisfied via the issuance of new shares in Trans-</p></div>

<div class=newsTextDataWrapInner><p>Ocean at an issue price of RM1.50 per share.</p></div>

<div class=newsTextDataWrapInner><p>As of yesterday, the group’s shares were trading at 1.09 times its net book value.</p></div>


TransOcean Holdings Bhd (-ve)

TRADING of shares in TransOcean Holdings Bhd (fundamental: 0.75/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the second time this year.

The stock closed up 13.5 sen or 13.99% at RM1.10, after 1.45 million sh...

Stock With Momentum: TransOcean Holdings

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