<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on April 20, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>Turbo-Mech Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Turbo-Mech Bhd (fundamental: 0.9/3, valuation: 1.4/3) fell 1.5 sen or 1.56% to 94.5 sen yesterday, after 110,100 shares changed hands.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>This is the first time Turbo-Mech is picked up as a “Stock with Momentum” since it was last featured in May 2015. At the current price, the group has a market capitalisation of RM102.60 million.</p></div>

<div class=newsTextDataWrapInner><p>In the fourth quarter ended Dec 31, 2016, Turbo-Mech’s net profit grew 77% to RM2.55 million or 2.36 sen per share, from RM1.44 million or 1.33 sen per share a year ago.</p></div>

<div class=newsTextDataWrapInner><p>The improvements were mainly due to improved sales and gross margins. Revenue jumped 73% to RM14.25 million from RM8.22 million a year earlier.</p></div>

<div class=newsTextDataWrapInner><p>But for the full year, Turbo-Mech’s net profit halved to RM4.18 million in the financial year 2016 (FY16) from RM8.38 million in FY15, though revenue grew 11% to RM40.11 million from RM36.09 million.</p></div>


Turbo-Mech Bhd (-ve)

SHARES in Turbo-Mech Bhd (fundamental: 0.9/3, valuation: 1.4/3) fell 1.5 sen or 1.56% to 94.5 sen yesterday, after 110,100 shares changed hands.

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<p>The nomination of candidates for the Kuala Kubu Baharu by-election on Saturday morning saw a four-cornered clash between the&nbsp;candidates of&nbsp;Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.</p>


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<p>The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.</p>

<p>The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.</p>


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<p>Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.</p>


<p>Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.</p>


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<p>Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.</p>

<p>The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.</p>


<p>Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.</p>
