<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on June 4, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>Uchi Technologies Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>Uchi Technologies Bhd (fundamental: 3/3, valuation: 1.5/3) made it into our Stocks with Momentum list yesterday for the first time this year. Its shares closed seven sen or 2.44% lower at RM2.80, after 1.89 million shares were traded, about four times the counter’s 200-day average trading volume of 466,908 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group does original design manufacturing, specialising in designing electronic control systems primarily for consumer and industrial electrical and electronic appliances industries.</p></div>

<div class=newsTextDataWrapInner><p>Uchi’s net profit for the first quarter ended March 31, 2019 rose 15.6% to RM15.93 million, from RM13.79 million in the previous corresponding quarter, mainly due to higher demand and an appreciation of the US dollar against ringgit. Revenue grew 12.2% to RM35.09 million from RM31.27 million.</p></div>

<div class=newsTextDataWrapInner><p>Cautiously optimistic, Uchi anticipates a low single-digit revenue growth in US dollar for FY19, given an uncertain economic climate amid a heightened trade protectionism.</p></div>


Uchi Technologies Bhd (-ve)

Uchi Technologies Bhd (fundamental: 3/3, valuation: 1.5/3) made it into our Stocks with Momentum list yesterday for the first time this year. Its shares closed seven sen or 2.44% lower at RM2.80, after 1.89 million shares were traded, about f...

Stock With Momentum: Uchi Technologies

(April 25): Binance co-founder Changpeng Zhao is facing up to three years in prison, if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.

Totaling...

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NEW YORK (April 25): Benchmark S&P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.

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The win moved Bournemouth up to 10th place ...

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LONDON (April 25): Crystal Palace made absolutely sure of Premier League safety with an impressive 2-0 home defeat of Newcastle United on Wednesday with both goals scored by Jean-Philippe Mateta.

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An auction of a record $70 billion worth of five-year U.S. Treasury note...

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<p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p>

<p>Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co, the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 sq m (28,111 sq ft) house in the country’s Bin Tong Park enclave, according to a property record seen by <em>Bloomberg News.</em></p>


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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.</p>


KLCCP, Suria Capital, Capital A, Calsberg, Hibiscus Petroleum, Chin Hin, OCR, Fajarbaru, I-Bhd, Farm Price, United Plantations, AME REIT, Axis REIT, MyEG

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Fajarbaru Builder bags RM252m construction job in Johor Bahru from WCT

<p>Hibiscus Petroleum Bhd said it has completed the drilling of the Bunga Aster-1 exploration well and is expecting its first oil production to begin in May.</p>


Hibiscus Petroleum completes drilling at Bunga Aster-1 well, first oil production set for next month

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<p>Shares of Facebook’s parent were down as much as 19% in after-hours trading and...

<p>KUALA LUMPUR (April 24): Suria Capital Holdings Bhd’s wholly owned Sabah Ports Sdn Bhd has roped in DP World, an Emirati multinational logistics company based in Dubai, to manage Sapangar Bay Container Port (SBCP), in a bid to cement the port’s position as a regional trade hub for the East Asean growth area spanning Brunei, Indonesia, Malaysia and the Philippines (BIMP-EAGA).</p>


Suria Capital’s Sabah Ports ropes in Dubai’s DP World to manage Sapangar Bay Container Port

<p>Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity.</p>


Eden's major shareholder proposes land transfer to settle RM45.65m debt owed to company

<p>United Plantations Bhd’s (UP) net profit grew 18.54% year-on-year to RM132.87 million for the first quarter ended March 31, 2024 (1QFY2024), mainly due to a sharp drop in finance cost, on the back of slightly higher revenue, thanks to higher crude palm oil (CPO) and palm kernel (PK) prices.</p>


United Plantations kicks off FY2024 on positive note as 1Q profit rises 18.5%

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<p>GXBank, Malaysia’s first digital bank, said it plans to establish a regional centre of excellence (COE) for shared services in Malaysia, serving Grab-led digital banks and financial and operational services in the region.</p>


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<p>CapitaLand Malaysia Trust (CLMT) reported a 63% in its first quarter net property income to RM63.98 million from RM39.24 million a year ago, driven by full quarter revenue contribution from Queensbay Mall, higher occupancies and positive rental reversions.</p>


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