<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on December 17, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>Wong Engineering Corp Bhd (-ve)</strong><br />
Trading of shares in Wong Engineering Corp Bhd (fundamental: 2.1/3, valuation: 2/3) triggered our momentum algorithm yesterday for the third time this year.</p></div>

<div class=newsTextDataWrapInner><p>The counter closed 5.17% or three sen lower at 55 sen, after 538,100 shares were traded, almost 10 times higher than its 200-day average trading volume of 57,141 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Last Thursday, the group announced that its net profit for the fourth quarter ended Oct 31, 2019 came in at RM3.87 million, about four times higher than last year’s RM1.02 million, on gains from the disposal of other investments during the quarter as compared to some fair value losses reported last year. Besides that, it also enjoyed higher profit from its construction and property development due to improved margin.</p></div>

<div class=newsTextDataWrapInner><p>Its quarterly revenue grew 17.7% to RM18.79 million from RM15.95 million on higher progress billings from construction and property development. The group declared a final dividend of one sen per share.</p></div>


Wong Engineering Corp Bhd (-ve)
Trading of shares in Wong Engineering Corp Bhd (fundamental: 2.1/3, valuation: 2/3) triggered our momentum algorithm yesterday for the third time this year.

The counter closed 5.17% or three sen lower at 55 sen, after 538,100 share...

Stock With Momentum: Wong Engineering Corp

Taiwan’s incoming president warned his government faces a grim international environment as he finalised his cabinet line-up by appointing key defence and foreign-affairs officials.

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Malaysia needs RM10 bil for next three years to upgrade water infrastructure — SPAN

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<p>KUALA LUMPUR (April 25): The Employees Provident Fund (EPF) members, who are below 55 years old, will have an Account 3, in addition to the existing two accounts for their retirement savings, starting May 11.&nbsp;</p>


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<p>Maybank IB is the first from a total of fi...

Mega First shares likely peaked; Maybank IB the first to downgrade stock

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<p>KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.</p>


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<p>Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.</p>


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<p>PUTRAJAYA ( April 25): Malaysia’s inflation stayed at 1.8% in March 2024 from a month ago, according to the Department of Statistics Malaysia (DOSM).</p>
