<div class=newsTextDataWrapInner><p><strong>Careplus Group Bhd (-ve)</strong><br />
CAREPLUS (Fundamental: 0.6/3, Valuation: 1.5/3) manufactures latex gloves under its house brands — Rubbercare and Guardian.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Its share price jumped 5.5% last Friday, closing at an all-time high of 57.5 sen, after the company announced a proposed 1-for-2 bonus issue on April 2. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>For the 12-months ended December 2014, revenue increased 17.9% to RM152.1 million, as compared to RM129.1 million for 11-months ended December 2013. Net profit, however, more than doubled from RM1.3 million to RM3.3 million over the same period — thanks to greater economies of scale.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>As at end-2014, Careplus has 3 factories with 20 production lines and annual production capacity of 2.4 billion pieces of gloves. Its subsidiary, Careglove Global, is expected to complete construction of a second plant in 3Q2015, which will expand its capacity by 3 additional production lines.</p></div>

<div class=newsTextDataWrapInner><p>Careplus had proposed 0.25 sen per share dividend for 2014. The entitlement date is yet to be fixed.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><img alt="careplus_060415" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/careplus_060415.png" style="height:711px; width:500px" /></p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on April 6, 2015.</p></div>


Careplus Group Bhd (-ve)
CAREPLUS (Fundamental: 0.6/3, Valuation: 1.5/3) manufactures latex gloves under its house brands — Rubbercare and Guardian. 

Its share price jumped 5.5% last Friday, closing at an all-time high of 57.5 sen, after the company announce...

Stocks With Momentum: Careplus

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).

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Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.

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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.

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(April 25): Goldman Sachs Group Inc plans to hire “steadily” in Asia to cater to the growing number of family offices and super-rich in the region, The Straits Times reported on Thursday.

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SK Hynix Inc said it expects a full recovery in the memory market, led by surging artificial intelligence (AI)-related demand, and lifted its capital spending plans.

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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.

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Investors are looking for the next policy domino to fall in Asia amid an escalating campaign against a resurgent dollar, after Indonesia used a surprise interest rate hike to defend the rupiah.

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Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.

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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>KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.</p>

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<p>Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.</p>


<p>Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.</p>


<p>Benchmark S&amp;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.</p>


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<p>Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.</p>


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<p>RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.</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>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>


<p>(April 24): Some of the world's largest solar equipment makers asked President Joe Biden's administration on Wednesday to impose tariffs on panels and cells from four Asian countries, to protect billions of dollars in investments in US manufacturing.</p>
