<div class=newsTextDataWrapInner><p><strong>MCT Bhd (+ve)</strong><br />
MCT (Fundamental: NA, Valuation: NA) traded as high as RM1.43 on its debut on Monday, from the offer price of RM1.28, before closing at RM1.33.</p></div>

<div class=newsTextDataWrapInner><p>MCT takes over the listing status of GW Plastics following a reverse takeover and has since completed a private placement and restricted offer for sale exercise. The new controlling shareholders hold a combined 65.2% stake.</p></div>

<div class=newsTextDataWrapInner><p>The property developer is known for its development of USJ One Avenue and OneCity in Subang Jaya. It has a total landbank of 540.2 acres, of which 90% are located within the Klang Valley (Subang Jaya, Cyberjaya, and CyberSouth, Dengkil) and Tebrau, Johor (through a joint-venture).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>MCT’s ongoing projects have a cumulative gross development value (GDV) of RM2.26 billion while future projects have an estimated GDV of RM6.72 million. The GDV is yet to be finalised for the remaining 296 acres.<br />
The stock is trading at 1.2 times the enlarged shareholders’ equity of RM1.42 billion.</p></div>

<div class=newsTextDataWrapInner><p><img alt="mct_8Apr15_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/mct_8Apr15_theedgemarkets.png" style="height:796px; width:600px" /></p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily, </em>on April 8, 2015.</p></div>


MCT Bhd (+ve)
MCT (Fundamental: NA, Valuation: NA) traded as high as RM1.43 on its debut on Monday, from the offer price of RM1.28, before closing at RM1.33.

MCT takes over the listing status of GW Plastics following a reverse takeover and has since completed a p...

Stocks With Momentum: MCT

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BUKIT MERTAJAM (April 25): TTM Technologies Inc, a Nasdaq-listed company, unveiled its inaugural manufacturing facility in Malaysia on Thursday.

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While March’s headline inflation of 1.8% year-on-year (y-o-y) came in slightly lower than consensus expectations of 2%, economists are maintaining their projection that Malaysia's headline inflation will progressively accelerate towards the end of the year on account of the government's fuel subsidy rationalisation plan, utility tariff hikes, and its recent adjustments of the service tax.

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KUALA LUMPUR (April 25): Atlan Holdings Bhd’s net profit fell over 42% to RM5.07 million or two sen per share, from RM8.75 million or 3.45 sen per share in the fourth quarter ended Feb 29, 2024 (4QFY2024), as increased revenue was more than offset by higher operating expenses, depreciation and amortisation, as well as finance costs.

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Spokesperson Wu Qian told a media briefing in Beijing that China's naval commander Admiral Hu Zhongming and political commissar Yuan Huazhi had a "deep exchange of views" with US Pacific Fleet chief Admiral Stephen Koehler and Russia's naval commander Admiral Alexander Moiseyev.

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OTTAWA (April 25): Nearly 200 fossil fuel and chemical industry lobbyists plan to join this week's United Nations (UN) negotiations on the first global treaty to curb plastic pollution — a 37% jump from the previous gathering in November, an analysis released on Thursday showed.

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<p>KUALA LUMPUR (April 25): Members of the the Employees Provident Fund (EPF) who are below 55 years old will have an Account 3 starting from May 11, from which they can make withdrawals at any time for any purpose —&nbsp;subject to a minimum withdrawal amount of RM50. This is on top of the two existing accounts they currently have for retirement savings.&nbsp;</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>


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<p>Shares of YTL Corp Bhd rallied to a new all-time high on Thursday after Hong Leong Investment Bank (HLIB) flagged more upside even after a 42% year-to-date surge.</p>


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<p>Sports retailer Al-Ikhsan Sports Sdn Bhd, in which state-owned private equity firm Ekuiti Nasional Bhd (Ekuinas) owns a 35% stake, has appointed Datuk Hishammudin Hasan as its new chief executive officer effective April 17.</p>


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<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>


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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>Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim on Thursday denied claims that the government will issue a licence for the operation of a casino in Forest City, Johor.</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>


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<p>Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.</p>

<p>The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus February’s 1.8% gain.</p>


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<p>JOHOR BAHRU (April 25): The Johor branch of the Malaysian Quarantine and Inspection Services Department (Maqis) found parasitic worms Anisakis sp in samples of sardine cans from China that were brought in through the Sultan Iskandar Building (BSI) here, earlier this month.</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>RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.</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>IOI Properties Group broke ground on Thursday for Senna Puteri, its latest township development located in Sepang, Selangor. The developer is looking to launch 386 units of townhouses in its first phase before the end of the second quarter.</p>

<p>Spanning 117 acres in southern Klang Valley, the 12-phase Senna Puteri will be developed over the next 10 years, offering residential, commercial, recreational areas, green spaces, community hall, surau and more. It has a gross development value (GDV) of over RM3 billion.</p>


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<p>KUALA LUMPUR (April 25): Former prime minister Datuk Seri Najib Razak had never instructed 1Malaysia Development Bhd’s (1MDB) management to transfer a total US$1.03 billion to Good Star Ltd, a company linked to the fugitive Low Taek Jho (Jho Low), the court heard on Thursday.</p>
