<div class=newsTextDataWrapInner><p>Ablegroup Bhd (+ve)</p></div>

<div class=newsTextDataWrapInner><p>ABLEGROUP (Fundamental: 0.8/3, Valuation: 0.3/3) first triggered our momentum algorithm on March 13. Since then, its share price has jumped 37.9% to close at 20 sen last Friday.</p></div>

<div class=newsTextDataWrapInner><p>AbleGroup, formerly known as Gefung, is involved in the processing, trading and contract workmanship of marble and granite blocks. Its operation in China ran into financial trouble during the 2009 financial crisis.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Dato’ Allan Lim Kim Huat, former Deputy Chairman of Sunrise Bhd (now UEM Sunrise), took over at the helm in September 2009 after he acquired a 25.19% stake. He proceeded to restructure the company, including disposing of the loss-making China subsidiary and using the proceeds to diversify into property development. The company acquired a 3-acre residential land in Mont Kiara, which has a book value of RM28.17 million or RM215.53 psf.</p></div>

<div class=newsTextDataWrapInner><p>AbleGroup returned to the black in 2014 with a net profit of RM245,000 on RM18.7 million sales. Orderbook for the marble/granite business stood at RM37 milllion at end-2014.</p></div>

<div class=newsTextDataWrapInner><p><img alt="ablegroup-27apr15" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/ablegroup-27apr15.png" style="height:659px; width:500px" /></p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily,</em> on April 27, 2015.</p></div>


Ablegroup Bhd (+ve)

ABLEGROUP (Fundamental: 0.8/3, Valuation: 0.3/3) first triggered our momentum algorithm on March 13. Since then, its share price has jumped 37.9% to close at 20 sen last Friday.

AbleGroup, formerly known as Gefung, is involved in the processing, trading and...

Stocks With Momentum: Ablegroup

SEOUL (Nov 10):South Korean President Lee Jae Myung urged his government on Tuesday to build bipartisan support in the US Congress, as Seoul navigates the economic and security implications of the US midterm elections.

South Korea's Lee says Seoul must build bipartisan support in US Congress

Australia will create a new artificial intelligence (AI) safety regulator that will have the power to impose “significant penalties” on companies that do the wrong thing, Prime Minister Anthony Albanese said on Tuesday in Canberra.

Australia to create AI safety regulator, mandatory safety rules

KUALA LUMPUR (Nov 10): MISC Bhd’s (KL:MISC) proposed RM3.03 billion investment in Yinson Holdings Bhd (KL:YINSON) would increase its financial risk, even under a structure designed to keep Yinson’s substantial debt off the shipping group’s balance sheet, CGS International said.

MISC’s RM3.03 bil bet to take Yinson private exposes shareholders to higher risks — CGS

Foreign institutions extended their net buying streak to two consecutive weeks on Bursa Malaysia, recording net inflows of US$381.3 million (RM1.55 billion), according to MBSB Investment Bank Bhd (MBSB IB).

Malaysia among three Asian markets with net foreign inflows last week — MBSB IB

MELAKA (Nov 10): The early voting process for the 16th Melaka state election proceeded smoothly on Tuesday morning, with many security personnel taking advantage of the clear weather early in the day to arrive at the polling centres.

Melaka polls: Early voting proceeds smoothly Tuesday morning

Singapore’s benchmark interest rate climbed to the highest level in more than a year on tighter local liquidity and expectations for further US interest-rate hikes.

Singapore’s interbank rate hits highest in more than a year

BENGALURU (Nov 9): Trump Media & Technology Group swung to a third-quarter profit on Monday, while its revenue more than tripled from a year earlier, fuelled by growth in its Truth API data-licensing business.

Trump Media swings to quarterly profit; Truth API boosts revenue

Asian stocks rose on Tuesday as a drop in oil prices after US President Donald Trump said he plans to hold off on new military strikes against Iran lifted sentiment ahead of US inflation data that could sway the near-term interest rate outlook.

Asian stocks climb as sliding oil prices buoy sentiment

KUALA LUMPUR (Nov 10): Public Bank Bhd (KL:PBBANK) fell on Tuesday after the third-largest Malaysian bank by assets cut its guidance and flagged margin pressures.

Public Bank falls after cutting guidance, flagging margin pressures

Anthropic sent out and then retracted details of its blockbuster initial public offering filing, according to emails to bankers seen by Reuters late on Monday.

Anthropic sends out, then retracts details of IPO filing, emails show

<p>NEW YORK (Nov 9): Nvidia and chief executive Jensen Huang were sued on Monday in a proposed class action accusing them of defrauding shareholders by concealing Huang's ties with a suspected Chinese spy.</p>


Nvidia, CEO Huang sued over disclosures related to suspected Chinese spy

<p>Asian stocks rose on Tuesday as a drop in oil prices after US President Donald Trump said he plans to hold off on new military strikes against Iran lifted sentiment ahead of US inflation data that could sway the near-term interest rate outlook.</p>


<p>KUALA LUMPUR (Nov 10): Public Bank Bhd (KL:PBBANK) fell on Tuesday after the third-largest Malaysian bank by assets cut its guidance and flagged margin pressures.</p>


<p>WASHINGTON/CAIRO/ABU DHABI (Nov 9): US President Donald Trump said on Monday that he plans to hold off on new military strikes against Iran for the time being after appeals from countries in the region, including from Qatar's prime minister in White House talks.</p>


Trump says Qatar, Saudi prefer peace in Iran conflict

<p>A renewed wave of dip buying drove stocks to their best day since April in the wake of a technology selloff that had roiled Wall Street, with the market also gaining as oil prices sank.</p>


Stocks climb as buyers step in despite Nvidia woes

<p>Here's a heads up on what to look out for today.</p>


YOUR DAY AHEAD: Nov 10, 2026 

<p>MELAKA (Nov 9): The interpretation of the Conditional Pardon Order and the implications of the Order of Discharge involving Datuk Seri Najib Tun Razak require further clarification to establish whether the Prisons Department has the authority to implement house arrest for the former prime minister.</p>


Najib's discharge order needs review to clarify Prisons Dept's authority — Saifuddin

<p>MELAKA (Nov 10): Thirty-one early polling centres for the 16th Melaka State Election opened at 8am on Tuesday to allow 12,531 security personnel and their spouses to cast their ballots.</p>


Melaka polls: 31 early voting centres open at 8am

<p>KUALA LUMPUR (Nov 10): MISC Bhd’s (KL:MISC) proposed RM3.03 billion investment in Yinson Holdings Bhd (KL:YINSON) would increase its financial risk, even under a structure designed to keep Yinson’s substantial debt off the shipping group’s balance sheet, CGS International said.</p>


<p>(Nov 10):&nbsp;Nvidia Corp’s general counsel intervened in a US government probe of suspected smuggling of AI chips by Megaspeed International, questioning whether the Trump administration played a role in detaining an executive from the Singapore-based firm who’s now at the heart of a scandal threatening Jensen Huang.</p>


Nvidia intervened in US probe of Megaspeed chip smuggling

<p>Singapore’s benchmark interest rate climbed to the highest level in more than a year on tighter local liquidity and expectations for further US interest-rate hikes.</p>


<p>(Nov 9): Americans last month grew more ​worried about the labor market outlook, according to a survey released on Monday by the ‌Federal Reserve Bank of New York.</p>

<p>The bank's October Survey of Consumer Expectations found that projections the jobless rate will be higher a year from now w...

NY Fed survey finds Americans more worried over future jobless levels

<p>Anthropic sent out and then retracted details of its blockbuster initial public offering filing, according to emails to bankers seen by <em>Reuters </em>late on Monday.</p>


<p>NEW YORK (Nov 9):&nbsp;Banks and credit investors are upping their scrutiny of AI-related debt deals while showing reluctance to increase exposure to borrowers, jolted by the recent market selloff and changing sentiment toward the technology's growth trajectory.</p>

<p>Some banks, which ​just ...

Banks, investors grow wary of AI debt, spooked by market selloff

<p>BENGALURU (Nov 10): Gold prices edged lower in early Asian trade on Tuesday as investors awaited US inflation data later in the day for clues on the Federal Reserve's next policy move.</p>


Gold dips ahead of US inflation data

<p>SEATTLE (Nov 9): Boeing&nbsp;‌Commercial Airplanes plans to cut 5% of its workforce as it struggles to increase jetliner production output, the division's chief, Stephanie Pope, told employees on Monday in an internal memo.</p>

<p>"As shared in our third-quarter earnings, we ​need to reset the...

Boeing to cut 5% of commercial jet workforce amid production struggles

<p>(Nov 9): PepsiCo is cutting some ‌jobs in its North America food and beverage business as part of a plan to streamline the unit.</p>

<p>The job cuts are expected ​over the next week and are aimed at simplifying ​the company's structure, according to a letter to employees ⁠from PepsiCo North Am...

PepsiCo to cut some jobs in North America

<p>ZURICH (Nov 9):&nbsp;Just Eat Takeaway's Swiss unit is cutting 373 delivery jobs ​in Switzerland as the food delivery ‌service moves away from scheduled shifts, the company said on Monday.</p>

<p data-testid="promo-box">That represents more ​than half the company's couriers in ​Switzerland, ac...

Just Eat Switzerland cuts 373 courier jobs in Switzerland

<p>SYDNEY (Nov 10): Qantas&nbsp;said on Tuesday it would cut 850 jobs in Australia and outsource some corporate functions to consulting ​firm Accenture as it adapts to the increased ‌use of artificial intelligence in the airline industry.</p>

<p>The first phase of the cuts would affect finance, p...

Australia's Qantas to axe 850 jobs in offshoring deal with Accenture

<p>BENGALURU (Nov 10):&nbsp;Oil prices edged lower on Tuesday, extending losses from the previous day, after US President Donald Trump said US military action against Iran is not necessary "at this point", easing concerns about prolonged disruptions to Middle East supply.</p>
