<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on July 10, 2017 - July 16, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>AWC Bhd (-ve)</strong><br />
SHARES in integrated facilities management company AWC Bhd (fundamental: 2.8/3, valuation: 1.1/3) triggered our momentum algorithm last Friday for the first time this year.</p></div>

<div class=newsTextDataWrapInner><p>The counter gained one sen or 0.91% to settle at RM1.11, following trades of 1.93 million shares. In comparison, its 200-day average volume was 2.75 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In the third quarter ended March 31, 2017, its net profit fell 13% to RM5.03 million from RM5.76 million in the previous year, due to lower additional work under the company’s concession contracts, while its environment division was hit by project delays.</p></div>

<div class=newsTextDataWrapInner><p>Revenue for the quarter decreased 10% to RM67.42 million from RM75.33 million.</p></div>

<div class=newsTextDataWrapInner><p>For the cumulative nine-month period, net profit jumped 45% to RM15.69 million from RM10.76 million, while revenue increased 21% to RM210.18 million.</p></div>

<div class=newsTextDataWrapInner><p>AWC is currently trading at 2.15 times its book value.</p></div>


AWC Bhd (-ve)
SHARES in integrated facilities management company AWC Bhd (fundamental: 2.8/3, valuation: 1.1/3) triggered our momentum algorithm last Friday for the first time this year.

The counter gained one sen or 0.91% to settle at RM1.11, following trades of...

Stock With Momentum: AWC

Sunway Construction Group Bhd (KL:SUNCON) shares may have limited further upside following their recent rally, even as the company’s pipeline of contracts appears robust, analysts said.

Sunway Construction shares may have limited further upside, as recent job wins priced in

Boeing Co and union leaders representing 33,000 striking workers reached a tentative agreement to end a lengthy labour dispute that’s crippling the company’s commercial airplane manufacturing.

Boeing union endorses latest offer to end crippling strike

Indonesia has prohibited the sale of Pixel phones, saying Alphabet Inc’s Google has failed to meet domestic content requirements, according to a report by local media outlet Kontan.

After iPhone 16, Indonesia is blocking Google Pixel phones — report

KUALA LUMPUR (Nov 1): Prime Minister Datuk Seri Anwar Ibrahim extended his congratulations to Sultan of Perak Sultan Nazrin Shah on the occasion of his 68th birthday on Friday.

PM Anwar congratulates Sultan of Perak on 68th birthday

Singapore’s government ramped up criticism of Lee Hsien Yang, who was recently granted asylum in the UK, accusing him of seeking to tarnish the city state with an “international smear campaign”.

Singapore slams ‘smear campaign’ from ex-PM Lee’s brother

Total global passenger demand, measured in revenue passenger kilometres, rose by 7.1% year-on-year (y-o-y) in September versus a year ago, an all-time high, according to the International Air Transport Association (IATA).

Global passenger demand up 7.1% in September, an all-time high — IATA

BENGALURU (Nov 1): Larsen & Toubro Ltd (L&T), India’s largest private-sector defence manufacturer by revenue, is looking to ramp up its aerospace division to strengthen its foothold in the country’s burgeoning private space sector, a senior executive said on Thursday (Oct 31).

L&T eyes aerospace expansion to ride India’s US$44b private space market push

Amazon.com Inc reported strong results that showed a company humming on all cylinders, a testament to its efforts to cut and reallocate costs and put the cloud computing and e-commerce giant on sounder footing.

Amazon's belt-tightening produces strong cloud, e-commerce results

Microsoft Corp shares dropped the most in two years after the software maker forecast slower quarterly cloud revenue growth, reflecting the company’s struggle to bring data centres online fast enough to keep up with demand for artificial intelligence (AI) services.

Microsoft shares drop on disappointing cloud growth forecast

Intel Corp gave a fourth-quarter revenue forecast slightly above estimates, sparking optimism that it’s capable of reclaiming some lost market share. 

Fourth-quarter revenue will be US$13.3 billion (RM58.3 billion) to US$14.3 billion, the Santa Clara, California-based company said in a statement. That compares with the US$13.6 billion analysts estimated on average. The company is projecting a profit of 12 cents a share compared with the six cents Wall Street projected.

Intel surges as results spark turnaround optimism

<p>A US$6.4 trillion (RM28.0 trillion) foreign-exchange (forex) reserve pile in Asia is giving investors confidence that central banks have the ammunition to fight the dollar’s strength stemming from the US presidential election.</p>


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<p>Investors’ pullback from US tech stocks on lacklustre corporate results extended into Asia on Friday, weighing on the region’s major markets. Oil rallied on fresh Middle East concerns.</p>


Asian equities echo US declines as tech stocks hit

<p>Shares of British American Tobacco (Malaysia) Bhd (KL:BAT) rose on Friday and may be headed for their best day in over five months, after the cigarette company reported better-than-expected quarterly results.</p>


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<p>Apple Inc, heading into its most critical sales period of the year, sparked fresh concerns about revenue growth and lingering weakness in an intensely competitive China market.</p>


Apple disappoints investors with tepid forecast, China weakness

<p>Malaysia's manufacturing sector conditions remained soft in October, as firms scaled back production amid muted demand, S&amp;P Global said on Friday.</p>


Malaysia's manufacturing activity still soft in October amid muted demand, PMI data show

<p>Chinese President Xi Jinping highlighted pressures facing China’s employment market in a newly published speech that painted a turbulent time for the world’s No&nbsp;2 economy, as officials try to arrest a growth slowdown.</p>


Xi highlights China's employment woes in speech published before US vote

<p>Scandals are mounting at Nomura Holdings Inc, threatening to derail a turnaround plan at Japan’s biggest brokerage just as it’s beginning to bear fruit.</p>

<p>Chief executive officer Kentaro Okuda and other top managers agreed on Thursday to take&nbsp;a pay cut&nbsp;after the firm admitted an employee manipulated the bond market, prompting several firms to stop trading with the brokerage. Less than an hour later, a local news agency reported that a former Nomura worker was arrested on suspicion of robbery and&nbsp;attempted murder&nbsp;of elderly clients.</p>


Japan's Nomura woes deepen with trading scandal, attempted murder arrest

<p>Wall Street traders hoping for a clear direction on stocks after Thursday’s selloff didn’t get that in late hours amid a mixed bag of earnings from a pair of tech heavyweights.</p>


US stocks mixed as Apple down; Amazon up on earnings

<p>SINGAPORE (Nov 1): Oil prices extended gains on Friday, climbing more than US$1 (RM4.37) a barrel (bbl) to pare weekly losses, as geopolitical tensions in the Middle East rose following reports that Iran was preparing a retaliatory strike on Israel from Iraq in the coming days.</p>


Oil climbs more than US$1/bbl on reports Iran preparing to strike at Israel

<p>OpenAI is adding a new set of search features to&nbsp;its flagship product&nbsp;ChatGPT, escalating the artificial intelligence (AI) startup’s challenge to Alphabet Inc’s Google.</p>


OpenAI brings search features to ChatGPT in challenge to Google

<p>Boeing Co&nbsp;and union leaders representing 33,000 striking workers reached a tentative agreement to end a lengthy labour dispute that’s crippling the company’s commercial airplane manufacturing.</p>


<p>Singapore’s government ramped up criticism of Lee Hsien Yang, who was recently granted asylum in the UK, accusing him of seeking to tarnish the city state with an “international smear campaign”.</p>


<p>Warren Buffett’s Berkshire Hathaway Inc&nbsp;continues adding to his stake in satellite-radio broadcaster Sirius XM Holdings Inc.</p>


Buffett buys more Sirius XM as Berkshire’s stake climbs to 33%

<p>Waymo, Alphabet Inc’s autonomous driving unit, was valued at more than US$45 billion (RM196.89 billion), including its latest round of financing, according to people familiar with the matter.</p>


Alphabet’s autonomous driving unit Waymo valued above US$45b after funding — Bloomberg

<p>Macquarie Group Ltd’s profit fell short of analyst estimates as subdued volatility weighed on its key commodities and global markets business. The stock opened 4.3% lower.&nbsp;</p>


Australia’s Macquarie dips on profit miss due to weak markets

<p>North Korea flexed its military muscle with the test of a huge new solid-fuel intercontinental ballistic missile (ICBM)&nbsp;dubbed Hwasong-19, state media said on Friday, amid international uproar over its troops deployed to aid Russia in Ukraine.</p>


North Korea says record test was new Hwasong-19 intercontinental ballistic missile

<p>China’s manufacturing activity unexpectedly picked up last month despite a week-long holiday, according to a private survey, a further sign of stabilisation after Beijing unleashed a stimulus package to shore up the economy.</p>


China's stimulus package given manufacturing a shot in the arm, October PMI show

<p>Indonesia has prohibited the sale of&nbsp;Pixel phones, saying Alphabet Inc’s Google has failed to meet domestic content requirements, according to a report by local media outlet <em>Kontan</em>.</p>


<p>(Oct 31): Amazon's&nbsp;push to offer more everyday essentials like toothpaste is hurting its average selling prices (ASPs), but it is also a guard against rivals such as Temu and Shein, who offer rock bottom prices on goods they ship from China.</p>


Amazon’s plan to tackle Temu, Shein? Sell more toothpaste

<p>Sunway Construction Group Bhd&nbsp;(KL:SUNCON) shares may have limited further upside&nbsp;following their recent rally, even as the company’s pipeline of contracts appears robust, analysts said.</p>
