<div style="line-height: 20.8px;">This article first appeared in&nbsp;<em>The Edge Financial Daily,</em>&nbsp;on August 24, 2016.<br />
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<div class=newsTextDataWrapInner><p><strong>Batu Kawan Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Batu Kawan Bhd (fundamental: 1.1/3, valuation: 2.4/3) gained eight sen or 0.44% to RM18.08 with 35,000 shares traded yesterday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The current market price values the group at RM7.33 billion.</p></div>

<div class=newsTextDataWrapInner><p>This is the first time Batu Kawan is being featured in “Stocks with Momentum”. The stock was trading in the range of RM16.44 to RM18.36 in the past 52 weeks.</p></div>

<div class=newsTextDataWrapInner><p>The group’s third-quarter net profit grew 12.7% to RM148.4 million or 36.58 sen per share, from RM131.6 million or 32.28 sen per share a year ago, due to better performance of its plantation and manufacturing segments.</p></div>

<div class=newsTextDataWrapInner><p>Revenue for the quarter ended June 30, 2016 (3QFY16) expanded 11% to RM4.04 billion, from RM3.6 billion in 3QFY15, it announced to Bursa Malaysia in a filing yesterday.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, for the nine months ended June 30, 2016 (9MFY16), Batu Kawan’s net profit soared 70.6% to RM630.4 million or 155.33 sen per share, from RM369.5 million or 90.59 sen per share in 9MFY15.</p></div>


This article first appeared in The Edge Financial Daily, on August 24, 2016.

 

Batu Kawan Bhd (-ve)

SHARES in Batu Kawan Bhd (fundamental: 1.1/3, valuation: 2.4/3) gained eight sen or 0.44...

Stock With Momentum: Batu Kawan

BRUSSELS (Jan 29): The European Commission presented on Wednesday its plans to reverse industrial decline in the bloc, and step up efforts to compete with the United States and China in new fields such as artificial intelligence (AI), to lower energy costs, and to cut red tape.

EU points way to competitive future to catch US, China rivals

(Jan 29): Thailand expects to complete its first high-speed rail network linking the country to China through Laos in 2030, a long-delayed project officials have touted as key to furthering bilateral relations and trade between the two nations.

Thai high-speed rail linking Bangkok to China eyes 2030 opening

WASHINGTON (Jan 29): The US trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods, in anticipation of broad tariffs from President Donald Trump's new administration.

Record US goods trade deficit seen cutting into fourth-quarter GDP growth

MILAN/ROME/DUBLIN/BERLIN (Jan 29): The Chinese artificial intelligence (AI) app DeepSeek could not be accessed on Wednesday in Apple and Google app stores in Italy, the day after the country's data protection authority requested information on its use of personal data.

DeepSeek blocked on Apple and Google app stores in Italy

NEW YORK/BENGALURU (Jan 29): The S&P 500 and the Nasdaq slipped on Wednesday, as losses in tech heavyweights Apple and Nvidia pressured broader gains and as cautious investors braced for the US Federal Reserve's interest-rate decision, expected later in the day.

Tech majors drag on S&P 500, Nasdaq as Fed's rate verdict looms

KUALA LUMPUR (Jan 29): Global air cargo markets made significant strides last year, with demand rising 11.3% in cargo tonne-kilometres (CTK) compared to 2023, surpassing the record volumes set in 2021, according to the International Air Transport Association (IATA).

IATA: Air cargo demand soars 11.3% in 2024, surpassing 2021 record

LONDON (Jan 29): World markets were suddenly looking calmer on Wednesday as the week’s rollercoaster ride for stock markets morphed into wait-and-see ahead of the US Federal Reserve’s first rate meeting of the year and results from Microsoft, Meta and Tesla.

European stocks hit all-time high, Fed expected to hold rates

BANGKOK (Jan 29): ByteDance's TikTok will invest 126.8 billion baht (US$3.76 billion, or RM16.51 billion) in Thailand in a data hosting service, the Thai investment board said on Wednesday.

TikTok to invest US$3.8b in Thailand data hosting project, investment board says

KUALA LUMPUR (Jan 29): The retail price of diesel in Peninsular Malaysia will increase by five sen per litre, from RM3.13 to RM3.18 per litre, from Jan 30 to Feb 5, while in Sabah, Sarawak, and Labuan, the price remains at RM2.15 per litre.

RON95, RON97 prices unchanged, diesel up by five sen in Peninsular Malaysia

MIRI (Jan 29): The last victim of the landslide incident at Kampung Lereng Bukit was found at 6.06pm on Wednesday, according to Miri Police chief ACP Alexson Naga Chabu.

Last victim of Miri landslide found, SAR concluded

<p>LONDON (Jan 29): World markets were suddenly looking calmer on Wednesday as the week’s rollercoaster ride for stock markets morphed into wait-and-see ahead of the US Federal Reserve’s first rate meeting of the year and results from Microsoft, Meta and Tesla.</p>


<p>NEW YORK/BENGALURU (Jan 29): The S&amp;P 500 and the Nasdaq slipped on Wednesday, as losses in tech heavyweights Apple and Nvidia pressured broader gains and as cautious investors braced for the US&nbsp;Federal Reserve's interest-rate decision, expected later in the day.</p>


<p>BANGKOK (Jan 29): ByteDance's TikTok will invest 126.8 billion baht (US$3.76 billion, or RM16.51 billion) in Thailand in a data hosting service, the Thai investment board said on Wednesday.</p>


<p>KUALA LUMPUR (Jan 29): The retail price of diesel in Peninsular Malaysia will increase by five sen per litre, from RM3.13 to RM3.18 per litre, from Jan 30 to Feb 5, while in Sabah, Sarawak, and Labuan, the price remains at RM2.15 per litre.</p>


<p>MILAN/ROME/DUBLIN/BERLIN (Jan 29): The Chinese artificial intelligence (AI) app DeepSeek could not be accessed on Wednesday in Apple and Google app stores in Italy, the day after the country's data protection authority requested information on its use of personal data.</p>


<p>(Jan 29): Thailand expects to complete its first high-speed rail network linking the country to China through Laos in 2030, a long-delayed project officials have touted as key to furthering bilateral relations and trade between the two nations.</p>


<p>BRUSSELS (Jan 29): The European Commission presented on Wednesday its plans to reverse industrial decline in the bloc, and step up efforts to compete with the United States and China in new fields such as artificial intelligence (AI), to lower energy costs, and to cut red tape.</p>


<p>WASHINGTON (Jan 29): The US&nbsp;trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods, in anticipation of broad tariffs from President Donald Trump's new administration.</p>


<p>KUALA LUMPUR (Jan 29): Global air cargo markets made significant strides last year, with demand rising 11.3% in cargo tonne-kilometres (CTK) compared to 2023, surpassing the record volumes set in 2021, according to the International Air Transport Association (IATA).</p>
