<div>This article first appeared in <em>The Edge Financial Daily</em>, on February 3, 2017.<br />
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&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Berjaya Corp Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Berjaya Corp Bhd (BCorp) (fundamental: 0.35/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the first time this year. It&nbsp; closed up one and a half sen or 3.95% at 39.5 sen yesterday, with a volume of 30.88 million shares, far exceeding its 200-day average volume of 6.55 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>BCorp reported an increase in net profit of 44.37% to RM176.51 million or 3.27 sen per share for the quarter ended Oct 31, 2016 (2QFY17), from RM122.25 million or 2.47 sen a year ago, it said in a filing with Bursa Malaysia on Dec 29. The better performance from its property investment and development business segment was largely due to sales of residences at its recently opened Four Seasons Hotel Kyoto in Japan. Meanwhile, its 2QFY17 revenue was 8.88% higher at RM2.46 billion compared with RM2.26 billion in 2QFY16. The group said its restaurant and cafe business also recorded higher profit due to higher contribution from the Starbucks operations in Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>At the current share price, BCorp is trading at 0.26 times its book value.</p></div>


This article first appeared in The Edge Financial Daily, on February 3, 2017.

 

Berjaya Corp Bhd (-ve)

SHARES in Berjaya Corp Bhd (BCorp) (fundamental: 0.35/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for th...

Stock With Momentum: Berjaya Corp

Recently, Malaysians and Americans shared a striking political moment. In Malaysia, former Prime Minister Datuk Seri Najib Razak issued a rare apology for his role in the multibillion-dollar 1Malaysia Development Bhd (1MDB) scandal. Responses from Malaysians to Najib’s apology have been sharply divided.

MySay: Najib’s apology and Trump’s return to the US presidency: What is happening to normal and truth?

China's factory activity expanded modestly for a second straight month in November, an official survey showed on Saturday, adding to a string of recent data suggesting a blitz of stimulus is finally trickling through the world's second-largest economy.

China November factory activity expands for second month as Trump threats loom

The flood situation in seven out of nine affected states has worsened on Saturday morning, with the number of evacuees at relief centres (PPS) surpassing 120,000, compared to 106,505 reported on Friday night.

Flood worsens, evacuees exceed 120,000

Much has been reported about the Sarawak government’s negotiations via Petroleum Sarawak Bhd (Petros) with Petroliam Nasional Bhd (Petronas) for the Bornean state’s rights to regulate the oil and gas (O&G) developments within its boundaries. Next door, however, information on Sabah’s progress has seemed scant by comparison, given that both states are on a similar quest.

Sabah’s O&G aspirations quietly brewing

Bank of Japan (BOJ) Governor Kazuo Ueda said the timing of the next interest rate hike was "approaching" as the economy was moving in line with the central bank's forecasts, the Nikkei newspaper reported, leaving open the chance of a December rate increase.

BOJ's Ueda says rate hike timing 'approaching' — report

US trade officials announced on Friday a new round of tariffs on solar panel imports from four Southeast Asian nations after American manufacturers complained that companies there are flooding the market with unfairly cheap goods.

US sets tariffs for solar panels from Southeast Asian nations

Global stock markets rallied on Friday, with Wall Street crowning November with its biggest monthly gain in a year on post-election growth hopes, while the dollar eased amid prospects for firmer rates in Japan and easing in Europe.

Stocks rally, dollar droops in abbreviated session

Oil prices edged lower on Friday and posted a weekly decline of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as Opec+ is expected to extend output cuts.

Oil settles down as ease of supply risks drives weekly loss

The S&P 500 and Dow Jones Industrial Average notched record closing highs in a shortened Black Friday session, lifted by technology stocks such as Nvidia, while retail was in focus as the holiday shopping season kicked off.

S&P 500, Dow close at record highs on tech, retail in focus

The number of flood victims in eight affected states has continued to rise, while the situation in Perak remained unchanged. As of 8 pm Friday, the total number of evacuees taking shelter in temporary relief centres (PPS) stood at 106,505.

Flood evacuees total over 100,000 as Kelantan records highest number of victims

<p>KUALA LUMPUR (Nov 29): &nbsp;Here is a brief recap of some corporate announcements that made news on Friday.</p>

<p><strong>Public Bank Bhd </strong>(KL:PBBANK), Malaysia’s third-largest bank by assets, posted a 12% increase in net profit to RM1.91 billion for the third quarter ended Sept 30, ...

Public Bank, RHB Bank, Padini, QL Resources, LBS Bina, IGB, AAX, Panasonic, Velesto Energy, Sapura Energy, Phamarniaga and Hextar Industries

<p>An investment vehicle linked to Berjaya Group’s Tan Sri Vincent Tan Chee Yioun has emerged as a substantial shareholder in Berjaya Food Bhd (KL:BJFOOD) with a 8.09% stake.</p>


Vincent Tan-linked vehicle emerges as substantial shareholder in Berjaya Food with 8.09% stake

<p>Much has been reported about the Sarawak government’s negotiations via Petroleum Sarawak Bhd (Petros) with Petroliam Nasional Bhd (Petronas) for the Bornean state’s rights to regulate the oil and gas (O&amp;G) developments within its boundaries. Next door, however, information on Sabah’s progress has seemed scant by comparison, given that both states are on a similar quest.</p>


<p>The S&amp;P 500 and Dow Jones Industrial Average notched record closing highs in a shortened Black Friday session, lifted by technology stocks such as Nvidia, while retail was in focus as the holiday shopping season kicked off.</p>


<p>Bank of Japan (BOJ) Governor Kazuo Ueda said the timing of the next interest rate hike was "approaching" as the economy was moving in line with the central bank's forecasts, the <em>Nikkei </em>newspaper reported, leaving open the chance of a December rate increase.</p>


<p>China's factory activity expanded modestly for a second straight month in November, an official survey showed on Saturday, adding to a string of recent data suggesting a blitz of stimulus is finally trickling through the world's second-largest economy.</p>


<p>The flood situation in seven out of nine affected states has worsened on Saturday morning, with the number of evacuees at relief centres (PPS) surpassing 120,000, compared to 106,505 reported on Friday night.</p>
