<div>This article first appeared in <em>The Edge Financial Daily</em>, on February 3, 2017.<br />
<br />
&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

KUALA LUMPUR (Oct 13): The Kuala Lumpur and Selangor Chinese Chamber of Commerce and Industry (KLSCCCI) has proposed for Budget 2025 to allocate additional funding to further drive digital integration and boost efficiency among the small and medium enterprises (SMEs).

Budget 2025: Commerce and industry chamber calls for additional funding to boost SMEs

JAKARTA (Oct 13): Apple launched the iPhone 16 globally on Sept 10; however, its official marketing in Indonesia has been delayed due to pending permits from the Ministry of Industry.

Indonesia delays Apple’s iPhone 16 sale after shortfall in promised investment

(Oct 13): The European Central Bank will probably advance the global push for monetary easing in the coming week, with an interest-rate cut that policymakers had all but ruled out just a month ago.

ECB is set to deepen global easing with rate cut it didn’t expect

BEIJING (Oct 13): China's consumer inflation unexpectedly eased in September, while producer price deflation deepened, heightening pressure on Beijing to roll out more stimulus measures quickly to revive flagging demand and shaky economic activity.

China's deflationary pressures build in September, consumer inflation cools

BANDAR SERI BEGAWAN (Oct 13): His Majesty Sultan Ibrahim King of Malaysia arrived in Bandar Seri Begawan on Sunday to begin a three-day state visit to Brunei.

Malaysian King, Queen arrive in Brunei for three-day state visit

SHAH ALAM (Oct 13): The Selangor Islamic Religious Department (JAIS) will not hesitate to shut down any private religious school in the state found to be involved in abuse, sexual harassment, or actions that violate the fundamental principles of Islam.

Private religious schools involved in abuse face strict action — JAIS

PUTRAJAYA (Oct 13): Budget 2025 will take into account the views and recommendations of various parties, industries, and citizens across all walks of life, which had been put forth during the various engagement sessions held nationwide.

Budget 2025 takes into account proposals from industries, the people — Treasury sec-gen

WASHINGTON (Oct 12): Russia and China blocked a proposed consensus statement for the East Asia Summit drafted by Southeast Asian countries, mainly over objections to language on the contested South China Sea, a US official told Reuters on Saturday.

US official accuses Russia and China of blocking Asean leaders' statement

BENGALURU (Oct 12): More than a hundred Hilton hotel workers in Seattle have walked off the job, calling for higher wages, fair staffing and workloads, and the reversal of Covid-19 era cuts, the Unite Here union said on Saturday.

Hundreds of Hilton hotel workers walk off the job in Seattle

BEIRUT/CAIRO (Oct 12): Israel ordered more evacuations and targeted a new location in northern Lebanon on Saturday, as a third United Nations (UN) peacekeeper was wounded in Israel's escalating conflict with Iran-backed Lebanese group Hezbollah.

Israel orders evacuation of more southern Lebanese towns

<p>BENGALURU (Oct 12): More than a hundred Hilton hotel workers in Seattle have walked off the job, calling for higher wages, fair staffing and workloads, and the reversal of Covid-19 era cuts, the Unite Here union said on Saturday.</p>


<p>KUALA LUMPUR (Oct 13): Avaland Bhd (KL:AVALAND) is unveiling the 13.4-acre masterplan of its integrated Avenue25 development in Subang Jaya on Oct 12. The project will feature various components, such as residential, commercial, retail and office, as well as a transport hub.</p>


Creating a sustainable integrated development

<p>KUALA LUMPUR (Oct 13): Poignant best describes the year 1948. It began with the assassination of Indian pacifist leader Mahatma Gandhi by an extremist. Midway through, our <em>tanahair</em> (homeland Malaysia) was rocked by what would be the start of a guerrilla war between the military forces of the Federation of Malaya and the Communists, that would become known as the Malayan Emergency, or Darurat Tanah Melayu. Happening almost concurrently 8,000km away in the Middle East was what is now referred to as the <em>Nakba</em>.</p>


Brave heart

<p>PUTRAJAYA (Oct 13): Budget 2025 will take into account the views and recommendations of various parties, industries, and citizens across all walks of life, which had been put forth during the various engagement sessions held nationwide.&nbsp;</p>


<p>WASHINGTON (Oct 12): Russia and China blocked a proposed consensus statement for the East Asia Summit drafted by Southeast Asian countries, mainly over objections to language on the contested South China Sea, a US&nbsp;official told <em>Reuters</em> on Saturday.</p>


<p>(Oct 13): The European Central Bank will probably advance the global push for monetary easing in the coming week, with an interest-rate cut that policymakers had all but ruled out just a month ago.</p>


<p>BEIJING (Oct 13): China's consumer inflation unexpectedly eased in September, while producer price deflation deepened, heightening pressure on Beijing to roll out more stimulus measures quickly to revive flagging demand and shaky economic activity.</p>


<p>BANDAR SERI BEGAWAN (Oct 13): His Majesty Sultan Ibrahim&nbsp;King of Malaysia&nbsp;arrived in Bandar Seri Begawan on Sunday to begin a three-day state visit to Brunei.</p>


<p>HANOI (Oct 13): Vietnam and China agreed on Saturday to boost defence and security cooperation, the Vietnamese government said, despite their years-long maritime dispute in the South China Sea.</p>


Chinese premier in Hanoi agrees to boost ties with Vietnam

<p>SHAH ALAM (Oct 13): The Selangor Islamic Religious Department (JAIS) will not hesitate to shut down any private religious school in the state found to be involved in abuse, sexual harassment, or actions that violate the fundamental principles of Islam.</p>


<p>BEIRUT/CAIRO (Oct 12): Israel ordered more evacuations and targeted a new location in northern Lebanon on Saturday, as a third United Nations (UN) peacekeeper was wounded in Israel's escalating conflict with Iran-backed Lebanese group Hezbollah.</p>


<p>JAKARTA (Oct 13): Apple launched the iPhone 16 globally on Sept 10; however, its official marketing in Indonesia has been delayed due to pending permits from the Ministry of Industry.</p>
