<div class=newsTextDataWrapInner>Denko Industrial Corp Bhd (-ve) 
THE thinly-traded shares of Denko (Fundamental: 0.8/3, Valuation: 0.9/3) saw renewed trading interest last week, gaining 21.2% in just 4 days to close at 31.5 sen on Thursday. &nbsp;</div>

<div class=newsTextDataWrapInner>Johor-based Denko operates in two segments: manufacturing of plastic injection moulding and high precision plastic parts as well as wholesaling of foodstuff and consumer goods. Over the past 5 years, it alternated between profit and loss.</div>

<div class=newsTextDataWrapInner>Denko returned to the black in FYMar2015 with a net profit of RM 3.1 million, thanks to increased contribution from manufacturing, especially from the plastic parts sub segment. Gearing stood at 21% as at end-March, down from 46% a year ago.&nbsp;</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>The company is disposing an underutilised warehouse in Penang for RM7.7 million — which will be used to repay borrowings and for working capital purposes. Upon completion of the transaction, Denko will realise a disposal gain of RM5.4 million and reduce its accumulated losses to RM2.4 million.</div>

<div class=newsTextDataWrapInner><img alt="denko_fd_200715_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/denko_fd_200715_theedgemarkets.png" style="height:690px; width:500px" /></div>

<div class=newsTextDataWrapInner>This article first appeared in The Edge Financial Daily, on July 20, 2015.</div>

Denko Industrial Corp Bhd (-ve)
THE thinly-traded shares of Denko (Fundamental: 0.8/3, Valuation: 0.9/3) saw renewed trading interest last week, gaining 21.2% in just 4 days to close at 31.5 sen on Thursday.  

Johor-based Denko operates in two segments: manu...

Stock With Momentum: Denko Industrial Corp

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Protesters stormed the parliament of the Russian-backed breakaway Georgian region of Abkhazia on Friday and opposition politicians demanded the resignation of the self-styled president over an unpopular investment agreement with Moscow.

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He also noted that this demonstrates the government's progress in meeting its set targets.

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The site consists of two interconnected floating solar plants, DTU 1 and DTU 2, with a combined generation capacity of 98 megawatt direct current (MWdc), according to Cypark.

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His son, Datuk Zairil Ayu Ibrahim, 49, confirmed the news when contacted.

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US industrial production declined in October as the impacts from a Boeing Co machinists’ strike and a pair of hurricanes reverberated through manufacturing for a second month.

The 0.3% decline in output at factories, mines and utilities followed a revised 0.5% decrease a month earlier, Federal Reserve data showed on Friday.

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Here is a brief recap of some corporate announcements that made the news on Friday.

MAHB, Kossan, Malaysia Smelting Corp, Ge-Shen, Prolintas, Farm Price, Citaglobal, Petra Energy and Sunsuria

Practice Note 17 (PN17) company Barakah Offshore Petroleum Bhd (KL:BARAKAH) said it will need to reformulate its regularisation plan after receiving an adjudication sum of RM78.8 million and updates on tendering contracts.

Economists are largely expecting Malaysia's gross domestic product (GDP) growth to sustain in the final quarter of 2024, but raised concerns about US tariff risks weighing on global trade, which may negatively impact Malaysia's economy in 2025.

Economists sanguine on Malaysia's 4Q prospects but flag global uncertainties may weigh on 2025

Aluminium soared as China announced it was removing a tax rebate that covers over five million tonnes of exports of the metal.

Futures in London jumped as much as 8.5% following the announcement from the country’s Ministry of Finance, which didn’t give a reason for the change.

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Cypark Resources Bhd (KL:CYPARK) said its floating solar farm at Danau Tok Uban, Kelantan (DTU) — Malaysia's largest — has been approved to start operations on Nov 16, 2024.

The site consists of two interconnected floating solar plants, DTU 1 and DTU 2, with a combined generation capacity of 98 megawatt direct current (MWdc), according to Cypark.

Former Penang deputy chief minister Tan Sri Dr Ibrahim Saad passed away at 6.30pm on Friday at Damansara Specialist Hospital due to respiratory complications. He was 78.

His son, Datuk Zairil Ayu Ibrahim, 49, confirmed the news when contacted.

Over the past two weeks, oil and gas (O&amp;G) players publicly traded on Bursa Malaysia have been announcing awards from Petronas and its production sharing contract partners, for maintenance, construction and modification (MCM) as well as hook-up commissioning (HUC) services.

The decision by several international institutions to revise Malaysia's economic growth projections reflects their confidence in the country's prospects for the year, said Investment, Trade and Industry (Miti) Minister Tengku Datuk Seri Zafrul Abdul Aziz.

He also noted that this demonstrates the government's progress in meeting its set targets.

Chinese President Xi Jinping warned against any efforts to unwind globalisation in his first major remarks since Donald Trump won the US presidential election after threatening to impose tariffs as high as 60% on the world’s second-biggest economy.

Sunsuria Bhd (KL:SUNSURIA) said it is acquiring a 20% stake in property developer KL City Gateway Sdn Bhd (KLCG) for RM10.47 million, and will inject about RM40 million in shareholder advances to the company.

Sunsuria buys 20% stake in Kg Sungai Baru developer for RM10 mil, to inject RM40 mil to kick-start development

Protesters stormed the parliament of the Russian-backed breakaway Georgian region of Abkhazia on Friday and opposition politicians demanded the resignation of the self-styled president over an unpopular investment agreement with Moscow.

Protesters used a truck to smash through the metal gates surrounding the parliament in the capital Sukhumi.

The Ministry of Education (MOE) will roll out a new preschool curriculum in 2026, emphasising an equal balance of 50% Malay and 50% English usage.

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Europe has spent the past two years trying to free itself from dependence on Russian energy, but more expensive alternatives are prompting some landlocked countries to go back to their old source.

A case in point is the Czech Republic, which in the summer of 2023 declared total independence from Russian natural gas and cut its imports to almost zero.

Traders see an interest-rate cut next month as a coin toss as resilient economic data empowers Federal Reserve officials to take a potentially more-cautious approach to easing.

In the swaps market, traders on Friday priced in a roughly 50% chance that the Fed delivers a quarter-point reduction at its December gathering, down from about 80% earlier in the week.

The Sabah government has referred the issue of two new maritime laws from the Philippines, which violate the state's maritime borders, to the federal government and Wisma Putra for further action.

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