<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on February 24, 2020 - March 1, 2020</span></p></div><div class=newsTextDataWrapInner><p><strong>Formosa Prosonic Industries Bhd (-ve)</strong><br />
TRADING of shares in Formosa Prosonic Industries Bhd (fundamental: 2.1/3, valuation: 1.8/3) triggered our momentum algorithm last Friday for the second time this year.</p></div>

<div class=newsTextDataWrapInner><p>The counter settled four sen or 2.27% lower at RM1.72 after some 4.02 million shares exchanged hands, about nine times higher than its 200-day average volume of 449,662 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Last Thursday, the sound systems maker reported a 43.7% jump in net profit to RM9 million for the fourth quarter ended Dec 31, 2019, from RM6.27 million a year ago on the back of higher sales volume and change in sales mix. Revenue rose 17.7% to RM175.34 million from RM148.98 million.</p></div>

<div class=newsTextDataWrapInner><p>For the full year ended Dec 31, 2019, net profit rose 13.9% to RM41.75 million from RM36.64 million a year ago, while revenue improved 36.7% to RM766.2 million from RM560.2 million.</p></div>


Formosa Prosonic Industries Bhd (-ve)
TRADING of shares in Formosa Prosonic Industries Bhd (fundamental: 2.1/3, valuation: 1.8/3) triggered our momentum algorithm last Friday for the second time this year.

The counter settled four sen or 2.27% lower at RM1.72 aft...

Stock With Momentum: Formosa Prosonic Industries

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China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.

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Russian President Vladimir Putin said on Thursday that Russia is open to a Slovakian proposal to host peace talks with Ukraine to end a conflict he said Russia was determined to bring to a conclusion.

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Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 6.85%, up from last week's reading of 6.72%.

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The US Treasury Department may need to take "extraordinary measures" by as early as Jan 14 to prevent the US from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers in a letter on Friday.

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Azerbaijan Airlines said the crash of its passenger plane in Kazakhstan that killed 38 people this week was caused by “external interference.”

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Terraform Labs Pte Ltd co-founder Do Kwon will be handed over to the US for prosecution, the government of Montenegro said, potentially ending a standoff over competing extradition demands by the US and Kwon’s native South Korea.

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President-elect Donald Trump thrust himself into the high-stakes fight over the fate of TikTok in the US by urging the Supreme Court to pause a law that would ban the social media platform if it isn’t sold by its Chinese parent company.

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After closing the books on a banner year for US stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving.

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<p>President-elect Donald Trump thrust himself into the high-stakes fight over the fate of TikTok in the US by urging the Supreme Court to pause a law that would ban the social media platform if it isn’t sold by its Chinese parent company.</p>


<p>The US Treasury Department may need to take "extraordinary measures" by as early as Jan 14 to prevent the US from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers in a letter on Friday.</p>


<p>China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.</p>


<p>Terraform Labs Pte Ltd co-founder Do Kwon will be handed over to the US for prosecution, the government of Montenegro said, potentially ending a standoff over competing extradition demands by the US and Kwon’s native South Korea.</p>


<p>After closing the books on a banner year for US stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving.</p>


<p>Azerbaijan Airlines said the crash of its passenger plane in Kazakhstan that killed 38 people this week was caused by “external interference.”</p>


<p>Freddie Mac's latest&nbsp;Primary Mortgage Market Survey<a data-rapid_p="7" data-v9y="1" data-ylk="slk:Primary Mortgage Market Survey,;elm:context_link;itc:0;sec:content-canvas" href="https://www.foxbusiness.com/category/home-mortgage" rel="nofollow noopener" target="_blank">,</a>&nbsp;released Thursday, showed that the average rate on the benchmark&nbsp;30-year fixed<u> </u>mortgage&nbsp;jumped to 6.85%, up from last week's reading of 6.72%.</p>


<p>Russian President Vladimir Putin said on Thursday that Russia is open to a Slovakian proposal to host peace talks with Ukraine to end a conflict he said Russia was determined to bring to a conclusion.</p>


<p>As we come to terms with the conclusion of COP29, the outcome — a shockingly diluted climate financing agreement — has left many questioning the credibility of the Conference of the Parties (COP) process. Originally conceived to ensure continuity and escalation of climate commitments, the COP con...

<p>Jeff Bezos’ aerospace firm Blue Origin fired up the engines on its massive new rocket, the New Glenn, on Friday — a last critical test needed to pave the way for the vehicle’s debut launch to space.</p>
