<div>This article first appeared in <em>The Edge Financial Daily</em>, on November 22, 2016.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Ge-Shen Corp Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>Shares in Ge-Shen Corp Bhd (fundamental: 1.3/3, valuation: 0.5/3) triggered our momentum algorithm yesterday for the second time this year. Shares in the high precision plastics manufacturer climbed to a two-month high of RM1.83, up nine sen or 5.17%. The counter saw a total of 1.02 million shares traded, some 3.3 times its 200-day average volume of 308,353 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Ge-Shen recorded an increase in revenue to RM54 million for the third quarter ended Sept 30, 2016. This was 19.7% higher than the RM45.1 million it recorded in the previous year’s corresponding quarter. The group attributed this to its newly acquired subsidiary, Polyplas Sdn Bhd, and higher sales in Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, net profit for the period fell to RM6 million from RM8.7 million on the back of a weaker ringgit, according to Ge-Shen.</p></div>

<div class=newsTextDataWrapInner><p>This dragged its basic earnings per share down to RM7.22 from RM9.60. The group has a market capitalisation of RM139.2 million and is trading on a par with its book value.</p></div>


This article first appeared in The Edge Financial Daily, on November 22, 2016.

 

Ge-Shen Corp Bhd (-ve)

Shares in Ge-Shen Corp Bhd (fundamental: 1.3/3, valuation: 0.5/3) triggered our momentum algorithm yesterday for the second...

Stock With Momentum: Ge-Shen Corp

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<p>President Joe Biden was caught on a hot mic saying China is “testing” the US and its allies in the Indo-Pacific region during a Quad leaders’ summit — even as the bloc’s members in their public remarks sidestepped the idea that they are a counterweight to Chinese influence.</p>


<p>The US Commerce Department is expected on Monday to propose prohibiting Chinese software and hardware in connected and autonomous vehicles on American roads due to national security concerns, two sources told <em>Reuters</em>.</p>


<p>The Federal Reserve’s preferred price metric and a snapshot of consumer demand are seen corroborating both the central bank’s aggressive interest-rate cut and Chair Jerome Powell’s view that the economy remains strong.</p>


<p>Boutique developer Mitraland Group is launching its second landed residential development — 22 Quartz in Setia Alam, Selangor — on Oct 5.</p>


<p>Elon Musk backed down and decided to comply with court orders in Brazil, an attempt to end a monthslong clash that culminated in million-dollar fines and the banning of his social network X in Latin America’s largest economy.</p>


<p>General Motors will lay off 1,695 workers at its Fairfax Assembly plant in Kansas, the company said in a Worker Adjustment and Retraining Notification notice earlier this week.</p>


<p>The condition of higher education is instrumental to the strengthening and development of a nation, but as new generations of aspiring scientists are faced with increasingly complex global issues from the pandemic to climate change, how can universities adapt their curricula to prepare their students?</p>


<p>Donald Trump on Saturday rejected another debate with Vice President Kamala Harris before the US presidential election, hours after the Democratic candidate's campaign said she had agreed to an Oct 23 matchup with her Republican rival on <i>CNN</i>.</p>
