<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on November 21, 2018 - November 27, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>Guan Chong Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>TRADING of shares in Guan Chong Bhd (fundamental: 0.90/3, valuation 1.50/3) triggered our momentum algorithm on Monday for the ninth time this year. The stock closed 19 sen or 6.64% higher at RM3.05, with 3.77 million shares done versus the counter’s 200-day average trading volume of 548,236 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Last Monday, Guan Chong reported a 47.7% year-on-year jump in net profit for the third quarter ended Sept 30, 2018 (3QFY18) to RM43.87 million from RM29.7 million amid higher sales, an increased bean grinding and a lower input cost.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue grew 10.3% to RM598.78 million from RM542.86 million for the previous year’s corresponding quarter, as sales volume of cocoa ingredients increased almost 20%. In the cumulative nine months, the group’s net profit jumped 116.4% to RM126.23 million from RM58.33 million, though revenue dipped to RM1.61 billion from RM1.66 billion.</p></div>

<div class=newsTextDataWrapInner><p>The group is confident about posting its best-ever performance for FY18, backed by higher sales of cocoa ingredients amid strong demand from the global chocolate industry.</p></div>


Guan Chong Bhd (+ve)

TRADING of shares in Guan Chong Bhd (fundamental: 0.90/3, valuation 1.50/3) triggered our momentum algorithm on Monday for the ninth time this year. The stock closed 19 sen or 6.64% higher at RM3.05, with 3.77 million shares done versus the counter’...

Stock With Momentum: Guan Chong

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

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.

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

Wall Street's main indexes opened slightly higher in a shortened Black Friday trading session, on track for monthly gains as the holiday shopping season kickoff brought retail stocks into focus.

Wall Street inches up; Black Friday sales, retailers in focus

KUALA LUMPUR (Nov 29):  Here is a brief recap of some corporate announcements that made news on Friday.

Public Bank Bhd (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

The finance chief of India's Adani Group on Friday rejected US allegations that executives, including Chairman Gautam Adani, were part of a US$265 million (RM1.2 billion) bribery scheme, while the Indian government said it has not received any US request on the case.

Adani Group CFO rejects bribery allegations, India says no US request yet on case

Sarawak needs a high-quality workforce to support its mission to become Malaysia’s hub for the aerospace industry.

Abang Jo: Sarawak needs quality workforce to support aerospace industry

EG Industries Bhd (KL:EG) on Friday posted an over threefold jump in its July-September quarter net profit from the same period a year ago, driven by higher sales and better margins — particularly from 5G wireless access and photonic-related products.

EG Industries upbeat on prospects as it kicks off FY2025 with record profit 

Syarikat Air Darul Aman Sdn Bhd (SADA) has temporarily ceased operations at seven of its water treatment plants (WTPs) after the water levels at their intake points reached a critical stage.

Seven water treatment plants in Kedah forced to cease operations

Quality Care India Ltd, the Indian hospital chain backed by Blackstone Inc, agreed to combine with Aster DM Healthcare Ltd in an all-stock deal that will create one of India’s largest hospital chains.

Blackstone deepens India push with US$5 bil hospital deal

European and American carmakers are set to lose up to 17% of their combined annual core profits if the US imposes import tariffs on Europe, Mexico and Canada, S&P Global said in a report on Friday, warning of potential credit downgrades.

Trump's tariffs could cost carmakers up to 17% of combined core profits, S&P says

<p>Low-cost, medium-haul airline AirAsia X Bhd (KL:AAX) reported a surge in net profit for the third quarter, as currency gains and higher revenue offset a jump in operating expenses.</p>

<p>Net profit for the quarter ended Sept 30, 2024 (3QFY2024) was RM121.64 million, a 22-time jump when compared to the same quarter last year, AirAsia X said in an exchange filing. The company booked RM125.29 million from both realised and unrealised net foreign exchange gains.</p>


AirAsia X reports 22-fold jump in net profit on currency gains

<p>TSMC's founder Morris Chang asked Nvidia's Jensen Huang to consider becoming the chief executive of the Taiwanese chip giant more than a decade ago, but was turned down in just 10 minutes, Chang says in a new volume of autobiography.</p>


TSMC founder Morris Chang offered top job to Jensen Huang, memoir shows

<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, ...

<p>Velesto Energy Bhd's (KL:VELESTO) shares fell to their lowest in close to two years on Friday, despite reporting a more than 30-fold jump in its third quarter (3Q) net profit, as it flagged a challenging outlook amid slower demand after announcing that a client had suspended the contract of its Naga 8 jack-up rig.</p>


Velesto's share price skids despite 3Q profit jump as it flags slowing demand for jack-up rigs

<p>IGB Bhd (KL:IGBB) has declared a dividend payout of 12 sen per share for FY2024 — comprising an interim dividend of seven sen and a special dividend of five sen — as its latest third quarter net profit jumped 27% from the corresponding quarter last year, driven by higher contributions from its retail, commercial and hotel segments.</p>


IGB pays 12 sen dividend for FY2024, including a five-sen special, as 3Q profit jumps 27%

<p>Muar Member of Parliament&nbsp;Syed Saddiq Syed Abdul Rahman said on Friday that he will immediately file an appeal against the conviction and sentence handed down to him by the High Court&nbsp;in his criminal breach of trust (CBT) and money-laundering case, after finally receiving the full written judgement.</p>


Syed Saddiq to immediately file graft appeal after finally receiving written judgement

<p>Lotte Chemical Titan Holding Bhd (KL:LCTITAN) has appointed a new president and chief executive officer as part of changes in board representatives of its South Korean parent company.</p>


Lotte Chemical Titan appoints new CEO, executive director

<p>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.</p>


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EVENING 5: Five things you need to know today

<p>Bursa Malaysia has approved Practice Note 17 (PN17) company Pharmaniaga Bhd’s (KL:PHARMA) regularisation plan, which was revised to adjust its capital reduction and exclude warrants from its rights issue, exactly a year after the initial iteration was announced.</p>


A year on, Pharmaniaga finally gets Bursa nod on regularisation plan

<p>Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines Bhd, received its first Airbus 330-900 (A330neo) wide-body aircraft on Friday.</p>

<p>The A330neo, initially scheduled to be delivered in September, departed from the Airbus Delivery Centre in Toulouse, France, on Thursday at 8.52pm local time, and safely arrived at the Kuala Lumpur International Airport on Friday at 4.52pm, said Malaysia Airlines.</p>


Malaysia Airlines takes delivery of its first A330neo from Airbus

<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>


<p>Padini Holdings Bhd (KL:PADINI) said on Friday that the retail business remains tough&nbsp;amid rising cost of living, after the apparel company reported a sharp drop in profits.</p>


Padini flags tough retail scene after 57% drop in 1Q profit, keeps up dividend payout

<p>Former prime minister Datuk Seri Najib Razak has just filed his defence statement to answer the four abuse of power and 21 money-laundering charges that he is facing in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial, the hearing of which is set for Monday (Dec 2)&nbsp;before trial judge Datuk Collin Lawrence Sequerah.</p>


Najib has filed his defence statement for 1MDB-Tanore trial

<p>Higher aluminium prices during the quarter ended Sept 30, 2024 (3QFY2024), coupled with higher contributions from its associated companies, sent Press Metal Aluminium Holdings Bhd’s (KL:PMETAL) net profit flying.</p>


Higher aluminium prices drive Press Metal’s 3Q net profit

<p>US trade officials are expected to announce 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.</p>


US to decide on another round of solar panel tariffs

<p>South Malaysia Industries Bhd (KL:SMI) announced on Friday that no extraordinary general meeting will be held on Jan 9, 2025, and slammed an advertisement placed in an English daily by the representative of its major shareholder as "misleading the public and shareholders".</p>


SMI slams EGM advert as ‘misleading’, seeks SC clarification over director appointments

<p>IGB Commercial Real Estate Investment Trust (IGB Commercial REIT) (KL:IGBCR) is buying two office floors in Menara Southpoint of Mid Valley City from its sponsor and parent company, IGB Bhd (KL:IGB), for RM62.4 million cash. IGB holds 53.84% in IGB Commercial REIT.</p>


IGB Commercial REIT buys two office floors in Menara Southpoint from IGB for RM62.4 mil cash

<p>Nextgreen Global Bhd (KL:NGGB) saw a more than fourfold increase in its net profit for the third quarter ended Sept 30, 2024 (3QFY2024), driven by strong performance in its manufacturing segment.</p>


Nextgreen Global's 3Q net profit quadruples on strong manufacturing performance

<p>Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.</p>
