<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on November 1, 2017 - November 7, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>HeiTech Padu Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in HeiTech Padu Bhd (fundamental: 0.8/3, valuation: 2.0/3), which triggered our momentum algorithm yesterday for the ninth time this year, settled 1.5 sen or 1.66% higher at 92 sen, with 1.62 million shares done, versus its 200-day average volume of 233,573.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The information technology systems and technology services provider made three project win annoucements in the month of October.</p></div>

<div class=newsTextDataWrapInner><p>On Monday, HeiTech Padu said it has secured a three-year contract from the immigration department for the MyIMMS Application Maintenance Service, for a sum of RM42.43 million.</p></div>

<div class=newsTextDataWrapInner><p>Last week, it said it won an RM19.2 million contract to undertake mechanical and electrical works for renewable energy substations in Perak, scheduled to end on May 28, 2018.</p></div>

<div class=newsTextDataWrapInner><p>Earlier, on Oct 17, the company said it was awarded with three contracts to establish high voltage interconnection facilities for three solar plants in Kedah, Melaka, and Terengganu for a sum of RM75.16 million.</p></div>


HeiTech Padu Bhd (-ve)

SHARES in HeiTech Padu Bhd (fundamental: 0.8/3, valuation: 2.0/3), which triggered our momentum algorithm yesterday for the ninth time this year, settled 1.5 sen or 1.66% higher at 92 sen, with 1.62 million shares done, versus its 200-day average ...

Stock With Momentum: HeiTech Padu

France’s new premier Francois Bayrou vowed to sharply narrow the nation’s deficit to close to 5% of GDP, a plan that threatens a repeat of the stand-off which toppled the last government.

French premier seeking budget cuts that toppled the previous cabinet

Salesforce Inc says it’s taking multiple large customers from former partner Veeva Systems Inc in a mounting rivalry to sell software to the pharmaceutical industry.

Salesforce fights with Veeva by snagging drug customers

Iranian authorities have lifted a ban on Meta's instant messaging platform WhatsApp and Google Play as a first step to scale back internet restrictions, Iranian state media reported on Tuesday.

Iran lifts ban on WhatsApp and Google Play, state media says

Social media platform TikTok recorded 2,606 requests from the Malaysian government to remove or restrict content on its platform in 1H2024, the highest among all governments in the period, according to its latest report on government removal requests.

Malaysia tops TikTok content, account removal requests in 1H2024 among govts

Wall Street's main indexes rose on Tuesday in a truncated trading session before Christmas, with the S&P 500 and the Nasdaq up for the third consecutive day, helped by gains in a handful of megacap and growth stocks.

Wall Street rises in quiet Christmas Eve trading session

American Airlines Group Inc said a technical vendor glitch was the cause of a brief groundstop on all US flights on Christmas Eve, one of the busiest days of the holiday travel season.

American Air says Christmas Eve delays caused by tech glitch

KUALA LUMPUR (Dec 24): Here is a brief recap of the business news and corporate announcements that made the headlines on Tuesday:

Boustead Heavy Industries Corp Bhd's (KL:BHIC) shareholders have approved the disposal of the fabrication and engineering company’s 51% equity stake i...

BHIC, Pharmaniaga, MMAG, Prolintas, Nestcon, Datasonic, PUC, KKB Engineering, Parlo 

Malaysian Rating Corporation Bhd (MARC) on Tuesday affirmed Malaysia's public information sovereign rating at AAA with a "stable" outlook.

However, MARC flagged challenges from a high fiscal deficit and debt levels, as well as the tax revenue-to-gross domestic product (GDP) ratio of 12.6% in 2023, which remains below the peer average despite recovering to pre-pandemic levels.

MARC flags Malaysia's debt position as it keeps AAA, stable rating

OCBC Bank (Malaysia) Bhd (OCBC Bank) has been named Malaysia’s “Bank of the Year” by London-based publication The Banker for the second consecutive year.

OCBC Bank named top Malaysian bank for second year running

European natural gas prices fluctuated above €45 (RM210.32) a megawatt-hour amid persistent supply concerns, with just a week left until a key transit deal between Russia and Ukraine expires.

European gas swings with one week left before key transit deal expires

<p>KKB Engineering Bhd (KL:KKB) has initiated adjudication proceedings under the Construction Industry Payment and Adjudication Act against a contractor over outstanding claims amounting to RM10.1 million.</p>


KKB Engineering sues glove factory project contractor over unpaid claims

<p>KUALA LUMPUR (Dec 24): Here is a brief recap of the business news and corporate announcements that made the headlines on Tuesday:</p>

<p><b>Boustead Heavy Industries Corp Bhd</b>'s (KL:BHIC) shareholders have approved the disposal of the fabrication and engineering company’s 51% equity stake i...

<p>OCBC Bank (Malaysia) Bhd (OCBC Bank) has been named Malaysia’s “Bank of the Year” by London-based publication <i>The Banker</i> for the second consecutive year.</p>


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EVENING 5: Five things you need to know today

<p>Social media platform TikTok recorded 2,606 requests from the Malaysian government to remove or restrict content on its platform in 1H2024, the highest among all governments in the period, according to its latest report on government removal requests.</p>


<p>Nestcon Bhd’s (KL:NESTCON) wholly owned subsidiary&nbsp;Nestcon Infra Sdn&nbsp;Bhd is set&nbsp;to develop a large-scale solar photovoltaic plant (LSSPV) with 14.99 megawatts of alternating current (MWac) in&nbsp;Bongawan, Kimanis, Sabah.</p>


Nestcon wins bids to develop 18.99 MWac LSS power plant projects in Sabah

<p>Major banks and business groups sued the Federal Reserve on Tuesday, alleging the US central bank's annual "stress tests" of Wall Street firms violate the law.</p>


Big banks, business groups sue US Fed over annual stress tests 

<p>Malaysian Rating Corporation Bhd (MARC) on Tuesday affirmed Malaysia's public information sovereign rating at AAA with a "stable" outlook.</p>

<p>However, MARC flagged challenges from a high fiscal deficit and debt levels, as well as the tax revenue-to-gross domestic product (GDP) ratio of 12.6% in 2023, which remains below the peer average despite recovering to pre-pandemic levels.</p>


<p>American Airlines Group Inc said a technical vendor glitch was the cause of a brief groundstop on all US flights on Christmas Eve, one of the busiest days of the holiday travel season.</p>


<p>The Road Transport Department (JPJ) has initiated a comprehensive investigation and safety audit on the vehicle companies involved in the fatal accident at KM204 of the North-South Expressway (PLUS) northbound in Melaka on Monday night.</p>


JPJ launches investigation, safety audit over KM204 fatal crash

<p>Any attempts to sow division or actions that trigger racial discord must be avoided, said Prime Minister Datuk Seri Anwar Ibrahim.</p>

<p>In a Facebook post on Tuesday, in conjunction with Christmas, which will be celebrated by Christians on Wednesday, Anwar emphasised that all Malaysians need each other and complement one another, particularly in efforts to build a successful and distinguished national identity.</p>


Any attempts to incite racial discord must be avoided — PM

<p>Wall Street's main indexes rose on Tuesday in a truncated trading session before Christmas, with the S&amp;P 500 and the Nasdaq up for the third consecutive day, helped by gains in a handful of megacap and growth stocks.</p>


<p>Salesforce Inc says it’s taking multiple large customers from former partner Veeva Systems Inc in a mounting rivalry to sell software to the pharmaceutical industry.</p>


<p>During their inaugural meeting on Monday, Malaysia and the Kyrgyz Republic committed to exploring collaboration and exchanging information on the latest advancements in agriculture.</p>


Malaysia, Kyrgyz Republic set to explore agriculture collaboration

<p>France’s new premier Francois Bayrou vowed to sharply narrow the nation’s deficit to close to 5% of GDP, a plan that threatens a repeat of the stand-off which toppled the last government.</p>


<p>European natural gas prices fluctuated above €45 (RM210.32) a megawatt-hour amid persistent supply concerns, with just a week left until a key transit deal between Russia and Ukraine expires.</p>


<p>Iranian authorities have lifted a ban on Meta's instant messaging platform WhatsApp and Google Play as a first step to scale back internet restrictions, Iranian state media reported on Tuesday.</p>


<p>Registered paddy farmers nationwide are encouraged to join the Paddy Crop Takaful Scheme (STTP) as protection against unforeseen disasters.</p>

<p>In a statement on Tuesday, Agrobank highlighted that the STTP is crucial for farmers, especially when facing natural disaster risks such as floods or drought and pest and disease infestations.</p>
