<div>This article first appeared in <em>The Edge Financial Daily</em>, on February 20, 2017.<br />
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<div class=newsTextDataWrapInner><p><strong>Hexza Corp Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Hexza Corp Bhd (fundamental: 1.65/3, valuation: 2.6/3) triggered our momentum algorithm last Friday for the first time this year, after a research house noted it may rise higher on positive technicals. The stock closed two sen higher at RM1.06, after 3.63 million shares were traded, compared with its 200-day average volume of 231,401 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In the second quarter ended Dec 31, 2016 (2QFY17), Hexza’s net profit surged 248.7% to RM9.48 million from RM2.72 million a year ago, mainly due to an unrealised foreign exchange gain, while operating expenses fell 47%. Revenue fell 27% to RM26.86 million from RM36.65 million as its manufacturing segment was impacted by a two-month halt in production by bottlers seeking clarification on a new excise duty order.</p></div>

<div class=newsTextDataWrapInner><p>For the first half of FY17, it posted a net profit of RM24.29 million, up 129% from RM10.61 million a year ago. Revenue slid 17% to RM61.16 million from RM73.92 million previously.</p></div>


This article first appeared in The Edge Financial Daily, on February 20, 2017.

 

Hexza Corp Bhd (-ve)

SHARES in Hexza Corp Bhd (fundamental: 1.65/3, valuation: 2.6/3) triggered our momentum algorithm last Friday for the first t...

Stock With Momentum: Hexza Corp

<p>KUALA LUMPUR (Oct 2): RHB Research said Malaysia is poised to become the largest data centre (DC) hub in the region, with Johor as the new DC capital, bringing online at least 1.4 gigawatt&nbsp;(GW) over the next three years, while it shrugs off concerns about potential oversupply.</p>


RHB sees Johor as new capital for regional data centre hub, dismisses oversupply concerns

<p>Sunway Bhd (KL:SUNWAY) plans to buy a 17.58-acre (7.11-hectare) prime land in Taman Taynton, Kuala Lumpur, for RM320 million, earmarking it for mixed-use development.</p>


Sunway to buy Taman Taynton land for RM320m for mixed development

<p>Malaysia is expanding oil and gas exploration in the disputed South China Sea despite pressure from Chinese vessels that have maintained a constant presence in waters where both sides have overlapping claims, according to a new report.</p>


Malaysia defies China with offshore drilling, US think tank says

<p>Fifty-six pensioners want the High Court to enforce the Court of Appeal (COA) decision that they are entitled to obtain their pre-2013 pension adjustment arrears prospectively from the appellate court’s decision in January 2022.</p>


Pensioners want High Court to enforce January 2022 COA ruling regarding their pension arrears

<p>Malaysia’s automotive sales volume could continue to surprise the market, Kenanga Investment Bank flagged on Wednesday, as it upgraded the sector to “overweight” from “neutral”.</p>


Car sales in Malaysia could spring some surprises, Kenanga says in sector upgrade 

<p>Telekom Malaysia Bhd (KL:TM) data centre joint venture (DC JV) with Singtel could potentially contribute RM80 million to RM85 million in earnings to the group, or 4% of group profit after tax and minority interests in FY2027, according to RHB Research in a note on Wednesday.</p>


Analysts see RM80m-RM85m earnings boost for TM from data centre JV starting FY2027

<p>Shares of Chinese property developers rallied like never before after Beijing joined its so-called tier-one city peers to ease rules for homebuyers, following the Asian nation’s call to put a floor under the property market decline.</p>


China’s defaulted developers soar 200% in speculative frenzy 

<p>Escalating tensions in the Middle East triggered a broad sell-off in the Malaysian stock market, with the benchmark index falling to a three-week low.</p>

<p>Fund managers whom <em>The Edge</em> spoke to said market sentiment may turn cautious in the near term, though the selling pressure could just be a knee-jerk reaction to the latest developments in the Middle East.</p>


Fund managers turn cautious as Middle East tensions spark selling pressure in Malaysian equities

<p>TNG Digital's&nbsp;e-Trade&nbsp;feature&nbsp;is expected to help boost investor engagement and market liquidity on Bursa Malaysia, according to BIMB Securities.</p>


TNG Digital's e-Trade feature seen boosting investor engagement, market liquidity

<p>Google held a groundbreaking ceremony on Tuesday at The St Regis Kuala Lumpur to commence the construction of its first data centre in Malaysia at Sime Darby Property Bhd's (KL:SIMEPROP) Elmina Business Park in the City of Elmina township,&nbsp;Selangor.</p>


Sime Darby Property commences construction of Malaysia’s first Google hyperscale data centre in City of Elmina

<p>KUALA LUMPUR (Oct 2): Fugitive Low Taek Jho, or Jho Low’s presence was felt “everywhere” in the 1 Malaysia Development Bhd (1MDB) debacle, according to prosecution in former prime minister Datuk Seri Najib Abdul Razak’s US$620 million (RM2.27 billion) 1MDB-Tanore trial.&nbsp;</p>


Prosecution: Jho Low was ‘everywhere’ in 1MDB

<p>Northeast Group Bhd, a precision components maker en route to the ACE Market, could be worth 18% more than its initial public offering (IPO) price thanks to strong revenue and profits, said TA Securities.</p>


Northeast Group's shares may be worth 18% more than IPO price — TA Securities

<p>Johor-based bakery products maker SDS Group Bhd (KL:SDS) will see strong earnings growth over the next three years from rising demand while a stronger ringgit could boost margins, Tradeview Capital said.</p>


Bakery firm SDS to see strong earnings growth, Tradeview says in coverage initiation

<p>Prosecution witness Datuk Zarul Ahmad Mohd Zulkifli told the Sessions Court on Wednesday that former Penang chief minister Lim Guan Eng had told him privately that the undersea tunnel project would be given to his company under direct negotiation if he managed to arrange the signing of a memorandum of understanding (MOU) on it during the Chinese premier’s visit to Malaysia in 2011.</p>


Witness claims Guan Eng said 'secure MOU signing in Chinese premier's presence, you will get Penang undersea tunnel project'

<p>KUALA LUMPUR (Oct 2): Datasonic Group Bhd (KL:DSONIC), a leading provider of security-related integrated information and communication technology&nbsp;(ICT) solutions in Malaysia, is accelerating global expansion to elevate its&nbsp;presence and diversify revenue streams.</p>


Datasonic accelerating global expansion to elevate presence, diversify revenue

<p>The court should look at former prime minister Datuk Seri Najib Razak's conduct and actions, which the prosecution contends reflect his vested interest in troubled strategic development company 1Malaysia Development Bhd (1MDB).</p>


Najib's conduct indicative of vested interest in 1MDB, says prosecution

<p>KUALA LUMPUR (Oct 2): Economists remain upbeat about Malaysia’s manufacturing conditions despite a slight contraction in September’s Purchasing Managers’ Index (PMI), supported by stable domestic demand and stimulus measures from China-Malaysia’s largest trading partner.</p>


Economists remain optimistic on Malaysia’s manufacturing sector despite September PMI dip

<p>A spat between two wealthy South Korean families over the future of an US$11 billion (RM45.78 billion) zinc empire has descended into a bitter battle for control that could hamper efforts to diversify the global supply of energy-transition metals.</p>


A bitter feud risks ripping apart an US$11 bil metals empire

<p>ON Aug 28, 2024, the Swiss Federal Criminal Court convicted Swiss-Saudi Tarek Obaid and Swiss-British national Patrick Mahony for embezzling more than US$1.8 billion from 1MDB. Obaid swindled at least US$805 million and Mahony more than US$37 million, the court found.</p>

<p>They were both con...

1MDB update: 1MDB was only the first of many steps in Jho Low and Tarek Obaid’s plan to steal from Malaysia using PetroSaudi as a front

<p>Democrat Tim Walz and Republican JD Vance clashed on Tuesday at a vice presidential debate that was surprisingly civil in the final stretch of an ugly election campaign marred by inflammatory rhetoric and two assassination attempts.</p>
