<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on June 6, 2017 - June 12, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>HIL Industries Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in HIL Industries Bhd (fundamental: 1.65/3, valuation: 0.8/3), which triggered our proprietary momentum algorithm yesterday, increased two sen or 1.67% at RM1.22 with 1.7 million shares traded compared with the counter’s 200-day average volume of 137,711.5 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group principally involves in injection molding, mould making, spray painting and metal stamping as well as design and manufacture of customised factory automation equipment for various industries.</p></div>

<div class=newsTextDataWrapInner><p>HIL Industries has proposed a bonus issue with free detachable warrants. The bonus issue of 55.74 million shares will be offered on the basis of one bonus share together with one warrant for every five existing shares held. The warrants will be convertible to HIL shares on a one-for-one basis, with 10-year tenure from the date of issuance.</p></div>

<div class=newsTextDataWrapInner><p>The stock is currently trading at 1.04 times its book value and has a market capitalisation of RM343 million, based on its latest traded price.</p></div>


HIL Industries Bhd (-ve)

SHARES in HIL Industries Bhd (fundamental: 1.65/3, valuation: 0.8/3), which triggered our proprietary momentum algorithm yesterday, increased two sen or 1.67% at RM1.22 with 1.7 million shares traded compared with the counter’s 200-day average v...

Stock With Momentum: HIL Industries

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<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>


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