<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

Malaysia's digital economy is poised to reach US$31 billion (RM138.4 billion) in gross merchandise value (GMV) in 2024, an increase of 16% from 2023.

According to the latest e-Conomy Southeast Asia (SEA) 2024 by Google, Temasek and Bain & Company, the country's digital economy has progressed towards profitability while maintaining double-digit growth for GMV.

Malaysia's digital economy to reach US$31 bil in 2024 — report

Shares of Hong Leong Industries Bhd (KL:HLIND) hit a new record high on Tuesday, after the motorcycle assembler reported a surge in quarterly profits.

Hong Leong Industries shares hit new all-time high amid surge in 1Q profit

Prime Minister Datuk Seri Anwar Ibrahim held a meeting on Tuesday with tycoons from several family-owned conglomerates, locally known as 'chaebols', as part of efforts to attract more foreign direct investment (FDI) into Malaysia.

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President-elect Donald Trump on Monday pledged big tariffs on the US' three largest trading partners — Canada, Mexico and China — detailing how he will implement campaign promises that could trigger trade wars.

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CIMB Securities Sdn Bhd through its analysis has indicated that Gamuda Bhd (KL:GAMUDA) and 99 Speed Mart Retail Holdings Bhd (KL:99SMART) may replace Genting Bhd (KL:GENTING) and Genting Malaysia Bhd (KL:GENM) as FBM KLCI constituents in the upcoming review in December.

"Based on Nov 25, 2024 market data, Gamuda’s and 99 Speed Mart’s market capitalisations have climbed to 16th and 25th position respectively, among eligible securities, while Genting Bhd and Genting Malaysia were ranked the lowest," the research firm said in a note on Tuesday.

Gamuda, 99 Speed Mart could join FBM KLCI constituents — CIMB Securities

Eastern & Oriental Bhd (KL:E&O) on Tuesday declared a special dividend, even as the property developer’s net profit only edged up slightly in the second financial quarter from a year earlier.

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Malaysia is currently leading the region's initial public offering (IPO) market, with increasing participation from both institutional and retail investors, reflecting growing interest in capital markets.

Rakuten Trade head of equity sales Vincent Lau said the stronger performance is underpinned by attractive valuations, supportive regulators — Bursa Malaysia and the Securities Commission — the government's clear business-centric framework, and improving fundamentals.

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President-elect Donald Trump on Monday pledged tariffs on the US' three largest trading partners — Canada, Mexico and China — detailing how he will implement campaign promises that could trigger trade wars.

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China's electric vehicle giant BYD said it will launch a new generation of blade batteries in 2025, Chinese state media CGTN reported on Saturday.

BYD says it will launch new generation of blade batteries next year

Companies have pledged to invest more than US$1 trillion (RM4.47 trillion) in US industries such as semiconductors and clean energy during the Biden administration, the White House said on Monday, citing the passage of three critical laws in recent years.

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<p>Republican President-elect Donald Trump says he plans to fundamentally alter the US relationship with Nato during his second four-year term and rapidly bring the war in Ukraine to a close.</p>


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<p>The dollar rallied against major peers on Tuesday after US President-elect Donald Trump pledged tariffs on all imports from Canada and Mexico, and additional tariffs on China.</p>


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<p>Shares of Petronas Dagangan Bhd (KL:PETDAG) rose on Tuesday after the fuel retailer reported a jump in quarterly profits that exceeded market expectations.</p>


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<p>Six years since the financial woes of Lembaga Tabung Angkatan Tentera (LTAT) and Boustead Holdings Bhd came to light, there is still no firm plan in place to nurse either entity back to health.</p>


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<p>The Federation of Investment Managers Malaysia (FIMM) recently reprimanded three former unit trust scheme (UTS) and private retirement scheme (PRS) consultants for breaching FIMM’s Consolidated Rules and Code of Ethics.</p>

<p>In a statement on Tuesday, the federation said a former UTS consultant at CIMB Bank Bhd, Nur Syuhaida Rozaidi, was found violating Paragraph 3.1 of FIMM’s Code and Rule 4.2.1 of the Consolidated Rules.</p>


FIMM reprimands former consultants for misconduct

<p>Shares of Gas Malaysia Bhd (KL:GASMSIA) rose on Tuesday and flirted with their all-time highs after the natural gas distribution company reported record earnings that came in above consensus expectations.</p>


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<p>Neither the US nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after US President-elect Donald Trump threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan 20.</p>


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<p>Zoom Video Communications raised its forecast for fiscal 2025 revenue and adjusted profit on Monday, anticipating robust demand for its online video conferencing software as it expands its product portfolio, and clients embrace hybrid working models.</p>


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<p>Tesla Inc’s electric vehicles (EVs) would be shut out from consumer rebates under a proposal by California Governor Gavin Newsom, pitting the prospective Democratic presidential hopeful against Republican power player Elon Musk.</p>


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<p>South Koreans’ outlook for the economy deteriorated at the fastest pace in more than two years in November, according to a monthly central bank survey conducted after Donald Trump’s US election victory.</p>


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<p>The European Union is proposing to sanction several Chinese firms that it claims helped Russian companies develop attack drones that were deployed against Ukraine. &nbsp;</p>


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<p>Issues surrounding the management of low-cost housing and civil servant quarters are among the topics to be discussed in the Dewan Rakyat on Tuesday.</p>


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<p>Intel expects the US government to reduce a preliminary subsidy of US$8.5 billion (RM37.95 billion) to build more chip factories, two sources familiar with the matter said on Monday, weeks after the company received a separate US$3 billion deal with the Pentagon.</p>


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<p>Global tech giants including Meta, TikTok and Google have heavily criticised Australian legislation to ban children under 16 from accessing social media platforms, setting the stage for a policy fight as the government tries to push the bill through parliament this week.</p>
