<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on April 19, 2017 - April 25, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>Industronics Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Industronics Bhd (fundamental: 0.95/3, valuation: 0.3/3) closed up three sen or 10.34% at 32 sen with 5.97 million shares traded versus the counter’s 200-day average volume of 303,469.5 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group is involved in the design, manufacturing and installation of electronics and microprocessor-controlled products, telecommunication systems, audio visual multimedia systems, intelligent transportation systems and ICT systems.</p></div>

<div class=newsTextDataWrapInner><p>In the fourth quarter ended Dec 31, 2016, the group’s net loss widened to RM4.73 million from RM3.74 million in the previous year’s corresponding quarter, though revenue surged 156% to RM15.2 million from RM5.94 million, mainly due to higher operating expenses incurred.</p></div>

<div class=newsTextDataWrapInner><p>For the full financial year 2016 (FY16), the group’s net loss expanded to RM12.81 million from RM12.3 million in FY15 — though revenue rose 30.63% to RM30.87 million from RM23.63 million — mainly due to lower gross profit.</p></div>

<div class=newsTextDataWrapInner><p>The stock is currently trading at 1.39 times its book value and has a market capitalisation of RM32.88 million, based on its latest traded price.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


Industronics Bhd (-ve)

SHARES in Industronics Bhd (fundamental: 0.95/3, valuation: 0.3/3) closed up three sen or 10.34% at 32 sen with 5.97 million shares traded versus the counter’s 200-day average volume of 303,469.5 shares.

The group is involved in the desi...

Stock With Momentum: Industronics

(Nov 6): JPMorgan Chase & Co will soon offer instant settlement for foreign-exchange (FX) conversions between the dollar and the euro via its Kinexys blockchain platform and plans to add sterling to the service over time.

JPMorgan to offer instant dollar-euro settlement via blockchain, plans to add sterling over time

A meeting to address staffing and human resource issues within the Parliamentary service will be held this year, to expedite the tabling of the Parliamentary Services Bill.

Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said announced that the meeting will be chaired by Prime Minister Datuk Seri Anwar Ibrahim.

Staffing and HR issues to be resolved to expedite Parliamentary Services Bill

Israeli Prime Minister Benjamin Netanyahu and his supporters celebrated the prospect of Donald Trump returning to the White House next year, hailing what a leader of the settler movement called an ally who would support them "unconditionally".

Congratulating Trump, Netanyahu said the former president was set for "history's greatest comeback".

Israel's rightist government celebrates as Trump claims victory

Lotte Chemical Titan Holding Bhd (KL:LCTITAN) on Wednesday posted a larger net loss for the third quarter ended Sept 30, 2024 (3QFY2024), dragged by inventory write-downs to its net realisable value and foreign exchange losses due to maintenance shutdown at its associate Lotte Chemical USA Corp.

Lotte Chemical Titan flags uncertainties as 3Q losses swell

Chinese investors and companies are showing greater interest in Malaysia, according to Prime Minister Datuk Seri Anwar Ibrahim.

“This is a very positive development,” he told the Malaysian media after holding a round-table session with over 20 industry leaders here on Wednesday.

Anwar sees rising interest in Malaysia among Chinese investors, companies

The dollar was set for its biggest one-day rise since March 2023 against major peers on Wednesday and bitcoin jumped to an all-time high, with traders increasingly confident of a US election victory for former president Donald Trump.

Republican Trump claimed victory in the 2024 presidential contest after Fox News projected he had defeated Democrat Kamala Harris.

Dollar surges, bitcoin hits record high as Trump claims victory

Former treasury secretary general Tan Sri Dr Mohd Irwan Serigar Abdullah was successful in his bid on Wednesday to bring in two former 1Malaysia Development Bhd (1MDB) board members and its former chief financial officer, Azmi Tahir, as third parties in a US$6.59 billion suit filed by 1MDB against Irwan and Arul Kanda Kandasamy, a former president of the company.

COA allows Irwan’s appeal in 1MDB's US$6.59b suit, brings in two ex-board members, former CFO as third parties

UK construction firms cut back on homebuilding in October after being hit by pre-budget jitters, ending a nascent recovery in the sector, according to a closely watched survey.

S&P Global’s overall construction PMI dropped to 54.3 in October, a tumble from the 29-month high of 57.2 seen in September.

UK housebuilding recovery stalled before budget, PMI shows

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday

FBM KLCI up 0.83% to 1,634.17 on Nov 6, 2024

(Nov 6): The world’s No. 1 cobalt miner is sounding the alarm over the shrinking role of the metal in electric vehicle (EV) batteries.

World’s biggest cobalt miner is gloomy on the EV metal’s future

<p>Republican&nbsp;Donald&nbsp;Trump&nbsp;claimed victory in the 2024 presidential contest after <em>Fox News</em> projected that he had defeated Democrat&nbsp;Kamala Harris, which would cap a stunning political comeback four years after he left the White House.</p>


Trump claims 'powerful mandate' as Fox News projects victory

<p>KUALA LUMPUR (Nov 16): The Employees Provident Fund (EPF) has set aside a provision of RM24 million following an accounting adjustment at its Battersea joint venture (JV) firm.</p>


MOF: EPF books RM24m in provision for London’s Battersea project following IFRS treatment

<p>The Federal Court dismissed the appeal by a businesswoman, who was challenging the Court of Appeal decision&nbsp;which had overturned a High Court decision that she was entitled to RM200,000 damages from CTOS Data Systems Sdn Bhd (CDS), a subsidiary of CTOS Digital Bhd (KL:CTOS).</p>


Businesswoman’s challenge against CTOS ends as apex court refuses to grant leave

<p>3REN Bhd’s (KL:3REN) shares&nbsp;rallied&nbsp;in early trade on Bursa Malaysia, emerging as the most actively traded stock on its debut on the ACE Market.</p>


3REN shares surge 25% on ACE Market debut

<p>Stocks extended gains, Treasury yields jumped, while the dollar climbed the most since February 2023, as early returns bolstered trades that have for months risen with Donald Trump’s election prospects.</p>


Stocks, dollar and yields rise on early Trump lead

<p>Bank Negara Malaysia (BNM) has kept the overnight policy rate (OPR) unchanged at 3% as widely expected as it noted the continued expansion of the global economy and the sustained strength of domestic economic activities with inflation remaining "modest".</p>

<p>The benchmark interest rate decision was made&nbsp;by the Monetary Policy Committee (MPC) at its&nbsp;meeting on Wednesday, it said in a statement.</p>


Bank Negara leaves OPR unchanged at 3%

<p>Technology and semiconductor-related stocks on Bursa Malaysia surged on Wednesday afternoon, amid anticipation that Republican candidate Donald Trump could claim victory in the 2024 US presidential election, defeating Democrat Kamala Harris.</p>


Malaysian tech stocks surge amid anticipation of Trump victory in US election

<p>RHB Research anticipates Gamuda Bhd's (KL:GAMUDA) inclusion in the FBM KLCI, while Genting Malaysia Bhd (KL:GENM) and Genting Bhd (KL:GENTING) risk exclusion, ahead of the&nbsp;semi-annual review of the index's component stocks on Dec 5.</p>


RHB expects Gamuda's KLCI inclusion ahead of semi-annual review

<p>Pharmaniaga Bhd (KL:PHARMA) has revised its regularisation plan, which aims to lift it out of Practice Note 17 (PN17) status, by adjusting the capital reduction and excluding warrants from its rights issue.</p>

<p>The proposed plan now includes a RM520 million capital reduction, as well as a rights issue set to raise up to RM353.516 million. Meanwhile, a RM300 million private placement proposed by the company remained unchanged.</p>


Pharmaniaga axes free warrants in RM654 mil fundraising plan, Boustead, LTAT may pump in RM194 mil

<p>The government's decision to introduce mandatory Employees Provident Fund (EPF) contributions for foreign workers is meant to address the country's heavy dependence on foreign labour, while promoting fairness in the domestic labour market, said Finance Minister II Datuk Seri Amir Hamzah Azizan.&nbsp;</p>


Mandatory EPF contribution meant to reduce reliance on foreign workers, says Amir Hamzah

<p>Malaysia remained the fifth most connected country in Asean in the first half of 2024 (1H2024), after Thailand, Singapore, Vietnam and Indonesia, according to the Malaysian Aviation Commission’s (Mavcom) latest Air Connectivity Index (ACI).</p>


Malaysia the fifth most connected country in Asean in 1H

<p>Fraser &amp; Neave Holdings Bhd (KL:F&amp;N) has flagged that its cash flow will be affected by the delayed start of milk production at its integrated dairy farm in Gemas, Negeri Sembilan, due to the sudden suspension of imports of dairy cows from the US due to concerns over an avian flu outbreak. &nbsp;</p>


F&N flags cash flow impact from delayed milk production at Gemas farm due to suspension of heifer imports

<p>SHANGHAI (Nov 5): Prime Minister Datuk Seri Anwar Ibrahim has extended an invitation to Jiangsu Longda Superalloy Co Ltd to expand its business into Malaysia.</p>


Anwar invites China’s Jiangsu Longda to expand biz into Malaysia

<p>KUALA LUMPUR (Nov 6): Plantation companies are projected to post higher quarter-on-quarter (q-o-q) earnings in their upcoming quarterly results, thanks to stronger output and improved performance within the oleochemical segment, said Hong Leong Investment Bank (HLIB).</p>


Planters set for higher quarterly earnings boosted by stronger output, oleochemical gains — HLIB

<p>Increased market volatility is expected in the near term due to the US presidential election, but the Federal Reserve's (Fed) decision&nbsp;following the Federal Open Market Committee meeting this Wednesday and Thursday is likely to have a more significant impact, said MIDF Research.</p>


Market volatility looms with US election, but Fed decision's impact more significant — MIDF

<p>Investors bought dollars, bitcoin and stocks, and sold bonds as Donald Trump claimed victory in the US presidential election and Republicans took control of at least one chamber of Congress.</p>

<p>US stock futures hit record highs, the dollar surged and Treasury yields jumped, while bitcoin broke US$75,000 for the first time — all moves flagged by investors as likely should Trump win over Democrat Kamala Harris.</p>


'Trump trade' surges as he claims victory

<p>KUALA LUMPUR (Nov 6): Malaysia is set to launch a new investment incentive scheme by mid-2025, that aims to introduce stricter regulations for foreign investors to meet localisation requirements.</p>


Liew: Malaysia to introduce stricter localisation requirement for foreign investments

<p>Former attorney general Tan Sri Tommy Thomas has contended that there was no malice in prosecutions&nbsp;during&nbsp;his time as the AG, and that he was merely discharging his constitutional duties when preferring criminal charges, regardless of the accused's political standing.</p>


Tommy Thomas says no political prosecution when he was AG, only constitutional duties being discharged

<p>A growing number of Wall Street strategists are predicting that a decision in the US presidential election will set the stage for stocks to rally into the end of 2024, building on a 21% gain this year for the S&amp;P 500 Index.</p>


Wall Street counting on stocks to rally after election hurdle

<p>Malaysian military contractor Leonard Francis, also known as 'Fat Leonard', one of the main defendants in the US Navy's worst-ever corruption scandal, has been sentenced to 15 years of imprisonment, the US Attorney's Office in Southern District of California said on Wednesday.&nbsp;</p>
