<div>This article first appeared in <em>The Edge Financial Daily</em>, on January 3, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Kian Joo Can Factory Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Kian Joo Can Factory Bhd (fundamental: 1/3, valuation: 1.8/3) triggered our momentum algorithm last Friday for the first time since we started tracking the counter.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The counter closed one sen or 0.3% higher at RM2.93 that day, after 813,400 shares were traded, significantly higher than its 200-day average volume of around 145,630 shares. Year to date, the counter has slipped over 10%.</p></div>

<div class=newsTextDataWrapInner><p>The Employees Provident Fund has been accumulating Kian Joo shares since mid- December. As at Dec 23, it had a direct stake of 8.677%. Kian Joo posted a net profit of RM50.84 million in the third quarter ended Sept 30, 2016, up 14.9% from RM44.25 million a year ago, mainly due to improved margins in the can division, while revenue gained 4.4% to RM421.46 million from RM403.83 million.</p></div>

<div class=newsTextDataWrapInner><p>For the nine-month period, its net profit fell 5.2% to RM102.2 million from RM107.84 million, although revenue grew 13.2% to RM1.29 billion from RM1.14 billion.</p></div>

<div class=newsTextDataWrapInner><p>It currently trades at a trailing 12-month price-earnings ratio of 10.32 times.</p></div>


This article first appeared in The Edge Financial Daily, on January 3, 2017.

 

Kian Joo Can Factory Bhd (+ve)

SHARES in Kian Joo Can Factory Bhd (fundamental: 1/3, valuation: 1.8/3) triggered our momentum algorithm last Friday ...

Stock With Momentum: Kian Joo Can Factory

The European Union (EU) must arm itself to “survive” in an increasingly uncertain global order, Polish Prime Minister Donald Tusk said on Wednesday, calling on the bloc’s member states to boost spending on defence.

“If Europe wants to survive, it has to be armed,” Tusk told a session of the European Parliament in Strasbourg, France.

EU must arm itself to ‘survive’ in uncertain world, says Tusk 

Investors looking for opportunities in Malaysia are recommended to look beyond data centre-related stocks and proxies to artificial intelligence (AI), amid the US restriction on AI chip exports, said Manulife Investment Management (Manulife IM).

Look beyond Malaysian proxies of data centres, says Manulife IM

Malaysia should utilise the free trade agreements (FTAs) that it has among the Asean countries, including the Regional Comprehensive Economic Partnership (Rcep) to promote palm oil at the global level, said the Malaysian Palm Oil Board (MPOB).

Malaysia should utilise Free Trade Agreements to promote palm oil globally — MPOB

Panama's President Jose Raul Mulino responded "be serious, be serious" on Wednesday when asked in Davos whether he was concerned the US would invade after President Donald Trump said he would take back the Panama Canal.

Mulino declined to answer other questions after speaking on a panel session addressing Latin America's "faultlines" at the World Economic Forum's annual meeting in the Swiss resort.

Panama president says 'be serious' on Trump 'invasion' question

AME Real Estate Investment Trust (KL:AMEREIT) reported a 1.4% increase in net rental income for the third financial quarter, thanks to contributions from a newly-acquired property and tenancy renewals at higher rates.

AME REIT sees slight increase in 3Q net property income, to pay 1.89 sen per unit

Construction of the East Coast Rail Link (ECRL) in Terengganu has been the fastest — at 90% completion — compared with the other three states.

Construction of ECRL in Terengganu fastest, achieves 90% completion — Ahmad Samsuri

Russian Deputy Foreign Minister Sergei Ryabkov said on Wednesday that Moscow sees a small window of opportunity to forge agreements with the new US administration of President Donald Trump, the Interfax news agency reported.

Russia sees 'small' window of opportunity to negotiate with Trump administration

Beginning February 2025, during the short-term phase, Executive Summaries of Environmental Impact Assessment (EIA) reports under the First and Second Schedules of the Environmental Quality (Prescribed Activities) (Environmental Impact Assessment) Order 2015 will be made accessible to the public.

EIA report summaries to be made public starting next month

China rolled out a basket of measures to stabilise its stock markets, including plans to boost the amount pension can invest in the nation’s listed companies, as it combats uncertainty in a second Donald Trump presidency.

The central government issued a directive to “steady the stock market, and clear bottlenecks for the introduction of mid-long term capital,” according to a notice posted by the China Securities Regulatory Commission (CSRC) on Wednesday.

China eases rules for long-term funds to boost stock market

Stocks in India look set for further declines as foreign investors resumed selling shares, amid persistent worries over company earnings growth and sluggish consumption.

Indian stock exodus balloons to US$5b on downbeat profits

<p>Sunway Bhd (KL:SUNWAY) has started the ball rolling for the initial public offer (IPO) of its healthcare unit, sources told <em>The Edge.</em></p>

<p>Maybank Investment Bank Bhd and AmInvestment Bank Bhd are said to be the front-runners as principal advisers for the IPO of Sunway Healthcare Group, the sources said.</p>


Sunway shortlists bankers for healthcare unit's IPO 

<p>Malaysia's currency hit a six-week high and stocks advanced for a fourth straight session on Wednesday ahead of a central bank policy decision, while a gauge of emerging Asian equities reversed course weighed by China on US tariff plans.</p>


Ringgit extends gains as BNM holds rates; China stocks drag 

<p>MIDF Research said&nbsp;the recent selldown of data centre-linked construction stocks&nbsp;may have been overdone as it sees the US’ AI chip export restrictions having minimal impact on data centre operations here.</p>

<p>In a note, MIDF Research said this prompted&nbsp;its upgrade on&nbsp;Sunway Construction Group Berhad (KL:SUNCON) to a “buy”, from “neutral”.</p>


MIDF says selldown on data centre-related stocks overdone, upgrades SunCon

<p>KUALA LUMPUR (Jan 22): Malaysia’s property market is now showing signs of improvement that will lift Malaysian banking stocks under pressure from uncertainties over data-centre outlook, according to CIMB Securities.</p>


CIMB Securities: Malaysian property market now showing signs of improvement that will lift banking stocks

<p>KUALA LUMPUR (Jan 22): TechStore Bhd, which provides hardware and software to businesses, has fixed its initial public offering (IPO) price at 20 sen per share ahead of its listing on the ACE Market of Bursa Malaysia.</p>


Enterprise hardware and software firm TechStore sets IPO price at 20 sen

<p>(Jan 22): US&nbsp;President Donald&nbsp;Trump&nbsp;on Tuesday announced&nbsp;a&nbsp;private&nbsp;sector&nbsp;investment&nbsp;of up to US$500&nbsp;billion (RM2.23 trillion) to fund&nbsp;infrastructure&nbsp;for artificial intelligence (AI),&nbsp;aiming to outpace rival nations in the business-critical technology.</p>


Trump announces private-sector US$500 bil investment in AI infrastructure

<p>Founders of FashionValet Sdn Bhd Datin Vivy Yusof and her husband Datuk Fadzarudin Shah Anuar have been charged with the misappropriation of RM8 million from Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB), belonging to the company.</p>


FashionValet founders claim trial to alternative charges of fund misappropriation

<p>US President Donald Trump on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10% punitive duty on Chinese imports because fentanyl is being sent from China to the US via Mexico and Canada.</p>


Trump stirs tariff pot with fresh threats on EU, Feb 1 China deadline

<p>Arina, Sime Darby Property Bhd’s (KL:SIMEPROP) first single-storey linked homes in Bandar Ainsdale, achieved full take-up of all 118 units within hours of its launch on Saturday, Jan 18.</p>


Sime Darby Property’s Arina single-storey homes in Bandar Ainsdale fully taken up within hours of launch

<p>Analysts are positive on Sunway Real Estate Investment Trust’s (KL:SUNREIT) acquisition of AEON Mall Seri Manjung in Perak, prompting revisions of their earnings forecasts.</p>


Analysts raise Sunway REIT earnings forecasts after AEON Mall acquisition in Perak

<p>SRC International Sdn Bhd’s former director Datuk Suboh Md Yasin told the High Court on Wednesday that he signed four blank cheques that led to RM19.5 million going to Umno and Umno Selangor.</p>


Former SRC director says he signed blank cheques, didn’t know payments were to Umno

<p>KUALA LUMPUR (Jan 22): Bank Negara Malaysia (BNM) on Wednesday kept the benchmark interest rate unchanged as widely expected, comfortable with its outlook for sustained economic growth and manageable inflation.</p>


BNM keeps OPR steady, takes comfort in sustained growth

<p>President Donald Trump said he would be open to billionaire supporter Elon Musk or Oracle Corp chairman Larry Ellison purchasing social video app TikTok as part of a joint venture with the US government.</p>


Trump says he’s open to Elon Musk or Larry Ellison purchasing TikTok

<p>A fugitive banker accused of orchestrating a US$1 billion (RM4.45 billion) fraud in Moldova appears to be helping Russian lenders and businesses to continue conducting foreign trade amid payment problems caused by sanctions.</p>


Fugitive banker may be helping Russian firms beat US sanctions

<p>Datuk Seri Najib Razak denies seeking royalties from the Middle East to help stepson Riza Aziz over his alleged entanglement with 1Malaysia Development Bhd (1MDB) funds, the court heard on Wednesday.</p>


Najib says stepson was already servicing loan from Emerati prince, phone call only to formalise agreement

<p>Global stocks rose on Wednesday as a flurry of new policies from US President Donald Trump combined with robust corporate earnings to bolster investor optimism, while tariff uncertainty kept the dollar near two-week lows.</p>


Stocks get tech boost, tariff uncertainty weighs on dollar 

<p>Indonesia's antitrust agency on Tuesday ordered Google to pay fines about 202 billion rupiah (US$12.4 million or RM55.3 million) for unfair business practices related to its payment system services for Google Play Store, its software distribution platform.</p>


Indonesia fines Google US$12.4m for unfair business practices

<p>DAVOS, Switzerland (Jan 21): Prime Minister Datuk Seri Anwar Ibrahim said digitalisation is a "missing component" in all of Malaysia's previous free trade agreements (FTAs).</p>


PM: Malaysia seeks to upgrade its free trade agreements to cover digitalisation

<p>President Donald Trump faces a host of headwinds that could thwart his ability to generate a boom for the US economy, according to Harvard University professor Ken Rogoff.</p>


Trump’s plan to trigger boom risks coming undone, Rogoff warns

<p>Over the past two years, the Biden administration struck a careful balance on artificial intelligence. The White House took steps to ensure the US stayed ahead of China in developing the technology while also trying to address some of AI’s many potential risks.</p>
