<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on August 9, 2017 - August 15, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>Kronologi Asia Bhd (+ve)</strong><br />
SHARES in Kronologi Asia Bhd (fundamental: 2.1/3, valuation: 0.80/3), which triggered our momentum algorithm yesterday, closed three sen or 3.41% lower at 85 sen, with a market capitalisation of RM229.8 million.</p></div>

<div class=newsTextDataWrapInner><p>Some 29.3 million shares were traded, compared with its 200-day average volume of six million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Yesterday, the group announced it had fixed the issue price of its private placement shares at 79 sen apiece, which represents a discount of about 2.98% to the five-day volume weighted average market price of Kronologi Asia shares up to Aug 4.</p></div>

<div class=newsTextDataWrapInner><p>On May 29, Kronologi Asia announced it intended to raise up to RM12.7 million by placing out some 27 million shares.</p></div>

<div class=newsTextDataWrapInner><p>At 79 sen each, the group is expected to raise gross proceeds of RM21.36 million if all the placement shares are placed out.</p></div>

<div class=newsTextDataWrapInner><p>It added that it will use the bulk of the proceeds to repay its transnational infrastructure equipment, future business expansion, working capital and estimated expenses in relation to the proposed private placement.</p></div>

<div class=newsTextDataWrapInner><p>The stock has a trailing 12-month price-earnings ratio of 22.71 times and is trading at 4.36 times its book value.<br />
&nbsp;</p></div>


Kronologi Asia Bhd (+ve)
SHARES in Kronologi Asia Bhd (fundamental: 2.1/3, valuation: 0.80/3), which triggered our momentum algorithm yesterday, closed three sen or 3.41% lower at 85 sen, with a market capitalisation of RM229.8 million.

Some 29.3 million shares w...

Stock With Momentum: Kronologi Asia

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Pakatan Harapan (PH) on Saturday night announced 21 candidates to contest the Melaka state election on Nov 14.

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Indonesia cut exports of natural gas to Singapore on Saturday to prioritise domestic demand, an official said, with the two countries at loggerheads over regional air pollution emanating from wildfires on the vast archipelago.

Indonesia says cutting gas exports to Singapore to prioritise domestic demand

Prime Minister Datuk Seri Anwar Ibrahim on Saturday disclosed that a global investor plans to invest US$50 billion (RM204 billion) in the artificial intelligence (AI), new technology and data centre sectors in Sarawak and Peninsular Malaysia.

Anwar says a global investor plans US$50b tech investment in Malaysia

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Barisan Nasional (BN) will stick to its agreement to allocate seven seats it is not contesting to Perikatan Nasional (PN) for the Melaka state election, despite attempts to secure additional seats.

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<p>Matters concerning the position of Malaysian Border Control and Protection Agency (AKPS) director general&nbsp;Datuk Seri Mohd Shuhaily Mohd Zain will be handled&nbsp;by&nbsp;the Home Ministry secretary general and the chief secretary to the government, said Home Minister&nbsp;Datuk Seri Saifuddin Nasution Ismail.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim on Saturday disclosed that a global investor plans to invest US$50 billion (RM204 billion) in the artificial intelligence (AI), new technology and data centre&nbsp;sectors in Sarawak and Peninsular Malaysia.</p>


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Chow: Contractor financing keeps Air Itam bypass on track despite unsold Gurney Bay land

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<p>The younger brother&nbsp;of Sultan of Terengganu&nbsp;Sultan Mizan Zainal Abidin, Datuk Seri Dr Tengku Baderul Zaman, son of the late Sultan Mahmud Al-Muktafi Billah Shah, passed away at 1.20am&nbsp;on Saturday at Gleneagles Hospital, Kuala Lumpur. He was 51.</p>


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<p>Indonesia cut exports of natural gas to Singapore on Saturday to prioritise domestic demand, an official said, with the two countries at loggerheads over&nbsp;regional air pollution emanating from wildfires on the vast archipelago.</p>


<p>Barisan Nasional (BN) will stick to its agreement to allocate seven seats it is not contesting to Perikatan Nasional (PN) for the Melaka state election, despite attempts to secure additional seats.</p>


<p>Barisan Nasional (BN) will contest 21 of the 28 seats in the upcoming Melaka state polls, retaining its three key leaders as candidates, including caretaker Chief Minister Datuk Seri Ab Rauf Yusoh.</p>


<p>Pakatan Harapan (PH) on Saturday night announced 21 candidates to contest the Melaka state election on Nov 14.</p>


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<p>The government is prepared to absorb an increase in fuel subsidy costs, which could reach RM45 billion annually amid a surge in global crude oil prices, rather than pass the burden on to the people through higher fuel prices.</p>


Anwar: Govt ready to absorb fuel subsidy costs of up to RM45 bil a year

<p>The National Cost of Living Action Plan 2030 (NCLAP30), launched by Prime Minister Datuk Seri Anwar Ibrahim on Saturday, outlines 429 measures under 35 strategies to ease cost-of-living pressures and improve the people's well-being.</p>


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<p>Sarawak&nbsp;PAS&nbsp;is targeting to contest four seats in the 13th Sarawak state election, namely Beting Maro, Samariang and Sebuyau, while a fourth seat in the northern region of the state is still under consideration.</p>


Sarawak PAS targets four seats in 13th state election

<p>The Bukit Aman Narcotics Criminal Investigation Department (NCID) will collaborate with the Indonesian National Police (POLRI) to investigate possible links&nbsp;between Malaysian-based syndicates and the seizure of 1.16 tonnes of ketamine from a tanker off Tanjung Balai Asahan, Indonesia, on Oct 20.</p>


<p>The government plans to establish Veterans' Day to honour&nbsp;the service and sacrifice of Malaysian Armed Forces (MAF) veterans.</p>
