<div>This article first appeared in <em>The Edge Financial Daily,</em> on February 14, 2017.<br />
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&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>LKL International Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in LKL International Bhd (fundamental: N/A, valuation: N/A), which triggered our momentum algorithm yesterday for the first time this year, closed half a sen or 1.85% higher at 27.5 sen yesterday, after some 2.77 million shares were traded.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>LKL, listed on the ACE Market of Bursa Malaysia just last May, is involved in design and manufacturing of healthcare beds, peripherals and accessories.</p></div>

<div class=newsTextDataWrapInner><p>For the first half of the financial year ended Oct 31, 2016, LKL reported a net profit of RM3.06 million, with RM20.46 million in revenue.</p></div>

<div class=newsTextDataWrapInner><p>Last month, it said it was buying a fully automated laser tube cutting machine for €830,000 (RM3.93 million) from Germany’s Trumpf Group as part of its efforts to expand its business in the healthcare industry.</p></div>

<div class=newsTextDataWrapInner><p>LKL is currently trading at 1.96 times its book value.</p></div>


This article first appeared in The Edge Financial Daily, on February 14, 2017.

 

LKL International Bhd (-ve)

SHARES in LKL International Bhd (fundamental: N/A, valuation: N/A), which triggered our momentum algorithm yesterday f...

Stock With Momentum: LKL International

Infrastructure works for the Penang Light Rail Transit (LRT) Mutiara Line project and the expansion of the Penang International Airport (PIA) may be carried out simultaneously to minimise inconvenience to the public, according to Chief Minister Chow Kon Yeow.

CM: Penang LRT works, airport expansion to proceed simultaneously

Indonesia has yet to implement a higher mandatory blend of biodiesel planned for Jan 1 as industry participants await technical details of the new regulation, causing confusion among palm oil traders.

Indonesia's palm oil B40 delay causes market uncertainties

Rolex SA, the biggest luxury Swiss watch brand, raised prices on some of its most popular models after gold values surged in 2024.
 
The Geneva-based company, controlled by a Swiss foundation named for its co-founder Hans Wilsdorf, began the year by hiking prices as much as 8% on some models made from precious metals.

Rolex kicks off 2025 by increasing watch prices after gold soars

The KLCC Light Rail Transit (LRT) Station was temporarily closed after smoke was detected in the station's electronic equipment room on Thursday.

Rapid Rail Sdn Bhd, in a statement, advised passengers to use Persiaran KLCC Station and Ampang Park Station to continue their journeys.

KLCC LRT Station closed temporarily after pump switch panel catches fire

The US Commerce Department said on Thursday it is considering new rules that would impose restrictions on Chinese drones that would restrict or ban them in the US citing national security concerns.

US considers potential rules to restrict or bar Chinese drones

World shares struggled for traction on Thursday after a jittery close to 2024, while the dollar weakened as investor sentiment dithered ahead of Donald Trump's return to the White House.

World shares start 2025 with a wobble on Trump trepidation

Tenaga Nasional Berhad's (TNB) Monopole Transmission Tower Project, a high-impact initiative to enhance Penang's electricity supply, became operational on Dec 22 last year.

Penang’s Infrastructure, Transport, and Digital Committee chairman, Zairil Khir Johari, stated that the RM500 million project, launched at the end of 2022, will be officially inaugurated in the next two months.

TNB Monopole Transmission Towers: New landmarks in Penang set for inauguration soon

The Transport Ministry (MOT) will collaborate with the Malaysian Anti-Corruption Commission (MACC) to investigate vehicles that fail to meet the standards set by the Computerised Vehicle Inspection Centre (Puspakom).

MOT to collaborate with MACC on Puspakom investigation

KUALA LUMPUR (Jan 2): MMC Corporation Bhd’s 70%-owned unit, Port of Tanjung Pelepas (PTP), has become the first container terminal in Malaysia to handle over 12.25 million twenty-foot equivalent units (TEUs) in a single year in 2024.

PTP is Malaysia’s first container terminal to surpass 12m TEUs throughput in a single year — chairman

Maxis, Malaysia’s leading integrated telecommunications provider, has partnered with Universiti Tunku Abdul Rahman (UTAR) to jointly develop 5G solutions, with a focus on innovation in healthcare and education.

In a statement on Thursday, Maxis said in healthcare, potential 5G-enabled solutions could include remote surgery (telesurgery), advanced telemedicine, remote consultations, and real-time health monitoring.

Maxis, UTAR collaborate on 5G solutions for healthcare, education

<p>Foong Mun Kong has officially assumed the role of managing partner at KPMG Malaysia, effective Jan 1, 2025, according to a statement on Thursday.</p>


Foong Mun Kong officially KPMG Malaysia managing partner, Johan Idris takes on non-exec chairman role

<p>Petronas Chemicals Group Bhd (KL:PCG) may further write down the value of its assets while losses could balloon at one of its key subsidiaries, CGS International warned as it downgraded the stock.</p>


Petronas Chemicals stares at downside; Lotte Chemical in survival mode — CGS

<p>The communications minister will formally end the single wholesale 5G network, based on the powers under the Communications and Multimedia Act 1998, according to a new ministerial directive sighted by <i>The Edge</i>.</p>


Communications minister formally ends 5G single wholesale network, to focus on dual network

<p>KUALA LUMPUR (Jan 2): Investment analysts have maintained a positive outlook on the banking industry, with at least one increasing its earnings forecast on stronger operating income and improved credit costs.</p>


Analysts positive on banking sector in 2025; AMMB and CIMB are top picks

<p>A Tesla Cybertruck exploded in flames outside the Trump International Hotel Las Vegas on Wednesday, killing the driver and injuring seven others, and the FBI was investigating whether the blast was an act of terrorism, officials said.</p>


Tesla Cybertruck explodes outside Trump Las Vegas hotel, killing driver

<p>The Malaysian ringgit will strengthen further this year, supported by moderate global growth, stable oil prices and strong export demand, according to KSI Strategic Institute for Asia Pacific.</p>


Ringgit to strengthen further this year after breakout in 2024 — think tank

<p>KUALA LUMPUR (Jan 2): Etiqa Life Insurance Bhd, the insurance arm of Malayan Banking Bhd (KL:MAYBANK), has appointed insider Leong Su Yern as its chief executive officer effective immediately.</p>


Etiqa Life Insurance promotes insider Leong Su Yern as CEO

<p>KUALA LUMPUR (Jan 2): Sunway Real Estate Investment Trust (KL:SUNREIT) said on Thursday that it has completed the acquisition of Kluang Mall in Johor for RM158 million.</p>


Sunway REIT completes Kluang Mall acquisition

<p>The High Court here has allowed an ad interim stay on a RM415.5 million fine imposed by the Malaysia Competition Commission (MyCC) on five feedmillers pending filing of affidavits and submissions in relation to its judicial review against the fine.</p>

<p>Judge Datuk Amarjeet Singh Serjit Singh gave the ad interim stay as lawyer for MyCC, Jason Teoh from Jason Teoh &amp; Partners, had said that they would submit an affidavit to show that the fine the five feedmillers are required to pay will not affect the poultry industry as they claim.</p>


High court grants feedmillers temporary stay of RM415.5 mil fine imposed by MyCC

<p>Hutchmed (China), controlled by tycoon Li Ka-shing, is selling stakes in its health subsidiary for around US$608 million (RM2.7 billion) as the billionaire and his flagship conglomerate look to ramp up capital and pivot towards core operations at the drugmaker.</p>


Billionaire Li Ka-shing’s Hutchmed in US$608m health unit stake sales

<p>Investors are expected to take a more cautious approach in the local stock market, focusing on earnings and clear outlooks amidst anticipated market volatility in 2025.</p>


Analysts expect investors to adopt more cautious stance, focus on earnings and outlook visibility

<p>Malaysia’s manufacturing sector experienced muted trends at the end of 2024, as indicated by a decline in the Purchasing Managers’ Index (PMI) to 48.6 in December, according to S&amp;P Global on Thursday.</p>


Malaysia’s manufacturing PMI declines amid softening inflation, reduced demand — S&P Global

<p>Indonesia has yet to implement a higher mandatory blend of biodiesel planned for Jan 1 as industry participants await technical details of the new regulation, causing confusion among palm oil traders.</p>


<p>World shares struggled for traction on Thursday after a jittery close to 2024, while the dollar weakened as investor sentiment dithered ahead of Donald Trump's return to the White House.</p>


<p>Factory activity across much of Asia expanded in December as domestic orders and output improved, but weaker confidence and a sustained drop in export orders point to global risks ahead.</p>


Asian factories eke out growth in 2024 as Trump tariffs loom

<p>Malaysia’s renewable energy sector is gearing up for strong growth ahead in 2025, buoyed by key initiatives under the National Energy Transition Roadmap (NETR), said Apex Securities.</p>

<p>In a research note on Thursday, among the key initiatives are the 800MW Corporate Green Power Programme (CGPP) and the 2GW Large-Scale Solar 5 (LSS5), which are anticipated to unlock RM7.2 billion worth of engineering, procurement, construction, and commissioning (EPCC) projects.</p>


Renewable energy sector braces for strong growth in 2025 — Apex Securities

<p>KUALA LUMPUR (Jan 2): Cypark Resources Bhd (KL:CYPARK) is expected to stay in red with a larger than previously expected core net loss for the current financial year, before a turnaround for the renewable energy company, analysts said.</p>


Cypark Resources to stay in red before rebound in FY2026

<p>Chinese government hackers breached the US Treasury office that administers economic sanctions, the <i>Washington Post</i> reported on Wednesday, identifying targets of a cyberattack Treasury disclosed earlier this week.</p>


Chinese hack of US Treasury breached sanctions office — report

<p>South Korean police said on Thursday they had raided Jeju Air and the operator of Muan International Airport as part of their investigation into Sunday's crash that killed 179 people in the worst aviation disaster on the country's soil.</p>


South Korea police search Jeju Air, airport operator over fatal plane crash

<p>Most Asian stock markets started the year on the back foot on Thursday, as investors braced for US President-elect Donald Trump's return to the White House and the prospect of US interest rates staying higher for longer.</p>
