<div class=newsTextDataWrapInner><p><strong>Mieco Chipboard Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>CHIPBOARD maker Mieco (Fundamental: 0.65/3, Valuation: 0.9/3) closed 14.3% higher at a 3-year high of 92 sen yesterday. Like other chipboard makers, its share price has performed strongly, up 145.3% year-to-date, supported by the stronger USD.</p></div>

<div class=newsTextDataWrapInner><p>For 1Q15, it recorded a net profit of RM3.2 million compared to a net loss of RM3.2 million in 1Q14, while revenue rose 6.3% to RM80.3 million. Net gearing stood at 32.7%.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The Pahang-based Mieco derives about 70-80% of its sales from the domestic market with the balance from export markets. The company was loss-making for 2012-2013 but started to turn around in 2Q14, thanks to higher local chipboard demand and stronger furniture exports.</p></div>

<div class=newsTextDataWrapInner><p>Excluding one-off disposal gain of RM16.1 million on one of its factories, net profit was RM1.7 million in 2014, reversing a net loss of RM63.6 million in 2013. Meanwhile, revenue increased 9.2% to RM321.9 million, fuelled by higher sales volume and selling prices.</p></div>

<div class=newsTextDataWrapInner><p><img alt="Mieco-Chipboard_SWM_FD_10july2015_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/Mieco-Chipboard_SWM_FD_10july2015_theedgemarkets.png" /></p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in<em> The Edge Financial Daily</em>, on July 10, 2015.</p></div>


Mieco Chipboard Bhd (+ve)

CHIPBOARD maker Mieco (Fundamental: 0.65/3, Valuation: 0.9/3) closed 14.3% higher at a 3-year high of 92 sen yesterday. Like other chipboard makers, its share price has performed strongly, up 145.3% year-to-date, supported by the stronger USD.<...

Stock With Momentum: Mieco Chipboard

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There is still no evidence to show that the pollution at Pantai Esen in Permatang Damar Laut, Batu Maung near here is due to reclamation works for the man-made Silicon Island.

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<p>The Selangor State Development Corporation&nbsp;(PKNS) is set to launch about&nbsp;12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.</p>


<p>The founding family of Japan's&nbsp;Seven&nbsp;&amp; i Holdings has approached KKR &amp; Co and other investment firms about participating in the potential buyout of the retailer, the <em>Nikkei </em>newspaper reported on Saturday.</p>


<p>China's Huawei, blacklisted by the US, said on Saturday it is targeting 100,000 applications for its Harmony operating system (OS) in coming months as it seeks widespread help to achieve self-reliance.</p>


<p>The Madani government remains focused on initiatives to develop the country, and will not entertain "trivial"&nbsp;statements that do not contribute to such efforts, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Govt to disregard 'trivial' statements as it focuses on development — PM

<p>The assistance provided to the people, including the Sumbangan Tunai Rahmah (STR) cash aid, has increased during the first two years of the Madani government's administration, according to Prime Minister Datuk Seri Anwar Ibrahim.</p>


<p>Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its ally&nbsp;scored a landslide victory in Maharashtra, the country's richest state, while the opposition bloc performed strongly in Jharkhand, a mineral-rich region.</p>


<p>The government is committed to ensuring that the implementation of Madani economic reforms&nbsp;has minimal or no impact on the people in general, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Malaysians won't be burdened by economic reforms, says Anwar

<p>There is still no evidence to show that the pollution at Pantai Esen in&nbsp;Permatang Damar Laut, Batu Maung&nbsp;near here is due to reclamation works for the man-made Silicon Island.</p>


<p>(Nov 23): The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey.</p>

<p>“Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the Middle...

<p>The European Union (EU), US and other wealthy countries at the&nbsp;COP29&nbsp;climate summit have agreed to raise their offer of a global finance target to US$300 billion (RM1.34 trillion) per year by 2035, sources told <em>Reuters </em>on Saturday.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim reaffirmed the Madani government's commitment to prioritising the welfare of the people across all states, including those led by the opposition, by steadily increasing their allocations.</p>


<p>Nato secretary general Mark Rutte met US President-elect Donald Trump in Florida as Europe waits apprehensively to see how the next administration will approach the war in Ukraine.</p>
