<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on December 28, 2017 - January 3, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>Petron Malaysia Refining &amp; Marketing Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Petron Malaysia Refining &amp; Marketing Bhd (fundamental: 2.1/3; valuation: 1.5/3) triggered our stocks with momentum algorithm yesterday for the ninth time this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The stock closed up 6.29% or 82 sen to RM13.86, with 1.18 million shares done versus the counter’s 200-day average of 401,524 shares. For the third quarter ended Sept 30, 2017 (3QFY17), net profit more than doubled to RM106.07 million from RM46.79 million a year ago, mainly on higher revenue.</p></div>

<div class=newsTextDataWrapInner><p>It said higher oil prices contributed to improved revenue, which saw a 40.4% year-on-year rise to RM2.56 billion in 3QFY17 from RM1.82 billion.</p></div>

<div class=newsTextDataWrapInner><p>For the nine-month period ended Sept 30, net profit came in at RM305.61 million, surging 144.6% from RM124.93 million in the previous corresponding period, while revenue climbed 41.7% to RM7.53 billion from RM5.31 billion, driven by higher prices and sales volume growth.</p></div>

<div class=newsTextDataWrapInner><p>Petron is currently trading at 2.66 times its net book value.</p></div>


Petron Malaysia Refining & Marketing Bhd (+ve)

SHARES in Petron Malaysia Refining & Marketing Bhd (fundamental: 2.1/3; valuation: 1.5/3) triggered our stocks with momentum algorithm yesterday for the ninth time this year.

The stock closed up 6.29% or 8...

Stock With Momentum: Petron Malaysia Refining & Marketing

US-China tech rivalry has catalysed significant shifts in supply chains, creating openings for Southeast Asian nations such as Malaysia to attract foreign investments under the China Plus One (China+1) strategy amid the AI boom. The race for semiconductor supremacy is not just about business, tho...

Cover Story: Redefining Malaysia’s role in the semiconductor supply chain

(Jan 30): Trump administration officials are exploring additional curbs on the sale of Nvidia Corp chips to China, according to people familiar with the matter, who emphasised that conversations are in very early stages as the new team works through policy priorities.

Trump officials discuss tighter curbs on Nvidia’s China sales — Bloomberg

IN the name of “US national security and economic strength”, the Biden-Harris administration on Jan 13 released an Interim Final Rule on Artificial Intelligence Diffusion. This rule imposes new restrictions on the export of US-developed chips that power artificial intelligence (AI) systems. The a...

Cover Story: Is Malaysia’s chip sector prepared for the storm?

Who knows what will befall mankind by 2034? Donald Trump will be gone; the planet will be warmer and probably whackier. As for football, Saudi Arabia will stage the Fifa World Cup final on a lofty perch some 350m above ground. Players will have chips implanted and VAR will be reading their minds....

Business Of Sports: City and Haaland take sensational RM1 bil, 10-year gamble

(Jan 29): Microsoft Corp and OpenAI are investigating whether data output from OpenAI’s technology was obtained in an unauthorised manner by a group linked to Chinese artificial intelligence (AI) startup DeepSeek, according to people familiar with the matter.

Microsoft probing if DeepSeek-linked group improperly obtained OpenAI data — Bloomberg

KUALA TERENGGANU (Jan 30): A vegetable trader lost RM214,700 after being duped by a fraudulent investment scheme advertised on Facebook.

Woman loses over RM200,000 to fake investment scam

KUCHING (Jan 30): The number of flood victims in Sarawak almost doubled as of 8am on Thursday, when 5,385 people from 1,505 families sought shelter at temporary relief centres, compared to 2,981 people from 862 families on Wednesday night.

Sarawak floods: Number of victims almost doubles to 5,385

(Jan 30): SoftBank Group Corp is in discussions to invest as much as US$25 billion (RM109.75 billion) in OpenAI, in a move that would potentially make it the artificial intelligence (AI) startup’s biggest backer.

SoftBank in talks to invest up to US$25b in OpenAI — Bloomberg

TOKYO (Jan 30): Asian share markets were mixed in thin trading on Thursday, as much of the region was on holiday for the Lunar New Year, while the US dollar trod water after the Federal Reserve signalled a pause in policy easing.

Asia stocks mixed, dollar steady as traders consider Fed rate pause

Being a top banker in the nation’s most important government-owned bank is a privileged position. Doors open as one wanders through the corridors of power, gourmet lunches served as the inner workings of politics and business are laid bare. A nod, a smile or the calculated silence — what more a s...

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<p>TOKYO (Jan 30): Asian share markets were mixed in thin trading on Thursday,&nbsp;as much of the region was on holiday for the Lunar New Year, while the US dollar trod water after the Federal Reserve signalled a pause in policy easing.</p>


<p>(Jan 30): The Bank of Japan (BOJ) made a significant step towards shrinking its massive balance sheet last week, while market watchers were fixated on the biggest interest rate increase from the central bank in 18 years.&nbsp;</p>


BOJ to slice almost US$500b off balance sheet with QT move

<p>(Jan 30): SoftBank Group Corp&nbsp;is in discussions to invest as much as US$25 billion (RM109.75 billion) in OpenAI, in a move that would potentially make it the artificial intelligence (AI) startup’s biggest backer.</p>


<p>(Jan 29): Microsoft Corp and OpenAI are investigating whether data output from OpenAI’s technology was obtained in an unauthorised manner by a group linked to Chinese artificial intelligence (AI) startup DeepSeek, according to people familiar with the matter.</p>


<p>(Jan 30):&nbsp;Stocks slipped and short-dated bond yields rose, though both pared bigger moves as early concern that the US Federal Reserve was growing more worried about inflation got tamped down by chair Jerome Powell.</p>


Stocks fall on Fed day as tech mixed in late hours

<p>(Jan 30):&nbsp;It’s not a skip, it’s a pause — and maybe an extended one.</p>


Powell signals Fed on hold as Trump’s economic policies take shape

<p>KUALA TERENGGANU (Jan 30): A&nbsp;vegetable trader lost RM214,700 after being duped by a fraudulent investment scheme advertised on Facebook.</p>


<p>Microsoft&nbsp;on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down more than 5% as investors worry about big spending, elusive artificial intelligence revenue and growing competition from cheaper AI models from China.</p>


Microsoft shares slide as cloud forecast, AI spending disappoint

<p>(Jan 30):&nbsp;Trump administration officials are exploring additional curbs on the sale of Nvidia Corp&nbsp;chips to China, according to people familiar with the matter, who emphasised that conversations are in very early stages as the new team works through policy priorities.&nbsp;</p>


<p>IN the name of “US national security and economic strength”, the Biden-Harris administration on Jan 13 released an Interim Final Rule on Artificial Intelligence Diffusion. This rule imposes new restrictions on the export of US-developed chips that power artificial intelligence (AI) systems. The a...

<p>Being a top banker in the nation’s most important government-owned bank is a privileged position. Doors open as one wanders through the corridors of power, gourmet lunches served as the inner workings of politics and business are laid bare. A nod, a smile or the calculated silence — what more a s...

<p>Meta&nbsp;Platforms&nbsp;META.O&nbsp;beat Wall Street expectations for fourth-quarter revenue on Wednesday but predicted sales in the current first quarter may not meet forecasts, sending mixed signals about how its bets on pricey artificial intelligence-powered tools are paying off.</p>

<p>The Facebook and Instagram parent company expects first quarter revenue between $39.5 billion and $41.8 billion, compared with analysts' average estimate of $41.72 billion, according to data compiled by LSEG.</p>


Meta sends mixed signals as quarterly sales beat estimates but outlook muted

<p>MEXICO CITY (Jan 29): Meta Platforms on Wednesday said it has agreed to pay about US$25 million (RM109.75 million) to settle a lawsuit by President Donald Trump over the company's suspension of his accounts after the Jan&nbsp;6, 2021, attack at the US&nbsp;Capitol.</p>


Meta to pay US$25m to settle Trump's 2021 lawsuit over suspended accounts

<p>KUCHING (Jan 30): The number of flood victims in Sarawak almost doubled as of 8am on Thursday, when 5,385 people from 1,505 families sought shelter at temporary relief centres, compared to 2,981 people from 862 families on Wednesday night.</p>


<p>Who knows what will befall mankind by 2034? Donald Trump will be gone; the planet will be warmer and probably whackier. As for football, Saudi Arabia will stage the Fifa World Cup final on a lofty perch some 350m above ground. Players will have chips implanted and VAR will be reading their minds....

<p>US-China tech rivalry has catalysed significant shifts in supply chains, creating openings for Southeast Asian nations such as Malaysia to attract foreign investments under the China Plus One (China+1) strategy amid the AI boom. The race for semiconductor supremacy is not just about business, tho...