<div>This article first appeared in <em>The Edge Financial Daily</em>, on August 15, 2016.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Tambun Indah Land Bhd</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Tambun Indah Land Bhd (fundamental: 2.7/3, valuation: 2.4/3) triggered our momentum algorithm for the first time this month, after trades of 5.1 million shares, compared to its 200-day average volume of 318,848.5. The counter rose six sen or 4.1% to close at RM1.53.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>On Aug 11, the group announced a 67% spike in its net profit to RM28.57 million for the second quarter ended June 30, 2016 (2QFY2016) from RM17.09 million a year earlier, due to higher billings, take-up rates and percentage of project completion.</p></div>

<div class=newsTextDataWrapInner><p>Revenue for the quarter jumped 74% to RM104.33 million from RM60.01 million.</p></div>

<div class=newsTextDataWrapInner><p>For the first half of the financial year, net profit rose 11% to RM52.19 million from RM46.99 million, while revenue increased 2% to RM193.65 million. The stock currently trades at 1.28 times its book value. Tambun Indah paid a final dividend of six sen per share for the financial year ended Dec 31, 2015.</p></div>


This article first appeared in The Edge Financial Daily, on August 15, 2016.

 

Tambun Indah Land Bhd

SHARES in Tambun Indah Land Bhd (fundamental: 2.7/3, valuation: 2.4/3) triggered our momentum algorithm for the first time thi...

Stock With Momentum: Tambun Indah Land

BRUSSELS (Jan 29): The European Commission presented on Wednesday its plans to reverse industrial decline in the bloc, and step up efforts to compete with the United States and China in new fields such as artificial intelligence (AI), to lower energy costs, and to cut red tape.

EU points way to competitive future to catch US, China rivals

(Jan 29): Thailand expects to complete its first high-speed rail network linking the country to China through Laos in 2030, a long-delayed project officials have touted as key to furthering bilateral relations and trade between the two nations.

Thai high-speed rail linking Bangkok to China eyes 2030 opening

WASHINGTON (Jan 29): The US trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods, in anticipation of broad tariffs from President Donald Trump's new administration.

Record US goods trade deficit seen cutting into fourth-quarter GDP growth

MILAN/ROME/DUBLIN/BERLIN (Jan 29): The Chinese artificial intelligence (AI) app DeepSeek could not be accessed on Wednesday in Apple and Google app stores in Italy, the day after the country's data protection authority requested information on its use of personal data.

DeepSeek blocked on Apple and Google app stores in Italy

NEW YORK/BENGALURU (Jan 29): The S&P 500 and the Nasdaq slipped on Wednesday, as losses in tech heavyweights Apple and Nvidia pressured broader gains and as cautious investors braced for the US Federal Reserve's interest-rate decision, expected later in the day.

Tech majors drag on S&P 500, Nasdaq as Fed's rate verdict looms

KUALA LUMPUR (Jan 29): Global air cargo markets made significant strides last year, with demand rising 11.3% in cargo tonne-kilometres (CTK) compared to 2023, surpassing the record volumes set in 2021, according to the International Air Transport Association (IATA).

IATA: Air cargo demand soars 11.3% in 2024, surpassing 2021 record

LONDON (Jan 29): World markets were suddenly looking calmer on Wednesday as the week’s rollercoaster ride for stock markets morphed into wait-and-see ahead of the US Federal Reserve’s first rate meeting of the year and results from Microsoft, Meta and Tesla.

European stocks hit all-time high, Fed expected to hold rates

BANGKOK (Jan 29): ByteDance's TikTok will invest 126.8 billion baht (US$3.76 billion, or RM16.51 billion) in Thailand in a data hosting service, the Thai investment board said on Wednesday.

TikTok to invest US$3.8b in Thailand data hosting project, investment board says

KUALA LUMPUR (Jan 29): The retail price of diesel in Peninsular Malaysia will increase by five sen per litre, from RM3.13 to RM3.18 per litre, from Jan 30 to Feb 5, while in Sabah, Sarawak, and Labuan, the price remains at RM2.15 per litre.

RON95, RON97 prices unchanged, diesel up by five sen in Peninsular Malaysia

MIRI (Jan 29): The last victim of the landslide incident at Kampung Lereng Bukit was found at 6.06pm on Wednesday, according to Miri Police chief ACP Alexson Naga Chabu.

Last victim of Miri landslide found, SAR concluded

<p>NEW YORK/BENGALURU (Jan 29): The S&amp;P 500 and the Nasdaq slipped on Wednesday, as losses in tech heavyweights Apple and Nvidia pressured broader gains and as cautious investors braced for the US&nbsp;Federal Reserve's interest-rate decision, expected later in the day.</p>


<p>MILAN/ROME/DUBLIN/BERLIN (Jan 29): The Chinese artificial intelligence (AI) app DeepSeek could not be accessed on Wednesday in Apple and Google app stores in Italy, the day after the country's data protection authority requested information on its use of personal data.</p>


<p>(Jan 29): Thailand expects to complete its first high-speed rail network linking the country to China through Laos in 2030, a long-delayed project officials have touted as key to furthering bilateral relations and trade between the two nations.</p>


<p>BRUSSELS (Jan 29): The European Commission presented on Wednesday its plans to reverse industrial decline in the bloc, and step up efforts to compete with the United States and China in new fields such as artificial intelligence (AI), to lower energy costs, and to cut red tape.</p>


<p>WASHINGTON (Jan 29): The US&nbsp;trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods, in anticipation of broad tariffs from President Donald Trump's new administration.</p>


<p>KUALA LUMPUR (Jan 29): Global air cargo markets made significant strides last year, with demand rising 11.3% in cargo tonne-kilometres (CTK) compared to 2023, surpassing the record volumes set in 2021, according to the International Air Transport Association (IATA).</p>
