<div>This article first appeared in <em>The Edge Financial Daily</em>, on November 8, 2016.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Teo Guan Lee Corp Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Teo Guan Lee Corp Bhd (fundamental: 1.9/3, valuation: 2/3) triggered our momentum algorithm for the first time this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The counter closed unchanged at RM1.51 yesterday, with a volume of 12,800 shares, far exceeding its 200-day average volume of 2,063 shares.</p></div>

<div class=newsTextDataWrapInner><p>Teo Guan Lee manufactures and distributes branded baby and children apparel in major departmental stores, with brands that include Cuddles, Kikilala and Tom &amp; Jerry.</p></div>

<div class=newsTextDataWrapInner><p>For its financial year ended June 30, 2016 (FY16), the group reported a net profit of RM5.44 million, which was 22.8% more than its FY15 net profit of RM4.43 million. The jump was attributed to a substantial increase in buying in its fourth financial quarter ended June 30, 2016 due to the Hari Raya festivities.</p></div>

<div class=newsTextDataWrapInner><p>Revenue for FY16 came in 1.3% lower at RM100.31 million, from RM101.61 million a year ago.</p></div>

<div class=newsTextDataWrapInner><p>At the current share price, Teo Guan Lee is trading at 0.76 times its book value.</p></div>


This article first appeared in The Edge Financial Daily, on November 8, 2016.

 

Teo Guan Lee Corp Bhd (-ve)

SHARES in Teo Guan Lee Corp Bhd (fundamental: 1.9/3, valuation: 2/3) triggered our momentum algorithm for the first tim...

Stock With Momentum: Teo Guan Lee Corp

Long queues were spotted at Sports Toto Bhd's (KL:SPTOTO) outlets across Malaysia on Saturday, as eager punters lined up for a chance to strike it rich with the record-breaking RM100 million Supreme 6/58 jackpot.

Nationwide frenzy: Long queues at Sports Toto outlets as punters hope to win RM100m jackpot

Malaysia’s Energy Commission (EC) will conduct an open tender for the large-scale solar (LSS) Petra 5+ programme, offering opportunities to develop solar plants with capacities ranging from 10MW to 500MW, scheduled for operation in 2027.

Malaysia calls for second LSS5 bid, target 2GW

The US Federal Trade Commision (FTC) said on Friday it had approved a consent order to resolve antitrust issues concerning Chevron's US$53 billion (RM238.71 billion) takeover of Hess.

US FTC finalises consent order for US$53b Chevron-Hess merger

Donald Trump's incoming US presidential administration plans to intensify immigration enforcement nationwide soon after he takes office on Monday, a person with knowledge of the plans said.

Trump plans to intensify immigration enforcement soon after inauguration, Reuters reports

US President-elect Donald Trump’s policies risk stunting global growth and weakening demand for Malaysian chips, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

US trade war threatens demand for Malaysian chips, says Zafrul

There has been endless speculation about the chaos that may (or may not) await America and the world following US President-elect Donald Trump’s inauguration on January 20. No one knows how much of Trump’s stated agenda is “for real,” and how much of it is political posturing for his base, a show...

Unconventional Economic Wisdom: Trump Is on a Collision Course With the US Budget

TikTok said it will be forced to “go dark” in the US on Sunday unless there is a clear statement from the Biden administration to service providers that are maintaining its availability.

TikTok says to ‘go dark’ in US on Sunday without White House clarity

The US Federal Reserve (Fed) has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition of central banks engaged in the study of climate risk that was launched in 2017.

Fed withdraws from global climate coalition

Bitcoin appears to be back on track towards record highs with the second presidential inauguration of pro-crypto Donald Trump just days away. 

The largest cryptocurrency by market value has climbed as much as 13% since Sunday, putting it on pace for the biggest weekly gain since election week in November. Bitcoin, which reached a record US$108,315 (RM487,851) in December, had declined in three of the prior four weeks. It was up about 4.9% to US$105,076 as of 3.44pm in New York.

Bitcoin jumps to high for year ahead of Trump inauguration

Bank of America Corp is divvying up a roughly US$1 billion (RM4.5 billion) pool of restricted stock among the majority of its staff, lifting compensation to retain employees as the lender seeks to boost earnings while keeping a lid on expenses.

Bank of America staff to share about US$1b of stock awards

<p>In a last-minute move by the Biden-Harris administration, a new Interim Final Rule on Artificial Intelligence Diffusion was announced on Monday (Jan 13), imposing stricter export controls on US-developed AI chips.</p>


Is Malaysia’s chip sector prepared for the storm?

<p>US President-elect Donald Trump’s policies risk stunting global growth and weakening demand for Malaysian chips, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.</p>


<p>TikTok said it will be forced to “go dark” in the US on Sunday unless there is a clear statement from the Biden administration to service providers that are maintaining its availability.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim’s visit to the UK has successfully attracted&nbsp;RM11 billion in potential investments across various sectors, including renewable energy and the digital economy.</p>


PM's UK visit attracts potential investments worth RM11b

<p>Outgoing Treasury Secretary Janet Yellen said her department will start taking special accounting manoeuvres as of Jan&nbsp;21 to avoid breaching the US debt limit, and urged lawmakers again to take steps to increase or suspend the statutory ceiling.</p>


US to take extraordinary steps to avert default, Yellen says

<p>Long queues were spotted at Sports Toto Bhd's (KL:SPTOTO) outlets across Malaysia on Saturday, as eager punters lined up for a chance to strike it rich with the record-breaking RM100 million Supreme 6/58 jackpot.</p>


<p>Malaysia’s Energy Commission (EC) will conduct an open tender for the large-scale solar (LSS) Petra 5+ programme, offering opportunities to develop solar plants with capacities ranging from 10MW to 500MW, scheduled for operation in 2027.</p>


<p>MSCI's&nbsp;global&nbsp;equities index rose on Friday, while US&nbsp;Treasury yields turned higher with the dollar, as upbeat economic data and earnings appeared to help investors shrug off any jitters ahead of the US&nbsp;presidential inauguration.</p>


Global shares rise with dollar, US bond yields turn higher

<p>Donald&nbsp;Trump's&nbsp;incoming US&nbsp;presidential administration plans to intensify immigration enforcement nationwide soon after he takes office on Monday, a person with knowledge of the plans said.</p>


<p>Intel Corp&nbsp;shares jumped as much as 9.5% on Friday morning after a report on a technology news site said the beleaguered chipmaker is an acquisition target.</p>


Intel shares jump on report it’s an acquisition target

<p>With US President-elect Donald Trump due to be sworn in on Monday, Jan&nbsp;20, Malaysia believes it can navigate any&nbsp;political or economic&nbsp;uncertainties arising from his second term in the White House.</p>


Malaysia confident of navigating possible challenges from Trump's presidency, says Anwar

<p>Malaysians abroad should not underestimate the technological advancement, expertise and talent available back home, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Don’t underestimate technological advancement and talent back home, says Anwar

<p>Chief Minister Chow Kon Yeow has denied recent claims in local media reports that the state government plans to increase hotel accommodation fees by up to 50% this year.</p>


Penang has no plans to raise hotel fees, says CM

<p>Bitcoin appears to be back on track towards record highs with the second presidential inauguration of pro-crypto Donald Trump just days away.&nbsp;</p>

<p>The largest cryptocurrency by market value has climbed as much as 13% since Sunday, putting it on pace for the biggest weekly gain since election week in November. Bitcoin, which reached a record US$108,315 (RM487,851) in December, had declined in three of the prior four weeks. It was up about 4.9% to US$105,076 as of 3.44pm&nbsp;in New York.</p>


<p>Starbucks Corp&nbsp;said it will eliminate some corporate positions, the latest chapter of chief executive officer Brian Niccol’s plan to rebuild the company.</p>

<p>The announcement will come in early March and “will not affect our in-store teams or the investments we are making in store hours,” Niccol wrote in a memo to workers that was included in a regulatory filing. The company declined to say how many positions will be eliminated and in what areas.</p>


Starbucks in US to cut corporate jobs as part of turnaround

<p>Bank of America Corp&nbsp;is divvying up a roughly US$1 billion (RM4.5&nbsp;billion) pool of restricted stock among the majority of its staff, lifting compensation to retain employees as the lender seeks to boost earnings while keeping a lid on expenses.</p>


<p>The US Federal Reserve (Fed) has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition of central banks engaged in the study of climate risk that was launched in 2017.</p>


<p>The US&nbsp;Federal Trade Commision (FTC) said on Friday it had approved a consent order to resolve antitrust issues concerning&nbsp;Chevron's US$53 billion (RM238.71 billion) takeover of Hess.</p>


<p>Israel’s full Cabinet approved a ceasefire and hostage-prisoner exchange deal with Hamas, clearing the way for a six-week pause from Sunday to the 15 months of war in Gaza.</p>
