<div class=newsTextDataWrapInner>This article first appeared in The Edge Financial Daily on March 19, 2018 - March 25, 2018</div><div class=newsTextDataWrapInner>Teo Seng Capital Bhd (-ve)</div>

<div class=newsTextDataWrapInner>SHARES in Teo Seng Capital Bhd (fundamental: 0.55/3, valuation: 0.5/3) triggered our momentum algorithm last Friday for the second time this month. Teo Seng closed up one sen or 0.99% at RM1.02, after 1.17 million shares were traded, versus the counter’s 200-day average volume of 210,369 shares. The group’s market capitalisation stood at RM302.72 million.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>The group is principally involved in the manufacturing of animal feeds and layer farming including the manufacture of paper egg trays. It is also involved in the trading of animal feed additives, disinfectants and insecticides.</div>

<div class=newsTextDataWrapInner>In the fourth quarter ended Dec 31, 2017 (4QFY17), Teo Seng almost tripled its net profit to RM12.79 million from RM4.61 million in the previous corresponding quarter. Quarterly revenue rose 5.8% to RM118.17 million from RM111.65 million in 4QFY16, thanks to increasing demand for existing and new animal health products. As of last Friday, its shares were trading at 1.2 times its net book value.</div>

Teo Seng Capital Bhd (-ve)

SHARES in Teo Seng Capital Bhd (fundamental: 0.55/3, valuation: 0.5/3) triggered our momentum algorithm last Friday for the second time this month. Teo Seng closed up one sen or 0.99% at RM1.02, after 1.17 million shares were traded, versus th...

Stock With Momentum: Teo Seng Capital

Israeli Prime Minister Benjamin Netanyahu's rightist government celebrated on Wednesday after Republican Donald Trump claimed victory in the US presidential election.

The outcome is a relief for Netanyahu's coalition, which has clashed with President Joe Biden's Democratic administration over the wars in Gaza and Lebanon.

Israel's rightist government celebrates as Trump claims victory

(Nov 6): Commerzbank AG set aside more money for souring loans and slightly lowered a guidance for lending income next year, complicating efforts to fend off an unsolicited approach by rival UniCredit SpA.

Credit loss provisions at the Frankfurt-based lender almost tripled from a year e...

Commerzbank provisions complicate CEO Orlopp’s UniCredit defence

KUALA LUMPUR (Nov 6): TMC Life Sciences Bhd (KL:TMCLIFE) said on Wednesday that it will begin construction of its integrated medical hub, Thomson Iskandar in Johor Bahru, by late 2025, with completion targeted for 2030.

TMC revives Thomson Iskandar medical hub in JB with 2030 completion target

Ukraine's President Volodymyr Zelenskiy rapidly congratulated Donald Trump on Wednesday morning for winning the US election, saying the Republican's "peace through strength" approach to global affairs could bring a "just peace" closer in Ukraine.

Ukraine's Zelenskiy praises Trump's 'impressive' election win

Former treasury secretary general Tan Sri Dr Mohd Irwan Serigar Abdullah was successful in his bid on Wednesday to bring in two former 1Malaysia Development Bhd (1MDB) board members and its former chief financial officer, Azmi Tahir, as third parties in a US$6.59 billion suit filed by 1MDB against Irwan and Arul Kanda Kandasamy, a former president of the company.

COA allows Irwan’s appeal in 1MDB's US$6.59b suit, brings in two ex-board members, former CFO as third parties

IN a surprising move last week, former prime minister Datuk Seri Najib Razak expressed regret that the multi-billion dollar scandal 1Malaysia Development Bhd had occured under his watch.  His “unequivocal apology to all Malaysians for his oversight” comes ahead of  an impending decision...

1MDB-Tanore Trial: Najib to know on Wednesday whether he needs to enter defence or is acquitted 

India's palm oil imports surged 59% in October to a three-month high compared to the previous month, as refiners boosted purchases to replenish stocks depleted by lower-than-usual imports in recent months and strong festive demand, five dealers said.

India's October palm oil imports hit three-month high on festive demand, dealers say 

BMW on Wednesday reported a 61% drop in its third-quarter profit that missed analyst expectations because of slumping China sales and brake problems, but said it was on track to meet its adjusted full-year financial outlook.

BMW profit dives, misses expectations due to weak China sales, brake issues

Toyota Motor posted on Wednesday its first quarterly profit drop in two years as its weaker sales and production issues in two crucial markets — Japan and the US — stalled the Japanese automaker's recent record run.

Toyota posts first quarterly profit drop in two years, hit by production woes

Singapore's dollar and Thailand's baht slid the most among Asian currencies on Wednesday, while the Mexican peso hit a two-year low as the dollar surged on projections that Republican Donald Trump had won the US presidential election.

Asian currencies tumble as projected Trump win propels dollar

Republican&nbsp;Donald&nbsp;Trump&nbsp;claimed victory in the 2024 presidential contest after Fox News projected that he had defeated Democrat&nbsp;Kamala Harris, which would cap a stunning political comeback four years after he left the White House.

Trump claims victory as Fox News projects he has won US presidency

KUALA LUMPUR (Nov 16): The Employees Provident Fund (EPF) has set aside a provision of RM24 million following an accounting adjustment at its Battersea joint venture (JV) firm.

MOF: EPF books RM24m in provision for London’s Battersea project following IFRS treatment

The Federal Court dismissed the appeal by a businesswoman, who was challenging the Court of Appeal decision&nbsp;which had overturned a High Court decision that she was entitled to RM200,000 damages from CTOS Data Systems Sdn Bhd (CDS), a subsidiary of CTOS Digital Bhd (KL:CTOS).

Businesswoman’s challenge against CTOS ends as apex court refuses to grant leave

3REN Bhd’s (KL:3REN) shares&nbsp;rallied&nbsp;in early trade on Bursa Malaysia, emerging as the most actively traded stock on its debut on the ACE Market.

3REN shares surge 25% on ACE Market debut

Stocks extended gains, Treasury yields jumped, while the dollar climbed the most since February 2023, as early returns bolstered trades that have for months risen with Donald Trump’s election prospects.

Stocks, dollar and yields rise on early Trump lead

Bank Negara Malaysia (BNM) has kept the overnight policy rate (OPR) unchanged at 3% as widely expected as it noted the continued expansion of the global economy and the sustained strength of domestic economic activities with inflation remaining "modest".

The benchmark interest rate decision was made&nbsp;by the Monetary Policy Committee (MPC) at its&nbsp;meeting on Wednesday, it said in a statement.

Bank Negara leaves OPR unchanged at 3%

RHB Research anticipates Gamuda Bhd's (KL:GAMUDA) inclusion in the FBM KLCI, while Genting Malaysia Bhd (KL:GENM) and Genting Bhd (KL:GENTING) risk exclusion, ahead of the&nbsp;semi-annual review of the index's component stocks on Dec 5.

RHB expects Gamuda's KLCI inclusion ahead of semi-annual review

Malaysia remained the fifth most connected country in Asean in the first half of 2024 (1H2024), after Thailand, Singapore, Vietnam and Indonesia, according to the Malaysian Aviation Commission’s (Mavcom) latest Air Connectivity Index (ACI).

Malaysia the fifth most connected country in Asean in 1H

The government's decision to introduce mandatory Employees Provident Fund (EPF) contributions for foreign workers is meant to address the country's heavy dependence on foreign labour, while promoting fairness in the domestic labour market, said Finance Minister II Datuk Seri Amir Hamzah Azizan.&nbsp;

Mandatory EPF contribution meant to reduce reliance on foreign workers, says Amir Hamzah

Pharmaniaga Bhd (KL:PHARMA) has revised its regularisation plan, which aims to lift it out of Practice Note 17 (PN17) status, by adjusting the capital reduction and excluding warrants from its rights issue.

The proposed plan now includes a RM520 million capital reduction, as well as a rights issue set to raise up to RM353.516 million. Meanwhile, a RM300 million private placement proposed by the company remained unchanged.

Pharmaniaga axes free warrants in RM654 mil fundraising plan, Boustead, LTAT may pump in RM194 mil

SHANGHAI (Nov 5): Prime Minister Datuk Seri Anwar Ibrahim has extended an invitation to Jiangsu Longda Superalloy Co Ltd to expand its business into Malaysia.

Anwar invites China’s Jiangsu Longda to expand biz into Malaysia

Fraser &amp; Neave Holdings Bhd (KL:F&amp;N) has flagged that its cash flow will be affected by the delayed start of milk production at its integrated dairy farm in Gemas, Negeri Sembilan, due to the sudden suspension of imports of dairy cows from the US due to concerns over an avian flu outbreak. &nbsp;

F&N flags cash flow impact from delayed milk production at Gemas farm due to suspension of heifer imports

KUALA LUMPUR (Nov 6): Plantation companies are projected to post higher quarter-on-quarter (q-o-q) earnings in their upcoming quarterly results, thanks to stronger output and improved performance within the oleochemical segment, said Hong Leong Investment Bank (HLIB).

Planters set for higher quarterly earnings boosted by stronger output, oleochemical gains — HLIB

Increased market volatility is expected in the near term due to the US presidential election, but the Federal Reserve's (Fed) decision&nbsp;following the Federal Open Market Committee meeting this Wednesday and Thursday is likely to have a more significant impact, said MIDF Research.

Market volatility looms with US election, but Fed decision's impact more significant — MIDF

Technology and semiconductor-related stocks on Bursa Malaysia surged on Wednesday afternoon, amid anticipation that Republican candidate Donald Trump could claim victory in the 2024 US presidential election, defeating Democrat Kamala Harris.

Malaysian tech stocks surge amid anticipation of Trump victory in US election

KUALA LUMPUR (Nov 6): Malaysia is set to launch a new investment incentive scheme by mid-2025, that aims to introduce stricter regulations for foreign investors to meet localisation requirements.

Liew: Malaysia to introduce stricter localisation requirement for foreign investments

A growing number of Wall Street strategists are predicting that a decision in the US presidential election will set the stage for stocks to rally into the end of 2024, building on a 21% gain this year for the S&amp;P 500 Index.

Wall Street counting on stocks to rally after election hurdle

Malaysian military contractor Leonard Francis, also known as 'Fat Leonard', one of the main defendants in the US Navy's worst-ever corruption scandal, has been sentenced to 15 years of imprisonment, the US Attorney's Office in Southern District of California said on Wednesday.&nbsp;

Malaysian military contractor 'Fat Leonard' sentenced to 15 years in US jail for bribery

Former attorney general Tan Sri Tommy Thomas has contended that there was no malice in prosecutions&nbsp;during&nbsp;his time as the AG, and that he was merely discharging his constitutional duties when preferring criminal charges, regardless of the accused's political standing.

Tommy Thomas says no political prosecution when he was AG, only constitutional duties being discharged

SINGAPORE (Nov 6): Malaysia’s central bank, Bank Negara&nbsp;Malaysia&nbsp;(BNM), is closely monitoring the US presidential election and is prepared to manage market volatility and ensure orderly market conditions, it told Reuters late on Tuesday (Nov 5).