<div>This article first appeared in <em>The Edge Financial Daily,</em> on November 14, 2016.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Top Glove Corporation Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Top Glove Corporation Bhd (fundamental: 2.7/3, valuation: 1.7/3) triggered our momentum algorithm for the first time this year. The counter closed 24 sen or 4.8% higher at RM5.24 last Friday, with 25.76 million shares traded. It was the ninth most actively traded counter on Bursa Malaysia. In comparison, its 200-day average volume was only around 5.01 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Last Friday, export-oriented Top Glove declared a final interim dividend of 8.5 sen per share for its financial year ended Aug 31, 2016, payable on Jan 23.</p></div>

<div class=newsTextDataWrapInner><p>Bank Negara Malaysia said last Friday it is taking measures to ensure the markets do not price the ringgit excessively and out of sync.</p></div>

<div class=newsTextDataWrapInner><p>Reuters reported that the ringgit plunged to its weakest in more than 12 years in offshore markets last Friday as investors dumped government bonds, while the spot rate barely moved as the central bank kept a tight grip on the onshore market.</p></div>


This article first appeared in The Edge Financial Daily, on November 14, 2016.

 

Top Glove Corporation Bhd (-ve)

SHARES in Top Glove Corporation Bhd (fundamental: 2.7/3, valuation: 1.7/3) triggered our momentum algorithm for th...

Stock With Momentum: Top Glove Corporation

KUCHING (Jan 30): Sarawak Deputy Premier Datuk Amar Douglas Uggah Embas said the safety of residences at hillside areas will be discussed at the state Disaster Management Committee (JPBN) meeting in the near future.

Uggah: Sarawak committee to discuss hillside residential safety in upcoming meeting

FORMER prime minister Datuk Seri Najib Razak last week agreed with the prosecution that The Edge Media Group chairman Tan Sri Tong Kooi Ong had alerted him to Low Taek Jho’s (Jho Low) pilfering of 1MDB funds. Tong’s visit, Najib said, had increased his misgivings about the flamboyant businessman ...

1MDB-Tanore Trial: Najib agrees with DPP that The Edge chairman Tong alerted him to Jho Low’s scamming of 1MDB 

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

<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>


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

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


<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>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>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>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...

My Say: A top banker’s rare candid view of seven missed opportunities for the nation

<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...

<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>FORMER prime minister Datuk Seri Najib Razak last week agreed with the prosecution that The Edge Media Group chairman Tan Sri Tong Kooi Ong had alerted him to Low Taek Jho’s (Jho Low) pilfering of 1MDB funds. Tong’s visit, Najib said, had increased his misgivings about the flamboyant businessman ...

<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....