<div>This article first appeared in <em>The Edge Financial Daily</em>, on March 30, 2017.<br />
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&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Utusan Melayu (M) Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Utusan Melayu (M) Bhd (fundamental: 0.2/3, valuation: 0.9/3), which triggered our momentum algorithm yesterday for the first time since 2015, was however red-flagged by the same algorithm, suggesting that investors should exercise extra caution while trading in the stock.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The counter closed 10.5 sen or 19.3% higher at 65 sen yesterday, with 202,000 shares traded, versus its 200-day average volume of only 13,553 shares.</p></div>

<div class=newsTextDataWrapInner><p>Utusan Melayu posted a net loss of RM9.27 million in the fourth quarter ended Dec 31, 2016 (4QFY16), compared to a net profit of RM23.42 million a year earlier, as other income dropped significantly on the absence of a gain on investment disposal, which was recorded in 4QFY15. Quarterly revenue fell 1.4% to RM66.97 million from RM67.93 million.</p></div>

<div class=newsTextDataWrapInner><p>For the full year, its net loss more than tripled to RM69.38 million from RM20.98 million in FY15, while revenue slipped 7.4% to RM230.37 million from RM248.87 million.</p></div>


This article first appeared in The Edge Financial Daily, on March 30, 2017.

 

Utusan Melayu (M) Bhd (-ve)

SHARES in Utusan Melayu (M) Bhd (fundamental: 0.2/3, valuation: 0.9/3), which triggered our momentum algorithm yesterday ...

Stock With Momentum: Utusan Melayu

Buyout firm Affinity Equity Partners is in talks to acquire Malaysian seafood supplier Golden Fresh Sdn Bhd, according to people familiar with the matter.

Affinity is said to be in talks to buy Malaysian seafood supplier Golden Fresh, Bloomberg reports

KUALA LUMPUR (Nov 22): Chin Hin Group Property Bhd (KL:CHGP) has established a RM500 million perpetual notes programme.

Chin Hin Group Property establishes RM500m perpetual notes programme

Mitsubishi UFJ Financial Group Inc said it has fired an employee who allegedly stole as much as ¥2 billion (US$13 million or RM58.2 million) from the safe deposit boxes of approximately 60 customers.

MUFG fires worker for US$13m theft from clients’ safe boxes

Affin Bank Bhd (KL:AFFIN) on Friday cut some of its key financial expectations for the full year even as net profit surged in the third quarter, as the company continues efforts to improve profitability.

Affin Bank cuts key expectations even as 3Q net profit surges

India’s capital markets regulator is looking into whether the Adani Group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter.

India watchdog investigating whether Adani flouted disclosure rules, Bloomberg reports

Equity benchmarks in Taiwan and South Korea climbed more than 1% on Friday, boosted by optimism around Nvidia's robust earnings, while the US dollar's sustained strength weighed on key emerging market currencies in Asia.

Taiwan, South Korea lead gains among Asian equities, FX stays subdued

Gold looked set for its largest weekly gain in over 13 months on Friday as escalating geopolitical tensions drove investors to safe assets, while a tech rebound led Asian equities higher after worries over Nvidia's sales growth eased.

Gold surges over broader Ukraine war fears; tech stocks rebound

Bain Capital-backed Kioxia's market value is seen around ¥750 billion (US$4.85 billion or RM21.7 billion) in its initial public offering, a regulatory filing showed on Friday.

Kioxia's market value set at US$4.9b in IPO

Mah Sing Group Bhd's (KL:MAHSING) M Luna condominium development in Kepong has achieved a Qlassic score of 86%, the highest for an M Series project, according to a press statement on Friday.

Mah Sing's M Luna condo in Kepong achieves 86% Qlassic score

Analysts are projecting a stronger showing from Sunway Construction Group Berhad (KL: SUNCON) in 4Q2024, driven by significant job progress, especially data centre (DC)-led projects.

Analysts expect stronger 4Q for Sunway Construction

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

<p>AirAsia hopes to emulate Dubai’s success in connecting the world, but in a low-cost format from places like Bangkok and Kuala Lumpur as the discount carrier looks to move on from its tumultuous pandemic years.</p>


AirAsia founder plots low-cost Dubai-like hub in Bangkok, KL

<p>KUALA LUMPUR (Nov 22): Shares of DRB-Hicom Bhd (KL:DRBHCOM) fell on Friday to their lowest in more than four years, after the automotive-to-banking conglomerate reported weaker than expected quarterly results.</p>


DRB-Hicom shares fall to over four-year low, analysts divided over outlook after 3Q

<p>Affin Bank Bhd (KL:AFFIN) on Friday cut some of its key financial expectations for the full year even as net profit surged in the third quarter, as the company continues efforts to improve profitability.</p>


<p>KUALA LUMPUR (Nov 22): Globetronics Technology Bhd (KL:GTRONIC) surged as top most-actively-traded stocks on Friday morning, after the company secured a RM145 million contract to provide integrated circuit (IC) product packaging, testing, and backend services to Taiwan-based ChipMOS Technologies Inc. &nbsp;</p>


Globetronics shares surge on RM145m contract win with Taiwan’s ChipMOS

<p>CapitaLand Investment Ltd, one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis.</p>


CapitaLand warns of China losses as Singapore property investor cuts exposure

<p>Gold looked set for its largest weekly gain in over 13 months on Friday as escalating geopolitical tensions drove investors to safe assets, while a tech rebound led Asian equities higher after worries over Nvidia's sales growth eased.</p>


<p>Now is an opportune time to accumulate Dayang Enterprise Holdings Bhd (KL:DAYANG) shares given its undemanding valuations, said CGS International.</p>


Good opportunity to accumulate Dayang shares — CGS

<p>China’s richest man lashed out at two of the country’s biggest tech giants for fanning online vitriol targeting him earlier this year and instigating a price war that wiped out tens of billions of market value for his bottled-water empire.</p>


China’s richest man berates PDD, ByteDance for months of misery

<p>KUALA LUMPUR (Nov 22): Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.&nbsp;</p>


Berjaya Land launches RM373m Oaka Residences in Bukit Jalil

<p>US President-elect Donald Trump said on Thursday he would nominate former Florida attorney general and loyalist Pam Bondi to be US attorney general, moving swiftly to replace his former nominee Matt Gaetz after the embattled former congressman withdrew from consideration.</p>


Trump picks Pam Bondi for US attorney general after Gaetz withdraws

<p>TOKYO (Nov 22): Nissan&nbsp;Motor&nbsp;will cut or transfer about 1,000 jobs in Thailand, as it shrinks production in Southeast Asia, part of its recently announced global workforce reduction plan, two sources familiar with the matter told<em> Reuters</em> on Friday.</p>


Nissan to cut or transfer about 1,000 jobs in Thailand — Reuters

<p>KUALA LUMPUR (Nov 22): Hong Kong-based energy services firm Unity Group Holdings International Ltd said it is planning a secondary listing in Malaysia.</p>


Hong Kong-based Unity Group pursues secondary listing on Bursa Malaysia

<p>GEORGE TOWN (Nov 22): Penang&nbsp;welcomed Hong Kong Express’ (HK Express) inaugural direct flight from Hong Kong on Friday, marking a milestone in the state’s tourism development.</p>


Penang welcomes HK Express’ inaugural flight from Hong Kong

<p>Inflation in Malaysia picked up slightly and was a tad faster than expected in October as prices of food and personal care products, including jewellery, rose, official data released on Friday showed.</p>


Inflation in Malaysia picks up slightly in October, official data shows

<p>KUALA LUMPUR (Nov 22): TSH Resources Bhd (KL:TSH) reported a 12.19% increase in its net profit for the third quarter spanning July to September 2024 (3QFY2024), despite a drop in revenue, as it recorded reduced non-controlling interests, which resulted in the larger share of profit attributable to the owners of the company.</p>


TSH Resources reports 12% rise in 3Q net profit, pays 2.5 sen dividend

<p>The Royal Malaysian Police (PDRM) has no information on the whereabouts of wanted businessman Jho Low, who is reportedly in Myanmar, said Inspector-General of Police (IGP) Tan Sri Razarudin Husain.</p>


We have no information on Jho Low's whereabouts, says IGP

<p>Nvidia Corp assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected.&nbsp;</p>


Nvidia says new chip remains on track, helping soothe investors

<p>KUALA LUMPUR (Nov 22): Master Builders Association Malaysia (MBAM) supports the Construction Industry Development Board (CIDB) Malaysia’s decision to retract its quality guidebook for homeowners, said MBAM president Oliver HC Wee.&nbsp;</p>


MBAM supports CIDB’s decision to retract quality guidebook for homeowners

<p>KUALA LUMPUR (Nov 22): Damansara REIT Managers Sdn Bhd, the manager of Al-`Aqar Healthcare REIT &nbsp;(KL:ALAQAR)&nbsp;and Al-Salam REIT&nbsp;(KL:ALSREIT), has appointed Zulhilmy Kamaruddin as its new chief executive officer (CEO) as of Thursday (Nov 21).</p>
