<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on August 30, 2017 - September 5, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>Xinghe Holdings Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Xinghe Holdings Bhd (fundamental: 1.05/3, valuation: 1.5/3), closed unchanged at 4.5 sen yesterday after 20.18 million shares were traded, far above the counter’s 200-day average of 2.59 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Xinghe returned to the black with a net profit of RM148,000 for the second quarter ended June 30, 2017, compared to a net loss of RM4.5 million a year ago, even though revenue fell 15.9% to RM78.22 million from RM93.02 million.</p></div>

<div class=newsTextDataWrapInner><p>It said the turnaround was due to higher gross profit margin — mainly due to stable or improved average selling prices across its product range — and an unrealised exchange gain of RM1.2 million.</p></div>

<div class=newsTextDataWrapInner><p>The lower top line, meanwhile, was caused by lower sales volume due to the continued weakness in demand for its peanut oil and productivity loss from switching to natural gas from coal. At the current share price, Xinghe is trading at 0.21 times its book value.</p></div>


Xinghe Holdings Bhd (+ve)

SHARES in Xinghe Holdings Bhd (fundamental: 1.05/3, valuation: 1.5/3), closed unchanged at 4.5 sen yesterday after 20.18 million shares were traded, far above the counter’s 200-day average of 2.59 million shares.

Xinghe returned to th...

Stock With Momentum: Xinghe Holdings

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<p>(Nov 23):&nbsp;One of Malaysia’s wealthiest states is trying to seize control of the nation’s biggest gas reserves, complicating relations in the ruling coalition and threatening a blow to federal revenues.&nbsp;</p>


<p>KOTA TINGGI (Nov 24): Johor’s proposal to implement a four-and-a-half-day work week&nbsp;hinges on the state government’s rationale, said Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.</p>


<p>MANILA (Nov 24): The Philippines' security council will verify an alleged assassination threat by Vice President (VP) Sara Duterte against President Ferdinand Marcos Jr, a top official said on Sunday, describing it as a "matter of national security".</p>


<p>GEORGE TOWN (Nov 23): Rackson Group has unveiled a landmark RM1.5 billion gross development value (GDV) project in Bayan Lepas, featuring Le Meridien Penang Airport and Avion serviced apartments. &nbsp;</p>


<p>KUALA LUMPUR (Nov 23): Prime Minister Datuk Seri Anwar Ibrahim reaffirmed the Madani&nbsp;government's commitment to prioritising the welfare of the people across all states, including those led by the opposition, by steadily increasing their allocations.</p>


<p>KUALA LUMPUR (Nov 23): The government has called on stakeholders, particularly housing developers, to adopt alternative energy sources&nbsp;such as solar power, and prioritise biodiversity, Deputy Prime Minister Datuk Seri Fadillah Yusof said. &nbsp;</p>


<p>MOSCOW (Nov 23): Russian President Vladimir Putin signed a law on Saturday on debt forgiveness for new army recruits signing up to fight in Ukraine, a Russian government website showed.</p>


<p>BAKU, Azerbaijan (Nov 23): Countries agreed at the UNs COP29 climate conference to spend US$300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:</p>


<p>KUALA LUMPUR (Nov 23): National Unity Minister Datuk Aaron Ago Dagang reminded Malaysians that racial unity and cultural diversity must continue to be strengthened by all parties and should not be taken for granted.&nbsp;</p>


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