<div class=newsTextDataWrapInner><p><strong>Harbour-Link Group Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>Harbour (Fundamental: 1.7/3, Valuation: 1.8/3) was picked by our momentum algorithm for the 11th time since March 3, rising 52.9% over the period. The stock closed up 3.6% at RM2.60 yesterday.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The Bintulu-based company provides shipping and marine services, logistic services and equipment rental, as well as engineering and construction services. It also owns a 100-acre land at the Kidurong &nbsp;Industrial Area (KINDA) near Bintulu Port. Harbour intends to develop the land into a township with integrated facilities.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For 9MFYJune2015, net profit surged 76.1% to RM36.5 million while sales increased 9.2% to RM391.1 million, mainly due to logistics services and machineries segment as well as engineering works segment.</p></div>

<div class=newsTextDataWrapInner><p>On June 8, Harbour acquired Harbour Xtra Sdn Bhd, currently dormant, to facilitate the expansion of its ship owning and management operations.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The stock currently trades at a trailing 12-month P/E of 9.43 times and 1.74 times book.</p></div>

<div class=newsTextDataWrapInner><p><img alt="harbour_180615_fd_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/harbour_180615_fd_theedgemarkets.png" /></p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on June 18, 2015.</p></div>


Harbour-Link Group Bhd (+ve)

Harbour (Fundamental: 1.7/3, Valuation: 1.8/3) was picked by our momentum algorithm for the 11th time since March 3, rising 52.9% over the period. The stock closed up 3.6% at RM2.60 yesterday. 

The Bintulu-based company provid...

Stock With Momentum: Harbour-Link Group

While trade tensions between the US and China are bringing more investments to Southeast Asia, including Malaysia, worries over slower global growth and higher costs loom, according to Malaysia’s trade and investment chief.

Malaysia’s trade chief flags longer term pain from US-China rift

Vietnam President Luong Cuong forcefully warned of the dangers of a world with higher tariffs, one of the strongest criticisms so far of US President-elect Donald Trump’s approach to trade as world leaders gather this week in Peru.

Vietnam leader warns trade wars lead to poverty in dig at Trump

Asian equities were set to climb early Friday even as traders scaled back expectations for a Federal Reserve rate cut next month which weighed on US stocks and strengthened the dollar.

Japanese, Australian and Hong Kong equity futures all rose. Contracts for Tokyo benchmarks were supported by further weakness in the yen as an index of greenback strength advanced for a fifth day on Thursday.

Dollar rises with December Fed cut now in doubt

Nissan Motor Co. will have a year of breathing space in 2025 before hitting a record bond maturity wall as concerns mount about its ability to generate cash.

The automaker and its group firms have about $1.6 billion of debt due next year, a slight decrease from 2024, but that figure will jump to around $5.6 billion in 2026, the most in Bloomberg-compiled data going back to 1996.

Nissan faces record debt bill with one year left to fix finances

Stocks fell after Jerome Powell signaled there’s no need for the Federal Reserve to rush with rate cuts as the economy is holding up.

The equity market closed near session lows, US two-year yields spiked and the dollar climbed after Powell’s remarks

Stocks get hit as Powell’s remarks curb Fed wagers

Here is a brief recap of some corporate announcements that made the news on Thursday.

Bumi Armada, MISC, Berjaya Food, Mr DIY, Prolintas, Lysaght, Keyfield, Teo Seng, YTL Power, Ranhill Utilities, Seal and LBS Bina

US regulators led by the Federal Reserve have refused to endorse a plan that would have seen the Basel Committee on Banking Supervision push lenders to disclose their climate risk, according to people familiar with the matter.

Fed refuses to back Basel climate plan, leaving talks in limbo

Ford Motor Co agreed to a US$165 million (RM733.5 million) civil penalty to settle allegations the company failed to recall cars with defective rearview cameras in a timely manner, the second largest fine ever levied by the National Highway Traffic Safety Administration (NHTSA).

Ford hit with near-record US$165 mil penalty on recall failure

Small and medium enterprises (SMEs) play a crucial role in driving economic growth within the Asia-Pacific Economic Cooperation (Apec) region, particularly when it comes to fostering inclusive development, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

SMEs play crucial role in driving growth in Apec economies, fostering inclusivity — Tengku Zafrul

The government will draft the Government Procurement Bill (GP Bill) in taking specific steps to increase transparency in the government procurement process, according to the Ministry of Finance.

Govt procurement draft bill to be tabled in Parliament next year

<p>Here is a brief recap of some corporate announcements that made the news on Thursday.</p>


<p>Cash-rich Lysaght Galvanized Steel Bhd (KL:LYSAGHT) has declared a special dividend of 35 sen per share as its quarterly earnings rose to an eight-year high.</p>

<p>This brings the total dividend declared to 43 sen per share in the current financial year ending Dec 31, 2024 (FY2024) so far — the highest since FY2018 when it paid out 50 sen dividend per share.</p>


Lysaght pays special dividend of 35 sen as earnings rise to eight-year high

<p>Scomi Energy Services Bhd (KL:SCOMIES), a Practice Note 17 (PN17) company, said it is "in a preliminary discussion with a white knight to formulate a regularisation plan to be submitted before Jan 31, 2025". It did not elaborate.</p>


Scomi Energy says in talks with another potential white knight after Dhaya Maju deal falls through

<p>Berjaya Food Bhd (KL:BJFOOD) on Thursday posted its fourth consecutive quarter in the red as the anti-Israel boycott movement continued to affect the group, which operates the Starbucks coffee chain in Malaysia.</p>


Berjaya Food logs fourth quarter in the red due to anti-Israel boycott

<p>CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), the manager of CapitaLand Malaysia Trust (KL:CLMT), has appointed Yong Su-Lin as chief executive officer, designate (CEO designate) of the company effective Jan 2, 2025.</p>


CapitaLand Malaysia Trust names Yong Su-Lin as CEO-designate from Jan 2

<p>Prolintas Infra Business Trust (KL:PLINTAS), which owns highways, nearly tripled its net profit for the third quarter thanks to a jump in toll collection and tax credit.</p>


Prolintas Infra's 3Q net profit nearly triples as toll collection jumps, on track to meet distribution target

<p>ACE Market-listed Farm Price Holdings Bhd (KL:FPHB), a Johor-based wholesaler and distributor of fresh vegetables, food and beverage (F&amp;B) products, is expanding its distribution reach to Sabah.</p>


Farm Price ventures into Sabah's fruit business via stake purchase in KK firm

<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Petroliam Nasional Bhd (Petronas) has made new investments totalling RM7.5 billion at the Pengerang Integrated Complex (PIC) near Kota Tinggi.</p>


Petronas invests another RM7.5b in Pengerang Integrated Complex — Onn Hafiz

<p>The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labour market continued to chug along and that the abrupt slowdown in job growth in October was an aberration.</p>


US weekly jobless claims fall; unemployment rolls shrink

<p>Oil and gas services firm Keyfield International Bhd (KL:KEYFIELD) on Thursday reported record quarterly earnings and revenue, driven by higher vessels utilisation rates and increased vessel numbers.</p>


Keyfield books record earnings for 3Q, pays four sen dividend

<p>Hume Cement Industries Bhd (KL:HUMEIND) posted a net profit of RM47.42 million for its first quarter ended Sept 30, 2024 (1QFY2025), down slightly from RM48.33 million a year ago, as lower market demand weighed on cement sales.</p>


Hume Cement sees slight fall in 1Q profit, declares higher dividend

<p>Engineering outfit Pestech International Bhd (KL:PESTECH) said Shandong Power Equipment Co Ltd (Speco) has initiated arbitration proceedings against its wholly owned PESTECH Sdn Bhd (PSB) over what Speco claimed were unpaid dues related to the supply of transformers.</p>


Pestech hit by arbitration claim over RM7.7m worth of alleged unpaid dues

<p>Property developer Seal Incorporated Bhd (KL:SEAL) is seeking its shareholders' approval at an extraordinary general meeting to be convened to provide corporate guarantee to a RM293 million banking facility that its 20%-owned associate MSR Green Energy Sdn Bhd (MSRGE) is obtaining from a licensed financial institution based in Malaysia.</p>


Seal Inc seeks shareholder nod to guarantee associate's RM293m loan facility

<p>Bina Puri Holdings Bhd (KL:BPURI) said on Thursday that its associate company KL-Kuala Selangor Expressway Bhd (Latar) has won an arbitration case against Prolintas Expressway Sdn Bhd and was awarded RM46.13 million.</p>


Bina Puri's associate wins RM46 mil in arbitration case against Prolintas 

<p>Electrical and mechanical engineering firm LFE Corp Bhd (KL:LFECORP) has secured a subcontract worth RM18.95 million to undertake electrical system installation works from GDP Architects Sdn Bhd.</p>


LFE Corp bags subcontract works worth RM19 mil

<p>US regulators led by the Federal Reserve have refused to endorse a plan that would have seen the Basel Committee on Banking Supervision push lenders to disclose their climate risk, according to people familiar with the matter.</p>


<p>JD.com Inc’s quarterly revenue rose 5.1%, a moderate expansion that suggests Chinese consumers are only cautiously spending again as Beijing tries to revitalise the economy.</p>

<p>Sales rose to 260.4 billion yuan (RM160.27 billion) for the three months ended September, barely surpassing the average estimate for 259.7 billion yuan.</p>


JD’s results fail to impress as Chinese economic fears persist

<p>Prime Minister Datuk Seri Anwar Ibrahim is scheduled to participate at the Asia Pacific Economic Cooperation (Apec) CEO’s Summit here on Thursday as part of his engagement at the APEC Economic Leaders Week (AELW).</p>

<p>He will be a panellist in the session entitled 'Opportunities and Challenges in the AI Revolution', along with Microsoft vice-president of Data &amp; AI, Zia Mansoor, Vobile chief executive officer, Yangbin Wang and Google vice-president, Government Affairs &amp; Public Policy, Karan Bhatia.</p>


Anwar to participate in Apec CEO Summit, meet Google vice-president

<p>BANGI (Nov 14): Projected changes in the United States' (US) trade policy are not expected to significantly impact the country's palm oil sector following Donald Trump's victory in the recent US presidential election, the Malaysian Palm Oil Board (MPOB) said on Thursday.</p>

<p>MPOB director-g...