<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily,</em> on April 1, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><strong>Scientex Bhd (-ve)</strong></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Shares of Scientex Bhd (fundamental: 1.5/3; valuation: 1.5/3) fell 6 sen or 0.46% to RM12.96 yesterday, after &nbsp;892,400 shares were exchanged. This is the fourth time this month that the counter has triggered our momentum algorithm.</p></div>

<div class=newsTextDataWrapInner><p>Scientex has seen its share price steadily appreciating since late 2015, gaining RM5.37 or 70% since its closing of RM7.59 on Oct 1.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The company recently announced a 79% leap in its net profit to RM64.6 million, from RM36 million a year ago, on higher contributions from its consumer packaging operations.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The company also proposed a one-for-one bonus issue to reward its shareholders, which will be capitalised from its retained earnings and share premium accounts, which stood at RM107.63 million and RM64.35 million respectively.</p></div>

<div class=newsTextDataWrapInner><p>Scientex is trading at 2.8 times its book value. It paid out a 22 sen per share dividend for FY15.</p></div>

<div class=newsTextDataWrapInner><p><img alt="scientex_swm_chart_fd_010416" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/scientex_swm_chart_fd_010416.png"/></p></div>

This article first appeared in The Edge Financial Daily, on April 1, 2016.

 

Scientex Bhd (-ve)

Shares of Scientex Bhd (fundamental: 1.5/3; valuation: 1.5/3) fell 6 sen or 0.46% to RM12.96 yesterday, after  892,400 shares were exch...

Stock With Momentum: Scientex

Malaysian Prime Minister Datuk Seri Anwar Ibrahim on Monday met with South Korean President Yoon Suek Yeol at the Yongsan Presidential Office here.

The two leaders, accompanied by several ministers, held a bilateral meeting starting at 11.10am (10.10am Malaysian time) for about an hour where they touched on the achievements and progress made since both countries established diplomatic ties 64 years ago, and the future direction to be taken.

Anwar, Yoon hold talks on Malaysia-South Korea ties

Recognising Malaysia’s top property players

China’s central bank kept a policy loan rate unchanged after last cutting it in September, as the authorities stay patient in ramping up monetary stimulus.

China keeps policy loan rate unchanged for second month

India's antitrust body has turned down a request from Apple to put a hold on an investigation report which found the company breached competition laws, allowing the case to continue, an internal order from the regulator seen by Reuters showed.

Indian regulator rejects Apple's request to put antitrust report on hold

The Indonesia Stock Exchange is considering requiring minimum proceeds for initial public offerings as part of efforts to revamp listing rules.

Indonesia bourse mulls higher IPO proceeds criteria for listing

Short-term rates are expected to remain stable on Monday on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

Liquidity is estimated at RM30.66 billion in the conventional system and RM18.63 billion in Islamic funds.

Short-term rates set to remain stable on BNM operations

Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and Iran, raising risks of supply disruption.

Oil holds at two-week high as Russia, Iran tensions support prices

The High Court on Monday has quashed the seizure of Swatch's rainbow-themed ‘Pride collection’ watches, holding that the May 2023 move was made before confiscation notices were issued.

High Court quashes Swatch seizure by Home Ministry

Celebrating notable milestones, from its humble beginnings as a small player in the oil and gas industry to becoming a multinational corporation, the company now looks towards the next 50 years.

PETRONAS AT 50: Powering the future with resilience and sustainability

Australia's banking regulator on Monday said it would retain a 3% serviceability buffer for home loan lending because of high household debt, persistent cost-of-living pressures, a pickup in credit growth and weakening job market.

Australia watchdog, wary of slowing job market, maintains tight home loan rule

<p>Malaysia’s third-quarter results season has been ‘disappointing’ so far, said CIMB Securities, warning of downside risks to its earnings forecasts for stocks on the benchmark index.</p>


Malaysia's 3Q earnings 'disappointing' so far as forex losses weigh, CIMB says

<p>The dollar fell and Bitcoin’s rally stalled as traders viewed Donald Trump’s pick of Scott Bessent for Treasury Secretary as a measured choice, tempering some of the more fevered bets spurred by the president-elect’s victory.</p>


US dollar falls as Treasury pick tempers Trump bets

<p>The High Court on Monday has quashed the seizure of Swatch's rainbow-themed ‘Pride collection’ watches, holding that the May 2023 move was made before confiscation notices were issued.</p>


<p>From self-proclaimed tree hugger to key driver of Malaysia’s top property development company, Datuk Seri Azmir Merican is not your typical bricks-and-mortar guy.</p>


TEPEA commentary: Malaysia’s best of the best

<p>Sarawak is set to finalise the sale and purchase agreement for MASwings, a subsidiary regional airline of Malaysia Aviation Group (MAG), by next month, said Premier Tan Sri Abang Johari Tun Openg.</p>


Sarawak set to finalise MASwings acquisition by next month, says Abang Johari

<p>Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.</p>


Sime Darby Property takes top spot at The Edge Malaysia Top Property Developers Awards 2024

<p>Economists expect Chinese exports to reach a historical high this year as customers rush to front-load orders given President-elect Donald Trump’s threat of higher tariffs when he takes office in January.</p>


Chinese exports to hit record this year before second Trump term

<p>The need for legislation on the dissemination of fake information, inefficiencies in the Radio Frequency Identification (RFID) system, and the standardisation of toll payments are among the issues set to be discussed in the Dewan Rakyat on Monday.</p>


Law on fake info, RFID inefficiencies among focus of Dewan Rakyat on Monday

<p>The US is using Taiwan to provoke a serious crisis in Asia, Russian Deputy Foreign Minister Andrei Rudenko told <em>TASS</em> news agency in remarks published on Sunday, reiterating Moscow's backing of China's stance on Taiwan.</p>


Russia says US using Taiwan to stir crisis in Asia

<p>A US agency that agreed to lend more than US$500 million (RM2.46 billion) to an Adani Group-backed port development in Sri Lanka said it’s still conducting due diligence on the project, following bribery allegations against the conglomerate’s billionaire founder and other top executives.</p>


US development agency conducting due diligence on Adani’s Sri Lanka project

<div class="ceonothumb pb-5 imgw-800 mx-auto d-block"><a class="mobx embedimg-icon" data-desc="Ho (back row,centre), The Edge Malaysia editor-in-chief Kathy Fong (front row, second from left) with the City &amp; Country team — (front row, from left)  writer Priya Devan, senior editor E Jacqui Chan, ...

Note from the publisher: Raising the bar for real estate excellence

<p>The year is looking good for Sime Darby Property Bhd (KL:SIME­PROP). After achieving record-high revenue and operating profit — since its demerger in 2017 — of RM3.4 billion and RM606.4 million respectively in FY2023, ended Dec 31, the group has chalked up its strongest nine-month performance to date for the period ended Sept 30 with a 35% increase in revenue to RM3.27 billion, while operating profit grew 51% to RM729.5 million.</p>


On a transformation trajectory

<p>Brazilian meatpackers have reportedly stopped supplying meat to the Carrefour group in Brazil after the retailer's global CEO vowed to keep South American meat off its shelves in France in solidarity with French farmers, according to local media reports that cited anonymous industry sources.</p>


Brazilian meat suppliers stop deliveries to local Carrefour retailers, media say

<p>New Zealand retail spending fell for a second straight quarter as high interest rates dented consumer sentiment, adding to signs the economy was in recession in the middle of the year.</p>


New Zealand retail spending slows again, pointing to recession

<p>China will expand its visa-free arrangements to include Japan, Bulgaria, Romania, Croatia, Montenegro and other countries, effective from Nov 30, 2024, to Dec 31, 2025, a foreign ministry spokesperson said&nbsp;last Friday.</p>


China expands visa-free access to Japan, Bulgaria and other countries

<p>LONDON (Nov 25): British workplaces rank among the worst in Europe for long hours, tight deadlines and limited autonomy, without being any more productive, according to a report prepared as the new Labour government plans tougher rules for employers.</p>

<p>Three fifths of the workforce report...

UK workers face some of Europe's greatest job stress, report says

<p>After 15 years, Sime Darby Property Bhd (SDP) has reclaimed the coveted title of Malaysia’s top property developer. The last time the company lifted the crown was in 2009.</p>


Top Property Developers Awards judges’ comments

<p>The Australian government on Monday will introduce legislation to implement production tax incentives for renewable hydrogen and critical minerals to help boost investment in the sector, which could play a major role in energy transition plans.</p>


Australia to propose tax incentives for critical minerals

<p>The Edge Malaysia-PAM Green Excellence Award debuted 14 years ago to recognise green buildings with outstanding and exemplary attributes beyond those embraced for formal green building certification.</p>


The Edge Malaysia-PAM Green Excellence Award 2024 Judges - Judges’ citation

<p>As small and medium enterprises (SMEs) grapple with the complexities of cross-border payments in an increasingly digitalised world, fintech companies are stepping in to transform the landscape. These companies offer solutions that traditional banks may lack — for instance, covering payment servic...