Stock With Momentum: SHL Consolidated

SHL Consolidated Bhd (-ve) SHARES in SHL Consolidated Bhd (fundamental: 1.65/3, valuation: 2.4/3) triggered our momentum algorithm yesterday for the first time this year. The counter closed down two sen or 0.7% at RM2.82 yesterday, after 53,100 shares were traded, compared with its 200-day average volume of 12,602 shares. SHL’s joint-venture company (JVco) with Japan-based […]

Daibochi to Invest RM29m for 60% Stake in Myanmar JV

KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd (Daibochi) yesterday signed a memorandum of agreement (MoA) with Myanmar Smart Pack Industrial Company Ltd (MSP) to invest US$6.8 million (RM29.4 million) in its first joint venture (JV) to manufacture flexible consumer packaging outside of Malaysia. Daibochi, through its wholly-owned subsidiary Daibochi Flexibles Sdn Bhd and MSP, […]