<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 13): AllianceDBS Research has recommended a Hold rating on Gas Malaysia Bhd (GMB) at RM3.50 with a lower target price of RM3.75 (from RM3.95) and said GMB’s stronger 3Q14 earnings were in line, driven by volume growth and stable margins.</p></div>

<div class=newsTextDataWrapInner><p>In a note Thursday, the research house said concerns over mechanism to pass on higher gas cost in future</p></div>

<div class=newsTextDataWrapInner><p>“The key concern for Gas Malaysia is the lack of clarity on the pricing mechanism to pass on higher gas cost.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Hold for the strong balance sheet (RM291 million net cash) and 4% yield.</p></div>

<div class=newsTextDataWrapInner><p>“We cut the DCF-based target price to RM3.75 after moving the valuation base to FY15F,” it said.</p></div>


KUALA LUMPUR (Nov 13): AllianceDBS Research has recommended a Hold rating on Gas Malaysia Bhd (GMB) at RM3.50 with a lower target price of RM3.75 (from RM3.95) and said GMB’s stronger 3Q14 earnings were in line, driven by volume growth and stable margins.

In a note Thursday, the researc...

AllianceDBS rates Gas Malaysia a Hold, trims target price to RM3.75 

KUALA LUMPUR (April 16): Former prime minister Datuk Seri Najib Razak's appeal to recuse judge Datuk Collin Lawrence Sequerah in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial will be heard in August.

The appellate court has set Aug 20 to hear the matter following a case manag...

Najib's appeal to recuse judge in 1MDB-Tanore trial set for Aug hearing

KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.

KTI Landmark inks underwriting deal with M&A Securities en route to ACE Market listing

For most of Singapore’s history as an independent nation, there has been a Lee at the helm. That’s now coming to an end.

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Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.

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Australian police on Tuesday said a knife attack on an Assyrian church bishop and some followers in Sydney was a terrorist act motivated by suspected religious extremism, as the country reeled from a second stabbing incident in three days.

Australia says Assyrian church stabbing was terrorist act

The automotive industry is not exactly the place one would want to be in the next few years.

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Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.

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China's Baidu said on Tuesday its artificial intelligence (AI) chatbot “Ernie Bot” has garnered more than 200 million users as it seeks to remain China’s most popular ChatGPT-like chatbot amid increasingly fierce competition.

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Israelis awaited word on how Prime Minister Benjamin Netanyahu would respond to Iran's first-ever direct attack as international pressure for restraint grew amid fears of an escalation of the conflict in the Middle East.

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The Indonesian rupiah on Tuesday slid to its weakest in four years as the market reopened after the Eid al-Fitr holidays, prompting the central bank to intervene.

Indonesian rupiah hits four-year low, prompts cenbank intervention

<p>Prime Minister Datuk Seri Anwar Ibrahim has expressed relief that Cinta Gaza Malaysia chief executive officer (CEO) Muhammad Nadir Al-Nuri Kamaruzaman has been reunited with his family after they were brought out of Gaza.</p>


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<p>Asian stocks fell and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected US retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.</p>


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<p>The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to <i>Forbes Asia</i>.</p>


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<p>China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.</p>


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<p>Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.</p>


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<p>RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.</p>


Cosmos Technology has confirmed bullish setup, says RHB Retail Research 

<p>E-government services providers MyEG Services Bhd and Heitech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.</p>

<p>According to separate bourse filings from both companies on Tuesday, MyEG and Heitech Padu have inked a teaming agreement for the collaboration.&nbsp;</p>


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<p>RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.</p>


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<p>The recent attack by Iran on Israel represents a dangerous expansion of the Israel–Hamas war and raises the risk of a sharp escalation of the conflict, according to S&amp;P Global Ratings.</p>


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<p>There is "no urgency" to cut US interest rates, Mary Daly, the president of the San Francisco Federal Reserve Bank, said on Monday, with the economy and labour market strong, and inflation still above the Fed's target of 2%.</p>


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<p>Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.</p>


<p>US stocks closed sharply lower on Monday, as an early lift from a strong retail sales report succumbed to a jump in Treasury yields and concerns about rising geopolitical tensions between Iran and Israel.</p>


Stocks close lower as Middle East tensions, Treasury yields weigh

<p>Bursa Malaysia opened lower on Tuesday, taking a cue from the negative developments on Wall Street overnight due to escalating tensions in the Middle East, coupled with persistent inflation in the US as indicated by stronger-than-expected March retail sales.</p>


Bursa tracks weaker Wall Street showing to open lower 

<p>The automotive industry is not exactly the place one would want to be in the next few years.</p>

<p>Competition among manufacturers of internal combustion engine vehicles, battery electric vehicles (EVs) and hybrid cars has been ongoing for more than a decade now. Last year, some certainty fin...

<p>The ringgit opened lower against the US dollar for the second consecutive day on Tuesday as the greenback strengthened following robust US retail sales data for March, said an analyst.</p>


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<p>JPMorgan Chase &amp; Co chief executive officer Jamie Dimon, who announced plans last year to sell one million shares in the lender, sold almost US$33 million (RM157.8 million) of stock on Monday, bringing his total sales to that level.</p>


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<p>Mark Zuckerberg won his bid to avoid personal liability in about two dozen lawsuits accusing Meta Platforms Inc and other social media companies of addicting children to their products.</p>


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<p>Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.</p>


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<p>Just a few months ago, life as a Paramount Global bondholder was pretty good.</p>


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<p>Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand.</p>
