<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 11): CIMB IB Research has upgraded Hovid Bhd to a “Hold” at 33 sen with an unchanged target price of 32 sen and said it thinks the worst is over for the stock, with stronger sales post the reissuance of its manufacturing licences in May 17.</div>

<div class=newsTextDataWrapInner>“Hence, we expect an earnings turnaround in FY18F,” it said.</div>
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KUALA LUMPUR (Aug 11): CIMB IB Research has upgraded Hovid Bhd to a “Hold” at 33 sen with an unchanged target price of 32 sen and said it thinks the worst is over for the stock, with stronger sales post the reissuance of its manufacturing licences in May 17.

“Hence, we expect an earning...

CIMB IB Research upgrades Hovid, target price 32 sen 

Foreign direct investment into Indonesia rose 15.5% on a yearly basis in rupiah terms to 204.4 trillion rupiah (RM60 billion) in the first quarter, investment ministry data showed on Monday, up significantly from the 5.3% growth in the previous quarter.

Indonesia's 1Q FDI up 15.5% on yearly basis

Chicago wheat futures fell on Monday but remained near four-month highs after concerns that adverse weather conditions in Russia, Europe and the US could reduce supply pushed prices up around 10% last week.

Wheat slips from four-month high as adverse weather threatens supply

QSR Brands (M) Holdings Bhd is suspending over 100 KFC outlets temporarily nationwide after about half a year of boycott movement, Nanyang Siang Pau reported, citing information from Google Maps.

Boycott causes over 100 KFC outlets to suspend ops, report says

Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.

Turiya rallies to over three-year high with entry of Mohan Swami, partner

Gadang Holdings Bhd recently announced that the Economic Planning Unit (EPU) had rejected its application to waive the 30% bumiputera equity requirement for its acquisition of 21.08 acres of land in Kwasa Damansara for RM114.78 million.

Frankly Speaking: When to set aside bumi equity rule

Engineering solutions provider Kawan Renergy Bhd on Monday began taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM33 million.

Kawan Renergy sets IPO price at 30 sen apiece in bid to raise RM33m 

Malakoff Corp Bhd has inked a partnership with China Northeast Electric Power Engineering & Services Co Ltd (NEPCS) for technical manpower supply for the operation and maintenance (O&M) of combined cycle power plant (CCPP) projects under NEPCS in Bangladesh.

Malakoff inks deal to expand operation and maintenance services to Bangladesh

TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.

TotalEnergies has stated commitment to boost investment in Malaysia's upstream O&G sector — Anwar

It is April 2024, and we are well into the second quarter of the Year of the Dragon. Let’s take stock of the year so far for Malaysian investors. Asset class returns have been respectable, with volatility of returns being the key observation.

For example, the S&P 500 index is up 9.1...

Pitfalls & Pitch Calls: So far, so good in 2024?

Rich nations’ climate hypocrisy is accelerating global heating, pushing the planet closer to irreversible catastrophe, with its worst consequences borne by the poorest, both countries and peoples.

Climate injustice

While official and other discourses acknowledge or even invo...

My Say: Rich nation hypocrisy accelerating global heating

Berjaya Corp Bhd (BCorp), which last week denied that its founder Tan Sri Vincent Tan Chee Yioun had participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently, has lodged reports for the police to commence investigation into the above matter, specifically to, amongst others, ascertain and find out the purported “unnamed source” who disseminated complete untrue and false statements.

Berjaya Corp lodges police report to identify 'unnamed source' in Forest City casino resort debacle

KUALA LUMPUR (April 29): Mercury Securities Sdn Bhd has recommended investors “subscribe” ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value (FV) of 29 sen based on 13x FY2024F earnings per share, translating to 21% upside to IPO price.</...

Mercury Securities advises investors to subscribe ACE Market-bound Farm Price with fair value of 29 sen 

KOTA BHARU (April 28): Oil and gas exploration and production outfit Hibiscus Petroleum Bhd is looking to leverage the economic boom in the Tok Bali area (in Kelantan), by using it as one of its operating hubs.&nbsp;

Hibiscus Petroleum looking to leverage the economic boom in Tok Bali

Shares of YNH Property Bhd surged to their highest in three weeks after the real estate developer said it has remedied the technical default of its sukuk programme that led to a downgrade by MARC Ratings recently.

YNH Property surges 11% to three-week high after default remedy

When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.

US ramps up help as countries plan response to China’s bullying

An appliance maker in southern China is finding it hard to ship its products to Russia, not because of any problems with the gadgets but because China's big banks are throttling payments for such transactions out of concern over US sanctions.

China firms go 'underground' on Russia payments as banks pull back

Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.

UOA Development to launch two projects worth RM2.7b by June

TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&amp;G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.

Top Glove Corporation Bhd bagged the Platinum Trusted Brand Award in the Hygiene/Disposable Gloves category at the Reader’s Digest Malaysian Trusted Brand 2024 awards.

Agrobank’s Tengku Ahmad re-elected as Türkiye-based Islamic bank association’s vice-chairman

The Japanese yen hit its weakest levels since April 1990 on Monday, in trading thinned by a holiday in Japan and attempts by traders to test key levels and stop-loss orders in a nervous, illiquid market.

Yen trips past 160-per-dollar to April 1990 lows

KUALA LUMPUR (April 28): Malaysia believes there is a need to revisit commitments to sustainable development, efficient global resources and fair and balanced trade among countries, said the Ministry of Investment, Trade and Industry (Miti).

Zafrul: Trade-related and ESG measures must be fair to developing countries

Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.

After eight consecutive weeks of net selling, foreign investors shifted to become net buyers on Bursa Malaysia last week, with a total investment of RM292.2 million.

MIDF: Foreign investors ended eight weeks of selling with total inflow of RM292m last week

RIYADH (April 28): The Asean-Gulf Cooperation Council (Asean-GCC) should find mechanisms to advance trade, investments, collaboration and research, said Malaysian Prime Minister Datuk Seri Anwar Ibrahim.

Asean-Gulf Cooperation Council should find mechanisms to advance trade, investment — Anwar

Once renowned as avid overseas tourists, the Japanese are staying closer to home these days.

Weaker yen keeps Japanese tourists at home while visitors throng

Singapore Telecommunications on Monday forecast non-cash impairment provisions of S$3.1 billion (RM10.8 billion) for second-half of 2024 which would lead to the telecom giant reporting a net loss for the period.

Singtel sees US$2.3b impairment hit, net loss in 2H2024

L’Occitane International SA’s billionaire owner Reinold Geiger is close to making an offer to take the skin-care company private, according to people familiar with the matter, in a deal that could value the firm at about US$7 billion (RM33.4 billion) including debt.

Billionaire Geiger said to near US$7b L’Occitane buyout

Asian stocks got off to a positive start on Monday ahead of the Federal Reserve's policy meeting later in the week, while the dollar broke past the psychologically key level of ¥160 for the first time in decades.

Asian shares rise as US Fed looms large; yen crumbles below key level

US export controls on sending advanced computing chips to China are not meant to hold back China’s economy or technological development, Secretary of State Antony Blinken said during an interview with National Public Radio.