<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 26): CIMB IB Research has downgraded Tomypak Holdings Bhd to “Reduce” (from Add) at RM2.70 with a lower target price of RM1.84 (from RM1.96) and said Tomypak’s 9MFY15 net profit was above house expectations as profit margin recovery continues.</p></div>

<div class=newsTextDataWrapInner><p>In a note today, the research house said Tomypak’s 9MFY15 net profit was 80% of house full-year forecast.</p></div>

<div class=newsTextDataWrapInner><p>It said the company geared up to finance the set-up of a new factory, which would double existing plant capacity.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“We are still unsure how the company managed to turn around so fast since 4Q14.</p></div>

<div class=newsTextDataWrapInner><p>“Improvements in this sector are usually in “baby steps”.</p></div>

<div class=newsTextDataWrapInner><p>“Downgrade from Add to Reduce, share price has run ahead of its fundamentals. Switch to Thong Guan Industries Bhd,” it said.</p></div>


KUALA LUMPUR (Nov 26): CIMB IB Research has downgraded Tomypak Holdings Bhd to “Reduce” (from Add) at RM2.70 with a lower target price of RM1.84 (from RM1.96) and said Tomypak’s 9MFY15 net profit was above house expectations as profit margin recovery continues.

In a note today, the rese...

CIMB Research downgrades Tomypak to Reduce, trims target to RM1.84

Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest banking group by assets, said on Monday its net profit slipped 3.5% for the first quarter ended March 31, 2024 (1QFY2024) from a year earlier, mainly due to higher personnel costs and higher provisions.

Public Bank's 1Q net profit slips 3.5% on higher costs, provisions

Sunview Group Bhd announced a partnership with Uzbekistan-based Yashil Energiya on Monday to explore renewable and green energy opportunities in Uzbekistan.

The company, via its wholly-owned unit Fabulous Sunview Sdn Bhd signed the business alliance strategic agreement with Yashil Energiya, a company which specialised in the installation of renewable energy (RE) source devices, delivery of electricity produced by RE sources to consumers and service and maintenance of RE sources installed in Uzbekistan.

Sunview partners with Yashil Energiya to explore RE business in Uzbekistan

AS more investments continue to pour into the data centre (DC) industry, companies are looking to tap opportunities in either the DC construction, fit-out or testing and commissioning segments.

Notably, the artificial intelligence (AI) boom has spurred demand for digital infrastructure,...

Data centre-linked stocks gain traction on news flow

Shareholders of Ageson Bhd (KL:AGES) must have been confounded by the company’s announcement on May 14 that seemed to indicate that issues raised by its external auditors in October 2023 had been cleared.

Frankly Speaking: Confounding moves at Ageson

theedgemalaysia.com highlighted one stock with positive momentum and 16 stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

Cahya Mata Sarawak, Willowglen, Oceancash, Excel Force, Manulife, MBSB, MFM, Panasonic, ELK-Desa, Puncak Niaga, BIG Industries, Astral Asia, Niche Capital Emas, Hextar Retail, Arka, AHB, Dataprep

The Public Works Department (JKR) started receiving instructions from the Ministry of Finance (MOF) on the selection of proposed contractors for construction projects under the Jana Wibawa programme from December 2020, the court heard on Monday.

Public Works Dept received instructions from MOF on selection of proposed contractors for Jana Wibawa projects, court told

Bursa Malaysia said on Monday it is introducing Trading Reminders, a new tool that highlights unusual trading activity in addition to queries issued over spikes in prices and volumes.

Bursa introduces Trading Reminder flag on top of unusual market activity queries

Maxis Bhd’s (KL:MAXIS) intention to build a second fifth-generation (5G) network could potentially put the group’s financial position and future earnings under pressure, according to analysts.

Maxis' financial position could face pressure from proposed second 5G network, say analysts

Taiwan President Lai Ching-te asked China on Monday to stop its military and political threats, saying in his inauguration speech that peace is the only choice and that Beijing had to respect the choice of the Taiwanese people.

Lai, addressing the crowd outside the Japanese-colonial-era presidential office in central Taipei, repeated a call for talks with China, which views the proudly democratic island as its own territory and has never renounced the use of force to bring it under Beijing's control.

New Taiwanese president calls on China to stop its threats

Malaysia Airports Holdings Bhd’s (KL:AIRPORT) traffic expanded by 7.6% to 11 million passengers in April 2024, compared with the preceding month's 10.2 million passengers.

MAHB's passenger traffic hit 11 million in April, 7.6% higher month-on-month

<p>Iranian President Ebrahim Raisi and his foreign minister were killed in a helicopter crash in mountainous terrain and icy weather, an Iranian official said on Monday, after search teams located the wreckage in East Azerbaijan province.</p>


Iranian President Ebrahim Raisi killed in helicopter crash, official says

<p>The time it’s taking for some of China’s electric-car makers to pay suppliers is ballooning — a further sign of stress in the nation’s increasingly cutthroat auto market.</p>


China’s EV makers taking longer to pay bills amid rising stress

<p>Iran's President Ebrahim Raisi was killed in a helicopter crash, an Iranian official and <i>Mehr</i> news agency reported on Monday. Below is a brief outline of what Iran's constitution says happens when a president is incapacitated or dies in office:</p>


What happens in Iran when a president dies in office?

<p>Electronics manufacturing services firm Notion VTec Bhd (KL:NOTION) charted a new three-year high on Monday, as Bursa Malaysia’s Technology Index touched a new one-year high following the US’ plan to hike tariffs on semiconductors from China.</p>


Notion VTec charts new three-year high amid rally in tech stocks

<p>Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest banking group by assets, said on Monday its net profit slipped 3.5% for the first quarter ended March 31, 2024 (1QFY2024) from a year earlier, mainly due to higher personnel costs and higher provisions.</p>


<p>RHB Investment Bank Research has maintained its 'buy'&nbsp;rating for&nbsp;Gamuda Bhd (KL:GAMUDA) at RM5.58, with a higher target price of RM6.55 (from RM6.30), and said it is upbeat on the prospects Ho Chi Minh City (HCMC) has for Gamuda’s property arm.</p>


RHB IB upbeat on Gamuda’s prospects in Ho Chi Minh City, raises target price to RM6.55

<p>Bursa Malaysia said on Monday it is introducing Trading Reminders, a new tool that highlights unusual trading activity in addition to queries issued over spikes in prices and volumes.</p>


<p>Gold notched a fresh all-time high, as investor demand soared across the broader metals complex amid increasing optimism the US will cut rates this year.</p>


Gold hits fresh record as Fed rate-cut optimism fuels demand 

<p>KUALA LUMPUR (May 20): Phillip Capital has maintained its “buy” rating on Kerjaya Prospek Group Bhd at RM1.80 with a higher target price (TP) of RM2 (from RM1.93) and said it expects Kerjaya’s 1Q2024 net profit to come in stronger year-on-year, but flat quarter-on-quarter.</p>

<p>In a note on ...

Phillip Capital raises target price for Kerjaya Prospek to RM2, sees stronger y-o-y net profit growth in 1Q2024

<p>Shares in gold-related counters surged on Monday, following the precious metal notching a fresh all-time high, as investor demand soared across the broader metals complex, amid increasing optimism the US will cut interest rates this year.</p>


Poh Kong leads rally in gold-linked stocks as metal hits fresh record

<p>Foreign buying of Malaysian equities was sustained for the fourth consecutive week with a total of RM873.9 million last week, leading to a year-to-date net inflow of RM4.9 million.</p>

<p>In its fund flow report on Monday, the MIDF Research team said the sustained interest in the domestic market may have stemmed from economic optimism, as recent data revealed a 4.2% year-on-year rise in gross domestic product in the first quarter of 2024.</p>


Foreign buying of M'sian equities sustained for fourth week with RM874m inflow, says MIDF

<p>Malaysia is expected to see a "potential upswing" in external demand, particularly from China, while also benefitting from the imposition of US tariffs on Chinese goods, including electric vehicles (EVs) and their components, said TA Securities.</p>


Malaysia to benefit from China demand, US tariffs on Chinese EVs — TA Securities

<p>Taiwan President Lai Ching-te asked China on Monday to stop its military and political threats, saying in his inauguration speech that peace is the only choice and that Beijing had to respect the choice of the Taiwanese people.</p>

<p>Lai, addressing the crowd outside the Japanese-colonial-era presidential office in central Taipei, repeated a call for talks with China, which views the proudly democratic island as its own territory and has never renounced the use of force to bring it under Beijing's control.</p>


<p>Troubled Australian casino operator Star Entertainment Group said several suitors have approached the company about possible deals, after a newspaper reported that a consortium led by Hard Rock Hotel &amp; Casino made a takeover proposal.</p>


Star says suitors circling as Hard Rock reportedly makes offer 

<p>Prime Minister Anwar Ibrahim’s visit to the Kyrgyz Republic, Kazakhstan and Uzbekistan has successfully generated investments and trade potential of at least RM2.1 billion, which will benefit Malaysia's economic growth.</p>


Anwar: Visit to Central Asia to generate potential trade, investment exceeding RM2.1b

<p>Malaysia’s exports rebounded at a slower-than-expected 9.1% in April from a year earlier, as a surge in shipments of machineries, chemicals and palm oil offset a decline in deliveries of petroleum products and subdued electronics demand, official data Monday showed.</p>


Malaysia's exports rebound slower than expected in April, official data shows

<p>PAS on Sunday expressed solidarity with Seputeh Member of Parliament Teresa Kok, and strongly condemned the death threat&nbsp;against the DAP leader.</p>

<p>PAS secretary general Datuk Seri Takiyuddin Hassan said that Teresa deserves all legal protections against any criminal and unlawful acts.</p>


PAS stands in solidarity with DAP's Teresa Kok, condemns death threat

<p>Copper surged to a fresh record, extending a months-long rally that’s been driven by financial investors who have piled into the market in anticipation of supply shortages.</p>


Copper hits record above US$11,000 on bets that shortage looms

<p>Liverpool delivered much-loved manager Juergen Klopp a victory in his final game with the team on Sunday, a 2-0 win over 10-man Wolverhampton Wanderers at Anfield in an emotional Premier League season finale.</p>


Liverpool deliver victory in an emotional farewell for Klopp

<p>When US markets reopen next Tuesday after the long weekend, everything will likely seem normal. It’s only after the close and in the following days that any cracks are expected to appear.</p>
