<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 7): CIMB IB Research has maintained its “Add” rating on Dagang NeXchange Bhd (DNeX) at 59 sen with a higher target price of 75 sen (from 72 sen) after DNeX’s subsidiary OGPC had been awarded a two-year contract to supply up to 100 units of portable container system (PCS) for mini pump stations nationwide.</p></div>

<div class=newsTextDataWrapInner><p>In a note July 6, the research house said the group expects the value of the PCS contract to range RM50 million- RM70 million.</p></div>

<div class=newsTextDataWrapInner><p>“We are positively surprised by the news as the PCS supply contract creates a new earnings driver in the downstream retail oil &amp; gas sector from OGPC.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“We raise our FY17-19F EPS by 1-7%. We expect the group to record a stronger FY16-19F net profit CAGR of 16%.</p></div>

<div class=newsTextDataWrapInner><p>“Maintain Add with a higher SOP-based 75 sen target price. New Thai VEP &amp; RC contract awards and higher crude oil prices are potential re-rating catalysts,” it said.</p></div>


KUALA LUMPUR (July 7): CIMB IB Research has maintained its “Add” rating on Dagang NeXchange Bhd (DNeX) at 59 sen with a higher target price of 75 sen (from 72 sen) after DNeX’s subsidiary OGPC had been awarded a two-year contract to supply up to 100 units of portable container system (PCS) for mi...

CIMB Research raises target price for Dagang NeXchange to 75 sen 

The Communist Party of Vietnam has nominated police minister To Lam to be state president, the government said on Saturday.

Vietnam nominates top police official To Lam as state president

Maybank and English Premier League club Manchester United have launched their latest co-branded credit card in Indonesia.

In 2023, Maybank and Manchester United announced the extension of their 13-year partnership into Indonesia — adding a fourth Asean country to their existing co-branded products available to customers in Malaysia, Singapore, and the Philippines.

Maybank, Manchester United launch new co-branded credit card in Indonesia

China's agriculture minister is being investigated for suspected violations of law and discipline, the country's anti-graft watchdog said on Saturday.

China probes agriculture minister for suspected disciplinary violations

Sarawak is optimistic that its state revenue will continue to grow over the next two to three years, driven by the state's strong economic performance this year, said Premier Tan Sri Abang Johari Tun Openg.

Abang Johari optimistic Sarawak's revenue will grow in next two to three years

A Russian court has frozen local assets of Germany’s Deutsche Bank AG and Italy’s UniCredit SpA under lawsuits totalling over €1 billion (RM5.1 billion) filed by a Gazprom PJSC venture.

Russia froze Deutsche Bank, UniCredit assets in Gazprom JV case

The Madrid Court of Appeal has upheld the contempt of court conviction and sentence of arbitrator Gonzalo Stampa in the Sulu claimants case against Malaysia.

Sulu case: Madrid Court of Appeal upholds Stampa's conviction, sentence, says Azalina

Canada is examining whether it needs to raise tariffs on Chinese-made electric vehicles (EVs) after the White House announced major new levies on them, Trade Minister Mary Ng said.

Canada is looking at EV tariff policy after Biden’s move against China

Berjaya Asset Bhd (KL:BJASSET) on Saturday officially launched Times Square 2, a luxury serviced apartment development located next to Berjaya Times Square in Jalan Imbi, Kuala Lumpur.

Berjaya Asset officially launches Times Square 2

Singapore will resume flying its F-16 fleet after suspending training when one of the jets crashed earlier this month, the defence ministry on Saturday.

Singapore to resume flying F-16 jets after crash this month

If the past three years have taught us anything, it is that low inflation cannot be taken for granted.

Trump’s Plans for the Fed Would Revive 1970s-Style Inflation The New Global Economy

<p>Genting Singapore has confirmed its interest in developing an integrated resort (IR) development in the United Arab Emirates (UAE), as per its executive chairman Tan Sri Lim Kok Thay’s comments to shareholder queries at the gaming group’s annual general meeting (AGM) last Friday.</p>


Genting Singapore keen on UAE casino resort development

<p>Berjaya Asset Bhd (KL:BJASSET) on Saturday officially launched Times Square 2, a luxury serviced apartment development located next to Berjaya Times Square in Jalan Imbi, Kuala Lumpur.</p>


<p>The slide in Kuala Lumpur International Airport (KLIA)’s position on the list of the World's Top 100 Airports over the last decade is just a symptom of bigger problems in the management and structure of the airport industry in Malaysia.</p>


A deal to bring the experts in

<p>A rebound that has taken the US stock market to record highs this week may have further to run, if history is any guide.</p>


Stock market's record-setting rebound may have further to go

<p>The seven individuals who were arrested on Friday over an attack at the Ulu Tiram police station here will be brought to the Magistrate's Court here on Saturday to obtain a remand order.</p>


Ulu Tiram police station attack: Seven individuals to be taken to court for remand

<p>The suspect killed in the attack at the Ulu Tiram police station, here on Friday, was believed to have acted alone, said Home Minister Datuk Seri Saifuddin Nasution Ismail.</p>


Suspect in Ulu Tiram police station attack acted alone, says Saifuddin Nasution

<p>Seven individuals, including a Singaporean, were remanded for seven days from Saturday until May 24, to assist in the investigation into the attack on the Ulu Tiram police station, early on Friday morning.</p>


Ulu Tiram police station attack: Singaporean among seven remanded

<p>As the local stock market edged higher, investors will be closely monitoring the financial performance of listed firms to justify the ongoing rally with the <b>FBM KLCI</b> reaching a multi-year high of 1,619.45 points last Friday in intra-day trade. The better-than-expected Malaysian economic growth of 4.2% in 1Q2024, which was released last Friday, is expected to help sustain the positive market sentiment.</p>


The Week Ahead: Corporate earnings, trade data and US Fed minutes in focus

<p>Two men were arrested on Friday for attempting to trespass into Istana Negara.</p>

<p>In a statement on Friday, Kuala Lumpur police chief Commissioner Datuk Rusdi Mohd Isa said a police officer had stopped a Perodua Kembara vehicle that had attempted to enter Gate 3 of Istana Negara with the passengers intending to meet the King.</p>


Two men arrested for attempting to trespass into Istana Negara

<p>The Madrid Court of Appeal has upheld the contempt of court conviction and sentence of arbitrator Gonzalo Stampa in the Sulu claimants case against Malaysia.</p>


<p>Home Minister Datuk Seri Saifuddin Nasution Ismail has given his assurance that the Jemaah Islamiyah (JI) movement in the country is still under control.</p>


Saifuddin Nasution: Jemaah Islamiyah movement in Malaysia still under control

<p>Crypto lender Genesis Global received court approval on Friday to return about US$3 billion (RM14.06 billion) in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery from the bankruptcy.</p>


Crypto lender Genesis to return US$3b to customers in bankruptcy wind-down

<p>Canada is examining whether it needs to raise tariffs on Chinese-made electric vehicles (EVs) after the White House announced major new levies on them, Trade Minister Mary Ng said.</p>


<p>A Russian court has frozen local assets of Germany’s Deutsche Bank AG and Italy’s UniCredit SpA under lawsuits totalling over €1 billion (RM5.1 billion) filed by a Gazprom PJSC venture.</p>


<p>Spot silver surpassed US$30 an ounce to hit the highest level in more than a decade.</p>

<p>The precious metal closed 6.5% higher at US$31.49 an ounce Friday, the highest since February 2013. It has soared 32% this year, outpacing gold and making it one of the year’s best-performing major commodities.</p>


Spot silver tops US$30 an ounce to hit highest since 2013

<p>Maybank and English Premier League club Manchester United have launched their latest co-branded credit card in Indonesia.</p>

<p>In 2023, Maybank and Manchester United announced the extension of their 13-year partnership into Indonesia — adding a fourth Asean country to their existing co-branded products available to customers in Malaysia, Singapore, and the Philippines.</p>


<p>If the past three years have taught us anything, it is that low inflation cannot be taken for granted.</p>


<p>Singapore will resume flying its F-16 fleet after suspending training when one of the jets crashed earlier this month, the defence ministry on Saturday.</p>


<p>Sarawak is optimistic that its state revenue will continue to grow over the next two to three years, driven by the state's strong economic performance this year, said Premier Tan Sri Abang Johari Tun Openg.</p>


<p>China's agriculture minister is being investigated for suspected violations of law and discipline, the country's anti-graft watchdog said on Saturday.</p>
