<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 8): Shares in DBE Gurney Resources Bhd rose as much as 14.3% in early trade today, after it proposed to diversify into property development.</p></div>

<div class=newsTextDataWrapInner><p>The counter hit an intraday high of 4 sen before paring some gains to trade at 3.5 sen at 2.43pm, unchanged from yesterday's closing, with 15.28 million shares done, making it the 10th most active counter on Bursa Malaysia so far.</p></div>

<div class=newsTextDataWrapInner><p>On Monday (Feb 5), DBE announced it was undertaking the joint development of a mixed affordable project in Bota Kanan, Seri Iskandar, Perak.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The project has an estimated gross development value of RM24.5 million and will see DBE’s wholly-owned subsidiary, DBE Development Sdn Bhd, taking a 75% cut of the development profit in its joint venture with Misi Jutari Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>DBE Gurney executive director Datuk Doh Jee Ming had also expressed the group’s interest in diversifying into construction-related business to complement its foray into property development.</p></div>

<div class=newsTextDataWrapInner><p>On top of its diversification, the group announced on Feb 5 that it has incorporated a 98.7% subsidiary in Taiwan to promote its fried chicken products, Harumi, in Taiwan, as well as China.</p></div>


KUALA LUMPUR (Feb 8): Shares in DBE Gurney Resources Bhd rose as much as 14.3% in early trade today, after it proposed to diversify into property development.

The counter hit an intraday high of 4 sen before paring some gains to trade at 3.5 sen at 2.43pm, unchanged from yesterday's clo...

DBE Gurney shares up 14.3% in active trade after proposing diversification

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<p>Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.</p>


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<p>Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.</p>

<p>The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.</p>


<p>Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.</p>


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<p>Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.</p>


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<p>Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.</p>


<p>RHB Retail Research said Censof Holdings Bhd is observing a technical breakout after climbing above the 26.5 sen immediate resistance on surging trading volume.</p>


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<p>The ringgit rebounded in early trade on Wednesday as the US dollar retreated after S&amp;P Purchasing Managers' Index (PMI) data disappoint.</p>


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<p>Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.</p>


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<p>Analysts predict a decline in earnings for Malaysian automotive companies in 2024, attributed to lower sales volumes and higher operating costs, coupled with the emergence of several Chinese original equipment manufacturers (OEMs) offering attractive pricing.</p>


<p>This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.</p>


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<p>Sunway Putra Hotel Kuala Lumpur marked the commencement of its lobby area refurbishment with a ground-breaking ceremony.</p>


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<p>Shares of construction and engineering contractor Crest Builder Holdings Bhd climbed on Wednesday after bagging a RM486 million condominium project in Mont Kiara.</p>
