<div class=newsTextDataWrapInner>KUALA LUMPUR (Jan 25): RHB Retail Research said GFM Services Bhd may rise higher after it breached above the 66 sen threshold.</div>

<div class=newsTextDataWrapInner>In a trading stocks note today, the research house said yesterday’s white candle can be viewed as a continuation of the bulls extending the upward momentum from Jan 22’s upside gap.</div>

<div class=newsTextDataWrapInner>“A bullish bias may emerge above the 66 sen level, with an exit set below the 58 sen threshold.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“Towards the upside, the immediate resistance level is at 73 sen. This is followed by the 77.5 sen level,” it said.</div>

KUALA LUMPUR (Jan 25): RHB Retail Research said GFM Services Bhd may rise higher after it breached above the 66 sen threshold.

In a trading stocks note today, the research house said yesterday’s white candle can be viewed as a continuation of the bulls extending the upward momentum from...

GFM Services may rise higher, says RHB Retail Research 

Loss-making Niche Capital Emas Holdings Bhd has proposed to undertake a private placement of up to 135.74 million shares, or 10% of its issued share capital, to fund its mining business as well as working capital.

Niche Capital aims to raise RM18.7m via private placement to fund mining business

STOCKHOLM (May 6): Sweden's indebted SBB reported a first-quarter loss of 1.3 billion Swedish crowns (US$120 million) on Monday, but predicted that financing conditions would improve, as it made further write downs on the value of its properties.

Sweden's SBB cuts property value further as loss narrows

A man has been sentenced to jail for a month and fined RM3,000 by the Kuala Kubu Baharu magistrate’s court for displaying the King of Malaysia’s photo during the Kuala Kubu Bharu (KKB) by-election campaign.  

Judge Siti Fatimah Talib handed down the sentence on P Ramasamy, 66, after he pleaded guilty.

Man jailed one month, fined RM3,000 for displaying King's photo at by-election campaign

Citi has appointed Damien Tan as head of corporate bank for Singapore. Tan was appointed to the role on May 1.

Citi appoints Damien Tan as head of corporate bank for Singapore

Republican presidential candidate Donald Trump accused Democratic rival President Joe Biden of running a "Gestapo administration" in a private address to donors in which he also attacked prosecutors involved in his criminal indictments, according to a recording heard by US media outlets.

Trump accuses Biden of running 'Gestapo administration'

Prime Minister Datuk Seri Anwar Ibrahim wants the members of the Cabinet and heads of departments (HODs) to immediately submit the names of the villages they will represent, preferably their own, in order to help uplift the lives of the residents, especially the poor.

Cabinet ministers, govt HODs told to submit names of villages to be represented — Anwar

KUALA LUMPUR (May 6): The Defence Services Asia (DSA) 2024 and National Security (Natsec) Asia 2024 exhibitions are expected to generate an immediate overall economic impact of around RM700 million.

DSA & Natsec Asia 2024’s economic impact estimated at RM700 mil, says exhibitions chairman

In today’s edition of Evening 5: 0:06 Shell in talks to sell Malaysian fuel stations to Saudi Aramco — Reuters1:27 Malaysia unlikely to follow in Indonesia's, Philippines' rate hike footsteps — HSBC2:50 TF Value-Mart takes legal action against GCH Retail, citing loss of business4:05 Proton Holdings records sales of 11,025 units in April, higher by 17.1% y-o-y5:30 Sin-Kung IPO shares oversubscribed by 26.5 times ahead of ACE Market listing

EVENING 5: Shell to sell M’sian stations to Saudi Aramco?

Pahang-based hypermarket operator TF Value-Mart Sdn Bhd has initiated legal action against GCH Retail (Malaysia) Sdn Bhd, operator of the Giant Hypermarket brand, citing loss of business and non-compliance with a court order to surrender a 180,000 sq ft premises located in Batu Caves.

TF Value-Mart sues GCH Retail to get it to vacate Giant Batu Caves premises

Ho Hup Construction Co Bhd’s RM1 billion mixed development project in Bukit Jalil will be suspended as it plans to sell the project's 3.09-acre land for RM110 million cash.

The disposal deal, inked between Ho Hup’s wholly-owned unit Bukit Jalil Development Sdn Bhd (BJD) and Exsim Development Sdn Bhd’s wholly-owned subsidiary Exsim Persiaran Jalil Sdn Bhd, is aimed to improve the group’s financial position, it said in a bourse filing on Monday.

Ho Hup's Flex project to be suspended, buyers refunded as Exsim buys land for RM110m

Energy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the country, four industry sources aware of the discussions said, and a deal could be worth up to US$1 billion (RM4.74 billion).

Shell in talks to sell Malaysian fuel stations to Saudi Aramco — Reuters

BMI, a Fitch Solutions company, said Malaysia's deepwater explorations are expected to accelerate as more investments are directed towards under-explored areas.

BMI: Deepwater exploration in Malaysia gathers momentum

Maybank Investment Bank (Maybank IB) on Monday began coverage of SAM Engineering &amp; Equipment (M) Bhd with a counter-consensus ‘buy’ call, betting on the cyclical recovery of aerospace and semiconductor sectors.

Maybank IB joins coverage of SAM Engineering with counter-consensus ‘buy’ call

Fraser &amp; Neave Holdings Bhd (F&amp;N) shares surged to their highest in five years on Monday, as better-than-expected results buoyed investors' optimism, while analysts maintained their calls following a briefing.

F&N surges to five-year high on better earnings, outlook

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

In an alert last Thursday, the commission said the following persons/entities were added to the list:

SC adds six entities to Investor Alert List, four being potential clones

Foreign buying of Malaysian equities surged 3.6 times to RM1.06 billion last week from RM292.2 million the prior week, as they net bought every day of the week.

Foreign buying of local equities surged to RM1.06b last week, says MIDF

For the first time in nearly a generation, fixed income is living up to its name.

At US$2m per minute, US treasuries mint cash like never before

Prime Minister Datuk Seri Anwar Ibrahim will be having an online meeting with tech giant Google on Monday.

Without disclosing more details on the issues to be discussed, he said Malaysia has continued to receive interests from foreign investors.

Anwar scheduled to have online meeting with Google on Monday

The Road Transport Department (JPJ) said that the insurance comparison platform BJAK has not received approval to offer road tax renewal services.

BJAK not authorised for road tax renewal services, says JPJ

Gamuda Land, the property arm of Gamuda Bhd, welcomed new tenants to its Quayside Mall and an international school to its Quayside Tower, through a memorandum of understanding (MOU) signing ceremony on April 25, according to a press statement on Monday.&nbsp;

Gamuda Land’s Quayside Mall in Kota Kemuning welcomes new tenants; Quayside Tower gets an international school 

KUALA LUMPUR (May 6): The Defence Services Asia (DSA) 2024 and National Security (Natsec) Asia 2024 exhibitions are able help the country gauge whether its&nbsp;defence assets are in line with the latest technological advances.

Asia defence services and security exhibition a medium to evaluate national assets in line with current tech — minister

Proton Holdings Bhd reported on Monday its car sales rose by 17.1% to 11,025 vehicles in April (including domestic and exports) compared to the 9,415 units sold last year.&nbsp;

Proton records sales of 11,025 units in April, higher by 17.1% y-o-y

Malaysia’s central bank is unlikely to follow its counterparts in Indonesia and Philippines in raising interest rates when its monetary policy committee meets this week, HSBC said.

Malaysia unlikely to follow in Indonesia's, Philippines' rate hike footsteps — HSBC

LONDON (May 6): High Chinese tariffs on EU brandy would leave French companies with vast amounts of cognac that could be hard to sell elsewhere, according to Reuters' calculations, analysts, and investors who fear firms could be forced to discount.

China opened an anti-dumping investiga...

Chinese tariffs could leave cognac makers with too much brandy

French President Emmanuel Macron and EU Commission chief Ursula von der Leyen urged China's President Xi Jinping to ensure more balanced trade at the start of a visit to Paris by the Chinese leader, during which Macron will also press him on Ukraine.

Macron, Von der Leyen press China's Xi on trade in Paris talks

Robusta coffee prices have climbed to the highest in 45 years, according to the International Coffee Organisation (ICO), as a supply crunch intensifies for the variety used in espresso blends and instant drinks.

Coffee variety priciest in 45 years in blow to instant brews

Global stocks ticked higher on renewed bets that the Federal Reserve would likely ease interest rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.

World shares climb on Fed cut bets, China gains; yen weakens

Former prime minister Tan Sri Muhyiddin&nbsp;Yassin's four graft charges, which were&nbsp;reinstated by the Court of Appeal in February, had met all&nbsp;the ingredients of an offence under stipulated laws,&nbsp;and were not ambiguous.

COA written grounds — Muhyiddin’s four charges clear enough, unambiguous 

The Attorney General's Chambers (AGC) will be objecting to Muar Member of Parliament Syed Saddiq's leave application to take legal action against Prime Minister Datuk Seri Anwar Ibrahim and the government over RM730,300 in allocations meant for his constituency.

AGC to object to Syed Saddiq's leave application over unpaid allocations

Billionaire investor Warren Buffett said there are “load of opportunities” in India, but he’s leaving them to future management.