<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 22): Heineken Malaysia Bhd shares rose as much as 2.19% during today's mid-morning trade, after Affin Hwang Investment Bank Research upgraded the stock to a 'Buy' with a higher target price of RM20.10 (from RM18.15).</p></div>

<div class=newsTextDataWrapInner><p>At 10.21am, Heineken's counter was up 38 sen to RM17.70, after 469,600 shares traded.</p></div>

<div class=newsTextDataWrapInner><p>Yesterday, Heineken announced its results for the third quarter ended Sept 30, 2017 (3QFY17) with a net profit of RM65.87 million, up 15.7% from RM56.92 million recorded in 3QFY16, driven by volume growth as the market last year was recovering from volume impact as a result of price increase that occurred in July 2016, and a favourable brand mix.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a research note earlier today, Affin Hwang analyst Tan Jun Zhang wrote saying Heineken's product mix continues to improve favourably, as it concentrates on growing the high-margin premium brands. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>"3QFY17 revenue was helped by the new mainstream cider brand Apple Fox launched in August 2017 and the commencement of sale of locally-brewed Strongbow Apple Ciders," he said.</p></div>

<div class=newsTextDataWrapInner><p>"We believe that 4QFY17 is likely to be stronger q-o-q, on the back of the festive seasons and continuous cost optimisation to improve bottom line," Tan added.</p></div>


KUALA LUMPUR (Nov 22): Heineken Malaysia Bhd shares rose as much as 2.19% during today's mid-morning trade, after Affin Hwang Investment Bank Research upgraded the stock to a 'Buy' with a higher target price of RM20.10 (from RM18.15).

At 10.21am, Heineken's counter was up 38 sen to RM17...

Heineken rises 2.19% on upgrade, higher 3Q earnings

Shares in low-cost aviation operators Capital A Bhd (KL:CAPITALA) and AirAsia X Bhd (KL:AAX) rose in early trade on Wednesday, tracking gains at the broader market.

Capital A and AAX active, advance in post merger trade

IJM Land Bhd (KL: IJM) has achieved 55% take-up rate for serviced apartment Daffodil Residency since its launch on March 1, according to a press statement on May 7.

IJM Land’s Daffodil Residency achieves 55% take-up rate 

Hospital operator IHH Healthcare Bhd (KL: IHH) on Wednesday said it has invested in Belun Technology Company Ltd that makes devices tackling sleep apnea and other sleep disorders.

IHH Healthcare invests in Belun Technology for devices to tackle sleep disorders

Shares of CTOS Digital Bhd (KL:CTOS) rose to their highest in nearly two months as analysts flagged a pickup in earnings ahead following the seasonally weaker first-quarter results.

CTOS rises to near two-month high; analysts see stronger quarters ahead

The FBM KLCI was little changed in early trade on Wednesday although it held firm above the 1,600-point level.

KLCI little changed in early trade, hovers above 1,600 resistance level

United Overseas Bank (M) Bhd (UOB Malaysia) has launched a programme to assist businesses in understanding and preparing for the European Union's (EU) carbon border adjustment mechanism (CBAM), a carbon border tax that is set to take effect in 2026 and affect some 75% of Malaysian exports to the region.

UOB Malaysia introduces masterclass to prepare businesses for EU’s carbon border tax

The Department of Homeland Security (DHS) is piloting artificial intelligence (AI) to train officers who review applicants for refugee status in the US, Secretary Alejandro Mayorkas told reporters on Tuesday.

US explores AI to train immigration officers on talking to refugees

The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence (AI) technology said the country would divest from China if it were asked to do so by the US.

Saudi Arabia AI fund would divest from China if US asked, CEO says

Kim Ki Nam, one of the longest-serving North Korean officials who served all three generations of its leaders cementing their political legitimacy and heading the propaganda apparatus for the dynastic state, has died, official media said on Wednesday.

North Korean propaganda chief who served all three leaders dies

Brazil's bid to host the 2027 Women's World Cup scored higher than its rival, a joint bid from Belgium, Netherlands and Germany (BNG), in a Fifa's evaluation report released on Tuesday.

Brazil's bid to host the Women's World Cup tops European rival

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


Sime Darby Plantation, Pekat, Siab, OCK, Sapura Energy, CTOS, Awantec, Mobilia, Prolintas, Power Root

<p>The takeover bid by Yinson Holdings Bhd’s major shareholder for Icon Offshore Bhd was made at 63.5 sen per share, as wellas 0.1 sen per warrant.</p>


Yinson's major shareholder raises Icon stake to 56.67% as MGO closes

<p>Power Root Bhd's subsidiaries have successfully recovered trademark of its own “Ah Huat” brand for coffee and tea beverages, after reaching an amicable out-of-court settlement with its Indonesian distributor CV Ego Sun Star Sukses Mandiri (CV Ego) following an infringement wrangle that started in 2013.</p>


Power Root reclaims ‘Ah Huat’ brand in Indonesia after decade-long trademark tussle 

<p>Urusharta Jamaah Sdn Bhd (UJSB) — a special purpose vehicle established under the Ministry of Finance to rehabilitate, restructure and monetise underperforming assets transferred to it from Lembaga Tabung Haji — has emerged as a substantial shareholder in Prolintas Infra Business Trust.</p>


Urusharta Jamaah emerges as third largest shareholder in Prolintas Infra

<p>GCH Retail (M) Sdn Bhd, the operator of Giant hypermarkets, said the courts are still deciding on the company’s tenancy dispute with its landlord over premises it is currently occupying in Batu Caves.</p>


GCH Retail says Giant Batu Caves tenancy dispute with landlord still being decided by courts

<p>Global sales of semiconductors jumped 15.2% year-on-year (y-o-y) to US$137.7 billion (RM653.24 billion) during the first quarter of 2024, according to the US-based Semiconductor Industry Association (SIA).</p>


First-quarter global semicon sales jump 15.2% y-o-y to US$137.7b, says SIA 

<p>Former National and Johor Darul Ta’zim (JDT) skipper Safiq Rahim became the third National footballer to be attacked within a week, although the JDT player’s attack seemed more of a warning than personal harm.</p>


Two suspects on motorcycles break Safiq Rahim's car windscreen in third attack on footballers 

<p>United Overseas Bank (M) Bhd (UOB Malaysia) has launched a programme to assist businesses in understanding and preparing for the European Union's (EU) carbon border adjustment mechanism (CBAM), a carbon border tax that is set to take effect in 2026 and affect some 75% of Malaysian exports to the region.</p>


<p>A key measure of world indebtedness has resumed its climb as global debt hit a record high of US$315 trillion (RM1.5 quadrillion) in the first quarter of the year, fuelled by borrowing in emerging markets, the US and Japan, a study showed.</p>


Key debt ratio resumes rise as global debt burden hits record US$315 tril, IIF says

<p>TikTok and its Chinese parent company ByteDance said on Tuesday they filed suit in US federal court seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or ban its use.</p>


TikTok, ByteDance sue to block US law seeking sale or ban of app

<p>The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence (AI) technology said the country would divest from China if it were asked to do so by the US.</p>


<p>The S&amp;P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve (Fed) will cut interest rates this year.</p>


S&P, Dow end slightly up, extend closing streaks despite Disney drag

<p>As Malaysia aims to achieve high-income status, it needs to improve its human capital outcomes to match those of high-income countries.</p>


Aspiring to high-income status: Education matters

<p>The Malaysian Anti-Corruption Commission (MACC) is studying allegations against Housing and Local Government Minister Nga Kor Ming with regards to his announcement of an allocation for infrastructure in Kuala Kubu Bharu (KKB) recently.</p>


MACC looking into minister’s KKB allocation announcement ahead of poll

<p>Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve (Fed) cuts interest rates this year, while a resurgent dollar helped weaken the yen further.</p>


Wall Street loses steam, dollar gains as investors mull rate cut timing

<p>The FBM KLCI was little changed in early trade on Wednesday although it held firm above the 1,600-point level.</p>


<p>Australia said on Wednesday it would raise the amount of savings international students will need to get a visa and warned several colleges of fraudulent student recruitment practices, as part of efforts to rein in record migration.</p>


Australia raises minimum savings for student visa, warns on fake recruitment

<p>Shares in low-cost aviation operators Capital A Bhd (KL:CAPITALA) and AirAsia X Bhd (KL:AAX) rose in early trade on Wednesday, tracking gains at the broader market.</p>


<p>Shares of CTOS Digital Bhd (KL:CTOS) rose to their highest in nearly two months as analysts flagged a pickup in earnings ahead following the seasonally weaker first-quarter results.</p>


<p>Reddit Inc jumped more than 10% in extended trading after reporting quarterly sales that topped analysts’ estimates, impressing investors in its first results as a public company.</p>
