<div class=newsTextDataWrapInner><p>GOMBAK (Aug 24): Hua Yang Bhd is confident of achieving its property sales target of RM500 million, underpinned by two launches in the second half of this year.</p></div>

<div class=newsTextDataWrapInner><p>Hua Yang chief executive officer and executive director Ho Wen Yan said the company aimed to roll out two affordable residential projects, one each in the Klang Valley and Penang. These projects have a combined gross development value of RM692 million.</p></div>

<div class=newsTextDataWrapInner><p>Although the property market remains challenging, he said the "feedback for these two new projects is positive". Ho was speaking to reporters today after Hua Yang's annual general meeting.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>He said Hua Yang achieved property sales of RM53.2 million in the first quarter ended June 30, 2016.</p></div>

<div class=newsTextDataWrapInner><p>According to him, Hua Yang has unbilled sales at RM431 million, which will sustain the group's performance for 1½ years.</p></div>

<div class=newsTextDataWrapInner><p>At 12.30pm, the counter rose 2 sen or 1.1% to RM1.85 for a market capitalisation of RM485.75 million.</p></div>

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GOMBAK (Aug 24): Hua Yang Bhd is confident of achieving its property sales target of RM500 million, underpinned by two launches in the second half of this year.

Hua Yang chief executive officer and executive director Ho Wen Yan said the company aimed to roll out two affordable residenti...

Hua Yang on track to achieve property sales target - CEO

China is investigating a former senior executive of China National Offshore Oil Company, or CNOOC, for suspected "serious disciplinary violations", the country's anti-graft watchdog said on its website late on Monday.

China probes ex-CNOOC executive over disciplinary violations

Amazon.com Inc plans to spend US$9 billion (RM42.66 billion) expanding its cloud computing infrastructure in Singapore, the latest global tech company to boost investment in Southeast Asia.

Amazon commits US$9b to double Singapore cloud investment

ANZ Group on Tuesday unveiled a new A$2 billion (US$1.32 billion or RM6.28 billion) share buyback after the bank's first-half cash earnings largely met analyst estimates, but flagged its concerns about challenges in Australian and global economies.

Australia's ANZ unveils US$1.3b buyback after half-year earnings meet estimates

Oil and gas services firm Dayang Enterprise Holdings Bhd will post a strong rebound in its first quarter (1Q) results and earnings may pick up in the coming quarters on seasonally stronger work orders and utilisation, said Phillip Capital.

Dayang Enterprise to post strong rebound in 1Q earnings — Phillip Capital

Investors should be prepared for a recession with the potential to send the stock market plummeting this year, according to top forecaster Gary Shilling.

Market veteran says US will see a recession by year end that could spark 30% drop in stock market — report

THE prize in the Kuala Kubu Bharu (KKB) by-election is just a single Selangor state assembly seat, but the contest here has drawn much attention as the Pakatan Harapan (PH)-led unity government strives to retain its support in the state that was once known as a PH stronghold. Perikatan Nasional (...

Run-Up To KKB By-election: More than a contest for one state seat

“Black Swan” fund manager Mark Spitznagel said investors should avoid chasing the market or making decisions based on short-term US Federal Reserve (Fed) moves.

Report: 'Black Swan' fund manager Mark Spitznagel expects worst stock market crash since 1929

For homebuyers trying to crack into a tough US housing market, it would seem like relief is here: New listings are on the rise.

Cash-stretched new homebuyers are drawing a line at fixer-uppers

China's premium electric vehicle (EV) maker Nio is on track to unveil a new model under a mass-market brand by the end of this month and a second smaller EV to be sold in Europe next year for less than US$30,000 (RM142,198), a senior executive told Reuters on Monday.

Nio on track to unveil its first mass-market car in May, executive says

France would welcome China's electric vehicle (EV) giant BYD if the company should it decide wanted to open a factory in France, Finance Minister Bruno Le Maire said on Monday.

Chinese EV maker BYD welcome to open factory in France, French finance minister says

<p>KUALA LUMPUR (May 6): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:</p>

<p>The Edge Communications Sdn Bhd and its owner Tan Sri Tong Kooi Ong have ceased to be substantial shareholders in <strong>Star Media Group Bhd</strong> follow...

Star Media, Ho Hup Construction, Sin-Kung Logistics, Ireka, Niche Capital, Favelle Favco, KKB Engineering and RHB Bank

<p>A US judge on Monday formally ended the US government's criminal case against Goldman Sachs related to the Wall Street bank's work for the Malaysian fund 1Malaysia Development Bhd (1MDB) after it met its obligations and paid US$2.9 billion (RM13.75 billion) in penalties.</p>


Goldman Sachs criminal case over 1MDB formally ends

<p>Malaysia’s benchmark index FBM KLCI rose above 1,600 points for the first time in two years on Tuesday, as utilities and index-heavyweight banking stocks climbed.</p>


KLCI breaks above 1,600 points for first time in two years

<p>Initial public offerings on Bursa Malaysia have largely delivered share price gains, offering hope to other companies seeking to raise funds while providing confidence to investors to bet on new listings.</p>


Bursa Malaysia's 2023 IPOs largely deliver gains without major exits

<p>Investment analysts have valued Main Market-bound Feytech Holdings Bhd at between 95 sen and RM1.13.</p>


Analysts value Main Market-bound Feytech at between 95 sen and RM1.13

<p>Militant group Hamas on Monday agreed to a ceasefire proposal in the seven-month-old war with Israel in Gaza, hours after the Israeli military told residents to evacuate some parts of Rafah, which has been sheltering more than a million displaced people.</p>

<p>Hamas chief Ismail Haniyeh informed Qatari and Egyptian mediators that the group accepted their ceasefire proposal, according to a brief statement from Hamas, which gave no details of the accord.</p>


Hamas says it agrees to ceasefire proposal in Gaza war

<p>A supervisor died after falling from a height of more than 20 metres while inspecting maintenance work carried out on a ladle crane at a manufacturing plant here on Sunday.</p>

<p>Penang Department of Occupational Safety and Health (DOSH) director Hairozie Asri said the initial investigation found that the victim was a 51-year-old local citizen and a supervisor who was overseeing ladle crane maintenance work carried out by workers at the factory.</p>


Stop-work ordered after ladle crane supervisor falls to death

<p>“Black Swan” fund manager Mark Spitznagel said investors should avoid chasing the market or making decisions based on short-term US Federal Reserve (Fed) moves.</p>


<p>The Ministry of Housing and Local Government has identified 18 locations for the development of solid Waste-to-Energy (WTE) plants throughout the country as a new method of solid waste management to eradicate landfills.</p>

<p>Its minister Nga Kor Ming said the development of the plants, which is the country's new direction in managing solid waste disposal, will use the latest and advanced technology that has been proven successful in several European countries besides China and Japan.</p>


Housing ministry designates 18 locations for waste-to-energy plants

<p>Hong Leong Investment Bank (HLIB) Research said it anticipates Samaiden Group Bhd posting a stronger second half of 2024 (2H2024) earnings, with some projects reaching a stronger recognition cycle.</p>


HLIB anticipates Samaiden to post stronger 2H2024 earnings 

<p>US stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that there was a greater chance of the Federal Reserve (Fed) cutting interest rates this year.</p>


Wall Street closes higher for third session on rate cut optimism

<p>RHB Retail Research said S P Setia Bhd is poised to resume its uptrend after climbing above the 21-day simple moving average (SMA) line, while eyeing a spot above the RM1.50 threshold on Monday.</p>


S P Setia poised to resume its uptrend, says RHB Retail Research 

<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


SC adds one entity to Investor Alert List

<p>A gauge of global stock markets rallied on Monday on optimism that major central banks will cut interest rates this year, while the yen weakened against the dollar after a surge last week from Japan's suspected currency intervention.</p>


Global shares rally on rate cut hopes, yen weakens

<p>Bill Hwang amassed a fortune of US$36 billion (RM170.63 billion) on Wall Street through his family office, Archegos Capital Management. But over the course of one week in 2021, the firm imploded. Federal prosecutors have since charged Hwang with 11 criminal counts, including securities fraud, wire fraud and racketeering.</p>


Bill Hwang’s Archegos US$36b fraud trial

<p>JPMorgan Chase &amp; Co said it expects to book an US$8 billion (RM37.92 billion) accounting gain after completing its part of a deal with Visa Inc letting big banks restructure their stakes in the payments giant.</p>


JPMorgan sees gain of about US$8b from Visa exchange offer

<p>France would welcome China's electric vehicle (EV) giant BYD if the company should it decide wanted to open a factory in France, Finance Minister Bruno Le Maire said on Monday.</p>


<p>Oil and gas services firm Dayang Enterprise Holdings Bhd will post a strong rebound in its first quarter (1Q) results and earnings may pick up in the coming quarters on seasonally stronger work orders and utilisation, said Phillip Capital.</p>


<p>Investors should be prepared for a recession with the potential to send the stock market plummeting this year, according to top forecaster Gary Shilling.</p>


<p>International Monetary Fund IMF) Managing Director Kristalina Georgieva&nbsp;warned the US economy's&nbsp;current level of deficit spending was not sustainable and could crimp US and global growth if it's not brought under control, in remarks Monday at the Milken Institute Global Conference, <em>LA Times</em> reported.</p>
