<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 23): AllianceDBS Research said Denko Industrial Corp Bhd (Denko) had on Nov 22 traded higher to RM1.41 before closing at RM1.39 (up 5 sen or 3.73%).</p></div>

<div class=newsTextDataWrapInner><p>In its evening edition yesterday, the research house said Denko crossed over the 20-day (blue) MA line on Nov 22 to stay above the 20-day and 50-day (red) moving average lines.</p></div>

<div class=newsTextDataWrapInner><p>“Following the up close on Nov 22, the stock is likely to move higher again with immediate hurdle at RM1.44.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“A crossover of RM1.44 should see further price rise to the next overhead resistance at RM1.57.</p></div>

<div class=newsTextDataWrapInner><p>“The support is pegged at RM1.32. A fall below RM1.32 would put pressure on the stock down to the subsequent support at RM1.25,” it said.</p></div>

<div class=newsTextDataWrapInner><p>AllianceDBS Research said stock volume traded on Nov 22 was 1.34 million shares compared to the 3-month average volume of 170,000 shares.</p></div>

<div class=newsTextDataWrapInner><p>The research house said that indicators wise, the MACD was below the 9-day moving average line with the sell signal remains intact.</p></div>

<div class=newsTextDataWrapInner><p>It said the relative strength index indicated that the stock was currently in a neutral zone.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Nov 23): AllianceDBS Research said Denko Industrial Corp Bhd (Denko) had on Nov 22 traded higher to RM1.41 before closing at RM1.39 (up 5 sen or 3.73%).

In its evening edition yesterday, the research house said Denko crossed over the 20-day (blue) MA line on Nov 22 to stay...

Immediate support for Denko at RM1.32, says AllianceDBS Research 

KUALA LUMPUR (May 10): Paramount Corp Bhd (KL:PARAMON) bought a 21.54% stake in Eco World International Bhd (EWI)(KL:EWINT) for RM170.61 million in cash.

Paramount buys 21.5% stake in Eco World International from Quek Leng Chan for RM170.61m cash

Pakatan Harapan’s Pang Sock Tau, who will be representing her party in the Kuala Kubu Baharu by-elections, has urged all eligible voters to come out and vote early.

NEWS: KKB voters urged to turn out early

Long considered a tech hinterland, Southeast Asia is fast emerging as a centre of gravity for the industry.

Tech giants starting to treat Southeast Asia like next big thing, Bloomberg reports

China’s consumer inflation quickened in April, holding above zero for a third month, while industrial prices extended a long decline that highlights weak demand in the economy.

China's consumer inflation edges up, factory prices extend slump

Once again, US economic and market forecasters are having a difficult time. Worse, while 2023 surprised on the upside, the deviation from projections in 2024 could be much less favorable.

Recall the start of 2023. Forecasters had overwhelmingly anticipated a difficult year for economic ...

The Risk Factor: Navigating Major Transitions in an Uncertain Economy

Digital business solutions provider Cuscapi Bhd (KL:CUSCAPI) said Securities Commission Malaysia has approved its associate company MX Global Sdn Bhd to facilitate the trading of the Worldcoin (WLD) token on digital asset exchanges recognised by the SC.

Cuscapi says SC has okayed trading of Worldcoin on digital asset exchanges in Malaysia

Invest Selangor Bhd is eyeing up to RM7 billion in potential transaction value from the Selangor International Business Summit (SIBS) this year.

Invest Selangor eyes RM7b transaction value from SIBS 2024

It is the polling day for the Kuala Kubu Baharu (KKB) by-election, yet voter turnout remains low, with only approximately 18.05% of eligible voters having cast their ballots as of 10am on Saturday, as reported by the Election Commission.

Kuala Kubu Baharu by-election: 18.05% voter turnout as of 10am

RHB Bank Bhd (KL:RHBBANK) had gone through a challenging year in 2023, as the banking industry was busy defending narrowing net interest margins amid high funding costs as lenders competed fiercely for deposits.

RHB pushes hard for desired growth

It will be an eventful week for economic observers both locally and globally, as Bank Negara Malaysia is set to announce growth figures in the first quarter of 2024 (1Q2024) on May 17, while the US Bureau of Labour Statistics will release the consumer price index (CPI) for April on May 15.

The Week Ahead: Malaysia’s 1Q GDP, US CPI data in focus

<p>Prime Minister Datuk Seri Anwar Ibrahim has urged Sime Darby Plantation Bhd (KL:SIMEPLT) to be a supporter and pioneer of the government's efforts to reduce dependency on foreign labour in the plantation sector.</p>


PM urges Sime Darby Plantation to pioneer less reliance on foreign labour

<p>Digital business solutions provider Cuscapi Bhd (KL:CUSCAPI) said Securities Commission Malaysia has approved its associate company MX Global Sdn Bhd to facilitate the trading of the Worldcoin (WLD) token on digital asset exchanges recognised by the SC.</p>


<p>RHB Bank Bhd (KL:RHBBANK) had gone through a challenging year in 2023, as the banking industry was busy defending narrowing net interest margins amid high funding costs as lenders competed fiercely for deposits.</p>


<p>It will be an eventful week for economic observers both locally and globally, as Bank Negara Malaysia is set to announce growth figures in the first quarter of 2024 (1Q2024) on May 17, while the US Bureau of Labour Statistics will release the consumer price index (CPI) for April on May 15.</p>


<p>A rally in&nbsp;global&nbsp;equity&nbsp;markets&nbsp;lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing US&nbsp;economic growth.</p>


Global stocks rally, Europe at record highs, dollar gains

<p>Long considered a tech hinterland, Southeast Asia is fast emerging as a centre of gravity for the industry.</p>


<p>It is the polling day for the Kuala Kubu Baharu (KKB) by-election, yet voter turnout remains low, with only approximately 18.05% of eligible voters having cast their ballots as of 10am on Saturday, as reported by the Election Commission.</p>


<p>Soybean oil futures surged by the most since July as traders bet that Chinese used cooking oil may be included on the list of&nbsp;tariffs&nbsp;expected to be announced by the US.</p>


Soyoil jumps on bets US tariffs to include Chinese cooking oil

<p>No major app developers have signed up to use outside payment options that Apple Inc&nbsp;introduced earlier this year for its App Store because the fees they pay would be at least as high as they were before, according to testimony presented to a federal judge.</p>


Apple says no major app developers accept new outside payments

<p>A total of&nbsp;18 polling centres with 74 voting streams for the Kuala Kubu Baharu&nbsp;state by-election opened simultaneously at&nbsp;8am on Saturday.</p>


Eighteen polling centres open at 8am for Kuala Kubu Baharu by-election

<p>Invest Selangor Bhd is eyeing up to RM7 billion in potential transaction value from the Selangor International Business Summit (SIBS) this year.</p>


<p>China’s consumer inflation quickened in April, holding above zero for a third month, while industrial prices extended a long decline that highlights weak demand in the economy. &nbsp;</p>


<p>Once again, US economic and market forecasters are having a difficult time. Worse, while 2023 surprised on the upside, the deviation from projections in 2024 could be much less favorable.</p>

<p>Recall the start of 2023. Forecasters had overwhelmingly anticipated a difficult year for economic ...