<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 30): RHB Retail Research said Insas Bhd may move higher after it continued holding above the 76 sen support.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said as the stock climbed above the 21-day SMA line, this indicates a positive sign.</p></div>

<div class=newsTextDataWrapInner><p>“A positive bias may emerge above the 78.5 sen level, with an exit set below the 76 sen threshold.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Towards the upside, the immediate resistance is at the 83.5 sen level. This is followed by the 87 sen level,” it said.</p></div>


KUALA LUMPUR (Aug 30): RHB Retail Research said Insas Bhd may move higher after it continued holding above the 76 sen support.

In a trading stocks note today, the research house said as the stock climbed above the 21-day SMA line, this indicates a positive sign.

“A positive bi...

Insas may move higher, says RHB Retail Research

Tin producer Malaysia Smelting Corp Bhd (MSC) on Monday declared a final dividend of seven sen per share, amounting to RM29.4 million, for the financial year ended Dec 31, 2023 (FY2023).

Malaysia Smelting Corp announces final dividend of seven sen per share

Turkish Airlines is negotiating with both Airbus and Boeing about buying 235 aircraft as part of its expansion plans, chairman Ahmet Bolat said on Monday.

Turkish Airlines in talks with Airbus, Boeing to buy 235 planes

Yahoo is letting go of its editorial and social media teams in Singapore. In total, 17 staff will leave the digital news publication after May 7, The Edge Singapore understands.

Yahoo to lay off all journalists, social media executives in Singapore — source

Capital A Bhd said on Monday the number of passengers carried rose 17% year-on-year in the first quarter of 2024 on the back of strong travel demand during school holidays and Chinese New Year.

Capital A's passenger volume rises 17% in 1Q, load factor climbs to 90%

RIYADH (April 29): Malaysia and Saudi Arabia are in the midst of discussions about new investments into the country, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar: Malaysia in talks for new investments into country by Saudi Arabia

China hinted on Monday that it could retaliate after US President Joe Biden signed into law legislation to boost Taiwan's defences and seeks to get TikTok's Chinese owner to divest from the social media platform.

China hints at retaliation after Biden signs Taiwan, TikTok legislation

PUTRAJAYA (April 29): The Malaysian Anti-Corruption Commission (MACC) has conducted an investigation into the Football Association of Malaysia (FAM) regarding the proposed National Training Centre (NTC) project in Putrajaya, estimated at RM25 million.

MACC: No elements of misappropriation by football association in training centre project

Twenty-eight National Service Training Programme operators nationwide have filed a multimillion-ringgit suit against the government for purported breach of the main contract resulting in losses of rental for 27 months and total losses of RM108.737 million to them.

Twenty-eight National Service Training Programme operators sue govt for RM108.74m in losses

Wilmar International has posted net profit of US$302.9 million (RM1.44 billion) for the first quarter ended March 31 (1QFY2024), 22.6% lower y-o-y. Core net profit fell 14.0% y-o-y to US$328.4 million during the period.

Wilmar's 1QFY2024 core net profit falls 14% y-o-y to US$328m

Spanish inflation accelerated for a second month as the government continued to remove support that had helped keep a lid on soaring energy costs.

Spanish inflation quickens as government energy aid removed

<p>QSR Brands (M) Holdings Bhd is suspending over 100 KFC outlets temporarily nationwide after about half a year of boycott movement, <em>Nanyang Siang Pau</em> reported, citing information from Google Maps.</p>


Boycott causes over 100 KFC outlets to suspend ops, report says

<p>Berjaya Corp Bhd (BCorp), which last week denied that its founder Tan Sri Vincent Tan Chee Yioun had participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently, has lodged reports for the police to commence investigation into the above matter, specifically to, amongst others, ascertain and find out the purported “unnamed source” who disseminated complete untrue and false statements.</p>


Berjaya Corp lodges police report to identify 'unnamed source' in Forest City casino resort debacle

<p>Shares of YTL Power International Bhd and YTL Corp Bhd rose to fresh highs on Monday as investors piled on stocks with exposure in artificial intelligence (AI).</p>


YTL Power, YTL Corp touch new highs

<p>Shares of YNH Property Bhd surged to their highest in three weeks after the real estate developer said it has remedied the technical default of its sukuk programme.</p>


YNH Property surges 11% to three-week high after default remedy

<p>KUALA LUMPUR (April 29): Mercury Securities Sdn Bhd has recommended investors to “subscribe” to ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value (FV) of 29 sen based on 13x FY2024F earnings per share, translating to 21% upside to IPO pr...

Mercury Securities advises investors to subscribe to ACE Market-bound Farm Price with fair value of 29 sen 

<p>Engineering solutions provider Kawan Renergy Bhd on Monday began taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM33 million.</p>


Kawan Renergy sets IPO price at 30 sen apiece in bid to raise RM33m 

<p>Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.</p>


UOA Development to launch two projects worth RM2.7b by June

<p>Shares of Capital A Bhd and AirAsia X Bhd (AAX) climbed further during Monday’s morning trading session, riding on a proposal announced last Thursday to merge the short- and long-haul airline operations of both companies.</p>


AAX, Capital A lift off on merger proposal to extend rally

<p>Top Glove Corporation Bhd bagged the Platinum Trusted Brand Award in the Hygiene/Disposable Gloves category at the Reader’s Digest Malaysian Trusted Brand 2024 awards.</p>


China crash involving Huawei-backed Aito electric vehicle kills three

<p>SUPERMAX Holdings Sdn Bhd (SHSB), which holds 40.3% in Supermax Corp Bhd, is the subject of a winding-up petition.</p>

<p>SHSB is the private company of Datuk Seri Stanley Thai and his wife, Datuk Wira Cheryl Tan Bee Geok. The couple, who have been and still are having differences in their rel...

Newsbreak: Supermax's Cheryl Tan seeks to wind up holding company

<p>TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&amp;G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


TotalEnergies has stated commitment to boost investment in Malaysia's upstream O&G sector — Anwar

<p>When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.</p>


US ramps up help as countries plan response to China’s bullying

<p>Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.</p>


Turiya rallies to over three-year high with entry of Mohan Swami, partner

<p>Shares in LPI Capital Bhd snapped a three-day losing streak on Monday, after the general insurer reported a 37% net profit surge in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.</p>


LPI Capital’s 1Q net profit surges 37%, shares snap losing streak after results

<p>An appliance maker in southern China is finding it hard to ship its products to Russia, not because of any problems with the gadgets but because China's big banks are throttling payments for such transactions out of concern over US sanctions.</p>


China firms go 'underground' on Russia payments as banks pull back

<p>After eight consecutive weeks of net selling, foreign investors shifted to become net buyers on Bursa Malaysia last week, with a total investment of RM292.2 million.</p>


MIDF: Foreign investors ended eight weeks of selling with total inflow of RM292m last week

<p>The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to try to underpin a relentless tumble in the currency to levels last seen over three decades ago.</p>


Japan's yen jumps against the dollar on suspected intervention

<p>Malakoff Corp Bhd has inked a partnership with China Northeast Electric Power Engineering &amp; Services Co Ltd (NEPCS) for technical manpower supply for the operation and maintenance (O&amp;M) of combined cycle power plant (CCPP) projects under NEPCS in Bangladesh.</p>


Malakoff inks deal to expand operation and maintenance services to Bangladesh

<p>The yen jumped sharply against its peers on Monday after it slid past 160 per dollar earlier in the session, leading to speculation that Tokyo could have intervened in the currency market while the country was out for a holiday.</p>
