<div class=newsTextDataWrapInner>KUALA LUMPUR (July 24): RHB Retail Research said JHM Consolidation Bhd may rebound higher after it continued holding above the RM1.21 support.</div>

<div class=newsTextDataWrapInner>In a trading stocks note today, the research house said the stock recently rose above the 21-day SMA line, which points to a positive sign.</div>

<div class=newsTextDataWrapInner>“A bullish bias may appear above the RM1.25 level, with an exit set below the RM1.21 threshold.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“Towards the upside, the near-term resistance is at RM1.37. This is followed by the RM1.45 level,” it said.</div>

KUALA LUMPUR (July 24): RHB Retail Research said JHM Consolidation Bhd may rebound higher after it continued holding above the RM1.21 support.

In a trading stocks note today, the research house said the stock recently rose above the 21-day SMA line, which points to a positive sign.
...

JHM Consolidation may rebound higher, says RHB Retail Research

Indonesia’s economy expanded faster than expected in the last quarter, as stronger domestic consumption likely helped offset a decline in exports.

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HONG KONG (May 6): Hong Kong's Exchange Fund, used to back the Hong Kong dollar, posted an investment income of HK$54.3 billion (US$6.95 billion) in the first quarter of 2024 for a second consecutive quarter of gains, the Hong Kong Monetary Authority (HKMA) said on Monday.

Hong Kong Exchange Fund posts 2nd quarter of investment income gains in 1Q

HANOI (May 6): Shanghai copper prices fell on Monday, tracking losses in London amid a firmer dollar and a lack of clear demand improvement from the troubled Chinese property market.

Shanghai copper falls on first trading session after holiday

Analysts have raised their earnings forecasts and target prices (TPs) for plastic packaging maker SLP Resources Bhd, after the group's latest financial results beat their expectations due to improved product mix and higher output.

Analysts raise SLP Resources earnings forecasts, TPs after strong 1Q performance

Philippines President Ferdinand Marcos Jr said on Monday the country will not use water cannons or any offensive weapons in the South China Sea.

The last thing the Philippines wants to do is to raise tensions in the strategic waterway, Marcos told reporters.

Philippines says won't raise South China Sea tensions, won't use water cannons

Fraser & Neave Holdings Bhd (F&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.

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The Ministry of Investment, Trade and Industry (Miti) must be congratulated for bringing in US$2.2 billion (RM10.4 billion) in investments from Microsoft Corp, the tech giant’s largest outlay ever in its 32-year history in Malaysia.

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The Attorney General's Chambers (AGC) will be objecting to Muar Member of Parliament (MP) 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.

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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.

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KUALA LUMPUR (May 6): The government is finalising the regulatory framework for online services platforms which aims to, among others, protect children from potential harms associated with early media exposure, according to Communications Minister Fahmi Fadzil.

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

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The FBM KLCI’s uptrend has been relentless since mid-April as accumulation on blue chips&nbsp;by both local institutions and foreign funds continues, according to Rakuten Trade.

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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.

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In an alert last Thursday, the commission said the following persons/entities were added to the list:

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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.

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Phillip Capital has initiated coverage on T7 Global Bhd with a “buy” rating at 53 sen and a target price of 68 sen.

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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

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Global housing shortages are crushing immigration-fuelled growth

President Xi Jinping has arrived in France to begin talks aimed at stabilising China’s relationship with Europe, as he tries to perform damage limitation on trade ties with the key bloc.

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EQT AB agreed to buy technology consultant Perficient Inc in a deal valued at about US$3 billion (RM14.22 billion) including debt.

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Analysts have raised their earnings forecasts and target prices (TPs) for plastic packaging maker SLP Resources Bhd, after the group's latest financial results beat their expectations due to improved product mix and higher output.

Asian stocks rose on Monday on renewed bets that the Federal Reserve (Fed) would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.

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Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar and Raja Permaisuri Agong Raja Zarith Sofiah arrived in Singapore on Monday for a two-day state visit to the republic.

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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.

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NCT Group of Companies has signed memorandums of understanding (MOUs) with SMARTSEL Sdn Bhd and Mikro Sdn Bhd to scale up the capabilities of the NCT Smart Industrial Park (NSIP), while introducing advanced sustainability practices geared to positively impact its carbon footprint.

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Australia’s housing rental value hit a fresh record in April with some cities seeing renewed growth momentum, a troubling sign for the Reserve Bank that’s likely to leave borrowing costs at a 12-year high this week to stave off price pressures.

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The new chief executive of Brooks Running said the running shoe maker owned by Warren Buffett's Berkshire Hathaway&nbsp;views China and Europe as growth areas for a business that generates most revenue in the US.

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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;

Qantas Airways Ltd will pay a A$100 million (RM313.78 million) penalty and compensate passengers for selling tickets on thousands of flights it had already decided to cancel, as chief executive officer Vanessa Hudson continues costly repairs to the airline’s battered reputation.