<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 26): RHB Retail Research said Media Chinese International Ltd, which pulled back from the recent high, is in the process of forming a double bottom.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said the low volume during the pullback for eight consecutive days indicates that selling pressure is subsiding.</p></div>

<div class=newsTextDataWrapInner><p>“The bullish bias would be endured if it manages to stay above the&nbsp; resistance-turn-support level of 18 sen.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The next resistance levels are eyed at 21 sen, and its recent high of 21.5 sen. This expectation would be invalidated if the 18 sen support fails,” it said.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


RHB Retail Research said Media Chinese International Ltd, which pulled back from the recent high, is in the process of forming a double bottom.

Media Chinese in process of forming double bottom, says RHB Retail Research

The debris from a missile that landed in the Ukrainian city of Kharkiv on Jan 2 was from a North Korean Hwasong-11 series ballistic missile, United Nations sanctions monitors told a Security Council committee in a report seen by Reuters on Monday.

UN experts say North Korea missile landed in Ukraine's Kharkiv

KUALA LUMPUR (April 30): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday (April 29):

QSR Brands and KFC Malaysia confirmed it suspended operations of its outlets to manage costs, amid news that over 100 of its outlets have ceased...

QSR Brands, Nestle, ViTrox, LPI Capital, Ajiya, YTL REIT, Tex Cycle, Gadang, HHRG, Sapura, MSC, Capital A, BSL, Oppstar

YNH Property Bhd on Monday made a belated announcement about transactions involving its 6.49-acre land in Segambut, which it had inked an agreement in September last year to sell for RM59.58 million but revoked last week to have Chin Hin Group Property Bhd develop the plot in return for at least RM52 million.

YNH makes belated announcement about transactions involving its Segambut land

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).

YTL Power, YTL Corp touch new highs

Kossan Rubber Industries Bhd has clarified that the fire at a paint factory in Meru Industrial Park, Klang on Monday (April 29) had no impact on operations at its rubber glove factories.

Fire outbreak at paint processing plant 'has nothing to do with Kossan Rubber Industries', says MD

A vessel that reported on Monday an explosion in its proximity, 54 nautical miles northwest of Yemen's Mokha, has sustained damage but the ship and crew are safe and proceeding to next port of call, the United Kingdom Maritime Trade Operations (UKMTO) agency said.

Vessel sustains damage near Yemen's Mokha after explosion in its proximity, says UKMTO 

HHRG Bhd was slapped with a RM58.18 million suit by Ooi Chieng Sim, in relation to a loan given out by the former executive chairman to the company.

HHRG faces RM58 mil suit over alleged default of loan by ex-chairman

Integrated circuit (IC) design service provider Oppstar Bhd is collaborating with South Korea’s tech giant Samsung Electronics Co Ltd for the production of industrial ICs manufactured using Samsung’s 14 nanometre (nm) FinFET technology foundry process.

Oppstar partners with Samsung to produce industrial integrated circuits

Prime Minister Datuk Seri Anwar Ibrahim held a bilateral meeting with his Pakistani counterpart Muhammad Shehbaz Sharif on the sidelines of the World Economic Forum (WEF) Special Meeting here on Monday.

PM meets Pakistani counterpart, Turkiye foreign minister

The ideas and initiatives of the National TVET council and the National Entrepreneur Development Council will be coordinated to ensure the rapid development of the technopreneur section, Deputy Prime Minister Datuk Seri Dr Ahmad Zahd Hamidi said.

TVET, entrepreneur development councils to be coordinated to ensure rapid development — DPM

<p>Saudi Arabia-based renewable energy giant ACWA Power has expressed interest in investing more than&nbsp;US$10 billion (RM47.64&nbsp;billion) in Malaysia over a 10-year period.</p>

<p>Among the proposed projects are those to be undertaken through collaboration with a local company, Cypark Resources Bhd.</p>


Saudi-based ACWA Power keen on investing over US$10b in M'sia, some projects in collaboration with Cypark

<p>Permodalan Kedah Bhd (PKB) has inked a memorandum of understanding (MOU) with Royal Eco Train Development, Republic of Korea (RETD Korea), for the Light Rail Transit (LRT) project in Langkawi.</p>


Permodalan Kedah inks MOU with Korean firm for LRT in Langkawi

<p>Following reports that over 100 KFC outlets have been temporarily closed after about half a year of boycott movement, QSR Brands (M) Holdings Bhd and KFC Holdings (M) Bhd (KFC Malaysia) said they suspended the operations of the outlets to manage increasing business costs amid challenging economic conditions, and to focus on high engagement trade zones.&nbsp;</p>


QSR confirms temporary closure of KFC outlets, says it is to manage rising costs

<p>KUALA LUMPUR (April 29): Capital A Bhd said on Monday that the number of passengers it carried rose 17% year-on-year (y-o-y) to 15.4 million in the first quarter of 2024 (1Q2024), on the back of strong travel demand during the school holidays and Chinese New Year.</p>


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

<p>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.</p>


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

<p>Gadang Holdings Bhd has called off its planned acquisition of a 21.08-acre land in Kwasa Damansara — known as R3-1 — for RM114.78 million from Kwasa Development (3) Sdn Bhd (KD3), to be developed into a residential project.</p>


Gadang fails in appeal to EPU for Bumi equity waiver to buy Kwasa Damansara land

<p>Automated test equipment maker ViTrox Corp Bhd, which has just seen its net profit halve in the first quarter of 2024, is expecting a gradual recovery in the semiconductor sector towards the second half of the year (2H2024) and is continuing to ramp up its research and development (R&amp;D) investments in anticipation of that.</p>


ViTrox to continue to ramp up R&D investment on anticipated semiconductor recovery in 2H2024

<p>Tex Cycle Technology (M) Bhd said on Monday it has partnered with Evolusi Bersatu Sdn Bhd to invest RM100 million in Sabah’s first integrated scheduled waste management facility.</p>


Tex Cycle in JV to invest RM100m to build Sabah waste management facility

<p>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).</p>


Malaysia Smelting Corp announces final dividend of seven sen per share

<p>Sapura Energy Bhd has landed a five-year contract from PTTEP Sabah Oil Ltd and PTTEP Sarawak Oil Ltd to provide underwater services.</p>


Sapura Energy bags underwater service contract from Thai-owned PTTEP group

<p>SEPANG (April 29): The Malaysian Aviation Commission (Mavcom) does not expect any further delays to the implementation of the Airports Quality of Services (QoS) Framework at the Kuala Lumpur International Airport (KLIA) beyond this year. &nbsp;</p>


No more delays for full implementation of Airports QoS Framework at KLIA, says Mavcom

<p>HULU SELANGOR (April 29):&nbsp;Pakatan Harapan (PH) candidate Pang Sock Tao on Monday uploaded her&nbsp;academic results in the&nbsp;Ujian Pencapaian&nbsp;Sekolah Rendah&nbsp;(UPSR) and&nbsp;Sijil Pelajaran Malaysia (SPM) in reply to the challenge raised by PAS information chief Ahmad Fadhli Shaari recently.</p>


KKB by-election: Pang takes up challenge to reveal academic results

<p>KK Supermart &amp; Superstore Sdn Bhd Group founder and executive chairman Datuk Seri Dr Chai Kee Kan&nbsp;and his wife, Datin Seri Loh Siew Mui, who are facing two counts of intentionally wounding the religious feelings of others over&nbsp;the sale of socks bearing the word 'Allah', will submit a representation to the Attorney General's Chambers (AGC).</p>


'Allah' socks: KK Mart founder, wife to submit representation to AGC

<p>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.</p>


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

<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Kuala Lumpur Kepong Bhd (KLK) said that it had completed all reimbursements of recruitment and related fees in compliance with the group’s strict no-recruitment-fee policy.</p>


KLK says it completed reimbursement of fees following unethical recruitment allegations

<p>Analysts have raised their earnings forecasts and target prices (TPs) for Homeritz Corp Bhd, after the group's latest set of financial results beat their expectations on higher-than-expected sales volume.&nbsp;</p>


Analysts raise Homeritz earnings forecasts, TPs on 2Q beat despite cautious outlook

<p>The regular market for US equities runs for 390 minutes on a standard trading day. But at the rate things are going, eventually the last 10 might be the only ones that matter.</p>


Increasingly, only last 10 minutes of US stock trading matter

<p>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.</p>


China hints at retaliation after Biden signs Taiwan, TikTok legislation

<p>YTL Hospitality REIT (YTL REIT) is planning to develop a hotel in Hokkaido, Japan, for an estimated total cost of RM199 million.</p>
