<div class=newsTextDataWrapInner>KUALA LUMPUR (Sept 15): RHB Retail Research said Mega First Corp&nbsp;Bhd may have completed its correction phase — it is in the process of extending its upward move following the latest session’s upside breach of the 21-day simple moving average (SMA) line.</div>

<div class=newsTextDataWrapInner>In a trading stocks note today, the research house said a positive bias may emerge above RM7.20 with resistance points pegged at RM7.65 and RM7.80.</div>

<div class=newsTextDataWrapInner>“This bias would stay valid unless the RM7.20 support is breached,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

RHB Retail Research said Mega First Corp Bhd may have completed its correction phase — it is in the process of extending its upward move following the latest session’s upside breach of the 21-day simple moving average (SMA) line.

Mega First Corp may have completed its correction phase, says RHB Retail Research

The National Highway Traffic Safety Administration (NHTSA) is opening an investigation into Ford Motor's hands-free driving technology BlueCruise after two fatal crashes involving Mustang Mach-E sport utility vehicles striking parked vehicles, the agency said on Monday.

US opens probe into 130,000 Ford vehicles over hands-free tech

The implementation of the water tariff adjustment for domestic category as of Feb 1 this year, is vital to improve and enhance the country's water supply system.

Water tariff adjustment can help consolidate water supply system — Teo

AirAsia X Bhd’s (AAX) passenger load factor rose to 83% in the first quarter of this year (1Q2024), from 80% in the same period a year earlier, driven by robust travel demand.

AAX’s passenger load factor up at 83% in 1Q on robust travel demand

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

YTL REIT to develop a Moxy hotel in Hokkaido for RM199 mil

Building material maker Ajiya Bhd recorded its second straight quarterly loss of RM12.71 million for the first quarter ended Feb 29, 2024 (1QFY2024), versus a net profit of RM46.11 million a year ago, despite logging higher revenue.

Ajiya logs second straight quarterly loss of RM12.7m in 1Q

The Ministry of Domestic Trade and Cost of Living (KPDN) hopes that more sectors will be involved in implementing the Ihsan Rahmah Sale programme (PJIR) nationwide.

KPDN hopes more sectors will be involved in Ihsan Rahmah Sales — Armizan

The Financial Times (FT) has signed a deal with OpenAI to license its content for the development of artificial intelligence (AI) models, and allow ChatGPT to answer queries with summaries attributable to the newspaper, the latest media tie-up for the Microsoft-backed start-up.

OpenAI to use Financial Times content for training AI models

The Penang Water Supply Corp (PBAPP) needs strong support from the Energy Transition and Water Transformation Ministry (Petra) to complete two components of its dam expansion project, its chief executive officer K Pathmanathan said.

PBAPP needs strong support to complete two dam expansion components — CEO

In today’s edition of Evening 5: 0:06 Gadang calls off Kwasa Damansara land buy after failing to get EPU waiver1:27 Twenty-eight National Service Training Programme operators take govt to court2:52 Nestlé's 1Q net profit dips on lower domestic sales amid challenging environment 4:34 LPI Capital's 1Q earnings surge 37%, to focus on strategic sectors for steady profits5:59 Boycott causes over 100 KFC outlets to suspend operations, says Nanyang report

EVENING 5: Gadang calls off Kwasa Damansara land buy

Malaysia and China have pledged commitment to collaborate in research through the Second Malaysia-China Joint Research Project Group, focusing on key areas such as energy storage technology and human vaccines.

Malaysia-China pledge commitment to joint research in STI — Mosti

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

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

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

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.

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

SUPERMAX Holdings Sdn Bhd (SHSB), which holds 40.3% in Supermax Corp Bhd, is the subject of a winding-up petition.

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

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.

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

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.

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

Three people, including a two-year-old boy, died after a Huawei-backed Aito M7 SUV burst into flames following a collision with a truck on a highway in the Chinese city of Yuncheng in the northern province of Shanxi, state media said.

China crash involving Huawei-backed Aito electric vehicle kills three

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.

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

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.

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

Saudi Arabia-based renewable energy giant ACWA Power has expressed interest to invest more than&nbsp;US$10 billion (RM47.64&nbsp;billion) in Malaysia over a 10-year period, in collaboration with Cypark Resources Bhd.

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

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.

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

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.

Malakoff inks deal to expand operation and maintenance services to Bangladesh

Sime Darby Property Bhd has achieved a 100% take-up rate for The Corak freehold commercial hub at the Serenia City township in Sepang, according to a press statement issued on Monday. The Corak is the township's first commercial hub.

Sime Darby Property achieves 100% take-up for The Corak commercial hub in Serenia City

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.

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

theedgemalaysia.com&nbsp;highlighted three with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

Supercomnet Technologies, MyEG, BP Plastics, LGMS, Turiya

The Jana Wibawa programme, which was established to assist Bumiputera contractors impacted by the Covid-19 pandemic, only took off following Cabinet approval in 2020, the court heard on Monday.

Jana Wibawa programme could only take off with Cabinet approval, says witness

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.

Shares rise, yen surges on suspected intervention

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.

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

OpenSys (M) Bhd, which makes automated teller machines, expects a revenue boost from an estimated 3,000 units of cash machines due for replacement in the next three years.

OpenSys expects revenue boost from machine replacements

The business reorganisation plan announced last week by the two friends and business partners — Tan Sri Tony Fernandes and Datuk Kamarudin Meranun — is the final piece of the jigsaw to get the group of companies they control back on a stronger footing, at least in the restructuring of their balance sheet.