<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 27): RHB Retail Research said MTAG Group Bhd is poised to scale higher after it underwent a bullish breakout, and pushed past the resistance point of 48 sen.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note on Thursday (Oct 27), the&nbsp;research house said that the stock went through a correction when it was trending below the 21-day simple moving average line.</p></div>

<div class=newsTextDataWrapInner><p>“Crossing above the moving average line would indicate that a bullish bias has emerged.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The bullish momentum should propel it towards 51 sen, followed by 54 sen.</p></div>

<div class=newsTextDataWrapInner><p>“On the flip side, falling below the 45 sen support will negate the positive expectation and spark the start of a correction phase,” it said.</p></div>


KUALA LUMPUR (Oct 27): RHB Retail Research said MTAG Group Bhd is poised to scale higher after it underwent a bullish breakout, and pushed past the resistance point of 48 sen.

In a trading stocks note on Thursday (Oct 27), the research house said that the stock went through a corre...

MTAG poised to scale higher, says RHB Retail Research

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EVENING 5: Five things you need to know today

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<p>The High Court on Thursday dismissed Tengku Datuk Zafrul Abdul Aziz's application to file an affidavit with regards to Datuk Seri Najib Razak's judicial review application to unearth an addendum to his pardon order that detailed he was to spend the remainder of his sentence under "house arrest".</p>


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<p>US President Joe Biden included ally Japan along with rivals China and Russia in a list of countries he called “xenophobic” in a speech at a campaign fundraising event in Washington.</p>


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<p>Latest data signalled further downbeat trends across the Malaysian manufacturing sector at the start of the second quarter of 2024.</p>

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<p>theedgemalaysia.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Thursday. Two stocks showed positive momentum while five stocks showed negative momentum.</p>


GHL Systems, Oppstar, Bursa Malaysia, Country View, Fiamma, Marco, Tambun Indah 

<p>Malaysia’s biggest port operator Westports Holdings Bhd said on Thursday its net profit rose 11.4% year-on-year (y-o-y) in the first quarter, thanks to higher container revenue, coupled with higher finance income and share of results of a joint venture (JV).</p>


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<p>Smart Asia Chemical Bhd, en route to Bursa Malaysia’s ACE Market, expects its new plant in Perak to triple its production capacity while allowing the paint and coating manufacturer to be closer to its clients.</p>


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<p>South Korea's SK Hynix said on Thursday its high-bandwidth memory (HBM) chips used in AI chipsets were sold out for this year and almost sold out for 2025 as businesses aggressively expand artificial intelligence services.</p>
