<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 21): RHB Retail Research said Thong Guan Industries Bhd may rebound higher after it continued holding above the RM4.00 support.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said yesterday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound.</p></div>

<div class=newsTextDataWrapInner><p>“A positive bias may emerge above the RM4.10 level, with an exit set below the RM4.00 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 RM4.50 mark, followed by the RM4.80 level,” it said.</p></div>


KUALA LUMPUR (Feb 21): RHB Retail Research said Thong Guan Industries Bhd may rebound higher after it continued holding above the RM4.00 support.

In a trading stocks note today, the research house said yesterday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pat...

Thong Guan may rebound higher, says RHB Retail Research

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

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

In The Edge Malaysia this week — a deep dive into the EPF’s newly structured Account 3, also known as Flexible Account.

EDGE WEEKLY: Who pays for anytime EPF withdrawals?

National car maker Perusahaan Otomobil Nasional Sdn Bhd (Proton) inaugurated its research and development (R&D) centre in China last Saturday to strengthen its collaboration with partner Zhejiang Geely Holding Ltd (Geely) and complement its facilities in Malaysia.

Proton opens R&D facility in China’s Hangzhou Bay 

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.

Japan's yen jumps against the dollar on suspected intervention

Nestlé (Malaysia) Bhd's net profit for the first quarter ended March 31, 2024 (1QFY2024) dipped 0.8% to RM195.51 million from RM197.15 million a year earlier, due mainly to the impact of slightly lower sales, offset by proactive cost management initiatives as well as better commodity costs.

Nestlé's 1Q net profit dips 0.8% to RM195.5m on lower domestic sales

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.

Yen surges on suspected intervention, Asian shares rise

Financial details of Shell's vast oil and gas trading business are some of the company's closest-held secrets. Documents in a lawsuit filed by a former employee, however, revealed its US crude trading regularly earns around US$1 billion (RM4.77 billion) every year.

Shell earns US$1b a year from US crude trading, court filing shows 

WITH mounting tensions in the Middle East boosting gold prices and sustaining global demand for exposure to the precious metal, despite a stronger US dollar last week, gold-linked counters on Bursa Malaysia may still trade to new heights, experts say, notwithstanding the rally in their share pric...

Hike in share price of gold counters not done yet, say experts

What appears to be a common partnership between landowner and developer to develop a parcel of land has turned out to be a transaction where there is more than meets the eye.

Frankly Speaking: YNH raises eyebrows again

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


YNH Property hits three-week high after default remedy

<p>KUALA LUMPUR (April 29): Mercury Securities Sdn Bhd has recommended investors “subscribe” 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 price.</...

Mercury Securities advises investors to subscribe 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>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>


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>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.</p>


China crash involving Huawei-backed Aito electric vehicle kills three

<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>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>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>


<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>General insurer LPI Capital Bhd said on Monday its net profit surged 37% year-on-year 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% on lower reinsurance expenses, higher investment income

<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>Once renowned as avid overseas tourists, the Japanese are staying closer to home these days.</p>


Weaker yen keeps Japanese tourists at home while visitors throng

<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>


<p>Shares of Singapore Telecommunications (Singtel) fell as much as 3.3% on Monday to a more than one-week low after it forecast non-cash impairment provisions of S$3.1 billion (RM10.8 billion) for the second half of 2024.</p>


Singtel falls up to 3% after US$2.3b impairment 

<p>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.</p>
