KUALA LUMPUR (May 10): Based on corporate announcements and news flow today, stocks in focus on Tuesday (May 11) may include the following: Dayang Enterprise Holdings Bhd, Boustead Holdings Bhd, Gamuda Bhd, Astino Bhd, Eastern & Oriental Bhd, EcoFirst Consolidated Bhd and Privasia Technology Bhd.

Dayang, Boustead, Gamuda, Astino, Eastern & Oriental, EcoFirst and Privasia

Gamuda Bhd confirmed today that it is currently in talks with the government to put forth its proposal to sell its four highway concessions to a private highway trust.

Gamuda confirms plan to sell four highway concessions to govt

The whole of Malaysia will be placed under the Movement Control Order from May 12 to June 7, said Prime Minister Tan Sri Muhyiddin Yassin in a statement this evening, as the country grapples with rising Covid-19 infections.

MCO 3.0 expands to whole country, restrictions from May 12 to June 7

Metal parts manufacturer BSL Corp Bhd announced that its offices in Rawang will halt operations for two days starting tomorrow (May 11) after some employees at one of its manufacturing facilities tested positive for Covid-19.

BSL Corp's offices in Rawang closed for two days due to Covid-19

KUALA LUMPUR (May 10): Malaysia's state-owned oil and gas giant Petroliam Nasional Bhd (Petronas) has denied being involved in any "exploratory talks" with Hong Kong-based Ocean Wind International Industrial Ltd for possible cooperation on renewable energy production.

Petronas denies having talks with HK-based power-generation firm for RE collaboration

Boustead Holdings Bhd says it is unable to share further information about the Littoral Combat Ship (LCS) project following the government's announcement on Friday that the project will continue despite previous delays.

Boustead: No comment on littoral combat ship project resumption until official confirmation

KUALA LUMPUR (May 7): Axiata Group Bhd has proposed to award up to 2.92 million shares in the company to its managing director/president and group chief executive officer Datuk Mohd Izzaddin Idris, after the mobile operator recorded a 1.1% growth in its earnings in the financial year 2020 (FY20).

Axiata said the share award was proposed to retain and reward Izzaddin, "who is vital to the continued growth and business aspiration" of the group.

Axiata plans to award MD Izzaddin up to 2.92m shares

KUALA LUMPUR (May 7): Rice and sago sticks manufacturer Eka Noodles Bhd announced that one of its factories in Sarawak has to temporarily close after some factory workers tested positive for Covid-19. The closure is expected to cause a 10% drop in its total monthly output volume.

Eka Noodles' plant in Sarawak temporarily closed due to Covid-19 spread

Based on corporate announcements and news flow today, stocks in focus for Monday (May 10) may include the following: Genting Bhd, S P Setia Bhd, Scientex Bhd, Marine and General Bhd, Amcorp Properties Bhd, WCT Holdings Bhd, EP Manufacturing Bhd, Careplus Group Bhd, Pharmaniaga Bhd and Malaysia Smelting Corp Bhd.

Genting, S P Setia, Scientex, Marine and General, Amprop, WCT, EP Manufacturing, Careplus, Pharmaniaga and Malaysia Smelting Corp

KUALA LUMPUR (May 7): Data Knights Acquisition Corp (DKDC), a special purpose acquisition company (SPAC) sponsored by Serba Dinamik Holdings Bhd's wholly-owned Serba Dinamik Group Bhd (SDGB), will have its shares start trading on the Nasdaq Capital Market today (May 7) under the symbol 'DKDCU', with a public offering price of US$10 per unit.

In a Bursa Malaysia filing, Serba Dinamik said SDGB had previously invested about US$5.85 million (equivalent to about RM24.10 million) into DKDC.

Serba Dinamik-sponsored SPAC lists on Nasdaq at US$10 per share

[Branded] Gamuda Land has always believed in building generational townships. For Gamuda Gardens, the developer has teamed up Skyline Luge to make a place where fun, community and the environment all harmoniously intersect.

A Community Affair at Gamuda Luge Gardens

Hong Leong Investment Bank (HLIB) research said Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cyber security solutions post-passage of the cyber security bill which was passed in Dewan Rakyat on April 3.

HLIB: Cloudpoint well positioned to capitalise burgeoning demand for cyber security solutions

UK Chancellor Jeremy Hunt said consumers shouldn’t foot the bill for mistakes made by the management and owners of struggling utility Thames Water.

Jeremy Hunt says Thames Water customers shouldn’t pay for its mistakes

TA Securities is maintaining its “buy” recommendation on Pantech Group Holdings

MORNING CALL: 18/4/24

President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.

Biden calls China ‘xenophobic’, ramping up 2024 campaign rhetoric

Federal Reserve Bank of Cleveland president Loretta Mester said monetary policy is in a good place, adding that the central bank shouldn’t be in a hurry to cut interest rates.

Mester says US Fed can hold rates steady, not in a hurry to cut

RHB Retail Research said Marine & General Bhd is set for an uptrend reversal after undergoing a bullish breakout above the 28 sen resistance on Wednesday, on strong trading volume.

Marine & General set for uptrend reversal, says RHB Retail Research 

Micron Technology Inc, the largest US maker of computer-memory chips, is poised to get more than US$6 billion (RM28.7 billion) in grants from the Commerce Department to help pay for domestic factory projects, part of an effort to bring semiconductor production back to American soil.

Micron poised to get over US$6b in chips grants in announcement next week

Juventus are reviewing a decision made by an arbitration court which ordered the club to pay former striker Cristiano Ronaldo around €9.8 million (RM50 million) in owed wages, the Serie A side said on Wednesday.

Juventus review ruling as club ordered to pay Ronaldo €9.8m

EU antitrust regulators have concluded that Microsoft's US$13 billion (RM62.2 billion) investment into OpenAI is not an acquisition, sources familiar with the matter said on Wednesday, signalling the deal will avoid a formal European probe that could have led to onerous remedies for the US tech giant.

Microsoft-OpenAI deal set to dodge formal EU merger probe — Reuters

KUALA LUMPUR (April 17): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday:

IGB Real Estate Investment Trust (IGB REIT) reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31...

IGB REIT, Affin Bank, Keyfield International, HeiTech Padu, Reservoir Link, LBS Bina, Menang, Excel Force and MFM

US Federal Reserve (Fed)&nbsp;chair Jerome Powell is making life tougher for his peers around the world, as the prospect of higher-for-longer US interest rates reduces room for easier policy elsewhere.

Powell's higher-for-longer US rate warning means headaches for rest of the world

Excel Force MSC Bhd said Chinese national Chen Hui had ceased to be a substantial shareholder after he disposed of 30 million shares or a 4.9% stake in the company for RM10.2 million.

Chinese national Chen Hui ceases to be substantial shareholder of Excel Force

NEW YORK (April 18): US stocks closed lower on Wednesday as crude prices tumbled and investors weighed cautious US Federal Reserve commentary and ongoing geopolitical strife against mixed quarterly earnings.

Benchmark US Treasury yields and the dollar eased back from multi-month highs, ...

US stocks end down, crude slides amid Fed, geopolitical crosscurrents

The Unity Government Leadership Consultative Council meeting agreed that the government must act firmly and not compromise against extreme actions that can jeopardise the country’s stability.

Unity Government Secretariat chief Dr Asyraf Wajdi Dusuki said the matter was decided at Wednesday’s Unity Government Leadership Consultative Council meeting at Seri Perdana, Putrajaya.

Unity Govt meeting: No compromise on extreme actions that can jeopardise country’s stability

Former Parti Bersatu Rakyat Sabah (PBRS) president Tan Sri Joseph Kurup&nbsp;passed away on Wednesday night.

This&nbsp;was confirmed by an officer&nbsp;to his son, Datuk Arthur Joseph Kurup, who is the current&nbsp;PBRS president and the deputy agriculture and food security minister.

Former PBRS president Joseph Kurup passes away

Shell&nbsp;on Wednesday urged shareholders to vote against an&nbsp;independent resolution, co-filed by a group of 27 investors, urging the energy company to set tighter climate targets.

Shell urges investors to reject shareholder group's climate demands

President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.

Sabah has lost an experienced and exceptional leader with the passing of Parti Bersatu Rakyat Sabah (PBRS) founder Tan Sri Joseph Kurup, says Chief Minister Datuk Seri Hajiji Noor.

Expressing sympathy and condolences to the late leader's family, Hajiji said he had worked alongside Joseph as an assistant minister in the Sabah Ministry of Industrial Development in 1994, earning a deep respect for the veteran Sabah leader.

Sabah lost an exceptional leader with Joseph Kurup's passing — Hajiji

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Wednesday, owing to weakness in the soybean oil futures on the Chicago Board of Trade and lower crude oil prices.

Palm oil trader David Ng told Bernama that the weaker market sentiment, however, was limited by the expectation of a stronger demand in the coming weeks.

CPO futures ends lower amid weaker soybean oil futures, oil prices

NEW YORK (April 18): US stocks fell in choppy trading on Wednesday as investors assessed the Federal Reserve's interest rate stance and a batch of soft earnings early in the financial reporting season.

Travelers tumbled 7.41% and was among the biggest drags on the S&amp;P 500 and larges...

Stocks decline as interest rate uncertainty, earnings weigh

Executives at Dutch computer chip equipment maker ASML on Wednesday said they expect demand from Chinese customers to remain strong, representing "in the ballpark" of 20% of the company's order backlog.

ASML executives say they expect continuing strong sales in China

Prime Minister Datuk Seri Anwar Ibrahim has expressed his condolences to Deputy Minister of Agriculture and Food Securities Datuk Arthur Joseph Kurup and his family on the demise of his father, Tan Sri Joseph Kurup on Wednesday.

PM extends condolences to family of Joseph Kurup

A woman brought a 68-year-old man in a wheelchair into a bank branch and tried to get him to sign for a loan, but he had been dead for hours, Brazilian police said on Wednesday.

Erika Vieira Nunes wheeled the cadaver into the bank in a Rio suburb on Tuesday and told the teller the man wanted a loan for 17,000 reais (US$3,250), security camera video showed.

Woman wheels corpse into Brazil bank to sign for loan

Germany and China have signed a joint declaration to cooperate on autonomous and connected driving which Germany hopes will enable carmakers to transfer data from China to Germany, a contentious topic for foreign businesses in China.

Germany, China sign joint declaration on car data sharing

Gold prices firmed on Wednesday as geopolitical turmoil in the Middle East spurred safe-haven demand, but fading US rate cut hopes capped further upside.

Spot gold rose 0.4% to US$2,391.10 per ounce, as of 9.40am ET (1340 GMT). Prices hit an all-time high of US$2,431.29 on Friday.

Gold drifts higher as Middle East turmoil lifts appeal

Asian countries probably don't want it and they certainly didn't cause it, but a 'beggar thy neighbour' wave of exchange rate depreciation may be about to hit the continent.

If not a full-blown currency war, then a series of skirmishes is looming as policymakers grapple with a resurgent US dollar, a fragmented G10 central bank policy path, and a staggering slump in the Japanese yen which appears to have Tokyo's tacit approval.

Asia braces for unwanted, but unavoidable FX battle

Federal jurors in New York heard sharply contrasting arguments on whether a trader manipulated the Mango Markets cryptocurrency exchange to steal US$110 million (RM527.1 million) or executed a perfectly legal strategy that was permissible under the rules of the platform. &nbsp;

Crypto trader’s US$110m manipulation case now with jury

Hong Leong Investment Bank (HLIB) research said Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cyber security solutions post-passage of the cyber security bill which was passed in Dewan Rakyat on April 3.

The world’s two great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials of&nbsp;the International Monetary Fund (IMF) said in a report.

Emir Zainul

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Emir Zainul

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌