KUALA LUMPUR (May 10): Pakatan Harapan’s policy platform may not please markets as the pledge to abolish the goods-and-services tax, if followed through, could dent fiscal outlook, said DBS Bank Ltd in its report “Wind of change in Malaysia” today.

The report also highlighted that there...

DBS Bank: Pakatan Harapan policies may not please markets

KUALA LUMPUR (May 10): Market correction following results of the 14th General Elections is likely to be brief, says AllianceDBS Research Sdn Bhd.

In a market focus note today, AllianceDBS believes any market selldown may be brief and offer accumulation opportunities, as Tun Dr Mahathir...

Market corrections to be brief says AllianceDBS

KUALA LUMPUR (May 8): theedgemarkets.com highlighted one stock with negative momentum at Bursa Malaysia’s afternoon market close today.

The stock was:

Ire-Tex Corp Bhd - up 1.5 sen at 24.5 sen

The list of stocks with momentum is generated using a proprietary mathemat...

Ire-Tex

KUALA LUMPUR: Malaysia’s exports for March 2018 are expected to inch up 1.6%, an improvement from the 2% contraction in the preceding month, said RAM Rating Services Bhd.

This is supported by external demand, which is likely to have gradually gathered pace after a temporary decline in F...

Malaysia’s exports to see marginal growth in March — RAM

KUALA LUMPUR (May 3): Proposed US tariffs on Chinese technological goods pose a direct risk to Malaysia’s trade momentum, given the importance of electrical & electronic (E&E) products to the overall export share, as well as the sector’s established position in the global value chain, acc...

Proposed US tariffs pose direct risk to Malaysia’s trade momentum — RAM

KUALA LUMPUR (May 2): theedgemarkets.com highlighted one stock with positive momentum at Bursa Malaysia’s afternoon market close today.

The stock was:

Lee Swee Kiat Group Bhd - up 1.5 sen at ...

Lee Swee Kiat

KUALA LUMPUR: OCBC Bank (Malaysia) Bhd (OCBC Malaysia) reported its highest ever annual net profit with a 17% year-on-year rise to RM949 million for the financial year ended Dec 31, 2017 (FY17), which it attributes to stronger growth in total income.

Total income rose 5% to RM2.46 billi...

OCBC Malaysia achieves record high net profit in FY17

KUALA LUMPUR (May 2): OCBC Bank (Malaysia) Bhd reported its highest ever annual net profit with a 17% year-on-year rise to RM949 million for the financial year ended Dec 31, 2017, which it attributes to stronger growth in total income.

Total income rose 5% to RM2.46 billion, mainly from...

OCBC Malaysia achieves record high annual net profit in FY17

The fight for the people’s votes on May 9 is in full swing, and the political parties are making some tempting offers.

One that has created some buzz is the minimum wage of RM1,500, which two major coalitions — the Barisan Nasional and Pakatan Harapan — are dangling before the rakyat.

Run-Up To GE14: BN, PH promise youth jobs and higher wages as analysts see fatigue

KUALA LUMPUR (May 2): theedgemarkets.com highlighted three stocks with momentum at Bursa Malaysia’s afternoon market close today, one with negative momentum and two with positive momentum.

The stocks with positi...

LeeSK, PMBTech, Asdion

Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports of a sharp escalation in Middle East hostilities.

Stocks sink, oil jumps as Middle East attack reports unnerve markets

Malaysia Airlines has commenced the gradual reinstatement of flights to and from Sabah, Sarawak and Labuan since the evening of April 18, in response to prevailing weather conditions.

Malaysia Airlines begins gradual reinstatement of flights to and from Borneo states

Daniel Suidani, a prominent Solomon Islands critic of China, who was former Malaita province premier, has been reelected to the provincial assembly, local media reported on Friday, as counting continues in the key Pacific island nation's election.

Solomon Islands election count underway, China critic Suidani regains seat

KUALA LUMPUR (April 19): Shares of Awanbiru Technology Bhd (Awantec) fell as much as 53% on Friday, prompting Bursa Malaysia to suspend the counter’s intraday short selling (IDSS). 

Awantec’s share price tumbled to a low of 15 sen during the morning session, its lowest since March ...

Awantec shares plunge 53%, intraday short selling suspended 

Transitioning towards a low-carbon power system is critical for Malaysia to realise its potential for green growth and unlock the critical opportunity to restructure the nation’s economy for a second economic take-off. Large-scale deployment of solar power is critical in realising this national v...

My Say: Deploying solar power for the low-carbon economy

China's aviation regulator said on Friday it had opened new air routes to the Chinese cities of Xiamen and Fuzhou with flight paths situated very close to the Taiwan-controlled islands of Kinmen and Matsu, in a move likely to anger Taipei.

China opens new air routes near Taiwanese islands

The Malaysian rubber glove industry has demonstrated resilience and adaptability amidst challenging global dynamics, with optimism for a rebound in 2024, with an anticipated surge to approximately 450 billion pieces by 2027 despite a downturn in 2023, according to the Malaysian Rubber Glove Manufacturers Association (Margma).

Margma optimistic of rebound in 2024, expects surge to 450 billion pieces by 2027

RHB Investment Bank Bhd (RHB IB) on Friday upgraded Public Bank Bhd to “buy” from “neutral”, with a higher target price (TP) of RM4.80 (from RM4.70).

RHB upgrades Public Bank to ‘buy’, raises target price to RM4.80

A total of 218 out of 338 projects to reconstruct dilapidated schools in Sabah have been completed to date, says Education Minister Fadhlina Sidek.

She said 60 projects were currently under construction and expected to be completed soon, while the remaining 60 projects were still in the planning stage.

218 out of 338 dilapidated school reconstruction projects in Sabah completed — Fadhlina

Sales of previously-owned homes in the US fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices.

US existing home sales decline as rates keep buyers sidelined

PIE Industrial Bhd, whose share price extended its rally to a new all-time high on Thursday on reports that it has secured a new customer, confirmed the matter and said it is expecting the new customer to contribute an additional RM2.5 billion revenue to the group, of which RM1 billion will be recognised as early as next year.

PIE Industrial confirms bagging new client, expects additional RM2.5 bil revenue

FE Green Pet (M) Sdn Bhd’s new high-tech recycling factory is expected to make Melaka a green investment destination and complement the economic growth strategy in the state, said Melaka Chief Minister Datuk Seri Ab Rauf Yusoh.

He said with an investment totalling approximately RM958 million, the plant on 14 hectares of land is projected to be completed by 2Q 2025, creating almost 500 jobs.

RM958 mil high-tech recycling factory puts Melaka on green investors map — Ab Rauf

Israeli missiles have hit a site in Iran, ABC News reported late on Thursday, citing a US official, while Iranian state media reported an explosion in the center of the country, days after Iran launched a retaliatory drone strike on Israel.

Israeli missiles hit site in Iran — report

KUALA LUMPUR (April 19): Shares of Awanbiru Technology Bhd (Awantec) fell as much as 53% on Friday, prompting Bursa Malaysia to suspend the counter’s intraday short selling (IDSS).&nbsp;

Awantec’s share price tumbled to a low of 15 sen during the morning session, its lowest since March ...

The oil-rich Malaysian state of Sarawak in Borneo is aiming to transform itself into a centre for clean hydrogen energy, betting that its ability to harness an abundance of hydropower can help it defy challenges that are clouding the fuel’s prospects elsewhere.

 Sarawak aiming to transform itself into a centre for clean hydrogen energy

Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports of a sharp escalation in Middle East hostilities.

Apple removed Meta Platforms' WhatsApp and Threads from its App Store in China on Friday after the iPhone maker was ordered by the Chinese government.

Apple removes WhatsApp, Threads from China app store on govt order

The US on Thursday effectively stopped the United Nations from recognising a Palestinian state by casting a veto in the Security Council to deny the Palestinian Authority full membershipof the world body.

US stops UN from recognising a Palestinian state through membership

RHB Investment Bank Bhd (RHB IB) on Friday upgraded Public Bank Bhd to “buy” from “neutral”, with a higher target price (TP) of RM4.80 (from RM4.70).

The amount of reserves in banking system — a key determinant for the Federal Reserve to continue shrinking its balance sheet — dropped by the most in two years as Americans paid income tax bills out of their bank accounts.

US bank reserve balances see largest drop since 2022 tax season

Hong Leong Investment Bank (HLIB) expects Bursa Malaysia Bhd’s earnings for the first quarter to rise 34% year-on-year to RM75 million, amid the expectation of higher securities average daily value (ADV) and derivatives average daily contract (ADC).

HLIB sees Bursa Malaysia’s 1Q earnings rising 34% y-o-y 

RHB Retail Research said Inari Amertron Bhd is poised to challenge the RM3.27 resistance level once again, which would make this its fourth attempt this year.

Inari poised to challenge RM3.27 resistance, says RHB Retail Research 

The Malaysian rubber glove industry has demonstrated resilience and adaptability amidst challenging global dynamics, with optimism for a rebound in 2024, with an anticipated surge to approximately 450 billion pieces by 2027 despite a downturn in 2023, according to the Malaysian Rubber Glove Manufacturers Association (Margma).

Chinese government-linked hackers have burrowed into US critical infrastructure and are waiting "for just the right moment to deal a devastating blow," FBI director Christopher Wray said on Thursday.

FBI says Chinese hackers preparing to attack US infrastructure

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower for the fifth consecutive day, said palm oil trader David Ng.

He said the weaker soybean oil market and lower crude oil prices continue to pile pressure on prices.

CPO futures end lower for 5th consecutive trading day

RHB Retail Research said Muhibbah Engineering (M) Bhd may be headed for an uptrend after rebounding strongly from a recent pullback and pushing past the 21-day simple moving average line.

Muhibbah Engineering may be headed for uptrend, says RHB Retail Research 

Cocoa futures hit a new high in New York — topping US$11,000 (RM52,624) a metric tonne — as the pace of processing in chocolate factories holds up even in the face of a global supply crunch and record prices.

Cocoa soars above US$11,000 a tonne as processing pace holds up

Rakuten Trade said United U-Li Corporation Bhd may trend higher after breaking out from its two-week bullish flag pattern with a long white candle on Thursday.

United U-Li Corp may trend higher, says Rakuten Trade 

Hong Leong Investment Bank (HLIB) said Kimlun Corp Bhd’s earnings is primed for promising prospects in FY2024-25, underpinned by an unbilled orderbook of RM2.48 billion (3.0x cover on FY2023 revenue and the highest achieved since FY2018), with 85% dedicated to construction and the remaining to precast manufacturing.

HLIB sees promising prospects for Kimlun’s FY24-25 earnings

The remains of the late Tan Sri Joseph Kurup arrived at the Kota Kinabalu International Airport here at 11.20pm on a commercial flight.

The flight which was initially scheduled at 9.15am on Thursday was cancelled due to ash clouds from Mount Ruang’s volcanic eruption in North Sulawesi, Indonesia, engulfing the air space.

Erika Benjamin

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