SIGNATURE INTERNATIONAL BHD is unperturbed by the slowdown in the property market. The kitchen cabinet and wardrobe maker is still receiving a fair number of enquiries from prospective customers every month.

Besides, Signature (fundamental: 2.1; valuation: 2.4) is hopeful of winning a s...

Signature unperturbed by softer property market

KUALA LUMPUR (Jan 2): ACE-market listed Kanger International Bhd has proposed to undertake an issuance of redeemable convertible notes (RCN) programme of up to RM100 million today, together with a proposed diversification into property investment and management.

In a filing with Bursa M...

Kanger proposes raising RM100m with notes, diversifying into property sector

KUALA LUMPUR (Dec 31): Kinsteel Bhd’s managing director (MD) and major shareholder Tan Sri Pheng Yin Huah has quit as Perwaja Holdings Bhd’s MD, and so did his sons Datuk Pheng Chin Guan as chief executive officer and executive director of Perwaja, as well as Pheng Chin Huat and Pheng Chun Shiun ...

Kinsteel's Pheng quits as MD of Perwaja but remains a director, son Chin Guan quits as CEO of Perwaja

KUALA LUMPUR (Dec 30): System integration outfit Metronic Global Bhd (MGB) has announced it will be diversifying into property development, and has proposed to acquire land measuring 31,943 square metres in Kuala Krai, Kelantan, for RM9.8 million.

To help fund the development cost of th...

Metronic Global diversifies into property development

WHILE THE billion-ringgit divorce case of business tycoon Tan Sri Khoo Kay Peng continues to make the headlines in the Malaysian and UK tabloids, investors are fascinated by the news that his asset-rich flagship Malayan United Industries Bhd (MUI) is looking at the disposal of assets to unlock va...

Trade Wise: MUI in limelight for asset sale plan, Khoo’s divorce

KUALA LUMPUR (Dec 17): Hiap Teck Venture Bhd's an integrated steel mill in Kemaman, Terengganu, is currently undergoing a trial-run, said its deputy chairman Tan Sri Law Tien Seng, who controls 26.31% stake.
 
"The plant is already completed and on trial run. We are just waitin...

Hiap Teck's Kemaman plant to start mass production in March

THE valuation being looked at for MPHB Capital Bhd’s insurance unit, Multi-Purpose Insurans Bhd (MPIB), is at 2.4 to 2.5 times price-to-book (P/B) ratio, say sources. The deal should be finalised as early as the end of the month, following approval from Bank Negara Malaysia, they add.

A...

Insurance arm of MPHB could be worth over RM700m

KUALA LUMPUR (Nov 28): Based on news flow and corporate announcements today, companies that may be in focus next Monday (Dec 1) could include: Malaysian Airline System Bhd, Instacom Group Bhd, Eduspec Holdings Bhd, Carlsberg Brewery Malaysia Bhd, RGB International Bhd, Wah Seong Corp Bhd, Mudajay...

MAS, Instacom, Eduspec, Carlsberg, RGB, Wah Seong, Mudajaya, Sentoria, Mulpha and Datasonic

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

China passes tariff law amid tensions with trading partners

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

BCorp, Capital A, AAX, YNH, Sam Engineering, Turiya, Gadang, Microlink, Nestle, Wiradani, D&O, Homeritz, Unisem

(April 26): HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co film financing.

HSBC wins £1.3 bil suit over Disney film finance scandal

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

KUB extends deadline for CCB MGO a second time

EVENING 5: Five things you need to know today

KUALA LUMPUR (April 26): KPJ Healthcare Bhd, through its premier educational institution KPJ Healthcare University (KPJU), has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise healthcare.

KPJ Healthcare, Trusx Malaysia collaborate for AI-driven healthcare solutions

Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.

Wall Street rises as Big Tech charges higher

In today’s edition of Evening 5: 00:00 Merger of airlines enough to reverse negative equity - Fernandes 02:16 Govt set to unveil second 5G network next week  03:26 Unisem’s 1Q hit by margins, forex 04:30 Berjaya Corp denies Forest City casino talks   05:30 Homeritz’s 2Q earnings spike on stronger greenback

EVENING 5: Merger of airlines enough to reverse negative equity - Fernandes

A weekly round-up of tanker and dry bulk market (April 26, 2024)

Baltic Exchange shipping updates: April 26, 2024

The Employees Provident Fund (EPF) has emerged as the second largest shareholder of aero-engine components manufacturer Sam Engineering &amp; Equipment (M) Bhd, after Singapore's sovereign wealth fund Temasek Holdings Pte Ltd.

EPF emerges as second largest shareholder of Sam Engineering

Gadang Holdings Bhd has secured a RM280 million contract to design and develop the Klang Valley Data Centre&nbsp;Block 2 in Cyberjaya from TM Technology Services Sdn Bhd, a business entity of Telekom Malaysia Bhd.

Gadang wins RM280 mil Klang Valley data centre jobs from TM Technology

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

S P Setia Bhd will launch Casaville, which comprises 38 single-storey bungalows, in its Setia EcoHill township in Semenyih at end-April.

With a gross development value (GDV) of RM50 million, the homes measure 52ft by 90ft each, with built-ups from 1,994 to 2,074 sq ft, and a three-bedroom, three-bathroom layouts. The selling price starts from RM1.376 million. It is slated for completion in the second quarter of 2026.

S P Setia to launch single-storey bungalows in Setia EcoHill at end-April

Penang Chief Minister Chow Kon Yeow&nbsp;has announced that he is in talks with a group of companies which have recently participated in Selangor’s integrated circuit (IC) design park.

Integrated circuit design firms to announce investments in Penang on Saturday, says Chow

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Homeritz Corporation Bhd’s net profit surged by 65.9% in the second quarter ended Feb 29, 2024 (2QFY2024) to RM9.24 million, due to increased sales volume and a stronger US dollar.

Homeritz’s 2Q net profit jumps 66% on increased sales volume, stronger greenback

Datuk Seri Anwar Ibrahim said he will be returning the allowance received as chairman of Khazanah Nasional Berhad, reiterating that he does not draw a salary for the position of prime minister that he has held since November 2022.

Anwar returns Khazanah allowance, reiterates stance on salary waiver

KNM Group Bhd said it is seeking court sanction for a new scheme of arrangement with its creditors. The PN17 group is also seeking a further extension of time to submit its regularisation plan.

KNM seeks fresh scheme of arrangement with creditors

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's defamation lawsuit against former prime minister Tan Sri Muhyiddin Yassin is headed for a settlement after the two leaders agreed to end a personal dispute between them.

Zahid and Muhyiddin agree to settle defamation suit

There are no plans to open or operate any casinos in the state, Johor Menteri Besar&nbsp;Datuk Onn Hafiz Ghazi said.

He said the news is merely a rumour intended for sabotage, and to maliciously tarnish the image of Forest City and the state of Johor as a whole.

Johor MB says no plan to open casino in Forest City

US monthly inflation rose moderately in March, but stubbornly higher housing and transportation costs suggested the Federal Reserve could keep interest rates elevated for a while.

US inflation rises in line with expectations; consumer spending strong

The US equity market will continue to rely on a handful of megacap stocks for direction until an uptick in real interest rates ignites recession fears, according to Bank of America Corp strategists.

US megacaps to lead stock rally until real rates bite, says BofA

(April 26):&nbsp;HSBC Holdings Plc successfully fought off a London court&nbsp;claim&nbsp;brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co&nbsp;film financing.

The allies of Republican presidential candidate Donald Trump are drafting proposals that would attempt to erode the Federal Reserve's independence if he wins, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Trump allies drafting plans to erode Fed's independence — WSJ

KUALA LUMPUR (April 26):&nbsp;KPJ Healthcare Bhd, through its premier educational institution&nbsp;KPJ Healthcare University (KPJU),&nbsp;has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise&nbsp;healthcare.

Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.

PADANG BESAR (April 26): Communications Minister Fahmi Fadzil said on Friday that&nbsp;the Terengganu government’s decision to reject the Territorial Sea Act 2012&nbsp;through a motion passed in&nbsp;the State Legislative Assembly (DUN) on Thursday (April 25), has been seen as a cynical and hypocritical act.

Fahmi: Terengganu’s decision to reject Territorial Sea Act 2012 cynical, hypocritical

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

Tang Wei Lynn

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