KUALA LUMPUR (Aug 23): Last Friday's move by the government to further relax Covid-19 restrictions for those fully vaxed, which include dine-ins, should help spur some recovery in stocks such as brewers, consumer staples, food and beverage and mall-based real estate investment trusts, Hong Leong ...

Easing of Covid-19 restrictions may benefit brewers, consumer staples, F&B, retail REITs, says HLIB Research

Profit-taking activities are noticeable ahead of the weekend. Both the FBM KLCI and FBM Small Cap Index were drifting lower, dictated by a lack of buying impetus in the market and uncertainties over the trade war between China and the US continuing to dampen sentiment.

Stocks to Watch: Daya Materials, Perdana Petroleum, Sapura Energy, FGV, MBM Resources

Oil and gas (O&G) counters continue to top the volume list on Bursa Malaysia this morning.

The two big O&G boys, Bumi Armada Bhd and Sapura Energy Bhd topped the most actively traded stocks list.

Stocks to Watch: O&G stocks, London Biscuits, PA Resources

Datuk Seri Najib Razak is set to hear the decision on whether he has to enter his defence in the RM42 million SRC International Sdn Bhd case at 10am, while attending the ongoing 1MDB-Tanore trial today.

Stocks to Watch: Pharmaniaga, Sapura Energy, Velesto, VSTECS, banks

KUALA LUMPUR (Nov 8): Record closes on Wall Street, given the mounting optimism that the US-China trade tension will ease soon, as the two countries have reached an agreement on removing tariffs that have been imposed in phases. Should things pan out as expected, this will augur well for the global economic outlook.

Despite that, the FBM KLCI opened on a soft note at 1,607.09, marginally lower on a rainy morning. The benchmark index, however, is still about six points above 1,600-level currently.

Stocks to watch: Spring Art, Sapura Energy, Pentamaster, Barakah

KUALA LUMPUR (Nov 7): The FBM KLCI remains at above 1,600-level at mid-morning today with minor gains, although most regional bourses are in the red. 

Gadang Bhd’s share price has rebounded recently after a 25% fall from this year’s peak of 90 sen. Interest in the construction stock that has emerged of late, pushes the stock to above 70 sen from the low of around 66 sen-level.

Stocks to watch: Gadang, Green Packet, Destini, London Biscuits

KUALA LUMPUR (Nov 4): Proton Holdings Bhd, in which DRB-Hicom Bhd holds a 50.1% stake, is confident of selling 100,000 cars this year, if not more.

For the January-October 2019 period, Proton had already sold 79,833 units. This is an impressive 46% year-on-year growth g...

Stocks to Watch — DRB-Hicom, Green Packet, Sumatec, Lotte Chemical Titan, Mudajaya

KUALA LUMPUR (March 10): theedgemarkets.com highlighted 15 stocks with momentum at Bursa Malaysia’s afternoon market close today. There were 14 stocks with negative momentum, while one stock displayed positive momentum.

The stock with positive momentum was:
 
REDtone ...

REDtone, Aluminium Co, Ancom, BHS, Chemical Co, Damansara Realty, Ekovest, Global Oriental, Guoco, Hwa Tai, IWCity, KUB, Leweko, Majuperak, PCCS 

SINGAPORE (July 16): Here are some stocks that could move the market this Friday morning:

Singapore Exchange (SGX) says its securities market will open per normal on Friday, after technical glitches forced the market shut from 11.38am on Thursday. Investors can now chec...

SGX, Ezra, Sapphire, First REIT, Singapore Myanmar Investco, China Everbright

SINGAPORE (July 14): Here are some stocks that could move the market this Thursday morning:

Olam International is to issue US$500 million ($674 million) of perpetual capital securities under its US$5 billion Euro Medium Term Note (EMTN) Programme. The securities bear a ...

Olam, Yanlord, SB REIT, CITIC Envirotech, Sim Lian, Duty Free, CMC Infocomm

INGAPORE (July 13): Here are some stocks that could move the market this Wednesday morning:

ST Engineering’s aerospace arm, ST Aerospace, has won $770 million worth of contracts in the second quarter. The projects include airframe cabin interiors maintenance, engine was...

T Engineering, Lifebrandz, OKP, FCL, Vard, Ausgroup

SINGAPORE (July 13): Here are some stocks that could move the market this Wednesday morning:

ST Engineering’s aerospace arm, ST Aerospace, has won $770 million worth of contracts in the second quarter. The projects include airframe cabin interiors maintenance, engine wa...

ST Engineering, Lifebrandz, OKP, FCL, Vard, Ausgroup

SINGAPORE (July 12): Here are some stocks that could move the market this Tuesday morning:

CapitaLand’s serviced residence business unit, The Ascott Limited, is acquiring its first serviced residence in Docklands, Melbourne as part of its A$500 million ($500 million) partnership with Qu...

CapitaLand, GLP, Chiwayland, Sembcorp, Cheung Woh, China Everbright Water

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

Hup Seng, SEGi, Hong Leong Industries, Pansar, Kawan Food, Malaysian Pacific Industries, S P Setia, Thong Guan, Iconic Worldwide, Pertama Digital

US parcel delivery giant UPS has enlisted the asset management arm of Wall Street titan Goldman Sachs to manage its US$43.4 billion (RM203.3 billion) pension fund assets in the US and Canada, the investment bank said on Thursday.

UPS taps Goldman Sachs to manage its US$43.4b pension funds 

The Dow crossed the 40,000 level for the first time on Thursday, notching a fresh all-time high and leading Wall Street gains a day after tepid inflation data bolstered hopes of interest-rate cuts.

Dow breaches 40,000 mark as rate-cut hopes fuel fresh record high

The number of Americans filing new claims for jobless benefits fell last week, unwinding nearly half of the jump at the start of the month, consistent with a gradually cooling labour market.

US labour market rebalancing, economy slowing further

Sunway Real Estate Investment Trust (KL:SUNREIT), which manages a diversified portfolio ranging from malls, hypermarkets to offices, said its net property income (NPI) fell 5.6% year-on-year to RM130.54 million for the first quarter ended March 31, 2024 (1QFY2024).

Sunway REIT's NPI drops 5.6% after sale of medical centre  

Pertama Digital Bhd (KL:PERTAMA), which runs the digital court bail payment system e-Jamin, said it is in discussions with the relevant authorities to allow the company to continue operating the system.

Pertama in talks to continue operating online bail system e-Jamin

AirAsia MOVE, the travel super-app by Capital A Bhd (KL:CAPITALA), has inked a memorandum of understanding with The Commune Mall to offer exclusive discounts spanning flights, hotels and rides deals to patrons of the mall.

AirAsia MOVE partners with The Commune Mall to offer exclusive deals to mall patrons

Singapore's first prime minister in 20 years held an initial cabinet meeting on Thursday after taking office with a pledge to sustain what he called the miracle of the wealthy city state amid an uncertain global environment.

Singapore's first new PM in 20 years holds inaugural cabinet meeting 

US industrial production stagnated in April, restrained by a drop in factory output that highlights a manufacturing sector struggling for traction.

US industrial production stagnates as factory output declines

Nine people have been charged in Britain for promoting unauthorised foreign exchange trading schemes on Instagram in the first crackdown on "finfluencers", the UK Financial Conduct Authority (FCA) said on Thursday.

UK charges nine in crackdown on 'finfluencers'

The construction of the Tanjong Karang-Assam Jawa section of Section 7 of the West Coast Expressway (WCE) has reached 71%, and is expected to be completed in March 2026.

Tanjong Karang-Assam Jawa section of West Coast Expressway ready in March 2026, says Nanta

KUALA LUMPUR (May 16): Hup Seng Industries Bhd (KL:HUPSENG) said its first quarter net profit rose 44.6% RM13.97 million, from RM9.65 million a year earlier, thanks to higher sales and lower material input costs.

Hup Seng’s 1Q net profit rises 45%; best quarterly earnings in six years

Sunway Real Estate Investment Trust (KL:SUNREIT), which manages a diversified portfolio ranging from malls, hypermarkets to offices, said its net property income (NPI) fell 5.6% year-on-year to RM130.54 million for the first quarter ended March 31, 2024 (1QFY2024).

Tomei Consolidated Bhd’s net profit jumped 76.38% to RM20.94 million in the first quarter ended March 31, 2024 (1QFY2024), from 11.87 million a year before, led by higher sales during the festive seasons — Chinese New Year and Hari Raya.

Tomei's 1Q net profit jumps 76% to RM20.94m, highest in two years

A&nbsp;summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI rises 0.49% to 1,611.11 on May 16, 2024

Engineering services group Seremban Engineering Bhd (SEB) has bagged a RM39.8 million contract to undertake civil, structural and architectural works and electrical works in Shah Alam.

Seremban Engineering clinches RM40 mil contract in Shah Alam

Chinese carmaker Beijing Automotive Group Co Ltd (BAIC) on Thursday launched its first two passenger car models for the Malaysian market, the X55 and BJ40 Plus.

BAIC launches X55, BJ40 Plus SUVs in Malaysia

Plastic packaging manufacturer Thong Guan Industries Bhd (KL:TGUAN) is teaming up with the Kedah State Development Corporation (PKNK) to jointly develop 221 units of shop and office lots with an estimated gross development value (GDV) of RM200 million.

Thong Guan teams up with Kedah agency to develop RM200m GDV property project

Malaysia’s economy is expected to expand at a faster pace in the first quarter (1Q) of 2024, supported by gradual rebound in domestic consumption.

Malaysia’s 1Q GDP to grow at a faster pace of 3.9%, survey shows

Kawan Food Bhd’s (KL:KAWAN) net profit in the first quarter ended March 31, 2024 (1QFY2024) rose 17.1% to RM9.22 million from RM7.88 million in the same quarter last year, in line with higher revenue.

Kawan Food reports stronger 1Q profit, warns ‘signs of recession’ showing in global economy

Iconic Medicare Sdn Bhd (IMED), a wholly-owned unit of Iconic Worldwide Bhd (KL:ICONIC), is suing Jovian Apparel Sdn Bhd over an alleged outstanding sum of RM4.96 million in unpaid face masks supplied by the company to the fashion retailer.&nbsp;

Iconic Worldwide unit sues Jovian Apparel over unpaid face masks totalling RM4.96m

<div class="ceonothumb mx-auto pb-5">
<div>
<div class="iframe-w100-wrapper"><iframe allowfullscreen="" frameborder="0" height="500" src="https://www.youtube.com/embed/F8csD6n7b_Y?si=EJn8MQBYV-CAV27h&amp;rel=0&amp;autoplay=1&amp;mute=1" width="840"></iframe></div>
</div>

E...

EVENING 5: Five things you need to know today

Property developer S P Setia Bhd (KL:SPSETIA) posted a 39.46% year-on-year jump in its net profit for the first quarter of the year, as it recorded stronger revenue, driven by higher contribution from both its domestic business as well as its operations in Vietnam.

S P Setia 1Q profit jumps 40% as revenue climbs, says on track to achieve RM4.4 bil sales target

(May 16):&nbsp;The Biden administration is initiating a suite of policies that it says will help foster a deeper domestic supply chain for solar panels, following pleas from US manufacturers confronting a surge of tariff-free imports.&nbsp;

Biden seeks to bolster solar manufacturers with tax and trade moves

Engineering support services provider Coraza Integrated Technology Bhd (KL:CORAZA) remained in the red for the third consecutive quarter, posting a net loss of RM1.32 million for the first quarter ended March 31, 2024.

Coraza stays in the red in 1Q amid semiconductor market downturn

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

Pansar Bhd (KL:PANSAR) has secured a RM30.1 million contract to undertake facilities management and maintenance for the Borneo Cultures Museum and annex building at the Sarawak Museum Complex in Kuching.

Pansar secures RM30m contract to manage museum building in Kuching

Hong Leong Industries Bhd’s (HLI) (KL:HLIND) net profit for its third financial quarter jumped 51% year-on-year, thanks to a RM25 million insurance compensation it received for the disruption caused by floods in its motorcycle business during the third quarter of FY2022.

Hong Leong Industries posts 51% jump in 3Q net profit on RM25m insurance compensation

The Malaysian Anti-Corruption Commission (MACC) on Wednesday detained the former chief executive officer of a statutory body on suspicion of abusing power and misappropriating funds allocated by the Ministry of Finance (MOF) for a development project worth RM1.2 billion.

Ex-CEO of statutory board nabbed over alleged misappropriation of RM1.2b MOF funds

Malaysian Pacific Industries Bhd (KL:MPI) posted a net profit of RM32.76 million for the third quarter ended March 31, 2024 (3QFY2024), in contrast to a net loss of RM17.83 million a year ago, thanks to higher revenue and better foreign exchange rates.

Stocks To Watch

‌
‌

Stocks To Watch

‌‌

‌
‌