<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 18): Shares of Gadang Holdings Bhd rose 2.02% in the morning trades today after RHB Research Institute Sdn Bhd maintained its "buy" rating on the stock with a higher target price of RM3.50 (from RM3.10) and said Gadang's medium-term earnings visibility is backed by its solid outstanding construction order book and unbilled property sales.</p></div>

<div class=newsTextDataWrapInner><p>In a note today, the research said it also deemed the latest Kwasa Land rights award as value-accretive.</p></div>

<div class=newsTextDataWrapInner><p>"We raise our target price to RM3.50 (from RM3.10, 18% upside) post our earnings revisions, GDV update and a re-rating of its construction segment target P/E to 10x (from 9x).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"We reiterate 'buy' given its solid earnings visibility and undemanding valuation," it said.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Oct 18): Shares of Gadang Holdings Bhd rose 2.02% in the morning trades today after RHB Research Institute Sdn Bhd maintained its "buy" rating on the stock with a higher target price of RM3.50 (from RM3.10) and said Gadang's medium-term earnings visibility is backed by its solid out...

Gadang gains 2.02% on Kwasa Land development rights

If the past three years have taught us anything, it is that low inflation cannot be taken for granted.

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Two men were arrested on Friday for attempting to trespass into Istana Negara.

In a statement on Friday, Kuala Lumpur police chief Commissioner Datuk Rusdi Mohd Isa said a police officer had stopped a Perodua Kembara vehicle that had attempted to enter Gate 3 of Istana Negara with the passengers intending to meet the King.

Two men arrested for attempting to trespass into Istana Negara

The suspect killed in the attack at the Ulu Tiram police station, here on Friday, was believed to have acted alone, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Suspect in Ulu Tiram police station attack acted alone, says Saifuddin Nasution

Crypto lender Genesis Global received court approval on Friday to return about US$3 billion (RM14.06 billion) in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery from the bankruptcy.

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Seven individuals, including a Singaporean, were remanded for seven days from Saturday until May 24, to assist in the investigation into the attack on the Ulu Tiram police station, early on Friday morning.

Ulu Tiram police station attack: Singaporean among seven remanded

If an exciting race, a packed crowd with A-list bristle, and a surprise winner was the happening event Formula One needed in America, then the Miami Grand Prix delivered in spades. But that’s not all a scorching afternoon in the Florida sunshine achieved; it also added fuel to the “end of empire” feeling about Red Bull’s domination of the sport.

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Home Minister Datuk Seri Saifuddin Nasution Ismail has given his assurance that the Jemaah Islamiyah (JI) movement in the country is still under control.

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Genting Singapore has confirmed its interest in developing an integrated resort (IR) development in the United Arab Emirates (UAE), as per its executive chairman Tan Sri Lim Kok Thay’s comments to shareholder queries at the gaming group’s annual general meeting (AGM) last Friday.

Genting Singapore keen on UAE casino resort development

Spot silver surpassed US$30 an ounce to hit the highest level in more than a decade.

The precious metal closed 6.5% higher at US$31.49 an ounce Friday, the highest since February 2013. It has soared 32% this year, outpacing gold and making it one of the year’s best-performing major commodities.

Spot silver tops US$30 an ounce to hit highest since 2013

The seven individuals who were arrested on Friday over an attack at the Ulu Tiram police station here will be brought to the Magistrate's Court here on Saturday to obtain a remand order.

Ulu Tiram police station attack: Seven individuals to be taken to court for remand

<p>The slide in Kuala Lumpur International Airport (KLIA)’s position on the list of the World's Top 100 Airports over the last decade is just a symptom of bigger problems in the management and structure of the airport industry in Malaysia.</p>


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<p>Genting Singapore has confirmed its interest in developing an integrated resort (IR) development in the United Arab Emirates (UAE), as per its executive chairman Tan Sri Lim Kok Thay’s comments to shareholder queries at the gaming group’s annual general meeting (AGM) last Friday.</p>


<p>A US company has become the world’s most valuable solar manufacturer for the first time since 2018, as Chinese rivals suffer from a profit-slashing price war and an onslaught of trade barriers erected by Washington.</p>


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<p>A rebound that has taken the US stock market to record highs this week may have further to run, if history is any guide.</p>


Stock market's record-setting rebound may have further to go

<p>The seven individuals who were arrested on Friday over an attack at the Ulu Tiram police station here will be brought to the Magistrate's Court here on Saturday to obtain a remand order.</p>


<p>World stock indexes were nearly flat while US Treasury yields rose on Friday as investors tried to assess the timing of potential interest rate cuts by the Federal Reserve (Fed) this year.</p>


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<p>The suspect killed in the attack at the Ulu Tiram police station, here on Friday, was believed to have acted alone, said Home Minister Datuk Seri Saifuddin Nasution Ismail.</p>


<p>Seven individuals, including a Singaporean, were remanded for seven days from Saturday until May 24, to assist in the investigation into the attack on the Ulu Tiram police station, early on Friday morning.</p>


<p>As the local stock market edged higher, investors will be closely monitoring the financial performance of listed firms to justify the ongoing rally with the <b>FBM KLCI</b> reaching a multi-year high of 1,619.45 points last Friday in intra-day trade. The better-than-expected Malaysian economic growth of 4.2% in 1Q2024, which was released last Friday, is expected to help sustain the positive market sentiment.</p>


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<p>Traders are keeping a close eye on flows into equities from the retail crowd as stocks hover near record highs and meme stocks popped and then fizzled this week.</p>


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<p>Two men were arrested on Friday for attempting to trespass into Istana Negara.</p>

<p>In a statement on Friday, Kuala Lumpur police chief Commissioner Datuk Rusdi Mohd Isa said a police officer had stopped a Perodua Kembara vehicle that had attempted to enter Gate 3 of Istana Negara with the passengers intending to meet the King.</p>


<p>The Dow Jones industrial average closed above the 40,000 mark for the first time on Friday, with other major indexes also scoring weekly gains, as data supported expectations for interest rate cuts by the Federal Reserve (Fed) this year.</p>


Dow ends above 40,000 milestone, indexes notch up weekly gains

<p>Home Minister Datuk Seri Saifuddin Nasution Ismail has given his assurance that the Jemaah Islamiyah (JI) movement in the country is still under control.</p>


<p>The US Justice Department and TikTok on Friday asked a US appeals court to set a fast-track schedule to consider the legal challenges to a new law requiring Chinese-based ByteDance to divest TikTok's US assets by Jan 19 or face a ban.</p>


US, TikTok seek fast-track schedule, ruling by Dec 6 on potential ban

<p>Citigroup Inc was accused in a lawsuit of racial discrimination for its policy of waiving ATM fees for customers of minority-owned banks.</p>


Citi hit with racial bias suit from a conservative law firm

<p>Mercedes-Benz Group AG employees in Alabama voted against joining the United Auto Workers, a major blow to the union’s recently reinvigorated efforts to grow its ranks.</p>


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<p>Spot silver surpassed US$30 an ounce to hit the highest level in more than a decade.</p>

<p>The precious metal closed 6.5% higher at US$31.49 an ounce Friday, the highest since February 2013. It has soared 32% this year, outpacing gold and making it one of the year’s best-performing major commodities.</p>


<p>Crypto lender Genesis Global received court approval on Friday to return about US$3 billion (RM14.06 billion) in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery from the bankruptcy.</p>


<p>The US awarded contracts for the purchase of 3.3 million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) after a massive sale from the stockpile in 2022, the Department of Energy said on Friday.</p>


US to buy 3.3 million barrels of oil for Strategic Petroleum Reserve

<p>North Korean leader Kim Jong Un oversaw the test of tactical ballistic missiles with new guidance technology on Friday, state media <em>KCNA </em>said on Saturday.</p>
