<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 29): CIMB IB Research has maintained its “Hold” rating on Hartalega Holdings Bhd at RM4.45 with a lower target price of RM4.25 (from RM4.75) and said Hartalega will be releasing its 4QFY3/16 results on 3 May 2016.</p></div>

<div class=newsTextDataWrapInner><p>In a note yesterday, the research said it believes Hartalega’s 4Q net profit will be in the range of RM60 million-RM65 million, below house expectations.</p></div>

<div class=newsTextDataWrapInner><p>It said the likely q-o-q weaker earnings could be due to lower average selling prices, as well as increase in operating costs (higher gestation cost for NGC and increase in workforce).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The group is delaying the installation of new lines in Plants 3 and 4 from two lines per month to two lines in 1.5 months, with installation due to start in Aug 2016.</p></div>

<div class=newsTextDataWrapInner><p>“Hence, we lower our EPS estimates for FY16-18F by 7.2-11.1%. Maintain Hold with lower target price of RM4.25. We prefer Kossan Rubber Industries Bhd,” it said.</p></div>


KUALA LUMPUR (April 29): CIMB IB Research has maintained its “Hold” rating on Hartalega Holdings Bhd at RM4.45 with a lower target price of RM4.25 (from RM4.75) and said Hartalega will be releasing its 4QFY3/16 results on 3 May 2016.

In a note yesterday, the research said it believes Ha...

Hartalega 4Q earnings to range RM60-65m, says CIMB Research 

Bursa Malaysia stayed higher at midday on Tuesday, in line with regional bourses’ upbeat performance. 

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.02 points, or 0.32% to 1,564.61 from Monday's close of 1,559.59.

Bursa stays higher at midday in line with regional peers

AirAsia Consulting is planning further engagement with the International Finance Corporation (IFC), which is mandated to advise the Sri Lanka government on the divestiture of SriLankan Airlines Ltd.

AirAsia Consulting to further engage with IFC on SriLankan Airlines divestiture

Taiwan's quake-hit eastern county of Hualien was rattled by dozens of aftershocks late on Monday and early on Tuesday, but only minor damage was reported and no casualties and major chipmaker TSMC said it saw no impact on operations.

Taiwan rattled by dozens of quakes, but no major damage

Singapore has retained its top 'Maritime City' status, based on five elements — shipping centres, finance and law, technology, ports and logistics, and attractiveness and competitiveness.

Singapore retains top 'Maritime City' status

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 23)

Japanese Finance Minister Shunichi Suzuki said last week's meeting with his US and South Korean counterparts has laid the groundwork for Tokyo to act against excessive yen moves, issuing the strongest warning to date on the chance of intervention.

Japan issues strongest warning yet on readiness to intervene in currency market

ComfortDelGro Taxi and Gojek Singapore announced the official launch of their partnership. The announcement comes after both parties said that they were going to “jointly explore ways” to address key issues that were affecting the point-to-point transport industry on Nov 28, 2022.

ComfortDelGro and Gojek announce cross-dispatch model partnership in Singapore

Singapore Exchange is proposing a rule change to help shareholders call special general meetings as the city-state attempts to enhance corporate governance practices, the bourse's regulatory arm said on Tuesday.

Singapore Exchange proposes rule change to help investors call special meetings

Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.

Two helicopters crash in Lumut, 10 confirmed killed — RMN

Healthcare stocks still have legs to run following the recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.

KPJ near record high, IHH surges as analysts bet on more upside

<p>The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.</p>




<p>Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.</p>


Topmix surges 32% on ACE Market debut

<p>Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.</p>


<p>Brazil's government said on Monday that four additional poultry plants have been cleared to sell halal products to Malaysia, a move it hopes will allow exports to the Asian country to double when compared to last year's levels.</p>


Brazil says Malaysia clears four more halal poultry plants for export

<p>Investors scaled back safe-haven bets on Monday as worries over a wider Middle East conflict eased, boosting world equities and pressuring gold, oil and bond prices.</p>


Asian shares extend gains ahead of tech earnings, yen fragile

<p>Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.</p>


Malaysia’s construction tender prices to grow by 3% in 2024, says Turner & Townsend

<p>Hong Leong Investment Bank (HLIB) has a “trading buy” rating on SDS Group Bhd and said with 33 of its F&amp;B outlets situated across Johor state, and a wholesale segment that is focusing in this region, SDS appears strategically positioned to leverage the burgeoning vibrancy in Johor, propelled further by the continuous influx of visitors from Singapore.</p>


SDS strategically positioned to leverage burgeoning vibrancy in Johor, says HLIB 

<p>Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health.</p>


Wall Street stocks end higher with major corporate earnings in view

<p>South Korea is emerging as a closely watched weak link in the US$63 trillion (RM298.95 billion) world of shadow banking.</p>


Shadow banking stress in South Korea sends warning to global investors

<p>Bursa Malaysia opened higher on Tuesday, taking its cue from Wall Street’s better performance overnight, as sentiment improves after Iran said it will not escalate the conflict with Israel, said an analyst.</p>


Bursa up in early trade, tracking Wall Street overnight

<p>Datin Seri Rosmah Mansor's appeal against her guilty conviction and sentence over all three counts of graft pertaining to the RM1.25 billion solar hybrid project for 369 rural schools in Sarawak will be heard in October.</p>


October hearing for Rosmah's appeal in solar project graft trial

<p>Rakuten Trade has a “buy” rating on ACE Market-bound surface decorative products company Topmix Bhd at an initial public offering (IPO) price of 31 sen, with a fair value of 40 sen based on financial year 2024 (FY2024) forecast price-earnings (PE) of 15x, in line with industry peers.</p>


Rakuten Trade values Topmix at 40 sen, expects FY2023-FY2026 earnings to grow at CAGR of 25%

<p>Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.</p>


Ex-Umno leader ready to apologise in contempt of court case

<p>Healthcare stocks still have legs to run following the recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.</p>


<p>In Part 1, I outlined three possible scenarios for voter turnout and support for the DAP/PH/unity government candidate in the upcoming by-election in Kuala Kubu Baharu (KKB), out of which there is only one scenario where the incumbent manages to defend the seat. In this concluding part of this article, I will outline some of the likely and desired parameters of contestation during the campaign.</p>


Kuala Kubu Baharu by-election: The challenges for DAP, PH, unity government — Part 2

<p>US borrowers on lower incomes are increasingly struggling to keep up with their loan payments, according to recent data and bank executives, prompting banks to become more cautious about dishing out credit cards and car loans.</p>


US consumers on lower incomes face loan stress while banks pull back

<p>RHB Retail Research said Cloudpoint Technology Bhd is eyeing an uptrend movement after rebounding from the immediate support, testing the 64 sen immediate resistance level.</p>


Cloudpoint Technology eyeing uptrend movement, says RHB Retail Research 

<p>An Australian court has ordered X to hide some posts commenting on the stabbing of a bishop in Sydney, deepening a war of words between the social media platform's owner Elon Musk and Australian Prime Minister Anthony Albanese.</p>


Australia PM calls Musk 'arrogant billionaire' after court orders X to hide church stabbing posts

<p>Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.</p>


China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

<p>Malton Bhd has unveiled the final tower (Block B) of River Park, following the successful launch of its previous Tower A and Tower C blocks with more than 70% take-up rate.</p>
