<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 10): Hong Leong IB Research said Tomypak Holdings Bhd is a good proxy to potential recovery in consumer spending in 2H16 and still weak rinngit.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>In a gem picks note today, the research house said ascribing a 15% discount (due to smaller market cap) to Daibochi Plastic and Packaging Industry Bhd’s (direct competitor) P/B, Tomypak is fairly valued at RM3.02 (Ex-rights FV is RM2.35), supported by a yield of 3.5% and earnings CAGR of 13% for FY16-18.</p></div>

<div class=newsTextDataWrapInner><p>“We advise investors to participate in the rights issue to ride on the capacity expansion. Pricing of rights is attractive at 51% discount to RM2.04 (Theoretical ex-rights price/TERP).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Technically, the bullish downtrend line breakout is expected to lift share prices further towards RM2.73-3.00 zones in the short to medium term before reaching our long term objective of RM3.16 levels.</p></div>

<div class=newsTextDataWrapInner><p>“Key supports are RM2.40-2.47. Cut loss at RM2.33,” it said.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (May 10): Hong Leong IB Research said Tomypak Holdings Bhd is a good proxy to potential recovery in consumer spending in 2H16 and still weak rinngit. 

In a gem picks note today, the research house said ascribing a 15% discount (due to smaller market cap) to Daibochi Pl...

Tomypak good proxy to recovery in consumer spending in 2H2016, says HLIB Research 

Pakatan Harapan-DAP’s (PH-DAP) Pang Sock Tao has emerged victorious in the Kuala Kubu Baharu (KKB) state by-election, with a 3,869-vote margin over Perikatan Nasional-Bersatu (PN-Bersatu) candidate Khairul Azhari Saut.

PH wins in Kuala Kubu Baharu by-election with a majority of 3,869 votes

New bank lending in China fell more than expected in April from the previous month, the central bank has revealed on Saturday, even as it seeks to bolster the country's economic recovery in the coming months with new stimulus measures.

China's April new bank loans fall more than expected to 730 bil yuan

Former Republican presidential candidate Nikki Haley is under active consideration by Donald Trump's campaign to be his running mate, news site Axios reported on Saturday, citing unidentified people familiar with the situation.

Trump campaign considering Nikki Haley as running mate, Axios reports

The polling process for the Kuala Kubu Baharu (KKB) state by-election, which began at 8am on Saturday, concluded at 6pm when all 18 polling centres were closed.

Polling ends, vote-tallying process begins for Kuala Kubu Baharu by-election

Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following missed payments last week.

China's Country Garden repays onshore coupons within grace period

Bursa Malaysia’s average daily trading value (ADTV) jumped 42% to RM2.9 billion in the first four months of 2024 (4M2024), showing the vibrancy of the local equity market since early this year.

Bursa's average daily trading value jumps 42% to RM2.9b in 4M2024

The Ministry of Transport (MOT) has never allowed any e-hailing service provider to use the price bidding system for passengers in the country, said Minister Anthony Loke Siew Fook.

Loke says e-hailing price bidding system never approved by MOT

Prime Minister Datuk Seri Anwar Ibrahim will undertake an official visit to Qatar from Sunday to Tuesday aimed at strengthening the long-standing relations and multifaceted cooperation between Malaysia and Qatar, said the Foreign Ministry.

Anwar to undertake official visit to Qatar from Sunday to Tuesday

A viral message claiming that Malaysia is the first Asean member country sanctioned by the US is fake, according to Communications Minister Fahmi Fadzil.

Viral message of US imposing sanctions on Malaysia is fake, says Fahmi

Polling for the Kuala Kubu Baharu (KKB) by-election saw 55.79% voter turnout as at 4pm on Saturday, as observers kept an eye on whether it could breach the 68.3% turnout seen in the 2023 Selangor state polls.

Kuala Kubu Baharu by-election: 55.79% turnout at 4pm

<p>Long considered a tech hinterland, Southeast Asia is fast emerging as a centre of gravity for the industry.</p>


Tech giants starting to treat Southeast Asia like next big thing, Bloomberg reports

<p>A news report attributed to <em>Reuters</em> that Malaysia is the first country in Southeast Asia to be listed by the US as a state sponsor of terror is false.&nbsp;</p>


Reuters says report on Malaysia listed as state sponsor of terror is false

<p>Pakatan Harapan-DAP’s (PH-DAP) Pang Sock Tao has emerged victorious in the Kuala Kubu Baharu (KKB) state by-election,&nbsp;with a&nbsp;3,869-vote margin over Perikatan Nasional-Bersatu (PN-Bersatu) candidate Khairul Azhari Saut.</p>


<p>Bursa Malaysia’s average daily trading value (ADTV) jumped 42% to RM2.9 billion in the first four months of 2024 (4M2024), showing the vibrancy of the local equity&nbsp;market since early this year.</p>


<p>The Ministry of Transport (MOT) has never allowed any e-hailing&nbsp;service provider to use the price bidding system for passengers in the country, said Minister Anthony Loke Siew Fook.</p>


<p>A viral message claiming that Malaysia is the first Asean member country sanctioned by the US is fake, according to Communications Minister Fahmi Fadzil.</p>


<p>The polling process for the Kuala Kubu Baharu (KKB) state by-election, which began at 8am on Saturday, concluded at 6pm when all 18 polling centres were closed.</p>


<p>The Kuala Kubu Baharu by-election results will be known as early as 9pm on Saturday, said Election Commission (EC) deputy chairman Dr Azmi Sharom.</p>


Kuala Kubu Baharu by-election results expected to be known as early as 9pm

<p>Prime Minister Datuk Seri Anwar Ibrahim will undertake an official visit to Qatar from Sunday to Tuesday aimed at strengthening&nbsp;the long-standing relations and multifaceted cooperation between Malaysia and Qatar, said the Foreign Ministry.</p>


<p>China’s consumer inflation quickened in April, holding above zero for a third month, while industrial prices extended a long decline that highlights weak demand in the economy. &nbsp;</p>


China's consumer inflation edges up, factory prices extend slump

<p>Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following missed payments last week.</p>


<p>New bank lending in&nbsp;China&nbsp;fell more than expected in April from the previous month, the central bank has revealed on Saturday, even as it seeks to bolster the country's economic recovery in the coming months with new stimulus measures.</p>


<p>Former Republican presidential candidate Nikki Haley is under active consideration by Donald Trump's campaign to be his running mate, news site <em>Axios</em> reported on Saturday, citing unidentified people familiar with the situation.</p>
