<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 4): RHB Retail Research said Dufu Technology Corp Bhd is resuming the upside movement after breaking past the resistance with a bullish candlestick.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note on Monday, the research house said that on last Friday, the stock climbed above the RM1.80 resistance and charted a long bullish candlestick.</p></div>

<div class=newsTextDataWrapInner><p>“The price action suggests the correction is over and the bulls are having the upper hand now.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The renewed momentum should lift the stock towards RM1.90, followed by the RM2 mark.</p></div>

<div class=newsTextDataWrapInner><p>“On the other hand, falling below the RM1.72 support will resume the bearish phase,” it said.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


RHB Retail Research said Dufu Technology Corp Bhd is resuming the upside movement after breaking past the resistance with a bullish candlestick.

Dufu resuming upside movement, says RHB Retail Research

The Dewan Rakyat Special Select Committee (PSSC) on Human Rights, Elections, and Institutional Reforms has agreed that the process of appointing the new chairperson of the Election Commission (EC) should be conducted openly, and in consultation with Parliament.

EC chair appointment: Parliamentary committee agrees to have open process

ASTANA, Kazakhstan (May 17): The business community should continue to explore business opportunities and new investments in Kazakhstan, the largest country in Central Asia, said Prime Minister Datuk Seri Anwar Ibrahim.

PM: Business community should explore new investments in Kazakhstan

Tan Sri Mokhzani Mahathir will step down as the non-executive chairman of Maxis Bhd (KL:MAXIS), effective from June 30, after 15 years sitting on the board of the company.

Mokhzani Mahathir to step down as Maxis chairman after 15 years on board

German arms producers will need help from the government if they are to reduce their dependency on Chinese materials and still be able to compete with US companies, Germany's defence industry association said.

German defence industry says it will need govt help to reduce dependence on China

KOTA KINABALU (May 17): The Communications Ministry, through the Malaysian Communications and Multimedia Commission (MCMC), has taken proactive measures and interventions to resolve issues and expedite the construction of telecommunication towers in Sabah.

Fahmi: Proactive steps taken to resolve problems in constructing Sabah telecom towers

Sarawak is engaging with credible international organisations and the World Bank before finalising the region’s carbon trade protocol.

Sarawak Premier Tan Sri Abang Johari Tun Openg said carbon trading is still new, and the region is exploring all legal parameters.

Sarawak studying carbon trade protocol, says Abang Johari

Construction firm and bus operator Epicon Bhd (KL:EPICON) has secured a RM50 million sub-construction contract for structural reinforced concrete works.

Epicon secures RM50m contract for structural reinforced concrete works

The Tourism, Arts and Culture Ministry (Motac) will immediately revoke the licences of travel agencies found to be misusing tourist and umrah visas for haj purposes.

Motac to revoke licence of travel agencies misusing tourist, umrah visas for haj 

The Securities Commission Malaysia (SC) has raised concerns that nearly one-third of Malaysians are at risk of falling victim to investment scams.  

The SC’s study, which surveyed 1,302 individuals, underscores the urgent need for improved investment literacy at an early age, especially targeting individuals who are 18 years old and below.

Nearly one-third of Malaysians prone to investment scams, study shows

MOSCOW (May 17): Ukraine mounted an unusually large wave of overnight drone attacks on Russia that killed two people in the Belgorod region and set fire to an oil refinery at Tuapse on the Black Sea, Russian officials said on Friday.

Big wave of Ukrainian drones kills two in Russia, causes refinery fire

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

<p>Malaysia’s economic growth accelerated faster than expected in the first three months of 2024, thanks to higher household spending, stronger investment activities, improvement in labour market conditions, and higher exports and tourist arrivals.</p>


Malaysia's 1Q GDP beats consensus estimates, grows 4.2% y-o-y

<p>The male suspect who was shot dead in the attack at the Ulu Tiram Police Station here earlier on Friday is believed to be a member of Jemaah Islamiyah.</p>


Suspect in Ulu Tiram police station attack believed to be member of Jemaah Islamiyah, says IGP

<p>Two policemen were killed and another was injured in an attack on the Ulu Tiram Police Station early on Friday morning.</p>

<p>State police chief Commissioner M Kumar confirmed the incident, stating that it occurred at 2.45am and involved a masked intruder armed with pistols and a machete.</p>


Two policemen killed in attack at Ulu Tiram police station

<p>Shares in S P Setia Bhd (KL:SPSETIA) soared to their highest in nearly six years on Friday, as analysts continue to advise investors to buy the stock, even as its share rice has nearly doubled so far this year.</p>


S P Setia soars to near six-year high as analysts bet on extended rally

<p>BWYS Group Bhd has signed an agreement with M&amp;A Securities Sdn Bhd to underwrite the sheet metal products manufacturer and scaffoldings supplier's upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.</p>


BWYS Group signs underwriting agreement with M&A Securities for ACE Market IPO

<p>Hong Leong Investment Bank (HLIB) Research said the anticipated rebound in construction activities, particularly in railway projects, is expected to generate more contract opportunities for companies like Econpile Holdings Bhd (KL:ECONBHD).</p>


Econpile to ride on construction upcycle, says HLIB 

<p>PPB Group Bhd (KL:PPB) is planning to invest RM327 million in its film exhibition and distribution segment, which houses Golden Screen Cinemas, over the next five years.</p>


PPB Group to invest RM327 mil in film segment over next five years

<p>Shares of Hup Seng Industries Bhd (KL:HUPSENG) climbed to their highest in nearly three years after the biscuit maker reported that its net profit surged 45% year-on-year in the first quarter.</p>


Hup Seng shares climb to near three-year high after 1Q profit surge

<p>theedgemalaysia.com highlighted three stocks with positive momentum and eight stocks with negative momentum at Bursa Malaysia's afternoon close on Friday. &nbsp;</p>


Datasonic, Fiamma, Wong Engineering, Oppstar, Southern Acid, DKSH, BIG Industries, SKP, Infraharta, Beshom, KYM

<p>KUALA LUMPUR (May 17): Sarawak Cable Bhd (KL:SCABLE) said that the memorandum of agreement (MOA) between the company and Serendib Capital Ltd (Serendib) had been validly terminated.</p>


Sarawak Cable says has found alternative white knight to Serendib

<p>(May 17):&nbsp;Suriname’s discovered oil resources now total more than 2.4 billion barrels of crude and liquids, and the nation has more than 12.5 trillion cubic feet of gas, according to Wood Mackenzie.</p>


Petronas-discovered Suriname oil resources seen totalling 2.4 billion barrels

<p>KUALA LUMPUR (May 17): Shares of Malaysian Pacific Industries Bhd (KL:MPI) climbed to their highest in 15 months, as analysts flagged stronger quarters ahead following the semiconductor company’s return to the black.</p>


Malaysian Pacific Industries climbs to 15-month high on return to profit

<p>KUALA LUMPUR (May 17): Shares of Hong Leong Industries Bhd (KL:HLIND), or HLI, climbed to near their record high on Friday, after the motorcycle assembler reported a 51% year-on-year jump in net profit for the three months ended March 31, 2024.</p>


Hong Leong Industries’ shares retest all-time high after profit jump

<p>Wireless carrier Maxis Bhd (KL:MAXIS) said on Friday its net profit rose 10% year-on-year (y-o-y) in the first quarter, thanks to higher service revenue and cost control, sending its shares to their highest in nearly three months.&nbsp;</p>


Maxis posts 10% rise in 1Q net profit on higher service revenue, declares four sen dividend

<p>Prime Minister Datuk Seri Anwar Ibrahim stressed that claims that 25% of the remaining shares in Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) would be owned by a pro-Zionist company are baseless.</p>


Anwar: Opposition's claims that pro-Israel company will own MAHB shares only to incite hatred

<p>Rakuten Trade said Poh Kong Holdings Bhd (KL:POHKONG) is back on the radar after it pushed out from the pennant pattern with a long white candle on Thursday.</p>


Poh Kong back on the radar, says Rakuten Trade 

<p>The International Monetary Fund (IMF) criticised the Biden administration’s decision to aggressively raise tariffs on some Chinese goods, underscoring its warning that tensions between the world’s top two economies risk hurting global trade and growth.</p>


IMF knocks Biden’s China tariffs as risk to US, world growth

<p>Prime Minister Datuk Seri Anwar Ibrahim wants firm action to be taken against anyone attempting to create chaos in Malaysia to the extent of causing deaths.</p>


Firm action will be taken against anyone who resorts to violence, says Anwar

<p>The Ministry of Transport (MOT) fully supports Khazanah Nasional Bhd and the Employee Provident Fund’s (EPF) move to privatise Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, as it will enable the implementation of strategic decisions more expeditiously, according to its minister Anthony Loke Siew Fook.</p>
