<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 29): RHB Retail Research said TDM Bhd staged a bullish breakout and is eyeing to scale higher.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note on Thursday, the research house said that after consolidating sideways for the past one year, the counter managed to break past the 20 sen resistance.</p></div>

<div class=newsTextDataWrapInner><p>“We observe that trading volume has been increasing, showing the bulish momentum is picking up pace.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The renewed momentum should lift the stock towards 23 sen, followed by 24.5 sen. Conversely, falling below the 18 sen support will negate the bullish setup,” it said.</p></div>


RHB Retail Research said TDM Bhd staged a bullish breakout and is eyeing to scale higher.

TDM staged bullish breakout, says RHB Retail Research 

Transport Minister Anthony Loke announced that the redevelopment of the Kuala Lumpur Sentral Station (KL Sentral) will begin later this year.

KL Sentral Station redevelopment project to commence by year end — Loke

South Korea's foreign minister Cho Tae-yul will visit China between Monday and Tuesday next week at the invitation of his Chinese counterpart Wang Yi, Seoul's foreign ministry said on Friday.

South Korea's foreign minister to visit China next week

PKR vice-president Nik Nazmi Nik Ahmad has urged PAS secretary-general Datuk Seri Takiyuddin Hassan to refrain from resorting to cheap politics, such as spreading slander about Prime Minister Datuk Seri Anwar Ibrahim in an attempt to woo the people.

Nik Nazmi tells PAS sec-gen to stop resorting to cheap politics 

KUALA LUMPUR (May 10): The Malaysian Anti-Corruption Commission (MACC)said on Friday that the King has consented to the extension of Tan Sri Azam Baki’s contract as chief commissioner at the agency for another one year, beginning May 12, 2024.

More to come
...

Azam Baki’s contract as MACC chief commissioner extended for one year

Britain bounced back strongly from a shallow recession, providing some relief for Prime Minister Rishi Sunak who has so far struggled to deliver on his promise to grow the economy.

UK recession ends with strongest growth since end of lockdown

The Ministry of Education (MOE) is willing to consider proposals from all parties, including the National Union of Teaching Profession (NUTP), to release the 2023 Sijil Pelajaran Malaysia (SPM) results earlier than the scheduled date of May 27.

MOE to consider proposals to release SPM results earlier — Wong

Japan's Honda Motor Co forecast a 2.8% rise in operating profit for this financial year, after it exceeded analysts' estimates in the fourth quarter as strong sales growth in the US offset a decline in China.

Honda sees full-year profit rising 2.8%

KUALA LUMPUR (May 10): Bursa Malaysia’s all-time high indicates that measures under the Madani framework are building investor confidence, said Finance Minister II Senator Datuk Seri Amir Hamzah Azizan.

Bursa’s all-time high indicates Madani Framework is building investor confidence — Amir Hamzah

Supermax Corp Bhd’s (KL:SUPERMX) plan to take full control of its loss-making Canadian unit will drag on its balance sheet and income statement, Kenanga Investment Bank flagged.

Supermax's full acquisition of Canadian unit will drag on earnings — Kenanga

As India’s general election nears the halfway mark, falling voter turnout is prompting concerns about voter disengagement in the world’s largest poll.

India’s lower voter turnout raises questions of BJP fatigue

<p>Hong Leong Investment Bank (HLIB) Research has a “trading buy” rating on Genting Bhd (KL:GENTING) at RM4.52 with a target price of RM7.12 and said it continues to like Genting for its well-established operational presence across diverse regions, mitigating regulatory and country risks.</p>


HLIB says Genting is undervalued, target price RM7.12

<p>Shares of MCE Holdings Bhd (KL:MCEHLDG) rose to their highest in at least two decades after the automotive parts manufacturer said Brahmal Vasudevan of private equity firm Creador is its newest substantial shareholder.</p>


MCE Holdings surges to highest in at least two decades

<p>With signs of a simmering settlement with the government in one of the longest-standing civil land disputes in history dissipating, the Court of Appeal (COA) has fixed Sept 19 to hear the appeal by Semantan Estate (1952) Sdn Bhd in its seven-decade dispute over 263.272 acres of land along Jalan Duta that is currently occupied by public properties.</p>


No settlement in sight, Semantan Estate’s appeal to resume in September

<p>KUALA LUMPUR (May 10): Datin Seri Rosmah Mansor faces another legal action, this time revolving around from 1Malaysia Development Bhd (1MDB), SRC International Sdn Bhd and subsidiaries over luxury goods that were allegedly obtained through misappropriated funds.</p>


1MDB, SRC file fresh civil suit against Rosmah over US$350 mil luxury goods

<p>TA Securities has valued ACE Market-bound Smart Asia Chemical Bhd (SAC) at 12 times calendar year 2025 (CY2025) earnings per share (EPS), arriving at a fair value of 54 sen.</p>


TA Securities values ACE Market-bound Smart Asia Chemical at 54 sen 

<p>CIMB Securities Sdn Bhd, a unit of CIMB Group Holdings Bhd (KL:CIMB), said on Friday it is targeting “high” single-digit growth in market share by year end.</p>


CIMB Securities eyes single-digit growth in market share by year end

<p>Shares of Globetronics Technology Bhd [KL:GTRONIC] surged on Friday as analysts project a promising outlook for the group's earnings in the second half of the financial year 2024 (2HFY2024), despite first quarter performance below consensus expectations.&nbsp;</p>


Globetronics surges to one-month high as analysts project strong outlook for 2HFY2024

<p>SINGAPORE (May 10): Oversea-Chinese Banking Corporation Ltd (OCBC) has announced a S$1.4 billion voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings (GEH) that it does not currently own.</p>


Singapore’s OCBC makes privatisation bid for Great Eastern with S$25.60 offer price

<p>KUALA LUMPUR (May 10):&nbsp; <a href="https://theedgemalaysia.com/" target="_blank">theedgemalaysia.com</a> highlighted three stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia’s afternoon close on Friday. &nbsp;</p>


Kuchai, VSTECS, AHB, Mclean, Kluang, Prtasco, Skywld, Kobay

<p>The Dow Jones Industrial Average closed higher on Thursday, the seventh straight daily advance for the benchmark, as all three major US indexes gained after weekly jobless claims data offered fresh hope for interest-rate cuts.</p>


Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes

<p>Malaysia’s industrial output rose at a faster-than-expected pace in March from a year earlier with the manufacturing sector leading broad gains, the Department of Statistics Malaysia (DOSM) said on Friday.</p>


Malaysia's industrial output grows faster-than-expected in March, official data shows

<p>Phillip Capital has maintained its “buy” rating on Pentamaster Corp Bhd (KL:PENTA) at RM4.44 with a higher target price of RM6.23 (from RM5.65) and said Pentamaster’s first quarter of 2024 (1Q2024) core net profit of RM24 million was in line with its and consensus forecasts.</p>


Phillip Capital raises target price for Pentamaster to RM6.23 

<p>Inter-Pacific Research Sdn Bhd said that after a two-day consolidation, the key FBM KLCI index could mount a rebound to end the week on a firmer note.</p>


KLCI seen hovering between 1,600 and 1,610 on Friday

<p>World stocks rallied on Thursday, led by surging European shares and a larger-than-expected rise in US weekly jobless claims that buoyed interest rate cut hopes, while the dollar eased as the market awaits key inflation data next week.</p>


Asia stocks rally on renewed global rate cut optimism

<p>Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter profit and forecast its net interest margin at the higher end of a 2.20% to 2.25% range for the full year.</p>


Singapore's OCBC posts record 1Q profit, lifts margin guidance for 2024

<p>Apple Inc issued a rare apology for an advertisement touting its latest iPad Pro that upset many creatives and other customers. The company also said it won’t air the ad on television as planned.</p>


Apple apologises for iPad Pro ad, scraps plan to air it on TV

<h3>Directors’ duties with respect to&nbsp;financial statements</h3>

<p>In 2011, in the case of Australian Securities and Investments Commission v Healy &amp; Ors, the Federal Court of Australia delivered an important ruling and laid down important principles of law on the standard of care for th...

My Say: Court rulings on chairperson’s and directors’ duties raise cautions for holders of these posts

<p>KUALA LUMPUR/MUMBAI (May 10): Malaysia’s palm oil stocks increased at the end of April for the first time in six months, as production jumped despite a drop in exports, the industry regulator said on Friday.</p>


Malaysia’s palm oil stocks surge as output jumps despite weak exports

<p>Entities are expected to submit a declaration of compliance to the Securities Commission on the Guidelines on Technology Risk Management (GTRM) by the first quarter of 2025, as part of the regulator's commitment to promote cyber hygiene practices.</p>


Entities to submit compliance declaration on SC's Technology Risk Management Guidelines by 1Q 2025

<p>KUALA LUMPUR (May 10): The Malaysian Anti-Corruption Commission (MACC)said on Friday that the King has consented to the extension of Tan Sri Azam Baki’s contract as chief commissioner at the agency for another one year, beginning May 12, 2024.</p>

<p><em><strong>More to come</strong></em></p>...