<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 6): RHB Retail Research said OpenSys Bhd is eyeing to extend the upside movement after testing the 38 sen immediate resistance on Tuesday on strong volume — it is the stock’s fifth time hitting the resistance level since August 2023.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note on Wednesday, the research house said that if a breakout occurs above this level, bullish momentum may accelerate to drive the stock upwards towards the 40 sen resistance level, followed by the next one at 41.5 sen.</p></div>

<div class=newsTextDataWrapInner><p>“However, a fall below the 35.5 sen support would negate the bullish structure,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

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RHB Retail Research said OpenSys Bhd is eyeing to extend the upside movement after testing the 38 sen immediate resistance on Tuesday on strong volume — it is the stock’s fifth time hitting the resistance level since August 2023.

OpenSys eyeing to extend upside movement, says RHB Retail Research 

The CEO Action Network (CAN) on May 15 launched the first diversity, equity and inclusion (DEI) implementation guide in Malaysia that takes into consideration local contexts and needs.

CEO Action Network launches Malaysia's first diversity, equity, inclusion implementation guide

TOKYO (May 17): Bank of Japan governor Kazuo Ueda said the central bank has no immediate plan to sell its huge holdings of exchange-traded funds (ETFs), which is drawing increased attention as a potential source of revenue to fund government initiatives.

Bank of Japan in no rush to sell risky asset holdings

PHILIP Morris International (PMI), one of the biggest tobacco companies in the world, has been seeing robust demand for its heated tobacco products (HTPs), first launched 10 years ago in Japan, where there has been a significant decline in cigarette sales following the introduction of IQOS — its ...

Philip Morris aims to replicate its Japan success with IQOS in Malaysia

Asian stocks inched lower on Friday as traders pondered the near term US monetary policy path after Federal Reserve (Fed) officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing.

Asian stocks ease on uncertainty over timing of US rate cuts

Oil demand will rise further in the medium term, according to Rystad Energy.

In a statement on Thursday, the Oslo-based energy consulting firm said low-carbon alternatives are not yet sufficiently developed or economically competitive to offset the growing demand for transportation and industrial services.

Oil demand will rise further in medium term, says Rystad Energy

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.

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

Shares of S P Setia Bhd (KL:SPSETIA) soared to their highest in nearly six years after the property developer reported a 39% year-on-year gain in net profit for the first quarter of the year.

S P Setia soars to near six-year high after 39% gain in 1Q profit

Shares of Hong Leong Industries Bhd (KL:HLIND) 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.

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

Shares of India’s vaunted IT outsourcing firms are facing a reality check, as global investors’ rush into the artificial intelligence (AI) theme starts to leave pricey old-economy tech stocks behind.

Lack of AI is reducing India software stocks’ heft as tech bets

Shares of Malaysian Pacific Industries Bhd (KL:MPI) climbed to their highest in 15 months after the semiconductor company returned to the black in the three months ended March 31, 2024.

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

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday.</p>


Hup Seng, SEGi, Hong Leong Industries, Pansar, Kawan Food, Malaysian Pacific Industries, S P Setia, Thong Guan, Iconic Worldwide, Pertama Digital

<p>Pertama Digital Bhd (KL:PERTAMA), which runs the digital court bail payment system e-Jamin, said it is in discussions with the relevant authorities to allow the company to continue operating the system.</p>


Pertama in talks to continue operating online bail system e-Jamin

<p>Asian stocks inched lower on Friday as traders pondered the near term US monetary policy path after Federal Reserve (Fed) officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing.</p>


<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>The Dow reached an intra-day high of 40,000 for the first time on Thursday, but it ended lower after paring earlier gains, as investor hopes of interest-rate cuts by the Federal Reserve (Fed) were buoyed by data showing inflation slowdown, as well as strong corporate earnings results.</p>


Dow hits milestone 40,000 mark as rate-cut hopes fuel rally

<p>Noland Arbaugh still doesn’t quite know what happened. He doesn’t know many of the key details about how his life took such a drastic and now extraordinary turn. How he became Noland Arbaugh, celebrity cyborg.</p>


Neuralink’s first patient: ‘It blows my mind so much’

<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>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>Shut out of US markets and under fire in Europe, China’s electric carmakers are zeroing in on the countries where they’re welcome. One of the big ones is Brazil.</p>


Chinese EV giants hammered by Biden tariff are welcome in Brazil

<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>


<p>Shares of S P Setia Bhd (KL:SPSETIA) soared to their highest in nearly six years after the property developer reported a 39% year-on-year gain in net profit for the first quarter of the year.</p>


<p>Shares of Hong Leong Industries Bhd (KL:HLIND) 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.</p>


<p>Shares of Malaysian Pacific Industries Bhd (KL:MPI) climbed to their highest in 15 months after the semiconductor company returned to the black in the three months ended March 31, 2024.</p>


<p>The first Hong Kong exchange-traded funds (ETFs) investing directly in crypto have so far failed to spark the kind of excitement that greeted rival US products, a blow for the city’s push to foster a preeminent digital-asset hub.</p>


Hong Kong’s shaky crypto ETF debuts dent global hub aspirations

<p>A suitable list of names for the position of the Election Commission (EC) chairman should be submitted to the Special Parliamentary Select Committee on Human Rights, Elections, and Institutional Reform for vetting before being proposed to the Yang di-Pertuan Agong (YDPA) for consideration as per Article 114 of the Federal Constitution.</p>


List of EC chairman candidates must be vetted before being submitted to Agong

<p>Two voice actors sued artificial intelligence (AI) startup Lovo in Manhattan federal court on Thursday, accusing the company of illegally copying their voices and using them without permission in its AI voiceover technology.</p>


AI voiceover company stole voices of actors, New York lawsuit claims

<p>US parcel delivery giant UPS has enlisted the asset management arm of Wall Street titan Goldman Sachs to manage its US$43.4 billion (RM203.3 billion) pension fund assets in the US and Canada, the investment bank said on Thursday.</p>


UPS taps Goldman Sachs to manage its US$43.4b pension funds 

<p>A victory by Donald Trump in the Nov 5 presidential election would jeopardise a projected US$1 trillion (RM4.69 trillion) in low-carbon energy investments and carbon emissions would be one billion tonnes more by 2050 than under current policies, according to a new analysis by Wood Mackenzie published on Thursday.</p>


A Trump presidency would risk US$1 trillion in clean energy investment, WoodMac says

<p>Shares of India’s vaunted IT outsourcing firms are facing a reality check, as global investors’ rush into the artificial intelligence (AI) theme starts to leave pricey old-economy tech stocks behind.</p>


<p>Donald Trump’s lawyer at his hush money trial grilled Michael Cohen for hours on the witness stand Thursday about possible inconsistencies in his testimony and his well-documented history of lying under oath.</p>
