<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 21): RHB Retail Research said Bahvest Resources Bhd may rebound further after it tested 67 sen support recently.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said in view that the 21-day SMA line will likely begin turning upward, this is an indication of a positive sign.</p></div>

<div class=newsTextDataWrapInner><p>“A bullish bias may appear above the 67 sen level, with an exit set below the 67 sen threshold.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Towards the upside, the near-term resistance is at 74 sen. This is followed by the 80 sen level,” it said.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (June 21): RHB Retail Research said Bahvest Resources Bhd may rebound further after it tested 67 sen support recently.

In a trading stocks note today, the research house said in view that the 21-day SMA line will likely begin turning upward, this is an indication of a posit...

Bahvest Resources may rebound further, RHB Retail Research

Global end-user spending on public cloud services is forecast to grow 20.4% to total US$675.4 billion (RM3.16 trillion) in 2024, up from US$561 billion in 2023, according to Gartner, Inc.

Global public cloud end-user spending to hit US$675b in 2024, says Gartner

Scarlett Johansson on Monday accused OpenAI of creating a voice for the ChatGPT system that sounded "eerily similar" to the actress after she declined to voice the chatbot herself.

Scarlett Johansson says OpenAI chatbot voice 'eerily similar' to hers

Shares of Menang Corp (M) Bhd (KL:MENANG) rose to its highest in nearly nine months after the property development and management company declared a special dividend amid six-year high quarterly earnings.

Menang shares closes in on nine-month high on special dividend, earnings

Automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH) made a strong debut on Bursa Malaysia’s Main Market at RM1.10, a premium of 30 sen or 37.5% over its initial public offering (IPO) price of 80 sen, with an opening volume of 25.15 million.

Feytech makes strong Main Market debut with 30 sen premium 

Malaysia and Japan are set to confirm their cooperation in strengthening semiconductor supply chains at a meeting later this week, according to Japanese daily The Mainachi.

Malaysia, Japan set to confirm semicon supply chain tie-up — report

KUALA LUMPUR (May 21): Rakuten Trade said Bahvest Resources Bhd (KL: BAHVEST) is poised for a potential bullish breakout from the U-shape pattern, targeting to surpass the neckline of 61 sen.

In a technical view note on Wednesday, the research said that in view of the increasing trading...

 Bahvest poised for a potential bullish breakout, says Rakuten Trade 

RHB Banking Group has launched Apple Pay for its customers in Malaysia.

RHB brings Apple Pay to customers in Malaysia

RHB sees strong growth potential for Sarawak Oil Palms.

MORNING CALL: 21/5/24

US auto safety investigators said on Monday they will investigate the April crash of a VinFast electric vehicle in Pleasanton, California, in which a family of four died.

US regulator to probe VinFast crash in California in which four died 

Northcape Capital Ltd said a bid by major shareholders to take Malaysia Airports Holdings Bhd private may face opposition due to the low valuation offered.

Malaysia Airports shareholder expresses doubt on takeover bid

<p>Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labour costs and a disastrous unlimited shrimp promotion.<br />
&nbsp;<br />
The Orlando, Florida-based company filed for Chapter 11 protection on Sunday (May 19), listing assets and liabilities of US$1 billion (RM4.68 billion) to US$10 billion each in its bankruptcy petition. The filing allows the company to keep operating while it works out a plan to repay creditors.&nbsp;</p>


Red Lobster chain goes bankrupt after unlimited shrimp deal

<p>KUALA LUMPUR (May 20): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:</p>


Hubline, Public Bank, Batu Kawan, KLK, Menang Corp, Kotra, Media Chinese, FGV, Magma Binasta, Bright Packaging, Annum, Pertama 

<p>Northcape Capital Ltd said a bid by major shareholders to take Malaysia Airports Holdings Bhd private may face opposition due to the low valuation offered.</p>


<p>Annum Bhd’s (KL:ANNUM) largest shareholder, Datuk Seri Chin Kok Foong, has disposed of his entire 14.83% stake in the Practice Note 17 (PN17) wood-based products manufacturer.</p>


Annum’s largest shareholder Chin Kok Foong exits group after selling 15% stake to Ageson's Larry Liew

<p>Engineering, procurement, commissioning and construction (EPCC) work has yet to begin on Toyo Ventures Holdings Bhd’s (KL:TOYOVEN) thermal power plant project in Vietnam, said Sunway Construction Group Bhd's (KL:SUNCON) stock exchange disclosure on Monday.</p>


EPCC work yet to start on Toyo’s Song Hau power plant, says SunCon

<p>Bright Packaging Industry Bhd’s (KL:BRIGHT) largest shareholder Datuk Ricky Wong Shee Kai, who has been embroiled in a legal battle with the Securities Commission Malaysia (SC), has trimmed his stake in the company after selling 20 million shares or 9.74% stake in the company.</p>


Fugitive businessman Ricky Wong trims stake in Bright Packaging amidst legal woes with SC

<p>The Nasdaq closed at a record high on Monday while the S&amp;P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve.</p>


Nasdaq hits record, S&P ticks higher with Nvidia results eyed

<p>A court in Sabah has struck out a man’s claim for RM24.92 million damages against FGV Holdings Bhd (KL:FGV) for alleged fraudulent transactions and trespass relating to land in the state held under a native title.</p>


Court strikes out man’s RM25 mil trespassing suit against FGV

<p>RHB Banking Group has launched Apple Pay for its customers in Malaysia.</p>


<p>Binastra Corp Bhd's (KL:BNASTRA) managing director and largest shareholder Datuk Tan Kak Seng has sold a 6% stake in the construction outfit for RM36 million.</p>


Binastra MD offloads 6% stake for RM36 mil

<p>Wall Street was mixed on Monday while gold jumped to an all-time high as investors weighed hawkish statements from the Federal Reserve against evidence of cooling US inflation.</p>


US stocks mixed amid cautious Fed comments, gold shines

<p>China is committed to deepening collaboration with Malaysia across various fields including economics, cultural exchange, tourism, education, and science and technology, said Chinese ambassador to Malaysia Ouyang Yujing.</p>


China ready to broaden partnership with Malaysia across various fields — envoy

<p>The cancellation of the permit for popular comedian Sharul Channa to perform in Malaysia by the Central Agency for Application for Filming and Performance by Foreign Artistes (Puspal) was made after taking into account police reports lodged over an old video of hers that allegedly touched on race, religion, and royalty (3R) issues, says Communications Minister Fahmi Fadzil.</p>


Cancellation of Sharul Channa's permit took into account police reports on video related to 3R issues — Fahmi

<p>Ether surged the most in 18 months, leading a rally in digital assets, amid growing speculation that opposition is easing among regulators toward approving one or more exchange-traded funds that invest directly in the second-biggest cryptocurrency.</p>


Ether jumps most in 18 months on speculation of ETF approval

<p>Malaysia and Japan are set to confirm their cooperation in strengthening semiconductor supply chains at a meeting later this week, according to Japanese daily <i>The Mainachi</i>.</p>


<p>Automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH) made a strong debut on Bursa Malaysia’s Main Market at RM1.10, a premium of 30 sen or 37.5% over its initial public offering (IPO) price of 80 sen, with an opening volume of 25.15 million.</p>


<p>The types of business which are most likely to use artificial intelligence are seeing growth in workers' productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said.</p>


AI-intensive sectors are showing a productivity surge, PwC says

<p>Coastal Contracts Bhd (KL:COASTAL) has secured the sale of an offshore support vessel (OSV) and a charter extension for a separate vessel.</p>


Coastal Contracts bags vessel sale, five-year charter extension

<p>Malaysia and the People's Republic of China have achieved significant milestones in the half-century of diplomatic relations, said Deputy Communications Minister Teo Nie Ching.</p>
