<div class=newsTextDataWrapInner>Bursa queries Kanger on share price fall, volume rise</div>

<div class=newsTextDataWrapInner>&nbsp;</div>
</div><div class=inPageAd id=div-gpt-ad-inpage>

Bursa queries Kanger on share price fall, volume rise

 
...

Bursa queries Kanger on share price fall, volume rise

Dewan Negara president Datuk Mutang Tagal died at the National Heart Institute (IJN) here at 11.46am on Friday. He was 69.

Dewan Negara president Mutang Tagal passes away

MANILA (May 10): The Philippines’ national security adviser called on Friday for Chinese diplomats to be expelled over an alleged leak of a phone conversation with a Filipino admiral, in a significant escalation of a bitter row over the South China Sea.

Philippines calls for expelling of Chinese diplomats as South China Sea row escalates

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 says recession ended with stronger-than-expected growth

Japan's consumer spending fell for the 13th straight month in March, creating challenges for policymakers who are seeking to drive stronger real wage growth, a prerequisite for additional central bank rate hikes.

Japan's consumer spending extends declines, clouding outlook for BOJ rate hikes

Taiwan Semiconductor Manufacturing Co (TSMC) saw April sales jump 60% to NT$236 billion (RM34.49 billion) as sustained artificial intelligence (AI) demand was helped by the beginnings of a recovery in consumer electronics.

TSMC keeps sales growth up in April as AI drives 60% jump

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.

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

Malaysia should move faster to build a robust ecosystem to drive the development and adoption of artificial intelligence (AI) technology in the current post-normal era, said Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia should move faster to build robust ecosystem to drive AI development, adoption, says PM

KUALA LUMPUR (May 10):  theedgemalaysia.com highlighted three stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.  

The stocks with positive momentum were:

    Kuchai Development Bhd [KL: ...

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

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 obtained through misappropriated funds.

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

Preparations for Saturday's polling day for the Kuala Kubu Baharu (KKB) by-election are running smoothly, said Election Commission (EC) secretary Datuk Ikmalrudin Ishak.

KKB by-election: Polling day preparations running smoothly, says EC

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.

HLIB says Genting is undervalued, target price RM7.12

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.

MCE Holdings surges to highest in at least two decades

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.

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

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.

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

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.

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

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;

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

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.

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

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.

Phillip Capital raises target price for Pentamaster to RM6.23 

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.

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

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.

Asia stocks rally on renewed global rate cut optimism

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.

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

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 obtained through misappropriated funds.

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.

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

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.

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

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.

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

MIDF Amanah Investment Bank started coverage of Allianz Malaysia Bhd (KL:ALLIANZ) with an above-consensus target price of RM23.37, citing stronger-than-average insurance growth and solid dividend yields.

MIDF starts coverage of Allianz Malaysia with above-consensus target price

Aggressive tariff rises under a possible second Donald Trump presidency would likely result in a reduction in US and global output in comparison to an illustrative baseline scenario with no further increases, according to Fitch Ratings.

US-led tariff hikes under renewed trade war would reduce US and world output, says Fitch

KUALA LUMPUR (May 10):&nbsp; theedgemalaysia.com highlighted three stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia's afternoon close on Friday. &nbsp;

The stocks with positive momentum were:

&nbsp;&nbsp;&nbsp; Kuchai Development Bhd [KL: ...

US President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.

Biden poised to impose tariffs on China EVs, strategic sectors, Bloomberg reports

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.