<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 19): RHB Retail Research said Greatech Technology Bhd showed signs of reversing from the recent pullback, after it bounced off its support yesterday.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said this confirmed a “higher low” structure.</p></div>

<div class=newsTextDataWrapInner><p>“Coupled with strong volume, it indicated that bullish momentum emerged above the RM5.78 resistanceturned-support level.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Bullish momentum may lift it towards the next resistance level of RM6.09, followed by RM6.34.</p></div>

<div class=newsTextDataWrapInner><p>“Meanwhile, if the support level of RM5.70 is broken, this expectation would be nullified,” it said.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


RHB Retail Research said Greatech Technology Bhd showed signs of reversing from the recent pullback, after it bounced off its support yesterday.

Greatech showing signs of reversing from recent pullback, says RHB Retail Research

KUALA LUMPUR (May 3): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Boustead Heavy Industries Corp Bhd’s (BHIC) planned disposal of its 20.77% stake in Lumut Naval Shipyard Sdn Bhd (Lunas) to the Ministry of F...

BHIC, Berjaya Corp, F&N, Pestech, PetGas, XOX, TT Vision, Uzma, SLP, WTK, Ranhill Utilities and Sarawak Cable

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Seventy-eight property owners in Hatten Square, Melaka, have obtained a summary judgement from the High Court there against the main developer, MDSA Development Sdn Bhd, which requires the company to pay them RM2.009 million in rental arrears for a mix of commercial and residential units, and the return of RM591,143.90 as payment for refurbishments that were never done.

Judge Mohd Radzi Abdul Hamid allowed the plaintiffs' application for a summary judgment as he ruled that there was no arguable case.

78 property owners obtain summary judgment against Hatten Square developer over unpaid rents, non-existent refurbishments

The Road Transport Department (RTD) has issued a recall notice for 600 units of Chery's Omoda 5 model vehicles, effective immediately, in response to a widely circulated incident on social media that occurred on April 28.

In a statement, the RTD announced that they have summoned Chery Corporate Malaysia Sdn Bhd to conduct a thorough investigation and gather additional information to ensure the safety of both vehicle owners and road users.

RTD issues immediate recall of 600 Chery Omoda 5 SUVs

The housing problem that has plagued 245 families involving five estates in Bestari Jaya (formerly Batang Berjuntai) in Hulu Selangor for decades will finally be resolved in the near future.

Housing and Local Government Minister Nga Kor Ming said the government will announce good news next week in relation to the estate workers who had been evicted without a home to live in.

Nga: Govt to announce good news on housing issue involving five estates in Bestari Jaya

Prime Minister Datuk Seri Anwar Ibrahim has never sidelined the Indian community in this country. In fact, he has increased allocations for them, said Deputy Entrepreneur Development and Cooperatives Minister Datuk R Ramanan.

Ramanan said that additional funds, such as RM30 million for the SPUMI Financing Scheme (SPUMI Goes Big) and a special fund of RM50 million from Amanah Ikhtiar Malaysia (AIM) for the Prosperty, Empowerment & New Normal For Indian Women (PENN) programme, set to benefit over 10,000 Indian women entrepreneurs, could not have been realised without the prime minister’s mandate.

PM has never sidelined Indian community, says Ramanan

Minister of Housing and Local Government Nga Kor Ming is ready to cooperate with the Election Commission (EC) in connection with complaints regarding the announcement on the allocation of RM5.21 million to the Hulu Selangor Municipal Council (MPHS).

He said the complaint, lodged by Perikatan Nasional (PN) that the announcement he made ahead of the Kuala Kubu Baharu (KKB) state by-election, should not have been an issue as it wasn't made during the campaign period.

KKB polls: Nga ready to cooperate with EC over allocation announcement

Foreign Minister Datuk Seri Mohamad Hasan will lead the Malaysian delegation as the representative of the Prime Minister Datuk Seri Anwar Ibrahim to the 15th Session of the Islamic Summit Conference in Banjul, The Gambia, scheduled for two days from May 4.

Foreign minister to represent PM at 15th Islamic Summit Conference in Banjul

Communications Minister Fahmi Fadzil said the government is aware of the need to reflect on many factors in balancing efforts to ensure press freedom while also combating defamation and the spread of false information.

Press freedom index: Govt to analyse report, formulate more robust efforts

The Umno Supreme Council which met on Friday has pledged to offer its full commitment to assist and support Pakatan Harapan (PH) candidate Pang Sock Tao who is representing the Unity Government in the Kuala Kubu Baharu by-election.

Umno secretary-general Datuk Dr Asyraf Wajdi Dusuki in a statement said the party will fully mobilise its election machinery from all divisions in Selangor and states led by the party.

Umno to mobilise machinery to assist, support Unity Govt's candidate in KKB by-election

<p>Naza Corp Holdings Sdn Bhd has completed the acquisition of a 100% stake in Berjaya Enviro Holdings Sdn Bhd (BEnviro) from Berjaya Corp Bhd for RM700 million in cash, marking its entry into the green economy with a focus on municipal and scheduled waste, as well as the waste-to-energy sector.</p>


Naza completes acquisition of waste management company from Berjaya for RM700m cash 

<p>Malaysia’s commitment to building its 5G network has given the country a world-class digital infrastructure, according to Telefonaktiebolaget LM Ericsson president and chief executive officer Börje Ekholm.</p>


Ericsson CEO hails Malaysia’s ‘world-class’ digital infrastructure

<p>Ranhill Utilities Bhd has declared a share dividend distribution on a basis of 0.5 share for every 100 shares held in the utility group.</p>


Ranhill declares share dividend distribution

<p>KUALA LUMPUR (May 3): There will be no water supply cut for multiple areas in Selangor, as the&nbsp;Sungai Selangor Water Treatment Plant (WTP) Phase 1 (SSP1) maintenance works originally slated to be carried out from May 14 to 16 have been postponed.</p>


Air Selangor: Phase 1 of river water treatment plant’s maintenance works postponed, no supply cut

<p>KUALA LUMPUR (May 3): Fraser &amp; Neave Holding Bhd (F&amp;N) said on Friday that the company will focus on fixed asset optimisation over the next three years, after having allocated more than RM3 billion in capital expenditure (capex) and development of its integrated farm in Gemas.</p>


F&N to focus on sweating off its assets after investing RM3b in capex and development

<p>Ranhill Utilities Bhd will cooperate with the Malaysian Anti-Corruption Commission (MACC) throughout an investigation involving its employees, it said on Friday.</p>

<p>“We are alarmed and take serious note of the matter. We shall cooperate fully with MACC in its investigation if required,” Ranhill said in a bourse filing.</p>


Ranhill to cooperate with MACC over bribery probe on employees

<p>The country faces higher imports of gas energy for electricity use in the coming years if it continues to depend on the commodity without efforts to accelerate the transition to more sustainable energy.</p>


Rafizi warns of hike in gas imports for electricity without switch to sustainable energy

<p>The US Treasury Department's top sanctions official will travel to Singapore and Malaysia next week, a source familiar with the matter told <i>Reuters</i>, as Washington seeks to combat funding for Iran and its proxy groups as well as evasion of its sanctions on Russia.</p>


Top US Treasury official to travel to Singapore, Malaysia to discuss sanctions

<p>Individuals who have fallen victim to fraudulent investment schemes risk losing the right to recover their money even after going through the legal avenue.</p>


Bukit Aman: Victims of investment scams won’t be able to recoup losses

<p>KUALA LUMPUR (May 3): Engineering firm UUE Holdings Bhd said on Friday that it has signed an agreement with M&amp;A Securities to underwrite its initial public offering (IPO) on the ACE Market.</p>


UUE signs underwriting deal with M&A Securities for ACE Market IPO

<p>KUALA LUMPUR (May 3): Fresh vegetables wholesaler and distributor Farm Price Holdings Bhd, which is set for listing on the ACE Market of Bursa Malaysia on May 14, said on Friday that its initial public offering (IPO) had been oversubscribed by 91.35 times.</p>


ACE Market-bound Farm Price’s IPO oversubscribed by 91.35 times

<p>In a majority decision, the Federal Court has dismissed a woman's final challenge to change her religious status as a Muslim.</p>


Top court dismisses woman's attempt to change religious status

<p>Malayan Cement Bhd will likely report strong third quarter earnings when the company reports its results by this month-end, as volume and average selling prices stay high, CGS International said.</p>


Malayan Cement likely to report strong 3Q results, says CGS International

<p>GEORGE TOWN (May 3): China Southern Airlines plans to double its weekly flights from Guangzhou, China to Penang, increasing from seven to 14, starting June 20.</p>


China Southern Airlines to double weekly flights to Penang starting June 20

<p>Ocean Fresh Bhd has signed an agreement with KAF Investment Bank (KAF IB) to underwrite the frozen seafood company’s initial public offering (IPO) on the ACE Market.</p>


Ocean Fresh inks underwriting agreement with KAF IB for ACE Market IPO

<p>The Penang High Court on Friday dismissed former Penang chief minister Lim Guan Eng, his wife Betty Chew Gek Cheng, and businesswoman Phang Li Koon’s attempt to strike out their graft and money-laundering charges.</p>


Double jeopardy does not apply, Penang court rules in dismissing Guan Eng, wife and Phang's challenge on graft charge

<p>KUALA LUMPUR (May 3): Muar Member of Parliament (MP) Syed Saddiq Syed Abdul Rahman is seeking a judicial review against Prime Minister Datuk Seri Anwar Ibrahim and the government over RM730,300 in allocations for his constituency.</p>


Syed Saddiq seeks judicial review against PM, govt over unpaid allocations

<p>theedgemalaysia.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon close on Friday. Two stocks showed positive momentum while nine stocks showed negative momentum.</p>


Jiankun, Success Transformer, Ajinomoto, Aneka Jaringan, GHL, Gopeng, Mitrajaya, MMM, Sapura Resources, United U-Li, YLI

<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Money is pouring into Taiwan exchange-traded funds as investors scramble for exposure to the artificial intelligence supply chain, raising analyst and regulator caution just as a rally in the sector has turned fickle and volatile.</p>
