<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 9): RHB Retail Research said GUH Holdings Bhd is set&nbsp; to&nbsp; continue its uptrend as&nbsp; it moved past the&nbsp; immediate&nbsp; resistance&nbsp; of&nbsp; 74.5 sen&nbsp; on&nbsp; strong&nbsp; volume&nbsp; – printing a “White Marubozu” bullish candlestick.</div>

<div class=newsTextDataWrapInner>In a trading stocks note on Tuesday (Nov 9), the research house said if the stock manages to stay above that&nbsp; level, buying interest may follow through towards&nbsp; the 80 sen resistance, followed by 88 sen.</div>

<div class=newsTextDataWrapInner>“If it falls below the 68 sen support, the momentum may dissipate,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

KUALA LUMPUR (Nov 9): RHB Retail Research said GUH Holdings Bhd is set  to  continue its uptrend as  it moved past the  immediate  resistance  of  74.5 sen  on  strong  volume  – printing a “White Marubozu” bullish candlestick.

In a...

GUH Holdings set to continue uptrend, says RHB Retail Research

KUALA LUMPUR (April 30): Straits Energy Resources Bhd’s subsidiary Tumpuan Megah Development Sdn Bhd has completed the first Malaysian-supplier delivery of an International Sustainability and Carbon Certification (ISCC EU)-certified marine biofuel.

Strait Energy’s unit completes first Malaysian-supplier delivery of ISCC EU-certified marine biofuel

SES SA has agreed to buy Intelsat SA for US$3.1 billion (RM14.78 billion) in cash to create a satellite giant after reviving talks that fell apart last year.

SES agrees to buy Intelsat in US$3.1 bil satellite deal

Indonesia exported 2.17 million metric tonnes of palm oil products in February, down 25.6% from the same month last year, data from the Indonesia Palm Oil Association, the country's biggest industry group, showed on Tuesday.

Indonesia's Feb palm oil exports at 2.17 mil tonnes, says palm oil group

HULU SELANGOR (April 30): Despite successfully holding the Kuala Kubu Baharu (KKB) state seat for three terms, Pakatan Harapan (PH) will not use it as an excuse to feel comfortable.

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BENGALURU (April 30): Tata Sons, the holding company of India's Tata Group, has increased its stake in satellite TV provider Tata Play to 70%, by buying a 10% stake from Singapore state investment firm Temasek for about US$100 million, the Economic Times reported on Tuesday.

India's Tata Sons raises stake in Tata Play, Temasek exits, Economic Times reports

Sales growth in Europe and China helped drive Adidas' strong first-quarter results, while North America was a weak spot as retailers remain overstocked, the German sportswear brand said on Tuesday.

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Matrix Concepts has unveiled the second phase of Resort Villa in Bandar Sri Sendayan, Seremban.

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PUTRAJAYA (April 30): Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki confirmed on Tuesday that the agency has recorded the statement from Perlis Menteri Besar Mohd Shukri Ramli to facilitate its investigations into an alleged abuse of power.

...

Azam Baki confirms Perlis MB quizzed by MACC

Shares of LPI Capital Bhd on Tuesday (April 30) extended their gain after the general insurer posted better-than-expected results.

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THE interest generated by the initial public offering (IPO) of 99 Speed Mart Retail Holdings Bhd could be a gauge of investor reaction and sentiment to the recent boycott of a close competitor, and whether such action adds to the risks of running retail outlets.

Among the recently repor...

Minimal impact from new risks associated with retail business

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Shares in Oppstar Bhd rose to a five-month high on Tuesday after the integrated circuit (IC) design service provider announced it is partnering with South Korea’s tech giant Samsung Electronics Co Ltd to produce industrial ICs.

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MKH Oil Palm (East Kalimantan) Bhd (MKHOP) opened at 63 sen in its Main Market debut on Tuesday, up 1.6% from its initial public offering (IPO) price of 62 sen.

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The Malaysian Bar filed a judicial review application last Friday (April 26) to seek a declaration that the decision by the Federal Territories Pardons Board on Jan 29 to halve Datuk Seri Najib Razak's jail sentence from 12 years to six years and reduce the fine in his SRC International graft conviction from RM210 million to RM50 million is unconstitutional, void, and unlawful.

Malaysian Bar challenges Pardons Board decision to reduce Najib’s sentence

RHB Investment Bank Research has maintained its “overweight” rating on the rubber products sector and said it expects glove makers to record positive quarter-on-quarter (q-o-q) net profit growth in the upcoming March quarterly reporting season.

RHB sees glove makers recording positive q-o-q net profit growth in March earnings

KUALA LUMPUR (April 30): The average price for new apartments in Kuala Lumpur has surged to RM582,887, which is seen as surpassing the national average and setting a new benchmark in the industry, according to the real estate technology group Juwai IQI.

Average KL price of new apartment hits RM582,887, surpasses national average — Juwai IQI

Ekuiti Nasional Bhd, the state-owned private equity firm also known as Ekuinas, said on Tuesday it has acquired an 80% stake in pharmaceutical ingredients maker Symbiotica Speciality Ingredients Sdn Bhd.

Ekuinas acquires 80% stake in pharma ingredients maker Symbiotica

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

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Microsoft will invest US$1.7 billion (RM8.1 billion) over the next four years into expanding cloud services and artificial intelligence in Indonesia, including building data centres, visiting chief executive Satya Nadella said on Tuesday.

Microsoft to invest US$1.7b in cloud, AI in Indonesia, CEO says

HSBC said on Tuesday its chief executive Noel Quinn will retire — a surprise departure by its hard-nosed leader of five years who has overseen a sweeping series of asset sales across the globe.

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China needs to further reduce its Treasuries holdings, in part to lessen the potential leverage of Washington over its Asian rival, according to a paper published by a Chinese state think tank.

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It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government.

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KUALA LUMPUR (April 30): Shares of Nestlé (Malaysia) Bhd (Nestlé Malaysia) rose to its highest in eight months after reporting results that came in slightly ahead of expectations, though analysts flagged sales pressure ahead for the food-and-drink company.

Nestle Malaysia shares rise to eight-month high after 1Q results

KUALA LUMPUR (April 30): Stock exchange operator Bursa Malaysia Bhd said on Tuesday that its net profit rose 34% in the first quarter of the year, from a year earlier, thanks to higher trading activity and fees from listings and other services.

Bursa Malaysia’s 1Q net profit surges 34%, optimistic to hit 2024 targets

Hong Leong Investment Bank (HLIB) Research has valued ACE Market-bound Sin-Kung Logistics Bhd at 17 sen, based on 15x price earnings ratio on FY2024F of 1.1 sen.

HLIB values ACE Market-bound Sin-Kung Logistics at 17 sen

Elon Musk’s net worth is soaring after it plunged to the lowest level in almost a year.

Musk’s fortune soars by most since before Twitter purchase

Samsung Electronics Co’s earnings surged after the semiconductor business returned to profitabilty for the first time since 2022, boosted by broad spending on artificial intelligence development.

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Indonesia is planning to offer dual citizenship to its skilled diaspora as part of efforts to stem a brain drain of local talent.