<div class=newsTextDataWrapInner>KUALA LUMPUR (July 22): RHB Retail Research said Heveaboard Board’s 2-week correction phase may have reached an end – it formed a white candle to cross above the 21-day SMA line.</div>

<div class=newsTextDataWrapInner>In a trading stocks note today, the research house said a positive bias may emerge above the 44 sen level, with the resistance marked at 48 sen followed by 51.5 sen.</div>

<div class=newsTextDataWrapInner>“We recommend that investors set stop-loss at 44 sen,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

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KUALA LUMPUR (July 22): RHB Retail Research said Heveaboard Board’s 2-week correction phase may have reached an end – it formed a white candle to cross above the 21-day SMA line.

In a trading stocks note today, the research house said a positive bias may emerge above the 44 sen level, w...

Heveaboard’s correction phase may have reached an end, says RHB Retail Research

HHRG Bhd was slapped with a RM58.18 million suit by Ooi Chieng Sim, in relation to a loan given out by the former executive chairman to the company.

HHRG faces RM58 mil suit over alleged default of loan by ex-chairman

Integrated circuit (IC) design service provider Oppstar Bhd is collaborating with South Korea’s tech giant Samsung Electronics Co Ltd for the production of industrial ICs manufactured using Samsung’s 14 nanometre (nm) FinFET technology foundry process.

Oppstar partners with Samsung to produce industrial integrated circuits

Prime Minister Datuk Seri Anwar Ibrahim held a bilateral meeting with his Pakistani counterpart Muhammad Shehbaz Sharif on the sidelines of the World Economic Forum (WEF) Special Meeting here on Monday.

PM meets Pakistani counterpart, Turkiye foreign minister

The ideas and initiatives of the National TVET council and the National Entrepreneur Development Council will be coordinated to ensure the rapid development of the technopreneur section, Deputy Prime Minister Datuk Seri Dr Ahmad Zahd Hamidi said.

TVET, entrepreneur development councils to be coordinated to ensure rapid development — DPM

The Orang Asli community in the Kuala Kubu Baharu (KKB) constituency must support the Pakatan Harapan (PH) candidate during the May 11 by-election because Barisan Nasional (BN) is a friend and component party of PH.

Orang Asli community in KKB must continue support for PH candidate — Ramli

Pakatan Harapan (PH) candidate Pang Sock Tao will announce the party’s Kuala Kubu Baharu (KKB) by-election manifesto this Friday.

KKB polls: PH candidate to announce manifesto on Friday

Printed circuit board (PCB) company BSL Corp Bhd saw Doris Wong Sing Ee emerge as its substantial shareholder after Wong acquired 97 million BSL shares, raising her stake in the company to 7.104%.

Metronic Global ED Doris Wong emerges as substantial shareholder of BSL

Copper’s surge to US$10,000 (RM46,650) a tonne just days after the bombshell news that BHP Group is trying to buy Anglo American plc is highlighting a core disconnect at the heart of the industry: miners just aren’t building enough mines.

BHP mega bid and US$10,000 copper expose mining’s biggest problem

Elon Musk was in dire need of a quick win for Tesla Inc. If that meant flying to China a week after standing up Indian Prime Minister Narendra Modi, then so be it.

Musk’s trip to Beijing after India snub shows power of China

SES SA and Intelsat SA have revived discussions on a potential merger to create a satellite giant after a previous attempt faltered last year, according to people familiar with the matter.

SES, Intelsat revive deal talks to form satellite giant

Shares of YTL Power International Bhd and YTL Corp Bhd rose to fresh highs on Monday as investors piled on stocks with exposure in artificial intelligence (AI).

YTL Power, YTL Corp touch new highs

SUPERMAX Holdings Sdn Bhd (SHSB), which holds 40.3% in Supermax Corp Bhd, is the subject of a winding-up petition.

SHSB is the private company of Datuk Seri Stanley Thai and his wife, Datuk Wira Cheryl Tan Bee Geok. The couple, who have been and still are having differences in their rel...

Newsbreak: Supermax's Cheryl Tan seeks to wind up holding company

Shares of Capital A Bhd and AirAsia X Bhd (AAX) climbed further during Monday’s morning trading session, riding on a proposal announced last Thursday to merge the short- and long-haul airline operations of both companies.

AAX, Capital A lift off on merger proposal to extend rally

Saudi Arabia-based renewable energy giant ACWA Power has expressed interest in investing more than&nbsp;US$10 billion (RM47.64&nbsp;billion) in Malaysia over a 10-year period.

Among the proposed projects are those to be undertaken through collaboration with a local company, Cypark Resources Bhd.

Saudi-based ACWA Power keen on investing over US$10b in M'sia, some projects in collaboration with Cypark

Permodalan Kedah Bhd (PKB) has inked a memorandum of understanding (MOU) with Royal Eco Train Development, Republic of Korea (RETD Korea), for the Light Rail Transit (LRT) project in Langkawi.

Permodalan Kedah inks MOU with Korean firm for LRT in Langkawi

Shares in LPI Capital Bhd snapped a three-day losing streak on Monday, after the general insurer reported a 37% net profit surge in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.

LPI Capital’s 1Q net profit surges 37%, shares snap losing streak after results

Sime Darby Property Bhd has achieved a 100% take-up rate for The Corak freehold commercial hub at the Serenia City township in Sepang, according to a press statement issued on Monday. The Corak is the township's first commercial hub.

Sime Darby Property achieves 100% take-up for The Corak commercial hub in Serenia City

theedgemalaysia.com&nbsp;highlighted three with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

Supercomnet Technologies, MyEG, BP Plastics, LGMS, Turiya

KUALA LUMPUR (April 29): Capital A Bhd said on Monday that the number of passengers it carried rose 17% year-on-year (y-o-y) to 15.4 million in the first quarter of 2024 (1Q2024), on the back of strong travel demand during the school holidays and Chinese New Year.

Capital A’s passenger volume rises 17% in 1Q, load factor climbs to 90%

Following reports that over 100 KFC outlets have been temporarily closed after about half a year of boycott movement, QSR Brands and KFC Malaysia said they suspended the operations of the outlets to manage increasing business costs amid challenging economic conditions, and to focus on high engagement trade zones.&nbsp;

QSR Brands confirms temporary closure of KFC outlets, says it is to manage rising costs

Twenty-eight National Service Training Programme operators nationwide have filed a multimillion-ringgit suit against the government for purported breach of the main contract resulting in losses of rental for 27 months and total losses of RM108.737 million to them.

Twenty-eight National Service Training Programme operators sue govt for RM108.74m in losses

The Jana Wibawa programme, which was established to assist Bumiputera contractors impacted by the Covid-19 pandemic, only took off following Cabinet approval in 2020, the court heard on Monday.

Jana Wibawa programme could only take off with Cabinet approval, says witness

Engineering services firm Kawan Renergy Bhd, en route to list on Bursa Malaysia's ACE Market next month, said on Monday it will pass higher cost from escalating steel prices to its customers.

ACE Market-bound Kawan Renergy to pass higher cost from rising steel prices to customers

Gadang Holdings Bhd has called off its planned acquisition of a 21.08-acre land in Kwasa Damansara — known as R3-1 — for RM114.78 million from Kwasa Development (3) Sdn Bhd (KD3), to be developed into a residential project.

Gadang fails in appeal to EPU for Bumi equity waiver to buy Kwasa Damansara land

Nestlé (Malaysia) Bhd's net profit for the first quarter ended March 31, 2024 (1QFY2024) dipped 0.8% to RM195.51 million from RM197.15 million a year earlier, due mainly to the impact of slightly lower sales, offset by proactive cost management initiatives as well as better commodity costs.

Nestlé's 1Q net profit dips 0.8% to RM195.5m on lower domestic sales

Financial details of Shell's vast oil and gas trading business are some of the company's closest-held secrets. Documents in a lawsuit filed by a former employee, however, revealed its US crude trading regularly earns around US$1 billion (RM4.77 billion) every year.

Shell earns US$1b a year from US crude trading, court filing shows 

SEPANG (April 29): The Malaysian Aviation Commission (Mavcom) is aiming for a full implementation of its quality standard framework for the country’s two main airports by the end of this year.

Mavcom to fully implement Airports Quality of Service Framework at KLIA T1, T2 by year end

Tex Cycle Technology (M) Bhd said on Monday it has partnered with Evolusi Bersatu Sdn Bhd to invest RM100 million in Sabah’s first integrated scheduled waste management facility.

Tex Cycle in JV to invest RM100m to build Sabah waste management facility

Automated test equipment maker ViTrox Corp Bhd, which has just seen its net profit halve in the first quarter of 2024, is expecting a gradual recovery in the semiconductor sector towards the second half of the year (2H2024) and is continuing to ramp up its research and development (R&amp;D) investments in anticipation of that.

ViTrox to continue to ramp up R&D investment on anticipated semiconductor recovery in 2H2024

National car maker Perusahaan Otomobil Nasional Sdn Bhd (Proton) inaugurated its research and development (R&amp;D) centre in China last Saturday to strengthen its collaboration with partner Zhejiang Geely Holding Ltd (Geely) and complement its facilities in Malaysia.