<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 18): Leong Hup International Bhd rose 0.95% in active trade at mid-morning today, after RHB Investment Bank Bhd Research initiated coverage on the stock at RM1.05 with a "buy" rating and target price of RM1.53, for 46% upside plus 2% yield.</p></div>

<div class=newsTextDataWrapInner><p>At 11.14am, Leong Hup was up 1 sen to RM1.06 with 5.08 million shares traded.</p></div>

<div class=newsTextDataWrapInner><p>In a note today, the research house said Leong Hup is a comprehensive and unique value proposition, given the integrated and diversified business model.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"We view ASEAN as a strategic market due to favourable macroeconomic factors, while the poultry industry offers scalable growth, thanks to robust consumption.</p></div>

<div class=newsTextDataWrapInner><p>"Hence, LHI's (Leong Hup's) concentrated focus in the said region and industry should provide long-term growth sustainability.</p></div>

<div class=newsTextDataWrapInner><p>"Earnings prospects are compelling, driven by expansion initiatives and higher operating efficiency," it said.</p></div>


Leong Hup International Bhd rose 0.95% in active trade at mid-morning today, after RHB Investment Bank Bhd Research initiated coverage on the stock at RM1.05 with a "buy" rating and target price of RM1.53, for 46% upside plus 2% yield.

Leong Hup active, up 0.95% after RHB Research starts coverage

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SEPANG (April 25): A manager of a tour agency company pleaded not guilty at the Sessions Court here on Thursday to charges of attempting to murder his wife and causing injury to the woman’s bodyguard.

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CGS International has cut its earnings estimate for Inari Amerton Bhd as recent data flagged weakened smartphone demand, according to its research note on Thursday.

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PARIS (April 25): BNP Paribas (BNPP) reported a fall in first-quarter profit and revenue on Thursday but beat analyst forecasts, as lower expenses and a strong performance in its corporate banking business offset flat or falling revenues elsewhere.

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KUALA LUMPUR (April 25): theedgemalaysia.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (April 25). One stock showed positive momentum, while eight stocks showed negative momentum.

The stock with positive momentum was:

  &nb...

RGT, Notion, BMGreen, Plytec, AlAqar, Sasbadi, QL, Sign, CGB

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Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.

The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus February’s 1.8% gain.

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<p>Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.</p>


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<p>KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.</p>

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<p>Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.</p>


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<p>KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.</p>


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<p>Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.</p>

<p>The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus February’s 1.8% gain.</p>


<p>RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.</p>


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<p>RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.</p>


Naim Holdings likely to resume its uptrend, says RHB Retail Research 

<p>Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.</p>


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<p>Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.</p>


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<p>Benchmark S&amp;P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.</p>


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<p>The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.</p>

<p>His lawyer Chetan Jethwani said that Court of Appeal deputy registrar Muhammad Noor Firdaus Rosli informed the parties of the matter on Thursday morning during case management.</p>


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<p>Visa Inc recently reported impressive fiscal second quarter 2024 results, with net revenue increasing by 10% and payments volume growing by 8%.</p>


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<p>(April 24): Some of the world's largest solar equipment makers asked President Joe Biden's administration on Wednesday to impose tariffs on panels and cells from four Asian countries, to protect billions of dollars in investments in US manufacturing.</p>
