<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 5): RHB Retail Research said LKL International Bhd may rebound further after it tested the 33.5 sen support in its latest session.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said yesterday’s white candle can be viewed as a continuation of the bulls extending the buying momentum from April 27’s upside gap.</p></div>

<div class=newsTextDataWrapInner><p>“An upbeat bias may emerge above the 37 sen level, with an exit set below the 33.5 sen mark.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Towards the upside, the immediate resistance is at the 43 sen level, followed by the 45 sen threshold,” it said.</p></div>


KUALA LUMPUR (May 5): RHB Retail Research said LKL International Bhd may rebound further after it tested the 33.5 sen support in its latest session.

In a trading stocks note today, the research house said yesterday’s white candle can be viewed as a continuation of the bulls extending th...

LKL International may rebound further, says RHB Retail Research

MALAYSIA is “sticking” to plans to trim blanket petrol subsidies this year in favour of targeted aid to better cater for those who need the subsidies while bolstering investor confidence by reining in the government’s fiscal deficit, Economy Minister Rafizi Ramli is reported to have said.

...

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AMSTERDAM (April 29): Philips shares surged 35% early on Monday, as the medical devices maker announced a smaller-than-expected settlement to resolve claims over recalled breathing devices in the United States.

Philips shares surge on US recall settlement news

As the working week drew to a close in Frankfurt, Deutsche Bank AG’s Christian Sewing was on a roll. Upbeat first-quarter earnings had sent the lender’s shares to the highest level since 2017, bolstering a perception that the firm had finally shaken off its scandal-prone past.

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The yen jumped sharply against its peers on Monday after it slid past 160 per dollar earlier in the session, leading to speculation that Tokyo could have intervened in the currency market while the country was out for a holiday.

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LONDON (April 29): Last year, a who’s who of world leaders, corporate executives and academic experts gathered at Britain’s Bletchley Park for the world’s first global AI Safety Summit, hoping to reach consensus on the regulation of a technology some warned posed a threat to humanity.

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Chinese President Xi Jinping will visit the European continent for the first time in about five years as tensions mount over a range of issues including trade, spy allegations and Beijing’s support for Russia.

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Malaysia and Saudi Arabia are engaged in talks for new investments into the country, said Prime Minister Datuk Seri Anwar Ibrahim.

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Social media platform X suffered outages early on Monday, according to outage tracking website Downdetector.com.

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The Financial Times (FT) has struck a deal with Microsoft-backed OpenAI to train artificial intelligence (AI) models on its archived content, the newspaper reported on Monday.

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The High Court here on Monday dismissed a social media account user’s application to initiate judicial review proceedings against the Malaysian Communications and Multimedia Commission (MCMC) regarding restrictions on his mobile phone online access.

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<p>QSR Brands (M) Holdings Bhd is suspending over 100 KFC outlets temporarily nationwide after about half a year of boycott movement, <em>Nanyang Siang Pau</em> reported, citing information from Google Maps.</p>


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<p>Berjaya Corp Bhd (BCorp), which last week denied that its founder Tan Sri Vincent Tan Chee Yioun had participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently, has lodged reports for the police to commence investigation into the above matter, specifically to, amongst others, ascertain and find out the purported “unnamed source” who disseminated complete untrue and false statements.</p>


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<p>Shares of YNH Property Bhd surged to their highest in three weeks after the real estate developer said it has remedied the technical default of its sukuk programme.</p>


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<p>KUALA LUMPUR (April 29): Mercury Securities Sdn Bhd has recommended investors “subscribe” ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value (FV) of 29 sen based on 13x FY2024F earnings per share, translating to 21% upside to IPO price.</...

Mercury Securities advises investors to subscribe ACE Market-bound Farm Price with fair value of 29 sen 

<p>Engineering solutions provider Kawan Renergy Bhd on Monday began taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM33 million.</p>


Kawan Renergy sets IPO price at 30 sen apiece in bid to raise RM33m 

<p>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).</p>


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<p>Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.</p>


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<p>Top Glove Corporation Bhd bagged the Platinum Trusted Brand Award in the Hygiene/Disposable Gloves category at the Reader’s Digest Malaysian Trusted Brand 2024 awards.</p>


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<p>TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&amp;G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


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<p>When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.</p>


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<p>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.</p>


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<p>Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.</p>


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<p>An appliance maker in southern China is finding it hard to ship its products to Russia, not because of any problems with the gadgets but because China's big banks are throttling payments for such transactions out of concern over US sanctions.</p>


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<p>The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to try to underpin a relentless tumble in the currency to levels last seen over three decades ago.</p>


Japan's yen jumps against the dollar on suspected intervention

<p>General insurer LPI Capital Bhd said on Monday its net profit surged 37% year-on-year in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.</p>


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<p>After eight consecutive weeks of net selling, foreign investors shifted to become net buyers on Bursa Malaysia last week, with a total investment of RM292.2 million.</p>


MIDF: Foreign investors ended eight weeks of selling with total inflow of RM292m last week

<p>Malakoff Corp Bhd has inked a partnership with China Northeast Electric Power Engineering &amp; Services Co Ltd (NEPCS) for technical manpower supply for the operation and maintenance (O&amp;M) of combined cycle power plant (CCPP) projects under NEPCS in Bangladesh.</p>


Malakoff inks deal to expand operation and maintenance services to Bangladesh

<p>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.</p>


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<p>The yen jumped sharply against its peers on Monday after it slid past 160 per dollar earlier in the session, leading to speculation that Tokyo could have intervened in the currency market while the country was out for a holiday.</p>
