<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 28): Shares of Multi-Code Electronics Industries (M) Bhd surged 23.81% in early trade today after it signed contracts worth RM240 million with Perusahaan Otomobil Nasional Sdn Bhd (Proton) to supply electronics parts for the national carmaker for five years.</p></div>

<div class=newsTextDataWrapInner><p>At 9.06am, Multi-Code rose 20 sen to RM1.04 with 100,100 shares done.</p></div>

<div class=newsTextDataWrapInner><p>Multi-Code said in a Bursa Malaysia filing that it will supply Proton cars with anti-theft systems, parking sensors, power regulator systems, functional switches, and ignition key set systems beginning in the second and third quarters of its financial year ending July 31, 2016.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The estimated initial investment outlay was RM1.55 million, it added.</p></div>

<div class=newsTextDataWrapInner><p>Multi-Code is principally involved in the manufacturing and supply of car alarm systems, central locking and power window regulators.</p></div>

<div class=newsTextDataWrapInner><p><span style="font-size:12px"><em>(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)</em></span></p></div>

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KUALA LUMPUR (Dec 28): Shares of Multi-Code Electronics Industries (M) Bhd surged 23.81% in early trade today after it signed contracts worth RM240 million with Perusahaan Otomobil Nasional Sdn Bhd (Proton) to supply electronics parts for the national carmaker for five years.

At 9.06am,...

Multi-Code surges 23.81% on landing Proton jobs

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KUALA LUMPUR (April 16): Newly-listed fertility care company Alpha IVF Group Bhd made a net profit of RM13.59 million for its third quarter ended Feb 29, 2024 (3QFY2024), on a revenue of RM40.7 million.

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Morgan Stanley's first-quarter profit beat estimates on Tuesday, fuelled by a resurgence in investment banking led by equity underwriting, where revenue more than doubled, sending its shares up 2.7% before the bell.

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OTTAWA (April 16): Canada's annual inflation rate ticked up to 2.9% in March, as expected, while core inflation measures continued easing for a third consecutive month, data showed on Tuesday.

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Practice Note 17 (PN17) company Serba Dinamik Holdings Bhd said it had been granted an extension of time until May 15 by Bursa Malaysia to submit its regularisation plan.

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KUALA LUMPUR (April 16): Express carrier GDEX Bhd, which has been in the red for the last two financial years, is planning to diversify into the provision of information technology (IT) services and solutions to enhance its revenue stream.

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In today’s edition of Evening 5: 0:06 CIMB’s Abdul Rahman Ahmad returns to PNB as president, group chief executive1:34 Local airlines may feel heat from rising oil prices as Middle East tensions simmer2:52 Wealth of Malaysia’s 50 richest individuals on Forbes list rises 2% — Forbes Asia4:21 MyEG and HeiTech Padu form partnership to collaborate on IT projects5:47 GDEX proposes a diversification into the provision of IT services and solutions

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BENGALURU (April 16): UnitedHealth Group said on Tuesday that it was expecting to take a hit of up to US$1.6 billion this year related to a data breach at its Change Healthcare unit, in its first full public disclosure of the financial impact of the cyberattack.

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Cybersecurity software firm Rubrik, backed by Microsoft, said on Tuesday it is targeting a valuation of up to US$5.44 billion (RM26.07 billion) in its US initial public offering (IPO).

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<p>The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to <i>Forbes Asia</i>.</p>


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<p>Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.</p>


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<p>CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.</p>


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<p>Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.</p>


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<p>The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.</p>


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<p>The automotive industry is not exactly the place one would want to be in the next few years.</p>

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<p>Transport Minister Anthony Loke Siew Fook said his ministry has no objection to MMC Corp Bhd divesting a stake in MMC Port Holdings Sdn Bhd, including to foreign entities, as long as it does not contravene the government's policy that requires 51% ownership of major national assets to remain with local companies.</p>


Loke says MMC Port free to sell stake to foreign firms, but govt has to be notified of shareholding changes

<p>Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.</p>


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<p>Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.</p>


Muhyiddin seeks five-judge bench to hear criminal charges review

<p>Outsourced semiconductor assembly and testing (OSAT) player Globetronics Technology Bhd is in the final stages of discussion with two prospective clients interested in leveraging advanced packaging technology.</p>


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<p>Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.</p>


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<p>European Commission President Ursula von der Leyen is unleashing a barrage of trade restrictions against China as she seeks to follow through on a pledge to make the EU a more relevant political player on the global stage.</p>


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<p>Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;</p>


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<p>EP Manufacturing Bhd's (EPMB) shares climbed on Tuesday and marked their best day in 10 months after the Shah-Alam based auto parts maker signed an assembly deal with a Chinese carmaker.</p>


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<p>China’s rapidly expanding petrochemicals industry is making life increasingly difficult for producers in Asia’s next-biggest exporter of the building blocks for making plastics.<br />
&nbsp;<br />
Asia’s largest economy used to be the major market for South Korean companies like LG Chem Ltd and Lotte Chemical Corp. But the exporters of the chemicals used to make everything from nylon to disposable bottles and car interiors are now being forced to downsize their operations after a frenzy of petchem-plant building in China over the last few years created a supply glut. &nbsp;</p>


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<p>Gold is set to reach US$3,000 (RM14,381.71) an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup Inc said, adding to a roll call of Wall Street banks that have raised forecasts.</p>


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<p>Workers in Singapore can now ask for four-day work weeks, more work-from-home days and staggered work timings starting from Dec 1, underscoring the global trend of governments and companies relaxing office arrangements in order to retain talent.</p>
