<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 4): RHB Retail Research said Naim Holdings Bhd is likely extending its multi-week uptrend, which stretched from the low in September, following the possible completion of its consolidation phase in the latest session.</div>

<div class=newsTextDataWrapInner>In a trading stocks note today, the research house said a positive bias may appear above 86.5 sen, with resistance levels marked at 92 sen and RM1.00.</div>

<div class=newsTextDataWrapInner>“A downside breach of 86.5 sen would cancel this positive thesis,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

RHB Retail Research said Naim Holdings Bhd is likely extending its multi-week uptrend, which stretched from the low in September, following the possible completion of its consolidation phase in the latest session.

Naim likely extending multi-week uptrend, says RHB Retail Research

RHB sees Synergy’s investment in AI as a positive to business.

MORNING CALL: 30/4/24

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.

Samsung’s profit surges after AI boom reverses chip losses 

As projections for all the copper needed in the clean-energy transition help send prices of the wiring metal to two-year highs, a new report highlights the risks to future metal supplies from climate change.

Half of all copper mining at drought risk with climate change

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.

China’s US Treasury holdings becoming ‘hostages,’ academic warns

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

Nearly all new passenger cars and trucks sold in the US will be required to have automatic emergency braking systems by September 2029, the National Highway Traffic Safety Administration (NHTSA) said on Monday, saying that the rule will save at least 360 lives annually and prevent at least 24,000 injuries.

US to require new cars to have emergency braking systems by 2029

Amy Wang was counting on a 100,000 yuan (RM65,743) subsidy promised by authorities in the eastern Chinese city of Weifang to fit and furnish an apartment she bought two years ago. Still waiting for the money, she is yet to move in.

Strained Chinese cities struggle to pay home buying subsidies

NXP Semiconductors NV forecast second-quarter profit above estimates on Monday, as easing inventory corrections at its industrial and mobile customers helped offset decelerating revenue from automotive customers due to slowing EV demand.

Chipmaker NXP forecasts 2Q profit above estimates on industrial demand recovery

Paramount Global replaced CEO Bob Bakish with a trio of executives, the company announced on Monday in the middle of talks with David Ellison's Skydance Media about a possible merger.

Paramount replaces CEO with trio as it talks merger with Skydance

The Genting group companies' operations have recovered from the impact of the Covid-19 pandemic, and its earnings are expected to further grow, albeit more gradually, according to S&P Global Ratings.

S&P: Genting's operations have recovered from impact of pandemic, earnings to further grow

KUALA LUMPUR (April 30): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday (April 29):

QSR Brands and KFC Malaysia confirmed it suspended operations of its outlets to manage costs, amid news that over 100 of its outlets have ceased...

QSR Brands, Nestle, ViTrox, LPI Capital, Ajiya, YTL REIT, Tex Cycle, Gadang, HHRG, Sapura, MSC, Capital A, BSL, Oppstar

Following reports that over 100 KFC outlets have been temporarily closed after about half a year of boycott movement, QSR Brands (M) Holdings Bhd and KFC Holdings (M) Bhd (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 confirms temporary closure of KFC outlets, says it is to manage rising costs

YNH Property Bhd on Monday made a belated announcement about transactions involving its 6.49-acre land in Segambut, which it had inked an agreement in September last year to sell for RM59.58 million but revoked last week to have Chin Hin&nbsp;Group Property Bhd develop the plot in return for at least RM52 million.

YNH makes belated announcement about transactions involving its Segambut land

Sapura Energy Bhd has landed a five-year contract from PTTEP Sabah Oil Ltd and PTTEP Sarawak Oil Ltd to provide underwater services.

Sapura Energy bags underwater service contract from Thai-owned PTTEP group

The Genting group companies' operations have recovered from the impact of the Covid-19 pandemic, and its earnings are expected to further grow, albeit more gradually, according to S&amp;P Global Ratings.

The regular market for US equities runs for 390 minutes on a standard trading day. But at the rate things are going, eventually the last 10 might be the only ones that matter.

Increasingly, only last 10 minutes of US stock trading matter

Kossan Rubber Industries Bhd has clarified that the fire at a paint factory in Meru Industrial Park, Klang on Monday (April 29) had no impact on operations at its rubber glove factories.

Fire outbreak at paint processing plant 'has nothing to do with Kossan Rubber Industries', says MD

YTL Hospitality REIT (YTL REIT) is planning to develop a hotel in Hokkaido, Japan, for an estimated total cost of RM199 million.

YTL REIT to develop a Moxy hotel in Hokkaido for RM199 mil

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

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

Saudi Arabia-based renewable energy giant ACWA Power has disclosed plans to collaborate with several strategic Malaysian partners in developing&nbsp;renewable energy projects across multiple states in Malaysia, said&nbsp;Prime Minister Datuk Seri Anwar Ibrahim.

ACWA Power eyes collaboration with strategic M'sian partners on renewable energy projects, says Anwar

The Malaysian government is committed to ensuring that investments made by the Armed Forces Fund Board (LTAT) in domestic and international companies yield consistent and robust returns, according to Defence Minister Datuk Seri Mohamed Khaled Nordin.

Govt committed to ensuring LTAT's investments yield consistent returns — minister

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.&nbsp;

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

All routes along the Malaysia-Thailand border area in the districts of Tak Bai, Sungai Golok, and Weng have been temporarily closed following a bomb explosion and shooting incident that injured four police officers.

Malaysia-Thailand routes in Tak Bai, Sungai Golok, and Weng temporarily closed

AirAsia X Bhd’s (AAX) passenger load factor rose to 83% in the first quarter of this year (1Q2024), from 80% in the same period a year earlier, driven by robust travel demand.&nbsp;

AAX’s passenger load factor up at 83% in 1Q on robust travel demand

The Penang Water Supply Corp (PBAPP) needs strong support from the Energy Transition and Water Transformation Ministry (Petra) to complete two components of its dam expansion project, its chief executive officer K Pathmanathan said.

PBAPP needs strong support to complete two dam expansion components — CEO

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

The implementation of the water tariff adjustment for domestic category as of Feb 1 this year, is vital to improve and enhance the country's water supply system.

Water tariff adjustment can help consolidate water supply system — Teo

Building materials maker Ajiya Bhd recorded its second straight quarterly loss of RM12.71 million for the first quarter ended Feb 29, 2024 (1QFY2024), versus a net profit of RM46.11 million a year ago, despite logging higher revenue.

Ajiya logs second straight quarterly loss of RM12.7m in 1Q

US stocks ended higher on Monday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week.