<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 31): RHB Retail Research said Niche Capital Emas Holdings Bhd is expected to bounce off from its sideways consolidation phase, as it attempted to break above the immediate resistance on strong volume recently.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said if it manages to break above the 24 sen immediate resistance level, a “higher low” price pattern will appear – indicating an upward movement.</p></div>

<div class=newsTextDataWrapInner><p>“If that happens, the stock may climb towards the next resistance of&nbsp; 26 sen, 27.5 sen.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“If it falls below the 22.5 sen support, the stock may change its direction,” it said.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


RHB Retail Research said Niche Capital Emas Holdings Bhd is expected to bounce off from its sideways consolidation phase, as it attempted to break above the immediate resistance on strong volume recently.

Niche Capital Emas expected to bounce off from sideways consolidation, says RHB Retail Research

The Monetary Authority of Singapore has appointed Transport Minister Chee Hong Tat as a board member from June 1, broadening his experience in the finance industry.

Singapore central bank names transport minister Chee to board

Terraform Labs Pte and co-founder Do Kwon, after being found liable for fraud by a New York jury last month, told a judge they shouldn’t have to pay the US$5.3 billion (RM25.3 billion) fine requested by US regulators because most of the firm’s stablecoins were sold overseas.

Terraform Labs calls US$5.3b SEC fraud-fine bid unjustified

The Hong Kong Monetary Authority (HKMA) kept its base rate charged through the overnight discount window unchanged at 5.75% on Thursday, tracking a decision by the US Federal Reserve to keep rates steady.

Hong Kong central bank keeps key rate unchanged, tracks Fed decision

The Philippines summoned a Chinese diplomat on Thursday to protest Beijing's use of water cannon against Filipino vessels at a disputed shoal in the South China Sea, describing it as harassment and "dangerous manoeuvres".

Philippines summons Chinese diplomat over South China Sea flare-up

Subang Airport, officially known as Sultan Abdul Aziz Shah Airport, will likely be able to handle jet aircraft by the third quarter this year, according to Transport Minister Anthony Loke.

Subang Airport ready to handle up to two jets by end-March, double passenger capacity by June MAHB

A senior US official on Thursday urged China and Russia to match declarations by the US and others that only humans, and never artificial intelligence, would make decisions on deploying nuclear weapons.

US official urges China, Russia to declare only humans, not AI, control nuclear weapons

Indonesia's annual inflation rate cooled slightly in April as pressure from some food prices eased as the harvest season began, the country's statistics bureau said on Thursday, staying within the central bank's 1.5% to 3.5% target range.

Indonesia's inflation rate eases slightly in April

THE long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thail...

Cover Story: Enegem —edging closer to RE exports

South Korea's financial authorities have notified Credit Suisse AG it could face 50 billion won (RM173.1 million) in fines over allegations it breached short-selling rules, South Korea's Chosun Ilbo daily reported on Thursday, citing industry sources.

Credit Suisse may face US$36m fine over South Korea short-selling — report

Standard Chartered beat forecasts on Thursday with a 5.5% rise in its first-quarter pretax profit, as the income boost from higher interest rates and a robust performance from its markets trading business offset a surge in credit losses.

StanChart 1Q profit beats estimates as income boost outweighs China woes

<p>US software giant Microsoft Corp said on Thursday it would invest US$2.2 billion (RM10.5 billion) over the next four years in cloud and artificial intelligence (AI) infrastructure in Malaysia.</p>


Microsoft to invest US$2.2 bil in Malaysia over next four years on cloud, AI

<p>Apex Securities Bhd has recommended investors to “subscribe” to ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value of 42 sen by pegging financial year 2025 (FY2025) forecast core earnings per share of 3.2 sen to price-earnings (PE) of 13 times (75% potential upside from IPO price).</p>


Apex Securities advises investors to subscribe to ACE Market-bound Farm Price with fair value of 42 sen

<p>Shares of Bursa Malaysia Bhd climbed to its highest in more than three years after the stock exchange operator reported better-than-expected results that prompted at least two analyst upgrades.</p>


Bursa Malaysia climbs to over three-year high after above-view 1Q

<p>Elon Musk’s latest cost-cutting victims: Summer interns.</p>

<p>Tesla Inc is rescinding offers just weeks before internships were set to start, prompting aspiring employees to take to LinkedIn to appeal to other employers to take them in.</p>


Tesla interns say offers are getting revoked weeks before their start date

<p>Luno, a digital asset exchange (DAX) licensed by the Securities Commission Malaysia, expands its coin offerings with the launch of Cosmos (ATOM) and Polkadot (DOT).</p>


Luno launches two new digital assets

<p>Shares of Duopharma Biotech Bhd surged more than 9% during early trade on Thursday following news of the pharmaceutical company securing supply contracts worth RM578.09 million in total.</p>


Duopharma Biotech surges over 9% after RM578m contract news

<p>US stocks closed mixed on Wednesday after the Federal Reserve (Fed) left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured.</p>


S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference

<p>Feytech Holdings Bhd's initial public offer (IPO) on Main Market of Bursa Malaysia is offering&nbsp;252.94 million shares at 80 sen apiece.&nbsp;</p>


Feytech Holdings aims to raise over RM201 mil from Main Market IPO at 80 sen apiece 

<p>Latest data signalled further downbeat trends across the Malaysian manufacturing sector at the start of the second quarter of 2024.</p>

<p>In a statement on Thursday, S&amp;P Global Market Intelligence said that while demand remained generally subdued, there were slight indications that firms were on an upward trajectory, as firms scaled back production at a softer rate amid a slower reduction in new order inflows.</p>


Overall manufacturing conditions in Malaysia ease to lesser extent, says S&P Global

<p>Smart Asia Chemical Bhd, an industrial paint and coating manufacturer, on Thursday has begun taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM37.4 million.&nbsp;</p>


Smart Asia Chemical starts taking orders for ACE Market IPO to raise RM37.4 mil

<p>A gauge of global stocks fell on Wednesday while the dollar weakened against a basket of peers after the Federal Reserve (Fed) left interest rates unchanged and indicated it is still leaning toward eventual rate cuts.</p>


Stocks, dollar decline after Fed holds rates steady

<p>Governments rarely correct deteriorating public finances until they meet some form of debt market disturbance, but the retreat of central banks from sovereign bond markets may eventually set the scene for a showdown.</p>


Bond markets face struggle to surf 'Treasury tsunami'

<p>DBS Group Holdings Ltd’s chief executive officer Piyush Gupta expects another year of record profit after Singapore’s biggest lender delivered better-than-expected results thanks to strong lending and wealth fees.</p>


DBS CEO Gupta sees another record year after posting better than expected 1Q earnings 

<p>Protasco Bhd, which has businesses ranging from hotel to engineering, said on Thursday it has received an offer to buy its unit Kumpulan Ikram Sdn Bhd that owns the Infrastructure University Kuala Lumpur.</p>


Protasco gets offer from HK firm to buy its university unit

<p>Malaysia’s biggest port operator Westports Holdings Bhd said on Thursday its net profit rose 11% year-on-year (y-o-y) in the first quarter, thanks to higher container revenue.</p>


Westports' 1Q net profit rises 11% as container revenue climbs

<p>The Federal Communications Commission (FCC) is moving to prevent Huawei, ZTE and other foreign companies deemed to pose US national security concerns from certifying wireless equipment, officials told <em>Reuters </em>on Wednesday.</p>


US moves to bar Huawei, other Chinese telecoms from certifying wireless equipment

<p>The US Federal Reserve (Fed) held interest rates steady on Wednesday and signalled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming.</p>


Fed leaves rates unchanged, flags 'lack of further progress' on inflation

<p>ExecuJet MRO Services Malaysia, a subsidiary of luxury business aircraft maker Dassault Aviation, inaugurated its new maintenance, repair and overhaul (MRO) facility at Subang Airport on Thursday.</p>


Dassault Aviation's MRO unit ExecuJet expands in Malaysia with new facility at Subang Airport

<p>Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary US customers and a slower-than-expected economic recovery in China.</p>


Starbucks shares hit two-year low as China, US demand clouds outlook

<p>Alphabet Inc paid Apple Inc US$20 billion (RM95.45 billion) in 2022 for Google to be the default search engine in the Safari browser, according to newly unsealed court documents in the Justice Department’s antitrust lawsuit against Google.</p>
