<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 12): RHB Retail Research said Poh Kong Holdings Bhd is poised for a strong rebound as it attempted to move past the consolidation phase of 86 sen on high trading volume on Thursday (Nov 11).</div>

<div class=newsTextDataWrapInner>In a trading stocks note on Friday, the research house said if the stock manages to move past that level, the bulls may drive the stock towards the immediate resistance of 92 sen, followed by 95.5 sen.</div>

<div class=newsTextDataWrapInner>“Conversely, falling below the 81.5 sen support level will cancel this expectation,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

KUALA LUMPUR (Nov 12): RHB Retail Research said Poh Kong Holdings Bhd is poised for a strong rebound as it attempted to move past the consolidation phase of 86 sen on high trading volume on Thursday (Nov 11).

In a trading stocks note on Friday, the research house said if the stock manag...

Poh Kong poised for strong rebound, says RHB Retail Research

Samsung Electronics has replaced the chief of its semiconductor division to help the group overcome a "chip crisis", amid a booming market for AI chips where analyst say the world's biggest memory chipmaker lags peers.

Samsung Electronics picks veteran executive to tackle 'chip crisis' amid AI boom

Shares of Pintaras Jaya Bhd (KL:PTARAS) rose to its highest in 11 months after the construction company’s third-quarter earnings announcement.

Pintaras Jaya rises to 11-month high after announcing 3Q results

Global end-user spending on public cloud services is forecast to grow 20.4% to total US$675.4 billion (RM3.16 trillion) in 2024, up from US$561 billion in 2023, according to Gartner, Inc.

Global public cloud end-user spending to hit US$675b in 2024, says Gartner

Scarlett Johansson on Monday accused OpenAI of creating a voice for the ChatGPT system that sounded "eerily similar" to the actress after she declined to voice the chatbot herself.

Scarlett Johansson says OpenAI chatbot voice 'eerily similar' to hers

Shares of Menang Corp (M) Bhd (KL:MENANG) rose to its highest in nearly nine months after the property development and management company declared a special dividend amid six-year high quarterly earnings.

Menang shares closes in on nine-month high on special dividend, earnings

Automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH) made a strong debut on Bursa Malaysia’s Main Market at RM1.10, a premium of 30 sen or 37.5% over its initial public offering (IPO) price of 80 sen, with an opening volume of 25.15 million.

Feytech makes strong Main Market debut with 30 sen premium 

Malaysia and Japan are set to confirm their cooperation in strengthening semiconductor supply chains at a meeting later this week, according to Japanese daily The Mainachi.

Malaysia, Japan set to confirm semicon supply chain tie-up — report

Rakuten Trade said Bahvest Resources Bhd (KL:BAHVEST) is poised for a potential bullish breakout from the U-shape pattern, targeting to surpass the neckline of 61 sen.

Bahvest poised for potential bullish breakout, says Rakuten Trade 

RHB Banking Group has launched Apple Pay for its customers in Malaysia.

RHB brings Apple Pay to customers in Malaysia

RHB sees strong growth potential for Sarawak Oil Palms.

MORNING CALL: 21/5/24

KUALA LUMPUR (May 20): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:

Hubline, Public Bank, Batu Kawan, KLK, Menang Corp, Kotra, Media Chinese, FGV, Magma Binasta, Bright Packaging, Annum, Pertama 

Northcape Capital Ltd said a bid by major shareholders to take Malaysia Airports Holdings Bhd private may face opposition due to the low valuation offered.

Malaysia Airports shareholder expresses doubt on takeover bid

Annum Bhd’s (KL:ANNUM) largest shareholder, Datuk Seri Chin Kok Foong, has disposed of his entire 14.83% stake in the Practice Note 17 (PN17) wood-based products manufacturer.

Annum’s largest shareholder Chin Kok Foong exits group after selling 15% stake to Ageson's Larry Liew

Bright Packaging Industry Bhd’s (KL:BRIGHT) largest shareholder Datuk Ricky Wong Shee Kai, who has been embroiled in a legal battle with the Securities Commission Malaysia (SC), has trimmed his stake in the company after selling 20 million shares or 9.74% stake in the company.

Fugitive businessman Ricky Wong trims stake in Bright Packaging amidst legal woes with SC

The Nasdaq closed at a record high on Monday while the S&amp;P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve.

Nasdaq hits record, S&P ticks higher with Nvidia results eyed

A court in Sabah has struck out a man’s claim for RM24.92 million damages against FGV Holdings Bhd (KL:FGV) for alleged fraudulent transactions and trespass relating to land in the state held under a native title.

Court strikes out man’s RM25 mil trespassing suit against FGV

RHB Banking Group has launched Apple Pay for its customers in Malaysia.

Automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH) made a strong debut on Bursa Malaysia’s Main Market at RM1.10, a premium of 30 sen or 37.5% over its initial public offering (IPO) price of 80 sen, with an opening volume of 25.15 million.

Malaysia and Japan are set to confirm their cooperation in strengthening semiconductor supply chains at a meeting later this week, according to Japanese daily The Mainachi.

Binastra Corp Bhd's (KL:BNASTRA) managing director and largest shareholder Datuk Tan Kak Seng has sold a 6% stake in the construction outfit for RM36 million.

Binastra MD offloads 6% stake for RM36 mil

Ether surged the most in 18 months, leading a rally in digital assets, amid growing speculation that opposition is easing among regulators toward approving one or more exchange-traded funds that invest directly in the second-biggest cryptocurrency.

Ether jumps most in 18 months on speculation of ETF approval

Wall Street was mixed on Monday while gold jumped to an all-time high as investors weighed hawkish statements from the Federal Reserve against evidence of cooling US inflation.

US stocks mixed amid cautious Fed comments, gold shines

China is committed to deepening collaboration with Malaysia across various fields including economics, cultural exchange, tourism, education, and science and technology, said Chinese ambassador to Malaysia Ouyang Yujing.

China ready to broaden partnership with Malaysia across various fields — envoy

Rakuten Trade said Bahvest Resources Bhd (KL:BAHVEST) is poised for a potential bullish breakout from the U-shape pattern, targeting to surpass the neckline of 61 sen.

The cancellation of the permit for popular comedian Sharul Channa to perform in Malaysia by the Central Agency for Application for Filming and Performance by Foreign Artistes (Puspal) was made after taking into account police reports lodged over an old video of hers that allegedly touched on race, religion, and royalty (3R) issues, says Communications Minister Fahmi Fadzil.

Cancellation of Sharul Channa's permit took into account police reports on video related to 3R issues — Fahmi

The types of business which are most likely to use artificial intelligence are seeing growth in workers' productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said.

AI-intensive sectors are showing a productivity surge, PwC says

Coastal Contracts Bhd (KL:COASTAL) has secured the sale of an offshore support vessel (OSV) and a charter extension for a separate vessel.

Coastal Contracts bags vessel sale, five-year charter extension

Shares of Menang Corp (M) Bhd (KL:MENANG) rose to its highest in nearly nine months after the property development and management company declared a special dividend amid six-year high quarterly earnings.

Copper surged to its highest-ever level, extending a months-long rally driven by financial investors who’ve piled into the market in anticipation of deepening supply shortages.

Futures on the London Metal Exchange (LME) jumped more than 4%, taking copper past US$11,000 (RM51,529) a tonne for the first time, before paring some gains in afternoon trading.&nbsp;