<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 13): PublicInvest Research said Malaysia Building Society Bhd (MBSB) is attempting to put a halt to its prior downtrend.</p></div>

<div class=newsTextDataWrapInner><p>In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term.</p></div>

<div class=newsTextDataWrapInner><p>“Should resistance level of 61 sen be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of 67.5 sen. &nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“However, failure to hold on to support level of 53 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.</p></div>

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KUALA LUMPUR (Aug 13): PublicInvest Research said Malaysia Building Society Bhd (MBSB) is attempting to put a halt to its prior downtrend.

In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation ...

Possible for further recovery for MBSB, says  PublicInvest Research

The Dutch right-wing parties that have been in coalition talks for months following Geert Wilders’ shock election victory will form the next government “as soon as possible,” according to the head of a pro-business party.

Wilders’ coalition partner says Dutch cabinet to be formed soon

Former 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi told the High Court here Monday that he has no knowledge as to why the government dropped him as a defendant in 1MDB subsidiary SRC International’s US$1.18 billion (RM5.64 billion) civil suit against former prime minister Datuk Seri Najib Razak and the company's former chief executive officer Nik Faisal Ariff Kamil.

Ex-1MDB CEO Shahrol says doesn’t know why govt dropped US$1.18b SRC suit against him

Police have recorded the statement of a journalist from an English-language portal to assist investigations regarding the publication of an article alleging talks of a casino licence to revive the Forest City property project in Johor.

IGP: Journalist quizzed over Forest City casino report, more to follow

Malaysia’s central bank is unlikely to follow its counterparts in Indonesia and Philippines in raising interest rates when its monetary policy committee meets this week, HSBC said.

Malaysia unlikely to follow in Indonesia's, Philippines' rate hike footsteps — HSBC

Domestic travellers spent 166.9 billion yuan (RM109.7 billion) during one of China's longest breaks, the May Day holiday, a rise of 13.5% from pre-pandemic levels, government data showed on Monday, but expenditure per head lagged 2019 rates.

China May Day holiday spending shows mixed picture on post-Covid recovery

Gamuda Land, the property arm of Gamuda Bhd, welcomed new tenants to its Quayside Mall and an international school to its Quayside Tower, through a memorandum of understanding (MOU) signing ceremony on April 25, according to a press statement on Monday.

Gamuda Land’s Quayside Mall in Kota Kemuning welcomes new tenants; Quayside Tower gets an international school 

KUALA LUMPUR (May 6): Prime Minister Datuk Seri Anwar Ibrahim called for a global unified response on Monday, as the world confronts an increasingly fragmented global landscape that threatens collective security and prosperity.

Anwar calls for unified response as world confronts fragmented global landscape

Riyadh Air plans to expand its fleet with additional aircraft orders following its initial purchase of Boeing Co long-range jets last year, as the startup Saudi carrier seeks to establish itself alongside regional incumbents like Emirates and Qatar Airways.

Riyadh Air teases follow-up aircraft orders ahead of 2025 debut

THE long-awaited sale of Sapura Energy Bhd’s remaining 50% stake in its exploration and production (E&P) unit — SapuraOMV Upstream Sdn Bhd — has finally come to pass. However, its largest shareholder, Permodalan Nasional Bhd (PNB), cannot breathe a sigh of relief yet.

Last week, the...

Sale of crown jewel alone won’t revive Sapura Energy

The Court of Appeal (COA), in reinstating four graft charges against former prime minister Tan Sri Muhyiddin Yassin, has ruled that the charges met all the ingredients of an offence under stipulated laws, and were not ambiguous.

COA rules Muhyiddin’s four charges clear enough, unambiguous 

<p>BMI, a Fitch Solutions company, said Malaysia's deepwater explorations are expected to accelerate as more investments are directed towards under-explored areas.</p>


BMI: Deepwater exploration in Malaysia gathers momentum

<p>The FBM KLCI’s uptrend has been relentless since mid-April as accumulation on blue chips&nbsp;by both local institutions and foreign funds continues, according to Rakuten Trade.</p>


Banks, construction to be in focus as FBM KLCI could test 1,600 soon, says Rakuten Trade 

<p>Fraser &amp; Neave Holdings Bhd (F&amp;N) shares surged to their highest in five years on Monday, as better-than-expected results buoyed investors' optimism, while analysts maintained their calls following a briefing.</p>


F&N surges to five-year high on better earnings, outlook

<p>Maybank Investment Bank (Maybank IB) on Monday began coverage of SAM Engineering &amp; Equipment (M) Bhd with a counter-consensus ‘buy’ call, betting on the cyclical recovery of aerospace and semiconductor sectors.</p>


Maybank IB joins coverage of SAM Engineering with counter-consensus ‘buy’ call

<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>

<p>In an alert last Thursday, the commission said the following persons/entities were added to the list:</p>


SC adds six entities to Investor Alert List, four being potential clones

<p>Foreign buying of Malaysian equities surged 3.6 times to RM1.06 billion last week from RM292.2 million the prior week, as they net bought every day of the week.</p>


Foreign buying of local equities surged to RM1.06b last week, says MIDF

<p>Prime Minister Datuk Seri Anwar Ibrahim will be having an online meeting with tech giant Google on Monday.</p>

<p>Without disclosing more details on the issues to be discussed, he said Malaysia has continued to receive interests from foreign investors.</p>


Anwar scheduled to have online meeting with Google on Monday

<p>Phillip Capital has initiated coverage on T7 Global Bhd with a “buy” rating at 53 sen and a target price of 68 sen.</p>


Phillip Capital starts coverage on T7 Global, target price 68 sen 

<p>Proton Holdings Bhd reported on Monday its car sales rose by 17.1% to 11,025 vehicles in April (including domestic and exports) compared to the 9,415 units sold last year.&nbsp;</p>


Proton records sales of 11,025 units in April, higher by 17.1% y-o-y

<p>KUALA LUMPUR (May 6): Defence Services Asia (DSA) 2024 and National Security Exhibition (Natsec) Asia 2024 are able help the country gauge whether its&nbsp;defence assets are in line with the latest technological advances.</p>


Asia defence services and security exhibition a medium to evaluate national assets in line with current tech — minister

<p>LONDON (May 6): High Chinese tariffs on EU brandy would leave French companies with vast amounts of cognac that could be hard to sell elsewhere, according to Reuters' calculations, analysts, and investors who fear firms could be forced to discount.</p>

<p>China opened an anti-dumping investiga...

Chinese tariffs could leave cognac makers with too much brandy

<p>Robusta coffee prices have climbed to the highest in 45 years, according to the International Coffee Organisation (ICO), as a supply crunch intensifies for the variety used in espresso blends and instant drinks.</p>


Coffee variety priciest in 45 years in blow to instant brews

<p>The Attorney General's Chambers (AGC) will be objecting to Muar Member of Parliament Syed Saddiq's leave application to take legal action against Prime Minister Datuk Seri Anwar Ibrahim and the government over RM730,300 in allocations meant for his constituency.</p>


AGC to object to Syed Saddiq's leave application over unpaid allocations

<p>Asian stocks rose to their highest in over a year on Monday on renewed bets that the Federal Reserve (Fed) would most likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.</p>


Asia shares rally on China's gains, Fed cut bets; yen weakens

<p>President Xi Jinping has arrived in France to begin talks aimed at stabilising China’s relationship with Europe, as he tries to perform damage limitation on trade ties with the key bloc.</p>


Xi begins Europe tour in Paris as Macron seeks to reset ties

<p>Billionaire investor Warren Buffett said there are “load of opportunities” in India, but he’s leaving them to future management.</p>


Buffett says India holds ‘unexplored’ opportunities for future Berkshire leaders

<p>The Road Transport Department (JPJ) said that the insurance comparison platform BJAK has not received approval to offer road tax renewal services.</p>


BJAK not authorised for road tax renewal services, says JPJ

<p>Analysts have raised their earnings forecasts and target prices (TPs) for plastic packaging maker SLP Resources Bhd, after the group's latest financial results beat their expectations due to improved product mix and higher output.</p>


Analysts raise SLP Resources earnings forecasts, TPs after strong 1Q performance

<p>theedgemalaysia.com highlighted one stock with positive momentum and five stocks with negative momentum at Bursa Malaysia's afternoon close on Monday. &nbsp;</p>


Inta, SNS, Harbour, Marco, Fiamma, SAM 

<p>NCT Group of Companies has signed memorandums of understanding (MOUs) with SMARTSEL Sdn Bhd and Mikro Sdn Bhd to scale up the capabilities of the NCT Smart Industrial Park (NSIP), while introducing advanced sustainability practices geared to positively impact its carbon footprint.</p>
