<div class=newsTextDataWrapInner>KUALA LUMPUR (Dec 23): PublicInvest Research said Star Media Group Bhd is attempting to pick up its prior uptrend following its recent pullback.</div>

<div class=newsTextDataWrapInner>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.</div>

<div class=newsTextDataWrapInner>“Should resistance level of 50 sen be broken, it may continue to lift price higher to subsequent resistance level of 53 sen.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“However, failure to hold on to support level of 46.5 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.</div>

KUALA LUMPUR (Dec 23): PublicInvest Research said Star Media Group Bhd is attempting to pick up its prior uptrend following its recent pullback.

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

Possible for further upside in Star Media, says PublicInvest Research

Glove manufacturer Supermax Corp Bhd (KL:SUPERMX) is acquiring the remaining 33% equity interest in its 67%-owned subsidiary Supermax Healthcare Canada Inc (SHCI) for C$5.5 million (RM18.96 million) cash.

Supermax is acquiring the stake from Sylvain Bergeron, who has been a business partner of the company since 2004 when Supermax's founder and managing director Datuk Seri Stanley Thai Kim Sim partnered with Bergeron to start the Canadian branch of Supermax.

Supermax acquires remaining stake in 67%-owned loss-making Canadian unit for RM18.96 mil cash

PLDT Inc, the Philippines’ biggest telecom company, is seeking “north of US$1 billion” (RM4.74 billion) valuation for its data centre business as it weighs either a partial sale or a real estate investment trust listing for the assets.

Top Philippine telco seeks US$1b valuation for data centres

China is considering a proposal to exempt individual investors from paying dividend taxes on Hong Kong stocks bought via Stock Connect, according to people with knowledge of the matter.

China mulls dividend tax waiver on Hong Kong stocks via Stock Connect

KUALA LUMPUR (May 9): Solarvest Holdings Bhd (KL:SLVEST) said on Thursday that it has secured a contract worth RM40.40 million to install rooftop solar photovoltaic systems.

Solarvest gets RM40.40m contract from Scientex to install rooftop solar PV systems

A total allocation of RM180 billion in the construction sector for government and private sector projects will be up for grabs this year, according to Deputy Works Minister Datuk Seri Ahmad Maslan.

RM180 bil available for construction sector jobs this year — Ahmad Maslan

Spanish bank BBVA launched a hostile  €12.23 billion (RM62.1 billion) all-share takeover bid for Sabadell on Thursday, after its smaller rival rejected the same proposal earlier this week.

Spain's BBVA announces US$13b hostile takeover offer for Sabadell

Bad weather and war are threatening to keep the world’s wheat supplies under strain and reviving the spectre of rising food costs.
 
From soggy fields in western Europe to parched soil in Australia and Moscow’s invasion holding back Ukrainian supplies, farmers face setbacks.

Bad weather, war putting a straining on world’s wheat supply

The Securities Commission Malaysia has finally managed to charge a man related to a securities fraud involving RM17.6 million in 2007, following his arrest on his return to Malaysia on Wednesday after having evaded authorities for 15 years.

Man who evaded the law for 15 years charged with abetment in securities fraud

Home improvement retailer Mr DIY Group (M) Bhd said on Thursday its net profit rose 13% in the first quarter from a year earlier thanks to sales from new stores, while margins expanded as supply chain disruption and freight costs eased.

Mr DIY 1Q net profit rises 13% on sales from new stores, higher margins

Malaysia has launched the commercial trading of Renewable Energy Certificates (RECs) through the Malaysian Green Attribute Trading System (mGATS) to be operated by Tenaga Nasional Bhd (KL:TENAGA).

The commercial trading of the certificates through mGATS commenced on May 8, the Ministry of Energy Transition and Water Transformation (Petra) said in a statement. Tenaga will ensure that the certificates are internationally certified by reputable registries, such as the I-TRACK Foundation, it noted.

Malaysia kicks off Renewable Energy Certificates commercial trading

Shares of VSTECS Bhd (KL:VSTECS) climbed to a new all-time high on Thursday as investors scrambled for a piece of the company that has been appointed the country’s first distributor of Amazon Web Services (AWS).

VSTECS shares hit new record high on Amazon Web Services partnership

The property arm of Sunway Bhd (KL:SUNWAY), Sunway Property's newly launched Sunway Velocity 3 residential project has achieved a take-up rate of 60%, with over 400 out of 695 units snapped up during its opening weekend on May 4.

Sunway Velocity 3 residential development 60% taken up at launch 

Gen Zers risk starting further and further behind previous generations building a life for themselves as soaring rents chew into their disposable income, leaving them deeper in a financial hole they are still digging, said Fortune.

Gen Z sinking deeper into debt as higher education and housing costs weigh, new data shows — report

Malaysia’s central bank on Thursday left the benchmark interest rate unchanged as widely expected, citing improving economic activity amid moderate inflation.

BNM keeps overnight policy rate unchanged as widely expected

Shares of Kerjaya Prospek Group Bhd (KL:KERJAYA) surged to a new record high on Thursday, as investors bet on better earnings growth for its upcoming financial results for the first quarter ended March 31, 2024 (1QFY2024).

Kerjaya Prospek shares at fresh record high on expectation of better 1Q

Shares of Sarawak Cable Bhd (KL:SCABLE) fell to its lowest in five months on Wednesday after the loss-making cable manufacturer's so-called resuscitation exercise has been terminated.

Sarawak Cable shares fall to five-month low after losing its white knight

UOB KayHian has initiated coverage on Lagenda Properties Bhd (KL: LAGENDA) with a “buy” rating at RM1.49 and target price (TP) of RM2.05.

UOB KayHian starts coverage on Lagenda Properties, target price RM2.05

A total allocation of RM180 billion in the construction sector for government and private sector projects will be up for grabs this year, according to Deputy Works Minister Datuk Seri Ahmad Maslan.

Transport Minister Anthony Loke on Thursday said the ship allegedly owned by an Israeli company while using a port in this country has actually changed ownership. It now belongs to another company based in Hong Kong.

Alleged Israeli ship that recently docked in Malaysia has changed hands, Loke clarifies

PUTRAJAYA (May 9): The Federal Court on Thursday granted permission for National Feedlot Corporation Sdn Bhd (NFCorp) and four others including its chairman Datuk Seri Mohamad Salleh Ismail to have the merits of their appeal on damages against Public Bank Bhd (KL:PBBANK) to be heard.

Apex court grants permission to hear quantum of damages to NFCorp’s appeal and Public Bank’s liability cross-appeal

MEMBERS’ ability to decide not to transfer existing Employees Provident Fund (EPF) savings into the newly created Flexible Account 3 for anytime withdrawals is seen as the saving grace to what critics deem as a short-sighted compromise that will prove to have longer-term consequences.

I...

Cover Story: Who pays for anytime EPF withdrawals?

LBS Bina Group Bhd (KL: LBS) has launched SkyRia, the latest addition to its D'Island Residence project in Puchong.

LBS Bina launches RM457 mil SkyRia residential project in Puchong

Malaysia’s largest telecom company by revenue Axiata Group Bhd (KL:AXIATA) may face earnings pressure from a potential merger of its unit PT XL Axiata with PT Smartfren Telecom in Indonesia, and investors should sell the stock, said MIDF Amanah Investment Bank.

MIDF says Axiata may face earnings pressure ahead, downgrades stock to 'sell'

Former finance minister Tun Daim Zainuddin has failed in his appeal to reinstate his legal challenge against the Malaysian Anti-Corruption Commission (MACC) over its investigation into his and his family’s finances, which had led to the freezing of their various accounts and the seizure of Ilham Tower.

Daim and family fail to reinstate legal challenge against MACC investigations and criminal charges

Mah Sing Group Bhd (KL:MAHSING), via its unit Star Residence Sdn Bhd, officially launched its latest serviced apartment development named M Zenya in Kepong, Kuala Lumpur on May 9 during the opening ceremony of its sales gallery at Sungai Mas Plaza at Jalan Ipoh.

Mah Sing officially launches M Zenya serviced apartment in Kepong with 92% take-up

(May 9): Opulent, elevated, expensive. There are plenty of descriptive terms for the A$90 million (US$59 million or RM280.88 million) home perched high in Crown Resorts Ltd’s twisting skyscraper in Sydney. “Sold” is not one of them.

The chrome-heavy duplex has been on the market since a...

Luxury US$59m Sydney home remains unsold as rich Chinese buyers leave

Malaysia should seize opportunities, endeavour to advance reforms and remove barriers to clinical research, said Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia should grab chance to advance reforms in clinical research, says PM 

Malaysia’s wholesale and retail sales grew 5.2% in March from a year earlier, thanks largely to higher retail sales in non-specialised stores and other specialised wholesale, official data on Thursday showed.

Malaysia’s wholesale, retail sales climb 5.2% in March, official data show

Apex Securities Bhd expects the local bourse to continue to trend sideways following the FBM KLCI’s retreat after hitting the 1,600 resistance level amid weakened sentiment across global stock markets and investors awaiting fresh catalysts.

Apex Securities expects local bourse to continue to trend sideways 

WhatsApp’s begun working freely and consistently for some users in China despite a longstanding government ban on the messaging service, an unusual phenomenon for a country with some of the world’s strictest internet curbs.