<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 14): RHB Retail Research said Powerwell Holdings Bhd is attempting to move above the resistance level of 30 sen.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said the increase in trading volume over recent sessions indicate that buying interest is on the rise.</p></div>

<div class=newsTextDataWrapInner><p>“If it trades above 30 sen, expect the bullish momentum to reach the next resistance of 32 sen, followed by 35 sen.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“A downside breach of the 27 sen support level would nullify this expectation,” it said.</p></div>


RHB Retail Research said Powerwell Holdings Bhd is attempting to move above the resistance level of 30 sen.

In a trading stocks note today, the research house said the increase in trading volume over recent sessions indicate that buying interest is on the rise.

Powerwell attempting to move above resistance level, says RHB Retail Research

Analysts have raised their earnings forecasts and target prices (TPs) for Homeritz Corp Bhd, after the group's latest set of financial results beat their expectations on higher-than-expected sales volume.

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Solomon Islands incumbent Prime Minister Manasseh Sogavare said he would not be a candidate when lawmakers vote this week for a new prime minister, and his political party would instead back former foreign minister Jeremiah Manele.

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Social media platform X was back up on Monday after suffering outages earlier in the day, according to outage tracking website Downdetector.com.

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Tin producer Malaysia Smelting Corp Bhd (MSC) on Monday declared a final dividend of seven sen per share, amounting to RM29.4 million, for the financial year ended Dec 31, 2023 (FY2023).

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Turkish Airlines is negotiating with both Airbus and Boeing about buying 235 aircraft as part of its expansion plans, chairman Ahmet Bolat said on Monday.

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Yahoo is letting go of its editorial and social media teams in Singapore. In total, 17 staff will leave the digital news publication after May 7, The Edge Singapore understands.

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Capital A Bhd said on Monday the number of passengers carried rose 17% year-on-year in the first quarter of 2024 on the back of strong travel demand during school holidays and Chinese New Year.

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RIYADH (April 29): Malaysia and Saudi Arabia are in the midst of discussions about new investments into the country, said Prime Minister Datuk Seri Anwar Ibrahim.

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China hinted on Monday that it could retaliate after US President Joe Biden signed into law legislation to boost Taiwan's defences and seeks to get TikTok's Chinese owner to divest from the social media platform.

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PUTRAJAYA (April 29): The Malaysian Anti-Corruption Commission (MACC) has conducted an investigation into the Football Association of Malaysia (FAM) regarding the proposed National Training Centre (NTC) project in Putrajaya, estimated at RM25 million.

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<p>QSR Brands (M) Holdings Bhd is suspending over 100 KFC outlets temporarily nationwide after about half a year of boycott movement, <em>Nanyang Siang Pau</em> reported, citing information from Google Maps.</p>


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<p>Berjaya Corp Bhd (BCorp), which last week denied that its founder Tan Sri Vincent Tan Chee Yioun had participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently, has lodged reports for the police to commence investigation into the above matter, specifically to, amongst others, ascertain and find out the purported “unnamed source” who disseminated complete untrue and false statements.</p>


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<p>Shares of YTL Power International Bhd and YTL Corp Bhd rose to fresh highs on Monday as investors piled on stocks with exposure in artificial intelligence (AI).</p>


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<p>Shares of YNH Property Bhd surged to their highest in three weeks after the real estate developer said it has remedied the technical default of its sukuk programme.</p>


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<p>KUALA LUMPUR (April 29): Mercury Securities Sdn 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 (FV) of 29 sen based on 13x FY2024F earnings per share, translating to 21% upside to IPO pr...

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<p>Engineering solutions provider Kawan Renergy Bhd on Monday began taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM33 million.</p>


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<p>Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.</p>


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<p>Shares of Capital A Bhd and AirAsia X Bhd (AAX) climbed further during Monday’s morning trading session, riding on a proposal announced last Thursday to merge the short- and long-haul airline operations of both companies.</p>


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<p>Top Glove Corporation Bhd bagged the Platinum Trusted Brand Award in the Hygiene/Disposable Gloves category at the Reader’s Digest Malaysian Trusted Brand 2024 awards.</p>


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<p>SUPERMAX Holdings Sdn Bhd (SHSB), which holds 40.3% in Supermax Corp Bhd, is the subject of a winding-up petition.</p>

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<p>TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&amp;G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


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<p>When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.</p>


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<p>Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.</p>


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<p>Shares in LPI Capital Bhd snapped a three-day losing streak on Monday, after the general insurer reported a 37% net profit surge in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.</p>


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<p>An appliance maker in southern China is finding it hard to ship its products to Russia, not because of any problems with the gadgets but because China's big banks are throttling payments for such transactions out of concern over US sanctions.</p>


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<p>After eight consecutive weeks of net selling, foreign investors shifted to become net buyers on Bursa Malaysia last week, with a total investment of RM292.2 million.</p>


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<p>The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to try to underpin a relentless tumble in the currency to levels last seen over three decades ago.</p>


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<p>Malakoff Corp Bhd has inked a partnership with China Northeast Electric Power Engineering &amp; Services Co Ltd (NEPCS) for technical manpower supply for the operation and maintenance (O&amp;M) of combined cycle power plant (CCPP) projects under NEPCS in Bangladesh.</p>


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<p>The yen jumped sharply against its peers on Monday after it slid past 160 per dollar earlier in the session, leading to speculation that Tokyo could have intervened in the currency market while the country was out for a holiday.</p>
