<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 6): RHB Retail Research said Redtone International Bhd’s multi-week retracement may have reached an interim low.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said a positive bias may emerge above 35.5 sen with resistance eyed at 39 sen followed by 41 sen.</p></div>

<div class=newsTextDataWrapInner><p>“A stop-loss can be placed below 35.5 sen,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Aug 6): RHB Retail Research said Redtone International Bhd’s multi-week retracement may have reached an interim low.

In a trading stocks note today, the research house said a positive bias may emerge above 35.5 sen with resistance eyed at 39 sen followed by 41 sen.

...

Redtone’s retracement may have reached an interim low, says RHB Retail Research

FRANKFURT (April 29): Deutsche Bank has warned a protracted lawsuit claiming it underpaid for Postbank could cost Germany's largest lender up to 1.3 billion euros ($1.39 billion).

Deutsche acquired the no-frills Postbank during the financial crisis seeking to broaden its reach in G...

The trio of problems dogging Deutsche Bank's Postbank arm

TA Global Bhd announced its partnership with OpenMinds Groups for a newly launched property listing app named OpenHouse by signing a memorandum of understanding (MOU) on April 27, according to a statement on Monday.

TA Global first to partner OpenMinds Group for its new property listing app named OpenHouse

Sime Darby Property Bhd has achieved a 100% take-up rate for The Corak freehold commercial hub at the Serenia City township in Sepang, according to a press statement issued on Monday. The Corak is the township's first commercial hub.

Sime Darby Property achieves 100% take-up for The Corak commercial hub in Serenia City

Blackstone-owned Crown Resorts will cut up to 1,000 roles in Melbourne, Perth and Sydney, it said on Monday, as weak economic conditions continue to impact its business and as it struggles to keep up with regulatory obligations.

Blackstone-owned Crown Resorts to cut up to 1,000 jobs as challenges mount

theedgemalaysia.com highlighted three with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

Supercomnet Technologies, MyEG, BP Plastics, LGMS, Turiya

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).

YTL Power, YTL Corp touch new highs

FROM confidence of an interest rate cut as early as March at the start of the year, market expectations on when the US Federal Reserve will begin trimming interest rates have changed so drastically that hardly anyone expects a rate cut when the Federal Open Market Committee (FOMC) next decides on...

The State of the Nation: Watching the ringgit as markets adjust to possible near-zero Fed cuts in 2024 

BOARDROOM changes are likely afoot at Affin Bank Bhd. Sarawak, which is awaiting regulatory approval to become the largest shareholder in the banking group, is said to be seeking two seats and chairmanship of the board.

“It wants representation via two board seats and the chairmanship,”...

Newsbreak: Sarawak seeking two board seats and chair in Affin Bank, sources say  

SEPANG (April 29): The Malaysian Aviation Commission (Mavcom) is aiming for a full implementation of its quality standard framework for the country’s two main airports by the end of this year.

Mavcom to fully implement Airports Quality of Service Framework at KLIA T1, T2 by year end

Engineering solutions provider Kawan Renergy Bhd, en route to list on Bursa Malaysia's ACE Market next month, said on Monday that it anticipates minimal effect on its financial performance due to the escalating steel prices driven by surging commodity costs.

ACE Market-bound Kawan Renergy sees minimal impact on earnings amid rising steel prices

<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>


Boycott causes over 100 KFC outlets to suspend ops, report says

<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>


Berjaya Corp lodges police report to identify 'unnamed source' in Forest City casino resort debacle

<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>


YNH Property surges 11% to three-week high after default remedy

<p>KUALA LUMPUR (April 29): Mercury Securities Sdn Bhd has recommended investors “subscribe” 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 price.</...

Mercury Securities advises investors to subscribe ACE Market-bound Farm Price with fair value of 29 sen 

<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>


Kawan Renergy sets IPO price at 30 sen apiece in bid to raise RM33m 

<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>


UOA Development to launch two projects worth RM2.7b by June

<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>


TotalEnergies has stated commitment to boost investment in Malaysia's upstream O&G sector — Anwar

<p>Three people, including a two-year-old boy, died after a Huawei-backed Aito M7 SUV burst into flames following a collision with a truck on a highway in the Chinese city of Yuncheng in the northern province of Shanxi, state media said.</p>


China crash involving Huawei-backed Aito electric vehicle kills three

<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>


US ramps up help as countries plan response to China’s bullying

<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>


China firms go 'underground' on Russia payments as banks pull back

<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>


Turiya rallies to over three-year high with entry of Mohan Swami, partner

<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>


Japan's yen jumps against the dollar on suspected intervention

<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>


MIDF: Foreign investors ended eight weeks of selling with total inflow of RM292m last week

<p>General insurer LPI Capital Bhd said on Monday its net profit surged 37% year-on-year in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.</p>


LPI Capital's 1Q net profit surges 37% on lower reinsurance expenses, higher investment income

<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>


Malakoff inks deal to expand operation and maintenance services to Bangladesh

<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>


Yen surges on suspected intervention, Asian shares rise

<p>Once renowned as avid overseas tourists, the Japanese are staying closer to home these days.</p>


Weaker yen keeps Japanese tourists at home while visitors throng

<p>OpenSys (M) Bhd, which makes automated teller machines, expects a revenue boost from an estimated 3,000 units of cash machines due for replacement in the next three years.</p>


OpenSys expects revenue boost from machine replacements

<p>Shares of Singapore Telecommunications (Singtel) fell as much as 3.3% on Monday to a more than one-week low after it forecast non-cash impairment provisions of S$3.1 billion (RM10.8 billion) for the second half of 2024.</p>
