<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 12): RHB analyst Alexander Chia upgraded the recommendation on Sime Darby Bhd to neutral from sell.</p></div>

<div class=newsTextDataWrapInner><p>* Price target (PT) raised to RM2.10 from RM2, implies 4.1% decrease. Sime Darby average PT is RM2.80.</p></div>

<div class=newsTextDataWrapInner><p>* Sime Darby had 7 buys, 8 holds, 1 sell previously: Bloomberg data</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>* Analysts raised their consensus one-year target price for the stock by 5.1 percent in the past three months. Forecasts range from RM2.10 to RM5.15.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Performance Metrics</p></div>

<div class=newsTextDataWrapInner><p>* Investors who followed Chia's recommendation would have received an 11 percent return in the past year, compared with the negative 19 percent return on the shares.</p></div>


RHB analyst Alexander Chia upgraded the recommendation on Sime Darby Bhd to neutral from sell.

Sime Darby Bhd raised to neutral at RHB Research Institute

Digital Minister Gobind to announce 5G development, appointment of DNB board members on Thursday, says Fahmi

TOKYO/SINGAPORE (April 24): Oil prices extended gains on Wednesday after industry data showed a surprise drop in US crude stocks last week, a positive sign for demand, though markets were also keeping a close eye on hostilities in the Middle East.

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Indonesia’s central bank will likely postpone monetary easing to later this year, if not early 2025, as it waits out uncertainty around the Federal Reserve’s (Fed) rate path and the continued fighting in the Middle East.

Rupiah slump may keep Indonesia rate cuts at bay until 2025

HONG KONG (April 24): Hong Kong's bourse operator reported a 13% drop in first-quarter profit on Wednesday, as sluggish trading and muted listing activities weighed on its businesses.

Hong Kong bourse operator's 1Q profit drops on weaker listings, trading

Silchester International Investors, a London-based firm that has advocated for corporate change in Japan, disclosed it has taken a stake in Nikon Corp, pushing the shares up by the most in more than a decade.

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Mobvoi Inc, a Chinese artificial intelligence (AI) developer backed by Alphabet Inc’s Google, dropped as much as 22% in its first day of trading in Hong Kong, marking the third stock debut to flop in the city this week.

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KUALA LUMPUR (April 24): Dataprep Holdings Bhd said on Wednesday that Tan Sri Muhammad Ikmal Opat Abdullah has ceased to be the substantial shareholder in the IT products and services company.

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A key measure of Chinese copper demand just sank to zero, another sign that global prices are not balanced with what buyers in the biggest market are prepared to pay.

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<p>The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.</p>




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<p>Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.</p>

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<p>Analysts predict a decline in earnings for Malaysian automotive companies in 2024, attributed to lower sales volumes and higher operating costs, coupled with the emergence of several Chinese original equipment manufacturers (OEMs) offering attractive pricing.</p>


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<p>E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.</p>


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<p>Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.</p>


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<p>Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;</p>


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<p>Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.</p>


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<p>Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.</p>


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<p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.</p>


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<p>Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the US megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.</p>


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<p>Tesla Inc is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.</p>


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<p>Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.</p>


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<p>Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.</p>


Bursa opens higher, tracking overnight Wall Street

<p>US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.</p>


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<p>Meta Bright Group Bhd said its wholly owned subsidiary FBO Land (Serendah) Sdn Bhd and Doople Tech Sdn Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd, following its recent collaboration with Doople to form a joint venture (JV) company to bid for renewable energy (RE) projects with a Bumiputera equity requirement.</p>


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<p>This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.</p>


Xi’s armada is winning the battle for energy in South China Sea

<p>Sunway Putra Hotel Kuala Lumpur marked the commencement of its lobby area refurbishment with a ground-breaking ceremony.</p>


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<p>The Malaysian Anti-Corruption Commission investigating officer (MACC IO) probing Datuk Seri Najib Razak in relation to the 1Malaysia Development Bhd (1MDB) debacle never asked the former prime minister if he had instructed for the controversial transfer of US$700 million to a company linked to fugitive Low Taek Jho (Jho Low), the court heard on Wednesday.</p>
