<div class=newsTextDataWrapInner><p>(July 5): Shares of SIA Engineering Co Ltd rise as much as 8.8% to S$2.960 in their best intraday session since Oct 2008</p></div>

<div class=newsTextDataWrapInner><p>DBS upgrades the stock to "buy" from "hold", raises price target (PT) to S$3.01 from S$2.60; cites renewed optimism over privatisation of co by parent Singapore Airlines</p></div>

<div class=newsTextDataWrapInner><p>"Given SIE's rather uninspiring stock price performance over the last 12 months, parent SIA could thus view current valuations as attractive for privatisation," DBS says</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"The rationale for privatization is also pretty strong, in our view, as SIA currently has close to a 78% stake in its maintenance, repair, operations unit, and the benefits of keeping SIE listed is not entirely apparent," DBS says</p></div>

<div class=newsTextDataWrapInner><p>DBS says PT upgrade factors in a 20% privatisation premium to the aircraft maintenance provider's last traded price</p></div>

<div class=newsTextDataWrapInner><p>Stock at its highest since early-Oct 2018</p></div>

<div class=newsTextDataWrapInner><p>About 10.3 mln shares traded, compared with 30-day avg vol of 432,483 shares</p></div>


Shares of SIA Engineering Co Ltd rise as much as 8.8% to S$2.960 in their best intraday session since Oct 2008

Singapore's SIA Engineering surges as DBS upgrades to 'buy' on privatisation hopes

Vietnam's parliament has asked the government to investigate gold trading firms for possible market manipulation amid soaring domestic prices, state media reported on Tuesday.

Vietnam to probe gold traders for possible manipulation as prices soar

The Ministry of Transport (MOT) has not been informed of any corporate deal involving Malaysia's biggest port operator MMC Port Holdings Sdn Bhd, said its Minister Anthony Loke Siew Fook.

MOT unaware of potential MMC Port stake sale to foreign investors, says Loke

Microsoft Corp will invest US$1.5 billion (RM7.19 billion) in the United Arab Emirates’ top artificial intelligence firm, G42, bolstering the Abu Dhabi-based company’s commitment to scale back its presence in China.

Microsoft invests US$1.5b in UAE’s G42, will get board seat

Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).

Analysts positive on pilot green power exports to Singapore; name Tenaga, YTLP as top picks

Workers in Singapore can now ask for four-day work weeks, more work-from-home days and staggered work timings starting from Dec 1, underscoring the global trend of governments and companies relaxing office arrangements in order to retain talent.

Singapore orders all employers to consider employees’ flexi-time requests

The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.

Loke: Higher contract value awarded to HeiTech Padu due to longer extended duration

Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.

CIMB’s Abdul Rahman Ahmad returns to PNB as president, group chief executive

Most central banks across Asia are likely to begin cutting interest rates later in the year — if at all, according to economists at Morgan Stanley, as the Federal Reserve delays its own policy easing.

Morgan Stanley sees US Fed cut delay pushing back easing in Asia

Gold is set to reach US$3,000 (RM14,381.71) an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup Inc said, adding to a roll call of Wall Street banks that have raised forecasts.

Gold seen hitting US$3,000 at Citi as investor inflows juice rally

Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.

Oil prices rise on solid China growth, Middle East tensions

<p>The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to <i>Forbes Asia</i>.</p>


Wealth of Malaysia’s 50 richest individuals on Forbes list rises 2% — Forbes Asia 

<p>Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.</p>


<p>E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.</p>

<p>According to separate bourse filings from both companies on Tuesday, MyEG and HeiTech Padu have inked a teaming agreement for the collaboration.&nbsp;</p>


MyEG, HeiTech Padu form partnership to collaborate on IT projects

<p>Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.</p>


AmInvestment sees Alliance Bank’s 4Q earnings jump by 37% y-o-y

<p>CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.</p>


CIMB says CEO Abdul Rahman Ahmad stepping down on June 30

<p>Asian stocks sank and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected US retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.</p>


Asian shares slide on US rate cut rethink, Middle East worries

<p>Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.</p>


What observers are saying as Singapore’s Lee paves way for next PM Wong

<p>China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.</p>


Iran able to 'handle situation' and spare Middle East more tension, China's foreign minister says

<p>The automotive industry is not exactly the place one would want to be in the next few years.</p>

<p>Competition among manufacturers of internal combustion engine vehicles, battery electric vehicles (EVs) and hybrid cars has been ongoing for more than a decade now. Last year, some certainty fin...

Alternative Views: Automotive industry feels heat from intensifying EV price war

<p>Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.</p>


Carlo Rino files draft prospectus for listing transfer to ACE Market

<p>Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;</p>


Bursa ends morning session lower along with regional peers

<p>RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.</p>


Cosmos Technology has confirmed bullish setup, says RHB Retail Research 

<p>KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.</p>

<p>In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.</p>


KTI Landmark inks underwriting deal with M&A Securities en route to ACE Market listing

<p>RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.</p>


Notion VTec aiming to extend upside movement — RHB Retail Research 

<p>Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.</p>


Muhyiddin seeks five-judge bench to hear criminal charges review

<p>There is "no urgency" to cut US interest rates, Mary Daly, the president of the San Francisco Federal Reserve Bank, said on Monday, with the economy and labour market strong, and inflation still above the Fed's target of 2%.</p>


US Fed should not act urgently to cut rates unless required, Daly says

<p>The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.</p>


<p>The recent attack by Iran on Israel represents a dangerous expansion of the Israel–Hamas war and raises the risk of a sharp escalation of the conflict, according to S&amp;P Global Ratings.</p>


S&P: Medium-term trajectory remains fraught with risk after recent attack by Iran on Israel

<p>The ringgit opened lower against the US dollar for the second consecutive day on Tuesday as the greenback strengthened following robust US retail sales data for March, said an analyst.</p>


Ringgit opens lower against dollar on strong US retail sales data 

<p>Shares of EP Manufacturing Bhd (EPMB) climbed on Tuesday and set for its best day in ten months after the auto parts maker signed a 10-year vehicle assembly deal with a Chinese carmaker.</p>
