<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 5): RHB Retail Research said Southern Cable Group Bhd is eyeing to resume an uptrend movement as it attempted to surpass the consolidation phase of 38 sen on Thursday (Aug 4), supported by significant trading volume.</div>

<div class=newsTextDataWrapInner>In a trading stocks note on Friday, the research house said if the stock manages to surpass above that level, it is expected to propel towards 40 sen, or April 7’s high, and then the next resistance level of 42.5 sen — Dec 14, 2021’s high.</div>

<div class=newsTextDataWrapInner>“If it falls below the 35.5 sen support, the recent uptrend movement may reverse as it forms a 'lower low' bearish pattern,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

KUALA LUMPUR (Aug 5): RHB Retail Research said Southern Cable Group Bhd is eyeing to resume an uptrend movement as it attempted to surpass the consolidation phase of 38 sen on Thursday (Aug 4), supported by significant trading volume.

In a trading stocks note on Friday, the research hou...

Southern Cable eyeing to resume uptrend movement, says RHB Retail Research 

Blogger Wan Muhammad Azri Wan Deris, or Papagomo, was charged in the Sessions Court here on Thursday with posting seditious articles against His Majesty Sultan Ibrahim, King of Malaysia on his X account.

Wan Muhammad Azri, 41, who is also a former Umno Youth exco member, pleaded not guilty to the charge before Judge Siti Aminah Ghazali.

Papagomo charged with sedition against King

South Malaysia Industries Bhd (SMI) has appointed Leow Thang Fong as its new chief executive officer, effective May 1, two months after a group of shareholders rejected him from being re-elected executive director at its annual general meeting (AGM).

SMI appoints ex-ED Leow Thang Fong as its CEO

Prime Minister Datuk Seri Anwar Ibrahim said addressing issues such as hardcore poverty, infrastructure development and basic amenities remain an enduring commitment of the Madani Government, particularly in Kelantan.

He said these issues should ideally be resolved promptly to overcome prolonged hardship for those affected.

Madani Govt firmly committed to resolving people's issues, hardcore poverty — PM

The Federal Government agrees with the Kelantan government's proposal to extend the runway at the Sultan Ismail Petra Airport by 400 metres for it to become an international airport.

Prime Minister Datuk Seri Anwar Ibrahim said he had asked Transport Minister Anthony Loke Siew Fook to expedite the ongoing construction of the airport.

Sultan Ismail Petra Airport to be upgraded as international airport — Anwar

Datuk Seri Anwar Ibrahim on Thursday reprimanded the Immigration Department over congestion issues at the country’s borders, particularly in airports.

Describing the rebuke as akin to "parental love" to improve congestion issues at counters handling entry of tourists, the prime minister said tourists would not accept excuses for delays, and hoped the issue could be dealt with effectively.

PM rebukes Immigration Dept over tourist entry congestion

Prime Minister Datuk Seri Anwar Ibrahim held a closed-door meeting on Thursday with Kelantan Menteri Besar Datuk Mohd Nassuruddin Daud regarding the development of the state.

It is understood that the briefing on this matter was delivered by Mohd Nassuruddin

Anwar holds closed-door meeting with Kelantan MB

Ajinomoto (M) Bhd’s RM2.12 special dividend announced in July last year in conjunction with a land disposal exercise will go ex on May 15.

Ajinomoto’s special dividend of RM2.12 goes ex on May 15

Former attorney general Tan Sri Mohamed Apandi Ali's special officer could have won her defamation suit against Sarawak Report editor Clare Rewcastle-Brown, if not for a technicality — that all court pleadings must be filed in Bahasa Melayu, according to the High Court judicial commissioner who presided over the case.

Court says Apandi's former aide could have won defamation suit against Sarawak Report editor if not for a technicality

Chinese President Xi Jinping heads to Europe for the first time in five years next week in a visit that may lay bare European divisions over trade with Beijing and how the continent positions itself as a pole between the United States and China.

Xi's trip to Europe may lay bare West's divisions over China strategy

Aldrich Resources Bhd said it is reconsidering an earlier plan to diversify into dolomite and gold mining, and has suspended these operations for the time being.

Aldrich Resources suspends mining venture after one year

US software giant Microsoft Corp said on Thursday it would invest US$2.2 billion (RM10.5 billion) over the next four years in cloud and artificial intelligence (AI) infrastructure in Malaysia.

Microsoft to invest US$2.2 bil in Malaysia over next four years on cloud, AI

Protasco Bhd, which has businesses ranging from hotel to engineering, said on Thursday it has received an offer to buy its unit Ikram Education Sdn Bhd which owns the Infrastructure University Kuala Lumpur (IUKL).

Protasco gets offer from HK firm to buy its university unit

Feytech Holdings Bhd's initial public offer (IPO) on Main Market of Bursa Malaysia is offering&nbsp;252.94 million shares at 80 sen apiece.&nbsp;

Feytech's Main Market IPO to raise over RM201m

Subang Airport, officially known as Sultan Abdul Aziz Shah Airport, will likely be able to handle jet aircraft by the third quarter this year, according to Transport Minister Anthony Loke.

Subang Airport’s jet ops likely to start in 3Q, also eyes business jets — Loke

Mechanical and electrical engineering services provider Pasukhas Group Bhd has secured a RM56.98 million contract to build a data centre in Selangor.

Pasukhas secures RM57m contract from US company to build data centre in Selangor 

The additional investment by Microsoft amounting to US$2.2 billion or RM10.5 billion in the country over the next four years is the largest single investment by the company in its 32 years in Malaysia.

Microsoft’s new US$2.2b outlay is company’s largest single investment in Malaysia, says Anwar

The High Court on Thursday dismissed Tengku Datuk Zafrul Abdul Aziz's application to file an affidavit with regards to Datuk Seri Najib Razak's judicial review application to unearth an addendum to his pardon order that detailed he was to spend the remainder of his sentence under "house arrest".

Court rejects Zafrul’s bid to file affidavit on Najib’s ‘house arrest’ order

Smart Asia Chemical Bhd, an industrial paint and coating manufacturer, on Thursday has begun taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM37.4 million.&nbsp;

Smart Asia Chemical starts taking orders for ACE Market IPO to raise RM37.4 mil

Shares of Ge-Shen Corp Bhd rose as much as 14.91% to a new record high of RM4.47 on Thursday, following the emergence of Chin Hin Group’s Chiau family as its second largest shareholder.

Ge-Shen shares hit new high on emergence of new substantial shareholder

Yinson Production, the offshore production business unit of Yinson Holdings Bhd, has closed the limited recourse term loan facility of up to US$1.3 billion (RM6.2 billion) for the pre- and post-delivery financing of the Agogo floating, production, storage and offloading (FPSO) vessel, which will be deployed in Angola.

Yinson unit secures single largest term loan of US$1.3b to finance Agogo FPSO delivery

US President Joe Biden included ally Japan along with rivals China and Russia in a list of countries he called “xenophobic” in a speech at a campaign fundraising event in Washington.

Biden calls ally Japan ‘xenophobic’ along with China, Russia

theedgemalaysia.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Thursday. Two stocks showed positive momentum while five stocks showed negative momentum.

GHL Systems, Oppstar, Bursa Malaysia, Country View, Fiamma, Marco, Tambun Indah 

Malaysia’s biggest port operator Westports Holdings Bhd said on Thursday its net profit rose 11.4% year-on-year (y-o-y) in the first quarter, thanks to higher container revenue, coupled with higher finance income and share of results of a joint venture (JV).

Westports' 1Q net profit up 11% on higher container revenue, finance income and share of results of JV

Smart Asia Chemical Bhd, en route to Bursa Malaysia’s ACE Market, expects its new plant in Perak to triple its production capacity while allowing the paint and coating manufacturer to be closer to its clients.

Smart Asia Chemical to triple capacity with new plant from IPO proceeds

The El Nino phenomenon hitting the country is expected to continue for the next two months, said Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad.

El Nino to last two more months; 2024 could be Malaysia’s hottest year — Nik Nazmi 

South Korea's SK Hynix said on Thursday its high-bandwidth memory (HBM) chips used in AI chipsets were sold out for this year and almost sold out for 2025 as businesses aggressively expand artificial intelligence services.

Nvidia supplier SK Hynix says HBM chips almost sold out for 2025

IT will be a busy year for the energy sector. Over the past month, there has been a slew of announcements, with the latest being the establishment of the Energy Exchange Malaysia (Enegem).

The Enegem programme will start with a project with a pilot auction of 100mw of renewable energy (...

Cover Story: A busy year for RE players

Local authorities' investigations into 1Malaysia Development Bhd (1MDB) involved "thousands" of documents, and not all of them could be specifically shown to imprisoned former prime minister Datuk Seri Najib Razak when his statement was recorded, the court heard on Thursday.

MACC IO says 'thousands' of docs involved in 1MDB probe, impossible to show each one to Najib

Food ingredients supplier Agricore CS Holdings Bhd said on Thursday it has signed an agreement with M&amp;A Securities to underwrite its initial public offering (IPO) on the ACE Market.

Agricore CS signs underwriting agreement for ACE Market IPO

DBS Group Holdings Ltd’s chief executive officer Piyush Gupta expects another year of record profit after Singapore’s biggest lender delivered better-than-expected results thanks to strong lending and wealth fees.