KUALA LUMPUR (Nov 27): Techbond Group Bhd, en route to list on the Main Market of Bursa Malaysia on Dec 5, saw the public portion of its initial public offering (IPO) oversubscribed by 24.2 times.

In a statement today, the industrial adhesive manufacturer said 8,158 applications for 289...

Techbond IPO's public tranche oversubscribed by 24.2 times

KUALA LUMPUR: Property developer Glomac Bhd’s net profit rose 4.9% to RM1.06 million in the second financial quarter ended Oct 31, 2018 (2QFY19) from RM1.01 million a year ago, thanks to cost savings from completed projects. Earnings per share remained unchanged at 0.13 sen for 2QFY19.

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Glomac 2Q net profit up 5% on cost savings

KUALA LUMPUR (Nov 27): Based on corporate announcements and news flow today, stocks in focus on Tuesday (Nov 28) may include Tenaga Nasional Bhd, AWC Bhd, Wah Seong Corp Bhd, Hibiscus Petroleum Bhd, PPB Group Bhd, Sime Darby Property Bhd, Petronas Dagangan Bhd, MMC Corp Bhd, Time dotCom Bhd, Tan ...

TNB, AWC, Wah Seong, Hibiscus, PPB, Sime Darby Property, PetDag, MMC, Time dotCom, Tan Chong Motor, Comfort Glove, Serba Dinamik, IHH and Magnum

KUALA LUMPUR (Nov 27): The Western Union Co, a leader in cross-border, cross-currency money movement, has launched a mobile application (app) and website, westernunion.com, in Malaysia, which enable online money transfers to almost anywhere in the world.

"The digital services in Malaysi...

Western Union launches mobile app, website for online money transfers

KUALA LUMPUR (Nov 27): Hibiscus Petroleum Bhd’s net profit shot up to RM100 million in its first quarter ended Sept 30, 2018 (1QFY19), nine times the RM10.78 million it achieved a year ago, as revenue jumped six times on contribution from two producing assets, Anasuria in the UK and North Sabah i...

Hibiscus 1Q earnings jump 9 times with two producing assets

KUALA LUMPUR (Nov 27): Petronas Dagangan Bhd’s (PetDag) net profit fell 65% to RM270.27 million in its third quarter ended Sept 30, 2018 (3QFY18) from RM761.73 million a year ago — despite higher revenue — mainly because the previous year had recognised a subsidiary disposal gain of RM424.6 milli...

PetDag's 3Q profit slumps 65% on absence of disposal gain, lower sales volume

KUALA LUMPUR (Nov 27): Property developer Glomac Bhd's net profit rose 4.9% to RM1.06 million in the second financial quarter ended Oct 31, 2018 (2QFY19) from RM1.01 million a year ago, thanks to cost savings from completed projects.

Earnings per share remained unchanged at 0.13 sen for...

KUALA LUMPUR (Nov 27): Land & General Bhd has appointed Datuk Noorizah Abd Hamid as its new independent non-executive director, effective Dec 1, 2018.

In a filing with the local exchange today, the group said Noorizah has more than 30 years of working experience, mainly in corporate...

Land & General appoints new director

KUALA LUMPUR (Nov 26): Based on corporate announcements and news flow today, stocks in focus on Tuesday (Nov 27) may include: Panasonic Manufacturing Malaysia Bhd, Pecca Group Bhd, Telekom Malaysia Bhd, Tropicana Malaysia Bhd, QL Resources Bhd, Taliworks Corp Bhd, MyEG Services Bhd, Coastal Contr...

Panasonic, Pecca, Telekom, Tropicana, QL Resources, Taliworks, MyEG, Coastal Contracts, WCT, IJM and Petra Energy

KUALA LUMPUR (Nov 26): Karex Bhd, the world's largest condom manufacturer, saw its net profit more than halve to RM1.98 million in the first financial quarter ended Sept 30, 2018 (1QFY19) from RM4.21 million a year ago, on lower sales.

This resulted in a lower earnings per share of...

Karex 1Q net profit more than halves to RM1.98m on lower sales

Global stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen sank to a 34-year low after the Bank of Japan (BOJ) kept monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

China passes tariff law amid tensions with trading partners

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

BCorp, Capital A, AAX, YNH, Sam Engineering, Turiya, Gadang, Microlink, Nestle, Wiradani, D&O, Homeritz, Unisem

(April 26): HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co film financing.

HSBC wins £1.3 bil suit over Disney film finance scandal

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

KUB extends deadline for CCB MGO a second time

EVENING 5: Five things you need to know today

KUALA LUMPUR (April 26): KPJ Healthcare Bhd, through its premier educational institution KPJ Healthcare University (KPJU), has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise healthcare.

KPJ Healthcare, Trusx Malaysia collaborate for AI-driven healthcare solutions

Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.

Wall Street rises as Big Tech charges higher

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Penang Chief Minister Chow Kon Yeow&nbsp;has announced that he is in talks with a group of companies which have recently participated in Selangor’s integrated circuit (IC) design park.

Integrated circuit design firms to announce investments in Penang on Saturday, says Chow

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KNM Group Bhd said it is seeking court sanction for a new scheme of arrangement with its creditors. The PN17 group is also seeking a further extension of time to submit its regularisation plan.

KNM seeks fresh scheme of arrangement with creditors

Homeritz Corporation Bhd’s net profit surged by 65.9% in the second quarter ended Feb 29, 2024 (2QFY2024) to RM9.24 million, due to increased sales volume and a stronger US dollar.

Homeritz’s 2Q net profit jumps 66% on increased sales volume, stronger greenback

Datuk Seri Anwar Ibrahim said he will be returning the allowance received as chairman of Khazanah Nasional Berhad, reiterating that he does not draw a salary for the position of prime minister that he has held since November 2022.

Anwar returns Khazanah allowance, reiterates stance on salary waiver

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

US monthly inflation rose moderately in March, but stubbornly higher housing and transportation costs suggested the Federal Reserve could keep interest rates elevated for a while.

US inflation rises in line with expectations; consumer spending strong

There are no plans to open or operate any casinos in the state, Johor Menteri Besar&nbsp;Datuk Onn Hafiz Ghazi said.

He said the news is merely a rumour intended for sabotage, and to maliciously tarnish the image of Forest City and the state of Johor as a whole.

Johor MB says no plan to open casino in Forest City

(April 26):&nbsp;HSBC Holdings Plc successfully fought off a London court&nbsp;claim&nbsp;brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co&nbsp;film financing.

KUALA LUMPUR (April 26):&nbsp;KPJ Healthcare Bhd, through its premier educational institution&nbsp;KPJ Healthcare University (KPJU),&nbsp;has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise&nbsp;healthcare.

Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

US equity funds registered their fourth successive weekly outflows in the week ended April 24, hit by fading expectations for rate cuts this year.

US equity funds see fourth straight week of outflows amid rate cut reassessment

Fast-fashion firm&nbsp;Shein&nbsp;has been drawn under the scope of flagship&nbsp;European Union (EU) rules designed to clamp down on illegal and harmful content online, aimed at stopping the spread of counterfeit items on the platform.

EU hits fast-fashion giant Shein with new digital rules

HULU SELANGOR (April 28): The Ministry of Health (MOH) stands by its decision to amend the Medical Act 1971 (Act 50) to bridge the gap between the parallel pathway programme (PPP) and the local medical degree programme, despite objections from some parties.

Health Ministry stands by decision to amend Medical Act 1971

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp&nbsp;will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel&nbsp;Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

HOUSTON/BENGALURU (April 26): Oil giant&nbsp;Chevron&nbsp;Corp&nbsp;beat estimates for first-quarter profit on Friday, as higher production volumes&nbsp;in the US&nbsp;helped offset a hit from weak natural gas prices&nbsp;and fuel margins.

Chevron posts 1Q profit beat with oil production gains

WASHINGTON (April 26):&nbsp;Ukrainian President Volodymyr Zelenskiy called on Friday for additional air defence systems to be sent to Kyiv to help protect against Russian strikes, adding that a pause in US&nbsp;funding had helped Moscow seize the initiative.

Amir Ridzwan Ismail

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