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

PepsiCo beat Wall Street expectations for first-quarter revenue on Tuesday as demand held steady for the soda and snacks giant's Tropicana juices and Cheetos in its international markets.

PepsiCo beats quarterly revenue estimates on price hikes, steady demand 

(April 23): Shell Plc and TotalEnergies SE are among several global energy companies in talks to buy stakes in Abu Dhabi National Oil Co’s (Adnoc) next liquefied natural gas (LNG) export project in the United Arab Emirates (UAE).

Shell, TotalEnergies in talks for stakes in Adnoc LNG plant

Bursa Malaysia continued its upbeat momentum to end higher for the fifth consecutive day on Tuesday, thanks to buying from local and foreign institutions, said an analyst.

Bursa ends higher on buying support from local and foreign institutions

Commodities look like a “win-win” for investors as climbing prices reflect vigorous economic growth, according to veteran analyst Jeff Currie.

Commodities are a ‘win-win’ with US$100 oil in sight, Carlyle’s Currie says 

Solomon Islands faces a tense wait for an election result after opposition parties pulled ahead of incumbent Prime Minister Manesseh Sogavare's OUR party, as counting on Tuesday showed independents will be key to forming government.

Solomon Islands faces tense wait for election results

(April 23): Singapore’s core inflation eased in March on lower food prices and cost of services, with the disinflationary trend expected to continue, barring any supply shocks from geopolitical tensions.

Singapore’s inflation cools in March as central bank retains 2024 forecast

Deputy Prime Minister Datuk Seri Fadillah Yusof expressed hope that there would be no speculation surrounding the mid-air collision and crash involving two helicopters at the Royal Malaysian Navy (TLDM) base here on Tuesday.

Fadillah says avoid speculation on helicopter crash and to respect victims' families

KUALA LUMPUR (April 23): Malaysia has emerged as the most significant country within Asean for businesses to venture into, as shown by the UOB Business Outlook Study 2024 (SMEs & Large Enterprises).

Malaysia emerges as prime destination for Asean biz expansion — UOB study

Apple's smartphone shipments in China tumbled 19% in the first quarter of the year, the worst performance since 2020, as its dominance in the high-end segment came under pressure from Huawei's new product launches, market data showed.

Apple's 1Q smartphone shipments in China tumble 19%, data shows

German police have arrested an assistant to a European Parliament member on suspicion of "an especially severe case" of espionage for China, prosecutors said on Tuesday, appearing to refer to a staffer for the far-right Alternative for Germany.

Germany arrests EU parliamentary staffer on China spying charges

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

Najib's 1MDB-Tanore trial live reporting (April 23)

Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.

Two helicopters crash in Lumut, 10 confirmed killed — RMN

Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.

Topmix surges 32% on ACE Market debut

Healthcare stocks still have legs to run following the recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.

KPJ near record high, IHH surges as analysts bet on more upside

Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.

Eight contractors face possible MyCC fines for bid rigging in tenders worth RM473m

Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.

Malaysia’s construction tender prices to grow by 3% in 2024, says Turner & Townsend

Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.

Indonesia's biggest party confirms President Jokowi no longer a member after backing Prabowo

Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.

Ex-Umno leader ready to apologise in contempt of court case

Swatch Group (M) Sdn Bhd&nbsp;said the seizure of its 172 rainbow-themed watches had caused much grief to its international reputation, as the renowned Swiss watch maker had always been dutiful citizens of any state where the watches were sold.

Swatch says advocating compassion for LGBTQ is not a crime, seizure illegal

ATX Semiconductor Group, a globally renowned semiconductor provider from China, intends to ramp up investment to US$200 million (RM952 million) for its new manufacturing plant in Melaka over the next five years for its second-phase business expansion.

ATX Semiconductor to boost investment in Melaka to RM952m

Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.

China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines.&nbsp;

However, AirAsia Consulting has yet to submit any price bid since due diligence has not been carried out, its chief executive officer Subashini Silvadas told The Edge on Tuesday.

Capital A’s unit in RFQ process for SriLankan Airlines, no price bid yet

Moomoo Malaysia, an online trading platform, garnered 100,000 clients within six weeks of its launch, making it one of the most downloaded financial mobile applications in Malaysia.&nbsp;

Moomoo Malaysia surpassed 100,000 clients within six weeks of its debut in Malaysia

Datin Seri Rosmah Mansor's appeal against her guilty conviction and sentence over all three counts of graft pertaining to the RM1.25 billion solar hybrid project for 369 rural schools in Sarawak will be heard in October.

October hearing for Rosmah's appeal in solar project graft trial

Hong Leong Investment Bank (HLIB) has a “trading buy” rating on SDS Group Bhd and said with 33 of its F&amp;B outlets situated across Johor state, and a wholesale segment that is focusing in this region, SDS appears strategically positioned to leverage the burgeoning vibrancy in Johor, propelled further by the continuous influx of visitors from Singapore.

SDS strategically positioned to leverage burgeoning vibrancy in Johor, says HLIB 

Malton Bhd has unveiled the final tower (Block B) of River Park, following the successful launch of its previous Tower A and Tower C blocks with more than 70% take-up rate.

Malton unveils River Park's final tower

The two helicopters which collided and crashed at the Royal Malaysian Navy (RMN) Base were undergoing a rehearsal for the third time in conjunction with RMN Fleet Open Day celebration scheduled on Saturday (April 27).

RMN helicopters involved in third rehearsal before incident — Khaled Nordin

Bursa Malaysia opened higher on Tuesday, taking its cue from Wall Street’s better performance overnight, as sentiment improves after Iran said it will not escalate the conflict with Israel, said an analyst.

Bursa up in early trade, tracking Wall Street overnight

CONSTRUCTION firm GDB Holdings Bhd — which has been embroiled in disputes with KSK Group in the last two years over the development of the 8 Conlay project in Kuala Lumpur — appears to be back on investors’ radar, judging by the recent upward trend in its share price.

According to marke...

GDB Holdings a front runner for several jobs

Topmix Bhd, a surface decorative company listed on Tuesday, expects its expansion in the northern region of Peninsular Malaysia to boost its earnings growth.

The northern region, particularly Penang, has seen an influx of foreign investors, leading to higher income levels and rapid development of housing and commercial projects, which all “bode well for Topmix’s expansion plans", said managing director Teo Quek Siang.

Amir Ridzwan Ismail

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