Sunsuria Bhd may have had a slight edge when it comes to winning the award for highest returns to shareholders over three years — the injection of projects with a gross development value of about RM10 billion by executive chairman and largest shareholder Datuk Ter Leong Yap.

This has ce...

Highest returns to shareholders over three years: Property — Below RM3 billion market capitalisation: Sunsuria - Setting itself apart through catalysts such as the Xiamen University Malaysia campus

DURING the holiday-shortened week, Destini Bhd saw 20 million shares or a 1.73% stake change hands in direct deals for RM12 million in total. The shares crossed in two blocks — of four million shares on Feb 14 and 16 million shares on Feb 20 — at 60 sen apiece.

Accordin...

Off-Market Trades: Destini Bhd, Hartalega Holdings Bhd, PUC Bhd, SMTrack Bhd, UMW Oil & Gas Corp Bhd, S P Setia Bhd

BETWEEN Proton Holdings Bhd’s move to overhaul its vendor ecosystem and Pos Malaysia Bhd’s ongoing negotiation of a collective agreement (CA), DRB-Hicom Bhd will certainly be hoping for the general election to be over as soon as possible.

While the management has to worry about walking ...

Tale of two DRB-Hicom subsidiaries

MERE days before the Chinese New Year break, Alliance Bank Malaysia Bhd served a summons on AMMB Holdings Bhd (AmBank), taking the latter to court for allegedly misappropriating sensitive information via ex-employees of Alliance Bank.

The suit is said to name key personnel within AmBank...

Newsbreak: Alliance takes AmBank to court for data theft  

PETALING JAYA: Alliance Bank Malaysia Bhd has been quick to respond to news of a suit it has filed against AMMB Holdings Bhd (AmBank).

“With reference to the recent article in The Edge Malaysia [weekly], this issue arose from the actions of certain individuals. We have reached out to Am...

After filing suit, Alliance seeks to ‘resolve’ the matter with AmBank

YOUNG investors are just not interested in trading stocks these days, but who can fault them?

The main goal of investing is to make money, and there are plenty of attractive alternatives to the stock market. Cryptocurrency, property and small businesses are just a few examples.

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Cover Story: When the stock market can’t compete

FOR the holiday-shortened week, the minimum block size was reduced to 400,000 shares from the usual 500,000 shares in order to capture more trades.

By value, Malayan Banking Bhd (Maybank) stood out with RM468.6 million worth of shares changing hands off market. A total ...

Off-Market Trades: Malayan Banking Bhd, SKH Consortium Bhd, Industronics Bhd, PDZ Holdings Bhd

COME July, Bank Negara Malaysia’s Interoperable Credit Transfer Framework (ICTF) will come into effect, effectively dropping the barriers that previously kept non-bank e-payment players out of the established banking ecosystem.

The measures themselves should not catch banks and non-bank...

Can e-payment players capitalise on lifting of barriers?

HAVING started developing its Indonesian estates almost eight years ago, IJM Plantations Bhd is now reaping the benefits as its oil palm trees mature. But in a sector weighed down by back-to-back El Niño dry spells, the company stands out as one of the worst-performing planters. The counter touch...

IJM Plantations — a laggard worth watching 

D’NONCE Technology Bhd, which makes industrial tapes for the electrical and electronics sector, saw 53.97 million shares, or 29.25% equity interest, worth RM22.13 million traded off market on Jan 23.

Managing director — and the single largest shareholder — Law Kim Choon...

Off-Market Trades: D'Nonce Technology Bhd, ATTA Global Group Bhd, Tatt Giap Group Bhd, JMR Conglomeration Bhd, Malayan Banking Bhd  

(April 25): Goldman Sachs Group Inc plans to hire “steadily” in Asia to cater to the growing number of family offices and super-rich in the region, The Straits Times reported on Thursday.

Goldman plans to add headcount in Asia to woo super wealthy — The Straits Times

SK Hynix Inc said it expects a full recovery in the memory market, led by surging artificial intelligence (AI)-related demand, and lifted its capital spending plans.

AI memory boom propels SK Hynix's fastest sales growth since 2010

They are home to a quarter of humanity — 1.9 billion people. They possess prized natural resources, including one-fifth of the world’s copper and gold reserves, as well as many of the rare metals essential for the transition to clean energy. Their working-age populations are set to expand for the...

The New Global Economy: The world cannot afford to ignore the poorest countries

KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.

Agricore CS Holdings gets Bursa Malaysia nod to list on ACE Market

Investors are looking for the next policy domino to fall in Asia amid an escalating campaign against a resurgent dollar, after Indonesia used a surprise interest rate hike to defend the rupiah.

Asia’s hawks get put on alert after Indonesia’s shock rate hike

Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.

Axiata, Sinar Mas move closer to US$3.5b telco merger, Bloomberg reports

(April 24): Some of the world's largest solar equipment makers asked President Joe Biden's administration on Wednesday to impose tariffs on panels and cells from four Asian countries, to protect billions of dollars in investments in US manufacturing.

US solar panel makers seek import tariffs to protect new domestic factories

Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.

Stocks hit by tech slump; yen flails at intervention zone

KUALA LUMPUR (April 25): YTL Corp Bhd, whose share price has surged over 42% year to date, “remains undervalued”, though there is a strong potential upside for the utilities-to-resorts conglomerate, said Hong Leong Investment Bank Bhd (HLIB).

YTL Corp remains undervalued with solid earnings, upside potential — HLIB

Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.

Digital Nasional names senior telco and tech leaders as new directors

Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity.

Eden's major shareholder proposes land transfer to settle RM45.65m debt owed to company

A made-in-China electric vehicle (EV) will hit US dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 (RM38,228) less.

How Volvo landed a cheap Chinese EV on US shores in a trade war

A disappointing earnings report from Meta Platforms Inc has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.

Meta’s miss sparks fear in tech world with big earnings looming

Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.

Binance co-founder Changpeng Zhao is facing up to three years in prison, if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.

Friends, family, royalty seek mercy for crypto’s richest man

TikTok's chief executive said on Wednesday that the company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said would ban the popular short video app used by 170 million Americans.

TikTok CEO expects to defeat US restrictions: 'We aren't going anywhere'

Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.

Nga's press secretary Pang picked as unity govt's candidate for Kuala Kubu Baharu by-election

KUALA LUMPUR (April 25): YTL Corp Bhd, whose share price has surged over 42% year to date, “remains undervalued”, though there is a strong potential upside for the utilities-to-resorts conglomerate, said Hong Leong Investment Bank Bhd (HLIB).

Benchmark S&amp;P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.

S&P 500 ends higher as markets weigh rising yields, upbeat corporate results

CapitaLand Malaysia Trust (CLMT) reported a 63% in its first quarter net property income to RM63.98 million from RM39.24 million a year ago, driven by full quarter revenue contribution from Queensbay Mall, higher occupancies and positive rental reversions.

CLMT’s 1Q net property income jumps 63% to RM64m, DPU up 37%

KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.

Maybank IB is the first from a total of fi...

Mega First shares likely peaked; Maybank IB the first to downgrade stock

Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.

Singapore's Keppel profit rises on strong infra, connectivity performance

RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.

Naim Holdings likely to resume its uptrend, says RHB Retail Research 

RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.

NationGate is observing technical breakout, says RHB Retail Research 

Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.

Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.

Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.

Synergy House may trend higher, says Rakuten Trade

Visa Inc recently reported impressive fiscal second quarter 2024 results, with net revenue increasing by 10% and payments volume growing by 8%.

Visa's strong earnings may be a troubling sign for US economy — report

Venice becomes the first city in the world on Thursday to introduce a payment system for tourists in an effort to thin the crowds that throng the canals during the peak holiday season.

Overcrowded Venice introduces first payment charge for tourists

Mark Zuckerberg is asking for investors to stay patient. Again.

After Meta Platforms Inc revealed that it will spend billions of dollars more than expected this year — fueled by investments in artificial intelligence — the company’s chief executive officer did his best to soothe Wall Street.

Ben Shane Lim

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