Construction firm TCS Group Holdings Bhd debuted today on the ACE Market of Bursa Malaysia at 58.5 sen, a 154.35% premium over its issue price of 23 sen.

The counter reached a high of 60.5 sen, but by 10.15am, it had pared its gains to settle at 55.5 sen, slightly lower than its opening price.

TCS Group jumps as much as 163% on ACE debut

Sime Darby Plantation Bhd (SDP) has reached out to anti-trafficking NGO Liberty Shared (LS) to discuss the latter's allegation that SDP uses forced and child labour to produce palm oil and related products.

Sime Darby Plantation initiates talk with anti-trafficking group over forced, child labour allegations

IF not for the Covid-19 pandemic, Kaartik Nagarajan would have begun his university life at his dream school, the renowned Columbia University in New York City, this month.

The May deadline to accept the university’s offer coincided with the onset of the pandemic in the US, with New Yor...

Gap year gains popularity as Covid-19 upends university life

The Malaysian Digital Economy Corp (MDEC)’s business networking platform for the digital content industry, Kre8tif!, will be held virtually this year from Sept 7 to Sept 10 to increase inclusivity.

In a statement today, MDEC said the event, themed “Kre8tif!-vity without Boundaries”, will be the regional hotspot for digital content, bringing together big names from the animation, broadcast, licensing and merchandising, visual effects, digital technology and content creation spaces

MDEC’s Kre8tif! to be held virtually this year with global industry leaders

"Surprised" and "disappointed". Both terms sum up analysts' sentiment when Malayan Banking Bhd (Maybank) did not declare dividends for the second quarter ended June 30, 2020 (2QFY20) as per the norm in previous years.

Hong Leong Investment Bank Bhd and MIDF Amanah Investment Bank Bhd analysts wrote in their notes today that both research firms were surprised by Maybank's decision to not declare dividends for 2QFY20.

Maybank dividend absence surprises, disappoints analysts

IQ Group Holdings Bhd and Kwantas Corp Bhd share prices closed up at their intraday high, as investors weighed the former's first quarter financials and evaluated the latter's planned privatisation.

At 5pm, IQ, which manufactures lighting and security products, closed up 30 sen or 66.67% at 75 sen to hit limit up.

IQ, Kwantas share prices finish up at intraday high

Yet another glove maker, Rubberex Corp (M) Bhd, posted an all-time-high quarterly net profit of RM22.96 million or earnings per share of 8.96 sen for its second quarter ended June 30, 2020 which spanned the height of the Covid-19 pandemic.

Rubberex achieves record earnings of RM22.96m for 2Q, announces two-for-one bonus issue

UMW Holdings posted a net loss of RM78.44 million for the second quarter ended June 30 (2QFY20), its first loss since 4QFY17, due to the Movement Control Order (MCO) which severely impacted sales.

The group had achieved a net profit of RM57.19 million in the corresponding period last year, and a net profit of RM44.32 million in the preceding quarter.

UMW reports 2Q loss of RM78m as MCO hits vehicle sales

Star Media Group Bhd's net loss widened to RM26.95 million or 3.7 sen per share for its second quarter ended June 30, 2020 from RM3.98 million or 0.54 sen per share in the preceding quarter, it said in a Bursa filing.

Star Media net loss widens in 2Q amid lockdown, but eyes M&A, new ventures with RM300m cash reserve

Glove counters plunged this morning as the Covid-19 pandemic appears to let up and the faster-than-expected pace of vaccine development continues to pummel the sector.

Glove stocks slip as JF Apex Research downgrades sector

High crude oil prices caused by tension in the Middle East will help to boost Malaysia's oil and gas exports. However, escalated fuel prices will dampen the country’s economic growth, according to the Socio-Economic Research Centre (SERC).

SERC: Escalated oil price boon and bane for Malaysia

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

Notable filings

During the week of April 1 to 5, notable shareholding changes at Bursa Malaysia-listed companies included those at palm oil mill manufacturer Dolphin International Bhd, which saw Datuk Yeo Boon Leong, who is the executive chairman and ...

Insider Moves: Dolphin International Bhd,  M & A Equity Holdings Bhd, SC Estate Builder Bhd, Tenaga Nasional Bhd, Guan Chong Bhd

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.

Topmix eyes northern region for expansion amid development boom

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

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

Bursa Malaysia stayed higher at midday on Tuesday, in line with regional bourses’ upbeat performance. 

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.02 points, or 0.32% to 1,564.61 from Monday's close of 1,559.59.

Bursa stays higher at midday in line with regional peers

AirAsia Consulting is planning further engagement with the International Finance Corporation (IFC), which is mandated to advise the Sri Lanka government on the divestiture of SriLankan Airlines Ltd.

AirAsia Consulting to further engage with IFC on SriLankan Airlines divestiture

Taiwan's quake-hit eastern county of Hualien was rattled by dozens of aftershocks late on Monday and early on Tuesday, but only minor damage was reported and no casualties and major chipmaker TSMC said it saw no impact on operations.

Taiwan rattled by dozens of quakes, but no major damage

Singapore has retained its top 'Maritime City' status, based on five elements — shipping centres, finance and law, technology, ports and logistics, and attractiveness and competitiveness.

Singapore retains top 'Maritime City' status

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

Brazil's government said on Monday that four additional poultry plants have been cleared to sell halal products to Malaysia, a move it hopes will allow exports to the Asian country to double when compared to last year's levels.

Brazil says Malaysia clears four more halal poultry plants for export

Investors scaled back safe-haven bets on Monday as worries over a wider Middle East conflict eased, boosting world equities and pressuring gold, oil and bond prices.

Asian shares extend gains ahead of tech earnings, yen fragile

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

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

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 

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

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.

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

Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health.

Wall Street stocks end higher with major corporate earnings in view

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

Rakuten Trade has a “buy” rating on ACE Market-bound surface decorative products company Topmix Bhd at an initial public offering (IPO) price of 31 sen, with a fair value of 40 sen based on financial year 2024 (FY2024) forecast price-earnings (PE) of 15x, in line with industry peers.

Rakuten Trade values Topmix at 40 sen, expects FY2023-FY2026 earnings to grow at CAGR of 25%

South Korea is emerging as a closely watched weak link in the US$63 trillion (RM298.95 billion) world of shadow banking.

Shadow banking stress in South Korea sends warning to global investors

In Part 1, I outlined three possible scenarios for voter turnout and support for the DAP/PH/unity government candidate in the upcoming by-election in Kuala Kubu Baharu (KKB), out of which there is only one scenario where the incumbent manages to defend the seat. In this concluding part of this article, I will outline some of the likely and desired parameters of contestation during the campaign.

Kuala Kubu Baharu by-election: The challenges for DAP, PH, unity government — Part 2

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

US borrowers on lower incomes are increasingly struggling to keep up with their loan payments, according to recent data and bank executives, prompting banks to become more cautious about dishing out credit cards and car loans.

US consumers on lower incomes face loan stress while banks pull back

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

RHB Retail Research said Cloudpoint Technology Bhd is eyeing an uptrend movement after rebounding from the immediate support, testing the 64 sen immediate resistance level.

Chee Gee Ren

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Chee Gee Ren

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌