AMID an economic backdrop where interest rates have peaked and the US Federal Reserve now speaks openly on how it will go about loosening its monetary policy this year, local real estate investment trusts (REITs) with exposure to the retail, tourism and industrial segments appear poised for growt...

Gradual normalisation of REIT market expected in 2024

IN a few months, MKH Bhd will float the plantation assets under its wholly-owned MKH Oil Palm (East Kalimantan) Bhd ­(MKHOP) on Bursa Malaysia’s Main Market, in a move to tap growth opportunities near the new Indonesian capital Nusantara. The group’s existing (held via wholly-owned subsidary PT M...

MKH positions itself to tap growth opportunities from Nusantara development via plantation listing

The beginning of the week will be relatively quiet on the business and economic front as Malaysians observe the Chinese New Year holiday. Bursa Malaysia will be closed on Monday and resume operations on Tuesday.

The Week Ahead: Malaysia’s 4Q GDP in the spotlight

WITH the increased gadget usage, changing lifestyles and an ageing population, Focus Point Holdings Bhd and Optimax Holdings Bhd have drawn considerable market interest. After all, both companies, which are in the thick of expansion plans to tap the growing needs, are the only two outfits on Burs...

Optical players Focus Point and Optimax seen to prosper amid changing lifestyles and needs 

The text message came in on a hot Wednesday afternoon. Inconspicuously, innocently, rather hilariously. A gender reminder to all, it read. In our line of work where we have to mind grammar and syntax and be quite a pill about it, let it be known that the beautiful sentences that read so easily on...

Coffee Break: Just a gender reminder

WHILE consumer stocks are climbing as they typically do ahead of the Chinese New Year and Hari Raya celebrations, the sector at this time of year may not project the usual vibrancy as the upside is seen as capped by cautious spending amid inflation worries. In fact, the fund managers with whom Th...

Limited upside for consumer stocks as shoppers tighten belts

DESPITE their concerns that the upcoming luxury goods tax will disrupt players’ sales and operations, jewellers’ collective outlook on the gold industry continues to be strong this year. Goldsmiths are expecting to see continued encouraging sales volumes from customary and investment buys this ye...

Gold players see bright outlook despite impending luxury goods tax 

AS the big-cap stocks in several industries such as construction, property, utilities and renewable energy (RE) draw interest, a number of counters in the FBM Small Cap Index on Bursa Malaysia have also come on the radar of analysts and fund managers for their mid- to long-term prospects.

...

Small-cap index expected to outperform in 2024

Cover Story 2: Stocks to buy in 2024

IT will be a mix of external forces and internal progress that will determine whether the FBM KLCI fares better this year compared with last year’s close of 1,454.66 points, and whether the benchmark index  may even exceed the 1,600-point mark forecast by most research houses and fund manage...

Cover Story 2: 4 major factors that will influence the market in 2024 

Maintaining Malaysia’s current account surplus and foreign investments over the long term hinges on the country’s ability to upgrade its goods and services production, said Malaysian Rating Corp Bhd (MARC).

Making valuable exports key to sustaining Malaysia’s current account surplus, foreign investments — MARC

Bursa Malaysia Bhd’s core net profit may have risen 34% in the first quarter, from a year earlier, on higher securities and derivatives trading activity when the exchange operator reports its results, Hong Leong Investment Bank said.

Bursa Malaysia 1Q earnings likely up 34% y-o-y, HLIB projects

The next elephant in the room

Transitioning away from fossil fuel dependence is the key takeaway from the latest United Nations Climate Change Conference (COP28) held in the United Arab Emirates in December 2023. To expedite the shift from fossil fuels to renewable energy, 130 countri...

My Say: Sustainable finance: Taking a good look at the hard-to-abate sectors

The escalating tensions in the Middle East have influenced market sentiment and shifted investors' emphasis to the energy, finance and plantation sectors, which helped boost the FBM KLCI higher by midday on Friday.

KLCI up 0.43% with focus on energy, plantation, financial stocks

India began voting on Friday in the world's largest election as Prime Minister Narendra Modi seeks a historic third term in office on the back of growth, welfare, his personal popularity and Hindu nationalism.

India begins voting in gigantic election, Modi seeking historic third term

Malaysia's economy grew by 3.9% in the first quarter of 2024 (1Q2024), as compared to 3.0% in the previous quarter, according to Department of Statistics Malaysia (DOSM) advance gross domestic product (GDP) estimates.

Malaysia's economy grew 3.9% in 1Q2024, advance estimate shows

The planned merger of Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, with India’s Bharti Airtel Ltd raises concerns as the latter's subsidiary Airtel Lanka is currently a loss-making company, analysts said.

Malaysia’s Axiata merger with Bharti Airtel of India raises earnings concern — analysts

Melaka State Secretary Datuk Zaidi Johari died of a heart attack this morning. He was 54.

According to a statement from the Melaka Chief Minister’s Office, Zaidi breathed his last at about 8.15am at Hospital Melaka here.

Melaka State Secretary Zaidi dies of heart attack

Israel has attacked Iran, three people familiar with the matter said, as Iranian state media reported early on Friday that its forces had destroyed drones, days after Iran launched a retaliatory drone strike on Israel.

Israel attacks Iran, Reuters reports, as drones spotted over Isfahan 

Israel was downgraded by S&P Global Ratings, which joined Moody’s Ratings in lowering the nation’s sovereign credit score as geopolitical risks in the Middle East escalated.

S&P joins Moody’s in downgrading Israel on geopolitical risk

Israel has attacked Iran, three people familiar with the matter said, as Iranian state media reported early on Friday that its forces had destroyed drones, days after Iran launched a retaliatory drone strike on Israel.

Shares of Awanbiru Technology Bhd (Awantec) fell as much as 53% on Friday, prompting Bursa Malaysia to suspend the counter’s intraday short selling (IDSS).&nbsp;

Awantec shares plunge 53%, intraday short selling suspended 

PIE Industrial Bhd, whose share price extended its rally to a new all-time high on Thursday on reports that it has secured a new customer, confirmed the matter and said it is expecting the new customer to contribute an additional RM2.5 billion revenue to the group, of which RM1 billion will be recognised as early as next year.

PIE Industrial confirms bagging new client, expects additional RM2.5 bil revenue

The oil-rich Malaysian state of Sarawak in Borneo is aiming to transform itself into a centre for clean hydrogen energy, betting that its ability to harness an abundance of hydropower can help it defy challenges that are clouding the fuel’s prospects elsewhere.

 Sarawak aiming to transform itself into a centre for clean hydrogen energy

Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports of a sharp escalation in Middle East hostilities.

Stocks sink, oil jumps as Middle East attack reports unnerve markets

Apple said on Friday it had removed Meta Platforms' WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.

Apple pulls WhatsApp, Threads from China app store after Beijing order

The Malaysian rubber glove industry has demonstrated resilience and adaptability amidst challenging global dynamics, with optimism for a rebound in 2024, with an anticipated surge to approximately 450 billion pieces by 2027 despite a downturn in 2023, according to the Malaysian Rubber Glove Manufacturers Association (Margma).

Margma optimistic of rebound in 2024, expects surge to 450 billion pieces by 2027

RHB Investment Bank Bhd (RHB IB) on Friday upgraded Public Bank Bhd to “buy” from “neutral”, with a higher target price (TP) of RM4.80 (from RM4.70).

RHB upgrades Public Bank to ‘buy’, raises target price to RM4.80

Malaysia's economy grew by 3.9% in the first quarter of 2024 (1Q2024), as compared to 3.0% in the previous quarter, according to Department of Statistics Malaysia (DOSM) advance gross domestic product (GDP) estimates.

The US on Thursday effectively stopped the United Nations from recognising a Palestinian state by casting a veto in the Security Council to deny the Palestinian Authority full membershipof the world body.

US stops UN from recognising a Palestinian state through membership

The amount of reserves in banking system — a key determinant for the Federal Reserve to continue shrinking its balance sheet — dropped by the most in two years as Americans paid income tax bills out of their bank accounts.

US bank reserve balances see largest drop since 2022 tax season

Bursa Malaysia Bhd’s core net profit may have risen 34% in the first quarter, from a year earlier, on higher securities and derivatives trading activity when the exchange operator reports its results, Hong Leong Investment Bank said.

The escalating tensions in the Middle East have influenced market sentiment and shifted investors' emphasis to the energy, finance and plantation sectors, which helped boost the FBM KLCI higher by midday on Friday.

RHB Retail Research said Inari Amertron Bhd is poised to challenge the RM3.27 resistance level once again, which would make this its fourth attempt this year.

Inari poised to challenge RM3.27 resistance, says RHB Retail Research 

Malaysia’s exports contracted at a slower than expected pace in March mainly due to lower foreign demand for electronics while shipments to China fell, official data Friday showed.

Malaysia’s March exports down 0.8%, imports surge 12.5%

Chinese government-linked hackers have burrowed into US critical infrastructure and are waiting "for just the right moment to deal a devastating blow," FBI director Christopher Wray said on Thursday.

FBI says Chinese hackers preparing to attack US infrastructure

Bursa Malaysia started the morning trading in positive territory, attributed to broad-based buying in response to a regional recovery, with investors seen focusing on counters with high cash reserves.

Bursa opens higher on buying sentiment

RHB Retail Research said Muhibbah Engineering (M) Bhd may be headed for an uptrend after rebounding strongly from a recent pullback and pushing past the 21-day simple moving average line.

Muhibbah Engineering may be headed for uptrend, says RHB Retail Research 

Cocoa futures hit a new high in New York — topping US$11,000 (RM52,624) a metric tonne — as the pace of processing in chocolate factories holds up even in the face of a global supply crunch and record prices.

Cocoa soars above US$11,000 a tonne as processing pace holds up

Rakuten Trade said United U-Li Corporation Bhd may trend higher after breaking out from its two-week bullish flag pattern with a long white candle on Thursday.

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