KUALA LUMPUR (Aug 28): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. Four stocks displayed positive momentum while four showed negative momentum.

Stocks with positive momentum were:

Ideal United Bintang Internationa...

Ideal, K-One, Karyon, Watta, Dominant, Inix, Matang, Taliworks

KUALA LUMPUR (Aug 27): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks displayed positive momentum while five showed negative momentum.

Stocks with positive momentum were:

Kobay Technology Bhd – up 10 sen a...

Kobay, Majuperak, Asia Media, Dayang, Inix, Karyon, Pesona

KUALA LUMPUR: The structural transformation of Malaysia has put the nation on the road to premature deindustrialisation, said an Asian Development Bank (ADB) economist, stressing the need for a revival of private investment in manufacturing.

Deindustrialisation happens when there is a r...

Reversing premature deindustrialisation

KUALA LUMPUR (Aug 23): AmInvestment Bank believes Gamuda Water, Gamuda Bhd's 80%-owned plant operation and maintenance (O&M) operator, will accept Selangor's new O&M agreement for the Sungai Selangor Water Treatment Plant Phase 3 (SSP3) following the acquisition of Syarikat Pengeluar Air ...

Gamuda Water seen accepting Selangor's new O&M deal, says AmInvestment Bank

KUALA LUMPUR (Aug 23): Boustead Plantations Bhd posted a net loss of RM22.24 million for its second quarter ended June 30, 2018 (2QFY18) from a net profit of RM10.78 million a year earlier due to the decline in oil palm product prices and oil palm fresh fruit bunch production.

In a stat...

Boustead Plantations 2Q net loss at RM22m

KUALA LUMPUR (Aug 21): United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has inked an agreement with Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) to offer government-guaranteed financing to small-and-medium-sized enterprises (SMEs).

SJPP is an administrator and manager of credit g...

UOB Malaysia partners SJPP to extend govt-guaranteed financing to SMEs

KUALA LUMPUR: Overall investment in Asean is expected to rise among Singapore-based companies, with Malaysia becoming one of the largest beneficiaries, according to a HSBC-commissioned report by the Singapore Business Federation.

“Malaysia’s growing consumer market and relative ease of ...

Singapore firms seen ramping up investment in Malaysia

KUALA LUMPUR (Aug 20): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed positive momentum while six showed negative momentum.

The stock with positive momentum was:

Efficient E-Solutions Bhd – up 2.5...

Efficient, CJ, EG, Elsoft, Guan Chong, M-Mode, Salutica

KUALA LUMPUR (Aug 17): TPG Capital Asia, the Asian investment platform of global alternative asset firm TPG, has completed the acquisition of Gribbles Pathology (M) Sdn Bhd, which operates 37 pathology facilities in Malaysia.

TPG said the acquisition forms part of its A$279 million (RM8...

TPG Capital Asia completes Gribbles takeover in Malaysia

KUALA LUMPUR (Aug 17): AirAsia X Bhd (AAX), the long-haul, low-cost affiliate of AirAsia Group Bhd, has started four times weekly flights between Kuala Lumpur and Amritsar, India, bringing the total number of destinations served by the AirAsia Group in India to 22.

“Following a rec...

AirAsia X starts KL-Amritsar four times weekly flights

China Tianrui Group Cement Co said a sudden drop in its stock last week triggered a margin call involving a major shareholder, explaining the dynamic behind a dramatic plunge that wiped out nearly all of its market value.

Mystery stock crash in China cement maker linked to margin call

Las Vegas Sands Corp said renovations at an entertainment centre and a hotel in Macau will crimp results this year, sending the shares lower in extended trading.

The casino and resort company closed its Cotai Arena in January for US$200 million (RM957.49 million)in renovations.

Sands says US$200 mil renovations at Macau casino will affect results this year

Football managers were once as dispensable as autumn leaves. Manchester City — a very different club pre-takeover — had five, including two caretakers, in a single season and became the butt of jokes. One of them had chairman Francis Lee encountering an old lady struggling with her shopping bags....

Business Of Sports: Fix the team, not the garden: It’s time for off-the-field stars to bloom

Warren Buffett’s Berkshire Hathaway Inc priced ¥263.3 billion (RM8.2 billion) of bonds in the firm’s largest yen debt deal since its debut sale in the currency in 2019, raising bets it may boost holdings of Japanese stocks.

Berkshire sells ¥263.3b of bonds with tighter spreads

Apple Inc chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive Southeast Asia tour in years, searching for new growth markets and manufacturing locations to offset headwinds in China.

Apple CEO to meet Singapore leader to wrap whirlwind Asia tour

Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).

Stop buying gold ETF as prices may correct — Philip Capital

Global IT spending is expected to rise 8% year-on-year to US$5.06 trillion (RM24.2 trillion) in 2024, according to consulting firm Gartner, Inc.

Global IT spend seen rising 8% y-o-y to US$5 tril in 2024, says Gartner

The race for the “world’s best airport” crown has been a two-horse affair in recent years, with Doha’s Hamad International and Singapore Changi leading the pack.

Singapore loses ‘world’s best airport’ crown to Qatar

The Malaysian aviation industry may be badly impacted on passenger traffic and spikes in jet fuel prices if a full-blown war results from escalating geopolitical tensions in the Middle East, according to Maybank Investment Bank Research (Maybank IB).

Malaysia's aviation industry at risk amid full-blown crisis in the Middle East — Maybank IB

Alphabet Inc’s Google has put more than two dozen employees on immediate administrative leave after they were involved in protests against Project Nimbus, a US$1.2 billion (RM5.7 billion) joint contract with Amazon.com Inc to provide the Israeli government with AI and cloud services.

Google fires workers protesting US$1.2b Israeli contract

Shares of PIE Industrial Bhd extended its rally to a new all-time high on Thursday, after Kenanga Investment Bank flagged that the electronic services firm has secured a new client that will take up the entirety of its largest facility.

PIE Industrial extends rally to new all-time high as Kenanga flags new client

President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.

Biden calls China ‘xenophobic’, ramping up 2024 campaign rhetoric

The Unity Government Leadership Consultative Council meeting agreed that the government must act firmly and not compromise against extreme actions that can jeopardise the country’s stability.

Unity Government Secretariat chief Dr Asyraf Wajdi Dusuki said the matter was decided at Wednesday’s Unity Government Leadership Consultative Council meeting at Seri Perdana, Putrajaya.

Unity Govt meeting: No compromise on extreme actions that can jeopardise country’s stability

Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.

Asian stocks mixed as soaring dollar pauses

The Malaysian aviation industry may be badly impacted on passenger traffic and spikes in jet fuel prices if a full-blown war results from escalating geopolitical tensions in the Middle East, according to Maybank Investment Bank Research (Maybank IB).

Alphabet Inc’s Google has put more than two dozen employees on immediate administrative leave after they were involved in protests against Project Nimbus, a US$1.2 billion (RM5.7 billion) joint contract with Amazon.com Inc to provide the Israeli government with AI and cloud services.

Alphabet-owned Google&nbsp;is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.

Google lays off employees, shifts some roles abroad amid cost cuts

Hong Leong Investment Bank (HLIB) research said Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cyber security solutions post-passage of the cyber security bill which was passed in Dewan Rakyat on April 3.

HLIB: Cloudpoint well positioned to capitalise burgeoning demand for cyber security solutions

The stock market saw its longest losing streak since January as a handful of big techs sold off — despite a slide in bond yields.

S&P 500 suffers its longest slide since January

Sabah has lost an experienced and exceptional leader with the passing of Parti Bersatu Rakyat Sabah (PBRS) founder Tan Sri Joseph Kurup, says Chief Minister Datuk Seri Hajiji Noor.

Expressing sympathy and condolences to the late leader's family, Hajiji said he had worked alongside Joseph as an assistant minister in the Sabah Ministry of Industrial Development in 1994, earning a deep respect for the veteran Sabah leader.

Sabah lost an exceptional leader with Joseph Kurup's passing — Hajiji

The race for the “world’s best airport” crown has been a two-horse affair in recent years, with Doha’s Hamad International and Singapore Changi leading the pack.

Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental income.

Analysts remain sanguine on IGB REIT’s prospects going forward

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Wednesday, owing to weakness in the soybean oil futures on the Chicago Board of Trade and lower crude oil prices.

Palm oil trader David Ng told Bernama that the weaker market sentiment, however, was limited by the expectation of a stronger demand in the coming weeks.

CPO futures ends lower amid weaker soybean oil futures, oil prices

Federal Reserve Bank of Cleveland president Loretta Mester said monetary policy is in a good place, adding that the central bank shouldn’t be in a hurry to cut interest rates.

Mester says US Fed can hold rates steady, not in a hurry to cut

Apple Inc chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive Southeast Asia tour in years, searching for new growth markets and manufacturing locations to offset headwinds in China.

Prime Minister Datuk Seri Anwar Ibrahim has expressed his condolences to Deputy Minister of Agriculture and Food Securities Datuk Arthur Joseph Kurup and his family on the demise of his father, Tan Sri Joseph Kurup on Wednesday.

PM extends condolences to family of Joseph Kurup

Asian central banks’ need for assertive defense of their currencies is driving traders to turn less dovish on monetary policies in the region.

Slower US Fed pivot weakens rate-cut bets across emerging Asia

RHB Retail Research said Marine &amp; General Bhd is set for an uptrend reversal after undergoing a bullish breakout above the 28 sen resistance on Wednesday, on strong trading volume.

Marine & General set for uptrend reversal, says RHB Retail Research 

The ringgit extended Wednesday’s gains to open higher against the US dollar on Thursday as the greenback retreated from multi-month highs after a pullback in US Treasury yields, said an analyst.&nbsp;

Ringgit extends gains against US dollar at opening

Indonesia's economy was primed for monetary easing later this year, but an unwelcome plunge in its currency is complicating matters for Bank Indonesia and could force it to grudgingly raise rates as early as next week.

Foo Khai Yee

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