ViTrox Corp Bhd posted a 6% decline in net profit to RM22.92 million for its second quarter ended June 30, 2020 from RM24.38 million a year earlier, mainly due to unfavourable sales mix.

ViTrox 2Q profit down 6% on unfavourable sales mix

Tech stocks were seen as top gainers, logging new highs on Bursa Malaysia today, after the US-based Semiconductor Equipment & Materials International projected record spending on chip manufacturing equipment in 2021.

Tech stocks log record highs amid upbeat chip equipment prospects

As the tech-heavy Nasdaq index shows signs of stalling lately with the rally in the mega caps losing steam while investors turn to underappreciated sectors like energy, financials and industrials, interest in specific Malaysia tech stocks seems unabated.

Back home, as the rally in glove stocks take a breather, share prices of certain tech stocks kept rising with some logging new highs and emerging as top gainers on Bursa Malaysia yesterday.

Based on corporate announcements and news flow today, stocks in focus tomorrow may include: Bioalpha Holdings Bhd, Alam Maritim Resources Bhd, Riverview Rubber Estates Bhd, Peterlabs Holdings Bhd, Comintel Corp Bhd, WZ Satu Bhd, TH Plantations Bhd, Careplus Group Bhd, Inix Technologies Holdings Bhd, Xidelang Holdings Ltd and Cepatwawasan Group Bhd.

Bioalpha, Alam Maritim, Riverview Rubber, Peterlabs Holdings, Comintel, WZ Satu, TH Plantations, Careplus, Inix, Xidelang and Cepatwawasan

Animal health products maker and distributor Peterlabs Holdings Bhd said it is venturing into distribution of consumer goods, through the acquisition of a 60% stake in Thye on Tong Trading Sdn Bhd.

Peterlabs Holdings ventures into consumer goods distribution

As part of its regularisation plan, PN 17 company Comintel Corp Bhd (Comcorp) has roped in businessman Datuk Seri Dr S Subramaniam Pillai, who will be injecting his railway infrastructure business into the company.

White knight to inject railway infrastructure business into Comcorp to uplift PN17 status

Inix Technologies Holdings Bhd said its suspended director Mohd Anuar Mohd Hanadzlah (pix) is suing the company for defamation.

Suspended director sues Inix Technologies for defamation

Alam Maritim Resources Bhd has won an RM9.93 million work order for underwater services from IPC Malaysia BV.

The contract was secured by Alam Maritim’s wholly-owned subsidiary Alam Maritim (M) Sdn Bhd for works related to FPSO Bertam underwater inspection in lieu of dry-docking activities, the group said in a bourse filing today

Alam Maritim bags RM9.9m underwater services work order

With Bursa Malaysia on a long winning streak and the FBM KLCI soaring more than 30% from mid-March, it is evident that a technical bull market has emerged. But even as the bullish momentum continues, a rising number of market analysts and fund managers think the market is due for a pullback, with the downside risk getting higher as the KLCI climbs higher.

Time to short the KLCI?

Global sales of semiconductor manufacturing equipment by original equipment manufacturers are projected to log a record high revenue of US$70 billion in 2021 on the strength of double-digit growth, said the US-based Semiconductor Equipment & Materials International.

SEMI: Chip manufacturing equipment spending to hit record US$70b in 2021 after strong 2020

The Kuala Kubu Baharu (KKB) state by-election will see a four-cornered fight between the candidates of Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

A four-way bout in Kuala Kubu Baharu by-election

China's industrial profits posted smaller gains for the first quarter compared to the first two months, official data showed on Saturday, adding to evidence of an uneven recovery for the world's second-biggest economy.

China's first-quarter industrial profits rise at slower pace

Last December, the European Union set a global precedent by finalizing the Artificial Intelligence Act, one of the world’s most comprehensive sets of AI rules. Europe’s landmark legislation could signal a broader trend toward more responsive AI policies. But while regulation is necessary, it is i...

The Visible Hand: Governments must shape AI’s future

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

Singapore plans law to support gig workers’ retirement needs

The nomination centre for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

Alphabet Inc closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Lofty US stocks leave investors punishing earnings disappointments

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Taiwan rattled by quakes again, no immediate reports of damage

Nomination for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

The Kuala Kubu Baharu (KKB) state by-election will see a four-cornered fight between the candidates of Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;

Apple intensifies talks with OpenAI for iPhone generative AI features

China's industrial profits posted smaller gains for the first quarter compared to the first two months, official data showed on Saturday, adding to evidence of an uneven recovery for the world's second-biggest economy.

Lai Ying Yi

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Lai Ying Yi

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌