Energy and engineering services firm Kinergy Advancement Bhd (KL:KAB) said on Monday its net profit doubled in the first quarter, thanks to new projects and entities acquired.

Kinergy's 1Q net profit doubles on new projects, entities

Beijing hinted it could retaliate against the European Union (EU) in a trade dispute that shows signs of escalating the same way as China’s contest with the US. 

If the EU keeps pursuing investigations into Chinese firms, then China will “very likely have to take a series of measures to hit back”, said a post on Yuyuan Tantian, a social media account linked to China’s state media. Beijing has regularly used such channels as a way of signalling its thinking about trade.

China hints at retaliation in worsening trade clash with Europe

Former federal territory minister Khalid Abdul Samad's appeal in his defamation suit against former Rantau Panjang Umno division chief Datuk Abdullah Mat Yasim did not proceed at the Court of Appeal on Monday.

Khalid Samad's defamation appeal does not proceed as counsel for opponent discharges herself

The High Court has ordered former Mara Corp chief executive officer (CEO) Datuk Badlisyah Abdul Ghani to pay the firm RM3.4 million after finding him guilty for breach of duty during his three-month term with the company, which is the investment and commercial arm of Majlis Amanah Rakyat.

Former Mara Corp CEO ordered to pay RM3.4m to company for breach of duty

Guanxi is a Chinese term for relationships and friendships in social, business and political settings. Combining the character guan (close or related) with the character xi “system or lineage” means that humans are related in networks formed when they share common roots, cultures and experiences. When two Chinese meet, they seek guanxi as the first relationship between two strangers in terms of commonality in surname, family, clan, school or teacher, city, province, profession or simply common interests. In the East, guanxi is the social currency to get things done faster. Once established, a trust circle or social network emerges.

Condivergence: How Taiwanese Guanxi built the Taiwan tech powerhouse

FRESH from a demerger from CIMB Group Holdings Bhd (KL:CIMB) late last year, CGS International Securities Malaysia Sdn Bhd will now focus on its fledgling asset management and corporate finance arms amid an exercise to rebrand itself as CGS International and establish itself as a standalone name ...

CGS International’s new focus on asset management and corporate finance to boost revenue

China, Malaysia's largest trading partner for the past 15 years, is a vital partner in the development of telecommunications and the digital economy in Malaysia.

Deputy Communications Minister Teo Nie Ching said Malaysia and China had complementary strengths in telecommunications and the digital economy, allowing both sides to collaborate and create new opportunities for businesses and consumers.

China vital partner in development of telecommunications, digital economy, says Teo

Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest banking group by assets, said on Monday its net profit slipped 3.5% for the first quarter ended March 31, 2024 (1QFY2024) from a year earlier, mainly due to higher personnel costs and higher provisions.

Public Bank's 1Q net profit slips 3.5% on higher costs, provisions

Sunview Group Bhd (KL:SUNVIEW) announced a partnership with Uzbekistan-based Yashil Energiya on Monday to explore renewable and green energy opportunities in Uzbekistan.

The company, via its wholly-owned unit Fabulous Sunview Sdn Bhd signed the business alliance strategic agreement with Yashil Energiya, a company which specialised in the installation of renewable energy (RE) source devices, delivery of electricity produced by RE sources to consumers and service and maintenance of RE sources installed in Uzbekistan.

Sunview partners with Yashil Energiya to explore RE business in Uzbekistan

AS more investments continue to pour into the data centre (DC) industry, companies are looking to tap opportunities in either the DC construction, fit-out or testing and commissioning segments.

Notably, the artificial intelligence (AI) boom has spurred demand for digital infrastructure,...

Data centre-linked stocks gain traction on news flow

Iranian President Ebrahim Raisi, a hardliner long seen as a potential successor to Supreme Leader Ayatollah Ali Khamenei, was killed in a helicopter crash in mountainous terrain near the Azerbaijan border, officials and state media said on Monday.

Iranian President Ebrahim Raisi killed in helicopter crash

Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest banking group by assets, said on Monday its net profit slipped 3.5% for the first quarter ended March 31, 2024 (1QFY2024) from a year earlier, mainly due to higher personnel costs and higher provisions.

The time it’s taking for some of China’s electric-car makers to pay suppliers is ballooning — a further sign of stress in the nation’s increasingly cutthroat auto market.

China’s EV makers taking longer to pay bills amid rising stress

Iran's President Ebrahim Raisi was killed in a helicopter crash, an Iranian official and Mehr news agency reported on Monday. Below is a brief outline of what Iran's constitution says happens when a president is incapacitated or dies in office:

What happens in Iran when a president dies in office?

Electronics manufacturing services firm Notion VTec Bhd (KL:NOTION) charted a new three-year high on Monday, as Bursa Malaysia’s Technology Index touched a new one-year high following the US’ plan to hike tariffs on semiconductors from China.

Notion VTec charts new three-year high amid rally in tech stocks

Bursa Malaysia said on Monday it is introducing Trading Reminders, a new tool that highlights unusual trading activity in addition to queries issued over spikes in prices and volumes.

Bursa introduces Trading Reminder flag on top of unusual market activity queries

RHB Investment Bank Research has maintained its 'buy'&nbsp;rating for&nbsp;Gamuda Bhd (KL:GAMUDA) at RM5.58, with a higher target price of RM6.55 (from RM6.30), and said it is upbeat on the prospects Ho Chi Minh City (HCMC) has for Gamuda’s property arm.

RHB IB upbeat on Gamuda’s prospects in Ho Chi Minh City, raises target price to RM6.55

Gold notched a fresh all-time high, as investor demand soared across the broader metals complex amid increasing optimism the US will cut rates this year.

Gold hits fresh record as Fed rate-cut optimism fuels demand 

Shares in gold-related counters surged on Monday, following the precious metal notching a fresh all-time high, as investor demand soared across the broader metals complex, amid increasing optimism the US will cut interest rates this year.

Poh Kong leads rally in gold-linked stocks as metal hits fresh record

AS more investments continue to pour into the data centre (DC) industry, companies are looking to tap opportunities in either the DC construction, fit-out or testing and commissioning segments.

Notably, the artificial intelligence (AI) boom has spurred demand for digital infrastructure,...

KUALA LUMPUR (May 20): Phillip Capital has maintained its “buy” rating on Kerjaya Prospek Group Bhd at RM1.80 with a higher target price (TP) of RM2 (from RM1.93) and said it expects Kerjaya’s 1Q2024 net profit to come in stronger year-on-year, but flat quarter-on-quarter.

In a note on ...

Phillip Capital raises target price for Kerjaya Prospek to RM2, sees stronger y-o-y net profit growth in 1Q2024

Foreign buying of Malaysian equities was sustained for the fourth consecutive week with a total of RM873.9 million last week, leading to a year-to-date net inflow of RM4.9 million.

In its fund flow report on Monday, the MIDF Research team said the sustained interest in the domestic market may have stemmed from economic optimism, as recent data revealed a 4.2% year-on-year rise in gross domestic product in the first quarter of 2024.

Foreign buying of M'sian equities sustained for fourth week with RM874m inflow, says MIDF

Malaysia is expected to see a "potential upswing" in external demand, particularly from China, while also benefitting from the imposition of US tariffs on Chinese goods, including electric vehicles (EVs) and their components, said TA Securities.

Malaysia to benefit from China demand, US tariffs on Chinese EVs — TA Securities

Taiwan President Lai Ching-te asked China on Monday to stop its military and political threats, saying in his inauguration speech that peace is the only choice and that Beijing had to respect the choice of the Taiwanese people.

Lai, addressing the crowd outside the Japanese-colonial-era presidential office in central Taipei, repeated a call for talks with China, which views the proudly democratic island as its own territory and has never renounced the use of force to bring it under Beijing's control.

New Taiwanese president calls on China to stop its threats

Troubled Australian casino operator Star Entertainment Group said several suitors have approached the company about possible deals, after a newspaper reported that a consortium led by Hard Rock Hotel &amp; Casino made a takeover proposal.

Star says suitors circling as Hard Rock reportedly makes offer 

Malaysia’s exports rebounded at a slower-than-expected 9.1% in April from a year earlier, as a surge in shipments of machineries, chemicals and palm oil offset a decline in deliveries of petroleum products and subdued electronics demand, official data Monday showed.

Malaysia's exports rebound slower than expected in April, official data shows

Prime Minister Anwar Ibrahim’s visit to the Kyrgyz Republic, Kazakhstan and Uzbekistan has successfully generated investments and trade potential of at least RM2.1 billion, which will benefit Malaysia's economic growth.

Anwar: Visit to Central Asia to generate potential trade, investment exceeding RM2.1b

Maxis Bhd’s (KL:MAXIS) intention to build a second fifth-generation (5G) network could potentially put the group’s financial position and future earnings under pressure, according to analysts.

Maxis' financial position could face pressure from proposed second 5G network, say analysts

PAS on Sunday expressed solidarity with Seputeh Member of Parliament Teresa Kok, and strongly condemned the death threat&nbsp;against the DAP leader.

PAS secretary general Datuk Seri Takiyuddin Hassan said that Teresa deserves all legal protections against any criminal and unlawful acts.

PAS stands in solidarity with DAP's Teresa Kok, condemns death threat

theedgemalaysia.com&nbsp;highlighted one stock with positive momentum and 16 stocks with negative momentum at Bursa Malaysia's afternoon close on Monday. &nbsp;

Cahya Mata Sarawak, Willowglen, Oceancash, Excel Force, Manulife, MBSB, MFM, Panasonic, ELK-Desa, Puncak Niaga, BIG Industries, Astral Asia, Niche Capital Emas, Hextar Retail, Arka, AHB, Dataprep

Muhammad Afiq Mohd Asri & Mohd Norzaidi Arjunaidi

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