Shares in SBH Marine Holdings Bhd rose 16% as the frozen seafood company made its ACE Market debut on Monday, following its RM50.6 million initial public offering (IPO).

SBH Marine surges 16% in ACE Market trading debut after RM50.6m IPO

Newly listed frozen seafood company SBH Marine Holdings Bhd, which gained 20.45% on its Bursa Malaysia debut, has seen the shipping cost to its overseas markets increase amid the Red Sea crisis, according to its executive director Saw Leng Hean.

SBH Marine sees no issues with Red Sea crisis, to pass on increased shipping cost to exporters

Calcium carbonate producer Zantat Holdings Bhd ended its maiden trading day on Bursa Malaysia’s ACE Market at 37.5 sen, a premium of 12.5 sen or 50% over its initial public offering (IPO) price of 25 sen.

Zantat makes impressive ACE Market debut, closes with 50% premium

Prolintas Infra Business Trust, the first business trust to be listed on Bursa Malaysia, made a flat debut on the Main Market at 95 sen on Monday, before ending the day two sen higher for a 2.1% gain.

Its muted debut saw a total of 48.21 million shares traded throughout the day.

Prolintas Infra debuts flat at 95 sen

KUALA LUMPUR (March 22): Fertility care company Alpha IVF Group Bhd ended its maiden day flat at 32 sen after its initial public offering (IPO), the largest ever on the ACE Market, raised RM466.5 million.

Alpha IVF ends flat at 32 sen on ACE Market debut

After a robust debut on the ACE Market with a premium of 17% at 41 sen, freight forwarding and aerospace logistics provider AGX Group Bhd succumbed to selling pressure which saw its share price gains pared down to just one sen, or 2.86% from its initial public offering (IPO) price of 35 sen.

AGX pares gains after robust debut on ACE Market

Metal fabricator Wentel Engineering Holdings Bhd ended its maiden trading day on Tuesday at 28 sen, up two sen or 7.69%, after opening flat on its ACE Market debut at 26 sen.

Wentel Engineering gains over 7% after opening flat on ACE Market debut

Stainless steel products supplier TSA Group Bhd kicked off its ACE Market debut on Bursa Malaysia on Friday by opening at 58 sen, up three sen or 5.5% from its initial public offering (IPO) price of 55 sen.

TSA Group kicks off ACE Market debut with 5.5% gain

Electrical engineering services provider HE Group Bhd made an impressive debut on the ACE Market of Bursa Malaysia on Tuesday by opening at 43 sen, up 15 sen or 53.6% from its initial public offering (IPO) price of 28 sen.

HE Group gains 54% on ACE Market Debut

Power cables maker and distributor Master Tec Group Bhd made a flat debut on ACE Market of Bursa Malaysia on Monday, by opening at its initial public offering (IPO) price of 39 sen.

The opening volume for the stock was 11.36 million shares.

Master Tec opens flat at 39 sen on ACE Market debut

KJTS Group Bhd made an impressive debut on the ACE Market of Bursa Malaysia on Friday, and was the second most actively traded stock on the bourse.

At 9.01am, KJTS had risen 70% or 19 sen to 46 sen, from its initial public offering (IPO) price of 27 sen.

KJTS debuts on ACE Market at 70% premium to IPO price

KUALA LUMPUR (Jan 9): SBH Marine Holdings Bhd has received approval from Bursa Malaysia Securities Bhd to list on the ACE Market of the local stock exchange.

Frozen seafood specialist SBH gets nod for ACE Market listing

KUALA LUMPUR (Dec 20): Infrastructure utilities engineering services provider Jati Tinggi Group Bhd debuted at 30.5 sen on the Bursa Malaysia ACE market on Wednesday, a 12.96% or 3.5 sen premium to its issue price of 27 sen.

Jati Tinggi gains nearly 15% in ACE Market debut

Main Market debutant CPE Technology Bhd opened at 90 sen on Thursday, a 17 sen or 15.89% discount over its initial public offering (IPO) price of RM1.07, with an opening volume of 6.31 million shares.

CPE Tech drops over 14% on Main Market debut

Indonesia said fiscal and monetary policies are in sync to cushion the economy from the rising dollar, demonstrating an all-hands-on-deck approach, with the central bank signalling they’re intervening more actively to aid the rupiah.

Indonesia takes steps to shield economy from strong dollar

Israel launched an attack on Iranian soil on Friday, sources said, in the latest tit-for-tat exchange between the two arch foes, whose decades of shadow war has broken out into the open and threatened to drag the region deeper into conflict.

Israel attacks Iran, Reuters reports, as drones shot down over Isfahan 

Five Japanese nationals survived a suicide bomb attack on their vehicle on Friday, as police in Pakistan's city of Karachi shot down a gunman accompanying the bomber, a police spokesperson said, but two passers-by were injured.

Five Japanese nationals escape Pakistan suicide blast attack

KUALA LUMPUR (April 19): Oil-and-gas services firm Yinson Holdings Bhd said on Friday that its indirect wholly owned subsidiary Yinson Production Offshore Pte Ltd (Yinson Production) has successfully placed a US$500 million five-year senior secured bond issue.

Yinson’s unit places US$500 mil five-year senior secured bonds

Sime Darby Property Bhd, Malaysia’s biggest developer in terms of landbank, has secured commitment for the remaining 30% of its industrial development fund to close at RM1 billion.

Sime Darby Property gets commitment for balance 30% of RM1b industrial development fund

EG Industries Bhd has secured a second letter of intent (LOI) from US-based Cambridge Industries Group (CIG) to produce a new 1.6 terabit optical signal transmitter and receiver for a 5G wireless network at EG Industries’ new smart factory 4.0 in Penang.

EG Industries expands partnership with US-based Cambridge Industries Group

KUALA LUMPUR (April 19): The Malaysia External Trade Development Corporation (Matrade) will enhance cross-border e-commerce among small and medium enterprises by partnering Amazon in a programme that allows products to be sold internationally via Amazon’s e-stores.

Matrade, Amazon collaborate to enhance cross-border e-commerce among SMEs

KUALA LUMPUR (April 19): MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times ahead of its listing on the Bursa Malaysia Main Market on April 30.

Main-Market bound MKH Oil Palm’s IPO oversubscribed by 8.43 times

West Ham United forward Michail Antonio criticised the refereeing in Thursday's Europa League quarter-final against Bayer Leverkusen and said his side were "playing against 14".

West Ham's Antonio hits out at officials after Europa exit

Saudi Arabia will need a higher oil price than previously thought this year as the Opec+ leader spearheads the group’s production cuts, according to the International Monetary Fund.

Saudi Arabia needs oil price near US$100, IMF says

Israel launched an attack on Iranian soil on Friday, sources said, in the latest tit-for-tat exchange between the two arch foes, whose decades of shadow war has broken out into the open and threatened to drag the region deeper into conflict.

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

Shares of Sapura Energy Bhd will be suspended from trading pending an announcement, the company said on Friday.

Trading in Sapura Energy suspended pending announcement 

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

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

Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports Israel attacked Iran in a continuing series of assaults that have increased concerns of a wider Middle East conflict.

Stocks sink, oil jumps after Israeli attack on Iran

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

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

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

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

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%

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

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 

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

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

KUALA LUMPUR (April 19): MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times ahead of its listing on the Bursa Malaysia Main Market on April 30.&nbsp;

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

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.

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