Malaysian banks have limited upside in profitability even as asset quality remains strong, though they are well placed to weather external headwinds, S&P Global Ratings said on Monday.

Malaysian banks have limited earnings upside, return on assets likely flat — S&P

The recent spike in crude palm oil (CPO) prices echoes the commodity boom of 2021/22, as supply constraints from lower palm oil production and robust consumer demand push prices up.

Good time to buy planters even as CPO rally seen losing steam soon — analysts

Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).

Analysts positive on pilot green power exports to Singapore; name Tenaga, YTLP as top picks

TA Securities has maintained its 'overweight' stance on the technology sector, and said the sentiment of the semiconductor sector in Malaysia will improve gradually, underpinned by an anticipated recovery in global demand and increasing trade diversion opportunities as a result of the 'China Plus One' strategy.

TA Securities keeps 'overweight' on tech sector, top picks Inari, Elsoft and MPI

Investors should go long on Malaysian Government Securities, Standard Chartered (StanChart) said and recommended buying the issue maturing in 2027 on the ringgit’s expected outperformance and prolonged rate pause.

Go long on Malaysian govt bonds, StanChart tips

AmInvestment Bank Bhd has selected Hong Leong Bank Bhd, IOI Properties Group Bhd and Greatech Technology Bhd as its new top stocks to buy.

These three counters replaced its earlier picks namely CIMB Group Holdings Bhd, Mah Sing Group Bhd and Sunway Bhd, after their share prices have reached near or above the research house’s fair values, said AmInvestment Bank Bhd in a note released on April 2.

AmInvest names Hong Leong Bank, IOI Properties and Greatech as new top picks

Maybank Investment Bank (Maybank IB) maintained its 'neutral' rating for the plantation sector, and said the sector had played its part in ensuring food security, job security, and health security not just for the nation, but the world over during the Covid-19 pandemic.

Plantation sector contributed more than RM23b over past four years in various forms, says Maybank IB as it keeps 'neutral' call

RHB Investment Bank (RHB IB) Research has maintained its “overweight” rating on the healthcare facilities and services sector with KPJ Healthcare Bhd as its top pick.

RHB IB stays 'overweight' on healthcare sector; KPJ top pick

Analysts are positive on Axiata Group Bhd, and kept their ‘buy’ calls for the telecommunications group after its earnings beat expectations.

They are also positive on the group's decision to exit the Myanmar market by disposing of its telecommunications tower business there.

Analysts keep 'buy' on Axiata as FY2023 results beat expectations

PublicInvest Research has retained its “overweight” rating for the healthcare sector, and said it remains positive on Malaysia’s healthcare sector in the medium term, supported by the increasing trend of an ageing population, growth in medical tourism, as well as the overall increase in demand for medical services.

PublicInvest remains positive on healthcare sector, KPJ is top pick

CGS-CIMB Securities has upgraded Bursa Malaysia Bhd to “add” at RM7.47, with a higher target price of RM8.50 (from RM6.90), and said the stock market operator is the biggest beneficiary of the increased vibrancy of the equity market.

Bursa biggest proxy for vibrant equity market, says CGS-CIMB

The recent market sell-off among small-cap counters and penny stocks on Bursa Malaysia during the first three weeks of the year should not deter investor confidence in looking for good fundamental stocks, according to RHB Research.

Recent small-cap selling pressure should not deter investor confidence, says RHB Research

Malaysia's automotive industry is expected to be affected by the implementation of the high-value goods tax (HVGT) and higher service tax rates this year, according to Maybank Investment Bank (Maybank IB).

Local auto industry to be affected by high-value goods tax, higher service tax in 2024, says Maybank IB

Analysts are upbeat on the renewable energy (RE) sector following the recent announcements by the Ministry of Energy Transition and Public Utilities (Metpu), highlighting players in engineering, procurement, construction and commissioning (EPCC) as main winners.

Analysts upbeat on RE sector amid firm policies; EPCC players seen as winners

Chin Hin Group Bhd’s conditional mandatory takeover offer to acquire the remaining shares it does not own in Signature International Bhd has turned unconditional, after it aggregated more than 50% of the voting shares.

Chin Hin's MGO for Signature International turns unconditional as shareholding surpasses 50%

KUALA LUMPUR (April 23): Malaysia Airports Holdings Bhd’s (MAHB) passenger traffic at its airports in Malaysia and Türkiye continued to recover in the first quarter of 2024 (1Q2024), recording 31.37 million in total passenger movements, with international passenger movements surpassing pre-pandemic levels for the first time.

MAHB’s 1Q passenger traffic rose 17% y-o-y, Istanbul airport exceeds pre-pandemic levels

HHRG Bhd, formerly known as Heng Huat Resources Group Bhd, aims to raise between RM16.1 million and RM18.14 million through a private placement of up to 10% of its expanded issued share capital to yet-to-be identified third-party investors, at a price to be fixed.

HHRG plans to raise up to RM18.14m via placement for working capital

In today’s edition of Evening 5: 00:00 Eight contractors face possible MyCC fines for bid rigging 01:36 Capital A’s unit in RFQ process for SriLankan Airlines 02:47 Topmix eyes northern region for expansion, has solid ACE Market debut 04:22 Crest Builder bags RM486 mil condo project in Mt Kiara 05:33 Gadang to lodge appeal over Bumi equity requirement

EVENING 5: Eight contractors face possible MyCC fines for bid rigging

EVENING 5: Five things you need to know today

US business activity cooled in April to a four-month low due to weaker demand, while rates of inflation eased slightly even as input prices rose sharply, suggesting some possible relief ahead as the Federal Reserve looks for signs that the economy is ebbing enough to bring inflation down further.

US business activity cools in April; inflation measures mixed 

Inta Bina Group Bhd has bagged a contract worth RM169.67 million to develop a service apartment project in Country Heights.

Inta Bina bags RM170m serviced apartment job in Country Heights

KOTA KINABALU (April 23): The Kibing Group has successfully exported its inaugural batch of solar glass manufactured in Sabah, totalling 672 tonnes, to Cambodia last Sunday (April 21).

Kibing Group exports 672 tonnes of Sabah’s first batch of solar glass to Cambodia

US oil and gas deals hit a record US$51 billion (RM243.6 billion) in the first quarter, a continuation of last year's fierce merger pace centered in the top US shale field, data provider Enverus said on Tuesday.

US oil and gas M&A hits quarterly record after blockbuster 2023

KOTA KINABALU (April 23): The Sabah government has not imposed state sales tax and the Royal Malaysian Customs Department has also not levied export duties on gold taken out of Sabah to Peninsular Malaysia, the Sabah State Legislative Assembly was told on Tuesday.

No sales tax, export duties on gold taken out of Sabah to peninsula

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 23)

Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.

Two helicopters crash in Lumut, 10 confirmed killed — RMN

Healthcare stocks still have legs to run following a recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.

KPJ, IHH extend rally as analysts bet on upside

Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.

Eight contractors face possible MyCC fines for bid rigging in tenders worth RM473m

Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.

Indonesia's biggest party confirms President Jokowi no longer a member after backing Prabowo

ATX Semiconductor Group, a globally renowned semiconductor provider from China, intends to ramp up investment to US$200 million (RM952 million) for its new manufacturing plant in Melaka over the next five years for its second-phase business expansion.

ATX Semiconductor to boost investment in Melaka to RM952m

Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.

Malaysia’s construction tender prices to grow by 3% in 2024, says Turner & Townsend

Moomoo Malaysia, an online trading platform, garnered 100,000 clients within six weeks of its launch, making it one of the most downloaded financial mobile applications in Malaysia.&nbsp;

Moomoo Malaysia surpassed 100,000 clients within six weeks of its debut in Malaysia

Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.

Ex-Umno leader ready to apologise in contempt of court case

Swatch Group (M) Sdn Bhd&nbsp;said the seizure of its 172 rainbow-themed watches had caused much grief to its international reputation, as the renowned Swiss watch maker had always been dutiful citizens of any state where the watches were sold.

Swatch says advocating compassion for LGBTQ is not a crime, seizure illegal

KUALA LUMPUR (April 23): Malaysia has emerged as the most significant country within Asean for businesses to venture into, as shown by the UOB Business Outlook Study 2024 (SMEs &amp; Large Enterprises).

Malaysia emerges as prime destination for Asean biz expansion — UOB study

KUALA LUMPUR (April 23): Former Sapura Energy Bhd chief executive officer Tan Sri Shahril Shamsudin has settled his defamation lawsuit against Economics Minister Rafizi Ramli out of court.

Ex-Sapura Energy CEO Shahril settles defamation suit against Rafizi

Cypark Resources Bhd said on Tuesday that its 100MW Large Scale Solar 3 (LSS3) hybrid solar plant project in Merchang, Terengganu, will transition to full commercial operations by next month.

In a statement, the group said the plant consists of 83MWac (megawatt, alternating current) ground-mounted solar photovoltaics and 32MWac floating solar photovoltaics.

Cypark's LSS3 solar plant in Terengganu set for commercial operations next month

<h3>MyEG Services Bhd</h3>

Target price: RM1.15 ADD

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Brokers Digest: Local Equities: MyEG Services Bhd, Mah Sing Group Bhd, Tan Chong Motor Holdings Bhd, Gamuda Bhd 

CONSTRUCTION firm GDB Holdings Bhd — which has been embroiled in disputes with KSK Group in the last two years over the development of the 8 Conlay project in Kuala Lumpur — appears to be back on investors’ radar, judging by the recent upward trend in its share price.

According to marke...

GDB Holdings a front runner for several jobs

Bursa Malaysia continued its upbeat momentum to end higher for the fifth consecutive day on Tuesday, thanks to buying from local and foreign institutions, said an analyst.&nbsp;

Bursa ends higher on buying support from local and foreign institutions

While Sapura Energy Bhd has resolved one key condition of its reset plan, analysts did not change their recommendations on the group, as there is still an arduous journey ahead for the group to address its balance sheet position.

Sapura Energy not out of the woods yet as large debts still in its way

PETALING JAYA (April 23): Tropicana Corp Bhd is partnering with Maybank Islamic Bhd to provide a home financing solution called Maybank Islamic’s HouzKEY.&nbsp;

Tropicana partners Maybank Islamic to offer HouzKEY home financing solution

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines.&nbsp;

However, AirAsia Consulting has yet to submit any price bid since due diligence has not been carried out, its chief executive officer Subashini Silvadas told The Edge on Tuesday.

Capital A’s unit in RFQ process for SriLankan Airlines, no price bid yet

Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.

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