<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 7): AllianceDBS Research said AirAsia Group Bhd (AirAsia) had on July 6 traded lower to 89 sen before closing at 89.5 sen (down 0.5 sen or 0.55%).</p></div>

<div class=newsTextDataWrapInner><p>In its evening edition July 6, the research house said AirAsia continued to trade above 20-day (blue) and 50-day (red) moving average lines.</p></div>

<div class=newsTextDataWrapInner><p>It said following the down close on July 6, the stock is likely to move lower with immediate support at 89 sen.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“A fall below 89 sen should see further price decline to the subsequent support zone, 87.5 sen – 88 sen.</p></div>

<div class=newsTextDataWrapInner><p>“The hurdle is pegged at 97.5 sen. A rise above 97.5 sen would see the stock gearing towards the next resistance zone, RM1.08 – RM1.10,” it said.</p></div>

<div class=newsTextDataWrapInner><p>AllianceDBS Research said stock volume traded on July 6 was 17.3 million shares compared to the 3-month average volume of 61.9 million shares.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (July 7): AllianceDBS Research said AirAsia Group Bhd (AirAsia) had on July 6 traded lower to 89 sen before closing at 89.5 sen (down 0.5 sen or 0.55%).

In its evening edition July 6, the research house said AirAsia continued to trade above 20-day (blue) and 50-day (red) mo...

AirAsia at lower low, says AllianceDBS Research

Stocks in Asia were poised for a sluggish start as traders assess heightened geopolitical risks while awaiting the latest earnings from the world’s most valuable company. Bitcoin extended its post-election rally.

Futures pointed to small declines in Tokyo and Hong Kong, while Sydney was set to open little changed.

Asian stocks to tread cautiously ahead of Nvidia

While Malaysia is consolidating returns on previous infrastructure investments, leveraging its established expertise in electronics, semiconductors and data centres, political shifts and the gradual outflow of talent could impact future economic progress, according to the 9th edition of e-Conomy SEA by Google, Temasek and Bain & Co.

A survey of Malaysia’s digital economy

liminating the US electric vehicle tax credit would dent future EV demand — perhaps by more than a fourth — while providing a trivial boost to gasoline consumption, economists estimate.

US auto stocks fell last week on reports that President-elect Donald Trump may try to kill the $7,500 credit, which was part of the 2022 Inflation Reduction Act.

US electric vehicle demand seen plunging 27% without tax credit

Stocks rebounded in a volatile session marked by geopolitical headlines, with Nvidia Corp. climbing ahead of its results. Bitcoin extended its post-election rally.

Trading in options signals Nvidia’s results Wednesday will be the most-important catalyst left this year — more than the Federal Reserve’s December meeting, according to Barclays Plc strategists.

Stocks shake off war angst before Nvidia’s results

China’s Luckin Coffee Inc agreed to buy an equivalent of four million bags of beans from the world’s top exporter Brazil between 2025 and 2029, signalling continued demand from one of the fastest growing markets.

Luckin Coffee deal for Brazil beans ensures steady China demand

China’s Contemporary Amperex Technology Co Ltd (CATL) is in talks to establish battery recycling operations in Europe, adding to its footprint in the region as the company prepares to start cell production in Hungary.

China’s CATL in early talks on EV battery recycling in Europe

European governments accused Russia on Tuesday of escalating hybrid attacks on Ukraine's Western allies, as Baltic nations investigated whether the cutting of two fibre-optic telecommunication cables in the Baltic Sea was sabotage.

European nations denounce Russian hybrid attacks, cable cut probes launched

There are only three official entry points along the Malaysia-Thailand border in Kelantan — the Immigration, Customs, Quarantine and Security (ICQS) Complexs in Rantau Panjang, Bukit Bunga and Pengkalan Kubor — Home Minister Datuk Seri Saifuddin Nasution Ismail said.

Only three official entry points along Kelantan-Thailand border, says Saifuddin Nasution

Brazilian President Luiz Inacio Lula da Silva on Tuesday urged leaders of the Group of 20 (G20) major economies to accelerate their national climate targets, calling on them to reach net zero climate emissions five to 10 years ahead of schedule.

Lula urges G20 leaders to move faster on net zero climate targets

Bright Packaging Industry Bhd (KL:BRIGHT) has seen a change in largest shareholder after businessman Datuk Ricky Wong Shee Kai sold a 17.78% stake to non-independent director Lye Jun Fei.

Bright Packaging sees emergence of new largest shareholder after Ricky Wong 17.8% stake sale

<p>A brief recap of some corporate announcements that made the news on Tuesday.</p>


Hibiscus Petroleum, Dutch Lady, Dialog, Malayan Flour Mills, Cape EMS, Star Media, Teladan, SAM Engineering, APM Automotive, Comfort Gloves, Hextar Global, IFCA MSC, TCS Group, Binastra, Handal Energy

<p>Cape EMS Bhd (KL:CEB) booked its first quarterly loss since its listing in March 2023, with a net loss of RM18.95 million in the third quarter ended Sept 30, 2024 (3QFY2024), compared with a net profit of RM15.21 million in the same quarter last year.</p>


Cape EMS posts first quarterly loss since listing amid margin pressure

<p>Dialog Group Bhd's (KL:DIALOG) net profit in the first quarter ended Sept 30, 2024 (1QFY2025) grew 14.2% to RM150.97 million, from RM132.17 million a year ago, despite lower revenue.</p>


Dialog's 1Q profit grows 14%, driven by midstream tank storage business and big opex drop

<p>IFCA MSC Bhd posted a sharp year-on-year increase in its third quarter net profit, driven by strong revenue growth and operational efficiencies.</p>

<p>Net profit for the quarter ended Sept 30, 2024 (3QFY2024) jumped to RM5.5 million, nine times the RM610,000 it made in 3QFY2023, on higher revenue contributions and improved cost management, its bourse filing showed. &nbsp;</p>


IFCA MSC's 3Q profit surges on robust sales, announces plan to cap cash pile at RM70 mil

<p>Despite the looming uncertainty in global trade arising from the US trade policy, economists are largely optimistic on Malaysia’s export growth outlook, citing trade diversions and front-loading opportunities, following October's rebound as growth in electronics and palm oil deliveries offset sharp contraction in shipments of petroleum.</p>


Economists maintain forecasts for Malaysia's export growth despite October's below-forecast rebound

<p>Bright Packaging Industry Bhd (KL:BRIGHT) has seen a change in largest shareholder after businessman Datuk Ricky Wong Shee Kai sold a 17.78% stake to non-independent director Lye Jun Fei.</p>


<p>Dutch Lady Milk Industries Bhd (KL:DLADY) reported a marginal 2.5% increase in its third quarter net profit to RM17.22 million from RM16.79 million a year ago, despite a drop in revenue, thanks to lower tax expenses following a positive correction on costs that were initially disallowed for tax deduction.</p>


Dutch Lady posts higher 3Q net profit on lower tax expenses but operating profit drops 16.5%

<p>Handal Energy Bhd (KL:HANDAL) was slapped with a RM132.6 million counterclaim from a former joint venture (JV) partner, alleging a breach of their JV agreement.</p>


Handal Energy hit with RM132.6 mil counterclaim from former JV partner

<p>Comfort Gloves Bhd (KL:COMFORT) posted a wider net loss in the quarter ended Sept 30, 2024 (3QFY2024) on higher provisions for slow-moving inventory, write-downs and sizeable foreign exchange loss.</p>


Comfort Gloves' 3Q net loss widens on higher provisions, forex loss

<p>Wall Street's main indexes fell on Tuesday, as escalating tensions between Russia and Ukraine dented risk appetite globally and sent investors rushing for safe-haven assets.</p>


Wall Street falls as mounting Russia-Ukraine tensions cause jitters

<p>Malaysia will witness a projected 87,000 deaths from 2020 to 2030 if there is no intervention to combat antimicrobial resistance (AMR), said Health Minister Datuk Seri Dr Dzulkefly Ahmad.</p>

<p>He said the figure is equivalent to 0.26% of the country's estimated population of 33 million, based on a World Health Organization (WHO) report through a study conducted by the Western Pacific Regional Office (WPRO).</p>


Malaysia to face 87,000 deaths due to antimicrobial resistance by 2030 without intervention — Dzulkefly

<p>The world’s biggest coffee maker, Nestle SA, will continue raising prices and make packs smaller to limit the impact of higher bean prices on its bottom line.</p>


Nestle will lift coffee prices, shrink bags as beans get pricier

<p>Stocks in Asia were poised for a sluggish start as traders assess heightened geopolitical risks while awaiting the latest earnings from the world’s most valuable company. Bitcoin extended its post-election rally.</p>

<p>Futures pointed to small declines in Tokyo and Hong Kong, while Sydney was set to open little changed.</p>


<p>China’s Luckin Coffee Inc agreed to buy an equivalent of four million bags of beans from the world’s top exporter Brazil between 2025 and 2029, signalling continued demand from one of the fastest growing markets.</p>


<p>Ukrainian forces carried out their first strike on a border region in Russia using Western-supplied missiles as President Vladimir Putin approved an updated nuclear doctrine expanding the conditions for using atomic weapons.</p>


Ukraine carries out first strike with US missiles in Russia

<p>Trafigura was accused by Swiss prosecutors of channelling bribes to an Angolan official through a network of former employees, including one nicknamed “Mr Non-Compliant” by the company’s late founder.</p>


Trafigura paid bribes via ‘Mr Non-Compliant,’ say Swiss prosecutors 

<p>Mieco Chipboard Bhd (KL:MIECO) has returned to the black with a net profit of RM1.67 million in its third quarter ended Sept 30, 2024 (3QFY2024), from a net loss of RM45.89 million in 3QFY2023, on increased sales and improvement in production efficiency. &nbsp;</p>


Mieco returns to black in 3Q on better sales, efficiency

<p>European governments accused Russia on Tuesday of escalating hybrid attacks on Ukraine's Western allies, as Baltic nations investigated whether the cutting of two fibre-optic telecommunication cables in the Baltic Sea was sabotage.</p>


<p>There are only three official entry points along the Malaysia-Thailand border in Kelantan — the Immigration, Customs, Quarantine and Security (ICQS) Complexs in Rantau Panjang, Bukit Bunga and Pengkalan Kubor — Home Minister Datuk Seri Saifuddin Nasution Ismail said.</p>


<p>While Malaysia is consolidating returns on previous infrastructure investments, leveraging its established expertise in electronics, semiconductors and data centres, political shifts and the gradual outflow of talent could impact future economic progress, according to the 9th edition of e-Conomy SEA by Google, Temasek and Bain &amp; Co.</p>
