<div class=newsTextDataWrapInner>AllianceDBS downgrades Top Glove earnings forecast, lowers TP to RM4.05</div>

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AllianceDBS downgrades Top Glove earnings forecast, lowers TP to RM4.05

 
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AllianceDBS downgrades Top Glove earnings forecast, lowers TP to RM4.05

Asian shares edged lower, starting the last month of the year on a weak note after the recent rally, although anticipated interest rate cuts in Europe and the US should help ease pressure on local currencies and central banks.

Asian shares start December on weak note, dollar on back foot

A client of Malaysia’s biggest bank recently discovered that her bank balance had mysteriously increased to more than US$86 million (RM404 million).

Woman discovers over RM404m mistakenly deposited in Maybank account

DBS Group Holdings Ltd’s customers may face slight delays in accessing their mobile banking accounts, due to “higher-than-normal concurrent logins”, the bank said in a Facebook post on Friday.

DBS says customers may face delays in mobile banking access

PUTRAJAYA (Dec 1): Outdated regulations in the civil service that are no longer suitable will be amended to speed up the process of implementing projects, especially those that will benefit the people, said Chief Secretary to the Government Tan Sri Mohd Zuki Ali.

Mohd Zuki: Outdated regulations to be amended to expedite people’s projects

United Nations Secretary General Antonio Guterres told world leaders on Friday that the burning of fossil fuels must be stopped outright and a reduction or abatement in their use would not be enough to stop global warming.

UN chief says ending fossil fuel use is only way to save burning planet

Mutual funds that hold bonds are selling like hot cakes in China as investors bet the central bank will cut interest rates further to aid the struggling economy.

China's weak economy spurs furious demand for bond funds

Banking and financial services stocks were among the top gainers in early morning trade on Friday, after they concluded the latest earnings reporting season with mostly encouraging results.

Banking stocks among top gainers in early trade

TOKYO (Dec 1): The Bank of Japan (BOJ)'s massive asset-buying scheme introduced in 2013 led to a sharp deterioration in bond market function, which continued to worsen after the adoption of yield curve control, a central bank survey of market participants showed on Friday.

BOJ survey highlights sharp bond market strains from ultra-easy policy

TOKYO (Dec 1): Asia's factory activity remained weak in November on soft global demand, surveys showed on Friday, with mixed signs on the strength of China's economy clouding the outlook for the region's fragile recovery.

Asia factory activity weakens, uncertainty on China clouds outlook

Senior lawyer Datuk Hisyam Teh Poh Teik will be the lead counsel for former Tronoh assemblyman Paul Yong Choo Kiong’s appeal against his conviction, 13 years’ jail and two strokes of the cane for raping his maid in 2019.

Hisyam Teh to lead defence in ex-Tronoh assemblyman Paul Yong's rape appeal

Texas Attorney General Ken Paxton sued Pfizer Inc&nbsp;for allegedly misrepresenting the effectiveness of the company’s Covid-19 vaccine.

Texas sues Pfizer over Covid-19 vaccine effectiveness claims

After ditching the airasia Superapp name and rebranding as Move in September, Capital A Bhd’s digital arm wants to become an established and widely recognised online travel agency in Southeast Asia.&nbsp;

Move CEO wants travel brand recognition in post-AirAsia era

Billionaires minted in the latest year accumulated more wealth through inheritance than entrepreneurship for the first time since UBS started tracking the fortunes of the world’s richest almost a decade ago, said CNN.

CNN: New billionaire heirs overtake self-made ones, with US$5.2 trillion wealth transfer over next 20 years

Prime Minister Datuk Seri Anwar Ibrahim on Friday registered with the National Digital Identity or Digital ID, making him the first person in the country to have&nbsp;the Digital ID facility.

Anwar first to have digital ID in Malaysia

Banking and financial services stocks were among the top gainers in early morning trade on Friday, after they concluded the latest earnings reporting season with mostly encouraging&nbsp;results.

TikTok chief executive officer Shou Chew and other top executives met recently with 40 influential leaders, including many from the tech industry, who were pushing for more moderation of antisemitic content and questioning why pro-Palestine videos were so popular on the short-video app.

TikTok CEO challenged by tech leaders on pro-Palestine posts

The defence in Datuk Seri Najib Razak’s second SRC International Sdn Bhd case on Friday applied for the former prime minister to be given a discharge not amounting to acquittal in the ongoing money-laundering case, as the attorney general had not made a decision over the representation letter submitted in July.

Defence applies to discharge Najib in second SRC case

BEIJING (Dec 1): Malaysia&nbsp;has invited China’s President Xi Jingping to visit, its ambassador to Beijing said on Friday, as the Southeast Asian country also seeks to boost the number of Chinese tourists to five million a year, to fuel economic growth.

Malaysia invites China’s Xi to visit, ramps up tourism target

November saw further moderation in the Malaysian manufacturing sector, as demand conditions remained subdued. That said, there were some tentative signs of improvement, resulting in less pronounced slowdowns in new orders, output and employment, while business confidence reached a seven-month high.

M'sian manufacturing PMI at seven-month high amid softer moderation in new orders

Hong Leong Investment Bank (HLIB) has maintained its “buy” call on IHH Healthcare Bhd, with a target price of RM7.62, as it continued to favour IHH for its resilience in a defensive sector and positioning to benefit from global megatrends, such as an ageing population.

IHH Healthcare poised to benefit from megatrends such as ageing population, says HLIB

Prime Minister Datuk Seri Anwar Ibrahim on Friday stressed that the people's concerns&nbsp;over the implementation of the National Digital Identity or&nbsp;Digital ID, such as personal and banking records being leaked and chips implanted into the bodies of individuals, are completely unfounded.

Digital ID concerns such as personal data leaks and chip implants unfounded, says Anwar

Global commercial real estate and investment management company JLL has announced the retirement of JLL Property Services (Malaysia) chairperson YY Lau, and a new strategic partnership with Appraisal Malaysia, a domestic real estate firm with over 50 years of valuations, consultancy and advisory services expertise, according to a press release issued on Friday.

JLL announces retirement of country head YY Lau, new partnership with Appraisal Malaysia

Petroliam Nasional Bhd (Petronas) and its petroleum arrangement contractors have recorded 19 exploration discoveries and two exploration-appraisal successes, contributing over one billion barrels of oil equivalent (bboe) of new resources for Malaysia in 2023.

Petronas finds over 1 bil barrels of oil equivalent exploration discoveries in 2023

Bursa Malaysia Bhd on Friday launched the IR4U programme, a comprehensive programme to support and enhance the standards and capabilities of investor relations (IR) practices&nbsp;to raise the visibility and investability of Malaysian&nbsp;listed companies.

Bursa launches IR4U programme to support, enhance investor relations practices

KUALA LUMPUR (Dec 1): Bursa Malaysia ended the morning session flat&nbsp;on Friday, as buying interest in selected heavyweight stocks&nbsp;was offset by selling in the mid- and lower liners, while worries over China’s economy further dampened sentiment,&nbsp;a dealer said.&nbsp;

Bursa Malaysia flat at midday break as China worries weigh on sentiment

Alibaba Group Holding Ltd received a rare downgrade from Wall Street on the same day it lost its crown as China’s most valuable e-commerce firm to one of its main rivals.

Morgan Stanley cut its rating on Alibaba’s American depositary receipts to equal-weight from overweight, lowering its price target to US$90 (RM420.93) from US$110.

Alibaba gets rare Wall Street downgrade as rival gains traction

A media statement by Dr&nbsp;Ong Kian Ming, a former deputy international trade and industry minister, on Dec 1, 2023.

Public interest must not be sacrificed in DNB shareholder agreement, says Ong Kian Ming

The Dow Jones Industrial Average closed at its highest level since January 2022 as investors crossed the finish line of a banner month for stocks and viewed cooling inflation data as a harbinger of easing Federal Reserve (Fed) monetary policy.

Dow rallies to year's highest close, caps blockbuster month

KUALA LUMPUR (Dec 1): RHB Investment Bank Research&nbsp;(RHB IB) has upgraded its rating on IJM Corp&nbsp;Bhd&nbsp;(IJM) to “buy”, with a higher target price of RM2.21 (previously RM1.99) based on sum-of-the-parts valuation, following the group’s better-than-expected financial performance in the first half of&nbsp;financial year&nbsp;ended Sept 30, 2023 (1HFY2024).&nbsp;

RHB IB upgrades IJM Corp on strong earnings and prospects, raises target price to RM2.21

KUALA LUMPUR (Nov 30): Analysts are expecting wider losses for Capital A Bhd for the financial year ending Dec&nbsp;31, 2023 (FY2023), after its recent nine-month results missed consensus, in line with lower-than-expected rebound in air travel.