<div class=newsTextDataWrapInner><p>SINGAPORE (Aug 6): Dairy Farm International’s management and investors were disappointed when they scrutinised its 1H19 results, for early signs of growth forged by its transformation programme to improve business performance and achieve long-term sustainable growth.</p></div>

<div class=newsTextDataWrapInner><p>For a start, some improvements seen in 1H19 included a 13% hike in combined sales inclusive of 100% of its associates and joint ventures of US$13.8 million (S$19.1 million), up from US$12.2 million in 1H18. This was primarily due to the impact of<a href="https://www.theedgesingapore.com/capital/investing-idea/dairy-farms-transformation-plan-needs-more-time-work-its-magic" target="_blank"><em>...(click on link for full story on theedgesingapore.com)</em></a></p></div>
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SINGAPORE (Aug 6): Dairy Farm International’s management and investors were disappointed when they scrutinised its 1H19 results, for early signs of growth forged by its transformation programme to improve business performance and achieve long-term sustainable growth.

Dairy Farm's transformation plan needs more time to work its magic

Shares of Nationgate Holdings Bhd (KL:NATGATE) fell in early trading after its third-quarter results came in below analysts expectations.

Nationgate shares slide in early trade after 3Q results miss expectations

The risk of trade sanctions from the US due to Prime Minister Datuk Seri Anwar Ibrahim's vocal stance in defending the rights of the Palestinian people and state will be among the highlights of Thursday's Dewan Rakyat sitting.

Trade sanction risks due to vocal support for Palestinian rights highlight of Thursday's Dewan Rakyat sitting

South Korea's central bank cut benchmark interest rates for a second straight meeting on Thursday in a surprise move as the economy stalled and inflation slowed more than policymakers predicted.

South Korea makes first back-to-back rate cuts since 2009

Pony AI Inc’s American depositary shares (ADS) erased an early pop to decline 7.7% in their trading debut after raising US$413.4 million (RM1.84 billion) in an initial public offering (IPO) and concurrent private placements, after delaying the pricing by a week.

Driverless tech firm Pony AI’s shares sink 7.7% after US IPO

The US Federal Trade Commission (FTC) has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday.

Microsoft faces wide-ranging US antitrust probe — Reuters

MORNING CALL: 28/11/24

A stronger yen weakened Japanese equity futures Thursday after a rally in Treasuries weighed on yields and the dollar. US stocks fell ahead of the Thanksgiving holiday.

Contracts for Japanese shares fell 0.8%, while those for Hong Kong rose alongside Australian shares.

Yen strengthens on dollar as US bond yields fall

The Federal Reserve’s (Fed) preferred measure of underlying inflation accelerated in October from a year ago, helping explain policymakers’ more cautious approach to lowering interest rates.

Fed’s favoured inflation gauge picks up, backs cautious approach

Pending sales of US homes unexpectedly rose to a seven-month high in October as a brief drop in mortgage rates lured buyers.

A National Association of Realtors gauge of contract signings increased 2% to 77.4 last month.

US pending home sales increase to highest level since March

China is continuing to buy US soybeans, confounding some traders who had expected the flow of shipments to slow down ahead of a potential trade war between both countries.

A Chinese state buyer picked up at least eight cargoes last week to build national reserves, according to traders familiar with the sales.

China keeps buying US soy in surprise move after Trump’s win

<p>The suspended group CEO of TMC Life Sciences Bhd (KL:TMCLIFE) has pushed back against allegations of misconduct levied upon her, alleging that the healthcare provider is attempting to “pin the blame” on her over certain contract decisions.</p>


Suspended CEO says TMC Life Sciences trying to ‘pin blame’ on her over certain contract issues

<p>Sarawak’s state government has become the largest shareholder of banking group Affin Bank Bhd, after the completion of a deal with Lembaga Tabung Angkatan Tentera (LTAT) for the acquisition of 165.05 million shares or 6.87% in the bank.</p>


Sarawak is now Affin's largest shareholder with 31.25% stake

<p>Here is a brief recap of some corporate announcements that made the news on Wednesday.</p>


AMMB, Inari, FGV, PetGas, TIME dotCOM, IJM, Chin Hin, Media Prima, Hengyuan, Kerjaya Prospek, BHIC, Tropicana Corp

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EVENING 5: Five things you need to know today

<p>China is continuing to buy US soybeans, confounding some traders who had expected the flow of shipments to slow down ahead of a potential trade war between both countries.</p>

<p>A Chinese state buyer picked up at least eight cargoes last week to build national reserves, according to traders familiar with the sales.</p>


<p>Nationgate Holdings Bhd’s (KL:NATGATE) net profit more than doubled for the third quarter on a record high quarterly topline, boosted by unrealised foreign exchange (forex) gains.</p>


Hefty forex gain keeps Nationgate profitable in 3Q

<p>MEXICO CITY (Nov 28): Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if U.S. President-elect Donald Trump followed through with his proposed 25% across-the-board tariff, a move her government warned could kill 400,000 U.S. jobs.</p>

<p>"If there are U.S. tariffs, ...

Mexico warns Trump tariffs would kill 400,000 US jobs, threatens retaliation

<p>The S&amp;P 500 and the Nasdaq edged lower on Wednesday, weighed by a decline in technology stocks, while investors focused on the Federal Reserve's next move following an in-line inflation reading.</p>


Tech stocks drag on S&P 500, Nasdaq after inflation data

<p>Citaglobal Bhd (KL:CITAGLB) has firmed up its collaboration with electric vehicle maker Tree Technologies Sdn Bhd to develop an industrial park with green elements in Pahang. It also proposed a bonus issue of up to 88.07 million free warrants.&nbsp;</p>


Citaglobal firms up collaboration to develop eco-friendly industrial park, proposes one-for-five bonus warrants

<p>Tropicana Corporation Bhd (KL:TROP) announced it posted a net loss of RM454.93 million for the three months ended Sept 30, 2024 (3QFY2024) as a result of the recognition of one-off losses of RM474.8 million.</p>


Provision for asset sales weighs on Tropicana Corp's 3Q

<p>A total of 11 electricity substations have been shut down as of Wednesday night due to the increasingly worrying flood situation around Kota Bharu, Machang and Tanah Merah.</p>


TNB shuts down 11 substations in Kelantan as floods worsen; three district offices shutter in Pasir Mas

<p>Communications Minister Fahmi Fadzil will meet with the management of three news portals on Thursday to address the issue of unpaid salaries for media personnel.</p>


Fahmi says will address salary arrears with news portals on Thursday

<p>Media Prima Bhd (KL:MEDIA) posted an 86.77% drop in its first quarter net profit from the corresponding quarter a year ago as revenue fell, coupled with a notable decrease in its other operating income.</p>


Media Prima reports 87% drop in quarterly profit as revenue falls

<p>The US economy expanded at a solid pace in the third quarter, largely powered by a broad-based advance in consumer spending as inflation continued to cool.</p>


US GDP grows at solid 2.8% pace, helped by consumer spending

<p>LGMS Bhd, bolstered by the rising demand for cyber security services and solutions, has increased its workforce substantially and plans to more than double its number of skilled professionals by mid-2025.</p>


LGMS looking to double workforce on growing cyber security demand

<p>Integrated circuit maker JF Technology Bhd (KL:JFTECH) plans to raise RM46.35 million via a private placement to fund its new investment and ongoing business expansion.</p>


JF Tech plans RM46 mil private placement to fund new investment and capital expenditure  

<p>The flood situation in Kelantan and Terengganu has worsened, with the number of evacuees rising, and additional temporary evacuation centres being opened, as of 8pm.</p>


Number of flood evacuees in Kelantan, Terengganu on the up

<p>The Sustainable Energy Development Authority (Seda) is set to offer rebates to industry players that undertake energy efficiency initiatives.</p>


Sustainable Energy Development Authority: Rebates under Save 4.0 programme now extended to industry players

<p>A stronger yen weakened Japanese equity futures Thursday after a rally in Treasuries weighed on yields and the dollar. US stocks fell ahead of the Thanksgiving holiday.</p>

<p>Contracts for Japanese shares fell 0.8%, while those for Hong Kong rose alongside Australian shares.</p>


<p>A selloff in giant technology companies dragged down stocks, while the latest economic data gave support to the Federal Reserve’s (Fed) cautious stance on rate cuts.</p>
