<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 16): ELK-Desa Resources Bhd, which reported sharply higher quarterly net profit on Wednesday (Nov 16), also announced a one-for-two bonus issue.<br />
&nbsp;<br />
The entitlement date for the bonus issue of up to 151.6 million shares will be determined later, the group said in a bourse filing.</p></div>

<div class=newsTextDataWrapInner><p>It said that based on the five-day volume-weighted average price (VWAP) of its shares up to Nov 15, and the lowest daily VWAP of the shares during the past three months, the theoretical ex-bonus price is expected to be between 92.61 sen and 90.32 sen.</p></div>

<div class=newsTextDataWrapInner><p>ELK-Desa's net profit for the second quarter ended Sept 30, 2022 jumped to RM11.53 million from RM4.75 million a year earlier, on higher contribution from both its hire purchase and furniture segments.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group's share price closed seven sen or 4.96% higher at RM1.48 on Wednesday, its highest since October 2019.</p></div>

<div class=newsTextDataWrapInner><p>At RM1.48, the group has a market capitalisation of RM448.7 million. Year to date, the stock has risen 12% from RM1.32.</p></div>


ELK-Desa Resources Bhd, which reported sharply higher quarterly net profit on Wednesday (Nov 16), also announced a one-for-two bonus issue.
 
The entitlement date for the bonus issue of up to 151.6 million shares will be determined later, the group said in a bourse filing.

ELK-Desa proposes one-for-two bonus issue

KUALA LUMPUR (Nov 18): Shares of Press Metal Aluminium Holdings Bhd (KL:PMB) soared in early trade on Monday, as the aluminium futures price jumped after China announced the removal of tax rebate over exports of metal.

Press Metal shares soar after China removes tax rebate over aluminium exports

RIO DE JANEIRO, Brazil (Nov 18): In a landmark statement of international cooperation, the leaders of Malaysia and Brazil pledged to work together for “a reinvigorated multilateral system, rooted in the principles of the United Nations Charter and international law”.

G20: Malaysian, Brazilian leaders pledge to reform global governance for a fairer world order

Barisan Nasional (BN) Sabah chief Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette Abdul Samad must enter their defence in the graft case involving RM2.8 million linked to a Felcra Bhd investment.

Bung Moktar, wife must defend themselves against graft charges, court rules

(Nov 18): Bitcoin posted its biggest two-day retreat over the weekend since the US election amid a bout of caution in global markets, as traders assess the potential impact of President-elect Donald Trump’s policy agenda.

Bitcoin churns near US$90,000 after largest drop since US election

Xi Jinping used his final meeting with Joe Biden to send a clear message to Donald Trump: China wants to be friends, but is ready for a fight if necessary.

Xi’s olive branch to Trump comes with warning on China red lines 

A decade after China opened up its exchanges to a broad swath of international investors through a trading link with Hong Kong, investors are craving deeper access.

Investors eye IPO access as Hong Kong stock link turns 10

WASHINGTON (Nov 17): President-elect Donald Trump will tap Brendan Carr as chairman of the Federal Communications Commission (FCC), he said in a statement on Sunday.

Trump taps Brendan Carr for chairman of the Federal Communications Commission

Goldman Sachs Group Inc lowered its forecast for Australia’s economic growth in 2025, pointing to likely “negative spillovers” from the incoming Trump administration’s expected increase in tariffs on China.

Goldman cuts Australia economic outlook on Trump tariff impact

Warner Bros Discovery Inc is rolling out its Max streaming service in Asia this week with a contrarian strategy: Rather than investing billions of dollars in local content to attract new subscribers, it’s banking on its flow of big Hollywood movies and TV shows.

Netflix rival Max rolls out in Asia with slate of blockbusters

TOKYO (Nov 18): Japan’s core machinery orders unexpectedly fell in September 2024 from the previous month, government data showed on Monday, although they are expected to grow in the current quarter of the year.

Japan machinery orders unexpectedly fall in September 2024 — govt data

<p>KUALA LUMPUR (Nov 18): Shares of Kossan Rubber Industries Bhd (KL:KOSSAN) rose on Monday to their highest in nearly four months, after the glovemaker unexpectedly declared a special dividend despite below-view results.</p>


Kossan Rubber rises to near four-month high after surprise special dividend

<p>Most Asian stocks are set to fall early Monday as traders rein in expectations of Federal Reserve easing and come to terms with the cost of President-elect Donald Trump’s proposed fiscal and trade policies.</p>


Asian stocks eye soft start as Fed doubts simmer

<p>The South Korean won, the second-worst performing currency in Asia this year, looks poised to weaken further as Donald Trump’s tariff threat clouds the export-reliant country’s economic outlook.</p>


Korean won may face more pressure as tariff risk adds to jitters

<p>President Joe Biden's administration has lifted restrictions that had blocked Ukraine from using US-provided weapons to strike deep into Russian territory, said three sources familiar with the matter, in a significant change to US policy in the Ukraine-Russia conflict.</p>


Biden lifts ban on Ukraine using US arms to strike inside Russia

<p>North Korea may deploy as many as 100,000 troops to aid Russia’s war on Ukraine if the alliance between Pyongyang and Moscow continues to deepen, according to people familiar with assessments made by some Group of 20 nations.</p>


North Korea may end up sending Putin 100,000 troops for war

<p>Xi Jinping used his final meeting with Joe Biden to send a clear message to Donald Trump: China wants to be friends, but is ready for a fight if necessary.</p>


<p>Australia will mandate businesses selling essential items such as groceries and fuel to accept cash payments, joining countries from Spain to Denmark amid the growth in more preferable digital payment methods.</p>


Australia to safeguard cash payments as digital shift grows

<p>Barisan Nasional (BN) Sabah chief Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette Abdul Samad must enter their defence in the graft case involving RM2.8 million linked to a Felcra Bhd investment.</p>


<p>China’s steel exports have exploded higher. History suggests it can’t last.</p>


Chinese steel exports are booming but here’s why that won’t last

<p>A decade after China opened up its exchanges to a broad swath of international investors through a trading link with Hong Kong, investors are craving deeper access.</p>


<p>Warner Bros Discovery Inc is rolling out its Max streaming service in Asia this week with a contrarian strategy: Rather than investing billions of dollars in local content to attract new subscribers, it’s banking on its flow of big Hollywood movies and TV shows.</p>


<p>KUALA LUMPUR (Nov 18): Monday’s Dewan Rakyat session will discuss, among other matters, the government’s efforts to ensure local values and culture are preserved, particularly as no regulatory mechanism for artificial intelligence (AI) has been established so far.</p>


Local culture protection and autism centre support on Monday’s Dewan Rakyat agenda

<p>WASHINGTON (Nov 17): President-elect Donald Trump will tap Brendan Carr as chairman of the Federal Communications Commission (FCC), he said in a statement on Sunday.</p>


<p>(Nov 18):&nbsp;Bitcoin posted its biggest two-day retreat over the weekend since the US election&nbsp;amid a bout of caution in global markets, as traders assess the potential impact of President-elect Donald Trump’s policy agenda.</p>


<p>KUALA LUMPUR (Nov 18): Shares of Press Metal Aluminium Holdings Bhd (KL:PMB) soared in early trade on Monday, as the aluminium futures price jumped after China announced the removal of tax rebate over exports of metal.</p>


<p>Goldman Sachs Group Inc lowered its forecast for Australia’s economic growth in 2025, pointing to likely “negative spillovers” from the incoming Trump administration’s expected increase in tariffs on China.</p>


<p>SINGAPORE (Nov 18): Singapore’s non-oil domestic exports&nbsp;fell 4.6%&nbsp;in October this year,&nbsp;from the same month a year earlier, data on Monday showed, as shipments of non-electronics decreased, while electronics grew.</p>


Singapore’s October 2024 exports fall 4.6% y-o-y — Reuters

<p>TOKYO (Nov 18): Japan’s core machinery orders unexpectedly fell in September 2024&nbsp;from the previous month, government data showed on Monday, although they are expected to grow in the current quarter of the year.</p>


<p>As stewards of our planet, Sime Darby Property embraces the responsibility to ensure a sustainable future.</p>
