<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 11): AllianceDBS Research said the immediate support for Eastern &amp; Oriental Bhd (E&amp;O) had on April 10 traded within last Friday’s range to form an inside day bar before closing at the day’s low of RM1.86 (down 4 sen or 2.10%).</p></div>

<div class=newsTextDataWrapInner><p>In its evening edition yesterday, the research house said E&amp;O fell below the 50-day moving average line on April 10 after spending 6 days between the 20-day and 50-day MA lines.</p></div>

<div class=newsTextDataWrapInner><p>“The inside day bar indicated a breather in the game play.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Following the down close on April 10, the stock is likely to move lower with immediate support at RM1.85.</p></div>

<div class=newsTextDataWrapInner><p>“A fall below RM1.85 should see further price decline to the subsequent support zone, RM1.70 – RM1.80.</p></div>

<div class=newsTextDataWrapInner><p>“The hurdle is pegged at RM1.97. A rise above RM1.97 would lift the stock to the next resistance zone, RM2.07 – RM2.13,” it said.</p></div>

<div class=newsTextDataWrapInner><p>AllianceDBS Research said stock volume traded on April 10 was 1.37 million shares compared to the 3-month average volume of 2.46 million shares.</p></div>

<div class=newsTextDataWrapInner><p>The research house said that indicators wise, the MACD was below the 9-day moving average line with the sell signal remains intact.</p></div>

<div class=newsTextDataWrapInner><p>It said the relative strength index indicated that the stock was currently in a neutral zone.</p></div>


KUALA LUMPUR (April 11): AllianceDBS Research said the immediate support for Eastern & Oriental Bhd (E&O) had on April 10 traded within last Friday’s range to form an inside day bar before closing at the day’s low of RM1.86 (down 4 sen or 2.10%).

In its evening edition yesterday...

Immediate support for E&O at RM1.85, says AlllianceDBS Research 

Taiwan's premier said on Monday the government faced a crisis in day-to-day operations, including national security, because of large cuts to this year's budget proposed by opposition parties, who have cited a need to cut waste.

Although Lai Ching-te won the presidential election last year, his Democratic Progressive Party (DPP) lost its majority in parliament, giving the opposition the most seats and legislative control that includes spending proposals.

Taiwan's Lai says opposition's budget cuts would cripple key govt functions

The Selangor government is conducting a comprehensive review of potential mechanisms, to address the declining paddy purchase prices in the state.

Selangor conducting comprehensive review to address paddy purchase price issue, says MB

Philippine authorities arrested a Chinese national and two Filipino cohorts for alleged espionage, officials said on Monday, in a case that comes amid the nations’ lingering geopolitical tensions.

Philippines arrests suspected Chinese spy, heating up tensions

China’s deflationary pressures were most severe in its industrial sector for a second straight year, in a sign of a deep imbalance between supply and demand that’s driving prices lower across the economy and inflaming trade tensions.

China’s worst deflation was in industry as supply glut persisted

Jobseekers in Malaysia are increasingly targeted by emerging scams, including in cryptocurrency task fraud and money mule schemes, according to hiring portal Jobstreet.

Jobstreet warns of emerging job scams from cryptocurrency task fraud, money mules

The Malaysian Palm Oil Council (MPOC) expects crude palm oil (CPO) prices to trade between RM4,250 and RM4,550 per tonne in the first quarter of 2025 (1Q2025), underpinned by low inventory, stable demand, and constrained supply of other edible oils.

CPO prices seen at RM4,250-RM4,550 a tonne in 1Q on supply-demand tightness, says MPOC

SkyWorld Development Bhd (KL:SKYWLD) has proposed to diversify into manufacturing prefabricated and prefinished modular systems, which it plans to employ in its affordable housing project in Penang.  

The new business, which the group says could potentially contribute a quarter of its net profit, will be undertaken via a collaboration with Singapore-based prefabricated and prefinished modular systems maker Teambuild Holdings (S) Pte Ltd, according to the property developer’s bourse filing on Monday.

SkyWorld eyes diversfiying into prefabricated manufacturing business

KUALA LUMPUR (Jan 20): Perusahaan Otomobil Kedua Sdn Bhd (Perodua) and Universiti Teknologi Malaysia (UTM) have signed a memorandum of understanding (MOU) to collaborate on the development of next-generation electric vehicles (xEVs).

Perodua, Universiti Teknologi Malaysia tie up to develop next-gen EVs

Mieco Chipboard Bhd (KL:MIECO) is disposing of two pieces of industrial land in Kuantan, Pahang, for RM40 million to transportation company G-Force Sdn Bhd, in a bid to reduce fixed overhead costs and improve production efficiency. The disposal will result in an estimated net loss of RM2.45 million.

Mieco to sell two pieces of industrial land in Kuantan at RM2.45m loss

Datasonic Group Bhd (KL:DSONIC) has received one-year extensions for its contracts to supply Malaysian passports and polycarbonate biodata pages to the Immigration Department of Malaysia.

Datasonic secures one-year extensions for passport supply and biodata page contracts

<p>A consortium led by Khazanah Nasional Bhd is revising the terms for its takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) to lower the acceptance conditions to at least 85%.</p>


Khazanah-led consortium lowers acceptance terms for Malaysia Airports takeover to 85%, deadline extended

<p>TikTok began restoring its services on Sunday after President-elect Donald Trump said he would revive the app's access in the US when he returns to power on Monday.</p>


TikTok restores US service after Trump says 'we have to save it' 

<p>KUALA LUMPUR (Jan 20): A proposal to convert private lease scheme land to freehold status in Medini Iskandar in Johor, will significantly boost Sunway Bhd’s (KL:SUNWAY) land value and gross development value, according to an analyst.</p>


Sunway to get significant boost from Medini land conversion offer, HLIB says

<p>Singapore’s currency weakness is likely to endure amid expectations that its central bank pivots to easing and US tariffs ripple through the global economy.</p>


Singapore dollar set to weaken as monetary authority pivot comes into focus

<p>AHAM Asset Management Bhd (AHAM Capital) has declared a total income distribution of RM1.11 billion for the financial year 2024 (FY2024), covering 89 wholesale and retail funds.</p>


AHAM Capital declares RM1.11b income distribution for FY2024

<p>Malaysia’s exports continued their expansionary trajectory in 2024, driven by strong performances in both manufactured and agricultural products, official data on Monday showed.</p>


Malaysia's 2024 trade jumps 9.2% to record high; exports top RM1 tril for fourth straight year

<p>President-elect Donald Trump is poised to invoke emergency powers as part of his plan to unleash domestic energy production while seeking to reverse President Joe Biden’s actions to combat climate change, according to people familiar with the matter.&nbsp;</p>


Trump to declare national energy emergency, unlocking new powers — Bloomberg

<p>Convenience store chain operator 7-Eleven Malaysia Holdings Bhd (KL:SEM), in which Berjaya Group founder Tan Sri Vincent Tan owns a 28.07% stake, said on Monday it is setting up 100 original cash recycling machines (CRMs) at its outlets across Malaysia.</p>


7-Eleven Malaysia to set up 100 Seven Bank cash recycling machines at its outlets

<p>SRC International Sdn Bhd’s lawsuit against Umno went to trial on Monday after both parties failed to reach an out-of-court settlement.</p>


SRC and Umno fail to reach settlement in RM19.5 mil civil suit, trial starts

<p>WHILE it’s hard to say if the worst is over for a number of beaten-down blue chips, market experts believe it is a matter of time before things look up on the back of strong investment flows.</p>

<p>In fact, some fund managers and analysts are of the view that some of the stocks’ undemanding v...

Better days ahead for beaten-down big caps on Bursa 

<p>KUALA LUMPUR (Jan 20): Bursa Malaysia Bhd (KL:BURSA) will likely report a 37%-39% net profit growth for 2024, even as earnings may decline in the final three months on a quarter-on-quarter basis, CIMB Securities said.</p>


Bursa Malaysia to report 37%-39% net profit growth in 2024, CIMB estimates

<p>WASHINGTON (Jan 19):&nbsp;Donald Trump&nbsp;told thousands of roaring supporters that he would impose severe limits on immigration on his first day in office, vowing to swiftly fulfil the central promise of his presidential campaign at a rally on Sunday, inside a packed Washington arena, a day before he returns to power.</p>


Trump promises harsh immigration limits on inauguration eve

<p>Local institutions remained net buyers for the 13th consecutive week on Bursa Malaysia, with net purchases of RM797.8 million, according to MIDF Amanah Investment Bank Bhd (MIDF).</p>


MIDF: Local institutions maintain buying streak on Bursa for 13th straight week

<p>GEORGE TOWN (Jan 20): Fajarbaru Builder Group Bhd (KL:FAJAR) and the Penang Development Corporation (PDC) have signed the&nbsp;master purchase and development agreement (master PDA) for the first phase of the Penang Medi-City project in Batu Kawan.</p>


Fajarbaru, Penang Development Corporation ink master agreement for phase 1 of Medi-City in Batu Kawan

<p>Jendela Pinggiran Sdn Bhd (JPSB) — a subsidiary of SRC International Sdn Bhd allegedly set up to carry out corporate social responsibility (CSR) activities and received RM43.96 million of SRC funds in 2015 — was used as former Umno president Datuk Seri Najib Razak’s “slush fund”, the High Court heard on Monday.</p>


SRC's sham CSR subsidiary used as Najib’s RM43.96 mil slush fund, court hears

<p>Former prime minister Datuk Seri Najib Razak said that he did not intimidate KPMG’s ex-managing partner Datuk Johan Idris to close the pending audit of 1Malaysia Development Bhd (1MDB) in 2013.</p>


1MDB-Tanore: Najib says didn't intimidate KPMG auditor

<p>Former prime minister Datuk Seri Najib Razak reiterated in court on Monday that he did not take instructions from fugitive Low Taek Jho (Jho Low).</p>


Najib says he did not follow Jho Low's instructions

<p>KUALA LUMPUR (Jan 20): ACE Market-bound Northern Solar Holdings Bhd is expected to continue delivering its above-average net profit margin on lower global solar-panel prices, said PublicInvest Research.</p>


ACE Market-bound Northern Solar’s fair value at RM1, margins above average — PublicInvest

<p>SEREMBAN (Jan 20): The previously terminated high-speed rail (HSR) project linking Kuala Lumpur and Singapore can only proceed with full participation from the private sector and minimal government funding, Transport Minister Anthony Loke Siew Fook reiterated on Monday.</p>


Minimal govt funding for HSR, revival hinges on private participation, says Loke

<p>Dialog Group Bhd’s (KL:DIALOG) proposed subscription of a 27.78% stake in Regas Terminal Sdn Bhd (RGTP), which has an air separation unit (ASU) project in Pengerang, is expected to raise its associate contribution by RM5 million to RM10 million a year, said Maybank Research.</p>
