<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 27): Kenanga Research has initiated coverage of cybersecurity penetration testing company LGMS Bhd with an "outperform" rating at RM1.18 and target price (TP) of RM1.50.</p></div>

<div class=newsTextDataWrapInner><p>In a note on Thursday (Oct 27), the research house said LGMS thrives in both economic boom and down cycle.</p></div>

<div class=newsTextDataWrapInner><p>It said that for instance, the 2008 economic downturn resulted in cybercrime hitting a record high in the US while an economic boom is expected to drive the adoption of digitalisation and in turn increase demand for cybersecurity.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“A fascinating fact is that the group’s impressive revenue growth of 17.6% CAGR in the last three years was achieved by word of mouth from customers and partners such as Alibaba Cloud, TIME dotCom, Measat, and top commercial and investment banks in Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>“With the IPO proceeds, the group will expand its talent size, regional presence and launch its new blockbuster product (Project Mercury).</p></div>

<div class=newsTextDataWrapInner><p>“We initiate coverage with an 'outperform' call and a TP of RM1.50,” it said.</p></div>


Kenanga Research has initiated coverage of cybersecurity penetration testing company LGMS Bhd with an "outperform" rating at RM1.18 and target price (TP) of RM1.50.

Kenanga Research starts coverage of LGMS, target price at RM1.50

The Health Ministry (MOH) has identified one new case of monkeypox (mpox) that was reported on Jan 10 involving a Malaysian man aged 24.

One new mpox case reported involving local man — Health Ministry

Prime Minister Datuk Seri Anwar Ibrahim has firmly stated that the government has not concealed any addendum related to former prime minister Datuk Seri Najib Razak’s purported house arrest.

Anwar: Govt did not hide addendum on Najib’s purported house arrest

The largest of the raging wildfires that have devastated parts of Los Angeles this week was reported to have shifted direction on Saturday, triggering more evacuation orders and posing a new challenge to exhausted firefighters.

Big Los Angeles wildfire switches direction, posing new threat despite winds easing

British finance minister Rachel Reeves, facing criticism for travelling to China during financial market turmoil at home, said on Saturday she will act to ensure the government's fiscal rules are met.

Amid market turmoil, UK's Reeves says will act to meet fiscal rules

The two black boxes on the Boeing jet involved in the worst aviation disaster on South Korean soil stopped recording about four minutes before the accident, the transport ministry said on Saturday.

Jeju Air black box data missing from crucial minutes before crash, South Korea ministry says

The lawyer for TikTok and its Chinese parent company ByteDance offered a warning during Supreme Court arguments over a law that would compel the sale of the short-video app or ban it in the US: If Congress could do this to TikTok, it could come after other companies, too.

TikTok warns of broader consequences if US Supreme Court allows ban

The government is reviewing a proposal to fully ban the use of asbestos, a material still widely used in the country despite concerns over its harmful health effects, according to Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad.

Govt considering proposal to ban asbestos use completely — Nik Nazmi

The government will not tolerate unjustified increases in health insurance premiums, Prime Minister Datuk Seri Anwar Ibrahim said.

No tolerance for unjustified health insurance premium hikes, says Anwar

UBS could be seen as being too big for Switzerland following its takeover of Credit Suisse, former Swiss finance minister Ueli Maurer said on Saturday, with measures needed to reduce the risks of the enlarged bank.

Former Swiss finance minister warns about size of enlarged UBS — report

Indonesia and Japan’s leaders pledged to deepen bilateral cooperation on several fronts including defence, energy and food security at a meeting Saturday, as Tokyo seeks to boost its influence in Southeast Asia.

Indonesia, Japan leaders agree to boost defence, energy ties

<p>Two police reports have been lodged against former Rembau member of Parliament Khairy Jamaluddin following his remarks on a document regarding Datuk Seri Najib Razak’s purported house arrest.</p>


Azalina and Dr Zaliha’s aides file police reports against Khairy

<p>The two black boxes on the Boeing jet involved in the worst aviation disaster on South Korean soil stopped recording about four minutes before the accident, the transport ministry said on Saturday.</p>


<p>The Light Rail Transit (LRT) Mutiara Line project will feature 21 strategically located stations, including a provisional station on Penang South Reclamation Island-A (PSR-A), covering a total distance of 29.5km.</p>


LRT Mutiara Line to feature 21 stations along 29.5km route, says Loke

<p>The use of the Quick Response (QR) code system through the MyBorderPass application will be extended to Asean travellers departing Malaysia.</p>


QR code use at KLIA to be expanded to Asean travellers

<p>Prime Minister Datuk Seri Anwar Ibrahim has firmly stated that the government has not concealed any addendum related to former prime minister Datuk Seri Najib Razak’s purported house arrest.</p>


<p>The government will not tolerate unjustified increases in health insurance premiums, Prime Minister Datuk Seri Anwar Ibrahim said.</p>


<p>The federal government is paying serious attention to the concerns of Penang residents regarding part of the Sungai Nibong pesta site being taken over to build a depot for the Mutiara Line Light Rail Transit (LRT) project.</p>


Mutiara LRT Line: Govt giving serious attention to residents' concerns, says Anwar

<p>US bank JPMorgan Chase on Friday asked its employees who are on hybrid work schedules to return to the office five days a week starting in March, an internal memo seen by <em>Reuters </em>showed, prompting hundreds of staff comments, including complaints.</p>


JPMorgan asks staff to return to office five days a week, prompting complaints

<p>British finance minister Rachel Reeves, facing criticism for travelling to China during financial market turmoil at home, said on Saturday she will act to ensure the government's fiscal rules are met.</p>


<p>The government is reviewing a proposal to fully ban the use of asbestos, a material still widely used in the country despite concerns over its harmful health effects, according to Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad.</p>


<p>UBS could be seen as being too big for Switzerland following its takeover of Credit Suisse, former Swiss finance minister Ueli Maurer said on Saturday, with measures needed to reduce the risks of the enlarged bank.</p>


<p>The Health Ministry (MOH) has identified one new case of monkeypox (mpox) that was reported on Jan 10 involving a Malaysian man aged 24.</p>


<p>Indonesia and Japan’s leaders pledged to deepen bilateral cooperation on several fronts including defence, energy and food security at a meeting Saturday, as Tokyo seeks to boost its influence in Southeast Asia.</p>


<p>The lawyer for TikTok and its Chinese parent company ByteDance offered a warning during Supreme Court arguments over a law that would compel the sale of the short-video app or ban it in the US: If Congress could do this to TikTok, it could come after other companies, too.</p>
