<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 26): RHB Retail Research said Mi Equipment Holdings Bhd may rebound further after it tested the RM2.07 support in latest session.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said as the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign.</p></div>

<div class=newsTextDataWrapInner><p>“A bullish bias may appear above the RM2.30 level, with an exit set below the RM2.07 threshold.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Towards the upside, the near-term resistance is at RM2.68. This is followed by the RM2.88 level,” it said.</p></div>


KUALA LUMPUR (Oct 26): RHB Retail Research said Mi Equipment Holdings Bhd may rebound further after it tested the RM2.07 support in latest session.

In a trading stocks note today, the research house said as the stock marked a higher close vis-à-vis the previous session, this indicates a...

Mi Equipment may rebound further, says RHB Retail Research

Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday

YTL Corp, YTL Power, MRCB, Westports, IGB REIT, IGB Commercial REIT, Axis REIT, KIP REIT, Destini, Citaglobal, T7 Global, Oriental Kopi, Econframe, Unitrade 

Denmark’s defence minister wants to raise the Nordic country’s total military spending to more than 500 billion kroner (US$70 billion) through 2033 as it seeks to ramp up investment in security in the Arctic region.

Denmark wants to spend more on Greenland defence amid Trump spat

Friedrich Merz, the conservative front-runner in the race to be Germany’s next chancellor, warned domestic companies against making bigger investments in China.

“The decision to invest in China is a decision with great risk,” Merz said at a foreign policy event in Berlin on Thursday. “If you take this risk, do it in such a way that it doesn’t endanger the entire company group if you have to write off this investment from one year to the next.”

German frontrunner Merz warns companies against China investment

The world’s top beef exporter Brazil is in advanced talks to begin shipments to Japan, according to a major industry group, in a move that may hurt US sales to the Asian nation.
  
Brazil has provided Japan with information about its production system and shipments for two decades, and now the industry is optimistic that the world’s third-biggest importer of the meat will finally open up its market, according to Roberto Perosa, who formerly served in the country’s agriculture ministry and is the current president of the Brazilian Association of Beef Exporters.

Brazil in talks for beef shipments to Japan in threat to US

Furniture maker Rhong Khen International Bhd (KL:RKI) is selling its Vietnamese indirect subsidiary RT Industries Company Ltd (RTI) to Singapore-based Maideli Pte Ltd for US$7.12 million (RM31.66 million) in cash.

The sale is expected to yield a gain of up to RM15.5 million for Rhong Khen. This move is part of the group’s strategy to streamline operations, reduce costs amid challenging market conditions, and strengthen its liquidity position.

Furniture maker Rhong Khen to rake in RM16 mil gain from Vietnam indirect unit sale 

Pent-up demand for mergers and acquisitions, particularly among private equity firms, is poised to spur a surge in deal activity, Morgan Stanley Chief Executive Officer Ted Pick said.

“Part of the dilemma is that the vernacular of whether we’re really moving with animal spirits is whether we see a bunch of M&A prints,” Pick said Thursday in an interview with Bloomberg Television at the World Economic Forum in Davos, Switzerland.

Morgan Stanley CEO Pick sees comeback in M&A activity on horizon

US main stock indices were set for a subdued start on Thursday, as investors paused after Wall Street's strong performance in the previous session and focused on corporate earnings, economic data and President Donald Trump's remarks - all lined up through the day.

At 8.52am ET, Dow E-minis 1YMcv1 were up 45 points, or 0.1%, S&P 500 E-minis EScv1 were down 5.25 points, or 0.09% and Nasdaq 100 E-minis NQcv1 were down 97.5 points, or 0.44%.

Wall St subdued at open after previous session's jump; earnings in focus

A tech-powered approach to bond trading that helps firms move hundreds of securities in one go has just posted its best year yet.

Wall Street’s tech-powered bond trades hit record US$1 trillion

EVENING 5: Five things you need to know today

EVENING 5: MRCB to jointly undertake RM6.25 bil GDV Ipoh Sentral

<p>YTL Corp Bhd (KL:YTL) and YTL Power International Bhd (KL:YTLPOWR) have each proposed a bonus issue of free warrants, on the basis of one free warrant for every five shares held in the respective companies. The warrants are planned to be exercised at a discount to the share prices of each company —&nbsp;at 37% discount for YTL Corp, and a 39.5% discount for YTL Power based on their closing prices on Thursday&nbsp;— bourse filings showed.</p>


YTL Corp, YTL Power plan free warrants; exercise prices at discount to market prices

<p>Café chain operator Oriental Kopi Holdings Bhd (KL:KOPI), which debuted on the ACE Market of Bursa Malaysia on Thursday, said the company is scaling up its product offerings in the fast-moving consumer goods (FMCG) segment, targeting the launch of over 20 products by year end.</p>


Oriental Kopi aims to launch over 20 fast-moving consumer goods by year end

<p>Sime Darby Property Bhd (KL:SIMEPROP) has signed five anchor tenants for its upcoming KLGCC Mall, marking a significant milestone in the company's retail expansion strategy.</p>

<p>The tenants include Jaya Grocer, Serai Group’s flagship concept, ACE Hardware, Asia Ballet Academy, and the first HarborLand kids playland in Malaysia.</p>


Sime Darby Property secures five anchor tenants for KLGCC Mall

<p>BYD Co has beaten out Toyota Motor Corp to take the title of most popular car brand in Singapore for the first time.</p>


BYD outsells Toyota to becomes Singapore’s most popular car

<p>KUALA LUMPUR (Jan 23): KIP Real Estate Investment Trust (KL:KIPREIT) unitholders have approved the acquisition of four industrial properties associated to its largest shareholder Datuk Eddie Ong Choo Meng, for a total purchase price of RM98.3 million.</p>


KIP REIT unitholders approve RM98m industrial properties buy from Eddie Ong

<p>The share price of Gadang Holdings Bhd (KL:GADANG) may rally on the back of strong earnings growth, following a better-than-expected quarter, TA Securities said.</p>


Gadang shares may rally on strong earnings growth, says TA Securities in upgrade to 'buy'

<p>Kepala Batas Member of Parliament Dr Siti Mastura Muhammad has settled the payment of RM830,034.75 in damages and legal costs (including interest) to three DAP stalwarts.</p>


PAS MP Siti Mastura settles payment of RM830k to Kit Siang, Guan Eng and Teresa Kok pending defamation appeal

<p>The Securities Commission Malaysia (SC) has issued a statement to give the assurance that&nbsp;it is closely monitoring recent takeover activities in the Malaysian market&nbsp;to ensure compliance with relevant regulations, and to safeguard the integrity of the capital market, citing recent interest in such matters.</p>


SC says it is keeping close watch on takeovers amid public interest in MAHB deal

<p>KUALA LUMPUR (Jan 23): KIP Real Estate Investment Trust (KL:KIPREIT) said it remains in acquisition mode, aiming to expand its portfolio with more retail and industrial properties.</p>


KIP REIT remains in acquisition mode, says CEO

<p>Binastra Corporation Bhd (KL:BNASTRA) may introduce a dividend payout earlier than expected in FY2025, according to Phillip Capital.</p>


Binastra could issue dividend as early as FY2025 — Phillip Capital

<p>Malaysian Resources Corp Bhd (KL:MRCB) is partnering Ipoh Sentral Sdn Bhd (ISSB) to jointly develop the Ipoh Sentral project, with an estimated gross development value of RM6.25 billion.</p>


MRCB to jointly undertake RM6.25b GDV Ipoh Sentral development project

<p>Prime Minister Datuk Seri Anwar Ibrahim said the government is working on a more targeted approach for the provision of toll exemptions during festive seasons.</p>


Govt working on targeted toll exemptions for festive seasons, to benefit only B40, M40 — PM

<p>KUALA LUMPUR (Jan 23): Westports Holdings Bhd (KL:WSPRTS) reported a record-high net profit of RM256.7 million for the fourth quarter ended Dec 31, 2024 (4QFY2024), a 25% increase from RM206.1 million a year ago, driven by higher container revenue.</p>


Westports books record revenue and profit for FY2024, declares 10.86 sen dividend

<p>Former prime minister Datuk Seri Najib Razak on Thursday sought to portray a contrast between his leadership style with the 'work-in-silo' culture in 1Malaysia Development Bhd (1MDB).</p>


1MDB-Tanore trial: Work-in-silo not my leadership style, says Najib

<p>Singapore has charged Wang Junjie, the former director of a local corporate service provider linked to individuals caught up in the city-state’s record S$3 billion (US$2.2 billion or RM9.7 billion) money-laundering case.</p>


Singapore charges former director in record laundering case

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<p>Digital investment platform StashAway will be offering Bitcoin and Ethereum exchange traded funds (ETFs) on its platform, enabling Malaysians to invest in the two largest cryptocurrencies through a regulated and trusted platform.</p>


StashAway brings Bitcoin and Ethereum ETFs to its platform

<p>Constitutionalism and the independence of the judiciary took centre stage in the speech of The Right Honourable the Chief Justice of Malaysia, Tun Tengku Maimun Tuan Mat, at the opening of the legal year on Jan 8, 2025.</p>


The Chief Justice’s speech: A timely reminder to all Malaysians

<p>US President Donald Trump downplayed the national security risk posed by TikTok in an interview with <em>Fox News </em>on Wednesday, days after offering the social video app a reprieve from legislation that would have forced it to shut down.</p>


Trump downplays threat of China using TikTok to spy on Americans

<p>The Ipoh Sentral project, a transit-oriented development (TOD) covering an area of 27.11 hectares, is set to commence in six months, with the first phase focusing on landscaping, enhancements, and preservation of heritage and cultural elements.</p>
