<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 15): RHB Retail Research said Omesti Bhd is showing early signs of developing a rebound after it experienced a sharp retracement over the past five weeks.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said an upside breach of 56 sen would likely signal an extension of a rebound with subsequent resistance points pegged at 60 sen and 62 sen.</p></div>

<div class=newsTextDataWrapInner><p>“This expectation would be invalidated if its share price dips to below 53.5 sen,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://www.theedgemarkets.com/article/omestis-indirect-51owned-subsidiary-gets-loa-worth-rm1444m-jpj" target="_blank">Omesti's indirect 51%-owned subsidiary gets LOA worth RM14.44m from JPJ</a></em></p></div>


RHB Retail Research said Omesti Bhd is showing early signs of developing a rebound after it experienced a sharp retracement over the past five weeks.

Omesti showing early signs of developing rebound, says RHB Retail Research

VIENNA (Jan 5): Austria's ruling conservatives picked secretary general Christian Stocker as interim successor to Chancellor Karl Nehammer, Austrian media reported on Sunday, after Nehammer quit as his attempts to form a coalition government without the far right fell apart.

Austrian conservatives pick interim leader after chancellor quits

WEST PALM BEACH, Florida/MILAN (Jan 5): Italian Prime Minister Giorgia Meloni made a surprise trip to Florida to meet with Donald Trump late on Saturday, as the key European leader sought to buttress ties with the president-elect before his inauguration on Jan 20.

Italy's Meloni boosts ties with Trump in surprise Florida visit

DOHA/DUBAI/CAIRO (Jan 5): Syria's new Islamist rulers said on Sunday that US sanctions on Syria were an obstacle to the war-torn country's rapid recovery, and urged Washington to lift them during a visit by Syrian officials to Qatar.

Syria's new Islamist rulers urge US to lift sanctions during visit to Doha

BANGI (Jan 5): Umno President Datuk Seri Dr Ahmad Zahid Hamidi has reminded party members not to participate in a rally scheduled to take place at the Palace of Justice in Putrajaya on Monday (Jan 6).

Zahid warns Umno members against joining Putrajaya rally

ATHENS (Jan 5): Former Greek prime minister Costas Simitis, who ushered the country into the European Union's (EU) single currency in 2001, died on Sunday, aged 88, at his summer house in the Peloponnese.

Former Greek prime minister Simitis passes away at age 88

PUTRAJAYA (Jan 5): The Royal Malaysia Police (PDRM) has advised the public not to participate in a rally scheduled to take place at the Palace of Justice here on Monday (Jan 6), as it has not received permission from the owner of the venue.

Police warns public against participating in unauthorised Palace of Justice rally

TAIPEI (Jan 5): Taiwan's Foxconn, the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter, on continued strong demand for artificial intelligence (AI) servers.

Foxconn beats estimates with record fourth-quarter revenue on AI demand

MOSCOW (Jan 5): Russian airports in the cities of Kazan, Nizhnekamsk, Izhevsk and Perm, which temporarily halted flights on Sunday morning to ensure the safety of civilian aircraft, have resumed normal operations, the aviation watchdog Rosaviatsia said.

Four Russian airports reopen after suspending flights, aviation watchdog says

SEOUL (Jan 5): The chief of security for South Korean President Yoon Suk Yeol said on Sunday that he could not cooperate with efforts to arrest the impeached leader, in remarks that could push the political crisis towards another high-stakes confrontation.

South Korea's presidential security chief defies Yoon's arrest bid as deadline looms

CAIRO/GAZA (Jan 5): Israeli military strikes in the Gaza Strip have killed at least 70 people over the last day, Palestinian medics said on Saturday, as mediators launched a new ceasefire push to end the 15-month-old war.

Israeli strikes kill dozens in Gaza Strip as new ceasefire talks begin

<p>KUALA LUMPUR (Jan 5): Malaysian cafe owners who import coffee beans and sell speciality coffees are now faced with the challenge of rethinking their pricing strategies, as coffee bean prices hit record highs.&nbsp;</p>


Malaysian cafe owners to rethink pricing strategies as coffee bean prices reach record highs

<p>TOKYO (Jan 5): The global chip market is projected to grow 11.2% to a record US$697.18 billion (RM3.13 trillion) in 2025, boosted by robust demand for semiconductors for use in artificial intelligence (AI)-powered smartphones and data centres, according to an industry organisation forecast.</p>


Global chip demand expected to grow 11.2% to record US$697b in 2025 — World Semiconductor Trade Statistics

<p>KUALA LUMPUR (Jan 5): The Palestinian ambassador to Malaysia, Walid Abu Ali, expressed deep regret over the recent commotion at Wisma Transit Kuala Lumpur (WTKL), stressing that such actions do not align with Palestinian culture or ethics.</p>


Palestinian embassy working with authorities to resolve Wisma Transit incident, says envoy

<p>PUTRAJAYA (Jan 5): Singapore Prime Minister Lawrence Wong will undertake an official visit to Malaysia from Monday to Tuesday (Jan 6 to 7), in conjunction with the 11th Malaysia-Singapore Leaders’ Retreat on Tuesday.</p>


Singapore PM Lawrence Wong to visit Malaysia for leaders’ retreat

<p>PUTRAJAYA (Jan 5): The Royal Malaysia Police (PDRM) has advised the public not to participate in a rally scheduled to take place at the Palace of Justice here on Monday (Jan 6), as it has not received permission from the owner of the venue.</p>


<p>SEOUL (Jan 5): The chief of security for South Korean President Yoon Suk Yeol said on Sunday that he could not cooperate with efforts to arrest the impeached leader, in remarks that could push the political crisis towards another high-stakes confrontation.</p>


<p>BANGI (Jan 5): Umno President Datuk Seri Dr Ahmad Zahid Hamidi has reminded party members not to participate in a rally scheduled to take place at the Palace of Justice in Putrajaya on Monday (Jan 6).</p>


<p>TAIPEI (Jan 5): Taiwan's Foxconn, the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter, on continued strong demand for artificial intelligence (AI) servers.</p>


<p>(Jan 5):&nbsp;Congestion pricing has finally arrived in New York City, though its long-term future still remains uncertain.</p>


NYC congestion pricing takes effect after years of delays

<p>(Jan 5): Merck &amp; Co, Inc’s Covid-19 antivirals are getting a new lease of life in post-pandemic China, as cat owners seize on them as antidotes to a life-threatening disease caused by a coronavirus that infects their feline companions.</p>


Chinese cat owners feed Covid pills to pets to beat virus

<p>(Jan 4): Swiss bank UBS is working with an independent ombudsman to shed light on Nazi-linked accounts, it said on Saturday, after the <em>Wall Street Journal </em>newspaper reported that some accounts at collapsed bank Credit Suisse, which UBS bought in 2023, had not been disclosed in earlier investigations.</p>


UBS investigates undisclosed Nazi-linked accounts at Credit Suisse

<p>WEST PALM BEACH, Florida/MILAN (Jan 5): Italian Prime Minister Giorgia Meloni made a surprise trip to Florida to meet with Donald Trump late on Saturday, as the key European leader sought to buttress ties with the president-elect before his inauguration on Jan&nbsp;20.</p>


<p>MUMBAI (Jan 4): India's HDFC Bank saw quarter-on-quarter deposit growth outpace loan growth in the three months to Dec 31, 2024, the country's biggest private lender said on Saturday.</p>


Indian private lender HDFC Bank says 3Q deposit growth outpaces loan growth

<p>The United Kingdom’s Labour government has given serious thought to the public investment needed to get the economy back on track after 14 years of austerity, neglect of social infrastructure, and capital flight triggered by Brexit and uncertain economic conditions. It understands that the situation demands a new strategy to tackle big problems like child poverty, health inequities, a weak industrial base, and struggling public infrastructure.</p>


The Visible Hand: Good Growth Requires Getting Public-Private Partnerships Right 

<p>CAIRO/GAZA (Jan 5): Israeli military strikes in the Gaza Strip have killed at least 70 people over the last day, Palestinian medics said on Saturday, as mediators launched a new ceasefire push to end the 15-month-old war.</p>


<p>MOSCOW (Jan 5): Russian airports in the cities of Kazan, Nizhnekamsk, Izhevsk and Perm, which temporarily halted flights on Sunday morning to ensure the safety of civilian aircraft, have resumed normal operations, the aviation watchdog Rosaviatsia said.</p>


<p>ATHENS (Jan 5): Former Greek prime minister Costas Simitis, who ushered the country into the European Union's (EU) single currency in 2001, died on Sunday, aged 88, at his summer house in the Peloponnese.</p>


<p>DOHA/DUBAI/CAIRO (Jan 5): Syria's new Islamist rulers said on Sunday that US sanctions on Syria were an obstacle to the war-torn country's rapid recovery, and urged Washington to lift them during a visit by Syrian officials to Qatar.</p>
