<div class=newsTextDataWrapInner>KUALA LUMPUR (May 12): RHB Retail Research said Rubberex Corporation Bhd is poised to rebound from its recent pullback as it bounced off above the 21-day average line after attempting to climb above Tuesday’s 73 sen high on Wednesday.</div>

<div class=newsTextDataWrapInner>In a trading stocks note on Thursday (May 12), the research house said if the stock manages to close above that mark, the stock is set to reclaim the recent high at 78 sen, followed by the 84.5 sen next resistance.</div>

<div class=newsTextDataWrapInner>“Meanwhile, a drop below the 70 sen support may reverse the momentum southwards as it forms a 'lower low'&nbsp;bearish structure below the average line,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

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KUALA LUMPUR (May 12): RHB Retail Research said Rubberex Corporation Bhd is poised to rebound from its recent pullback as it bounced off above the 21-day average line after attempting to climb above Tuesday’s 73 sen high on Wednesday.

In a trading stocks note on Thursday (May 12), the r...

Rubberex poised to rebound from recent pullback, says RHB Retail Research

A Singapore businessman who convinced investors to put a total of S$1.5 billion (US$1.1 billion or RM4.96 billion) into a nickel trading scheme channeled a third of that into his own accounts, prosecutors said at the start of his trial.

Singapore prosecutors say trader took US$360 mil in metal scam

If you are a business owner looking to scale up your operations, Gamuda Land’s “Business Get Set, Go” may just be tailor-made for you. The initiative aims to help entrepreneurs establish and expand operations across the company’s thriving townships.

Gamuda Land empowers local businesses with RM1.8 mil in grants, cultivating strategic partnerships for sustainable growth

The Court of Appeal (COA) on Wednesday overturned a High Court decision two years ago that granted leave (permission) to former Petaling Jaya Member of Parliament Maria Chin Abdullah to challenge a show-cause issued by the Federal Territory Shariah High Court against her for contempt of court.

Appellate court overturns High Court's decision allowing Maria Chin to challenge contempt at Shariah Court

theedgemalaysia.com highlighted one stock with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday.

Stocks with momentum on Nov 27, 2024: PLB Engineering, Silver Ridge and Iconic Worldwide

KUALA LUMPUR (Nov 27): IJM Land Bhd, through its subsidiary RMS (England) Ltd, held a groundbreaking ceremony  for the second phase of Royal Mint Gardens in London on Tuesday (Nov 26). The second phase comprises a 15-storey aparthotel and a condominium with 79 residential units.

IJM Land breaks ground for Royal Mint Gardens phase two in London

The High Court has granted further extension of time for SRC International Sdn Bhd and Umno to negotiate a settlement of the RM19.5 million civil suit SRC brought against the political party, but warned that this is the last extension it would allow.

Umno and SRC get last and final extension to settle RM19.5m civil suit

MALAYSIA is set to escalate its “war on sugar” by raising the amount of taxes on sugary beverages next year by 40 sen, to 90 sen per litre.

Beverage companies are not overly anxious about the higher tax amount, as many say they have reformulated their products to sugar levels that are b...

Hike on sugary drinks tax does not erode beverage counters’ outlook 

AMMB Holdings Bhd (KL:AMBANK), the country’s sixth-largest bank by assets, sharply raised its dividend payout after reporting a 7% rise in second-quarter net profit from a year earlier on interest income growth.

AMMB lifts dividend payout sharply as 2Q net profit rises 7%

WELLINGTON (Nov 27): New Zealand's central bank cut rates for a third time in four months on Wednesday and flagged more substantial easing, including a likely half percentage point reduction in February, as inflation moderated to around the bank's target.

New Zealand cuts rates by 50bps, flags further easing

The Malaysian government has reminded all local firms to ensure they are fully aware of the destinations of their exported goods, as the US has ramped up sanctions on entities and individuals globally with links to Russia.

Tok Mat reminds local firms to be aware of export destinations as US ramps up sanctions against Russia

The High Court has granted former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).

DNAA granted to Najib, Irwan in IPIC trial; charges dropped, for now 

Analysts have raised their earnings forecasts, with at least one upgrading its call on the country's largest lender by assets, Malayan Banking Bhd (KL: Maybank), after its third-quarter results met expectations.

Analysts raise forecasts, recommend buying Maybank on price weakness after 3Q results

Vietnamese prosecutors have told property tycoon Truong My Lan she must repay an estimated US$11 billion (RM49 billion) if she wants to avoid execution by lethal injection.

Vietnamese mogul told to refund missing billions to save her life

Air fragrance maker Vanzo Holdings Bhd has launched the prospectus for its ACE Market initial public offering (IPO) that may raise up to RM21 million to expand retail presence and marketing activities.

Air fragrance maker Vanzo unveils IPO prospectus to raise up to RM21 mil, shares priced at 15 sen apiece

Even as birth rates fell further in South Korea and Singapore, where less than one baby is born to every woman of reproductive age, Malaysia’s total fertility rate (TFR) surprisingly inched higher to 1.7 in 2023 from a record low of 1.6 in 2022.

Demographic squeeze : Declining birth rates and the rising burden of eldercare

Retail investors are cashing out from China’s exchange-traded funds, risking further market volatility if Beijing fails to boost sentiment, according to analysts.&nbsp;

ETFs have seen net outflows since late October, according to an&nbsp;analysis&nbsp;by Haitong Securities.

China’s stock rally faces risk as retail enthusiasm seen cooling

Shares of BP Plastics Holding Bhd (KL:BPPLAS) slipped on Wednesday to their lowest in more than nine months after the stretch films manufacturer reported weaker-than-expected third-quarter results.

BP Plastics shares slip to nine-month low as 3Q results disappoint

AMMB Holdings Bhd (KL:AMBANK), the country’s sixth-largest bank by assets, sharply raised its dividend payout after reporting a 7% rise in second-quarter net profit from a year earlier on&nbsp;interest income growth.&nbsp;

Stocks closed at all-time highs as investors looked past Donald Trump’s tariff plan, with geopolitical risks abating after Israel and Hezbollah reached a ceasefire agreement.

US stocks hit record high on Israel ceasefire deal

Japanese chip distributor Macnica Holdings Inc is seeking possible acquisition targets in other parts of Asia, a sign of industry pressures to consolidate.

Macnica, which sells chips made by the likes of Intel Corp’s Altera, is eyeing an overseas acquisition to better hold its own against bigger competitors.

Japan’s top chip distributor eyes acquisitions in China, India

Asian stocks were heavy on Wednesday as investors fretted over what countries could be targeted for tariffs under incoming US President Donald Trump, a day after he pledged new levies on Canada, Mexico and China.

Asian stocks weak amid Trump tariff worries; yen firm

CCK Consolidated Holdings Bhd (KL:CCK) may deliver stronger earnings ahead, analysts said as they upgraded their recommendations while investors cheered the poultry firm’s third-quarter results.

CCK to see stronger earnings ahead as analysts upgrade ratings, investors cheer 3Q results

Federal Reserve (Fed) officials appeared divided at their meeting earlier this month over how much farther they may need to cut interest rates, but as a group agreed to avoid giving much guidance from here on about how US monetary policy is likely to evolve.

Fed cites volatility, uncertainty as reasons to go slow on rate cuts

The Malaysian government has reminded all local firms to ensure they are fully aware of the destinations of their exported goods, as the US has ramped up sanctions on entities and individuals globally with links to Russia.

The dollar advanced after President-elect Donald Trump vowed additional tariffs on Mexico, Canada and China, upending recent macro bets on more measured economic plans from the next US administration.

Dollar buoyed as currency traders heed Trump’s tariff threats

KUALA LUMPUR (Nov 27): The government’s efforts to encourage local industry players to boost efforts to produce electric cars will be among topics discussed at Wednesday’s Dewan Rakyat sitting.

EV production efforts, GISB issue among focus of Wednesday’s Dewan Rakyat sitting

Chicago Mayor Brandon Johnson has five weeks to pass a budget that fills the city’s nearly US$1 billion (RM4.45 billion) deficit. Time is short, and so is the money.

Chicago mayor struggles to find revenue for debt-ridden city

The Court of Appeal (COA) on Wednesday overturned a High Court decision two years ago that granted leave (permission) to former Petaling Jaya Member of Parliament Maria Chin Abdullah to challenge a show-cause issued by the Federal Territory Shariah High Court against her for contempt of court.

KUALA LUMPUR (Nov 27): Petronas Gas Bhd (KL:PETGAS) said on Wednesday that its net profit rose 5.4% in the third quarter from a year earlier, as higher offtake and reservation charges lifted revenue, and boosted by currency gains.

Petronas Gas’ 3Q net profit edges up 5.4%, declares 18 sen dividend

Hong Kong Metropolitan University (HKMU)&nbsp;has signed an agreement to buy a distressed commercial property in the city that China Mobile Hong Kong had sought to purchase, according to people familiar with the matter.