<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on March 13, 2020 - March 19, 2020</span></p></div><div class=newsTextDataWrapInner><p><strong>Kossan Rubber Industries Bhd (-ve)</strong><br />
TRADING of shares in Kossan Rubber Industries Bhd (fundamental: 1.7/3, valuation: 0.7/3) triggered our momentum algorithm for the second time this month and the third time this year.</p></div>

<div class=newsTextDataWrapInner><p>The stock closed 3.52% or 18 sen higher at RM5.30 yesterday, giving the group a market capitalisation of RM6.78 billion. The counter saw 10.17 million shares traded, exceeding its 200-day average trading volume of 1.68 million shares by over six times.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Kossan, like other rubber glove manufacturers, advanced as investors reacted to news of Covid-19 being classified as a pandemic by the World Health Organization.</p></div>

<div class=newsTextDataWrapInner><p>Rubber glove manufacturers were one of the few bright spots on the local bourse yesterday. The healthcare index, whose component stocks include rubber glove manufacturers, was the only Bursa Malaysia index to have risen.</p></div>


Kossan Rubber Industries Bhd (-ve)
TRADING of shares in Kossan Rubber Industries Bhd (fundamental: 1.7/3, valuation: 0.7/3) triggered our momentum algorithm for the second time this month and the third time this year.

The stock closed 3.52% or 18 sen higher at RM...

Stock With Momentum: Kossan Rubber Industries

China will extend visa-free entry to citizens from nine additional countries, including South Korea, Norway and Finland, the foreign ministry said on Friday.

China expands visa-free policy to nine more countries including South Korea

For many Ukrainians, the outcome of the US election next week and its impact on the war with Russia feels less likely to be pivotal than it once did.

Even with the Democrats' unprecedented military and financial aid, battlefield losses have accelerated in the east and Ukraine has grown impatient with President Joe Biden's reluctance to let it unleash Western weapons on targets deep inside Russia.

In Ukraine, hopes of war breakthrough slim whoever wins US election

False claims about voter fraud in Pennsylvania have raised concerns that Republican presidential candidate Donald Trump may once again seek to overturn the vote there or in other battleground states likely to determine the winner next Tuesday.

Opinion polls, both nationally and in the seven closely divided states, show Trump locked in a tight race with Democratic Vice President Kamala Harris with four days to go before Election Day.

Trump's fraud claims revive fears he may again seek to overturn election results

Wall Street's main indexes jumped on Friday, recovering some losses from the previous session, as Amazon's strong earnings countered Apple's weaker China sales and investors assessed a significant drop in US jobs growth in October.

Wall St rebounds as Amazon gains offset weak jobs growth, Apple sales

Federal Reserve policymakers look all but certain to reduce short-term borrowing costs by a modest quarter of a percentage point at their policy meeting next week, their confidence that the labour market is cooling but not crashing likely intact despite new data showing US employers added fewer workers in October than in any month since December 2020.

Fed seen on track for 25-basis-point rate cuts next week and in December

Plantation company Malpac Holdings Bhd (KL:MALPAC) has declared an interim dividend of 10 sen per share for the financial year ending June 30, 2025 (FY2025). The dividend payout will be paid on Dec 18 this year, the Main Market-listed said in a filing on Friday.

Malpac resumes dividend payout at 10 sen for FY2025 after six-year absence as FY2024 profit hits decade-high

KUALA LUMPUR (Nov 1): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Gamuda Bhd (KL:GAMUDA) has secured a RM451.4 million contract to build a data centre in Cyberjaya. The contract will cover the data centre’s ...

Gamuda, Parkwood, YNH Property, Rexit, Techna-X, RGT, Bumi Armada, Kimlun, Pintaras Jaya and MMAG

EVENING 5: Five things you need to know today

EVENING 5: U Mobile chosen to lead Malaysia’s 5G network

(Nov 1): Just days ahead of the Nov 5 presidential election in the US, investors are trying to gauge how stock markets will react as polls and betting platforms point to a tight race between Vice President Kamala Harris and former President Donald Trump.

Harris' lead over the Republican...

Harris vs Trump: Stocks to watch as White House race enters final stretch

<p>Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) have come out separately to defend their investments in FashionValet (FV) that resulted in losses for the two government-linked institutions.</p>


Investment in FashionValet was to support 'high potential Bumiputera company', say PNB and Khazanah

<p>U Mobile Sdn Bhd has been selected to implement Malaysia's second 5G network, the Malaysian Communications and Multimedia Commission announced on Friday.</p>


U Mobile to lead Malaysia's 5G network, says MCMC

<p>The executive chairman of Globetronics Technology Bhd (KL:GTRONIC), Kent Liaw Way Gian, has resigned from the board of APB Resources Bhd (KL:APB), whose shares tanked shortly after Globetronics experienced heavy sell-down in September following the resignation of its external auditor.</p>


Globetronics chairman Kent Liaw quits APB Resources' board

<p>(Nov 1):&nbsp;Bank Negara Malaysia (BNM) said it will be ready to smoothen any excessive volatility in the ringgit, and that markets should look beyond “short-term currency dynamics”.</p>


Ringgit’s weakness won’t last, says BNM

<p>KUALA LUMPUR (Nov 1): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:</p>

<p><strong>Gamuda Bhd</strong> (KL:GAMUDA) has secured a RM451.4 million contract to build a data centre in Cyberjaya. The contract will cover the data centre’s ...

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<p>Four policemen have been detained to assist in the investigation of a case of stolen jewellery belonging to a woman who was found dead in her car in the parking lot of a condominium in Setapak on Oct 1.</p>


Four cops remanded over theft of jewellery from dead woman

<p>It is safe now for residents of nine houses in Taman Wawasan here, which were affected by the landslide that occurred on Dec 16 last year, to return to their homes.</p>

<p>The announcement came from chairman of the Petaling District Disaster Management Committee, Huzunul Khaidil Mohammed after an official visit with various related agencies was held on Oct 28.</p>


Taman Wawasan landslide: Area declared safe to live in from Nov 1

<p>Unique Fire Holdings Bhd (KL:UNIQUE), which was listed on the ACE Market in August 2022, on Friday proposed to transfer its listing to the Main Market of Bursa Malaysia, saying it has met the profit requirements for the transfer.</p>


ACE Market listee Unique Fire seeks Main Market transfer

<p>SINGAPORE (Nov 1): State-owned investment firm Temasek Holdings Pte Ltd has disposed of 1,332,100 shares in SATS Ltd to the open market.</p>


Temasek sells 1.3 mil shares in SATS for S$5.32m

<p>US job growth almost stalled in October as strikes in the aerospace industry depressed manufacturing employment while hurricanes impacted the response rate for the payrolls survey, making it hard to get a clear picture of the labour market ahead of next week's presidential election.</p>


Strikes, hurricanes deal US labour market a likely temporary blow

<p>Growth for countries in Asean is forecast to be at a robust 4.6% this year and 4.7% in 2025, largely supported by strong domestic demand and exports, the International Monetary Fund (IMF) said on Friday.</p>

<p>In its 'Outlook for Asia and the Pacific: Resilient Growth but Higher Risks' report, it said Indonesia, the Philippines, and Vietnam are all projected to grow robustly (5% and above for the two years), while activity in Thailand remains more subdued (2.8% growth in 2024 and 3% growth in 2025).</p>


IMF sees robust 4.6% growth for Asean in 2024, revises upward Malaysia's GDP growth forecast

<p>Plantation company Malpac Holdings Bhd (KL:MALPAC) has declared an interim dividend of 10 sen per share for the financial year ending June 30, 2025 (FY2025). The dividend payout will be paid on Dec 18 this year, the Main Market-listed said in a filing on Friday.</p>


<p>Eastern Pacific Industrial Corp Bhd (EPIC), a Terengganu government-linked company and a member of Terengganu Inc Sdn Bhd, has signed a letter of intent (LOI) with Brunei-based Qaswa Holdings Sdn Bhd to form a partnership for the Brunei Darussalam Maritime Cluster, particularly involving its integrated marine maintenance and decommissioning facility.</p>


Terengganu-backed EPIC partners Brunei’s Adinin unit for marine maintenance project

<p>(Nov 1): Just days ahead of the Nov 5 presidential election in the US, investors are trying to gauge how stock markets will react as polls and betting platforms point to a tight race between Vice President Kamala Harris and former President Donald Trump.</p>

<p>Harris' lead over the Republican...

<p>KUALA LUMPUR (Nov 1): ACE Market-listed DS Sigma Holdings Bhd (KL:DSS) announced on Friday that the company will be transferring to the Main Market of Bursa Malaysia, effective next Wednesday (Nov 6).</p>


DS Sigma to migrate to Bursa’s Main Market on Nov 6, 2024

<p>Boeing rose 2% in early trading on Friday after the US planemaker bumped up its wage hike offer to about 33,000 striking workers, its latest effort to end a damaging strike after two earlier attempts were rebuffed by employees.</p>


Boeing shares rise as planemaker makes new wage offer to end strike

<p>Piling and foundation specialist Pintaras Jaya Bhd (KL:PTARAS) has secured two piling contracts in Singapore worth about RM175 million.</p>


Pintaras Jaya secures RM175m piling contracts in Singapore

<p>MMAG Holdings Bhd (KL:MMAG) announced on Friday that its aviation arm MMAG Aviation Consortium Sdn Bhd (MAC) has received regulatory approval to operate a leasing business in Labuan.</p>


MMAG’s aviation arm gets nod for aircraft leasing business in Labuan

<p>Wall Street's main indexes jumped on Friday, recovering some losses from the previous session, as Amazon's strong earnings countered Apple's weaker China sales and investors assessed a significant drop in US jobs growth in October.</p>
