<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 13): RHB Retail Research said Widetech (M) Bhd is in a position to breach the immediate resistance after it bounced off the 21-day SMA line recently.</div>

<div class=newsTextDataWrapInner>In a trading stocks note today, the research house said if the stock manages to move beyond the RM4.22 immediate resistance level – printing a “higher high” structure – the positive momentum will propel the stock towards the recent high of RM5.00, before reaching the historical high of RM6.07.</div>

<div class=newsTextDataWrapInner>“On the other hand, falling below the RM3.78 support may see it moving southwards,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>&nbsp;</div>

KUALA LUMPUR (Aug 13): RHB Retail Research said Widetech (M) Bhd is in a position to breach the immediate resistance after it bounced off the 21-day SMA line recently.

In a trading stocks note today, the research house said if the stock manages to move beyond the RM4.22 immediate resist...

Widetech in position to breach immediate resistance, says RHB Retail Research

There’s a shiny new addition to Pakistan’s dusty agricultural heartland: rows upon rows of solar panels. 

Imports of solar equipment from China in the first nine months are well ahead of those for the whole of 2023, according to data compiled by BloombergNEF.

Surprise solar boom in Pakistan helps millions, but harms grid

Biomass boiler firm BM Greentech Bhd (KL:BMGREEN) reported a 55% jump in net profit for its second quarter ended Sept 30 (2QFY2025) to a record high of RM13 million from RM8.38 million a year earlier, driven by higher revenue.

BM Greentech books record quarterly profit and revenue in 2Q

Allianz Malaysia Bhd (KL:ALLIANZ), which provides both life and general insurance, saw its net profit dip 7.4% for the third quarter ended Sept 30, 2024 (3QFY2024), despite higher revenue, as certain expenses jumped while it recorded a drop in dividend income and lower fair value gains from investments.

Allianz Malaysia's 3Q profit dips 7.4% as expenses jump

There are limited upside risks to inflation in Malaysia for the rest of the year even as price pressures were a tad higher than expected in October, economists said.

The benchmark overnight policy rate (OPR) is also expected to remain unchanged in 2025, economists said as they wait and see the planned subsidy rationalisation while drawing comfort from a resilient economy.

Limited inflation pressure seen, economists shrug off October’s slight uptick

Sunway Bhd (KL:SUNWAY) became the best performing constituent member of the FBM KLCI index year to date after its share price breached the RM5 mark on Friday, ahead of its third-quarter (3Q) earnings announcement expected next week.

Sunway is best FBM KLCI constituent YTD after shares shoot past RM5

Bintulu Port Holdings Bhd (KL:BIPORT), the operator of East Malaysia’s largest container port, reported a 13.68% drop in its third quarter net profit, mainly due to a jump in operating costs due to an increase in expenditure incurred on service contracts, as well as for repair and maintenance.

Bintulu Port’s 3Q net profit down 13%, pays three sen dividend

The government successfully saved almost RM1 million in the flight cost for the official delegation led by Prime Minister Datuk Seri Anwar Ibrahim to five countries recently, said Communications Minister Fahmi Fadzil.

Fahmi: Govt saves nearly RM1 mil in Anwar's flight cost for visits to five countries

Top Glove Corp Bhd (KL:TOPGLOV) has entered into a joint venture (JV) with US glove importer Tronex (Asia) Ltd, and Polywel International Trade Co Ltd for the production and distribution of high-density polyethylene (HDPE) gloves.

Top Glove in JV for high density polyethylene glove biz

CSC Steel Holdings Bhd (KL:CSCSTEL) said on Friday its third quarter net profit fell 21% from a year earlier though the company is optimistic of rising prices and demand for steel ahead.

CSC Steel reports 21% fall in 3Q net profit; optimistic prices, demand will rise

Malaysia’s Anti-Corruption Commission (MACC) said on Friday it will continue to investigate the late Tun Daim Zainuddin, his wife and other family members.

MACC says will continue to investigate late Daim, wife, family members

AirAsia hopes to emulate Dubai’s success in connecting the world, but in a low-cost format from places like Bangkok and Kuala Lumpur as the discount carrier looks to move on from its tumultuous pandemic years.

AirAsia founder plots low-cost Dubai-like hub in Bangkok, KL

Affin Bank Bhd (KL:AFFIN) on Friday cut some of its key financial expectations for the full year even as net profit surged in the third quarter, as the company continues efforts to improve profitability.

Affin Bank cuts key expectations even as 3Q net profit surges

KUALA LUMPUR (Nov 22): Shares of DRB-Hicom Bhd (KL:DRBHCOM) fell on Friday to their lowest in more than four years, after the automotive-to-banking conglomerate reported weaker than expected quarterly results.

DRB-Hicom shares fall to over four-year low, analysts divided over outlook after 3Q

KUALA LUMPUR (Nov 22): Globetronics Technology Bhd (KL:GTRONIC) surged as top most-actively-traded stocks on Friday morning, after the company secured a RM145 million contract to provide integrated circuit (IC) product packaging, testing, and backend services to Taiwan-based ChipMOS Technologies Inc. &nbsp;

Globetronics shares surge on RM145m contract win with Taiwan’s ChipMOS

CapitaLand Investment Ltd, one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis.

CapitaLand warns of China losses as Singapore property investor cuts exposure

Now is an opportune time to accumulate Dayang Enterprise Holdings Bhd (KL:DAYANG) shares given its undemanding valuations, said CGS International.

Good opportunity to accumulate Dayang shares — CGS

GEORGE TOWN (Nov 22): Penang&nbsp;welcomed Hong Kong Express’ (HK Express) inaugural direct flight from Hong Kong on Friday, marking a milestone in the state’s tourism development.

Penang welcomes HK Express’ inaugural flight from Hong Kong

Gold looked set for its largest weekly gain in over 13 months on Friday as escalating geopolitical tensions drove investors to safe assets, while a tech rebound led Asian equities higher after worries over Nvidia's sales growth eased.

Gold surges over broader Ukraine war fears; tech stocks rebound

China’s richest man lashed out at two of the country’s biggest tech giants for fanning online vitriol targeting him earlier this year and instigating a price war that wiped out tens of billions of market value for his bottled-water empire.

China’s richest man berates PDD, ByteDance for months of misery

KUALA LUMPUR (Nov 22): Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.&nbsp;

Berjaya Land launches RM373m Oaka Residences in Bukit Jalil

KUALA LUMPUR (Nov 22): Hong Kong-based energy services firm Unity Group Holdings International Ltd said it is planning a secondary listing in Malaysia.

Hong Kong-based Unity Group pursues secondary listing on Bursa Malaysia

Inflation in Malaysia picked up slightly and was a tad faster than expected in October as prices of food and personal care products, including jewellery, rose, official data released on Friday showed.

Inflation in Malaysia picks up slightly in October, official data shows

TOKYO (Nov 22): Nissan&nbsp;Motor&nbsp;will cut or transfer about 1,000 jobs in Thailand, as it shrinks production in Southeast Asia, part of its recently announced global workforce reduction plan, two sources familiar with the matter told Reuters on Friday.

Nissan to cut or transfer about 1,000 jobs in Thailand — Reuters

KUALA LUMPUR (Nov 22): Master Builders Association Malaysia (MBAM) supports the Construction Industry Development Board (CIDB) Malaysia’s decision to retract its quality guidebook for homeowners, said MBAM president Oliver HC Wee.&nbsp;

MBAM supports CIDB’s decision to retract quality guidebook for homeowners

Offshore oil-and-gas services firm Bumi Armada Bhd (KL:ARMADA) said on Friday its third quarter net profit rose 19% from a year earlier as operating margins expanded with lower costs.

Bumi Armada's 3Q net profit rises 19%, no update on merger with MISC's offshore unit

US President-elect Donald Trump said on Thursday he would nominate former Florida attorney general and loyalist Pam Bondi to be US attorney general, moving swiftly to replace his former nominee Matt Gaetz after the embattled former congressman withdrew from consideration.

Trump picks Pam Bondi for US attorney general after Gaetz withdraws

Mah Sing Group Bhd's (KL:MAHSING) M Luna condominium development in Kepong has achieved a Qlassic score of 86%, the highest for an M Series project, according to a press statement on Friday.

Mah Sing's M Luna condo in Kepong achieves 86% Qlassic score

Malaysia's international reserves rebounded and added about US$400 million (RM1.79 billion) by the middle of November.

Malaysia's foreign exchange reserves rebounded to US$118b in mid-November, BNM data show

KUALA LUMPUR (Nov 22): Damansara REIT Managers Sdn Bhd, the manager of Al-`Aqar Healthcare REIT &nbsp;(KL:ALAQAR)&nbsp;and Al-Salam REIT&nbsp;(KL:ALSREIT), has appointed Zulhilmy Kamaruddin as its new chief executive officer (CEO) as of Thursday (Nov 21).

Damansara REIT Managers appoints Zulhilmy Kamaruddin as its new CEO

Analysts are projecting a stronger showing from Sunway Construction Group Berhad (KL: SUNCON) in 4Q2024, driven by significant job progress, especially data centre (DC)-led projects.