The early-week rally in share prices of three companies linked to Datuk Ng Meng Kee proved to be a dead cat bounce at Thursday's close as the counters sank even lower than last week's rout.

Mega Fortris, GIIB, Ni Hsin recoveries wiped out as shares sink even lower than last week's rout 

CGS International called on Sunway Construction Group Bhd (KL:SUNCON) to diversify away from data centre (DC) projects as return on average equity declines.

Sunway Construction should diversify away from data centres, says CGS International

KUALA LUMPUR (Nov 5): Sunway Real Estate Investment Trust (KL:SUNREIT) is expected to see stronger earnings for its third quarter ended Sept 30, 2026 (3QFY2026) based on past data and earnings in the hotel sector, said HLIB Research.

Sunway REIT to see stronger 3Q driven by hotel segment — HLIB Research

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

Stocks with momentum on Nov 5, 2026: Aizo, Yinson, TRC Synergy

Mega Fortris Bhd (KL:MEGAFB) shares continued to slide on Wednesday, hitting an intraday low of RM2.07 and erasing significant gains from its two-day rebound earlier this week.

Mega Fortris continues slide after two-day rebound, GIIB and Ni Hsin extend losses

Sunway Group made its debut at 26th on Fortune’s 100 Best Companies to Work For in Southeast Asia 2026 list, becoming the only Malaysian-headquartered company to make the list.

Sunway Group debuts at 26th on Fortune’s Best Companies to Work for in Southeast Asia 2026 list

theedgemalaysia.com highlighted four stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday.

Stocks with momentum on Nov 4, 2026: Tong Herr Resources, Southern Steel, Citaglobal, AWC

If Bank Negara Malaysia (BNM) implements a surprise overnight policy rate (OPR) hike on Thursday, banks with higher domestic loans and floating-rate loans would be the primary beneficiaries while leaving other banks behind, according to an analyst from BIMB Securities Sdn Bhd.

Alliance Bank and AMMB to benefit most if OPR hiked unexpectedly — BIMB

Sime Darby Property Bhd (KL:SIMEPROP) is laying the groundwork for its future growth, as it explores two primary avenues for expansion, including a potential real estate investment trust (REIT) listing by 2028, according to Maybank Investment Bank.

Sime Darby Property mulls REIT listing by 2028, to bank on heavy industrial parks, says Maybank IB

Malakoff Corporation Bhd (KL:MALAKOF) resumed operations of a 429MW gas-powered electricity generation plant in Lumut, Perak, on Oct 7, three months ahead of a Jan 1 deadline.

Malakoff restarts 429MW Lumut gas power plant 3 months ahead of schedule

The Malaysian Indian Community Transformation Unit (Mitra) has allocated RM755,390 to 21 Sekolah Jenis Kebangsaan Tamil (SJKT) in Melaka this year to enhance teaching and learning facilities.

Mitra allocates over RM700,000 to 21 Tamil schools in Melaka

Kobay Technology Bhd (KL: KOBAY) reported a 73% rise in first-quarter earnings to a new record thanks to stronger contributions from its manufacturing divisions.

Kobay Technology 3Q net profit surges 73% on strong manufacturing business

Economists broadly expect Bank Negara Malaysia (BNM) to raise the overnight policy rate (OPR) next year, as resilient economic growth and the prospect of higher inflation in 2027 could pave the way for monetary policy normalisation.

Economists expect inflation to push OPR up next year  

Lotte Chemical Titan Holding Bhd (KL:LCTITAN) on Thursday reported a wider third-quarter loss, weighed down by higher feedstock costs, increased depreciation and interest expenses, and narrowing profit margins.

Lotte Chemical Titan stays in the red as 3Q net loss widens on higher costs, margin squeeze

The Malaysian Communications and Multimedia Commission (MCMC) is conducting speed tests along the East Coast Rail Link (ECRL) to identify areas that require improved internet coverage ahead of the service's launch on Dec 12.

MCMC testing internet coverage along ECRL route ahead of Dec 12 launch

US employers announced the fewest number of job cuts for any October since 2023, while hiring plans picked up as companies began gearing up for the holiday-shopping season.

US companies slash the least jobs in October in three years

Tanco Holdings Bhd's (KL:TANCO) joint venture with a unit of China Nuclear Industry Huaxing Construction Co Ltd has secured a RM700 million contract to build an industrial warehouse complex in Klang, Selangor.

Tanco-China builder JV bags RM700m warehouse contract in Klang

A gauge of pound strength rose to its highest level since 2016, supported by resilient UK economic data and expectations for interest-rate hikes.

Pound strength highest since Brexit vote ahead of BOE hike

ACE Market-bound Yes Group Management Bhd has posted its first quarterly earnings ahead of its listing on the ACE Market on Nov 26.

ACE Market-bound Yes Group posts RM2.3 mil quarterly net profit

The Johor government has called on DayOne, Perbadanan Darul Ta'zim (PDT) and Ranhill SAJ to hold an immediate technical discussion to explore the possibility of channelling excess treated water from the data centre company’s water treatment plant for public use.

Johor MB wants DayOne, PDT, Ranhill SAJ to explore supplying excess treated water to public

<div class="content-side-bar-box" style="background-color: lightblue; color: black;">
Summary

<ul>
	<li>The company started as MyEG Services Bhd, providing an e-payment gateway for government departments. It was a shining star until Ma...

Cover Story: How T S Wong lost Zetrix AI’s tech narrative

Embattled Zetrix AI Bhd (KL:ZETRIX) has launched a digital identity service for artificial intelligence (AI) agents in partnership with China's Academy of Information and Communications Technology (CAICT), as it seeks to commercialise its AI-related investments following RM3.7 billion in development spending.

Embattled Zetrix AI launches AI agent identity service after RM3.7 bil development spending

KUALA LUMPUR (Nov 5): Shares of Capital A Bhd (KL:CAPITALA) and AirAsia Group Bhd (KL:AAGB) rose in early trade on Thursday, amid easing crude oil prices,&nbsp;although an analyst cautioned that the rebound may be short-lived given lingering geopolitical uncertainties.

Capital A, AirAsia shares climb as crude oil prices ease further

Malaysia’s central bank stood pat again on Thursday as most expected, holding that the current benchmark interest rate matches its outlook on inflation and growth.

Bank Negara Malaysia holds policy rate steady

Sunway Construction Group Bhd (KL:SUNCON) announced that it has won a RM1.74 billion contract to build a hyperscale data centre in Bandar Serendah, Selangor.

Sunway Construction wins RM1.74 bil contract to build another data centre in Selangor

Malaysia’s central bank is expected to keep interest rates unchanged at its final policy meeting of the year on Thursday while signaling scope for a hike early in 2027 as economic growth remains strong.

BNM set to hold overnight policy rate on strong growth, signal hike in 2027

(Nov 5):&nbsp;The US government borrowed a record US$839 billion in a single week via its sales of Treasury bills and notes — both to repay holders of maturing debt and to raise the additional capital needed to finance the federal deficit.

Auctions of bills, floating-rate notes and Trea...

US Treasury borrows record US$839 bil in single week

MBSB Research has valued Main Market-bound Big Caring Group Bhd at RM1.20 a share, an 11.1% premium to its initial public offering (IPO) retail price of RM1.08, as it expects the pharmacy chain to deliver stronger earnings growth than its retail peers.

MBSB Research values Big Caring at 11% premium to IPO price, citing faster growth than retail peers

Home Minister Datuk Seri Saifuddin Nasution Ismail has been called upon to clarify Malaysian Border Control and Protection Agency (AKPS) director general Datuk Seri Mohd Shuhaily Mohd Zain's transfer back to the police force.

Lawyer urges home minister to clarify Shuhaily's transfer back to PDRM

IN 2017, Wong Thean Soon debuted at 33 on Forbes’ list of Malaysia’s richest with a net worth of US$330 million, based on his shareholdings in My E.G. Services Bhd, since renamed Zetrix AI Bhd (KL:ZETRIX).

Forbes said of Wong and Zetrix AI back then, “In 2000, he launched MyEG Services ...

Cover Story: What’s left in Zetrix AI?

Japanese retail chain Daiso Malaysia Group Sdn Bhd has officially opened its RM1.2 billion Global Distribution Centre (GDC) at Taman Perindustrian Samudera, Pulau Indah, reinforcing Malaysia’s positioning as a premier regional supply chain and logistics hub.

Japan's Daiso opens its largest ever logistics hub in Pulau Indah

AS Malaysia continues accelerating towards Industry 4.0 with investments into smart logistics and connected infrastructure, businesses are deploying more IoT devices than before. Adoption momentum is also building, with 78% of enterprises surveyed by Beecham Research either already using eSIMs for IoT or planning to do so. This is in addition to recent trial rollouts from Malaysian telcos, such as CelcomDigi's industrial 5G-enabled intelligent warehouse and U Mobile's 5G-IoT logistics, demonstrating how connected technologies are becoming increasingly integral to business operations.

Commentary: Why eSIM is becoming critical for Malaysia’s next phase of IoT growth

Tanco Holdings Bhd's (KL:TANCO) joint venture with a unit of China Nuclear Industry Huaxing Construction Co Ltd has secured a RM700 million contract to build an industrial warehouse complex in Klang, Selangor.

A consortium including the founding family of Yinson Holdings Bhd (KL:YINSON) is considering sweetening its bid to take the Kuala Lumpur-listed energy infrastructure company private, according to people familiar with the matter.&nbsp;

Consortium led by founding Lim family mulls higher offer to privatise Yinson — Bloomberg

KUALA LUMPUR (Nov 5): The Railway Assets Corporation (RAC) is suing political activist Badrul Hisham Shaharin (also known as Chegubard) regarding the dissemination of statements allegedly defaming RAC and the Rolling Stock Strategy (RSS) initiative. &nbsp;

Railway Assets Corp takes legal action against Chegubard over alleged defamatory claims

Elon Musk’s Texas-based empire is coming under investor scrutiny after Democrats clinched unlikely wins in his adopted state on their way to taking control of Congress.

Texas blue wave erases US$130 bil from Musk stocks

Democrats vowed on Wednesday to use their resounding midterm victory to rein in US President Donald Trump, setting up two years of possible deadlock in Washington, as Trump spent his first post-election appearance showing off his under-construction White House ballroom.

Democrats flex congressional majorities as Trump accepts electoral losses

ZETRIX AI Bhd (KL:ZETRIX) has become a rudderless ship given its highly fragmented shareholding structure.

Beyond the forced sell-down of its shares held by its managing director Wong Thean Soon, several other shareholders have sold down their holdings, according to the latest sharehold...

Cover Story: Rudderless, with no clear controlling shareholder

SD Guthrie Bhd (KL:SDG) reported a 17% decline in third-quarter earnings though the world’s largest palm oil producer by acreage is still confident of ending the year strong.

SD Guthrie reports 17% drop in 3Q earnings, says still on track for strong year

Lawyers for Datuk Seri Jamil Khir Baharom have indicated that they will be filling several applications including a challenge to the charges against the former minister in charge of Islamic affairs.

Aris Riza Noor Baharin

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