Plantations

OVERWEIGHT

HONG LEONG INVESTMENT BANK (OCT 27): Seasonally stronger cropping trends and sustained downstream performance should drive q-o-q earnings improvem...

Brokers Digest: Local Equities - Plantations, Maxis Bhd, Coastal Contracts Bhd, Solarvest Holdings Bhd

Summary


	Hektar REIT’s proposal to acquire KYS KL East International School for RM125 mil could be withdrawn, say sources
	Unitholders are to vote on the proposal on Nov 16
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Hektar REIT said to be withdrawing proposal to buy KYS KL East International School

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?

Notable filings

Between Oct 12 and 16, notable changes in shareholding among companies traded on Bursa Malaysia included those at plantation counter United Malacca Bhd (KL:UMCCA).

The Tee family vehicle, Prosper Trading Sdn Bhd, acquired 28.19 million United...

Insider Moves: United Malacca Bhd, Turiya Bhd, Foodie Media Bhd, AMMB Holdings Bhd, Malakoff Corp Bhd 

Summary

•    At least three bidders for Dongfeng’s distribution of EV cars in Malaysia

•    Current distrib...

Dongfeng EV franchise draws three bidders, with local assembly a key consideration

Summary

•    IJM is likely to secure a RM500 million contract for the construction of a data centre for K2 Strategic Infrastructure ...

IJM said to have bagged K2 data centre construction job

DURING the Covid-19 lockdown, Datuk Seri Andrew Tan Jun Suan, managing director and 53.86% shareholder of Tanco Holdings Bhd (KL:TANCO), was at his beachside resort in Port Dickson, pondering over a long-standing plan to build an integrated resort city that required a large investment.

...

From beach resort to seaport — is Tanco for real?

Notable filings

Over the week of Sept 28 to Oct 2, notable filings on shareholding changes among Bursa Malaysia-listed companies included those at Avangaad Bhd (KL:AVANGAAD).

Sindora Bhd and Kulim (M) Bhd, both controlled by Johor Corp Bhd, the investment ar...

Insider Moves: Avangaad Bhd, Greatech Technology Bhd, Inari Amertron Bhd, Johor Plantations Group Bhd, Southern Cable Group Bhd, IJM Corp Bhd

THE situation at Zetrix AI Bhd (KL:ZETRIX) appears to be deteriorating, with more issues emerging. Late last Friday (Oct 2), Zetrix and its wholly-owned unit MyEG Sdn Bhd had their roles as collection agents for the Road Transport Department (JPJ) suspended, effective from 12.01am on Oct 5.
...

Cover Story 2: Heading deeper into the woods

IN September 2022, CGS International Securities Sdn Bhd (then CGS CIMB) granted a RM60 million margin trading account facility to Wong Thean Soon, co-founder and largest shareholder of MyEG Services Bhd, now known as Zetrix AI Bhd (KL:ZETRIX).

The facility came with a price cap on Zetri...

Cover Story 2: Insights into margin calls on Zetrix’s Wong

Biscuit maker Hup Seng Industries Bhd (KL:HUPSENG) reported a 9.33% decline in net profit for the third quarter, amid weaker domestic demand for biscuits and lower export sales.

Hup Seng's 3Q profit falls 9% on weaker biscuit demand, declares two sen dividend

NEWS: MBM previews all-new electric C-Class

French supermarket chain Casino Guichard-Perrachon SA has reached an agreement on restructuring its debt, after facing opposition from a group of lenders to its initial plan.

French grocer Casino agrees to debt deal with opposing creditors

Electrical engineering firm Jati Tinggi Group Bhd (KL:JTGROUP) has secured a RM33.1 million subcontract to undertake electrical infrastructure works for interim power supply to a data centre in Gerbil, Negeri Sembilan.

Jati Tinggi wins RM33 mil contract for power supply to Gerbil data centre

Senior defence lawyer Tan Sri Muhammad Shafee Abdullah said that Datuk Seri Najib Razak was a relieved man on Tuesday, and that the lawyer would personally like to thank the King, Sultan Ibrahim Sultan Iskandar, for allowing his client to serve the remainder of his sentence until Aug 23, 2028 under house arrest.

Shafee says Najib is relieved, thanks King for granting house arrest

Datuk Seri Najib Razak is now legally allowed to serve the remainder of his SRC International Sdn Bhd jail sentence at his Jalan Langgak Duta home in Kuala Lumpur.

Court clears way for Najib to serve rest of SRC sentence at home, back to prison after Aug 23, 2028, for 1MDB jail time

YTL Power International Bhd (KL:YTLPOWR) fell on Tuesday amid renewed scrutiny of its data centre partner Nvidia Corp over espionage allegations.

YTL Power shares under selling pressure amid Nvidia scrutiny

Critical Holdings Bhd (KL:CHB) has secured engineering, procurement and construction contracts worth RM65 million from a multinational corporation for cleanroom works in northern Peninsular Malaysia.

Critical Holdings bags RM65 mil cleanroom contracts from multinational

Pakatan Harapan (PH) candidate for the Paya Rumput (N.13) state seat Datuk Azman Abidin has outlined four key priorities under his ‘Aspirasi Paya Rumput’ agenda to promote comprehensive development in the constituency.

Melaka polls: PH's Azman outlines four priorities for Paya Rumput

A summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI down 0.77% to 1,604.07 on Nov 10, 2026

KUALA LUMPUR (Nov 10): Public Bank Bhd (KL:PBBANK) fell on Tuesday after the third-largest Malaysian bank by assets cut its guidance and flagged margin pressures.

Public Bank falls after cutting guidance, flagging margin pressures

NEW YORK (Nov 9): Nvidia and chief executive Jensen Huang were sued on Monday in a proposed class action accusing them of defrauding shareholders by concealing Huang's ties with a suspected Chinese spy.

Nvidia, CEO Huang sued over disclosures related to suspected Chinese spy

The Attorney General's Chambers (AGC) has filed an application at the High Court to study and review former prime minister Datuk Seri Najib Razak’s house confinement order that had been issued by the court on Friday.

AG applies to High Court to rectify order on Najib’s release for house arrest

MELAKA (Nov 9): The interpretation of the Conditional Pardon Order and the implications of the Order of Discharge involving Datuk Seri Najib Tun Razak require further clarification to establish whether the Prisons Department has the authority to implement house arrest for the former prime minister.

Najib's discharge order needs review to clarify Prisons Dept's authority — Saifuddin

PETRONAS could tap into the massive power demand from data centres by supplying gas for dedicated power generation, a minister said on Tuesday.

PETRONAS could power data centres with gas, secure long-term buyers at market rates, says minister

Datuk Seri Najib Razak is now legally allowed to serve the remainder of his SRC International Sdn Bhd jail sentence at his Jalan Langgak Duta home in Kuala Lumpur.

KUALA LUMPUR (Nov 10): MISC Bhd’s (KL:MISC) proposed RM3.03 billion investment in Yinson Holdings Bhd (KL:YINSON) would increase its financial risk, even under a structure designed to keep Yinson’s substantial debt off the shipping group’s balance sheet, CGS International said.

MISC’s RM3.03 bil bet to take Yinson private exposes shareholders to higher risks — CGS

The High Court heard on Tuesday that AirAsia had run its Free Seats campaign since 2015 without any problems, and only ran afoul with Malaysian Aviation Commission in late 2024.

AirAsia's Free Seats campaign ran for almost 10 years before flagged by Mavcom, court hears 

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Summary

<ul>
	<li>Zetrix AI’s wholly-owned money-lending outfit MY EG Finance Technologies extended a RM100 million loan to three private companies and several individuals in March 2018, secured by 12...

Closer look at opaque deals at Zetrix AI’s lending arm MY EG Finance Technologies

KUALA LUMPUR (Nov 10): Zetrix AI Bhd (KL:ZETRIX) has until Wednesday (Nov 11) to disclose material information on its financial position, unpaid dividends and a series of governance and operational issues following a directive from Bursa Malaysia Securities Bhd.

Zetrix faces Nov 11 deadline to disclose financial position under Bursa’s directive

The drawn out legal battle to wind up the corporate vehicle of the co-founders of glove manufacturing giant Supermax Corporation Bhd has been settled with &nbsp;Datuk Cheryl Tan Bee Geok receiving RM37,028,347.28, while estranged husband Datuk Seri Thai Kim Sim (Stanley Thai) getting RM32,536,556.58.

Supermax co-founders settle winding-up of investment vehicle via property disposal and debt repayment 

KUALA LUMPUR (Nov 10): The Democratic sweep of both US congressional chambers in the midterm elections has weighed on technology stocks globally, but analysts said Malaysian tech faces a sentiment and valuation dip rather than an earnings hit.

Analysts see Malaysia tech facing sentiment dip, not earnings hit, despite data centre worries

WASHINGTON/CAIRO/ABU DHABI (Nov 9): US President Donald Trump said on Monday that he plans to hold off on new military strikes against Iran for the time being after appeals from countries in the region, including from Qatar's prime minister in White House talks.

Trump says he will hold off on fresh Iran strikes for now

The government has yet to receive evidence that Speedmatrix Sdn Bhd, the firm allegedly involved in the Nvidia spy affair scandal, violated Malaysian law, a minister said.

Malaysia yet to receive evidence on firm allegedly linked to Nvidia spy affair scandal — report

The High Court has granted VLA Architects Sdn Bhd an interim extension of a restraining order, until Jan 25, 2027, pending the hearing and full disposal of the main extension application in the winding-up proceedings of Maju Holdings Sdn Bhd.

High Court grants temporary restraining order extension to Maju Holdings in winding-up suit

UEM Sunrise Bhd (KL:UEMS) has officially launched MAIA Mont’Kiara, a luxury residential development with a gross development value of RM1.17 billion, on Tuesday (Nov 10). It soft-launched in late August this year and has achieved a 60% take-up rate since then.

UEM Sunrise officially launches RM1.17b MAIA Mont’Kiara with 60% take-up rate

KUALA LUMPUR (Nov 10): Yinson Holdings Bhd (KL:YINSON) has clarified that it has not accepted either the proposed privatisation scheme or the terms of the proposal letter, which involves its major shareholders privatising the company at RM2.50 per share. &nbsp;

Yinson says it has not accepted the proposed privatisation scheme

Malaysia's palm oil stocks climbed to a record high in October, surpassing the previous peak set a month earlier, as another month of bumper output more than offset a rebound in exports.

Malaysia's October palm oil stocks hit new high as output rises

KUALA LUMPUR (Nov 10): The proposed RM2.50-a-share privatisation of Yinson Holdings Bhd (KL:YINSON) offers minority shareholders an exit opportunity above CIMB Securities’ valuation, as heavy gearing and costly financing could constrain growth and dilute returns from new projects, the research house said.

Yinson buyout offers exit opportunity, CIMB Securities advises shareholder to vote in favour

Transport Minister Anthony Loke Siew Fook announced that his resignation is now effective after Datuk Seri Najib Razak’s house arrest was cleared by the court.

Jose Barrock

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Jose Barrock

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