In today’s edition of Evening 5: 0:06 Paramount buys 21.5% stake in Eco World International from Quek Leng Chan2:02 Azam Baki’s contract as MACC chief commissioner extended for one year3:01 No settlement in sight, Semantan Estate’s appeal to resume in Sept4:20 CIMB Securities eyes single-digit growth in market share by year-end5:39 Sg Bagan shares jump 15% to record high on Great Eastern privatisation bid

EVENING 5: Paramount buys 21.5% stake in EWI from Quek Leng Chan

In today’s edition of Evening 5: 0:06 BNM keeps overnight policy rate unchanged as widely expected1:21 Mr DIY 1Q net profit rises 13% on sales from new stores, higher margins2:44 Daim and family fail to reinstate legal challenge against MACC probe4:00 Man on the run for 15 years nabbed, charged with abetting securities fraud5:18 Globetronics reports 73% jump in 1Q profit on forex gain, higher interest income

EVENING 5: BNM stands pat on OPR

In today’s edition of Evening 5: 00:00 Top 100 stocks add RM175 bil to market cap 01:54 Axiata, Sinar Mas seeking permission for merger from Indonesian govt 03:09 Record earnings push MNRB to record highs 04:26 Finance costs weigh on Sentral REIT 06:03 Go Hub Capital gets nod for ACE Market listing

EVENING 5: Malaysia’s top 100 stocks add RM175 bil to market cap

In today’s edition of Evening 5: 00:00 Malaysian stocks’ market cap reaches record RM2 trillion 01:31 CTOS kicks off FY2024 stronger 03:02 Sapura Energy JVs bag US$1.8 bil Petrobras contracts 03:55 PHB to independently manage AHB funds, aim to quadruple fund size 05:26 M’sia remains key market for LCC Scoot

EVENING 5: Ebullient market tops RM2 trillion, breaches 1,600

In today’s edition of Evening 5: 0:06 Shell in talks to sell Malaysian fuel stations to Saudi Aramco — Reuters1:27 Malaysia unlikely to follow in Indonesia's, Philippines' rate hike footsteps — HSBC2:50 TF Value-Mart takes legal action against GCH Retail, citing loss of business4:05 Proton Holdings records sales of 11,025 units in April, higher by 17.1% y-o-y5:30 Sin-Kung IPO shares oversubscribed by 26.5 times ahead of ACE Market listing

EVENING 5: Shell to sell M’sian stations to Saudi Aramco?

In today’s edition of Evening 5: 0:06 Digital Nasional to meet next week to discuss due diligence on 5G network — Gobind1:22 Top US Treasury official to travel to Singapore, Malaysia to discuss sanctions2:43 Ajinomoto surges to near six-year high after announcing ex-date for special dividend4:02 F&N to focus on sweating off its assets after investing RM3b in capex and development5:27 Naza completes acquisition of waste management company from Berjaya for RM700m cash

EVENING 5: DNB board to discuss due diligence next week

In today’s edition of Evening 5: 00:00 Microsoft to invest US$2.2 bil in M’sia over four years 02:09 Lotte Chem Titan posts eighth straight quarterly loss 03:51 Westports’ 1Q earnings improve by 11% 05:20 Protasco gets offer from HK firm for its education biz 06:45 Feytech’s Main Market listing to raise over RM201 mil

EVENING 5: Microsoft to invest US$2.2 bil in M’sia over the next four years

In today’s edition of Evening 5: 0:06 Sime Darby Plantation announces rebranding plan, to change name to SD Guthrie1:19 Bursa Malaysia books 34% jump in 1Q net profit, optimistic of hitting 2024 targets2:56 Malaysian Bar challenges Pardons Board decision to reduce Najib’s sentence4:30 Clement Hii buys another 20.55% in SEG International for RM112.98 mil, triggers MTO5:55 Ekuinas acquires 80% stake in active pharmaceutical ingredients maker Symbiotica

EVENING 5: Sime Darby Plantation to rebrand as SD Guthrie

In today’s edition of Evening 5: 0:06 Gadang calls off Kwasa Damansara land buy after failing to get EPU waiver1:27 Twenty-eight National Service Training Programme operators take govt to court2:52 Nestlé's 1Q net profit dips on lower domestic sales amid challenging environment 4:34 LPI Capital's 1Q earnings surge 37%, to focus on strategic sectors for steady profits5:59 Boycott causes over 100 KFC outlets to suspend operations, says Nanyang report

EVENING 5: Gadang calls off Kwasa Damansara land buy

In today’s edition of Evening 5: 00:00 Merger of airlines enough to reverse negative equity - Fernandes 02:16 Govt set to unveil second 5G network next week  03:26 Unisem’s 1Q hit by margins, forex 04:30 Berjaya Corp denies Forest City casino talks   05:30 Homeritz’s 2Q earnings spike on stronger greenback

EVENING 5: Merger of airlines enough to reverse negative equity - Fernandes

In today’s edition of Evening 5: 00:00 EPF unveils the details of flexible Account 3 02:07 AAX to buy Capital A’s airline business for RM6.8 bil 03:47 DNB adds five new members to its board 04:58 PM denies claims about a Forest City casino 05:51 Pantech mulls listing two subsidiaries

EVENING 5: EPF unveils the details of flexible Account 3

In today’s edition of Evening 5: 00:00 MYAirline loses licence to operate 01:41 New developments, new board to be announced for DNB 02:59 Fernandes to be CEO of Capital A for five more years 04:09 ACE Market-bound Farm Price eyes Singapore expansion05:33 Suria KLCC shrugs off the competition

EVENING 5: MYAirline runs out of time, loses licence to operate

In today’s edition of Evening 5: 00:00 Eight contractors face possible MyCC fines for bid rigging 01:36 Capital A’s unit in RFQ process for SriLankan Airlines 02:47 Topmix eyes northern region for expansion, has solid ACE Market debut 04:22 Crest Builder bags RM486 mil condo project in Mt Kiara 05:33 Gadang to lodge appeal over Bumi equity requirement

EVENING 5: Eight contractors face possible MyCC fines for bid rigging

In today’s edition of Evening 5: 00:00 Sapura Energy sells SapuraOMV stake for US$705 mil 02:47 World Bank keeps 4.3% forecast for Malaysia’s economic growth 04:17 Nestlé Malaysia raises prices on selected products05:13 Keyfield has a stellar debut, unfazed by Middle-East tensions06:27 M’sia announces largest IC design park in SEA

EVENING 5: Sapura Energy sells SapuraOMV stake for US$705 mil

KUALA LUMPUR (May 13): Hong Leong Investment Bank (HLIB) Research has upgraded Press Metal Aluminium Holdings Bhd (KL:PMETAL) to “buy” at RM5.34, with a higher target price (TP) of RM6 (from RM4.65), and said that although aluminium demand has been somewhat dragged by the property slump in China ...

 HLIB: Press Metal set to achieve solid double-digit earnings growth in FY2024

Rakuten Trade said REDtone Digital Bhd (KL:REDTONE) may trend higher after breaking out from its downward channel pattern a few sessions ago.

REDtone may trend higher, says Rakuten Trade 

RHB Retail Research said Careplus Group Bhd (KL:CAREPLS) is set for an uptrend reversal after rebounding above the 21-day simple moving average line while surpassing the 31.5 sen immediate resistance last Friday on stronger trading volume.

Careplus set for uptrend reversal, says RHB Retail Research 

Mercury thinks Feytech is experiencing accelerating growth.

MORNING CALL: 13/5/24

TA Securities has valued ACE Market-bound engineering solutions provider Kawan Renergy Bhd at 12 times calendar year 2025 (CY2025) earnings per share (EPS), arriving at a fair value of 55 sen.

TA Securities values ACE Market-bound Kawan Renergy at 55 sen 

Manchester United Women can be one of the elite teams in the game with the backing of the club's new owners Ineos, manager Marc Skinner said after they won their first FA Cup on Sunday.

Ineos will push Man Utd women on to elite status, says boss Skinner

Bahrain-based Al Baraka Bank is looking to deepen its footprint in Pakistan as the South Asian nation embraces interest-free Islamic banking.

Al Baraka seeks expansion as Pakistan embraces Islamic banking

Superpowers led by the US and European Union have funneled nearly US$81 billion (RM384.22 billion) towards cranking out the next generation of semiconductors, escalating a global showdown with China for chip supremacy.

Global chips battle intensifies with US$81b subsidy surge

President Joe Biden will double, triple and quadruple tariffs on some Chinese goods this week, unveiling the measures at a White House event framed as a defence of American workers, people familiar with the matter say.

Biden’s China tariffs salvo to range from doubling to quadruple, Bloomberg reports

Manchester United won the Women's FA Cup for the first time with a comfortable 4-0 victory over Tottenham Hotspur in the final on Sunday.

Man Utd clinch first ever Women's FA Cup with 4-0 thrashing of Spurs

KUALA LUMPUR (May 12): The honours, medals or orders received by Malaysians from foreign countries without the consent of the Yang di-Pertuan Agong are not valid and not recognised for use within the country, said Council of Datuk Dato’ Malaysia (MDDM) president Datuk Awalan Abdul Aziz.

Foreign honours, medals, orders without King’s consent not valid, says council

Superpowers led by the US and European Union have funneled nearly US$81 billion (RM384.22 billion) towards cranking out the next generation of semiconductors, escalating a global showdown with China for chip supremacy.

PARIS (May 12): Leading healthcare companies Pfizer and AstraZeneca announced on Sunday,&nbsp;new investments in France worth a total of nearly US$1 billion, ahead of the start of this year's annual "Choose France" business summit.

Pfizer, AstraZeneca announce new investments of nearly US$1b in France

TA Securities has valued ACE Market-bound engineering solutions provider Kawan Renergy Bhd at 12 times calendar year 2025 (CY2025) earnings per share (EPS), arriving at a fair value of 55 sen.

President Joe Biden will double, triple and quadruple tariffs on some Chinese goods this week, unveiling the measures at a White House event framed as a defence of American workers, people familiar with the matter say.

KUALA LUMPUR (May 12): Malaysia declared its support for the important role played by Qatar, in efforts to resolve the violence perpetrated by the Zionist Israeli regime against the Palestinian people.

Malaysia declares support for Qatar’s role in peace negotiations in Palestine

RHB Retail Research said Careplus Group Bhd (KL:CAREPLS) is set for an uptrend reversal after rebounding above the 21-day simple moving average line while surpassing the 31.5 sen immediate resistance last Friday on stronger trading volume.

KUALA LUMPUR (May 13): Hong Leong Investment Bank (HLIB) Research has upgraded Press Metal Aluminium Holdings Bhd (KL:PMETAL) to “buy” at RM5.34, with a higher target price (TP) of RM6 (from RM4.65), and said that although aluminium demand has been somewhat dragged by the property slump in China ...

CAIRO (May 12): Israel sent tanks into eastern Jabalia in the northern Gaza Strip early on Sunday, after a night of heavy aerial and ground bombardments, killing 19 people and wounding dozens of others, health officials said.

Israel pushes back into northern Gaza, ups military pressure on Rafah

Rakuten Trade said REDtone Digital Bhd (KL:REDTONE) may trend higher after breaking out from its downward channel pattern a few sessions ago.

Malaysia finds itself at a critical juncture, where the digital industry holds the key to future growth and competitiveness. As we navigate the complexities of a globalised world, digital advancement is no longer a luxury but a necessity for sustained economic progress. Beyond mere rhetoric, our ...

Insight: Alchemy for Malaysia’s digital economic growth

SYDNEY (May 12): A former US Marine pilot fighting extradition from Australia on US charges of training Chinese military pilots to land on aircraft carriers, unknowingly worked with a Chinese hacker, his lawyer said.

Former US Marine pilot arrested in Australia worked with Chinese hacker, lawyer says

Bahrain-based Al Baraka Bank is looking to deepen its footprint in Pakistan as the South Asian nation embraces interest-free Islamic banking.

A troubling trend in Malaysia’s housing ownership landscape has emerged in recent times. The declining rate of home ownership is juxtaposed against a surge in unsold properties, painting a complex picture of the housing market.

This scenario can be particularly daunting for prospective ...

Asset Awareness: Redefining property investment with data

As tech giants compete to develop the next generation of headsets, extended reality (XR) seems poised to transform not only how individuals interact with the virtual world but also the operations of businesses across industries.&nbsp;

While adopting this new technology is an obvious ste...

Extended Reality: Making XR more accessible to SMEs

Manchester United Women can be one of the elite teams in the game with the backing of the club's new owners Ineos, manager Marc Skinner said after they won their first FA Cup on Sunday.

A decade from now, how are our cities going to be powered? Will the proliferation of electric vehicles continue, thus shaping our public transportation and day-to-day lives? Will our offices and homes be powered by solar, wind or hydro? Will there be a new form of energy that shapes our world? Pe...

Geek Speak: Going nuclear

<h2>NEWS</h2>

<h3>Fajar Defence launches blockchain investigation and cybersecurity solutions</h3>

Fajar Defence Sdn Bhd, a homegrown blockchain analysis and cybersecurity solutions provider, has introduced two new offerings — the Operational Simulator fo...

Bits + Bytes: A Miscellany of Technology

The cyclical nature of style and trends is a phenomenon that has persisted for many years. Millennials yearned for the 1990s and now, Gen Z yearns for the 2000s.

The Y2K wave, as it stands with Gen Z now, is a reinterpretation of the zeitgeist of 2000s fashion, characterised by a nostal...

Listicle: #Y2K gadgets to help fulfil your aesthetic

Arsenal are exactly where they want to be with one game remaining in front of their fans at the Emirates Stadium and the possibility of claiming a first Premier League trophy in 20 years, manager Mikel Arteta said on Sunday.

Evening 5

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