(Nov 26): Republican President-elect Donald Trump says he plans to fundamentally alter the U.S. relationship with NATO during his second four-year term and rapidly bring the war in Ukraine to a close.

On the campaign trail, he floated sending armed forces into Mexico to battle drug...

Trump's foreign policy: rethink NATO, troops to Mexico, end Ukraine war

Gamuda Bhd (KL:GAMUDA), whose share price has more than doubled year-to-date (YTD), is among companies analysts are expect to be included in the FTSE Bursa Malaysia KLCI following the index’s semi-annual review.

Is KLCI inclusion on the cards for 99 Speed Mart?

(Nov 25): Lawmakers in the US House of Representatives have asked Treasury Secretary Janet Yellen to rethink ties with Hong Kong's banking sector, the Wall Street Journal reported on Monday.

Hong Kong has turned into a hub for many violations of US trade controls, including expor...

US lawmakers say Hong Kong is becoming hub for financial crime — report

Petronas Dagangan Bhd's (KL:PETDAG) net profit jumped 81.4% year-on-year to RM335.13 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM184.72 million previously, on the back of strong margins supported by favourable price trends, coupled with a decrease in overall product costs due to lower purchase premium.

PetDag's 3Q net profit jumps 81% on strong margins amid favourable MOPS price, pays 24 sen dividend

Property developer S P Setia Bhd (KL:SPSETIA) reported a 93% year-on-year surge in its third-quarter net profit, driven by higher profit from land sales which offset losses from the Battersea Power Station project and lower contributions from its Australian operations.

S P Setia posts 93% jump in 3Q profit on land sale boost, plans RM1.97b more launches by year end

Hyundai Motor will open its first plant in Malaysia next year with an investment valued at RM2.16 billion.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said it will be the South Korean automaker’s largest investment in Malaysia and provide many job opportunities.

Hyundai to invest RM2.16 bil to set up plant in Kulim

RHB Bank Bhd (KL:RHBBANK) will be divesting its entire 99.95% stake in RHB Securities (Thailand) Public Company Ltd to Singapore-based stock brokerage firm Phillip Brokerage Pte Ltd for THB1,253.77 million (RM161.81 million), marking its exit from Thailand's stockbroking and securities market.

RHB exits Thai securities market with RM161.81m divestment to Phillip Brokerage  

India's Parliament was suspended on Monday after opposition lawmakers disrupted it demanding a discussion over bribery allegations against Adani Group, and Adani dollar bond prices fell to almost one-year lows as investors and lenders weighed the case.

Indian Parliament disrupted over Adani bribery allegations; bonds slide to year low

Philippine President Ferdinand Marcos on Monday vowed to fight back against what he called reckless and troubling threats against him, speaking out after his estranged vice-president said he would be assassinated if she herself were killed.

Philippines' Marcos vows to fight back after estranged VP's assassination threat

The criminal appeal at the Court of Appeal for Muar Member of Parliament Syed Saddiq Syed Abdul Rahman is faced with another delay as the record of appeal, which contains the High Court judgement and is needed for the young politician’s defence team to prepare its grounds of appeal, is still not ready more than a year after his conviction.

Record of appeal in Syed Saddiq's graft case still pending, will drag on to 2025

The High Court on Monday has quashed the seizure of Swatch's rainbow-themed ‘Pride collection’ watches, holding that the May 2023 move was made before confiscation notices were issued and without any warrant.

High Court quashes Swatch seizure by Home Ministry

Malaysia’s third-quarter results season has been ‘disappointing’ so far, said CIMB Securities, warning of downside risks to its earnings forecasts for stocks on the benchmark index.

Malaysia's 3Q earnings 'disappointing' so far as forex losses weigh, CIMB says

(Nov 24): Singaporean Prime Minister Lawrence Wong is set to take charge of the ruling People’s Action Party (PAP), consolidating his leadership ahead of a general election due next year.

Singapore PM set to take over ruling party ahead of election

(Nov 23): One of Malaysia’s wealthiest states is trying to seize control of the nation’s biggest gas reserves, complicating relations in the ruling coalition and threatening a blow to federal revenues.

Borneo challenge looms as Anwar marks two years as Malaysian PM — Bloomberg

Here is a brief recap of some corporate announcements that made news on Monday.

IJM, RHB Bank, Affin Bank, Mr DIY, PetDag, KLCCP Stapled Group, S P Setia, IOI Properties, MPI, Hong Leong Industries, Gas Malaysia, Solarvest, Ho Hup Construction, Haily

The Umno supreme council has revoked the suspension of former Pasir Salak MP Datuk Seri Tajuddin Abdul Rahman’s membership in Umno with immediate effect.

Tajuddin reinstated as Umno member after suspension lifted

SKP Resources Bhd, one of the Malaysian suppliers of British consumer goods company Dyson Ltd, said on Monday it is mindful of significant credit concentration risk that may arise from a major customer and is continuously seeking to diversify its customer base, as it reported a 26.89% year-on-year jump in its second quarter net profit on higher revenue.

Dyson supplier SKP Resources says it's seeking to diversify customer base as 2Q profit jumps 

Funds managed by Blackstone Inc agreed to invest US$3.5 billion (RM15.63 billion) to create a joint venture with EQT Corp, enabling the US natural gas producer to reduce its debt.

Blackstone, EQT form US$3.5 bil gas pipeline venture

The benchmark S&P 500 and the blue-chip Dow hit intraday record highs on Monday while the Nasdaq also advanced, with Scott Bessent's nomination as Treasury secretary in the incoming Trump administration boosting investor sentiment.

S&P 500, Dow touch record highs as markets cheer Trump's Treasury pick

Taliworks Corp Bhd’s (KL:TALIWRK) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) jumped 79.08% year-on-year to RM24.25 million from RM13.54 million a year ago, driven by higher revenue across all operating business segments.

Taliworks’ 3Q net profit up 79% on growth across board, toll compensation; pays two sen dividend

The government does not intend to allow vehicles owned by non-citizens to enjoy the RON95 subsidy, said the Ministry of Economy.

The ministry said the move was in line with the government’s objective to strengthen the country’s fiscal positition as stated in the 12th Malaysia Plan (12MP).

Economy Ministry says govt will not allow non-citizen vehicles to enjoy RON95 subsidy 

The flood situation in Terengganu has continued to improve, with the number of evacuees declining, while figures in Johor and Kelantan remain unchanged as of 8pm on Monday.

Number of flood victims drops in Terengganu, unchanged in Johor and Kelantan

Gamuda Bhd (KL:GAMUDA), whose share price has more than doubled year-to-date (YTD), is among companies analysts are expect to be included in the FTSE Bursa Malaysia KLCI following the index’s semi-annual review.

Hyundai Motor will open its first plant in Malaysia next year with an investment valued at RM2.16 billion.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said it will be the South Korean automaker’s largest investment in Malaysia and provide many job opportunities.

Some 647.13 million shares in Affin Bank Bhd (KL:AFFIN) representing a 26.96% stake were traded off-market on Monday.

Bloomberg data showed that the shares were sold in eight tranches for RM1.78 billion. The blocks of shares were transacted between RM2.46 and RM2.84 per share, representing a discount of between 17% and 4.05% over Affin Bank’s last closing price of RM2.96 in the open market on Monday.

Affin Bank sees 27% stake traded at a discount in off-market deals valued at RM1.78 bil

IJM Corporation Bhd (KL:IJM) said it is buying a 50% stake in UK-based construction firm JRL Group Holdings Ltd for £50 million (RM283 million) to expand into the UK and strengthen its core construction capabilities.

IJM Corp announces RM283m deal to buy 50% stake in UK-based JRL

Radium Development Bhd (KL:RADIUM) said it is acquiring 13 acres of&nbsp; leasehold land in Cheras — which will be used for mixed development — for RM458 million.

Radium Development buys 13-acre land in Cheras for RM458m

Property developer S P Setia Bhd (KL:SPSETIA) reported a 93% year-on-year surge in its third-quarter net profit, driven by higher profit from land sales which&nbsp;offset losses from the Battersea Power Station project and lower contributions from its Australian operations.

RHB Bank Bhd (KL:RHBBANK) will be divesting its entire 99.95% stake in RHB Securities (Thailand) Public Company Ltd to Singapore-based stock brokerage firm Phillip Brokerage Pte Ltd for THB1,253.77 million (RM161.81 million), marking its exit from Thailand's stockbroking and securities market.

Petronas Dagangan Bhd's (KL:PETDAG)&nbsp;net profit jumped 81.4% year-on-year&nbsp;to RM335.13 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM184.72 million previously, on the back of strong margins supported by favourable price&nbsp;trends, coupled with a decrease in overall product costs due to lower purchase premium.

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EVENING 5: Five things you need to know today

Here is a brief recap of some corporate announcements that made news on Monday.

KPJ Healthcare Bhd (KL:KPJ) reported a 6.24% dip in its third quarter net profit from a year ago, despite revenue breaching RM1 billion for the first time, following the disposal of its Indonesian operations.

KPJ reports record revenue but lower 3Q profit on absence of one-off disposal gain

Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the US coast and on federal lands, according to two sources familiar with the plans.

Trump prepares wide-ranging energy plan to boost gas exports, oil drilling — Reuters

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday.

FBM KLCI up 0.48% to 1,597.45 on Nov 25, 2024

KLCCP Stapled Group (KL:KLCC) said its third-quarter net profit rose 11.44% year-on-year, driven by strong performances across its business segments, particularly the retail and hotel division. &nbsp;

KLCCP Stapled Group’s 3Q net profit rises 11%, declares 9.2 sen dividend

Gas Malaysia Bhd (KL:GASMSIA) said on Monday its third-quarter net profit rose 34.6% year-on-year (y-o-y) driven by higher volume of natural gas sold, average natural gas selling prices and tolling fees.

Gas Malaysia posts 34.6% jump in 3Q net profit to RM116m

Solarvest Holdings Bhd (KL:SLVEST) posted a 28.1% rise in net profit to RM9.2 million for its second quarter ended Sept 30, 2024 (2QFY2025), from RM7.2 million a year earlier, driven by improved margins from its commercial and industrial segment, supported by a reduction in solar panel costs.

Solarvest posts 28% rise in 2Q net profit on improved margins

India's Parliament was suspended on Monday after opposition lawmakers disrupted it demanding a discussion over&nbsp;bribery allegations&nbsp;against Adani Group, and Adani dollar bond prices fell to almost one-year lows as investors and lenders weighed the case.

Hong Leong Industries Bhd (KL:HLIND) said its net profit rose 60.3% to RM140.56 million in the first quarter ended Sept 30, 2024 (1QFY2025), from RM87.67 million a year ago, mainly driven by higher motorcycle sales and a RM12.6 million gain from a land disposal.

Hong Leong Industries says 1Q profit rose on higher motorcycle sales, declares 25 sen dividend

(Nov 25): Lawmakers in the US House of Representatives have asked Treasury Secretary Janet Yellen to rethink ties with Hong Kong's banking sector, the Wall Street Journal reported on Monday.

Hong Kong has turned into a hub for many violations of US trade controls, including expor...

SKP Resources Bhd, one of the Malaysian suppliers of British consumer goods company Dyson Ltd, said on Monday it is mindful of significant credit concentration risk that may arise from a major customer and is continuously seeking to diversify its customer base, as it reported a 26.89% year-on-year jump in its second quarter net profit on higher revenue.

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