Shares of 99 Speed Mart Retail Holdings Bhd (KL:99SMART) closed up 23 sen or 13.94% on its market debut at RM1.88, valuing the mini market group at RM15.79 billion, based on its issued capital of 8.4 billion shares.

99 Speed Mart the 32nd largest firm by market cap after 14% rise on Bursa debut

Newly listed on Bursa Malaysia's Main Market, 99 Speed Mart Retail Holdings Bhd (KL:99SMART) has not ruled out expanding into Southeast Asia if suitable opportunities arise.

99 Speed Mart weighs Southeast Asian expansion plans

Oil and gas service provider Steel Hawk Bhd (KL:HAWK), which has transferred its listing to the ACE Market of Bursa Malaysia via an initial public offering (IPO), said the group is bidding for more long-term Petroliam Nasional Bhd (Petronas) contracts and expanding its renewable energy business.

Steel Hawk bidding for more Petronas contracts, eyes green energy expansion

KUALA LUMPUR (Sept 5): Steel Hawk Bhd (KL:HAWK) shares doubled in their ACE Market trading debut on Thursday, following strong demand during the oil and gas services firm’s initial public offering (IPO) that raised RM13.5 million.

Steel Hawk doubles on ACE Market debut following strong investors' demand during RM13.5m IPO

Enterprise information technology solutions provider Vetece Holdings Bhd (KL:VTC), which debuted on the ACE Market on Wednesday with an opening share price of 50 sen — doubling that of its initial offering price (IPO) of 25 sen — said it is gearing up to leverage artificial intelligence (AI) and data centres to drive earnings growth.

Vetece to ride on AI waves and data centres — CEO

Vetece Holdings Bhd (KL:VTC), an enterprise information technology (IT) company, ended its first day of listing on Bursa Malaysia's ACE Market on Wednesday with a 62% gain.

Vetece gains 62% at close of ACE Market debut 

Food processing and packaging machinery solutions, EPB Group Bhd (KL:EPB) plans to leverage the Industrial Revolution (IR) 4.0 initiative by developing more technology to accommodate its machinery and equipment, following its listing on the ACE Market of Bursa Malaysia Friday.

EPB to leverage IR 4.0 by developing more technology after listing

Shares of EPB Group Bhd (KL:EPB) climbed 16.07% in their trading debut on Friday after the food processing and packaging machinery firm’s initial public offering (IPO) on the ACE Market raised RM62.48 million.

EPB Group gains 16% on ACE Market debut

Elridge Energy Holdings Bhd (KL:ELRIDGE) ended its first day of listing on Bursa Malaysia’s ACE Market with a gain of nearly 38% on Thursday.

Elridge Energy ends first day on ACE Market with 38% gains

CK Infrastructure Holdings Ltd (CKI) shares saw light trading on their London debut, in the first major listing under new rules meant to lure foreign issuers to the British capital.

Hong Kong’s CK Infrastructure sees thin trading in London debut

Cooking oil distributor Sik Cheong Bhd (KL:SCB) closed 33% higher on its ACE Market debut.

Sik Cheong surges 33% on listing day 

KUALA LUMPUR (Aug 13): Shares of cooking oil distributor Sik Cheong Bhd (KL:SCB) surged 85.2% in ACE Market trading debut on Tuesday, following strong demand during the initial public offering (IPO) that raised RM23.22 million.

Sik Cheong surges 85% on ACE Market debut after strong demand during IPO

KUALA LUMPUR (Aug 13): Cooking oil distributor Sik Cheong Bhd (KL:SCB) has implemented a strategy to minimise its exposure to crude palm oil (CPO) price fluctuations by maintaining a swift inventory turnover, according to managing director Wong Hing Ngiap.

ACE-Market listed Sik Cheong adopts swift inventory strategy to navigate CPO price fluctuations

Shares in Kucingko Bhd (KL:KUCINGKO), the first animation studio listed on the Malaysian stock exchange, more than doubled on their trading debut after the company raised RM60 million from its initial public offering (IPO).

Kucingko shares more than double in ACE Market debut

theedgemalaysia.com highlighted three stocks with positive momentum at Bursa Malaysia's afternoon close on Thursday. There were no stocks with negative momentum.

GDEX, Seal, Malakoff

India’s securities regulator is considering tighter oversight on micro-cap firms going public, including monitoring the use of their funds and imposing stricter due diligence guidelines for merchant bankers, according to a person involved in the discussions.

India considers new rules to curb risks as tiny IPOs boom — Bloomberg

(Sept 12): Thailand’s new prime minister has a roadmap to deal with the most pressing issues ranging from a near-record household debt to a tepid growth rate and an ageing society. But the plan is short on details that would ensure time-bound outcomes, according to economists.

New Thai PM’s reform agenda lacks specifics, economists say

For parents whose children have challenges in attending national schools or who want to elevate their potential where the default private education system is beyond their reach and are on the lookout for an alternative route, Sekolah Anak Malaysia or SAM may well be the answer.

SAM is M...

Edunation: Alternatively, Sekolah Anak Malaysia beckons

Umno has decided to collaborate with Pakatan Harapan (PH) for the next Sabah election, said party president Datuk Seri Dr Ahmad Zahid Hamidi.

He said this decision, jointly finalised by both central and Sabah Umno, is seen as the best approach to strengthening the administration of the unity government.

Zahid: Umno to cooperate with PH in Sabah election to strengthen unity govt

Australia said it will fine internet platforms up to 5% of their global revenue for failing to prevent the spread of misinformation online, joining a worldwide push to rein in borderless tech giants but angering free speech advocates.

Australia threatens fines for social media giants enabling misinformation

Selection of the technology provider for the Kuala Lumpur-Singapore high-speed rail (HSR) is still open, said MyHSR Corporation Sdn Bhd chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal.

Selection still open for KL-Singapore high-speed rail technology provider — MyHSR CEO

(Sept 12): Alberto Fujimori, the former president of Peru who oversaw the defeat of Maoist terrorists, tamed hyperinflation and continued to loom large over national politics after being imprisoned for his role in killings by death squads, has died. He was 86.

Alberto Fujimori, authoritarian behind Peru rebound, passes away at 86

The Federal Territory of Kuala Lumpur Land Registrar has been granted a stay by the High Court on Thursday from registering a 263.27-acre plot of land in the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.

High Court grants stay over registration of Semantan Estate

Any decision on the proposal to make halal certification mandatory for all restaurants and food operators is under the jurisdiction of the Conference of Rulers, according to Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

He said the issue should not be turned into polemics, as it is still in the proposal phase and had yet to become a permanent policy.

Conference of Rulers to have final say on mandatory halal certification, says Zahid

Concorde Hotel Kuala Lumpur "is not for sale" by its owners and shareholders, said Tan Sri Sallehuddin Mohamed, chairman of its owner Ampang Hotel Sdn Bhd.

In a statement, Sallehuddin said the shareholders "are satisfied with our progress and the direction we are taking" for the hotel.

Concorde Hotel KL not for sale, says owner

Southeast Asian equities have cemented their position as a favourite play of money managers positioning for the US Federal Reserve’s (Fed) policy pivot.

Four of the five best-performing Asian equity benchmarks this month are from the region, with Thailand leading the pack. The buying frenzy has put foreign inflows on track for a fifth consecutive week while the MSCI Asean Index is now trading near its highest level since April 2022.

Global funds rush into Malaysian, Southeast Asian stocks as Fed pivot play

A former aide to Prime Minister Datuk Seri Anwar Ibrahim was charged with drug trafficking at the Magistrate's Court in Kuala Lumpur on Thursday.

Muhammed Yusoff Rawther, who has an ongoing sexual assault suit against Anwar, was charged with one count of trafficking 305 grammes of cannabis at the Kuala Lumpur Police Contingent Headquarters' surau last Friday.

Anwar's former aide, who is suing PM for sexual assault, charged with drug trafficking

A rally in the world’s largest technology companies spurred a stock-market rebound in a volatile session that had Wall Street traders digesting faster-than-anticipated inflation data.

Stocks wipe out CPI-fuelled slide as Big Tech jumps

Sales of Mazda and Kia vehicles are expected to pick up in the months ahead as analysts shrugged off Bermaz Auto Bhd’s (KL:BAUTO) weaker-than-expected quarter.

Volume-heavy Mazda cars, 10% dividend yield set to prop up Bermaz Auto after weak quarter

In the second quarter of 2024 (2Q2024), Malaysia's retail sales decelerated to 0.6%, falling short of market expectations, according to Retail Group Malaysia (RGM).

In June, members of the Malaysia Retailers Association (MRA) and Malaysia Retail Chain Association (MRCA) projected a growth rate of 1.7%, making the actual result 65% below the estimate.

Malaysian retailers point to 2Q growth slowdown amid rising prices, weak sentiment

Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, while the dollar held onto gains after US&nbsp;core inflation surprised slightly on the upside and dashed hopes of a large rate cut by the Federal Reserve (Fed) next week.

Asian shares up on Wall St tech boost; dollar extends gains on yen

China is turning up the heat on its army of 8,700 investment bankers.&nbsp;

After being forced to take big&nbsp;pay cuts&nbsp;and adhere to other belt-tightening measures under President Xi Jinping’s years-long common prosperity campaign, the country’s dealmakers are now in the crosshairs of the nation’s top graft buster.&nbsp;

China detains investment bankers, takes passports in corruption sweep

The Federal Territory of Kuala Lumpur Land Registrar has been granted a stay by the High Court on Thursday from registering a 263.27-acre plot of land in the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.

Chinese hotpot chain Haidilao said it will focus on expanding further into established foreign markets in the coming years, notably the US, working to draw new customers as diners at home pull back on spending.&nbsp;

Chinese hotpot chain plans US expansion to escape slump at home

Maybank Investment Bank (Maybank IB) advised investors to refocus on property stocks with solid fundamentals and proven execution capabilities amid enthusiasm around the Johor-Singapore Special Economic Zone (JS-SEZ).

Refocus on property stocks with strong fundamentals amid Johor-Singapore SEZ excitement — Maybank IB

KUALA LUMPUR (Sept 12): BIMB Securities has maintained its “underweight” call on the rubber glove sector, citing challenges from strict European Union Deforestation Regulation (EUDR) and persistent overcapacity in the industry.

BIMB Securities flags challenges in rubber glove sector amid EU deforestation rules

Any decision&nbsp;on the proposal to make&nbsp;halal certification mandatory for all restaurants and food operators is under the jurisdiction of the Conference of Rulers, according to Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

He said the&nbsp;issue should not be turned into polemics, as it is still in the proposal phase and had yet to become&nbsp;a permanent policy.

First-half earnings in Asia showed how the ripple effects of the Red Sea crisis will continue to be costly for companies that make goods for export, while those that transport their wares benefit from higher freight rates.

Red Sea crisis produces winners and losers in Asia as freight rates spike

Grand Venture Technology (GVT) has confirmed that it is in discussions for a potential secondary listing of its shares on the Main Market of Bursa Malaysia.

Grand Venture Technology confirms plans for secondary listing on Bursa

Selection of the technology provider for the Kuala Lumpur-Singapore high-speed rail (HSR) is still open, said MyHSR Corporation Sdn Bhd chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal.

Oil attempted to mount a recovery from its plunge to the lowest level in more than two years, with traders weighing intensifying concerns about looming oversupply.

Oil rebounds after slumping to lowest level since 2021

Signs of gloom are mounting in the US$9.50 trillion (RM41.21 trillion) exchange-traded fund (ETF) landscape, threatening to expose Wednesday’s dip buying in stocks as a head-fake with traders cashing out of speculative trading vehicles.

Bearish signals flash in risky parts of US$9.5 tril ETF market

Huawei's new tri-foldable smartphone has ignited nationalistic pride in China with social media abuzz with what supporters see as its ability to out-innovate Apple&nbsp;despite&nbsp;US&nbsp;sanctions&nbsp;— even if many are balking at the phone's US$2,800 (RM12,135) price tag.

Huawei's Mate XT stirs Chinese pride and US$2,800 price tag

(Sept 12):&nbsp;Alimentation Couche-Tard Inc&nbsp;is discussing improving its takeover proposal for Seven &amp; i Holdings Co, Ltd,&nbsp;with the goal of convincing the Japanese convenience store operator to start engaging in discussions, people with knowledge of the matter said.&nbsp;

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