Mobvoi Inc, a Chinese artificial intelligence (AI) developer backed by Alphabet Inc’s Google, finished its first day of trading lower in Hong Kong, marking the third stock debut to flop in the city this week.

Google-backed AI firm Mobvoi is Hong Kong’s third stock debut flop this week

Topmix Bhd, a surface decorative company listed on Tuesday, expects its expansion in the northern region of Peninsular Malaysia to boost its earnings growth.

The northern region, particularly Penang, has seen an influx of foreign investors, leading to higher income levels and rapid development of housing and commercial projects, which all “bode well for Topmix’s expansion plans", said managing director Teo Quek Siang.

Topmix eyes northern region for expansion amid development boom

Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.

Topmix surges 32% on ACE Market debut

Despite the tension in the Middle East, Keyfield International Bhd, an oil and gas services firm, said that its work orders are uninterrupted as its vessels are predominantly operating in Southeast Asia.

Keyfield is best-performing Main Market IPO stock on maiden day of trading in last six years

Keyfield International Bhd's share price opened at RM1.70 on Monday on its debut on the Main Market of Bursa Malaysia, an 80 sen or 88.88% premium over its initial price offering (IPO) price of 90 sen.

Keyfield International makes impressive debut on Main Market with 89% premium

Shares in SBH Marine Holdings Bhd rose 16% as the frozen seafood company made its ACE Market debut on Monday, following its RM50.6 million initial public offering (IPO).

SBH Marine surges 16% in ACE Market trading debut after RM50.6m IPO

Newly listed frozen seafood company SBH Marine Holdings Bhd, which gained 20.45% on its Bursa Malaysia debut, has seen the shipping cost to its overseas markets increase amid the Red Sea crisis, according to its executive director Saw Leng Hean.

SBH Marine sees no issues with Red Sea crisis, to pass on increased shipping cost to exporters

Calcium carbonate producer Zantat Holdings Bhd ended its maiden trading day on Bursa Malaysia’s ACE Market at 37.5 sen, a premium of 12.5 sen or 50% over its initial public offering (IPO) price of 25 sen.

Zantat makes impressive ACE Market debut, closes with 50% premium

Prolintas Infra Business Trust, the first business trust to be listed on Bursa Malaysia, made a flat debut on the Main Market at 95 sen on Monday, before ending the day two sen higher for a 2.1% gain.

Its muted debut saw a total of 48.21 million shares traded throughout the day.

Prolintas Infra debuts flat at 95 sen

KUALA LUMPUR (March 22): Fertility care company Alpha IVF Group Bhd ended its maiden day flat at 32 sen after its initial public offering (IPO), the largest ever on the ACE Market, raised RM466.5 million.

Alpha IVF ends flat at 32 sen on ACE Market debut

After a robust debut on the ACE Market with a premium of 17% at 41 sen, freight forwarding and aerospace logistics provider AGX Group Bhd succumbed to selling pressure which saw its share price gains pared down to just one sen, or 2.86% from its initial public offering (IPO) price of 35 sen.

AGX pares gains after robust debut on ACE Market

Metal fabricator Wentel Engineering Holdings Bhd ended its maiden trading day on Tuesday at 28 sen, up two sen or 7.69%, after opening flat on its ACE Market debut at 26 sen.

Wentel Engineering gains over 7% after opening flat on ACE Market debut

Stainless steel products supplier TSA Group Bhd kicked off its ACE Market debut on Bursa Malaysia on Friday by opening at 58 sen, up three sen or 5.5% from its initial public offering (IPO) price of 55 sen.

TSA Group kicks off ACE Market debut with 5.5% gain

Electrical engineering services provider HE Group Bhd made an impressive debut on the ACE Market of Bursa Malaysia on Tuesday by opening at 43 sen, up 15 sen or 53.6% from its initial public offering (IPO) price of 28 sen.

HE Group gains 54% on ACE Market Debut

Taiwan’s incoming president warned his government faces a grim international environment as he finalised his cabinet line-up by appointing key defence and foreign-affairs officials.

Taiwan’s incoming president warns of ‘severe’ challenges for new security team

The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.

His lawyer Chetan Jethwani said that Court of Appeal deputy registrar Muhammad Noor Firdaus Rosli informed the parties of the matter on Thursday morning during case management.

Appellate court grants Muhyiddin five-member bench for review of charges

Shares of YTL Corp Bhd rallied to a new all-time high on Thursday after Hong Leong Investment Bank (HLIB) flagged more upside even after a 42% year-to-date surge.

YTL Corp rallies to new all-time high after HLIB flags more upside

KUALA LUMPUR (April 25): Malaysia requires an annual allocation of at least RM10 billion for the next three years, which is crucial to boost water infrastructure amid below-cost tariffs and high wastage, the National Water Services Commission (SPAN) said on Thursday.

Malaysia needs RM10 bil for next three years to upgrade water infrastructure — SPAN

Vietnamese billionaire Pham Nhat Vuong said on Thursday he planned to invest US$1 billion (RM4.78 billion) more from his own fortune into Nasdaq-listed electric vehicle (EV) maker VinFast, and was considering listings for other companies he controls.

VinFast chief plans to invest US$1b more from his fortune in EV maker

PUTRAJAYA ( April 25): Malaysia’s inflation stayed at 1.8% in March 2024 from a month ago, according to the Department of Statistics Malaysia (DOSM).

Malaysia’s inflation stays at 1.8% in March 2024

Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.

Malaysia is said to mull casino resort to revive Forest City

KUALA LUMPUR (April 25): The Employees Provident Fund (EPF) members, who are below 55 years old, will have an Account 3, in addition to the existing two accounts for their retirement savings, starting May 11.

EPF members under age 55 will have Account 3 starting May 11

(April 25): Goldman Sachs Group Inc plans to hire “steadily” in Asia to cater to the growing number of family offices and super-rich in the region, The Straits Times reported on Thursday.

Goldman plans to add headcount in Asia to woo super wealthy — The Straits Times

SK Hynix Inc said it expects a full recovery in the memory market, led by surging artificial intelligence (AI)-related demand, and lifted its capital spending plans.

AI memory boom propels SK Hynix's fastest sales growth since 2010

KUALA LUMPUR (April 25): The Employees Provident Fund (EPF) members, who are below 55 years old, will have an Account 3, in addition to the existing two accounts for their retirement savings, starting May 11.&nbsp;

Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.

Digital Nasional names senior telco and tech leaders as new directors

Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.

Binance co-founder Changpeng Zhao is facing up to three years in prison, if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.

Friends, family, royalty seek mercy for crypto’s richest man

A made-in-China electric vehicle (EV) will hit US dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 (RM38,228) less.

How Volvo landed a cheap Chinese EV on US shores in a trade war

Shares of YTL Corp Bhd rallied to a new all-time high on Thursday after Hong Leong Investment Bank (HLIB) flagged more upside even after a 42% year-to-date surge.

A disappointing earnings report from Meta Platforms Inc has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.

Meta’s miss sparks fear in tech world with big earnings looming

Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.

Nga's press secretary Pang picked as unity govt's candidate for Kuala Kubu Baharu by-election

KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.

Maybank IB is the first from a total of fi...

Mega First shares likely peaked; Maybank IB the first to downgrade stock

Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.

Axiata, Sinar Mas move closer to US$3.5b telco merger, Bloomberg reports

Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.

Singapore's Keppel profit rises on strong infra, connectivity performance

RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.

Naim Holdings likely to resume its uptrend, says RHB Retail Research 

Benchmark S&amp;P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.

S&P 500 ends higher as markets weigh rising yields, upbeat corporate results

RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.

NationGate is observing technical breakout, says RHB Retail Research 

Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.

Stocks hit by tech slump; yen flails at intervention zone

KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.

Agricore CS Holdings gets Bursa Malaysia nod to list on ACE Market

Visa Inc recently reported impressive fiscal second quarter 2024 results, with net revenue increasing by 10% and payments volume growing by 8%.

Visa's strong earnings may be a troubling sign for US economy — report

Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.

Synergy House may trend higher, says Rakuten Trade

(April 24): Some of the world's largest solar equipment makers asked President Joe Biden's administration on Wednesday to impose tariffs on panels and cells from four Asian countries, to protect billions of dollars in investments in US manufacturing.

US solar panel makers seek import tariffs to protect new domestic factories

PUTRAJAYA ( April 25): Malaysia’s inflation stayed at 1.8% in March 2024 from a month ago, according to the Department of Statistics Malaysia (DOSM).

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