Supreme Consolidated Resources Bhd (KL:SUPREME) ended its first day of listing with a 22% gain, after the frozen food processor’s initial public offering (IPO) on the ACE Market raised RM17.5 million.

Supreme Consolidated gains 22% at close of ACE Market debut

(Nov 27): Shares of NTPC Green Energy Ltd rallied in their trading debut, driven by investor demand for India’s rapidly expanding renewable power sector, while the country remains among the global hotspots for raising fresh capital.

NTPC Green jumps in Mumbai debut on demand for renewables

SYDNEY (Nov 27): Shares of Chinese courier group SF Holding opened flat on Wednesday in the company's trading debut, after it raised US$749.3 million (RM3.33 billion) in a Hong Kong listing.

China courier group SF Holding's shares open flat in Hong Kong trading debut

KUALA LUMPUR (Nov 15): Shares of Metro Healthcare Bhd (KL:METRO) edged higher on Friday in its trading debut on the ACE Market, after the fertility and maternity specialist raised RM39.16 million from its initial public offering (IPO).

Metro Healthcare ekes out tiny gain on ACE Market debut after RM39 mil IPO

Sabah-based beverage manufacturer Life Water Bhd (KL:LWSABAH) made a strong debut on Bursa Malaysia’s Main Market on Wednesday, closing 44.6% higher at 94 sen or up 29 sen from its initial public offering (IPO) price of 65 sen.

Life Water surges 44.6% on maiden trading day

Sabah-based Azam Jaya Bhd (KL:AZAMJAYA) ended its debut on the Main Market of Bursa Malaysia on Monday with a closing price of RM1.09, a 39.74% or 31 sen rise from its initial public offering price (IPO) of 78 sen.

Azam Jaya surges 40% on Main Market debut

Mega Fortris Bhd (KL:MEGAFB) made a lacklustre debut on Bursa Malaysia on Monday, becoming the fourth company so far this year to close below the initial public offering (IPO) price on the first trading day.

Mega Fortris closes 2.2% below IPO price on Main Market debut

KUALA LUMPUR (Nov 11): Construction firm Azam Jaya Bhd (KL:AZAMJAYA), which debuted on the Main Market of Bursa Malaysia on Monday, said it is eyeing growth beyond its home base, naming Sarawak and Kalimantan as potential markets.

Azam Jaya eyes growth beyond home base, names Sarawak and Kalimantan as potential markets

KUALA LUMPUR (Nov 11): Security seal manufacturer Mega Fortris Bhd (KL:MEGAFB) sees minimal impact from the potential implementation of a blanket tariff of up to 10% on its products in the US, which is currently the group’s second largest market, under President-elect Donald Trump.

Minimal impact on Mega Fortris from potential US tariff hike, says CEO

3REN Bhd (KL:3REN) made an impressive debut on the ACE Market of Bursa Malaysia on Wednesday, with a closing price of 39.5 sen, a 41.07% rise or 11.5 sen higher than its initial public offering price (IPO) of 28 sen.

3REN gains 41% on ACE Market debut

Main Market-bound manufacturer of security seals and tamper evident bags, Mega Fortris Bhd (KL:MEGAFB) booked a net profit of RM8.23 million on a revenue of RM49.16 million for its first quarter ended Sept 30, 2024 (1QFY2025).

Main Market-bound Mega Fortris posts RM8.23 mil profit in 1Q

KUALA LUMPUR (Oct 29): Fortified food and supplement maker OB Holdings Bhd (KL:OBHB) ended 4.17% higher on its ACE Market debut, the same as its opening price when trading kicked off.

OB Holdings ends maiden trading day on Bursa with flat 4.17% gain

KUALA LUMPUR (Oct 29): Fortified food and supplement maker OB Holdings Bhd (KL:OBHB) expects annual production capacity to more than double with the completion of a new factory in Serendah, Selangor.

OB Holdings to more than double production capacity with new factory

Shares of fortified food and supplement maker OB Holdings Bhd (KL:OBHB) rose 4.17% on their ACE Market trading debut on Tuesday.

OB Holdings edges higher on ACE Market debut after RM29 mil IPO

Here is a brief recap of the business news and corporate announcements that made the headlines on Tuesday.

Binastra Corp, Mah Sing, T7 Global, JF Technology, VS Industry, Solarvest Holdings, Magni-Tech Industries

Financially distressed MMAG Holdings Bhd (KL:MMAG) has taken a step forward in its recovery efforts by securing a partnership with Malaysia Airlines Bhd.

MMAG signs deal to serve as MASKargo's exclusive freighter operator

Wall Street's main indexes were subdued in choppy trading on Tuesday after the S&P 500 and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.

Wall Street muted with focus on more data, US Fed commentary

Despite widespread concern that generative AI could interfere with major elections around the globe this year, the technology had limited impact across Meta Platforms' apps, the tech company said on Tuesday.

Meta says gen AI had muted impact on global elections this year

US job openings increased moderately in October while layoffs declined, suggesting the labour market continued to slow in an orderly fashion.

US job openings rise in October, layoffs decrease

Singapore and Australia agreed on Tuesday to seek opportunities for increased access to their respective defence facilities, including more frequent Australian visits to the city-state's air force and navy bases.

Australia, Singapore agree to seek expanded access to their defence facilities

Chinese companies should be wary of buying US chips as they are "no longer safe" and buy locally instead, four of the country's top industry associations said on Tuesday in a rare coordinated response to Washington's curbs on Chinese chipmakers.

US chips are 'no longer safe,' Chinese industry bodies say in latest trade salvo

Investment company Abrdn plc, formerly known as Aberdeen Asset Management plc, has emerged as a substantial shareholder in Feytech Holdings Bhd (KL:FEYTECH), after raising its stake to 5.21% or 43.91 million shares.

Abrdn emerges as substantial shareholder in Feytech

Cloudpoint Technology Bhd (KL:CLOUDPT) said it has secured a RM33.6 million contract to implement advanced integrated service management automation (ISMA) solutions from a local bank.

Cloudpoint Technology bags management automation solutions contract from local bank

The founding couple of FashionValet Sdn Bhd (FashionValet), who have been linked to the investment losses of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB), will be charged at the Kuala Lumpur Sessions Court on Thursday.

FashionValet founders to be charged on Thursday, says MACC chief

Vietnamese tycoon Truong My Lan has lost her appeal against the death sentence handed down in April for masterminding the country’s largest-ever fraud scandal.

Vietnamese tycoon loses death penalty appeal over fraud scandal

China has banned exports to the US of items related to the minerals gallium, germanium and antimony that have potential military applications, its commerce ministry said on Tuesday, a day after Washington's latest crackdown on China's chip sector.

China bans export of key minerals to US as trade frictions escalate

Mah Sing Group Bhd (KL:MAHSING) is acquiring 59.12 acres (23.93 hectares) of prime land in the Pulai district of Johor Bahru for RM62.98 million, which will be developed into super-linked homes with an estimated gross development value (GDV) of RM463 million.

Mah Sing buys Johor Bahru land for township project with GDV of RM463 mil

The Malaysian Meteorological Department (MetMalaysia) has issued a weather warning for thunderstorms, heavy rain and strong winds in eight states, expected to continue until late this afternoon.

In a statement, MetMalaysia said the adverse weather conditions are also forecast to affect the Federal Territories of Kuala Lumpur and Putrajaya.

Thunderstorms, heavy rain, strong winds expected in eight states — MetMalaysia

Analysts have revised their earnings forecasts for Malaysian stocks and trimmed the year-end target for the benchmark FBM KLCI following mixed results across sectors in the July-September quarter (3Q2024).

In a note, UOB Kay Hian has trimmed earnings forecasts for the FBM KLCI by 0.8% for 2024 and 1.7% for 2025, driven by downgrades in the plantation and consumer sectors and weakness in the oil and gas shipping segment.

Analysts revise KLCI growth forecast after mixed 3Q, cut year-end target

Amazon Web Services (AWS) on Monday announced that Mesolitica, a Malaysian startup specialising in training large language models (LLMs), has built a Malay-language generative artificial intelligence (GenAI) LLM called MaLLaM on its cloud services.

The MaLLaM can understand local nuances, such as slang and colloquialisms that merge different dialects, Bahasa Melayu, and 16 other regional languages, for use in AI-assistants across industries.

AWS announces GenAI large language model in Malay built by Malaysian startup on its cloud services

KUALA LUMPUR (Dec 3): JF Technology Bhd (KL:JFTECH) is set to begin selling and distributing its products in the US by January 2025, following a cross-licensing agreement signed with US-based Ironwood Electronics in July.&nbsp;

JF Technology to begin selling in US by January 2025

KUALA LUMPUR (Dec 3): Sime Darby Property Bhd’s (KL:SIMEPROP) two recent launches — JUMPA @ Elmina Valley and Kanopi — have recorded strong take-up rates, according to a media statement by the developer on Friday (Nov 29). &nbsp;

Strong take-ups for Sime Darby Property’s recent launches in Elmina City Centre, Shah Alam

South Korean President Yoon Suk Yeol on Tuesday declared martial law in a surprise late-night TV address, slamming domestic political opponents and sending shockwaves through the country.

South Korea President Yoon declares martial law, slams domestic opponents 

The founding couple of FashionValet Sdn Bhd (FashionValet), who have been linked to the investment losses of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB), will be charged at the Kuala Lumpur Sessions Court on Thursday.

Indonesia is expecting to get a US$1 billion (RM4.47 billion)&nbsp;investment commitment from tech firm&nbsp;Apple&nbsp;Inc&nbsp;in a week, its investment minister said on Tuesday, after the government banned iPhone 16 sales for failing to meet local content rules.

Indonesia expects US$1b investment commitment from Apple in a week, in response to iPhone 16 sales ban

Datuk Seri Najib Razak took aim at Malaysian Anti-Corruption Commission (MACC) investigating officer (IO) Nur Aida Arifin’s testimony, saying that her assertions were “deranged”, “deluded” and coming from someone “unversed” with diplomacy.

Najib: MACC IO deranged, deluded and unversed with diplomacy to suggest I had G2G meeting on yacht 

Lawyer and former de-facto law minister Datuk Zaid Ibrahim said the then Malaysian Bar president Karen Cheah Yee Lynn should have asked him and his partners, Liew Teck Huat and Rueben Mathiavaranam, for their views before issuing a statement on Aug 19, 2022, complaining of their conduct in former prime minister Datuk Seri Najib Razak’s final appeal in the SRC International Sdn Bhd criminal case.

Zaid Ibrahim says past Bar president ‘jumped the gun’ to issue statement against him and law partners

(Dec 3):&nbsp;Oil major Exxon Mobil Corp&nbsp;is considering a sale of its gas stations in Singapore, which could raise about US$1 billion (RM4.46 billion), according to people familiar with the matter.

Exxon said to weigh sale of US$1b Singapore gas stations — Bloomberg

Datuk Seri Najib Razak said that he was not sure how fugitive businessman Low Taek Jho (Jho Low) obtained his personal mobile phone number, but because he was the prime minister back then, many Malaysians would have the phone number.

1MDB-Tanore: Najib unsure how Jho Low obtained his mobile number

Vehicle owners must be more attentive to announcements regarding recall for inspection by the Road Transport Department (JPJ), said Transport Minister Anthony Loke.

Vehicle owners told to take JPJ’s recall announcements seriously 

VS Industry Bhd’s latest quarterly net profit dropped 37.53%, mainly due to lower sales orders from existing customers, unfavourable foreign exchange (forex) rates and higher labour costs as a result of an increase in headcount.

VS Industry’s 1Q net profit drops 38% on lower sales orders; declares 0.4 sen dividend 

NAGA 5, one of six jack-up drilling rigs belonging to Velesto Energy Bhd (KL:VELESTO), is in its 55-day major maintenance programme at a Seatrium Ltd-owned shipyard in Tuas, Singapore.

Another two jack-up rigs, Naga 3 and Naga 8, are scheduled for drying dock in the first half of next y...

Velesto makes hay while upcycle lasts 

AirAsia has launched 27,000 fixed fare tickets for travel from Peninsular Malaysia to Sabah and Sarawak in conjunction with the upcoming Chinese New Year festivities.

AirAsia offers 27,000 fixed fare seats for travel from Peninsular Malaysia to Sabah, Sarawak during CNY

<h2>Notable filings</h2>

During the week of Nov 11 to 15, notable changes in the shareholding of companies listed on Bursa Malaysia included those at Genetec Technology Bhd (KL:GENETEC).

The Employees Provident Fund (EPF) ceased to be a substantial shareholder of the...

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