Analysts are projecting a stronger showing from Sunway Construction Group Berhad (KL:SUNCON) in 4Q2024, driven by significant job progress, especially data centre (DC)-led projects.

Analysts expect stronger 4Q for Sunway Construction

KUALA LUMPUR (Nov 21): E-services provider MyEG Services Bhd’s (KL:MYEG) earnings are expected to continue to be boosted by contributions from its Zetrix-related applications, prompting an earnings upgrade from at least one analyst.

Zetrix-related services to continue to boost MyEG’s earnings — analysts

KUALA LUMPUR (Nov 20): TA Securities downgraded its call on Star Media Group Bhd (KL:STAR) to “sell” from “hold”, after the media group’s latest third quarterly results missed expectations.

TA Securities downgrades Star Media after results miss expectations

SINGAPORE (Nov 19): Shares in Oiltek International Ltd rose to 90.5 Singaporean cents as at 9.46am on Tuesday, 5.23% higher than the 86-cent close the day before, after the company reported a surge in its results in its 3QFY2024 and 9MFY2024 ended Sept 30.

Oiltek’s shares rise after 83.2% y-o-y surge in 3QFY2024 profit after tax

SINGAPORE (Nov 18): Shares of Singapore Exchange surged on Monday morning after an upgrade by Morgan Stanley, citing ongoing efforts to boost the vibrancy of the local bourse.

SGX shares surge following Morgan Stanley’s upgrade to ‘overweight’

Saudi Arabia’s sovereign wealth fund further trimmed its stake in Nintendo Co, deepening a sell-off that began in August.

The Public Investment Fund (PIF) cut its position in the the Kyoto-based games company to 6.3% from 7.5%, according to a filing to Japan’s Finance Ministry. That follows a sale of more than 17 million shares over a six-week period to October.

Saudi sovereign wealth fund trims Nintendo stake again

Analysts raised their earnings forecasts for Heineken Malaysia Bhd (KL:HEIM) after the group posted a better-than-expected core net profit performance in its third-quarter results.

In a note on Wednesday, Maybank raised its earnings estimates by 6%-7% for the financial year ending Dec 31, 2024 (FY2024) to FY2026, and increased its 12-month target price for Heineken Malaysia to RM30.20, up from RM28.20.

Analysts raise earnings forecasts for Heineken after 3Q results beat expectations

KUALA LUMPUR (Nov 13): BIMB Securities has downgraded Hartalega Holdings Bhd (KL:HARTA) to a “sell” call, from a “hold”, after a share price rally.

BIMB Securities downgrades Hartalega to ‘sell’ after price rally

Nissan Motor Co shares jumped the most in 15 years on Tuesday, after an activist investor took a 2.5% stake in the embattled Japanese automaker.

Suntera (Cayman) Ltd, a trustee of ECM Master Fund, was identified as the buyer of the stake in a filing by Nissan. ECM Master Fund was cited in past regulatory filings as being managed by Effissimo Capital Management Pte Ltd, a Singapore-based hedge fund that buys into distressed companies.

Nissan jumps most in 15 years on news 2.5% stake taken by hedge fund-linked firm

DSR Taiko Bhd (KL:DSR), a durian plantation company currently listed on the LEAP Market, said on Tuesday it has been asked to consider transferring its listing to the ACE Market.

Durian planter DSR Taiko mulls transfer to ACE Market

Tesla Inc fans have been reinvigorated by Donald Trump’s presidential triumph. The US stock’s climb has been seemingly unstoppable as investors pile into the shares, confident that a second Trump term will bring windfalls to the Elon Musk-led electric vehicle maker.

Tesla fans go all in driving US$300b rally on Trump win

Alliance Bank Malaysia Bhd (KL:ABMB), whose shares hit an all-time high on Monday, is expected to see decent results for the second quarter ended Sept 30, 2024 (2QFY2025) on the back of robust loan growth and stable net interest margins (NIMs), said Maybank Investment Bank.

Shares of Alliance Bank rose as much as 43 sen or 9.56% to an all-time high of RM4.93 on Monday.

Maybank upgrades Alliance Bank to 'buy', expects decent 2Q

United Overseas Bank Ltd (UOB) led Singapore bank stocks to record highs on Friday after delivering a hefty profit beat, led by wealth and trading gains.

UOB rose more than 9% as it reported third-quarter profit that climbed to S$1.64 billion (US$1.24 billion or RM5.44 billion). The bank also signalled the potential for more returns to investors through a share-buyback programme. Oversea-Chinese Banking Corp’s (OCBC) stock rose almost 2%.

Singapore bank shares surge to records on wealth, trading gains

Genting Singapore Ltd’s shares fell to a two-year low, after analysts downgraded the stock following lacklustre third-quarter results from the firm.

The shares dropped as much as 7.7% to hit the lowest since October 2022, before paring some losses. The company reported a net income of S$79.4 million (US$60 million or RM263.4 million) for the three months ended September, missing estimates by a wide margin.

Genting Singapore shares fall to two-year low on earnings miss

The Selangor State Development Corporation (PKNS) is set to launch about 12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.

PKNS to launch property projects with RM1.5b GDV in 2025

The assistance provided to the people, including the Sumbangan Tunai Rahmah (STR) cash aid, has increased during the first two years of the Madani government's administration, according to Prime Minister Datuk Seri Anwar Ibrahim.

Increased assistance provided to M'sians under Madani govt, says Anwar

The Madani government remains focused on initiatives to develop the country, and will not entertain "trivial" statements that do not contribute to such efforts, said Prime Minister Datuk Seri Anwar Ibrahim.

Govt to disregard 'trivial' statements as it focuses on development — PM

The government is committed to ensuring that the implementation of Madani economic reforms has minimal or no impact on the people in general, said Prime Minister Datuk Seri Anwar Ibrahim.

Malaysians won't be burdened by economic reforms, says Anwar

The Adani Group will respond to bribery allegations levelled by the US after a detailed legal review and once it has secured approvals from its counsel to speak on sub-judice issues.

Adani to respond to US bribery allegations after legal review

Philippine Vice President Sara Duterte said on Saturday she would have President Ferdinand Marcos Jr assassinated if she herself were killed, prompting Marcos' office to vow "immediate proper action".

In widening rift, Sara Duterte says she would have Marcos assassinated if she is killed

The Ministry of Transport has proposed the establishment of a dedicated logistics hub in Nilai or Enstek, Negeri Sembilan, to further bolster Malaysia’s logistics sector.

Loke proposes new logistics hub in Nilai or Enstek

President-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov 5 election victory financial professionals had moved on from rising prices and begun worrying about rising US debt, possible recession, and risks to global trade as among the top threats to the stability of the financial sector, according to a new Federal Reserve (Fed) survey released on Friday.

Fed survey finds inflation fading as a risk next to debt, trade wars

Bitcoin touched a record high on Friday, with its sights set firmly on the US$100,000 (RM446,800) barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration.

Bitcoin at record highs, sets sights on US$100,000

The health of the US consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices.

Black Friday puts consumer spending in market's glare with stocks near records

The government has increased the rooftop solar capacity by another 300MW for the commercial and industrial segment, and by 50MW for households.&nbsp;

Additional rooftop solar quota for M'sian businesses, households

The Ministry of Transport has proposed the establishment of a dedicated logistics hub in Nilai or Enstek, Negeri Sembilan, to further bolster Malaysia’s logistics sector.

When Kumpulan Wang Persaraan (Diperbadankan) (KWAP) was established in 2007, with an initial fund of RM41.9 billion, the federal government’s pension and gratuity obligations stood at a mere RM8.25 billion, just 6.7% of its total operating expenditure (opex).

The pension conundrum: KWAP pushes for thoughtful reform amid growing charges

The corporate earnings reporting season for the July-September quarter comes to a close this week. Among the companies slated to announce their financial results are banking groups Malayan Banking Bhd (KL:MAYBANK), Public Bank Bhd (KL:PBBANK), RHB Bank Bhd (KL:RHBBANK) and Hong Leong Bank Bhd (KL:HLBANK) as well as utility giant Tenaga Nasional Bhd (KL:TENAGA).

The Week Ahead: Spotlight on corporate earnings of banks, Tenaga and Opec+ meeting

Keck Seng (M) Bhd (KL:KSENG) booked an unrealised foreign exchange (forex) loss of RM81.84 million in the third quarter ended Sept 30, 2024 (3QFY2024), which in turn dragged the group into the red.&nbsp;

Unrealised forex loss of RM81.8 mil pulls Keck Seng into the red in 3Q

President-elect Donald Trump on Friday said he will nominate prominent investor&nbsp;Scott Bessent&nbsp;as the US&nbsp;Treasury secretary, a key Cabinet position with vast influence over economic, regulatory and international affairs.

Trump taps tax reform, deregulation advocate Scott Bessent for Treasury

Nvidia&nbsp;chief executive officer Jensen Huang said on Saturday that global collaboration and cooperation in technology will continue, even if the incoming US&nbsp;administration imposes stricter export controls on advanced computing products.

Nvidia CEO says global cooperation in tech will continue under Trump administration

Bitcoin touched a record high on Friday, with its sights set firmly on the US$100,000 (RM446,800) barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a&nbsp;Donald Trump&nbsp;administration.

Philippine Vice President Sara Duterte said on Saturday she would have President Ferdinand Marcos Jr assassinated if she herself were killed, prompting Marcos' office to vow "immediate proper action".

Global&nbsp;stocks registered&nbsp;a strong weekly gain on Friday, while US&nbsp;Treasury yields&nbsp;slipped as&nbsp;markets&nbsp;eyed President-elect&nbsp;Donald Trump's likely policies&nbsp;and their&nbsp;impact on the US&nbsp;economy, even as bitcoin traded near the US$100,000 (RM446,800) threshold.

Stocks notch strong weekly gain, US yields slip as markets eye Trump policies

The Madani government remains focused on initiatives to develop the country, and will not entertain "trivial"&nbsp;statements that do not contribute to such efforts, said Prime Minister Datuk Seri Anwar Ibrahim.

Amazon.com Inc&nbsp;is investing an additional US$4 billion (RM17.87 billion) in artificial intelligence (AI) startup Anthropic, boosting its stake in one of OpenAI’s chief rivals.

Amazon invests additional US$4b in AI firm Anthropic

US&nbsp;bank Citigroup has received approval to establish&nbsp;its regional headquarters in Saudi Arabia's Riyadh, according to an internal memo seen by Reuters on Friday.

Citi granted licence for regional headquarters in Saudi Arabia, memo shows

Prime Minister Datuk Seri Anwar Ibrahim is scheduled to officiate the Two Years of Madani Government (2TM) Programme and the 2024 National Convention on Public Service Reform in the Kuala Lumpur Convention Centre on Saturday.

PM to officiate 'two years of Madani govt' programme, national convention on public service reform on Saturday

The Adani Group will respond to bribery allegations levelled by the US after a detailed legal review and once it has secured approvals from its counsel to speak on sub-judice issues.&nbsp;

President-elect&nbsp;Donald Trump&nbsp;may have campaigned hard against high inflation, but by the time of his Nov&nbsp;5&nbsp;election victory&nbsp;financial professionals had moved on from rising prices and begun worrying about rising US&nbsp;debt, possible recession, and risks to global trade as among the top threats to the stability of the financial sector, according to a new Federal Reserve (Fed) survey released on Friday.

Japanese Prime Minister Shigeru Ishiba’s Cabinet approved a stimulus package that’s slightly bigger than last year’s, as he followed up on a pledge to ramp up support for households and businesses struggling to cope with higher costs.

Japan’s Cabinet approves stimulus in show of progress for Ishiba

The assistance provided to the people, including the Sumbangan Tunai Rahmah (STR) cash aid, has increased during the first two years of the Madani government's administration, according to Prime Minister Datuk Seri Anwar Ibrahim.

As of the end of October, Malaysia’s 5G coverage in populated areas had reached 82.1%, up from 80.2% last year, while internet coverage in populated areas stood at 98.38%, compared with&nbsp;97.07% in 2023.

Malaysia's 5G coverage hit 82.1%, internet access near 100% at end-October — ministry

The government is committed to ensuring that the implementation of Madani economic reforms&nbsp;has minimal or no impact on the people in general, said Prime Minister Datuk Seri Anwar Ibrahim.

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