KUALA LUMPUR (Aug 23): Last Friday's move by the government to further relax Covid-19 restrictions for those fully vaxed, which include dine-ins, should help spur some recovery in stocks such as brewers, consumer staples, food and beverage and mall-based real estate investment trusts, Hong Leong ...

Easing of Covid-19 restrictions may benefit brewers, consumer staples, F&B, retail REITs, says HLIB Research

Profit-taking activities are noticeable ahead of the weekend. Both the FBM KLCI and FBM Small Cap Index were drifting lower, dictated by a lack of buying impetus in the market and uncertainties over the trade war between China and the US continuing to dampen sentiment.

Stocks to Watch: Daya Materials, Perdana Petroleum, Sapura Energy, FGV, MBM Resources

Oil and gas (O&G) counters continue to top the volume list on Bursa Malaysia this morning.

The two big O&G boys, Bumi Armada Bhd and Sapura Energy Bhd topped the most actively traded stocks list.

Stocks to Watch: O&G stocks, London Biscuits, PA Resources

Datuk Seri Najib Razak is set to hear the decision on whether he has to enter his defence in the RM42 million SRC International Sdn Bhd case at 10am, while attending the ongoing 1MDB-Tanore trial today.

Stocks to Watch: Pharmaniaga, Sapura Energy, Velesto, VSTECS, banks

KUALA LUMPUR (Nov 8): Record closes on Wall Street, given the mounting optimism that the US-China trade tension will ease soon, as the two countries have reached an agreement on removing tariffs that have been imposed in phases. Should things pan out as expected, this will augur well for the global economic outlook.

Despite that, the FBM KLCI opened on a soft note at 1,607.09, marginally lower on a rainy morning. The benchmark index, however, is still about six points above 1,600-level currently.

Stocks to watch: Spring Art, Sapura Energy, Pentamaster, Barakah

KUALA LUMPUR (Nov 7): The FBM KLCI remains at above 1,600-level at mid-morning today with minor gains, although most regional bourses are in the red. 

Gadang Bhd’s share price has rebounded recently after a 25% fall from this year’s peak of 90 sen. Interest in the construction stock that has emerged of late, pushes the stock to above 70 sen from the low of around 66 sen-level.

Stocks to watch: Gadang, Green Packet, Destini, London Biscuits

KUALA LUMPUR (Nov 4): Proton Holdings Bhd, in which DRB-Hicom Bhd holds a 50.1% stake, is confident of selling 100,000 cars this year, if not more.

For the January-October 2019 period, Proton had already sold 79,833 units. This is an impressive 46% year-on-year growth g...

Stocks to Watch — DRB-Hicom, Green Packet, Sumatec, Lotte Chemical Titan, Mudajaya

KUALA LUMPUR (March 10): theedgemarkets.com highlighted 15 stocks with momentum at Bursa Malaysia’s afternoon market close today. There were 14 stocks with negative momentum, while one stock displayed positive momentum.

The stock with positive momentum was:
 
REDtone ...

REDtone, Aluminium Co, Ancom, BHS, Chemical Co, Damansara Realty, Ekovest, Global Oriental, Guoco, Hwa Tai, IWCity, KUB, Leweko, Majuperak, PCCS 

SINGAPORE (July 16): Here are some stocks that could move the market this Friday morning:

Singapore Exchange (SGX) says its securities market will open per normal on Friday, after technical glitches forced the market shut from 11.38am on Thursday. Investors can now chec...

SGX, Ezra, Sapphire, First REIT, Singapore Myanmar Investco, China Everbright

SINGAPORE (July 14): Here are some stocks that could move the market this Thursday morning:

Olam International is to issue US$500 million ($674 million) of perpetual capital securities under its US$5 billion Euro Medium Term Note (EMTN) Programme. The securities bear a ...

Olam, Yanlord, SB REIT, CITIC Envirotech, Sim Lian, Duty Free, CMC Infocomm

INGAPORE (July 13): Here are some stocks that could move the market this Wednesday morning:

ST Engineering’s aerospace arm, ST Aerospace, has won $770 million worth of contracts in the second quarter. The projects include airframe cabin interiors maintenance, engine was...

T Engineering, Lifebrandz, OKP, FCL, Vard, Ausgroup

SINGAPORE (July 13): Here are some stocks that could move the market this Wednesday morning:

ST Engineering’s aerospace arm, ST Aerospace, has won $770 million worth of contracts in the second quarter. The projects include airframe cabin interiors maintenance, engine wa...

ST Engineering, Lifebrandz, OKP, FCL, Vard, Ausgroup

SINGAPORE (July 12): Here are some stocks that could move the market this Tuesday morning:

CapitaLand’s serviced residence business unit, The Ascott Limited, is acquiring its first serviced residence in Docklands, Melbourne as part of its A$500 million ($500 million) partnership with Qu...

CapitaLand, GLP, Chiwayland, Sembcorp, Cheung Woh, China Everbright Water

The Enforcement Agency Integrity Commission (EAIC) has formed a special task force to investigate allegations of misconduct involving a medical visa syndicate that has been issuing visas to foreign nationals from several countries.

EAIC forms task force to investigate ‘medical visa’ syndicate 

Prime Minister Keir Starmer believes the sheer “shock and awe of investment” will kick-start Britain’s sluggish economy, but it remains to be seen whether Labour can significantly increase the amount of cash that foreign investors put into UK infrastructure.

Starmer’s ‘shock and awe’ plan looks more like wait and see

The youngest son of Singapore’s first prime minister Lee Kuan Yew is seeking permission from authorities to demolish his late father’s home, in the latest escalation of a bitter feud over the fate of the country’s most high-profile property.

Lee Hsien Loong's brother seeks to demolish late father's home, week after sister's death

The New York Times has sent generative AI startup Perplexity a "cease and desist" notice demanding the company stop using its content, the Wall Street Journal reported on Tuesday.

NYT sends AI start-up Perplexity 'cease and desist' notice over content use — report

MORNING CALL: 15/10/24

(Oct 15): Stellantis NV is hauling employees back to the office, walking back a work-from-home policy after a profit warning prompted a shakeup of the carmaker’s top management.

Stellantis ends work-from-home push after management shakeup

NEWS: Capital A could exit PN17 status by Dec

The world oil market is heading for a sizeable surplus in the new year, the International Energy Agency (IEA) said on Tuesday as it reassured that the agency stood ready to act if needed to cover any supply disruption from Iran.

IEA sees oil surplus looming, reassures on Iran supply risk

A summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI up 0.33% to 1,641.97 on Oct 15, 2024

(Oct 15): China’s cyber security agency again rejected claims by the US and Microsoft Corp from earlier this year that Chinese hackers were behind a high-profile attack on critical American computer networks known as Volt Typhoon.

Chinese cyber agency rejects US hacking claims in new report

SELANGOR Properties Sdn Bhd’s (SPB) prime Jalan Semantan land has been sold to BRDB Developments Sdn Bhd (BRDB), according to an industry source.

The long-vacant 16-storey Wisma Damansara, which was built in 1970, sits on part of that land situated in Damansara Heights, Kuala Lumpur.</p...

BRDB buys Selangor Properties’ prime Jalan Semantan land

Southeast Asia could see higher-than-normal rainfall in the coming months, threatening further disruptions to agriculture, tourism, and industrial output in a region already hit by a series of storms this year.

Typhoon-hit Southeast Asian countries to see rainier end to 2024

Malaysia’s consumer and construction stocks are set to benefit, as the government&nbsp;seeks&nbsp;to boost wages and sustain economic growth with its spending plan for next year.&nbsp;

Prime Minister Datuk Seri Anwar Ibrahim, who doubles as the finance minister, will likely deliver measures to lower the cost of living and several infrastructure projects when he unveils the country’s budget on Friday. Analysts also expect details of plans to&nbsp;remove blanket fuel subsidies&nbsp;and potentially new levies, including a&nbsp;sugar-sweetened beverage tax, to fund an expansionary budget after the prime minister ruled out any near-term&nbsp;re-implementation&nbsp;of the goods and services tax.

A trader’s guide to navigating Budget 2025

Northeast Group Bhd (KL:NE) ended its maiden trading day on the ACE Market at 50.5 sen on Tuesday, a 0.5 sen gain from its initial public offering (IPO) price of 50 sen per share.

Northeast Group gains 0.5 sen from IPO price at close of ACE Market debut

The parliamentary sitting on Tuesday&nbsp;was adjourned&nbsp;to&nbsp;10.30am, as some members of Parliament were caught in floods following heavy rain while on their way to the Parliament building.

Dewan Rakyat sitting delayed as MPs trapped in flood

Capital A Bhd (KL:CAPITALA) said on Tuesday it is confident that the company holding low-cost carrier AirAsia will be able to exit its Practice Note 17 (PN17) status by the end of 2024, earlier than previously expected.

Capital A could exit PN17 status by December, earlier than expected, says CEO

KUALA LUMPUR (Oct 15): Malaysia will likely raise spending in the federal budget for 2025, drawing comfort from robust economic growth that will help the government avoid stretching its finances further.

Budget 2025 to top RM400b for first time as robust growth provides leeway to splurge — survey

Several areas in the capital were inundated on Tuesday morning due to heavy rainfall, with the reading taken at the city centre showing over 114 millimetres (mm) per hour, almost double the normal reading of&nbsp;60mm per hour.

KL areas inundated due to heavy rainfall — DBKL

The US$681 million Mareva injunction imposed on former prime minister Datuk Seri Najib Razak by the High Court (Commercial Division) — before the trial for 1Malaysia Development Bhd (1MDB) and its subsidiaries'&nbsp;US$8 billion suit&nbsp;—&nbsp;continues to stand.

US$681m asset-freezing order upheld as Najib withdraws appeal

China is considering allowing local authorities to issue as much as six trillion yuan (US$853 billion or RM3.64 trillion) in bonds through 2027, mainly to refinance their off-balance-sheet debt, people familiar with the matter said, a key part of the government’s plan to shore up the world’s second-largest economy.

China weighing US$853b debt swap to rescue local govts — Bloomberg

Biden administration officials have discussed capping sales of advanced artificial intelligence (AI)&nbsp;chips from Nvidia Corp&nbsp;and other American companies on a country-specific basis, people familiar with the matter said, a move that would limit some nations’ AI capabilities.

US could cap exports of AI chips from Nvidia and AMD to some countries — Bloomberg

Shares of Critical Holdings Bhd (KL:CHB) rose to their highest in nearly four months on Tuesday, after the engineering company secured a RM63 million mechanical-and-electrical services contract.

Critical Holdings shares climb to four-month high after contract win

Singapore’s former oil tycoon Lim Oon Kuin will be sentenced on Nov 18 for cheating and forgery in a trading scandal that will go into the history books as one of the biggest in the global energy-trading hub.

Singapore seeks to jail O K Lim for 20 years for cheating HSBC

Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5% in September, as China surpassed its&nbsp;record numbers&nbsp;recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday.

Global EV sales up 30.5% in September as China shines, Europe recuperates

KUALA LUMPUR (Oct 13): Prime Minister Datuk Seri Anwar Ibrahim has denied allegations of interfering in graft investigations involving his former political aide Farhash Wafa Salvador, as reported by Bloomberg.

Anwar denies interfering in graft probe involving former political aide

Khazanah Nasional Bhd media adviser Datuk Seri Mohammed Shazalli Ramly has been appointed as media and strategic communications adviser to the Prime Minister's Office (PMO) effective Monday.

Shazalli Ramly appointed PMO media and strategic communications adviser

Malaysia will continue to explore for oil and gas within its waters in the disputed South China Sea despite protests from China, Prime Minister Datuk Seri Anwar Ibrahim reiterated on Tuesday.

Anwar told the lower house of Parliament that exploration activities by national oil and gas company Petroliam Nasional Bhd, or Petronas, will continue, including at the massive Kasawari gas field offshore Sarawak.&nbsp;

Malaysia to continue South China Sea oil exploration despite China’s protests — Anwar

European shares and US futures were little changed on Tuesday after Wall Street scaled record highs overnight, while oil prices dropped on a report that Israel will refrain from striking Iranian energy targets.

European stocks steady after Wall Street record, oil prices slump 

(Oct 15):&nbsp;Tesla Inc&nbsp;used humans to remotely control some capabilities of its Optimus robot prototypes at a recent event designed to generate investor enthusiasm for forthcoming products, according to people familiar with the matter.

Tesla Optimus bots were remotely operated at Cybercab event

Malaysia Aviation Group Bhd (MAG), the parent company of Malaysia Airlines Bhd, said delivery of its first of 20 Airbus A330neo wide-body aircraft has been delayed for a second time due to findings identified by the European aircraft maker during the flight line stage.

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