KUALA LUMPUR (Dec 5): TA Securities has upgraded Malaysia Airports Holdings Bhd (MAHB) to “buy” at RM7.08 with an unchanged target price of RM7.85 based on unchanged discount rate of 12%.

In a note on Tuesday, the research house said the recent selling pressure appears overdone.

...

TA Securities upgrades MAHB, says recent selling pressure overdone

PUTRAJAYA (Dec 4): Malaysia and Timor-Leste are looking forward to establishing direct flights connecting major destinations of both countries, to boost tourism and promote cultural exchange.

Malaysia, Timor-Leste to establish direct air links

TA Securities sees a positive outlook for Malaysia Airports Holdings Bhd (MAHB), against the backdrop of the pending signing of a new operation agreement (OA) and the announcement of the new passenger service charge (PSC) for 2024, and the impairment of receivables comprising mainly RM27.4 million from MyAirline suspension.

TA Securities upgrades MAHB to 'hold', raises target price amid strong recovery prospects

Malaysia Airports Holdings Bhd (MAHB) registered a net profit of RM94.76 million in the third quarter ended Sept 30, 2023 (3QFY2023) against a net loss of RM9.04 million in the previous year, on the back of an increase in revenue, other income, and improved share of profits from associates and joint ventures plus lower finance costs.

MAHB posts RM95 mil net profit in 3Q on lower finance costs, higher revenue

Richard Branson has long relished the image of the aviation pioneer, from traversing the Pacific in a hot-air balloon to making space travel available for paying customers.

Now the British billionaire is participating in the first flight of a commercial aircraft across the Atlantic powered entirely by sustainable aviation fuel (SAF), beating arch-rival British Airways to the punch.

Branson’s latest aviation dare reveals airlines’ green challenge

KUALA LUMPUR (Nov 28): National carrier Malaysia Airlines Bhd has launched its year-end sale with ticket prices starting from RM79 to domestic destinations and from RM229 to international destinations, for travellers who book flights between Nov 28 and Dec 11 this year.

Malaysia Airlines launches year-end sale

Malaysia Airports Holdings Bhd (MAHB) recorded a total of 10.2 million passenger movements in October 2023, with 6.8 million (67%) contributed by local operations and 3.3 million (33%) from its asset in Türkiye, namely the Istanbul Sabiha Gokcen International Airport (SAW).

MAHB records strong October performance, achieves 85% of pre-pandemic passenger levels

AirAsia on Monday announced an expansion of its services covering China, India and Malaysia, totalling 230 weekly flights for the first quarter of 2024, with up to 5.2 million seats per year.

AirAsia adds over five million seats for China, India and Malaysia flights in 2024

SEOUL (Nov 27): North Korea warned on Monday that it would continue to exercise its sovereign rights, including through satellite launches, while its troops were reported to be restoring some demolished guard posts on the border with South Korea.

North Korea vows more satellite launches, beefs up military on border

Singapore’s Changi Airport is testing an artificial intelligence (AI)-driven system that could potentially halve time spent on passenger security checks, the Straits Times reported on Sunday.

Singapore’s Changi Airport testing AI security screening to cut time — report

MANILA (Nov 26): Two Chinese fighter jets were monitored "orbiting" a Philippine aircraft participating in patrols with Australia in the South China Sea, but did not cause any untoward incident, Manila said on Sunday.

Chinese fighter jets 'orbit' Philippine patrol aircraft, Manila says

SKS Airways said allegations or insinuations suggesting the company was in crisis due to funding issues are “not only unfounded but also libelous”.

Allegations of funding crisis 'unfounded and libelous', says SKS Airways

Cathay Pacific Airways Ltd said it will report its first annual profit since 2019 as passenger volumes return to near pre-pandemic levels, cementing its financial rebound from the most damaging period in the airline’s history.

Cathay Pacific expects first annual profit since 2019

KUCHING (Nov 23): The Sarawak government is currently conducting due diligence on MASWings Sdn Bhd, in preparation for its acquisition, the Sarawak state legislative assembly was told on Thursday.

Sarawak govt conducting due diligence on MASwings as part of takeover bid — state deputy transport min

The manufacturing and services sectors will continue to be the focus to attract investments next year, as they are the largest contributors to gross domestic product (GDP) of Negeri Sembilan, the State Legislative Assembly was told.

Manufaturing and services sectors under focus to attract investments to N Sembilan, says MB

SoftBank Group Corp’s mobile unit is buying an Irish company that specialises in broadband for cars, placing a bet on smart and driverless vehicle technology in its biggest overseas acquisition since listing.

SoftBank mobile arm buys Irish telco in bet on driverless cars

KUALA LUMPUR (Dec 5): Langkawi Avenue, a commercial project developed by PFCE Integrated Plant & Project Sdn Bhd, is 30% taken up since its official launch last quarter.

Langkawi Avenue is 30% taken up

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (Dec 5)

“I have always found him to be erudite, gracious, and genuinely concerned for the well-being of Malaysians,” said Singapore High Commissioner to Malaysia Vanu Gopala Menon.

These are Menon's observations from his interactions with Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim whose Madani Government will be celebrating its first year at the end of this week. Anwar was sworn in as Malaysia’s 10th Prime Minister on Nov 24, 2022.

Singapore envoy describes Anwar as 'erudite, gracious, and genuinely concerned for the well-being of Malaysians'

IPOH (Dec 5): The Perak and federal governments are currently monitoring and looking into the best method to prevent the theft of outputs from the non-radioactive rare earth element (NR-REE) project in the state by irresponsible parties.

MB: Perak looking at ways to prevent theft of non-radioactive rare earth element outputs

Prime Minister Datuk Seri Anwar Ibrahim on Tuesday described Datuk Seri Dr Ahmad Samsuri Mokhtar’s victory in the Kemaman parliamentary by-election (PRK) last Saturday as something that may ease the country’s political temperature.

Ahmad Samsuri's victory in Kemaman may ease country's political temperature — Anwar

MANY of the country’s development financial institutions (DFIs) and government-linked companies (GLCs) have become too risk averse and are just “cruising”, says Tan Sri Nazir Razak.

“One concern I have of GLCs and DFIs today is that [they] are no longer taking risks. There’s a lot of cr...

Nazir: DFIs and GLCs are just cruising, not taking enough risk

Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said the kingdom won’t agree to a text that calls for the phase-down of fossil fuels at the COP28 summit in Dubai.

Saudi energy minister won’t agree to fossil fuel phase-down

The amount of tax from the special Voluntary Declaration Programme (VDP) 2.0 implemented by the Inland Revenue Board (IRB) of Malaysia and the Royal Malaysian Customs Department (JKDM) that was successfully collected until Oct 31 this year is RM128.85 million.

Total VDP 2.0 tax collection at RM128.85 mil as at October 

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

&nbsp;KUALA LUMPUR (Dec 5): Nvidia Corp chief executive officer Jensen Huang is expected to make his maiden visit to Malaysia this week.&nbsp;

Nvidia boss Jensen Huang to make maiden visit to Malaysia

Kuala Lumpur Kepong Bhd (KLK) secured its first sustainability-linked loan (SLL) of RM500 million for the group’s general working capital requirements from Maybank, marking a significant milestone for both groups in pursuit of their sustainable development practices.

KLK secures RM500 mil sustainability-linked loan from Maybank 

The Attorney General's Chambers (AGC) has discontinued its appeal against senior lawyer Tan Sri Muhammad Shafee Abdullah's acquittal in his money-laundering case involving RM9.5 million allegedly received from imprisoned former prime minister Datuk Seri Najib Razak, as well as making false declarations to the Inland Revenue Board.

Shafee's acquittal stands in RM9.5m money-laundering case as AGC discontinues appeal

MIDF Research has downgraded its stance on the consumer sector to "neutral"&nbsp;from "positive", amid fears that growing inflationary pressures will curtail discretionary spending by households, leading to tighter spending on durable items.&nbsp;

MIDF downgrades consumer sector to 'neutral' amid recession fears, but names QL Resources and F&N as top picks

Public-listed companies (PLCs) in Malaysia will soon have to use the Bursa Malaysia ESG Reporting Platform to comply with mandatory sustainability disclosures set by Bursa Malaysia Securities Bhd.&nbsp;

Bursa Malaysia introduces mandatory ESG reporting platform for PLCs

Doubts over BYD Co’s sales targets and smart-car capabilities drove a US$12 billion (RM56.07 billion) selloff in the Chinese electric-vehicle (EV) maker last month, even as it draws closer to Tesla Inc as the industry’s top seller.

BYD growth status in doubt after US$12 bil selloff

A gauge of global stocks fell for the first time in five sessions on Monday while Treasury yields rose as investors awaited US&nbsp;labour market data to gauge the likely route of the Federal Reserve's rate policy.

Stocks pull back after rally with jobs data eyed, yields climb

KUALA LUMPUR (Dec 5): RHB Retail Research said Muhibbah Engineering (M) Bhd may rebound further, after pushing above the 21-day SMA line while heading towards the 80 sen mark.

In a trading stocks note on Tuesday, the research house said if a breakout above that level happens, the renewe...

Muhibbah Engineering may rebound further, says RHB Retail Research 

Proton Holdings Bhd aims to increase its production volume to 500,000 units by 2035, of which 50% or 250,000 units will be for the export market, according to deputy chief executive officer Roslan Abdullah.

Proton surpasses last year’s sales volume with strong November performance

Telecommunications companies (telcos) are expected to explore internet facilities through satellite to device mobile services, so that it can be easily accessed everywhere, especially for areas that do not have internet access.

Telcos expected to provide internet facilities via satellite directly to devices by 2025, says Fahmi

Communications and Digital Minister Fahmi Fadzil has advised the public not to be duped by scammers providing cash-out&nbsp;of eMadani credit of RM100.

Don't be duped by scammers providing eMadani cash-out, Fahmi warns

Pharmaniaga Bhd, whose share price has fallen more than 40% since the start of the year, is not expected to make further provisions in the future, according to Kenanga Investment Bank Bhd.

Kenanga says no further provisions for Pharmaniaga; FY2024 earnings to rebound to pre-Covid-19 level

Building support services provider KJTS Group Bhd has inked an underwriting agreement with Hong Leong Investment Bank Bhd (HLIB) for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.

KJTS signs underwriting agreement with HLIB for ACE Market listing

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds five entities to Investor Alert List, two being potential clones

Global semiconductor industry sales are projected to reach US$588.4 billion (RM2.75 trillion) in 2024, according to the US-based Semiconductor Industry Association (SIA).

Global semicon sales projected to reach US$588.4 bil in 2024, says SIA

The election results for the Gua Musang parliamentary seat last year, which saw the victory of Mohd Azizi Abu Naim&nbsp;from Parti Pribumi Bersatu Malaysia, stand.

Federal Court dismisses BN's appeal to reinstate Gua Musang election petition

The ringgit opened slightly lower against the US dollar in early trade on Tuesday due to the lack of demand as the US Dollar Index (DXY) continued to strengthen.

Ringgit opens slightly lower against US dollar

Thousands of protesters gathered in New Zealand's city squares, motorway over-bridges and in front of the country's parliament on Tuesday to protest the new government's policies that they believe are racist.

New Zealanders gather across country to protest new policies

KUALA LUMPUR (Dec 5): RHB Retail Research said GFM Services Bhd is set to propel northwards, as it bounced off the previous breakout level of 24 sen on Monday while cementing its uptrend above the rising 21-day SMA line.

In a trading stocks note on Tuesday, the research house said the l...

Aviation

‌
‌

Aviation

‌‌

‌
‌