Shares in Pharmaniaga Bhd fell in early trade on Thursday, after the pharmaceutical group proposed a regularisation plan that consists of a capital reduction exercise, renounceable rights issue of news shares plus private placement, to raise up to RM654.61 million to pare down debts.

Pharmaniaga slips on 3Q net loss, opaque outlook

KUALA LUMPUR (Nov 30): Shares in Supermax Corp Bhd fell 7.77% in the morning session on Thursday, after the glovemaker logged a net loss of RM2.05 million in the first quarter ended Sept 30, 2023 (1QFY2024), marking the group’s fourth straight loss-making quarter, as revenue shrunk amid weaker demand and persistent lower selling prices. Its quarterly loss narrowed from the preceding three quarters.

Supermax slides 7.77% after fourth straight loss-making quarter

Shares in Spritzer Bhd hit a fresh high on Tuesday following the release of its financial results for the third quarter ended Sept 30, 2023 (3QFY2023), which outperformed analysts' estimates.

Spritzer shares hit fresh high after 3Q results beat

KUALA LUMPUR (Nov 28): Dagang NeXchange Bhd (DNeX) shares were among the most briskly-traded stocks on Bursa Malaysia during the Tuesday morning session, after its net profit for its latest quarter tumbled to a three-year low.

DNeX among top actives after quarterly net profit falls to three-year low

Shares of British American Tobacco (Malaysia) Bhd (BAT Malaysia) jumped as much as 43 sen or 4.79%, following the tabling of the revised Control of Smoking Products for Public Health 2023 Bill for its first reading in Dewan Rakyat on Tuesday.

BAT Malaysia jumps over 4% as revised tobacco control bill tabled without smoking ban

Trading of shares in Velesto Energy Bhd stayed muted in the early session on Tuesday, after the company secured an extension of its Naga 8 jack-up rig for 18 months at a daily charter rate (DCR) of US$135,000 (RM630,247.50), which was deemed within expectations.

Velesto shares muted as Carigali Hess contract extension deemed expected

IOI Properties Group Bhd's share price fell 6.36% or 11 sen to an intra-morning low of RM1.62 after it reported a 72.8% decline in its net profit for the first quarter ended Sept 30, 2023 (1QFY2024), owing to an absence of a substantial fair value gain compared with a year ago.

IOI Properties stumbles after 1Q net profit declines, but analysts upbeat on outlook

Oppstar Bhd's share price skidded to its lowest ever to close at RM1.33 on Monday, after its financial results for the first six months ended Sept 30, 2023 (1HFY2024) missed expectations.

Best 2023 IPO performer Oppstar skids to record low after 1H results miss

KUALA LUMPUR (Nov 27): Tenaga Nasional Bhd’s shares retreated in early trade on Monday, after the utilities giant’s latest quarterly results missed analysts’ forecasts, as costs ran above expectations despite higher electricity demand and easing risk over collections from the government.

Tenaga’s shares retreat in early trade after quarterly results miss expectations

Sime Darby Property Bhd was actively traded on Monday morning, after its latest quarterly results beat analysts’ expectations, with the management indicating that the group is on track to surpass RM2.7 billion in sales this year.

Sime Darby Property actively traded after quarterly results beat expectations

Analysts expect MBM Resources Bhd (MBMR) to continue leveraging the strong Perodua sales into the financial year ending Dec 31, 2024 (FY2024), given the high order backlog.

MBM Resources climbs to record high on strong earnings, dividend and solid outlook

Analysts lifted Kossan Rubber Industries Bhd’s target price (TP) after it beat expectations to swing to profit in the third quarter ended Sept 30, 2023 (3QFY2023), on better sales volume expected amid customers' inventory replenishment activities.

Analysts lift Kossan’s target price, earnings outlook, but cite ‘lofty’ valuation

MAA Group Bhd emerged as one of the top gainers, after announcing a plan to divest an 85% stake in its wholly-owned Philippine general insurance business — MAA General Assurance Philippines Inc — to Triple P Philippines Pte Ltd for US$49.3 million (about RM234.86 million) cash.

MAA shares jump 37% in active trade on Philippine general insurance biz stake sale

Boustead Plantations Bhd's (BPlant) share price rose a sen or 0.65% to RM1.54 on Tuesday after Lembaga Tabung Angkatan Tentera (LTAT) issued an unconditional mandatory takeover offer notice last Friday (Nov 10) to acquire the remaining shares it does not own in BPlant for a cash price of RM1.55 per share.

BPlant shares rise to RM1.54 following LTAT's unconditional buyout offer

KKR & Co will pay about US$2.7 billion (RM12.56 billion) in cash to acquire the remaining 37% of Global Atlantic that it doesn’t already own, broadening its bet on insurance to fuel asset and fee growth.

KKR to pay US$2.7b for rest of insurer Global Atlantic

KUALA LUMPUR (Nov 30): The revival of several mega infrastructure projects has provided the much-needed impetus to the Malaysian construction sector, driving the construction stocks index on Bursa Malaysia to a two-year high by 20.74% year-to-date (as of Nov 27), as well as the industry to post stronger growth.

Revival of mega infrastructure projects sparks construction sector growth, sustainability at work

Activity in China’s manufacturing and services sectors shrank in November, adding to expectations for additional government support for the economic recovery, as it struggled to regain steam.

China's factory, services activity shrinks in sign of recovery woes

How many times have we bought a cup of coffee much larger than what we need simply because it was only slightly more expensive? Or looked at our long “to-do” lists and decide that the next course of action would be to take a quick nap?

These are just some of the many behavioural biases ...

My Say: Behavioural interventions: Nudging Malaysia towards retirement adequacy

For two hours on an early February morning, Sunac China Holdings Ltd chief financial officer Gao Xi delivered a tirade against bondholders — hitting the table as he told them the distressed developer had already made its best offer.

China’s shattered property bond market finds hope in Sunac deal

Hong Leong Investment Bank (HLIB) Research has upgraded Kimlun Corp Bhd to a "hold" from a "sell", and raised its target price (TP) to 79 sen from 72 sen, despite the engineering and construction outfit's results for the nine months ended Sept 30, 2023 (9MFY2023) missing expectations.

HLIB Research upgrades Kimlun to 'hold', TP to 79 sen

In a year in which little has gone right in the US bond market, November turned out to be a month for the record books.

Investors frantically bid up the price of Treasuries, agency and mortgage debt, sparking the best month since the 1980s and igniting a powerful pan-markets rally in everything from stocks to credit to emerging markets. Even obscure cryptocurrencies, the sort of speculative, uber-risky assets that struggled when yields were soaring, posted big gains.

Bond market's best month since 1980s sparks cross-asset rally

Elon Musk, the billionaire owner of X, said the advertisers that had stopped spending on the platform due to his endorsement of an antisemitic post can “f——” themselves.

Elon Musk, slinging expletives, says advertiser boycott on X may kill it

WASHINGTON (Nov 29): Henry Kissinger, a controversial Nobel Peace Prize winner and diplomatic powerhouse whose service under two presidents left an indelible mark on US foreign policy, died on Wednesday at age 100, according to his geopolitical consulting firm Kissinger Associates Inc.

Henry Kissinger, American diplomat and Nobel winner, dead at 100

Here is a brief recap of some corporate announcements that made news on Wednesday: Axiata Group Bhd, Cahya Mata Sarawak Bhd, Berjaya Corp Bhd, Mega First Corp Bhd, QL Resources Bhd, Sarawak Oil Palms Bhd, PPB Group Bhd, PJBumi Bhd, Apex Healthcare Bhd, Boustead Heavy Industries Corporation Bhd, FGV Holdings Bhd, Supermax Bhd, Genetec Technology Bhd, Icon Offshore Bhd, Titijaya Land Bhd, Public Bank Bhd, KSL Holdings Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, Pharmaniaga Bhd.

Axiata, CMSB, Berjaya Corp, Mega First, QL Resources, Sarawak Oil Palms, PPB, PJBumi, Apex Healthcare, Boustead Heavy, FGV, Supermax, Genetec, Icon Offshore, Titijaya, Public Bank, KSL, MHB, Pharmaniaga

UEM Sunrise Bhd said its former Canadian unit has been sued for defects in one of its buildings in the mixed residential and commercial use complex located in the province of British Columbia, known as Quintet Tower D.

UEM Sunrise's Canadian unit sued for defects in building

KUALA LUMPUR (Nov 29): Rapid KL has denied a viral post that there was an explosion or fire involving a Mass Rail Transit (MRT) train along the Kajang route this afternoon.

Rapid KL in a statement on Wednesday informed that the incident only involved the sound of a spark from train numb...

Rapid KL denies explosion involving MRT train

Oil and gas (O&amp;G) services provider Velesto Energy Bhd's net profit for the third quarter ended Sept 30, 2023 (3QFY2023) dropped 91.9% to RM1.22 million from RM14.97 million in the corresponding quarter a year ago, despite higher revenue, as it incurred higher operating and finance costs.

Velesto Energy's 3Q profit drops 91%, dragged by higher costs

Malaysia Building Society Bhd’s (MBSB) net profit dropped 44.3% to RM32.84 million or 0.46 sen for the third quarter ended Sept 30, 2023 (3QFY2023), from RM58.96 million or 0.82 sen a year earlier.

MBSB's 3Q net profit down 44% on higher opex, impairment

Analysts lowered their target prices (TPs) for Axiata Group Bhd, after the telecommunications company’s net loss widened to RM797.41 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM52.4 million a year ago, mainly due to asset impairment and lower share of results from subsidiary CelcomDigi Bhd.

Analysts lower target prices for Axiata on wider 3Q net loss, frontier market risks

Shares in Pharmaniaga Bhd fell in early trade on Thursday, after the pharmaceutical group proposed a regularisation plan that consists of a capital reduction exercise, renounceable rights issue of news shares plus private placement, to raise up to RM654.61 million to pare down debts.

Oriental Holdings Bhd's net profit jumped 190.59% to RM297.42 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM102.35 million a year earlier, thanks to a gain from a bargain purchase on step acquisition of RM102.4 million as well as a gain on disposal of its associate of RM116.4 million.

Oriental Holdings 3Q net profit jumps on gain on disposal of associate

KUALA LUMPUR (Nov 30): Shares in Supermax Corp Bhd fell 7.77% in the morning session on Thursday, after the glovemaker logged a net loss of RM2.05 million in the first quarter ended Sept 30, 2023 (1QFY2024), marking the group’s fourth straight loss-making quarter, as revenue shrunk amid weaker demand and persistent lower selling prices. Its quarterly loss narrowed from the preceding three quarters.

Warren Buffett’s Berkshire Hathaway Inc&nbsp;said the billionaire former owner of Pilot Travel Centers sought to influence Pilot executives’ business decisions in order to juice the company’s quarterly earnings and pump up the value of his remaining stake in the truck stop chain.

Buffett's Berkshire says billionaire Haslam promised illicit payments to juice Pilot’s profit

Singapore and Zurich surpassed New York to become the&nbsp;world’s most expensive cities to live in this year, according to a new global survey.

Singapore, Zurich surpass New York to become world’s most expensive cities to live in — survey

MSCI's global equities index crept higher on Wednesday, while Treasury yields fell, as third-quarter data provided encouraging signs for the economy even as US&nbsp;Federal Reserve (Fed) officials provided mixed messages on monetary policy.

Equities gain while Treasury yields fall on data, talk of Fed rate cuts

As a rush of Wall Street strategists call for all-time highs in US stocks in the year ahead, JPMorgan Chase &amp; Co&nbsp;stands apart, releasing the gloomiest forecast so far among its peers.

JPMorgan’s S&P 500 outlook for 2024 is grimmest on Wall Street

US&nbsp;stocks edged lower on Wednesday as a robust upward gross domestic product (GDP) revision eased recession fears, while Federal Reserve (Fed) officials' remarks raised questions about the duration of the central bank's restrictive policy.

S&P 500 ends lower on mixed Fed messages, PCE on deck

Elon Musk, the billionaire owner of X, said the advertisers that had stopped spending on the platform due to his endorsement of an antisemitic post can “f——” themselves.

The Kemaman by-election is crucial to ensure the continued strength of the unity government, and its ability to carry out various efforts to safeguard the welfare of the people, said Prime Minister Datuk Seri Anwar Ibrahim.

Kemaman by-election on Saturday crucial to ensure unity govt's strength, says Anwar

Bursa Malaysia opened lower on Thursday, extending Wednesday's selling activities in most indices, following a mixed performance on Wall Street overnight, a dealer said.&nbsp;

Bursa opens lower following mixed performance on Wall Street

Nvidia Corp chief executive officer Jensen Huang, who runs the semiconductor industry’s most valuable company, said the US is as much as 20 years away from breaking its dependence on overseas chipmaking.

Nvidia CEO says US will take years to achieve chip independence

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&nbsp;suspension. &nbsp;

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

The ringgit opened lower against the US dollar on Thursday, as the greenback climbed, after data showed that the US economy grew faster in the third quarter, amid rising concerns of an early US interest rate cut, said an analyst.

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