<div class=newsTextDataWrapInner>KUALA LUMPUR (April 4): Hong Leong Investment Bank (HLIB) Research has valued CWG Holdings Bhd at 45 sen and said CWG's earnings have bottomed out and are poised for a strong rebound in the financial year 2023 (FY2023) to FY2024, given the easing freight rate and a less competitive landscape following the Covid-19 industry washout that has resulted in increased export sales.</div>

<div class=newsTextDataWrapInner>In a note on Tuesday (April 4), the research house said that in the long run, CWG’s sales is envisaged to grow alongside the global literacy wave, with promising growth potentials in the Arab world, South Asia, and Sub-Saharan Africa, where adult literacy rates remain below the global average and are increasing at a faster pace.</div>

<div class=newsTextDataWrapInner>“We are projecting CWG’s core net profit to grow at a strong [forecasted] FY2022-FY2024 CAGR (compound annual growth rate) of 59%.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“We value CWG at 45 sen based on 13.5 times price-earnings on forecasted FY2023 earnings,” it said.</div>

Hong Leong Investment Bank (HLIB) Research has valued CWG Holdings Bhd at 45 sen and said CWG's earnings have bottomed out and are poised for a strong rebound in the financial year 2023 (FY2023) to FY2024, given the easing freight rate and a less competitive landscape following the Covid-19 industry washout that has resulted in increased export sales.

CWG poised for strong rebound in FY2023-FY2024, says HLIB

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.

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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.

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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.

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

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

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 97.07% in 2023.

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

Lattice Semiconductor Corp is considering making an offer for all of Intel Corp’s Altera, people familiar with the matter said, in a twist that could complicate the chip giant’s plans to sell a minority stake in the unit.

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

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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).

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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).

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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.

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.

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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

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.

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

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.

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.

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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".

UK retail sales declined more than expected in October, as uncertainty over Chancellor of the Exchequer Rachel Reeves first budget prompted consumers to hold back spending.

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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.

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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 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;

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.

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.

Saudi Arabia’s sovereign rating was upgraded by Moody’s Ratings for the first time since the company first assessed the kingdom in 2016.

The rating&nbsp;company took the kingdom’s creditworthiness up a notch to Aa3, its fourth-highest grade, according to a statement on Friday. The Moody’s rating is now above those of Fitch Ratings and S&amp;P Global Ratings.&nbsp;

Saudi Arabia’s rating upgraded by Moody’s for first time

The health of the US&nbsp;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.