<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 30):&nbsp;CGS-CIMB Securities has upgraded Kotra Industries Bhd to “Hold” at RM5.60 with an unchanged target price (TP) of RM5.74, and said Kotra’s 9MFY6/23 core net profit was largely in line with house and consensus estimates.</p></div>

<div class=newsTextDataWrapInner><p>In a note on Monday (May 29), the research house said Kotra’s core net profit rose 4.1% year-on-year in 3QFY6/23 on export sales growth, which was partially offset by lower local sales.</p></div>

<div class=newsTextDataWrapInner><p>“We keep our RM5.74 TP but upgrade to ‘Hold’ after share price correction.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Upside risk: Prolonged drug shortage; Downside risk: higher input costs,” it said.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (May 30): CGS-CIMB Securities has upgraded Kotra Industries Bhd to “Hold” at RM5.60 with an unchanged target price (TP) of RM5.74, and said Kotra’s 9MFY6/23 core net profit was largely in line with house and consensus estimates.

CGS-CIMB upgrades Kotra after share price correction, keeps RM5.74 target price

The leader of one of Georgia's four main opposition parties has been detained by police after being beaten unconscious in the capital Tbilisi, his party said on Wednesday, amid reports of police raids on other opposition parties.

Georgian opposition leader detained by police and beaten unconscious, his party says

Eurozone economic growth could be weaker in the months ahead and the medium term outlook is uncertain with downside risks dominating, European Central Bank president Christine Lagarde said in a parliamentary hearing on Wednesday.

ECB's Lagarde sees weak growth, dominated by downside risks

The flood situation in Kelantan is gradually improving for now, but there is a need to be vigilant for the next wave, said Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad.

Floods in Kelantan recovering — Nik Nazmi

On Nov 18, hours after two communication cables were severed in the Baltic Sea, 30 Nato vessels and 4,000 military staff took to the same body of water for one of northern Europe's largest naval exercises.

As sabotage allegations swirl, Nato struggles to secure Baltic Sea

Sentoria Group Bhd (KL:SNTORIA) said it has triggered Bursa Malaysia's Practice Note 17 (PN17) criteria after its shareholders’ equity fell to 33% of its issued and paid-up capital, based on its just released financial statement for the year ended Sept 30, 2024 (FY2024).

Sentoria triggers PN17 critera

US private payrolls increased at a moderate pace in November, the ADP National Employment Report showed on Wednesday.

US private payrolls gain slightly below expectations in November

Foot Locker Inc’s shares sank after the sneaker chain cut its full-year sales and profit forecasts, citing more discounts and a pullback in consumer spending ahead of the crucial holiday season.

Foot Locker tumbles after sales weakness led to outlook cut

The 11th Malaysia-Singapore Leaders' Retreat, scheduled for Dec 8 to Dec 9 in Malaysia, has been postponed after Singapore Prime Minister Lawrence Wong tested positive for Covid-19 on Tuesday.

Malaysia-Singapore Retreat postponed as Singapore PM contracts Covid-19

A consultant dubbed “Mr Non Compliant”, because he allegedly controlled the flow of bribes at the heart of Trafigura’s trial, believed he was “one of the family”, according to a document shared with the court.

'Mr Non Compliant’ believed he was part of Trafigura ‘family,’ Swiss court hears

South Korean lawmakers submitted a bill on Wednesday to impeach President Yoon Suk Yeol after he declared martial law in the country, a major US ally, before rescinding the decision hours later after a chaotic standoff between parliament and the army.

Parliament rejected Yoon's surprise declaration of martial law, which attempted to ban political activity and censor the media in Asia's fourth largest economy, as armed troops forced their way into the National Assembly building in Seoul.

South Korean president faces impeachment after martial law debacle

<p>A Singaporean couple wanted in connection with a corruption case in Singapore, and who had been on the run for 19 years, were arrested by the Malaysian Anti-Corruption Commission (MACC) on Tuesday.</p>


MACC arrests Singaporean couple who spent 19 years on the run

<p>Shares of Pentamaster Corporation Bhd (KL:PENTA) shot up as much as 22.6% to RM4.23 — a three-month&nbsp;high — after its 63.9%-owned subsidiary Pentamaster International Ltd voluntarily suspended trading of its shares on the Hong Kong Stock Exchange.&nbsp;</p>


Pentamaster shares jump 23% on trading halt of HK unit

<p>Intel has started evaluating a handful of outsiders, including former board member Lip-Bu Tan, for the role of its chief executive officer, after the struggling American chipmaking icon&nbsp;ousted company veteran Pat Gelsinger, according to people familiar with the matter.</p>


Intel evaluating outsiders for CEO role, including M'sia-born ex-board member Lip-Bu Tan — Reuters

<p>KUALA LUMPUR (Dec 4): Prime Minister Datuk Seri Anwar Ibrahim announced that the signing of the Johor-Singapore Special Economic Zone (JS-SEZ) agreement on Dec 9 this year, has been postponed to likely January 2025.</p>


PM: Signing of Johor SEZ agreement with Singapore likely postponed to January next year

<p>The Employees Provident Fund (EPF) has emerged as a substantial shareholder in Mega First Corporation Bhd (KL:MFCB), after raising its direct stake in the utility conglomerate company to 5.99%, comprising 56.54 million shares.</p>


EPF now owns 5.99% stake in Mega First

<p>The construction sector in Malaysia is set to achieve its strongest year since 2016, driven by a surge in project roll-outs from both the public and private sectors, analysts from RHB said.</p>


Construction sector on track for best year since 2016 — RHB

<p>Teleport, the logistics arm of Capital A Bhd (KL:CAPITALA), is expected to close its financial year ending Dec 31, 2024 (FY2024) with a record-high annual revenue of more than RM1 billion, according to its chief executive officer&nbsp;Pete Chareonwongsak.&nbsp;</p>


Capital A’s Teleport set for record FY2024 revenue as daily parcels volume soars

<p>Former prime minister Datuk Seri Najib Razak has denied ever telling then second finance minister Datuk Seri Ahmad Husni Hanadzlah to “not interfere” in matters of 1Malaysia Development Bhd (1MDB), refuting Husni’s claims that he had advised Najib against a US$1 billion joint venture (JV) with PetroSaudi International (PSI).</p>


1MDB-Tanore: Najib expresses disappointment in former second finance minister Husni's testimony against him

<p>Jailed former prime minister Datuk Seri Najib Razak denied on Wednesday he had any personal interests in the PetroSaudi International Ltd (PSI) joint venture (JV), maintaining that what was done in 2009 was for national interests.</p>


Najib: I don’t have personal interests in PSI deals, quizzed Bakke and board over opening of JV account before approval

<p>Public Bank Bhd (KL:PBBANK) said on Wednesday it has completed the acquisition of 175.9 million shares, representing a 44.15% stake, in insurer LPI Capital Bhd (KL:LPI).</p>


Public Bank completes 44.15% stake buy in LPI Capital

<p>Analysts are looking past VS Industry Bhd’s (KL:VS) weak first-quarter results, amid expectations of new sales orders, on top of the RM1.2 billion worth of orders at hand currently.</p>


Analysts look past VS Industry’s 1Q miss on optimism towards new orders

<p>UEM Sunrise Bhd (KL:UEMS) has announced the resignation of its chief executive officer, Sufian Abdullah, which will take effect from Feb 28, 2025.</p>

<p>The property developer said in a statement on Wednesday that Sufian, who was appointed to the post on Feb 2, 2021, had tendered his resignation on Nov 29 to pursue other opportunities. &nbsp;</p>


UEM Sunrise puts Hafizuddin Sulaiman in charge as Sufian Abdullah steps down as CEO

<p>Mitsubishi Corp&nbsp;said it had suffered a loss of more than US$90 million (RM400.77 million) in China, after uncovering suspected fraud by one of its copper traders.</p>


Mitsubishi Corp loses US$90m in suspected copper fraud in China

<p>KUALA LUMPUR (Dec 4): The recent Swiss court decision against PetroSaudi International Ltd (PSI) executives over the 1Malaysia Development Bhd (1MDB) scandal clearly shows that former prime minister Datuk Seri Najib Razak was not implicated in the misappropriation of funds, the court heard on Wednesday.</p>


1MDB-Tanore: Najib cites Swiss judgement against PSI execs, says he is not implicated in fund misappropriation

<p>Former prime minister Datuk Seri Najib Razak said that Datuk Shahrol Azral Ibrahim Halmi should be facing criminal charges like he is, instead of being the star prosecution witness in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial, as Shahrol, as the then chief executive officer of 1MDB, was the one who took steps to transfer US$700 million in 1MDB funds to a sham entity.</p>


Najib: Shahrol too should be in the dock for 1MDB-Tanore

<p>Perusahaan Otomobil Kedua Sdn Bhd (Perodua) aims&nbsp;to produce 500 units per month of an electric vehicle (EV) called eMO-II starting next year.</p>


Perodua set to produce 500 units of eMO-II monthly, aims for cheapest EV

<p>Former prime minister Datuk Seri Najib Razak has once again alluded to the fabrication of his signature in 1Malaysia Development Bhd (1MDB)-related documents implicating him in the multibillion-dollar scandal.</p>


1MDB-Tanore: Najib denies signature in documents, says there's no BOA meeting with Shahrol

<p>Cryptocurrency speculators kept Bitcoin in sight of the landmark US$100,000 (RM444,292) level in anticipation of further steps to support the sector by US President-elect Donald Trump.</p>


Bitcoin churns near US$97,000 as crypto awaits Trump’s next step

<p>Terengganu-based mechanical and engineering services provider Enproserve Group Bhd has filed for an initial public offering (IPO) on Bursa Malaysia’s ACE Market to raise funds for its business expansion.</p>


Engineering services provider Enproserve Group seeking to float shares on ACE Market; to offer 315 mil shares 

<p>TMC Life Sciences Bhd (KL:TMCLIFE) said its suspended CEO, Wan Nadiah Wan Mohd Abdullah Yaakob, has been found guilty of misconduct following a domestic inquiry.</p>

<p>“Pursuant to the said domestic inquiry and upon deliberation by the independent domestic inquiry panel, Puan Nadiah has been found guilty of all five charges of misconduct levelled against her,” TMC told Bursa Malaysia on Wednesday.</p>
