<div class=newsTextDataWrapInner>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.</div>

<div class=newsTextDataWrapInner>In a trading stocks note on Tuesday, the research house said the latest bullish momentum may propel the stock towards the next resistance of 27.5 sen, followed by 31 sen.</div>

<div class=newsTextDataWrapInner>“On the other hand, falling below the 21.5 sen support will negate the bullish setup,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>&nbsp;</div>

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...

GFM Services set to propel northwards, says RHB Retail Research 

The Selangor government is currently identifying a new location for the development of a dedicated motorsport racing circuit, the Selangor State Legislative Assembly was told on Thursday.

Selangor looking for new site for motorcycle racing circuit

Energy services firm Kinergy Advancement Bhd (KL:KAB) on Thursday reported a 70% year-on-year (y-o-y) drop in its third-quarter net profit, mainly because operating profit from its sustainable energy solutions (SES) segment fell on the absence of negative goodwill from the acquisition of subsidiaries — or bargain purchase gain — which was reflected in last year's results.

Kinergy’s 3Q net profit falls 70% y-o-y on absence of bargain purchase gain

Deputy Works Minister Datuk Seri Ahmad Maslan said on Thursday that the implementation of the multi-lane free flow (MLFF) toll system is still under "heavy consideration" by the government.

Ahmad Maslan: RM3.5 bil multi-lane free flow project remains under 'heavy consideration' by govt

KUALA LUMPUR (Nov 21): The government’s firm stance in fighting corruption at all levels, including at grassroots, has not only improved the country’s image in terms of the Corruption Perceptions Index (CPI) but has also garnered international recognition, the Dewan Rakyat was told on Thursday.

PM: Qatar seeks Malaysia’s cooperation to design anti-corruption programme for Islamic countries

Fiamma Holdings Bhd (KL:FIAMMA) saw its net profit for the quarter ended Sept 30, 2024 (3QFY2024) decrease by 64.74% on a quarterly basis to RM4.04 million, as its profit before tax (PBT) declined 55.14% in the quarter due to losses at its property development segment.

Additionally, a net loss on the sales of other investments, compared to the net gain recorded in the previous quarter, further contributed to the lower PBT in the current quarter, said Fiamma in Bursa filing on Thursday.

Fiamma Holdings net profit falls 65% on a quarterly basis due to losses from property segment

Datasonic Group Bhd (KL:DSONIC) on Thursday proposed to amend its company constitution to ease the passage of a directors’ written resolution.

Datasonic proposes to amend company constitution to ease passage of resolutions

KUALA LUMPUR (Nov 21): Malaysia has called upon the International Monetary Fund (IMF) and World Trade Organisation (WTO) to reform the global financial architecture to support free trade without discrimination against smaller nations, said Prime Minister Datuk Seri Anwar Ibrahim.

PM: Malaysia proposes changes to global financial architecture for fair trade

Petronas and other stakeholders in Southeast Asia’s energy sector have declared that the sector can play a leading role in the region’s decarbonisation efforts by focusing on reducing methane emissions.

SE Asian energy sector stakeholders focus on reducing methane emissions

Automotive seat maker Feytech Holdings Bhd (KL:FEYTECH) has failed to buy a piece of land in the Klang Valley, resulting in a delay in the construction of its new corporate office with a manufacturing plant and warehouse.

Feytech delays construction of head office, manufacturing plant after land deal fails

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

FBM KLCI down 0.59% to 1,588.68 on Nov 21, 2024

(Nov 21):&nbsp;Dyson Ltd&nbsp;is dialling back its hairdryer-related operations in Malaysia, according to people familiar with the matter who declined to be identified discussing matters that are private, as the consumer goods company seeks to streamline its business in the region.

Dyson dials back Malaysian hairdryer ops, redeploys staff in Johor — Bloomberg

Petronas Chemicals Group Bhd (KL:PCHEM) may be in for tougher days ahead following a massive paper loss that sent the company into the red for the first time ever and prompted analysts to cut their forecasts.

Petronas Chemicals' outlook gloomy, analysts warn amid mounting joint venture losses

Asian equities fell on Thursday after AI darling Nvidia disappointed investors with slower revenue growth expectations, while the dollar firmed and bitcoin hit a record high, buoyed by hopes about US President-elect Donald Trump's policies.

Asian stocks stutter as Nvidia's forecast disappoints

Indian billionaire Gautam Adani has been indicted by US prosecutors for his alleged role in a US$265 million scheme to bribe Indian officials, plunging his conglomerate deep into crisis for the second time in two years.

Indian tycoon Adani charged in US over US$265m bribery scheme, dismisses allegations as ‘baseless’ 

KUALA LUMPUR (Nov 21): Malaysia’s central bank made two unusual changes to the government bond auction calendar by rescheduling a tender set for this month, and scrapping another pencilled in for December.

BNM reschedules govt bond auction, scraps one issue in unusual move

KUALA LUMPUR (Nov 21): Shares of RCE Capital Bhd (KL:RCECAP) fell on Thursday after the company, which mainly provides financing to civil servants, reported weaker than expected quarterly results.

RCE Capital shares fall on Thursday after weaker than expected results

Nvidia forecast its slowest revenue growth in seven quarters on Wednesday, failing to meet lofty expectations of some investors who have made it the world's most valuable firm.

Nvidia's AI chip demand still booming but slowing sales growth worries investors

Property prices in Asia’s major markets are expected to rise over the next year with Hong Kong leading the projected gains, according to Bloomberg Intelligence.

Home prices set to rise in Hong Kong, Singapore, Australia in 2025

Starbucks Corp reduced its US retail workforce by 8% in its most recent fiscal year, even as the coffee chain added hundreds of new locations.&nbsp;

Starbucks shrank retail staff 8% despite hundreds of new stores

Starbucks Corp is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to people with knowledge of the matter.

Starbucks said to consider selling stake in Chinese business

Shares of Adani Group companies lost about US$28 billion (RM125.3 billion) in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

India's Adani Group sees US$30b in value wiped off after US indictments 

Sime Darby Property Bhd (KL:SIMEPROP) on Thursday said that the company is seeking more assets that would generate recurring income for the real estate developer.

Sime Darby Property seeks more assets generating recurring income

China's Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to US restrictions, said two people familiar with the matter.

Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs

PARAMARIBO (Nov 20): Suriname's state-run oil company Staatsolie said on Wednesday that US oil giant ExxonMobil has withdrawn from its offshore block 52, and block operator Petronas Suriname E&amp;P will take over its 50% stake.

Suriname’s Staatsolie says ExxonMobil has withdrawn from offshore block, Petronas’ unit to take over 50% stake

Northern Solar Holdings Bhd has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia.

The solar energy firm said its IPO scheduled to take place in February 2025, entails a public issue of 67.3 million new shares and the sale of 35.6 million existing shares.

All in all, the listing would offer investors up to a 26% stake in the company.

Northern Solar Holdings signs underwriting agreement with M&A Securities

The extended six-year contract signed between the government and Bestinet Sdn Bhd for the Foreign Worker Centralised Management System (FWCMS) could cost the government a minimum of RM3.2 billion, according to a report by the Public Accounts Committee (PAC).

Bestinet contract extension for foreign worker recruitment system could cost govt minimum of RM3.2b, says PAC

The Biden administration told Congress it plans to cancel US$4.65 billion (RM20.8 billion) in debt owed by Ukraine, according to a letter obtained by Bloomberg News, the latest in a series of moves meant to bolster support for Kyiv before President-elect Donald Trump takes office.

Biden administration seeks to cancel US$4.6b of Ukraine’s debt

KUALA LUMPUR (Nov 21): Mah Sing Group Bhd (KL:MAHSING) has unveiled the sales gallery of its RM850-million M Aspira serviced-apartment project in Taman Desa, Kuala Lumpur on Wednesday (Nov 20).&nbsp;

Mah Sing unveils M Aspira sales gallery in Taman Desa

IOI Properties Group Bhd (KL:IOIPG) has officially relaunched the Putrajaya Marriott Hotel in IOI Resort City last week after completing a RM100 million renovation.

Sitting on 6.5 acres of land, the five-star Putrajaya Marriott Hotel is managed by IOI Properties and comprises 487 guest rooms, including 35 exclusive suites. The renovations took place from Feb 2023 till Nov 2024 and were carried out in phases. The massive undertaking focused on the refitting and renewal of its guest rooms, lobby, restaurants and private villa.

IOI Properties relaunches Putrajaya Marriott Hotel after RM100m renovation

Bitcoin hit US$95,000 (RM425,030) for the first time as the digital-asset sector moves to cement its influence with Donald Trump by pushing for a new White House post dedicated to cryptocurrency policy.