<div class=newsTextDataWrapInner>KUALA LUMPUR (Dec 21): Rakuten Trade said Southern Cable Group Bhd (SCG) is set to resume its uptrend after it pushed above the 39.5 sen resistance, which also coincided&nbsp;with a new 52-week high.</div>

<div class=newsTextDataWrapInner>In a technical view note on Thursday, the research house said the stock also broke out from its two-month downward channel pattern a few candles back, and may see additional strength in the coming sessions.</div>

<div class=newsTextDataWrapInner>“We expect the rising momentum to steer the stock higher and test the next level of resistance at 45 sen (R1) and 50 sen (R2) in the near term.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“On the downside, stop-loss is set at 35 sen, below the 50-day EMA (exponential moving average),” it said.</div>

KUALA LUMPUR (Dec 21): Rakuten Trade said Southern Cable Group Bhd (SCG) is set to resume its uptrend after it pushed above the 39.5 sen resistance, which also coincided with a new 52-week high.

In a technical view note on Thursday, the research house said the stock also broke out ...

Southern Cable set to resume uptrend, says Rakuten Trade 

Donald Trump was found in contempt of court and fined US$9,000 (RM42,885) after the New York judge overseeing his criminal hush-money trial ruled the former president repeatedly blasted key witnesses on social media in violation of a gag order.

Trump fined US$9,000 for violating gag order in New York trial

It was my privilege to have had the opportunity to participate in the Sejahtera Malaysia Forum on April 29, at Le Quadri Hotel, Kuala Lumpur, where the Minister of National Unity Malaysia, Datuk Aaron Ago Dagang, delivered the keynote address alongside distinguished panel speakers such as Dr Kelvin Yii Lee Wuen, MP of Kuching, Faye Lim, founder of The Rojak Projek, and Tan Sri Michael Yeoh, president of the KSI Strategic Institute for the Asia-Pacific. I was struck by the profound depth of our discourse.

Appreciation of history: A pathway to national unity

Logistics solutions provider Tasco Bhd saw its net profit for the financial quarter ended March 31, 2024 (4QFY2024) fell 18% year-on-year, attributable to lower profit reported in its air freight forwarding and ocean freight forwarding divisions, as freight rates fell to pre-pandemic levels.

Tasco’s 4Q profit fell 18% amid lower freight rates; declares 2.35 sen dividend

A pair of traders in Hong Kong have left Societe Generale SA (SocGen) after the French bank discovered a batch of risky bets that went undetected by the firm’s risk-management systems, according to people familiar with the matter.

SocGen traders in Asia exit after options bets go undetected

There have been no discussions between the Terengganu state government and the federal government regarding the proposal to implement public caning for shariah offences in the state.

Public caning: No discussions between Terengganu, federal govts, says Azalina

Malaysia received 5.8 million foreign tourists from January to March this year, which was a growth of 32.5% compared with 4.3 million for the same period last year.

Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing said the top ten tourist-generating markets for Malaysia were Singapore, Indonesia, China, Thailand, Brunei, India, South Korea, Australia, the United Kingdom and the Philippines.

Malaysia received 5.8 mil tourists from January to March this year — Tiong

Duopharma Biotech Bhd has accepted 11 letters of offers from a subsidiary of Pharmaniaga Bhd to supply 86 pharmaceutical and/or non-pharmaceutical products worth RM578.09 million in total, to government offices and facilities that Pharmaniaga operates.

Duopharma secures RM578 mil supply contracts from Pharmaniaga

Rimbunan Sawit Bhd is expecting around 40% increase in its fresh fruit bunches (FFB) production for the current financial year ending Dec 31, 2024 (FY2024) and is anticipating higher crude palm oil (CPO) prices for the year due to growing demand.

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Communications Minister Fahmi Fadzil has slammed Bersatu supreme council member Dr Afif Bahardin for making sexist remarks against Pakatan Harapan’s (PH) Kuala Kubu Baharu (KKB) by-election candidate Pang Sock Tao.

KKB by-election: Fahmi tells Afif not to be a sexist

Police will discuss with the Attorney General this week to determine the next course of action against 10 men who were linked to an Israeli man charged with trafficking in firearms.

Police to meet AG on further action against 10 Sosma detainees linked to Israeli man

The High Court has ruled that the Joint Management Body (JMB) of Centrestage Petaling Jaya had the right to claim certain areas in the development as common areas and not private areas belonging to the developer and the purchaser.

High Court rules that common areas in Centrestage PJ belong to Joint Management Body

KUALA LUMPUR (April 30): Sime Darby Plantation Bhd, the world’s largest palm oil producer by acreage, said on Tuesday that it plans to change its name to SD Guthrie Bhd.

Sime Darby Plantation plans to change name to SD Guthrie

Indonesia is planning to offer dual citizenship to its skilled diaspora as part of efforts to stem a brain drain of local talent.

Indonesia plans to offer dual citizenship to halt brain drain

SEG International Bhd’s (SEGi) group managing managing director and major shareholder Tan Sri Clement Hii has bought out private equity firm Navis Capital Partners Ltd' 20.55% stake in SEGi for RM112.98 million cash — or 45 sen per share — triggering a mandatory takeover offer for the remaining shares in the education group at the same price.

Clement Hii buys out PE fund Navis Capital in SEGi for RM113 mil, triggers mandatory offer

Microsoft will invest US$1.7 billion (RM8.1 billion) over the next four years into expanding cloud services and artificial intelligence in Indonesia, including building data centres, visiting chief executive Satya Nadella said on Tuesday.

Microsoft to invest US$1.7b in cloud, AI in Indonesia, CEO says

Capital A CEO Tan Sri Tony Fernandes said the low-cost carrier, which will soon merge with AirAsia X Bhd (AAX), to incorporate a “sustainability fee soon”.

AirAsia will charge 'sustainability fee soon' in airfares

Ekuiti Nasional Bhd, the state-owned private equity firm also known as Ekuinas, said on Tuesday it has acquired an 80% stake in pharmaceutical ingredients maker Symbiotica Speciality Ingredients Sdn Bhd.

Ekuinas acquires 80% stake in pharma ingredients maker Symbiotica

KUALA LUMPUR (April 30): Stock exchange operator Bursa Malaysia Bhd said on Tuesday that its net profit rose 34% in the first quarter of the year, from a year earlier, thanks to higher trading activity and fees from listings and other services.

Bursa Malaysia’s 1Q net profit surges 34%, optimistic to hit 2024 targets

Oil palm plantation player MKH Oil Palm (East Kalimantan) Bhd (MKHOP) is the second company this year to conclude its maiden trading day on Bursa Malaysia with its share price slipping below its initial public offering (IPO) price.

MKH Oil Palm sinks at close of its Main Market debut

KUALA LUMPUR (April 30): Kucingko Bhd said on Tuesday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, setting it to be the first animation production studio to be listed on the Malaysian stock exchange.&nbsp;

Animation production house Kucingko gets nod from Bursa for ACE Market IPO

GUH Holdings Bhd said on Tuesday its construction division has secured an RM69.49 million contract under the Sungai Rasau water supply scheme project from Gamuda Bhd.

GUH secures RM69.49 mil subcontract job from Gamuda

Iconic Worldwide Bhd’s latest condominium development dubbed Iconic Harmony in Bukit Mertajam, Penang, has been 70% taken up since its official launch on April 22.

Iconic Worldwide achieves 70% take-up rate for Iconic Harmony, announces upcoming plans in Penang

Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on Tuesday, citing the CEO's email to senior managers.

Musk lays off Tesla senior executives in fresh job cuts — report

MKH Oil Palm (East Kalimantan) Bhd (MKHOP), fresh off its Main Market debut on Tuesday, said it has no replanting plans as almost all of its prime mature oil palm trees are over a decade-old.

Main Market debutante MKH Oil Palm says no replanting activities in coming years 

KUALA LUMPUR (April 30): Datuk Seri Najib Razak’s lawyer has sought to address the High Court over Minister of International Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz’s application to seek leave to file his affidavit with regard to the purported addendum order to the Federal Territory Pardons Board’s decision that allegedly allows the former prime minister (Najib) to serve his remaining sentence under house arrest.

Najib’s lawyer seeks to address court on Tengku Zafrul’s leave to file an affidavit

The late Datuk Azlin Alias, who had been former prime minister Datuk Seri Najib Razak's principal private secretary up until his death, had instructed former 1Malaysia Development Bhd’s (1MDB) chief financial officer (CFO) Azmi Tahir to sign off on some funds transfers meant for investments including the multi-billion Tun Razak Exchange project, the High Court heard on Tuesday.

MACC IO in 1MDB-Tanore trial says Azlin told Azmi to sign funds transfer forms

Chin Hin Group-linked Chiau Haw Loon and Chiau Haw Yew have emerged as the second largest shareholder of Ge-Shen Corp Bhd after acquiring a 18.31% stake in the company.

Chin Hin’s Chiau family buys 18.31% in Ge-Shen for RM30.36 mil

<h3>Banking</h3>

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