<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 

UWC Bhd's (KL:UWC) net profit rose 49.2% to RM6.5 million in the first quarter ended Oct 31, 2024 (1QFY2025) from RM4.35 million a year ago, lifted by increasing orders from the semiconductor industry. 

Contributions from its acquired subsidiaries, MCE Technologies Sdn Bhd (MCET) and MCT (Thailand) Co Ltd, also add to the earnings.

UWC's net profit rises 49% as revenue nearly doubles on increased semiconductor orders 

United Malacca Bhd's (KL:UMCCA) net profit more than doubled for its second quarter of August-October, driven by higher average crude palm oil (CPO) and palm kernel (PK) prices.

United Malacca's net profit more than doubles to RM30.9 mil, its highest in four years

KUALA LUMPUR (Dec 19): Catcha Digital Bhd (KL:CATCHA) has announced its acquisition of a 70% stake in Tastefully Malaysia Sdn Bhd for RM7.6 million cash, to strengthen its position in the integrated digital and offline advertising space.

In a bourse filing on Thursday, Catcha Digital sa...

Catcha Digital acquires 70% stake in Tastefully to tap into consumer food expo sector

Romania’s political crisis deepened after the largest pro-European party abruptly withdrew from negotiations to form a coalition, opening the prospect of a weaker government to tackle the European Union’s (EU) widest budget deficit. The country’s stocks plunged.

Romania’s ruling party abruptly quits pro-EU coalition talks

NEWS: Loke: M’sia Airlines still has room for improvement

Smile-Link Healthcare Global Bhd (KL:SMILE), a LEAP Market-listed dental services provider, said its major shareholder has proposed to remove its external auditors, Messrs HLB Ler Lum Chew, following significant delays in the company's financial reporting, which have led to trading suspensions and regulatory scrutiny.

Smile-Link major shareholder seeks removal of external auditor amid financial reporting delays

India is preparing to offer tariffs cuts on some farm and other goods mainly imported from the US, aiming to clinch a broader trade and investment deal once president-elect Donald Trump takes charge, government and industry sources in New Delhi said.

To tackle Trump's threat of a "reciprocal tax" on Indian goods for high tariffs, some officials of the Indian commerce ministry are ready to consider cuts on certain products such as pork, a senior government source said. Currently India slaps about a 45% import tariff on pork, which is mostly supplied by the US.

India gears up for a potential trade deal as Trump targets China, say government sources

The US Federal Reserve’s (US Fed) intent to adopt a slower pace of interest rate easing in 2025 is expected to prompt slight downward pressure on the domestic market, analysts said.

US Fed’s hawkish pivot ‘slightly negative’ for Malaysian market, analysts say

Russian President Vladimir Putin said on Thursday that Russia had not been defeated in Syria and that Moscow had made proposals to the new rulers in Damascus to maintain Russia's military bases there.

Putin denies Russian defeat in Syria, says he plans to meet Assad

KUALA LUMPUR (Dec 19): Aluminium products maker Winstar Capital Bhd (KL:WINSTAR) rose 45.7% on its ACE Market trading debut on Thursday.

Winstar Capital rises over 45% on ACE Market debut

The Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group (M) Bhd (KL:MRDIY) shook off a wobbly start to rise on its stock market debut on Thursday.

Indonesian arm of Mr DIY climbs on market debut

Datin Seri Rosmah Mansor has been granted a full acquittal in her RM7.1 million money-laundering and tax evasion case.&nbsp;

Rosmah acquitted in RM7.1m money-laundering and tax evasion case

Shares of YTL Corporation Bhd (KL:YTL) and its associate YTL Power International Bhd (KL:YTLPOWR) soared in early trade on Thursday, a day after YTL Power said the Malaysian Anti-Corruption Commission (MACC) has cleared the group of any wrongdoing in the 1BestariNet project.

YTL Corp, YTL Power soar in early trade after MACC clears subsidiary of wrongdoing in 1BestariNet project

KUALA LUMPUR (Dec 19): Aluminium products maker Winstar Capital Bhd (KL:WINSTAR) rose 45.7% on its ACE Market trading debut on Thursday.

Companies that spent billions on poorly timed acquisitions in recent years are now offloading those assets at knockdown prices. 
&nbsp; 
Alibaba Group Holding Ltd announced on Tuesday it’s going to sell Chinese department-store chain Intime to a local apparel group for US$1 billion (RM4.47 billion).

Companies that spent billions on M&A are now selling for peanuts

Shares of Malaysian Resources Corporation Bhd (KL:MRCB) slipped to a four-month low in early trade after the group was said to have withdrawn from the Berjaya Group-led consortium vying for the Kuala Lumpur-Singapore high-speed rail (HSR) project.

MRCB slips to four-month low after group was said to have withdrawn from HSR-bidding consortium

Property developer Mah Sing Group Bhd (KL:MAHSING) has acquired 5.99 acres of land in Taman Pelangi, Johor, from S P Setia Bhd (KL:SPSETIA) for RM156.8 million to develop a premium serviced apartment project.

Mah Sing acquires Johor land from S P Setia for RM157 mil

KUALA LUMPUR (Dec 19): Datin Seri Rosmah Mansor has pronounced the court’s decision to acquit her of all 17 charges in her money-laundering and tax evasion case as “justice”.

Rosmah celebrates acquittal: ‘This is what I call justice’

High Court judge Wan Muhammad Amin Wan Yahya has taken over a civil suit against former prime minister Datuk Seri Najib Razak's wife, Datin Seri Rosmah Mansor, and a Singaporean woman, Shabnam Naraindas Daswani, involving the purchase of luxury goods using funds allegedly diverted from 1Malaysia Development Bhd (1MDB).

Third judge takes over 1MDB's US$346 mil suit against Rosmah and Singaporean woman

KUALA LUMPUR (Dec 19): The Malaysian Anti-Corruption Commission (MACC) has announced that no charges will be filed against any parties involved in the 1BestariNet project tender under the Ministry of Education (MOE).

No charges filed in 1BestariNet tender investigation, says MACC

The costly truth about US government shutdowns: They don’t save taxpayers a dime.

Trump, Musk threaten government shutdown. Here’s what that costs

The government’s proposal to introduce a Diagnostic-Related Group (DRG) payment system to regulate private healthcare costs may face significant challenges and feasibility issues, according to Hong Leong Investment Bank (HLIB).

Govt's proposed DRG payment system may face challenges — HLIB

UEM Group Bhd, the wholly-owned infrastructure arm of Khazanah Nasional Bhd, has been silent for a long time.

Some in the diversified group say the last time it gave an interview to the media was when Datuk Mohd Izzaddin Idris was at the helm. He left in October 2018, after holding the ...

Cover Story: Sleeping Giant UEM Group Stirs

KUALA LUMPUR (Dec 19): Aluminium products maker Winstar Capital Bhd (KL:WINSTAR) is expecting sales to grow in 2025, with the removal of China’s export tax rebates for aluminium products, and the upcoming implementation of the fifth iteration of Malaysia’s large scale solar programme (LSS5).

Winstar eyes sales growth amid China tax shift, LSS5 opportunities

(Dec 19):&nbsp;Global investors are looking to Southeast Asia for some shelter, as they brace for uncertainties surrounding Donald Trump’s trade policies, boosting prospects for the region’s stocks in the coming year.

Southeast Asian stocks to offer shelter amid Trump threat — analysts

BENGALURU (Dec 18): Micron Technology&nbsp;forecast quarterly revenue and profit below Wall Street estimates on Wednesday, sending shares lower as weak demand for consumer-centric products such as personal computers and smartphones impacts the chipmaker's business.

Micron shares tumble as quarterly forecast signals sluggish consumer demand

KUALA LUMPUR (Dec 19): Catcha Digital Bhd (KL:CATCHA) has announced its acquisition of a 70% stake in Tastefully Malaysia Sdn Bhd for RM7.6 million cash, to strengthen its position in the integrated digital and offline advertising space.

In a bourse filing on Thursday, Catcha Digital sa...

Analysts expect Scientex Bhd (KL:SCIENTX) to see better earnings from the property division moving forward, which will offset any shortfall and challenges at its packaging manufacturing segment.

Analysts expect Scientex's property division to see better earnings amid challenges at packaging segment

Indonesia will increase its export levy for crude palm oil (CPO) to 10% from the current 7.5% to finance higher biodiesel subsidies, its chief economic minister said on Thursday.

Indonesia to hike crude palm oil export levy to 10%

There is noticeable shift towards local fast-moving consumer goods amid prolonged boycott of international brands following the Israel-Gaza conflict, according to Hong Leong Investment Bank (HLIB).