<div class=newsTextDataWrapInner>KUALA LUMPUR (Dec 28): RHB Retail Research said Minox International Group Bhd is set to eyeing for an uptrend reversal after bouncing off the 21-day simple moving average (SMA) line, testing the 29.5 sen immediate resistance level on Wednesday.</div>

<div class=newsTextDataWrapInner>In a trading stocks note on Thursday, the research house said that if a breakout happens, the stock may rebound strongly towards the 33.5 sen resistance, followed by the all-time high of 38.5 sen.</div>

<div class=newsTextDataWrapInner>“On the flip side, a drop below the 26.5 sen support would indicate a potential downtrend, beneath the SMA line,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

RHB Retail Research said Minox International Group Bhd is set to eyeing for an uptrend reversal after bouncing off the 21-day simple moving average (SMA) line, testing the 29.5 sen immediate resistance level on Wednesday.

Minox set for an uptrend reversal, says RHB Retail Research

Construction and engineering company LFE Corp Bhd (KL:LFECORP) said on Wednesday that it has secured a related-party construction contract worth RM81.71 million.

The contract was awarded to its wholly owned unit, LFE Engineering Sdn Bhd, by Puncakcity Development Sdn Bhd, said LFE Corp in a bourse filing on Wednesday.

LFE Corp secures related-party construction contract

European short-dated bonds rallied as traders added to wagers that the European Central Bank (ECB) will lower interest rates by half a percentage point in December, in a bid to prop up the bloc’s flagging economy.

European bonds rally as traders add to bets on big ECB rate cut

Keyfield International Bhd (KL:KEYFIELD) said it has filed for a sukuk wakalah programme of up to RM1 billion with the Securities Commission  Malaysia (SC) to raise funds for investments, capital expenditure and working capital requirements.

"Keyfield intends to utilise the proceeds for oil and gas and non-oil and gas offshore works, and/or to support other maritime-related services," the offshore support and accommodation vessels group said in a statement on Wednesday.

Keyfield International establishes RM1 bil sukuk programme

Malaysia is eager to strengthen its regional partnership as it takes the chair of Asean next year said Minister of Tourism, Arts and Culture (Motac) Datuk Seri Tiong King Sing.

Tiong said through the partnership, it will enhance collaborative tourism initiatives, promote greater connectivity and economic growth throughout Southeast Asia.

Chair of Asean: Malaysia earnest to strengthen regional partnership — Tiong

The rapid development of Malaysia’s energy transition, especially green and renewable energy and the overall energy market, has attracted the interest of the Japan Bank for International Cooperation (JBIC).

Rapid development of Malaysia's energy transition drawn interest of Japan's JBIC, says Fadillah

TAS Offshore Bhd (KL:TAS) has secured shipbuilding contracts for eight units of tugboats worth about RM49.1 million.

TAS Offshore secures RM49 mil shipbuilding contracts

Shares of McDonald's fell nearly 6% in pre-market trading on Wednesday after an E. coli outbreak linked to the restaurant chain's Quarter Pounder hamburgers resulted in the death of one person and sickened 49 people in the US.

McDonald's shares slide as E coli outbreak tied to Quarter Pounder kills one in US

Nvidia CEO Jensen Huang said on Wednesday a design flaw with its latest Blackwell AI chips which impacted production has been fixed with the help of longtime Taiwanese manufacturing partner TSMC.

Nvidia's design flaw with Blackwell AI chips now fixed, CEO says

The Audit Oversight Board (AOB) of the Securities Commission Malaysia (SC) has imposed a one-year ban on Sathiea Seelean Manickam, prohibiting him from auditing public interest entities or scheduled funds.

The ban, starting from Tuesday, is accompanied by a fine of RM87,500, according to a statement on Wednesday.

SC's AOB bans auditor for one year, fines RM87,500

The government should consider including charging stations as national grid assets to support the potential increase in electric vehicles (EVs) in Malaysia, said Puchong Member of Parliament Yeo Bee Yin.

Govt urged to list EV charging stations as national grid asset

Shopping malls under Pavilion Real Estate Investment Trust (KL:PAVREIT) and KLCC Stapled Group (KL:KLCC) still reign supreme in the luxury market even after The Exchange TRX Mall opened to much fanfare, said Kenanga Investment Bank.

Pavilion, KLCC still reign supreme in luxury shopping as TRX Mall fails to stir market — Kenanga

The High Court has clarified that Supermax Corp Bhd (KL:SUPERMX) should be excluded from an earlier order to freeze the assets of glove entrepreneur Datuk Seri Stanley Thai in his divorce dispute.

Court clarifies freeze on Stanley Thai’s assets should exclude Supermax, one bank account

HOVID Bhd’s flagship Ho Yan Hor tea may help cool the body and soothe “heatiness”, but it appears the temperature is rising in the boardroom of the Ipoh-based pharmaceutical company.

A tussle is brewing between two major shareholders — Hovid managing director and chairman David Ho Sue S...

Shareholder fight brewing at herbal tea purveyor Hovid

Three companies had met all the requirements to participate in the online bidding on June 16, 2024 for a pilot project to supply renewable energy (RE) across borders to Singapore via Energy Exchange Malaysia (ENEGEM).

The Ministry of Energy Transition and Water Transformation (PETRA) said that two Singaporean companies were successful in their bid to secure 100 megawatts (MW) of green electricity, with cross-border supply agreements currently being finalised.

Three companies qualify for online bid to supply renewable energy

HSBC Holdings Plc warned it will likely cut senior manager jobs as the lender embarks on one of its biggest restructuring.

HSBC warns it will cut senior manager roles in revamp 

Palm oil — the world’s most widely used vegetable oil — rallied to the highest level in more than two years as supply woes persist, rekindling concerns about rising consumer food costs.

Futures surged as much as 2.6% in Kuala Lumpur on Wednesday to RM4,500 a metric ton, the highest since July 2022. That extends this year’s rally to more than 20% amid tight supplies in the biggest growers and strong demand for some other edible oils.

Palm oil reaches highest since 2022, adding to food price risks

Analysts have raised their earnings forecasts and target prices (TPs) after Gamuda Bhd (KL:GAMUDA) grew its order book to RM28.7 billion after securing a NT$32 billion (RM4.3 billion) contract for the Xizhi Donghu Mass Rapid Transit (MRT) project in Taiwan.

Gamuda boosts order book to RM28.7b with Taiwan MRT win, analysts raise earnings forecasts

Capital A Bhd (KL:CAPITALA) said it had terminated an agreement with Aetherium Acquisition Corp meant to pave the way for it to inject its AirAsia brand management business into the Nasdaq-listed special purpose acquisition company (SPAC) for US$1.15 billion (RM5.0&nbsp;billion).

Capital A calls off US$1.15b brand management biz injection into Nasdaq-listed SPAC

A group of investors and creditors led by a businesswoman have applied to the High Court here for a stay of a court mandated meeting for ACE Credit Sdn Bhd, a subsidiary of ACE Holdings Bhd.

Investors, creditors want to halt court-convened meeting of ACE Credit

Even if it is against the state's interest, the land title for the Duta enclave — the 263.27-acre (106.54-hectare) land in Mukim Batu that currently hoses various government complexes and facilities — has to be transferred back to Semantan Estate (1952) Sdn Bhd as it is the right thing to do, according to the High Court judge who directed that the deed be done.

Duta enclave land title has to be restored to Semantan Estate as it's the right thing to do, says judge

Gold prices hit record highs on Wednesday, defying the dollar's rise, which kept pressure on the yen and the euro, while global stocks edged lower on investors' reluctance to place major bets ahead of the US election in two weeks.

Gold glitters as US election nerves grow, strong dollar dents stocks

The glove industry is poised for a positive outlook despite cost pressures brought on by measures in Budget 2025, said CIMB Securities in a statement on Wednesday.

CIMB positive glove industry can pass on cost increases to consumers

A total of 7,400 companies have adopted the e-invoice system, with 58 million e-invoices issued as of Oct 14, according to the Ministry of Finance (MOF).

This reflects the positive reception among companies in complying with the implementation of e-invoicing, the ministry said.

7,400 companies using e-invoice system, 58 mil e-invoices issued as at Oct 14 — MOF

Sabah-based construction outfit Azam Jaya Bhd, which is listing on Bursa Malaysia's Main Market at 78 sen per share, has a fair value of RM1.54 apiece, said TA Securities.

TA Securities ascribes RM1.54 fair value to Main Market-bound construction firm Azam Jaya

The government is in the process of finalising sustainable development guidelines for data centres, which will become one of the conditions for applying for government incentives.

Guidelines on data centres' usage of power and water to become a requirement for incentives — Zafrul

Malaysia is considering placing hotels under federal regulations, as their operations currently fall under the jurisdiction of state governments, the tourism minister said on Wednesday.

Malaysia could place hotels under federal regulations — tourism minister

Arm Holdings plc is cancelling a licence that allowed longtime partner Qualcomm Inc to use Arm intellectual property to design chips, escalating a legal dispute over vital smartphone technology.

Arm to cancel Qualcomm chip design licence in escalation of feud

Glomac Bhd (KL:GLOMAC) is currently in talks with respective parties to venture into the waste-to-energy business,&nbsp;as part of its plan to seek new sources of revenue, according to group managing director and chief executive officer Datuk Seri FD Iskandar Mohamed Mansor.

Glomac in talks to venture into waste-to-energy business

Japan’s 40-year government bond yield climbed to its highest level in 16 years amid growing speculation that the nation’s central bank will push ahead with interest rate increases in coming months.

Japan’s 40-year yield rises to highest since 2008 on BOJ outlook

Top financial regulators around the globe are voicing concern about private credit valuations, whether lenders are hiding troubled loans, and the deep entanglement between private markets and insurance money.