<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 5): RHB Retail Research said Samaiden Group Bhd is in a position for an uptrend reversal, as it rebounded above the immediate resistance level of RM1.15 on strong trading volume.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note on Friday, the research house said that as it is riding above the 21-day simple moving average line amid the “higher high” bullish pattern, we expect a follow-through price action to test the next resistance of RM1.22, followed by the recent high of RM1.30.</p></div>

<div class=newsTextDataWrapInner><p>“Meanwhile, falling&nbsp;below the RM1.10 psychological support would lead to its direction shifting downwards,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

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RHB Retail Research said Samaiden Group Bhd is in a position for an uptrend reversal, as it rebounded above the immediate resistance level of RM1.15 on strong trading volume.

Samaiden positioned for uptrend reversal, says RHB Retail Research

(May 12): The US and China will temporarily lower tariffs on each other’s products, according to a joint statement, in a move to cool trade tensions and give the world’s two largest economies three more months to resolve their differences.

US, China agree to lower tariffs in 90-day cool-off period

(May 12): Shares of pharmaceutical companies fell across Europe and Asia, after US President Donald Trump said he planned to order a cut in US prescription drug costs to bring them in line with other countries.

Pharmaceutical stocks tumble on Trump’s plan to cut US drug prices

KUALA LUMPUR (May 12): This year’s Wesak Day celebration was marked with vibrant and harmonious gatherings, as Buddhist devotees filled temples nationwide to observe religious rites.

Harmonious and devout Wesak Day celebrations held nationwide

Exsim Group is looking to launch projects with a estimated combined gross development value (GDV) of RM5 billion across the country this year, its corporate affairs and branding director Michelle Siew tells City & Country.

One of the projects to be launched is the ninth pha...

Cover Story: Exsim to unveil The Aldenz serviced apartments in Sentral Damansara in June

THE drop in oil price to nearly US$60 per barrel (bbl) in April has put the spotlight back on earnings of national oil and gas firm Petroliam Nasional Bhd (Petronas).

The price decline followed three good years. With oil prices above the industry sweet spot of US$70 to US$80/bbl between...

The State of the Nation: Focus on Petronas’ earnings as oil hits three-year low 

KUALA LUMPUR (May 12): Prime Minister Datuk Seri Anwar Ibrahim will make an official visit to Russia from May 13 to 16 — starting in Moscow from May 13, before heading to Kazan, Republic of Tatarstan, on May 15 to attend the XVI International Economic Forum “Russia-Islamic World: KazanForum”.

PM to undertake official visit to Russia from May 13-16

SARAWAK is consolidating control over key strategic assets currently under the umbrella of Cahya Mata Sarawak Bhd (KL:CMSB), a conglomerate historically linked to the family of its former governor, the late Tun Abdul Taib Mahmud.

With CMSB’s influence waning and a bitter ongoing family ...

Sarawak tightening grip on strategic assets held by CMSB 

THE Federal Land Development Authority (FELDA) is understood to be revisiting an earlier plan from some five years ago to privatise FGV Holdings Bhd (KL:FGV), sources familiar with the matter tell The Edge.

It is understood that FELDA has appointed Maybank Investment Bank Bhd to assist ...

FELDA revisits privatisation of FGV

JERUSALEM (May 12): Israel has not agreed to any ceasefire or release of prisoners with Hamas, Prime Minister Benjamin Netanyahu said on Monday, ahead of the expected release of Israeli-American hostage Edan Alexander.

Israel says has not agreed Gaza ceasefire over US hostage release

BURSA Malaysia’s ACE Market, which saw three underwhelming listings in April amid heightened risk aversion due to the US’ reciprocal tariffs, is set to see the debut of two more companies this week.

Engineering firm West River Bhd ­(KL:WESTRVR) is scheduled to hit the listing gong on Mo...

IPO Watch: West River and Fibromat move ahead with ACE Market debut this week

<p>KUALA LUMPUR (May 12): Malaysia can have greater access to more advanced semiconductor chips, following Washington’s move to rescind curbs on chip exports, a move that can propel it to move beyond its current strength in midstream packaging and testing into higher-value upstream chip design.</p>


Malaysia can boost semiconductor expertise as US rescinds chip export curbs — analyst

<p>(May 12): The US and China will temporarily lower tariffs on each other’s products, according to a joint statement, in a move to cool trade tensions and give the world’s two largest economies three more months to resolve their differences.</p>


<p>SYDNEY (May 12):&nbsp;Wall Street stock futures climbed and the US dollar firmed against safe haven peers on Monday, as signs of progress in US-China trade talks boosted hopes a global recession might be avoided, though specifics were still sorely lacking.</p>


Stocks, US dollar up on US-China trade hope, details lacking

<p>GENEVA (May 11): The US. and China ended high-stakes trade talks on a positive note on Sunday, with US officials touting a "deal" to reduce the US&nbsp;trade deficit, while Chinese officials said the sides had reached "important consensus" and agreed to launch another new economic dialogue forum.</p>


US, China hail 'constructive' Geneva trade talks, details due Monday

<p>TOKYO (May 12): Oil prices rose on Monday after both sides in US-China trade talks over the weekend touted their progress, which lifted market sentiment that the world's two largest crude users may be moving towards a resolution of their trade dispute.</p>


Oil prices rise as US-China trade talks soothe market jitters

<p>(May 12):&nbsp;Shares of pharmaceutical companies fell across Europe and Asia, after US President Donald Trump said he planned to order a cut in US prescription drug costs to bring them in line with other countries.</p>


<p>(May 11): Investors welcomed the conciliatory tone at US-China trade talks this weekend, aimed at cooling a trade war between the world's two largest economies and dispelling some of the uncertainty clouding financial markets, though few expect a major breakthrough just yet.</p>


Investors welcome news of progress in US-China trade talks; US stock futures rise

<p>GEOTECHNICAL solutions specialist ­Fibromat (M) Bhd (KL: FIBRO) is not exactly dancing in the rain but sees a silver lining in the heightened awareness of the need to ensure soil stability because of increasingly unpredictable rainfall, landslides and flash floods caused by climate change.</p>
...

IPO Watch: Fibromat ups capacity to gain more ground with ACE Market transfer 

<p>KUALA LUMPUR (May 12): His Majesty Sultan Ibrahim and Her Majesty Raja Zarith Sofiah, the King and Queen of Malaysia, have extended Wesak Day greetings to all Buddhists in the country.</p>


King, Queen extend Wesak Day greetings

<p>LAST Wednesday marked the first 100 days of the presidency of Donald Trump, who was sworn in on Jan 20 this year. During this period, he signed 143 executive orders, more than any other president at the 100-day mark.</p>

<p>Trump’s emphasis on trade tariffs has had the greatest impact on finan...

What fund managers say about Trump’s first 100 days in office

<p>SARAWAK is consolidating control over key strategic assets currently under the umbrella of Cahya Mata Sarawak Bhd (KL:CMSB), a conglomerate historically linked to the family of its former governor, the late Tun Abdul Taib Mahmud.</p>

<p>With CMSB’s influence waning and a bitter ongoing family ...

<p>BURSA Malaysia’s ACE Market, which saw three underwhelming listings in April amid heightened risk aversion due to the US’ reciprocal tariffs, is set to see the debut of two more companies this week.</p>

<p>Engineering firm West River Bhd ­(KL:WESTRVR) is scheduled to hit the listing gong on Mo...

<p>KUALA LUMPUR (May 12): Prime Minister Datuk Seri Anwar Ibrahim will make an official visit to Russia from May 13 to 16 — starting in Moscow from May 13, before heading to Kazan, Republic of Tatarstan, on May 15 to attend the XVI International Economic Forum “Russia-Islamic World: KazanForum”.</p>


<p>THE Federal Land Development Authority (FELDA) is understood to be revisiting an earlier plan from some five years ago to privatise FGV Holdings Bhd (KL:FGV), sources familiar with the matter tell The Edge.</p>

<p>It is understood that FELDA has appointed Maybank Investment Bank Bhd to assist ...

<p>THE drop in oil price to nearly US$60 per barrel (bbl) in April has put the spotlight back on earnings of national oil and gas firm Petroliam Nasional Bhd (Petronas).</p>

<p>The price decline followed three good years. With oil prices above the industry sweet spot of US$70 to US$80/bbl between...

<p>KUALA LUMPUR (May 12): This year’s Wesak Day celebration was marked with vibrant and harmonious gatherings, as Buddhist devotees filled temples nationwide to observe religious rites.</p>


<p>JERUSALEM (May 12): Israel has not agreed to any ceasefire or release of prisoners with Hamas, Prime Minister Benjamin Netanyahu said on Monday, ahead of the expected release of Israeli-American hostage Edan Alexander.</p>


<p>Exsim Group is looking to launch projects with a estimated combined gross development value (GDV) of RM5 billion across the country this year, its corporate affairs and branding director Michelle Siew tells <em>City &amp; Country.</em></p>

<p>One of the projects to be launched is the ninth pha...