<div class=newsTextDataWrapInner>KUALA LUMPUR (Jan 22): RHB Retail Research said Icon Offshore Bhd is posing a bullish setup after bouncing off the breakout point.</div>

<div class=newsTextDataWrapInner>In a trading stocks note on Monday, the research house said despite facing mild selling pressure, the stock managed to rebound from the 72.5 sen level, showing that the bullish structure remains intact.</div>

<div class=newsTextDataWrapInner>“Hence, expect an extension of the 'higher high'&nbsp;pattern to lift the stock towards 83 sen, followed by 92 sen.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“On the other hand, falling below the 64 sen support will kick off the correction phase,” it said.</div>

RHB Retail Research said Icon Offshore Bhd is posing a bullish setup after bouncing off the breakout point.

In a trading stocks note on Monday, the research house said despite facing mild selling pressure, the stock managed to rebound from the 72.5 sen level, showing that the bullish structure remains intact.

Icon Offshore posing a bullish setup, says RHB Retail Research

The Sessions Court here Friday sentenced a former owner of an information technology company to a month in jail and a fine of RM30,000 for concealing RM195,000 belonging to an elderly man.

Judge Azrul Darus handed down the sentence on Ho Chun Jin, 22, who pleaded guilty to the charge.

Former company owner jailed, fined for concealing RM195,000

Mercedes-Benz Malaysia is hosting its largest showcase, with over 30 models from all segments including three new high-performance AMG models at KL Base, Sungai Besi from July 5-7, 2024.

NEWS: Mercedes-Benz World presents complete line-up

(July 5):  DBS Group Holdings Ltd was fined HK$10 million (US$1.28 million or RM6 million) by Hong Kong’s regulator for lapses in adhering to anti-money laundering and counter-terrorist financing regulations.

The disciplinary action follows an investigation by the Hong Kong Monetar...

DBS fined by Hong Kong for violating anti-money laundering rules

PUTRAJAYA (July 5): The Malaysian Communications and Multimedia Commission (MCMC), in collaboration with the Royal Malaysia Police (PDRM), have recorded the statement of social activist Hishamuddin Md Rais at the Brickfields police headquarters on Thursday (July 4) to assist investigations into an ongoing case.

MCMC, police record statement of social activist Hishamuddin Rais on blog content; no arrest made

The Domestic Trade and Cost of Living Ministry (KPDN) raided a biscuit factory using expired halal certification in Taiping on Thursday.

Perak KPDN director Datuk Kamalludin Ismail said the enforcement team from Taiping KPDN seized 940 packs of various products, 1,800 stickers and packs printed with invalid halal logos and related documents valued at RM2,422.80 during the raid.

Biscuit factory using expired halal certification raided

SINGAPORE (July 5): China's liquefied natural gas (LNG) use over the peak demand summer months is likely to be capped by increased hydropower generation in the country's south and as rising spot LNG prices prompt cost-sensitive consumers to turn to coal, analysts say.

Hydropower recovery, higher prices set to cap China’s summer LNG demand

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI down 0.35% to 1,611.02 on July 5, 2024 

Keir Starmer vowed to rebuild Britain as its next prime minister after his Labour Party on Friday surged to a landslide victory in a parliamentary election, ending 14 years of often tumultuous Conservative government.

Starmer pledges to stabilise UK as Labour win huge majority

Former inspector general of police (IGP) Tan Sri Musa Hassan said that he had not seen any confidential documents in the course of his duties to suggest that Youth and Sports Minister Hannah Yeoh was trying to “evangelise” and turn the nation into a Christian one.

Ex-IGP said he had not seen any private documents to suggest Hannah Yeoh was trying to ‘evangelise’ Malaysia

Germany’s ruling coalition sealed a delayed agreement on next year’s budget and new measures to boost the economy, ending weeks of wrangling that had raised questions about the three-party alliance’s ability to govern.

German coalition seals budget deal after weeks of wrangling

Human Resources Minister Steven Sim Chee Keong said on Friday he has directed a report to be filed to the Malaysian Anti-Corruption Commission (MACC) over the auditor general’s findings on Human Resource Development (HRD) Corp.

HR Ministry to file report to MACC over auditor general's findings on HRD Corp — Steven Sim

Keir Starmer vowed to rebuild Britain as its next prime minister after his Labour Party on Friday surged to a landslide victory in a parliamentary election, ending 14 years of often tumultuous Conservative government.

RHB Investment Bank (RHB IB) maintained its “overweight” calls on the property, construction, technology, healthcare, transport, oil and gas (O&amp;G), utilities and rubber products sectors.

RHB IB keeps 'overweight' calls on property, construction, tech, healthcare, oil and gas, utilities sectors

CIMB Securities Sdn Bhd upgraded Malaysia’s technology shares to "overweight" from "neutral" on improving earnings visibility led by growing demand for artificial intelligence (AI).

AI-led recovery prompts CIMB’s upgrade of Malaysian tech stocks

Malayan Banking Bhd (KL:MAYBANK) plans to double assets in Vietnam to US$2 billion (RM9.42 billion) by 2027 and become the country’s top foreign bank for syndicated loans, to capitalise on a booming economy.

Maybank aims to double Vietnam assets by 2027, expand investment

KUALA LUMPUR (July 5): Shares of Keyfield International Bhd (KL:KEYFIELD) made another new high since the oil-and-gas (O&amp;G) service company’s debut on the Main Market in April, following new contract wins.

Keyfield shares touch new high, nearly triple since April listing

KUALA LUMPUR (July 5): Shares of Toyo Ventures Holdings Bhd (KL:TOYOVEN) extended their decline on Friday, after the company confirmed the termination of the Song Hau 2 thermal power plant project by the Vietnamese government.

Toyo Ventures extends decline after losing Song Hau 2 contract

Asian share markets scaled new highs on Friday as investors sized up US rate cuts for September and the mood was upbeat, while the euro hit a three-week peak ahead of French elections.

World stocks at record high, UK Labour landslide and US payrolls hog spotlight

Datin Seri Rosmah Mansor has contended that the plaintiffs in the US$350 million (RM1.6 billion) luxury items suit against her are bound by a previous court judgement which ruled that they were not proceeds from unlawful activity.

Rosmah says 1MDB, SRC bound by decision in forfeiture case — luxury items not unlawful gains

Shares of Salutica Bhd (KL:SALUTE) fell to their lowest in nearly nine months, and the sharp decline prompted the suspension of intraday short-selling of the electronics manufacturing services firm’s stock.

Salutica falls to lowest in nearly nine months after suit against Apple dismissed

TechStore Bhd, an enterprise IT services firm, has filed for an initial public offering (IPO) on the ACE Market to raise funds for expansion, including adding staff and buying new hardware and software.

IT firm TechStore files for ACE Market IPO to raise funds for expansion, working capital

KUALA LUMPUR (July 5): Cables and wires manufacturer Southern Cable Group Bhd (KL:SCGBHD) has secured a RM99.6 million contract extension to supply underground power cables and conductors of various sizes to utility giant Tenaga Nasional Bhd (TNB)(KL:TENAGA).

Southern Cable clinches RM99.6m cable supply contract extension from TNB

The pound and British stocks and government bonds rose on Friday, after the centre-left Labour Party surged to a comprehensive win in a parliamentary election.

The blue-chip FTSE 100 index rose 0.38% at the open, along with midcaps 0.4% higher. The yield on 10-year British government bonds or gilts, dropped three basis points to 4.17%, largely in line with other European markets.

British stocks, bond prices rise after Labour election win

Russian President Vladimir Putin said on Thursday he believed Republican presidential candidate Donald Trump was sincere about wanting to end the war in Ukraine, but that he did not know how Trump planned to do so if elected.

Putin says Trump is sincere about ending Ukraine war

The worst is over for the electronic manufacturing services (EMS) sector, said UOB Kay Hian in a recent note.

Besides margin improvement from higher operational efficiency, the research house saw an additional boost that could lift the sector which it attributed to a higher degree of vertical integration, wider market reach, technological advancement, and new prospects from trade diversion.

UOB Kay Hian says worst is over for electronic manufacturing services, keeps 'overweight' call on sector

Donald Trump’s&nbsp;growing lead&nbsp;in the US presidential race has sparked a rush to identify the key winning trades in global markets. History suggests that Japanese stocks are a good bet.

Trump’s election lead sparks hunt for Japanese stocks

(July 5):&nbsp;Bitcoin sank for a fourth consecutive trading session, part of a wider crypto selloff that contrasts with recent record highs in global stocks.

Bitcoin falls to lowest since February even as stocks hit record

President Joe Biden said "I'm not going anywhere" as he faced calls by many Democrats to end his re-election bid, using the Fourth of July celebrations on Thursday to hit back at doubts about his stamina and mental acuity to continue his campaign.

Biden says 'I'm not going anywhere' as calls to quit race grow

Mobile network operator U Mobile Sdn Bhd will tap Edotco Group Sdn Bhd’s tower infrastructure for Malaysia’s second 5G network rollout.

Under the memorandum of understanding signed, Edotco will provide U Mobile with information and access to its infrastructures, resources readiness and expedited site delivery, the companies said in a joint statement.

U Mobile to tap Edotco's towers for second 5G network rollout

KUALA LUMPUR (July 5): Trial will proceed against a&nbsp;Malaysian Anti-Corruption Commission (MACC) officer and a businessman,&nbsp;known as “Datuk Roy”, as they failed to get the Attorney-General Chambers (AGC) to review their charges of allegedly soliciting and receiving bribes amounting to RM640,000, said to be as an inducement to ensure former prime minister&nbsp;Tan Sri Muhyiddin Yassin’s son was not remanded by the graft-busting body.