<div class=newsTextDataWrapInner>KUALA LUMPUR (Feb 2): RHB Retail Research said Ocean Vantage Holdings Bhd may be headed for an uptrend reversal after bouncing off the 21-day simple moving average (SMA) line and testing the immediate resistance of 25 sen on Wednesday&nbsp;on a strong trading volume.</div>

<div class=newsTextDataWrapInner>In a trading stocks note on Friday, the research house said that if a breakout above that level happens, the stock may trend northwards further towards the 52-week high of 27.5 sen, followed by the next resistance level of 31 sen.</div>

<div class=newsTextDataWrapInner>“Towards the downside, falling below the 22.5 sen support would invalidate the bullish setup, as it would be trading below the 21-day SMA line,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

RHB Retail Research said Ocean Vantage Holdings Bhd may be headed for an uptrend reversal after bouncing off the 21-day simple moving average (SMA) line and testing the immediate resistance of 25 sen on Wednesday on a strong trading volume.

Ocean Vantage may be headed for uptrend reversal, says RHB Retail Research

A safety warning system went off in a Delta Air Lines regional jet before it landed and flipped belly-up at Canada's largest airport in February, indicating a fast rate of descent, the country's Transportation Safety Board (TSB) said on Thursday in a preliminary report on the accident.

Fast descent warning triggered on Delta jet that landed belly-up in Toronto

Iskandar Waterfront City Bhd (KL:IWCITY) has proposed a regularisation plan involving the issuance of new shares to settle outstanding debts, a private placement and a capital reduction in order to exit its affected listed issuer status.

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Sales of previously owned homes in the US unexpectedly bounced back in February, spurred by a greater supply of houses and improved weather heading into the crucial spring period.
 
Contract closings increased 4.2% to an annualised rate of 4.26 million in February, according to National Association of Realtors (NAR) figures released on Thursday. The figure exceeded all estimates in a Bloomberg survey of economists.

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eronimo Martins SGPS SA, Portugal’s biggest retailer by market value, is working on a strategic plan for the next five years that will involve boosting annual sales to as much as €50 billion (RM241.77 billion).

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Brent crude futures are trading at a rare discount to Middle Eastern oil, with growing production in Europe and the Mediterranean heaping pressure onto markets for the high-quality oil that underpins the global benchmark.

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US stock indexes dropped on Thursday, as worries about the repercussions of an ongoing global trade war resurfaced, a day after the Federal Reserve left interest rate steady but warned of an uncertain economic backdrop.

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The number of Americans filing new applications for unemployment benefits increased slightly last week, suggesting the labour market remained stable in March, though the outlook is darkening amid rising trade tensions and deep cuts in government spending.

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Scanwolf Corp Bhd (KL:SCNWOLF) has secured a RM42 million contract for sub-structure works on two commercial blocks in Jalan Ampang in a related-party transaction (RPT).

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Apple is losing more than US$1 billion (RM4.4 billion) a year on its streaming service Apple TV+, the Information reported on Thursday, citing two people familiar with the matter.

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Eco World Development Group Bhd (KL:ECOWLD) posted a 15.4% year-on-year (y-o-y) increase in net profit for the first quarter ended Jan 31, 2025 (1QFY2025) to RM80.34 million, driven by two major industrial land sales and stronger contributions from its projects in Johor.

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Genting Malaysia Bhd (KL:GENM) is likely to remain a value trap given its weak earnings prospects, according to Phillip Capital Research.

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IJM Corp Bhd (KL:IJM) has strongly refuted false and malicious allegations circulating online about the construction company and its leadership.

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Top Glove Corporation Bhd (KL:TOPGLOV), the world’s largest natural rubber glove maker, remained in the black for the second consecutive quarter, thanks to a surge in sales.

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Malaysia is looking for "structured engagement" with India in the latter's pursuit of a viable semiconductor manufacturing industry.

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THERE is no denying that the Employees Provident Fund’s (EPF) 6.3% dividend declared for both conventional savings and shariah savings for 2024 is nothing short of spectacular and would have been celebrated with more vigour — if not for the lingering questions surrounding its seemingly untimely s...

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A massive selldown by institutional investors&nbsp;would only have a “mild” impact on the Malaysian market while their domestic funds remain relatively resilient, the latest stress test&nbsp;showed.

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Shareholders of Pharmaniaga Bhd (KL:PHARMA) have approved its proposal to raise up to RM653.52 million in cash, which is part of the company’s revised regularisation plan to lift it out of Practice Note 17 (PN17) status.

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The Securities Commission Malaysia (SC) is collaborating with Khazanah Nasional Bhd to introduce the tokenisation of bonds and sukuk this year, a move aimed at broadening retail participation in Malaysia’s capital market.

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The Kuala Lumpur City Hall (DBKL) is playing a facilitating role in ensuring that the relocation of the Dewi Sri Pathrakaliamman Temple from the private land in the busy Jalan Masjid India area to a new location can be resolved smoothly.

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The Securities Commission Malaysia (SC) is looking to implement a new fee structure for capital market intermediaries by 2026, as part of efforts to increase revenue to cover its operation costs.

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Greatech Technology Bhd (KL:GREATEC) has strong potential for long-term growth as it transitions into higher-value process automation, thanks to its recent acquisition of a distressed company at an attractive valuation, according to Maybank Investment Bank (Maybank IB).

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The prosecution in Muar Member of Parliament Syed Saddiq Syed Abdul Rahman's criminal appeal has urged the Court of Appeal to look at the young politician's actions holistically, alluding to a malicious intent to misuse funds from Armada, the youth wing of Syed Saddiq’s former party, Bersatu.

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Geely Automobile Holdings Ltd’s full-year profit more than tripled, beating analyst estimates, after the carmaker increased sales volumes and reduced costs to better compete in the cut-throat Chinese market.

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Pawnbroker Well Chip Group Bhd (KL:WELLCHIP) looks set to ride on the coattails of record-high gold prices as underserved consumers turn to pawn loans, amid declining approval rates for conventional loan, Kenanga Research said.

Well Chip to benefit from high gold prices as consumers opt for pawn loans — Kenanga

The size of Malaysia's investment management industry surpassed the RM1 trillion mark for the first time in history in 2024, driven by strong unit trust fund (UTF) sales and favourable market conditions, the Securities Commission Malaysia (SC) reported.

SC: Investment management AUM exceeded RM1 tril for first time in 2024

Top Glove Corp Bhd (KL:TOPGLOV) is confident of achieving its glove sales target of 43 billion pieces for the financial year ending Aug 31, 2025 (FY2025), with stronger sales volume in the second half of the financial year.

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Malaysian property developers are optimistic that demand will pick up in the second half of the year, while staying cautious about rising costs of doing business ahead, according to an industry survey.

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Chinese entrepreneur Kai-Fu Lee expects just three AI models to survive a domestic shake-up triggered by the advent of DeepSeek, which up-ended the existing template for artificial intelligence development.

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Malaysia’s exports accelerated in February from a year earlier thanks to strong shipments of electronics and palm oil while deliveries to the US surged ahead of a slew of upcoming tariffs.