<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 2): Rakuten Trade said Tenaga Nasional Bhd (TNB) may extend its upward trajectory after it broke out from the three-week bullish rectangular pattern and surpassed the immediate resistance of RM10.60 with a long white candle.</p></div>

<div class=newsTextDataWrapInner><p>In a technical view note on Friday, the research house said that with the stock hitting a new 52-week high and rebounding off the 20-day line, there is a noticeable uptick in positive momentum.</p></div>

<div class=newsTextDataWrapInner><p>“We expect the rising momentum is set to steer the stock higher, and test the next level of resistance of RM11.26 (R1) and RM12.00 (R2) in the near term.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“On the downside, stop-loss is set at RM9.78, below Nov 27’s low,” it said.</p></div>


Rakuten Trade said Tenaga Nasional Bhd (TNB) may extend its upward trajectory after it broke out from the three-week bullish rectangular pattern and surpassed the immediate resistance of RM10.60 with a long white candle.

TNB may extend upward trajectory, says Rakuten Trade

Digital Minister Gobind Singh Deo says the new US$2.2 billion outlay  announced by Microsoft yesterday underscores Malaysia’s attractiveness as an investment destination, especially for corporate giants.

NEWS: Microsoft’s outlay an endorsement of Malaysia — Gobind

Digital Nasional will hold a meeting next week to review due diligence findings on the 5G network rollout, and address the remaining conditions precedent in the share subscription agreements with the telco companies.

NEWS: DNB to discuss due diligence findings next week

Ocean Fresh Bhd has signed an agreement with KAF Investment Bank to underwrite the frozen seafood company’s initial public offering (IPO) on the ACE Market.

Ocean Fresh inks underwriting agreement with KAF for ACE Market IPO

India's markets regulator has sent notices of regulatory violations to six companies of the Adani conglomerate, including its flagship Adani Enterprises, the group said in stock exchange filings.

India markets regulator puts six Adani companies on notice for violations

Individuals who have fallen victim to fraudulent investment schemes risk losing the right to recover their money even after going through the legal avenue.

Bukit Aman: Victims of investment scams won’t be able to recoup losses

In a majority decision, the Federal Court has dismissed a woman's challenge to change her religious status as a Muslim.

Top court dismisses woman's attempt to change religious status

The Klang Valley residential property market saw more completions but slower transaction activities on a quarter-on-quarter (q-o-q) basis in 4Q2023, according to Savills Malaysia director of research and consultancy Fong Kean Hwa, in presenting The Edge Malaysia | Savills Klang Valley Re...

The Edge Malaysia | Savills Klang Valley Residential Property Monitor 4Q2023: More residential properties completed during the quarter

BENGALURU (May 3): Gold prices were poised for a second straight weekly decline, although bullion held nearly steady on Friday, as investors remained cautious ahead of the US non-farm payrolls data that could provide cues on the Federal Reserve's rate cut timeline.

Gold set for second weekly fall; US payrolls on investors' radar

SHAH ALAM (May 3): The majority of family members and next of kin involved in the process of moving 90 graves in the Klang Strait Muslim Cemetery agreed with the decision to exhume and relocate the graves, said Selangor Menteri Besar Datuk Seri Amirudin Shari.

Majority of families, next of kin agree to relocate graves for ECRL construction — Selangor MB

The country faces higher imports of gas energy for electricity use in the coming years if it continues to depend on the commodity without efforts to accelerate the transition to more sustainable energy.

Rafizi warns of hike in gas imports for electricity without switch to sustainable energy

<p>KUALA LUMPUR (May 3): Digital Nasional Bhd (DNB) will hold a meeting next week to review due diligence findings on the 5G network rollout, Digital Minister Gobind Singh Deo said on Friday.</p>


Digital Nasional to meet next week to discuss due diligence on 5G network — minister

<p>Malaysia’s planned increase in civil servant salaries will boost earnings of RCE Capital Bhd, which mainly provides consumer financing to government employees, Maybank Investment Bank (Maybank IB) said and upgraded the stock to ‘buy’.</p>


Higher civil servant salaries will boost RCE Capital's earnings, says Maybank IB

<p>Shares of Ajinomoto (Malaysia) Bhd surged to their highest in nearly six years after the food and seasoning company announced the ex-date for its special dividend.</p>


Ajinomoto Malaysia surges to highest in nearly six years

<p>Asian stocks surged to their highest in 15 months on Friday led by tech and Hong Kong stocks, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected intervention from Japanese authorities.</p>


Asian stocks surge; yen extends gains to cap wild week

<p>The rally in tech heavyweights extended into late hours after better-than-estimated results from&nbsp;Apple Inc, with the iPhone maker also raising its dividend and announcing plans to buy back more stock.</p>


Tech jumps in late hours on Apple’s solid outlook

<p>Naza Corp Holdings Sdn Bhd has completed the acquisition of a 100% stake in Berjaya Enviro Holdings Sdn Bhd (BEnviro) from Berjaya Corp Bhd for RM700 million in cash, marking its entry into the green economy with a focus on municipal and scheduled waste, as well as the waste-to-energy sector.</p>


Naza completes acquisition of waste management company from Berjaya for RM700m cash 

<p>Malayan Cement Bhd will likely report strong third quarter earnings when the company reports its results by this month-end, as volume and average selling prices stay high, CGS International said.</p>


Malayan Cement likely to report strong 3Q results, says CGS International

<p>KUALA LUMPUR (May 3): Engineering firm UUE Holdings Bhd said on Friday that it has signed an agreement with M&amp;A Securities to underwrite its initial public offering (IPO) on the ACE Market.</p>


UUE signs underwriting deal with M&A Securities for ACE Market IPO

<p>Hong Kong stocks are on their longest-winning streak since 2018, adding to signs that a recovery in one of the worst-performing markets last year is well underway.</p>


Hong Kong stocks are on their longest winning streak since 2018

<p>KUALA LUMPUR (May 3): Fraser &amp; Neave Holding Bhd (F&amp;N) said on Friday that the company will focus on fixed asset optimisation over the next three years, after having allocated more than RM3 billion in capital expenditure (capex) and development of its integrated farm in Gemas.</p>


F&N to focus on sweating off its assets after investing RM3b in capex and development

<p>Malaysia’s commitment to building its 5G network has given the country a world-class digital infrastructure, according to Telefonaktiebolaget LM Ericsson president and chief executive officer Börje Ekholm.</p>


Ericsson CEO hails Malaysia’s ‘world-class’ digital infrastructure

<p>Türkiye&nbsp;stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing a "worsening humanitarian tragedy" in the Palestinian territories.</p>


Türkiye halts all trade with Israel, cites worsening Palestinian situation

<p>KUALA LUMPUR (May 3): KL Wellness City Sdn Bhd, through KL International Hospital Sdn Bhd, has launched KL International Tertiary Hospital as part of the first phase of the KL Wellness City township in Bukit Jalil here on Thursday (May 2).</p>


KL Wellness City launches tertiary hospital as part of the township’s first phase

<p>Frontken Bhd expects a stronger performance in the second half of this year (2HFY2024) after its first quarter results came in within expectations, according to Philip Capital.</p>


Frontken expects stronger performance in 2H — Philip Capital

<p>As the latest purchasing managers’ index (PMI) data indicated a softer contraction in Malaysia's manufacturing sector in April, economists are expecting the country's manufacturing condition to gradually recover in the near term, though it remains slightly behind regional peers.</p>


Malaysia's manufacturing sector to recover gradually despite lagging behind regional peers — economists

<p>The Penang High Court on Friday dismissed former Penang chief minister Lim Guan Eng, his wife Betty Chew Gek Cheng, and businesswoman Phang Li Koon’s attempt to strike out their graft and money-laundering charges.</p>


Double jeopardy does not apply, Penang court rules in dismissing Guan Eng, wife and Phang's challenge on graft charge

<p>Apple's quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up almost 7% in extended trade.</p>


Apple unveils record US$110b buyback as results beat low expectations

<p>Lotte Chemical Titan Holding Bhd (LC Titan) is expected to face widening core losses in the second quarter ending June 30, 2024 (2QFY2024) from lower sales volume and weak product spread, according to TA Securities.</p>


Lotte Chemical Titan to face widening losses in 2QFY2024 on lower volume, weak product spread, says TA Securities

<p>Ranhill Utilities Bhd has declared a share dividend distribution on a basis of 0.5 share for every 100 shares held in the utility group.</p>


Ranhill declares share dividend distribution

<p>PUTRAJAYA (May 3): A convenience store in Precinct 3 here was raided by the Ministry of Domestic Trade and Cost of Living on Thursday (May 2), for suspected sale of food products with the words “no palm oil” (NPO) written on the product’s plastic packaging.</p>
