<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 2): T7 Global Bhd has marked its foray into Thailand waters with a RM400 million contract for its latest mobile offshore production unit (Mopu) named TSeven Shirley which will be leased to Valeura Energy Inc, operator of the Nong Yao oil field, in support of its Nong Yao C development.</p></div>

<div class=newsTextDataWrapInner><p>In a statement to the bourse on Friday, T7 Global group chief executive officer Tan Kay Zhuin said TSeven Shirley will start its journey to the Nong Yao field to continue with the remaining activities.</p></div>

<div class=newsTextDataWrapInner><p>“We look forward to achieve the final delivery.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“This Mopu shall begin its charter in 2024 for the next five years ensuring long-term financial visibility for the group, similar to the 10-year charter of TSeven Elise Mopu in Malaysia waters.</p></div>

<div class=newsTextDataWrapInner><p>“The group will focus on expanding its offshore energy assets as one of the growth drivers in the coming years,” he added.</p></div>

<div class=newsTextDataWrapInner><p>At the midday break, T7 Global added 3.3% or 1.5 sen to 47 sen, with 1.74 million shares traded.</p></div>


T7 Global Bhd has marked its foray into Thailand waters with a RM400 million contract for its latest mobile offshore production unit (Mopu) named TSeven Shirley which will be leased to Valeura Energy Inc, operator of the Nong Yao oil field, in support of its Nong Yao C development.

T7 Global marks foray into Thailand waters with RM400m contract

Petronas Dagangan Bhd's (KL:PETDAG) net profit for the first quarter ended March 31, 2024 (1QFY2024) fell 25% year-on-year to RM226.04 million, from RM301.84 million previously, due mainly to higher product cost and operating expenditure.

PetDag's 1Q net profit falls 25% to RM226m, declares dividend of 18 sen

Shares of Supercomnet Technologies Bhd (KL:SCOMNET) fell on Tuesday and may be on course for its worst day in 15 months after the medical device manufacturer reported a weaker-than-expected first quarter.

Supercomnet shares on course for worst day in 15 months after below-view 1Q

Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, US options markets show.

Nvidia earnings could spark US$200b swing in shares, options show

China Evergrande Group Chairman Hui Ka Yan’s former mansion in Hong Kong was sold at a significant discount, according to a person familiar with the matter.

Evergrande founder’s seized HK mansion sells at discount

Glen Point Capital co-founder Neil Phillips should serve two years in prison for manipulating the US dollar-South African rand exchange rate, federal prosecutors argued in a court filing.

Glen Point’s Phillips should get two years in prison, US says

China’s local governments raised the least revenue from land sales in eight years, another sign of the nation’s deepening housing crisis that has forced Beijing to pump in more cash.

China's land sales hit eight-year low as housing slump worsens

Alpha Intelligence Capital (AIC), which invests in artificial intelligence companies including OpenAI, is raising a US$250 million (RM1.17 billion) fund and has attracted government-owned entities from France and Singapore as backers.

Temasek backs OpenAI investor’s new US$250 mil tech fund

KTI Landmark Bhd expects to raise RM48 million under its listing exercise on the ACE Market of Bursa Malaysia.

In a statement on Tuesday, the Sabah-based integrated property developer said it plans to use RM20.7 million (43.1%) of the proceeds raised from the initial public offering (IPO) to supplement its general working capital requirements for The Logg project, which include construction cost (building and infrastructure cost), consultants’ and professional fees, and local authority fees for the ongoing projects.

KTI Landmark to raise RM48m from ACE Market IPO

Tencent Holdings Ltd suspended the highly anticipated Dungeon & Fighter Mobile within an hour of its Chinese debut Tuesday, suggesting strong initial demand for a blockbuster title that investors hope will drive revenue growth in 2024.

Tencent suspends blockbuster game within an hour of China debut

Global analytics software firm Fico in its latest global consumer fraud research, revealed that 32% of Malaysians are most concerned about being tricked into making payment to a criminal, which exposes individuals to instant, irrevocable losses rarely eligible for reimbursement.

Payment fraud top concern for one in three Malaysians, survey finds

<p>Northcape Capital Ltd said a bid by major shareholders to take Malaysia Airports Holdings Bhd private may face opposition due to the low valuation offered.</p>


Malaysia Airports shareholder expresses doubt on takeover bid

<p>Malaysia and Japan are set to confirm their cooperation in strengthening semiconductor supply chains at a meeting later this week, according to Japanese daily <i>The Mainachi</i>.</p>


Malaysia, Japan set to confirm semicon supply chain tie-up — report

<p>RHB Banking Group has launched Apple Pay for its customers in Malaysia.</p>


RHB brings Apple Pay to customers in Malaysia

<p>Automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH) made a strong debut on Bursa Malaysia’s Main Market at RM1.10, a premium of 30 sen or 37.5% over its initial public offering (IPO) price of 80 sen, with an opening volume of 25.15 million.</p>


Feytech makes strong Main Market debut with 30 sen premium 

<p>Shares of Menang Corp (M) Bhd (KL:MENANG) rose to its highest in nearly nine months after the property development and management company declared a special dividend amid six-year high quarterly earnings.</p>


Menang shares close in on nine-month high on special dividend, earnings

<p>The Federation of Investment Managers Malaysia (FIMM) recently reprimanded eight former unit trust scheme (UTS) and/or private retirement scheme (PRS) consultants for their misconducts/breaches of the FIMM’s Consolidated Rules (FCR), Code of Ethics and Rules of Professional Conduct (Second Edition), or&nbsp;Code of Ethics (Third Edition).</p>


FIMM reprimands eight former unit trust and private retirement scheme consultants

<p>Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest bank by assets, is on course to achieve an earnings forecast of RM6.96 billion for the financial year ending Dec 31, 2024 (FY2024), with its first-quarter results aligning with analysts’ expectations.</p>


Public Bank on course to hit FY2024 earnings target on better outlook, say analysts

<p>Crypto prices have surged on signs of momentum toward US approval of exchange-traded funds investing directly in second-largest token Ether, a shift from a more downbeat outlook as recently as last week.</p>


Crypto lifted by ether’s biggest jump since 2022 on ETF outlook

<p>Rakuten Trade said Bahvest Resources Bhd (KL:BAHVEST) is poised for a potential bullish breakout from the U-shape pattern, targeting to surpass the neckline of 61 sen.</p>


Bahvest poised for potential bullish breakout, says Rakuten Trade 

<p>Shares of Pintaras Jaya Bhd (KL:PTARAS) rose to its highest in 11 months after the construction company’s third-quarter earnings announcement.</p>


Pintaras Jaya rises to 11-month high after announcing 3Q results

<p>Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year.</p>


Stocks inch lower, dollar firm as Fed focus intensifies; crypto soars 

<p>The types of business which are most likely to use artificial intelligence are seeing growth in workers' productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said.</p>


AI-intensive sectors are showing a productivity surge, PwC says

<p>The proposed fuel subsidy rationalisation by the government could impact the local automotive market, which houses its major customers, primarily consisting of automotive vehicle original equipment manufacturers (OEMs), according to automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH).</p>


Feytech expects proposed subsidy rationalisation to impact automotive market

<p>US auto safety investigators said on Monday they have launched an investigation into the April crash of a VinFast VF 8 electric vehicle in Pleasanton, California, in which a family of four died.</p>


US regulator to probe VinFast crash in California in which four died 

<p>KTI Landmark Bhd expects to raise RM48&nbsp;million under its listing exercise on the ACE Market of Bursa Malaysia.</p>

<p>In a statement on Tuesday, the Sabah-based integrated property developer said it plans to use RM20.7 million (43.1%) of the proceeds raised from the initial public offering (IPO) to supplement its general working capital requirements for The Logg&nbsp;project, which include construction cost (building and infrastructure cost), consultants’ and professional fees, and local authority fees for the ongoing projects.</p>


<p>Tencent Holdings Ltd suspended the highly anticipated Dungeon &amp; Fighter Mobile within an hour of its Chinese debut Tuesday, suggesting strong initial demand for a blockbuster title that investors hope will drive revenue growth in 2024.</p>


<p>A coalition of Tesla Inc shareholders is urging other investors to reject a US$56 billion (RM262.78 billion) pay package for chief executive officer Elon Musk in the company’s June 13 annual meeting, posing a threat to one of the world’s largest fortunes.</p>


Tesla shareholder group slams Musk’s US$56b pay package

<p>Tesla Inc workers are living in fear of the “Dear Employee” layoff email.</p>


Chaos reigns inside Tesla as workers await next slew of job cuts

<p>The US on Monday said it had been unable, due largely to logistical reasons, to accept an Iranian request for assistance following a helicopter crash over the weekend that killed President Ebrahim Raisi, as Washington offered its condolences.</p>
