<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 18): Hong Leong Investment Bank (HLIB) research said Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cyber security solutions post-passage of the cyber security bill which was passed in Dewan Rakyat on April 3.</p></div>

<div class=newsTextDataWrapInner><p>In a technical tracker on Thursday, the research house said Cloudpoint offers a comprehensive range of solutions that can be deployed independently or integrated seamlessly with other existing systems, leveraging on its well-established network of technology vendors such as Cisco, McAfee, Paloalto and others.</p></div>

<div class=newsTextDataWrapInner><p>HLIB said the formation of a bullish tail bar on Tuesday, subsequent to touching the support region of 55-56 sen (MA100), indicates a potential rebound is underway, provided there is no decisive breakdown below the mentioned support.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“A successful breakout above 65 sen is poised to drive the price towards the levels of 68 sen-70 sen-73 sen.</p></div>

<div class=newsTextDataWrapInner><p>“Cut loss at 53 sen,” it said.</p></div>


Hong Leong Investment Bank (HLIB) research said Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cyber security solutions post-passage of the cyber security bill which was passed in Dewan Rakyat on April 3.

HLIB: Cloudpoint well positioned to capitalise burgeoning demand for cyber security solutions

In a world of depressing news headlines, how is the Southeast Asian region faring? An examination of the risk environment leads us to a few key assessments.

First, being one of the main arenas for US-China contestation, this region is exposed to potentially nasty scenarios if big power ...

My Say: How risks have changed in Southeast Asia

The popularity of property investing among the younger investors seems to be waning. The mismatch between one’s salary and property price is a key reason. However, financial planning experts say these investors should not be hasty in dismissing property as an attractive asset class.

Red...

Property: To buy or rent, that is the question

Police apprehended 11 individuals suspected of being part of a fake job scam and non-existent investment syndicate during a raid on two residential units in the city at approximately 6pm on Monday.

Johor police nab 11 involved in job, investment scams

The Philippines on Wednesday accused China's coast guard of elevating tensions in the South China Sea after its use of water cannons that damaged two of its vessels, an official said.

Philippines says Chinese coast guard elevating tensions in South China Sea 

Manchester United said on Tuesday that interim CEO Patrick Stewart and CFO Cliff Baty will step down from their positions at the end of the season

Manchester United's interim CEO, CFO to step down

Australia's Qantas Airways said on Wednesday it was investigating issues impacting its frequent flyer application, after media reports suggested there was a data breach allowing users access to other passengers' travel information.

Australia's Qantas probing reports of data breach at loyalty app

Oil prices fell for a third day on Wednesday on rising crude inventories and production in the US, the world's biggest oil consumer, along with increasing hopes of a ceasefire agreement in the Middle East.

Oil falls for a third day as US crude inventories swell

European car giants Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models, faced higher costs and were hit by weaker demand for new cars as interest rates remain high.

Weak demand, new model ramp-up hit Europe's top automakers

Citigroup CEO Jane Fraser told shareholders on Tuesday that US consumers are becoming more cautious with their spending and making smaller purchases.

Citi CEO says US consumers more cautious, emphasises bank overhaul

Elon Musk's abrupt decision to lay off employees who ran Tesla's electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the Tesla Supercharger network, industry officials and analysts said on Tuesday.

Musk disbands Tesla EV charging team, leaving customers in the dark

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday (April 30):</p>


Bursa, SimePlant, SEGi, Capital A, Duopharma, Rimbunan Sawit, MKHOP, Tasco, CIMB, Atrium REIT, KSL, GUH, Lebtech, Mentiga, Ge-Shen, Green Packet, Apex Equity

<p>KUALA LUMPUR (May 1): Malaysia’s top six universities have soared in Times Higher Education’s (THE) 2024 Asia University Rankings, compared to last year’s performance.</p>


Malaysian universities rise in Times Higher Education’s 2024 Asia rankings

<p>The proposed sale of Cyberjaya Education Group Bhd's Asia Metropolitan University license and business to Austin Legacy Education Sdn Bhd for RM15 million cash has fallen through.</p>


Cyberjaya Education's RM15 mil sale of Asia Metropolitan University falls through

<p>McDonald's missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the burger chain's international sales.</p>


McDonald's posts rare profit miss as customers turn picky

<p>Starbucks Corp sales fell for the first time since 2020 as half-off deals and new lavender lattes weren’t enough to entice increasingly budget-conscious consumers.</p>


Starbucks posts first sales drop since 2020 during global pullback

<p>Apex Equity Holdings Bhd's external auditor is unconvinced that the group will be able to recover RM23.8 million in loan receivable, though its directors is confident that the sum is recoverable and had made no impairment loss in its financial statements for the year ended Dec 31, 2023.</p>


Apex Equity's auditor unconvinced group can recover RM24m loan

<p>Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.</p>


Binance crypto founder Zhao sentenced to four months in prison

<p>Logistics solutions provider Tasco Bhd saw its net profit for the financial quarter ended March 31, 2024 (4QFY2024) fell 18% year-on-year, attributable to lower profit reported in its air freight forwarding and ocean freight forwarding divisions, as freight rates fell to pre-pandemic levels.</p>


Tasco’s 4Q profit fell 18% amid lower freight rates; declares 2.35 sen dividend

<p>A pair of traders in Hong Kong have left Societe Generale SA (SocGen) after the French bank discovered a batch of risky bets that went undetected by the firm’s risk-management systems, according to people familiar with the matter.</p>


SocGen traders in Asia exit after options bets go undetected

<p>US stocks ended lower on Tuesday as markets weighed economic data showing rising labour costs and deteriorating consumer confidence on the day of a key Federal Reserve policy meeting to decide the direction of interest rates.</p>


Wall Street stocks fall as markets weigh strong wage data, Fed meeting 

<p>Fraser &amp; Neave Holdings Bhd (F&amp;N) posted a net profit of RM165.41 million in the second quarter ended March 31, 2024 (2QFY2024), higher by 63.48% compared to RM101.18 million a year before, driven by higher sales amid Chinese New Year and Hari Raya festival seasons and better margins.</p>


Festive sales and better margins lift F&N’s 2Q net profit by 63%

<p>An early investor in bitcoins dubbed the "Bitcoin Jesus" has been arrested in Spain on US charges that he evaded paying at least US$48 million (RM228.9 million) in taxes, the US Department of Justice said on Tuesday.</p>


'Bitcoin Jesus' arrested in Spain on US tax evasion charges

<p>It was my privilege to have had the opportunity to participate in the Sejahtera Malaysia Forum on April 29, at Le Quadri Hotel, Kuala Lumpur, where the Minister of National Unity Malaysia, Datuk Aaron Ago Dagang, delivered the keynote address alongside distinguished panel speakers such as Dr Kelvin Yii Lee Wuen, MP of Kuching, Faye Lim, founder of The Rojak Projek, and Tan Sri Michael Yeoh, president of the KSI Strategic Institute for the Asia-Pacific. I was struck by the profound depth of our discourse.</p>


Appreciation of history: A pathway to national unity

<p>The federal government is always committed to empowering national schools, but parents retain the right to choose the educational stream for their children, said PKR vice-president Nik Nazmi Nik Ahmad.</p>


Parents' right to pick children's educational stream — Nik Nazmi

<p>Southeast Asian governments are grappling with the challenges of rising energy demand, a burgeoning middle class, strong pressure not to increase energy and electricity prices, and the need to deliver just and equitable growth — before even considering ambitious plans to decarbonise and build industries of tomorrow.</p>


Southeast Asia remains off-track in net zero ambitions 

<p>Amazon.com reported quarterly results above Wall Street's expectations on Tuesday, as interest in artificial intelligence helped drive cloud-computing growth.</p>


Amazon results beat estimates, revenue forecast misses

<p>Manchester United said on Tuesday that interim CEO Patrick Stewart and CFO Cliff Baty will step down from their positions at the end of the season</p>


<p>There have been no discussions between the Terengganu state government and the federal government regarding the proposal to implement public caning for shariah offences in the state.</p>


Public caning: No discussions between Terengganu, federal govts, says Azalina

<p>Citigroup&nbsp;CEO Jane Fraser told shareholders on Tuesday that US consumers are becoming more cautious with their spending and making smaller purchases.</p>


<p>Oil prices fell for a third day on Wednesday on rising crude inventories and production in the US, the world's biggest oil consumer, along with increasing hopes of a ceasefire agreement in the Middle East.</p>
