<div class=newsTextDataWrapInner>KUALA LUMPUR (May 7): RHB Retail Research said S P Setia Bhd is poised to resume its uptrend after climbing above the 21-day simple moving average (SMA) line, while eyeing a spot above the RM1.50 threshold on Monday.</div>

<div class=newsTextDataWrapInner>In a trading stocks note on Tuesday, the research house said if the stock breaches that point, the bullish bias above that level may drive the stock higher towards the RM1.60 resistance, followed by RM1.70.</div>

<div class=newsTextDataWrapInner>“However, breaching below the RM1.40 support would reverse the momentum, as it would then be trading below the SMA and forming a 'lower low' bearish structure,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

RHB Retail Research said S P Setia Bhd is poised to resume its uptrend after climbing above the 21-day simple moving average (SMA) line, while eyeing a spot above the RM1.50 threshold on Monday.

S P Setia poised to resume its uptrend, says RHB Retail Research 

South Korea’s top financial watchdog attempted to revive optimism over the nation’s corporate reform initiatives to investors in New York, while soothing concerns over the short-selling ban.

South Korea touts corporate reform plan to Wall Street

Malaysia's exports rose 9.1% in April from a year earlier, government data showed on Monday, below expectations.

Malaysia's April exports rise 9.1% y-o-y, below forecast

SoftBank Group Corp is planning its latest jumbo bond in the home yen market, which if successful would make the tech conglomerate one of the biggest Asian corporate borrowers in debt markets globally this year.

SoftBank plans US$3.5b bond in Japan, adding to jumbo deals

Ajiya Bhd (KL:AJIYA) is one of the oldest manufacturers and suppliers of building materials, especially in the area of roof materials and safety glass. Until end-2022, it kept a strong balance sheet with almost no borrowings, cash well above RM34 million and liquid investments of RM114 million.

Frankly Speaking: The irony of Ajiya’s proposal

Taiwan President Lai Ching-te asked China on Monday to stop its military and political threats, saying in his inauguration speech that peace is the only choice and that Beijing had to respect the choice of the Taiwanese people.

New Taiwan president calls on China to stop its threats

Rescuers in Iran were racing on Sunday to find the crash site of a helicopter that was carrying President Ebrahim Raisi to find out the fate of all those on board. Below is brief outline of what Iran's constitution says happens if a president is incapacitated or dies in office:

What happens if an Iranian president dies in office?

Bain Capital plans to bolster its real estate team in Japan, the latest global investment firm seeking to capitalise on opportunities in the nation’s property market.

Bain Capital to boost Japan real estate team as prospects grow

After the long-anticipated launch of US bitcoin exchange-traded funds in January, and the once-every-four-years software update called the “halving” last month, the big question on a lot of crypto investors’ minds has been, what will power the largest cryptocurrency’s next rally?

Bitcoin developers touting ‘programmability’ as catalyst for next rally, Bloomberg reports

Oil prices extended gains on Monday, inching up amid political uncertainty at major producing countries after Iran's president was feared dead in a helicopter crash and the Saudi crown prince cancelled a Japan trip, citing health issues with the king.

Oil prices climb amid uncertainty over Iran president's fate, Saudi King's health

Malaysia is expected to see a "potential upswing" in external demand, particularly from China, while also benefitting from the imposition of US tariffs on Chinese goods, including electric vehicles (EVs) and their components, said TA Securities.

Malaysia to benefit from China demand, US tariffs on Chinese EVs — TA Securities

Hopes are fading that Iranian President Ebrahim Raisi and his foreign minister have survived a helicopter crash in mountainous terrain and icy weather, an Iranian official said on Monday after search teams located the wreckage.

Iranian President Raisi feared dead as helicopter wreckage found

The time it’s taking for some of China’s electric-car makers to pay suppliers is ballooning — a further sign of stress in the nation’s increasingly cutthroat auto market.

China’s EV makers taking longer to pay bills amid rising stress

Electronics manufacturing services firm Notion VTec Bhd (KL:NOTION) charted a new three-year high on Monday, as Bursa Malaysia’s Technology Index touched a new one-year high following the US’ plan to hike tariffs on semiconductors from China.

Notion VTec charts new three-year high amid rally in tech stocks

Gold notched a fresh all-time high, as investor demand soared across the broader metals complex amid increasing optimism the US will cut rates this year.

Gold hits fresh record as Fed rate-cut optimism fuels demand 

KUALA LUMPUR (May 20): Phillip Capital has maintained its “buy” rating on Kerjaya Prospek Group Bhd at RM1.80 with a higher target price (TP) of RM2 (from RM1.93) and said it expects Kerjaya’s 1Q2024 net profit to come in stronger year-on-year, but flat quarter-on-quarter.

In a note on ...

Phillip Capital raises target price for Kerjaya Prospek to RM2, sees stronger y-o-y net profit growth in 1Q2024

RHB Investment Bank Research has maintained its 'buy'&nbsp;rating for&nbsp;Gamuda Bhd (KL:GAMUDA) at RM5.58, with a higher target price of RM6.55 (from RM6.30), and said it is upbeat on the prospects Ho Chi Minh City (HCMC) has for Gamuda’s property arm.

RHB IB upbeat on Gamuda’s prospects in Ho Chi Minh City, raises target price to RM6.55

Prime Minister Anwar Ibrahim’s visit to the Kyrgyz Republic, Kazakhstan and Uzbekistan has successfully generated investments and trade potential of at least RM2.1 billion, which will benefit Malaysia's economic growth.

Anwar: Visit to Central Asia to generate potential trade, investment exceeding RM2.1b

Taiwan President Lai Ching-te asked China on Monday to stop its military and political threats, saying in his inauguration speech that peace is the only choice and that Beijing had to respect the choice of the Taiwanese people.

Rescuers in Iran were racing on Sunday to find the crash site of a helicopter that was carrying&nbsp;President Ebrahim Raisi&nbsp;to find out the fate of all those on board. Below is brief outline of what Iran's constitution says happens if a president is incapacitated or dies in office:

Copper surged to a fresh record, extending a months-long rally that’s been driven by financial investors who have piled into the market in anticipation of supply shortages.

Copper hits record above US$11,000 on bets that shortage looms

Liverpool delivered much-loved manager Juergen Klopp a victory in his final game with the team on Sunday, a 2-0 win over 10-man Wolverhampton Wanderers at Anfield in an emotional Premier League season finale.

Liverpool deliver victory in an emotional farewell for Klopp

Troubled Australian casino operator Star Entertainment Group said several suitors have approached the company about possible deals, after a newspaper reported that a consortium led by Hard Rock Hotel &amp; Casino made a takeover proposal.

Star says suitors circling as Hard Rock reportedly makes offer 

Foreign buying of Malaysian equities was sustained for the fourth consecutive week with a total of RM873.9 million last week, leading to a year-to-date net inflow of RM4.9 million.

In its fund flow report on Monday, the MIDF Research team said the sustained interest in the domestic market may have stemmed from economic optimism, as recent data revealed a 4.2% year-on-year rise in gross domestic product in the first quarter of 2024.

Foreign buying of M'sian equities sustained for fourth week with RM874m inflow, says MIDF

Malaysia is expected to see a "potential upswing" in external demand, particularly from China, while also benefitting from the imposition of US tariffs on Chinese goods, including electric vehicles (EVs) and their components, said TA Securities.

The Lumut Maritime Industrial City (LuMIC) feasibility study, set to redefine the region as a pivotal hub in Malaysia’s maritime industrial sector.

LuMIC set to redefine Malaysia's maritime industrial sector — Perak State Development Corp

China’s latest housing initiative is aimed at vacant properties, a major pain point in a crisis that’s dragged on for almost three years. But analysts say the package of measures is still too small to end the rout.

China’s housing rescue is too small to end crisis, analysts say

Infrastructure will drive growth in the Asia-Pacific, according to S&amp;P Global Ratings.

Infrastructure will drive growth in Asia-Pacific, says S&P Global Ratings

PAS on Sunday expressed solidarity with Seputeh Member of Parliament Teresa Kok, and strongly condemned the death threat&nbsp;against the DAP leader.

PAS secretary general Datuk Seri Takiyuddin Hassan said that Teresa deserves all legal protections against any criminal and unlawful acts.

PAS stands in solidarity with DAP's Teresa Kok, condemns death threat

China's Commerce Ministry said on Monday that it will prohibit some US firms from importing and exporting activities related to China, including one selling arms to Taiwan, and forbid them from making new investments in China.

China commerce ministry bans some US firms from import, export activities

When US markets reopen next Tuesday after the long weekend, everything will likely seem normal. It’s only after the close and in the following days that any cracks are expected to appear.