<div class=newsTextDataWrapInner>KUALA LUMPUR (May 31): RHB Retail Research said Kobay Technology Bhd (KL:KOBAY) is poised for a technical breakout after rebounding off the 21-day simple moving average (SMA) line and closing at the immediate resistance of RM2.26.</div>

<div class=newsTextDataWrapInner>In a trading stocks on Friday, the research house said that if a breakout happens above that mark, the counter will trend higher towards the 52-week high of RM2.58, followed by the RM3 level.</div>

<div class=newsTextDataWrapInner>“On the flip side, falling below the RM1.94 support negates the bullish setup, as it would then be trading below the SMA line,” the research house said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

RHB Retail Research said Kobay Technology Bhd (KL:KOBAY) is poised for a technical breakout after rebounding off the 21-day simple moving average (SMA) line and closing at the immediate resistance of RM2.26.

Kobay poised for technical breakout, says RHB Retail Research

The ringgit is expected to be stronger against the US dollar in the last quarter of 2024 (4Q2024), according to Deputy Finance Minister Lim Hui Ying.

She said the performance of the local currency was on the right track in strengthening against the greenback over the last few months, based on the economic and investment performance.

Ringgit to be stronger against dollar in 4Q, says Lim Hui Ying

KUALA LUMPUR (June 26): The Gulf Cooperation Council (GCC) countries, Malaysia, Indonesia and Türkiye are becoming significant emerging-market (EM) debt issuers, according to Fitch Ratings.

Fitch: Gulf Cooperation Council countries, Malaysia, Indonesia and Türkiye emerge as leading EM debt issuers

KUALA LUMPUR (June 26): Google’s latest investment highlights Malaysia’s competitiveness, ease of doing business and growing importance as a regional hub for digital innovation, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Zafrul: Google investment a testament to Malaysia’s current competitiveness

Julian Assange has walked free after pleading guilty to leaking US national security secrets, ending a 14-year legal drama that has seen him spend time in UK jails and self-imposed exile in a London embassy.

Wikileaks founder leaves court as ‘free man’, ending 14-year drama

SoftBank Group Corp founder Masayoshi Son will sketch out plans to bring artificial intelligence (AI)-infused medical care to Japan, making a rare public appearance to drive home his resurgent ambitions in AI.

SoftBank’s Son to tout AI healthcare in rare public showing

The US Centers for Disease Control and Prevention (CDC) has issued a health advisory warning the public of a heightened risk of dengue virus infections in the US this year, as cases continue to rise around the globe.

CDC warns of increased risk of dengue virus in US

Vietnam is looking for China’s support with the development of the country’s high-speed railway networks, including cross-border lines that would promote trade between the two countries.

Vietnam wants China’s help for high-speed railway development

Felcra Bhd’s 14 subsidiaries have racked up total debt of RM1.21 billion, dragging on the cash-strapped state-owned company, said the Public Accounts Committee (PAC).

Felcra's 14 subsidiaries in debt of RM1.21b — PAC

HSBC Holdings plc lifted South Korean stocks to 'overweight' from 'neutral', citing growth opportunities in the memory sector and government initiatives to boost valuations.

HSBC upgrades South Korean stocks to 'overweight' on memory growth ahead

Well Chip Group Bhd — principally involved in the provision of pawnbroking services and the trading of jewellery and gold — aims to raise RM172.5 million from its initial public offering (IPO) exercise, ahead of its listing on the Main Market of Bursa Malaysia.

Main Market-bound pawnbroker Well Chip aims to raise RM172.5m from IPO

Prolintas Infra Business Trust (KL:PLINTAS) units fell eight sen or 8.7% to 83 sen on Wednesday morning, following the resumption of trading at 10am, after the trust confirmed that the anti-graft agency had arrested some of its directors.

Prolintas units fall in early trade after arrest of directors by MACC

Shares in Astro Malaysia Holdings Bhd&nbsp;(KL:ASTRO) fell to their lowest in five weeks, as analysts flagged tougher days ahead, after the pay-television operator reported weaker-than-expected first-quarter results.

Astro Malaysia shares fall to five-week low after 1Q results

Shares in Nvidia surged nearly 7% on Tuesday, snapping out of a three-session tailspin that had erased about US$430 billion (RM2.02 trillion) from the artificial intelligence (AI) chipmaker's market value.

Nvidia shares surge nearly 7%, bouncing after US$430b market slump

Asian stocks stuttered in choppy early trade on Wednesday, as&nbsp;markets&nbsp;braced for a key US&nbsp;inflation reading, while the yen lurked just shy of 160 per dollar level, keeping traders on alert for another round of intervention by Japanese authorities.

Asian shares shaky as investors wary before US inflation data

The implementation of the Visa Liberalisation Plan (PLV), the proposal to allow non-Bumiputera students to enrol at Universiti Teknologi Mara (UiTM), and the value of the ringgit are among key issues to be discussed in the Dewan Rakyat session on Wednesday.

Visa liberalisation, UiTM enrolment, ringgit value in the spotlight on Wednesday

Felcra Bhd’s 14 subsidiaries have racked up total debt of RM1.21 billion, dragging on the cash-strapped state-owned company, said the Public Accounts Committee (PAC).

Affluent Malaysians are making their money sweat. According to HSBC’s Affluent Investor Snapshot 2024, Malaysians are among the most invested in financial products compared with investors in 10 other markets.&nbsp;

Making the money sweat

KUALA LUMPUR (June 26): Shares of IOI Properties Group Bhd extended its decline to their lowest in seven weeks amid concerns of rising debt after the developer announced its chief executive has proposed the joint development of Shenton House in Singapore.

IOI Properties’ high gearing may swell with Shenton House project; shares down though analysts stay bullish

Maybank Investment Bank (Maybank IB)&nbsp;has expanded its product offerings with the launch of its first structured warrants referencing the Hang Seng Index (HSI) futures contracts.

Maybank IB issues four new structured warrants over Hang Seng Index futures

OSK-SBI Venture Partners Ltd&nbsp;(OSK-SBI), a joint venture between OSK Ventures International Bhd (KL:OSKVI) and SBI Holdings&nbsp;Inc, has launched its second venture capital fund to invest in category-defining companies across Southeast Asia.

OSK-SBI Venture Partners launches second fund and makes first investment

Well Chip Group Bhd — principally involved in the provision of pawnbroking services and the trading of jewellery and gold — aims to raise RM172.5 million from its initial public offering (IPO) exercise, ahead of its listing on the Main Market of Bursa Malaysia.

Britain is in a deep investment hole. Public expenditure is due to fall regardless of who wins next month’s election, while business spending is also at a low ebb. To dig the country out of its investment crisis, the party that wins national elections on July 4 has a range of options that could fudge counterproductive fiscal rules.

UK investment crisis calls for taxes and U-turns

Hong Leong Investment Bank (HLIB) has maintained its 'hold'&nbsp;rating for Astro Malaysia Holdings Bhd (KL:ASTRO) at 34 sen, with a lower target price of 30 sen (from 31 sen), saying Astro chalked in a soft showing with core earnings of RM23.2 million for the first quarter ended April 30, 2024 (1QFY2025), down 17% quarter-on-quarter&nbsp;or 68% lower year-on-year, coming in below house (11%) and consensus (13%) expectations.

HLIB trims target price for Astro to 30 sen, cuts FY2025-26 forecasts

The outlook for China’s exports is set to improve, buttressing growth in the world’s second-biggest economy even as consumer spending slows, according to a Bloomberg survey of economists.

Economists raise China growth forecasts as exports improve

Indonesia's antitrust agency on Wednesday said in a statement that e-commerce firm Shopee had admitted to having violated a monopoly rule for its courier service in Indonesia.

Indonesia says Shopee admits to violating monopoly rule

RHB Retail Research said CTOS Digital Bhd (KL:CTOS) is eyeing to extend the upside movement after testing the immediate resistance.

In a trading stocks note on Wednesday, the research house said the stock had charted a series of “higher highs” with “higher lows”, showing that the bullish momentum is strong.

CTOS Digital could extend upside movement, says RHB Retail Research

The Nasdaq rallied 1.3% on Tuesday, buoyed by strength in Nvidia and other tech megacaps, while the Dow slipped as retailers weighed and investors waited for crucial inflation data due out this week.

Nasdaq ends higher on tech strength; Dow pulls back

RHB Retail Research said MESB Bhd (KL:MESB) is posing a bullish setup after climbing above a key resistance.

In a trading stocks note on Wednesday, the research house said the counter had closed above the 58 sen resistance, confirming the bullish setup, while the 21-day simple moving average line was trending upwards.

MESB posing bullish setup, says RHB Retail Research

The felling of 90 high-risk trees recommended for removal around Kuala Lumpur is currently under way and expected to be completed by early July, according to Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa.

Ninety high-risk trees in KL to be felled by July — minister

Volkswagen AG (VW) will invest US$5 billion (RM23.53 billion) to form a joint venture with electric vehicle (EV) maker Rivian Automotive Inc, throwing a lifeline to the struggling start-up and giving the German automaker access to the American EV&nbsp;company’s technology.