<div class=newsTextDataWrapInner>KUALA LUMPUR (June 14): RHB Retail Research said Cengild Medical Bhd (KL:<a href="/askedge/klse/0243" class="ce-stock" target="_blank">CENGILD</a>) is eyeing a bullish breakout after testing the immediate resistance level with strong volume.</div>

<div class=newsTextDataWrapInner>In a trading stocks note on Friday, the research house said that it had charted a bullish candlestick to form a fresh “higher high”.</div>

<div class=newsTextDataWrapInner>“We observed that trading volume is increasing in tandem with the share price, showing that bullish momentum is picking up. If it breaks past the 32.5 sen resistance, we expect follow through momentum towards 34.5 sen, followed by 37 sen.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“A fall below the 30 sen support level would resume the correction,” the research house said.</div>

RHB Retail Research said Cengild Medical Bhd (KL:CENGILD) is eyeing a bullish breakout after testing the immediate resistance level with strong volume.

Cengild eyeing bullish breakout, says RHB Retail Research

Apollo Global Management co-founder Marc Rowan will be called to testify for the defence in Charlie Javice’s trial on charges that she defrauded JPMorgan Chase & Co in the bank’s US$175 million (RM775.75 million) acquisition of her student-finance startup, Frank.

Apollo’s Rowan to be first defence witness at Javice fraud trial

A safety warning system went off in a Delta Air Lines regional jet before it landed and flipped belly-up at Canada's largest airport in February, indicating a fast rate of descent, the country's Transportation Safety Board (TSB) said on Thursday in a preliminary report on the accident.

Fast descent warning triggered on Delta jet that landed belly-up in Toronto

Iskandar Waterfront City Bhd (KL:IWCITY) has proposed a regularisation plan involving the issuance of new shares to settle outstanding debts, a private placement and a capital reduction in order to exit its affected listed issuer status.

Iskandar Waterfront City unveils regularisation plan to convert debt into equity, issue new shares  

Sales of previously owned homes in the US unexpectedly bounced back in February, spurred by a greater supply of houses and improved weather heading into the crucial spring period.
 
Contract closings increased 4.2% to an annualised rate of 4.26 million in February, according to National Association of Realtors (NAR) figures released on Thursday. The figure exceeded all estimates in a Bloomberg survey of economists.

US existing-home sales top estimates, rebound from bad weather

eronimo Martins SGPS SA, Portugal’s biggest retailer by market value, is working on a strategic plan for the next five years that will involve boosting annual sales to as much as €50 billion (RM241.77 billion).

Jeronimo Martins targets €50 bil in sales within five years

Brent crude futures are trading at a rare discount to Middle Eastern oil, with growing production in Europe and the Mediterranean heaping pressure onto markets for the high-quality oil that underpins the global benchmark.

Oil indicator flashes weakness in key Western crude markets

US stock indexes dropped on Thursday, as worries about the repercussions of an ongoing global trade war resurfaced, a day after the Federal Reserve left interest rate steady but warned of an uncertain economic backdrop.

Wall Street trips as tariff concerns resurface; US Fed boost short-lived 

The number of Americans filing new applications for unemployment benefits increased slightly last week, suggesting the labour market remained stable in March, though the outlook is darkening amid rising trade tensions and deep cuts in government spending.

US labour market remains stable, but job opportunities limited 

Scanwolf Corp Bhd (KL:SCNWOLF) has secured a RM42 million contract for sub-structure works on two commercial blocks in Jalan Ampang in a related-party transaction (RPT).

Scanwolf secures RM42 mil sub-structure contract for mixed-use project in KL in related-party deal

Apple is losing more than US$1 billion (RM4.4 billion) a year on its streaming service Apple TV+, the Information reported on Thursday, citing two people familiar with the matter.

Apple losing over US$1b a year on streaming service — report

Genting Malaysia Bhd (KL:GENM) is likely to remain a value trap given its weak earnings prospects, according to Phillip Capital Research.

Genting Malaysia likely to remain a value trap with weak earnings prospects — Phillip Research

IJM Corp Bhd (KL:IJM) has strongly refuted false and malicious allegations circulating online about the construction company and its leadership.

IJM Corp files report with MCMC over false allegations, warns of legal action

Top Glove Corporation Bhd (KL:TOPGLOV), the world’s largest natural rubber glove maker, remained in the black for the second consecutive quarter, thanks to a surge in sales.

Top Glove in the black for another quarter as sales surge

Malaysia is looking for "structured engagement" with India in the latter's pursuit of a viable semiconductor manufacturing industry.

Malaysia's Deputy Minister of Investment, Trade and Industry Liew Chin Tong on a visit to India said Malaysia is keen to be part of "India's semiconductor story" by offering expertise in key areas.

Malaysia wants to be part of India's 'semiconductor story', says Liew

THERE is no denying that the Employees Provident Fund’s (EPF) 6.3% dividend declared for both conventional savings and shariah savings for 2024 is nothing short of spectacular and would have been celebrated with more vigour — if not for the lingering questions surrounding its seemingly untimely s...

Special Report: Dispelling aspersions surrounding EPF’s impressive 6.3% dividend for 2024

A massive selldown by institutional investors&nbsp;would only have a “mild” impact on the Malaysian market while their domestic funds remain relatively resilient, the latest stress test&nbsp;showed.

KLCI can withstand sharp sell-off by institutional investors, stress test shows

Shareholders of Pharmaniaga Bhd (KL:PHARMA) have approved its proposal to raise up to RM653.52 million in cash, which is part of the company’s revised regularisation plan to lift it out of Practice Note 17 (PN17) status.

Pharmaniaga’s RM653.52m cash call gets shareholder nod

Microsoft Corp, alongside its partners and cloud-consuming customers, is projected to generate US$10.9 billion (RM48.3 billion) in new revenue for Malaysia, of which its hyperscale cloud region contributes 16.9%, between now and 2028.

Microsoft’s cloud expansion in Malaysia to generate nearly US$2b in revenue over three years — study

The Securities Commission Malaysia (SC) is collaborating with Khazanah Nasional Bhd to introduce the tokenisation of bonds and sukuk this year, a move aimed at broadening retail participation in Malaysia’s capital market.

SC, Khazanah to introduce tokenisation of bonds, sukuk in 2025

The Kuala Lumpur City Hall (DBKL) is playing a facilitating role in ensuring that the relocation of the Dewi Sri Pathrakaliamman Temple from the private land in the busy Jalan Masjid India area to a new location can be resolved smoothly.

Mayor Datuk Seri Dr Maimunah Mohd Sharif said that as a party entrusted by the government, DBKL has taken proactive steps to come forward to help find the best solution for all parties involved.

DBKL to facilitate relocation of Dewi Sri Pathrakaliamman Temple

The Securities Commission Malaysia (SC) is looking to implement a new fee structure for capital market intermediaries by 2026, as part of efforts to increase revenue to cover its operation costs.

SC to introduce new fee structure to increase revenue in 2026

Greatech Technology Bhd (KL:GREATEC) has strong potential for long-term growth as it transitions into higher-value process automation, thanks to its recent acquisition of a distressed company at an attractive valuation, according to Maybank Investment Bank (Maybank IB).

Greatech sees potential for long-term growth with newly acquired Manz Slovakia — Maybank IB

Geely Automobile Holdings Ltd’s full-year profit more than tripled, beating analyst estimates, after the carmaker increased sales volumes and reduced costs to better compete in the cut-throat Chinese market.

Geely’s profit triples, beating estimates on strong sales

The prosecution in Muar Member of Parliament Syed Saddiq Syed Abdul Rahman's criminal appeal has urged the Court of Appeal to look at the young politician's actions holistically, alluding to a malicious intent to misuse funds from Armada, the youth wing of Syed Saddiq’s former party, Bersatu.

Look at Syed Saddiq's actions holistically in criminal case, appellate court told

The size of Malaysia's investment management industry surpassed the RM1 trillion mark for the first time in history in 2024, driven by strong unit trust fund (UTF) sales and favourable market conditions, the Securities Commission Malaysia (SC) reported.

SC: Investment management AUM exceeded RM1 tril for first time in 2024

Pawnbroker Well Chip Group Bhd (KL:WELLCHIP) looks set to ride on the coattails of record-high gold prices as underserved consumers turn to pawn loans, amid declining approval rates for conventional loan, Kenanga Research said.

Well Chip to benefit from high gold prices as consumers opt for pawn loans — Kenanga

Top Glove Corp Bhd (KL:TOPGLOV) is confident of achieving its glove sales target of 43 billion pieces for the financial year ending Aug 31, 2025 (FY2025), with stronger sales volume in the second half of the financial year.

Top Glove targets stronger sales in 2HFY2025, fuelled by improved conditions in US market

Malaysian property developers are optimistic that demand will pick up in the second half of the year, while staying cautious about rising costs of doing business ahead, according to an industry survey.

Developers optimistic property sales will pick up, cautious about rising costs, industry survey shows

Chinese entrepreneur Kai-Fu Lee expects just three AI models to survive a domestic shake-up triggered by the advent of DeepSeek, which up-ended the existing template for artificial intelligence development.

AI pioneer sees handful of models surviving US, China shakeout

Malaysia’s exports accelerated in February from a year earlier thanks to strong shipments of electronics and palm oil while deliveries to the US surged ahead of a slew of upcoming tariffs.