<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 27): Rakuten Trade said SBH Marine Holdings Bhd (KL:SBH) may extend its upward trajectory, after it broke out from its 11-week&nbsp;U-shaped recovery pattern, with a second consecutive white candle to surpass the 30 sen resistance on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>In a technical view note on Thursday, the research house said the stock hit a new all-time high, coupled with a rising exponential moving average, and hence additional upside strength may prevail in the near term.</p></div>

<div class=newsTextDataWrapInner><p>“We expect the positive momentum to steer the stock higher, and test the next resistance level of 34 sen (R1), followed by 37 sen (R2) in the near term.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“On the downside, stop-loss is set at 26.5 sen, below June 21's low,” Rakuten&nbsp;Trade said.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/713799" target="_blank">SBH Marine posts RM972,000 net profit in 1Q</a></em></p></div>


Rakuten Trade said SBH Marine Holdings Bhd (KL:SBH) may extend its upward trajectory, after it broke out from its 11-week U-shaped recovery pattern, with a second consecutive white candle to surpass the 30 sen resistance on Wednesday.

SBH may extend upward trajectory, says Rakuten Trade

China's manufacturing activity fell for a second month in June while services activity slipped to a five-month low, an official survey showed on Sunday, keeping alive calls for further stimulus as the economy struggles to get back on its feet.

China's June factory activity contracts again, services slows 

Canada's WestJet Airlines said late on Saturday that it has cancelled a total of 407 flights affecting over 49,000 passengers after the carrier and the union representing its striking mechanics failed to reach an agreement.

Canada's WestJet cancels more flights after failing to reach agreement with union

The police have confirmed receiving a report and are conducting an investigation regarding a Facebook post by Kelab Penyokong PAS Malaysia that implicated the Regent of Johor, Tunku Mahkota Ismail Sultan Ibrahim, in an allegation of corruption involving another individual.

Johor police probing Facebook post linking TMJ to bribery case 

The Rakyat Tolak Anwar gathering in Putrajaya on Saturday will not affect the campaign momentum of Pakatan Harapan’s (PH) machinery for the Sungai Bakap state by-election.

Saifuddin: Anti-Anwar rally will not affect campaigning for Sungai Bakap poll 

French voters cast their ballots on Sunday in the first round of a snap parliamentary election that could usher in the country's first far-right government since World War Two, a potential sea change at the heart of the European Union.

France to vote in election that could put far right in government

Australian inflation remains too high but its path lower is following countries like the US and Canada, Treasurer Jim Chalmers said Sunday.

Australia’s treasurer says local inflation following US, Canada

US employers probably tempered their hiring while wage growth moderated in June, another favourable development for Jerome Powell and his Federal Reserve colleagues seeking more confirmation that inflation is slowing.

US employment seen moderating along with wage growth

Regulators in Asia have tightened the screws on trades popular among hedge funds as stocks slumped, an attempt to stabilise markets that some worry may end up stifling key strategies.

High-speed traders, short sellers face growing Asia crackdown

President Joe Biden embarked on a series of fundraising events across two states on Saturday as he works to stamp out a crisis of confidence in his re-election campaign following a feeble debate performance that dismayed his fellow Democrats.

Biden hits fundraising trail in show of strength after dismal debate performance

In the July 1 issue of City & Country, we look at the growing data centre business in Malaysia, thanks to several key reasons as highlighted by property experts familiar with the progress of this burgeoning sector.

Data centre sector in Malaysia continues to grow

<p>In the July 1 issue of <i>City &amp; Country</i>, we look at the growing data centre business in Malaysia, thanks to several key reasons as highlighted by property experts familiar with the progress of this burgeoning sector.</p>


<p>Regulators in Asia have tightened the screws on trades popular among hedge funds as stocks slumped, an attempt to stabilise markets that some worry may end up stifling key strategies.</p>


<p>The police have confirmed receiving a report and are conducting an investigation regarding a Facebook post by Kelab Penyokong PAS Malaysia that implicated the Regent of Johor, Tunku Mahkota Ismail Sultan Ibrahim, in an allegation of corruption involving another individual.</p>


<p>A new book <i>titled Globalization: Perak’s Rise, Relative Decline, and Regeneration</i> by DYMM Paduka Seri Sultan Nazrin Shah discusses and documents his state’s cycles of fortune set against a backdrop of the world’s economic, social and political history.</p>


Silver lining

<p>US employers probably tempered their hiring while wage growth moderated in June, another favourable development for Jerome Powell and his Federal Reserve colleagues seeking more confirmation that inflation is slowing.</p>


<p>President Joe Biden embarked on a series of fundraising events across two states on Saturday as he works to stamp out a crisis of confidence in his re-election campaign following a feeble debate performance that dismayed his fellow Democrats.</p>


<p>The <i>Rakyat Tolak Anwar</i> gathering in Putrajaya on Saturday will not affect the campaign momentum of Pakatan Harapan’s (PH) machinery for the Sungai Bakap state by-election.</p>


<p>China's manufacturing activity fell for a second month in June while services activity slipped to a five-month low, an official survey showed on Sunday, keeping alive calls for further stimulus as the economy struggles to get back on its feet.</p>


<p>French voters cast their ballots on Sunday in the first round of a snap parliamentary election that could usher in the country's first far-right government since World War Two, a potential sea change at the heart of the European Union.</p>


<p>Australian inflation remains too high but its path lower is following countries like the US and Canada, Treasurer Jim Chalmers said Sunday.</p>


<p>Canada's WestJet Airlines said late on Saturday that it has cancelled a total of 407 flights affecting over 49,000 passengers after the carrier and the union representing its striking mechanics failed to reach an agreement.</p>
