<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 10): Electrical and mechanical engineering company LFE Corp Bhd (KL:LFECORP) has bagged a contract worth RM14.68 million as a sub-contractor for air conditioning, mechanical ventilation, and building management system services.</p></div>

<div class=newsTextDataWrapInner><p>In filing with Bursa Malaysia, LFE Corp said its wholly owned subsidiary LFE Engineering Sdn Bhd had accepted the letter of award from Kajima (Malaysia) Sdn Bhd and Sunway Construction (SunCon) Sdn Bhd — a wholly owned subsidiary of Sunway Construction Group Bhd (KL:SUNCON).</p></div>

<div class=newsTextDataWrapInner><p>The contract, which commenced on March 20, 2024, is slated for completion by Feb 28, 2026. The project work is for the proposed Daiso GDC Warehouse at Pulau Indah, Port Klang.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>LFE Corp, whose share price has surged 78.95% year-to-date, said it did not expect any material risk arising from the contract other than normal operational risk, which the group would take appropriate measures to minimise.</p></div>

<div class=newsTextDataWrapInner><p>It added the contract is expected to contribute positively to the earnings and net assets per share of the group for the financial year ending Dec 31, 2024 and up to the expiry of the contract. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Shares in LFE Corp closed half a sen or 1.45% lower at 34 sen on Wednesday, with a market capitalisation of RM376.93 million.</p></div>


Electrical and mechanical engineering company LFE Corp Bhd (KL:LFECORP) has bagged a contract worth RM14.68 million as a sub-contractor for air conditioning, mechanical ventilation, and building management system services.

LFE Corp secures RM15 mil sub-contract in Selangor

The owner of the New York Sun is close to acquiring the UK’s Telegraph newspaper for more than £550 million (US$722 million or RM3.09 billion), according to the Financial Times (FT).

New York Sun owner close to £550m deal for Telegraph — FT

SEOUL (Oct 7): Samsung Electronics is expected to flag more than a four-fold jump in quarterly profit on Tuesday on improving demand for chips, but the pace of its recovery is weakening, as it is slow to cash in on the artificial intelligence boom.

Operating profit for Samsung...

Samsung's profit recovery seen weakening in Q3

Last Thursday (Oct 3), Johor Corporation (JCorp) subsidiary JLand Group launched container operations at Tanjung Langsat Port (TLP), making the port the third in the southern state to handle containerised cargoes.

Frankly Speaking: Ensure holistic development of Johor’s maritime facilities

A senior executive at Quebec’s public pension manager said the fund will likely provide financial backing to Alimentation Couche-Tard Inc, if it moves ahead with a takeover bid for Seven & i Holdings Co, the parent of the 7-Eleven chain.

Quebec pension fund says it’s ready to back Couche-Tard in Seven & i quest

(Oct 7): Earnings from Japan’s Fast Retailing Co, Ltd and Seven & i Holdings Co, Ltd should show how retailers are chasing growth overseas to make up for a lagging local consumer sector.

Uniqlo, 7-Eleven owners seek overseas growth amid weak consumption in Japan

(Oct 7): China’s top economic planner will hold a press briefing on Tuesday to discuss a package of policies aimed at boosting economic growth, as investors look for more stimulus measures from President Xi Jinping’s government.

China economic agency plans briefing as investors eye stimulus

Nintendo Co shares rose as much as 3.9% after a senior executive with Saudi Arabia’s sovereign wealth fund told local media it’s considering increasing its stakes in Japanese game companies.

Nintendo jumps as Saudi fund says open to bigger stake

(Oct 7): One of the best measures for gauging demand for cryptocurrencies suggests that some Chinese investors are shifting away from digital assets and back to the nation’s surging stock market.

‘Panic buying’ of Chinese stocks weighs on crypto’s most-traded token

Activist investor Starboard Value has taken a stake of about US$1 billion (RM4.27 billion) in Pfizer Inc, and is seeking to spur a turnaround of the struggling pharmaceuticals giant, according to a person familiar with the matter.

Activist Starboard Value taken US$1b stake in Pfizer, Bloomberg reports

The world-beating rally in Chinese stocks is failing to convince many global fund managers and strategists.

Invesco Ltd, JPMorgan Asset Management, HSBC Global Private Banking and Wealth, and Nomura Holdings Inc are among those viewing the recent rebound with skepticism and waiting for Beijing to back up its stimulus pledges with real money. Some are also concerned many stocks are already reaching overvalued levels.

China stock scepticism gets louder amid world-beating run

<p>Just outside the capital of Laos — a country with an economy smaller than Vermont — a US$6 billion (RM25 billion) rail line carves its way through rice paddies and forested mountains toward the border with China.</p>

<p>Further south, Malaysia’s king is seeking Chinese investors for a high-speed rail to Singapore, while in Vietnam, a US$6.3 billion trio of railroads built by Beijing are a linchpin in the nation’s efforts to bolster its economy and regional trade ties.</p>


China’s bullet trains extend towards Singapore despite debt fears

<p>Malaysian semiconductor companies’ near-term earnings will be dragged by recent strengthening in the ringgit against the US dollar, though investors should focus on the medium- to long-term outlook, said TA Securities.</p>


TA tips buying semiconductor stocks following correction, look past forex impact

<p>Most Asian stocks are set to open higher in early trading after strong US jobs data underscored the health of the world’s largest economy and boosted soft landing hopes.</p>


Asian stocks eye early gains after US jobs report

<p>Foreign investors increased their equity sell-off on Bursa Malaysia last week, reaching a net selling high of RM1.1&nbsp;billion, the highest in 18 weeks, according to MIDF Research in a note on Monday.</p>


Foreign investors' net selling hits 18-week high of RM1.1b on Bursa

<p>Hezbollah rockets hit Haifa, Israel's third-largest city, Israeli police said early on Monday, and Israeli media reported 10 people were injured in the country's north.</p>


Hezbollah rockets hit Israel's Haifa, 10 injured

<p>Republican US&nbsp;presidential candidate Donald Trump on Sunday said he would slap tariffs as high as 200% on vehicles imported from Mexico as he ratchets up his protectionist trade rhetoric ahead of the Nov&nbsp;5 election.</p>


Trump threatens 200% tariff on vehicles imported from Mexico

<p>DAP never suggested the setting up of a unity government in Johor, and is comfortable playing a balancing role in the state.</p>

<p>DAP secretary general Anthony Loke Siew Fook said the party took its responsibility seriously as outlined in a degree by the King, Sultan Ibrahim Sultan Iskandar, who was the Sultan of Johor at the time, that the opposition assemblymen be named as balancers.</p>


DAP never proposed unity govt in Johor, comfortable with balancing role, says Loke

<p>The world-beating rally in Chinese stocks is failing to convince many global fund managers and strategists.</p>

<p>Invesco Ltd, JPMorgan Asset Management, HSBC Global Private Banking and Wealth, and Nomura Holdings Inc&nbsp;are among those viewing the recent rebound with skepticism and waiting for Beijing to back up its stimulus pledges with real money. Some are also concerned many stocks are already reaching overvalued levels.</p>


<p>Oil opened the week lower as traders weighed Israel’s potential retaliation against Iran for a missile attack last week, with US President Joe Biden discouraging a strike on Tehran’s crude fields.</p>


Oil drops as traders watch for Israel’s response to Iran strike

<p>Wanita DAP chief<strong>&nbsp;</strong>Teo Nie Ching has been elected as the Johor DAP chairman for the 2027/2027 term, replacing Deputy Investment, Trade and Industry Minister Liew Chin Tong, who has held the position since 2014.</p>


Teo Nie Ching replaces Liew Chin Tong as Johor DAP chairman

<p>The construction of Phase 1A of the Sabah Pan Borneo Highway (LPB) is facing delays due to land acquisition issues, and the extensive time required for utility relocation along the project alignment, said Deputy Works Minister Datuk Seri Ahmad Maslan.</p>


Sabah Pan Borneo project delayed by land acquisition issues, says Ahmad Maslan

<p>South Korea has ticked every box in an attempt to get its bonds included in a major FTSE Russell index, while India has steered clear of public overhauls — but the latter’s popularity with global investors may give it an edge to join a related benchmark.</p>


FTSE’s index revamp has Korean, Indian bond markets on watch

<p>The European Central Bank (ECB) will “quite probably” cut interest rates at its next meeting later this month, according to Governing Council member Francois Villeroy de Galhau.</p>


ECB will ‘quite probably’ cut rates this month, Villeroy says

<p>(Oct 7):&nbsp;One of the best measures for gauging demand for cryptocurrencies suggests that some Chinese investors are shifting away from digital assets and back to the nation’s surging stock market. &nbsp;</p>


<p>(Oct 7):&nbsp;China’s top economic planner will hold a press briefing on Tuesday to discuss a package of policies aimed at boosting economic growth, as investors look for more stimulus measures from President Xi Jinping’s government.</p>


<p>Activist investor Starboard Value has taken a stake of about US$1 billion (RM4.27 billion) in Pfizer Inc,&nbsp;and is seeking to spur a turnaround of the struggling pharmaceuticals giant, according to a person familiar with the matter.</p>


<p>Nintendo Co&nbsp;shares rose as much as 3.9% after a senior executive with Saudi Arabia’s sovereign wealth fund told local media it’s considering increasing its stakes in Japanese game companies.</p>


<p>A senior executive at Quebec’s public pension manager said the fund will likely provide financial backing to Alimentation Couche-Tard Inc, if it moves ahead with a takeover bid for Seven &amp; i Holdings Co, the parent of the 7-Eleven chain.&nbsp;</p>


<p>(Oct 7):&nbsp;Earnings from Japan’s Fast Retailing Co, Ltd&nbsp;and Seven &amp; i Holdings Co, Ltd&nbsp;should show how retailers are chasing growth overseas to make up for a lagging local consumer sector.</p>
