<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 8): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Thursday:</div>

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A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI slips 0.09% to 1,590.38 on Aug 8, 2024

Yinson Holdings Bhd’s (KL:YINSON) renewables business unit, Yinson Renewables, has secured a US$59 million (RM262.48 million) senior secured green financing facility for the Matarani solar project in Peru from IDB Invest and Natixis Corporate and Investment Banking (Natixis CIB).

Yinson Renewables gets US$59m financing for Matarani solar project in Peru

CIMB Group Holdings Bhd (KL:CIMB), Malaysia’s second-largest bank by assets, saw its net profit for the third quarter rose nearly 10% from a year earlier, thanks to healthy growth in both net interest income (NII) and non-interest income (NOII).

CIMB Group’s 3Q net profit rises nearly 10%, on track to hit ROE target

AMMB Holdings Bhd (KL:AMBANK) could potentially deliver higher-than-expected dividends thanks to its stronger capital position and earnings growth, analysts flagged on Thursday.

AMMB's stronger capital position affords higher-than-expected dividend payouts — analysts

The Ministry of Transport (MOT) will examine the implications of making car insurance compulsory for private car passengers, as it could, among others, significantly impact insurance costs for vehicle owners.

MOT to examine implications of compulsory car insurance for private car passengers

(Nov 28): Global hedge funds and private equity firms are gravitating towards Japanese companies, in a bid to unlock as much as ¥25 trillion (US$165 billion, or RM733 billion) in undervalued real estate.

Hedge funds pile into Japan’s US$165b hidden property trade

theedgemalaysia.com highlighted one stock with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday.

Stocks with momentum on Nov 28, 2024: Southern Cable, Notion VTec and Minox

The incoming president of the US is playing golf with two associates. They all tee off and while his flight-mates hit straight down the middle, Donald Trump hits into the pond. When they arrive to play their second shots, two of them are surprised to find three balls on the grass. “Yours went into the water — I saw the splash,” says one. “Well, that’s my ball,” says Trump, pointing to a third sitting on the fairway. “It must have been the tide.”

Business of Sports: World of sport braces for Trump’s high tide

Alliance Bank Malaysia Bhd (KL:ABMB) said its second-quarter net profit increased marginally by 2.47% year-on-year (y-o-y), mainly driven by revenue growth which was offset by higher allowances for expected credit losses and operating expenses.

Alliance Bank’s 2Q net profit up 2.5%, pays 9.50 sen dividend

Hong Leong Financial Group Bhd (KL:HLFG), the financial services flagship of tycoon Tan Sri Quek Leng Chan, said on Thursday its net profit rose 14% in the first financial quarter from a year earlier, driven by the banking and insurance businesses.

Hong Leong Financial Group's 1Q net profit rises 14% as banking, insurance arms report gains

Thailand’s stock exchange plans to use artificial intelligence tools to improve monitoring of listed companies as it grapples with rising instances of corporate fraud.

Thai exchange to use AI to improve oversight of listed firms

T Ananda Krishnan, a billionaire tycoon with an empire stretching from telecommunications to oil and gas, passed away on Thursday at the age of 86.

Billionaire tycoon Ananda Krishnan passes away — statement

Shares of NationGate Holdings Bhd (KL:NATGATE) fell in early trading after its third-quarter results came in below analysts expectations.

NationGate shares slide in early trade after 3Q results miss expectations

Toh Puan Na’imah Abdul Khalid, the widow of the late former finance minister Tun Daim Zainuddin, will have her passport unconditionally returned to her by the Sessions Court, after the Court of Appeal (COA) on Thursday overturned a High Court decision which previously denied her application to have the documents returned to her.

Daim’s wife gets unconditional return of her passport from Court of Appeal

China is continuing to buy US soybeans, confounding some traders who had expected the flow of shipments to slow down ahead of a potential trade war between both countries.

A Chinese state buyer picked up at least eight cargoes last week to build national reserves, according to traders familiar with the sales.

China keeps buying US soy in surprise move after Trump’s win

Technology stocks on Bursa Malaysia declined in early trading on Thursday, mirroring the decline in US technology stocks on Wednesday.

Tech counters decline in early trade on Bursa Malaysia

CIMB Group Holdings Bhd (KL:CIMB), Malaysia’s second-largest bank by assets, saw its net profit for the third quarter rose nearly 10% from a year earlier, thanks to healthy growth in both net interest income (NII) and non-interest income (NOII).

KUALA LUMPUR (Nov 28): Shares of Kerjaya Prospek Group Bhd (KL:KERJAYA) climbed to their highest in eight years, following an unexpected special dividend following third-quarter results.

Kerjaya Prospek shares test eight-year high as investors celebrate dividend surprise

Sime Darby Bhd's (KL:SIME) net profit jumped 36% in the first quarter ended Sept&nbsp;30, 2024 (1QFY2025) from a year ago, mainly on profit contributions from the UMW division and gain on disposal of Malaysia Vision Valley land.

Sime Darby's 1Q profit jumps 36% on UMW earnings, Malaysia Vision Valley land disposal

TA Securities has valued Main Market-bound TMK Chemical Bhd (KL:TMK) at RM1.99, given its main competitive advantages, including a strong market share in the inorganic chemicals market.

TA Securities assigns RM1.99 fair value to Main Market-bound TMK Chemical

Hong Leong Financial Group Bhd (KL:HLFG), the financial services flagship of tycoon Tan Sri Quek Leng Chan, said on Thursday its net profit rose 14% in the first financial quarter from a year earlier, driven by the banking and insurance businesses.

The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.

US preps China chip curbs that stop short of early proposals — Bloomberg

Carlo Rino Group Bhd (KL:CRG) is selling its shares at 27 sen apiece in an initial public offering (IPO) that could raise over RM46.4 million, according to its prospectus unveiled on Thursday.

Carlo Rino selling shares at 27 sen apiece for ACE Market listing, IPO may raise RM46.4 mil

KUALA LUMPUR (Nov 28): The prosecution has sought a postponement in their appeal against the acquittal of Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi in the foreign visa (VLN) system bribery case.

Zahid’s foreign visa bribery appeal: Prosecution seeks postponement, to brief new AG

IPOH (Nov 28): Developer Advancecon Holdings Bhd (Advancecon)(KL:ADVCON)&nbsp;has provided ex-gratia payments to 97 farmers engaged in farming activities on the site of the Silver Valley Technology Park (SVTP) project, owned by the Perak State Development Corporation (PKNPk), in Khantan, Chemor, here.

Silver Valley Tech Park project: Perak committee chairman says Advancecon paid ex-gratia to 97 farmers

Farm Fresh Bhd's (KL:FFB) net profit more than doubled in the second quarter ended Sept&nbsp;30, 2024 (2QFY2025), as contributions from Inside Scoop, Sin Wah and profitable Australian operations were boosted by decreased dairy raw material costs.

Farm Fresh declares dividend of one sen as 2Q earnings double

A selloff in giant technology companies dragged down stocks, while the latest economic data gave support to the Federal Reserve’s (Fed) cautious stance on rate cuts.

US stocks halt record-breaking rally as tech gets hit

Prime Minister Datuk Seri Anwar Ibrahim said on Thursday that the approach of obtaining helicopters for the country’s security forces through a leasing arrangement could ease the burden on the nation’s coffers.

PM defends RM16b leasing arrangement of helicopters for country's security forces

Axiata Group Bhd (KL:AXIATA), the country’s largest telecommunications company by revenue, returned to the black in the third quarter as currency gains and other one-off items offset a decline in operating income.

Axiata returns to the black in 3Q as one-off gains offset lower operating income

Asian shares were subdued on Thursday and the dollar was on the defensive after US data showed progress in slowing inflation had stalled even as the economy remained resilient, raising doubt over the path the Federal Reserve (Fed) could take next year.

Asian stocks subdued, dollar drifts ahead of US Thanksgiving

The risk of trade sanctions from the US due to Prime Minister Datuk Seri Anwar Ibrahim's vocal stance in defending the rights of the Palestinian people and state will be among the highlights of Thursday's Dewan Rakyat sitting.