<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 3): MM Computer Systems Bhd (KL:<a href="/askedge/klse/0456" class="ce-stock" target="_blank">MMCS</a>) said it has secured a purchase order worth RM51.58 million to supply graphics processing unit (GPU)-accelerated servers.</p></div>

<div class=newsTextDataWrapInner><p>“This contract underscores MMCS’s capabilities in delivering advanced IT infrastructure solutions amid growing demand for AI and high-performance computing technologies,” MMCS said in a statement on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>The IT solutions provider did not disclose the name of the party that awarded the contract to its wholly owned subsidiary, Micro Technology Solution Sdn Bhd, saying only that it is a Malaysian telecommunications infrastructure and data centre services provider.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>MMCS said the servers are designed to support computationally intensive workloads, including generative AI, large language model training and inference, deep learning, advanced data analytics and high-performance computing.</p></div>

<div class=newsTextDataWrapInner><p>The company expects the contract to contribute positively to its earnings and net assets per share.</p></div>

<div class=newsTextDataWrapInner><p>MMCS shares closed unchanged at 36.5 sen on Tuesday, valuing the company at RM207 million. The stock, which debuted on the ACE Market in June, has risen over 65% from its initial public offering price of 22 sen.</p></div>


MM Computer Systems Bhd (KL:MMCS) said it has secured a purchase order worth RM51.58 million to supply graphics processing unit (GPU)-accelerated servers.

MM Computer Systems bags RM52m job to supply AI-ready servers

Iran and the US are still far from a deal to end their war, a senior Iranian official told Reuters on Tuesday, while mediator Qatar stepped up efforts to bridge differences and avert a renewed escalation after the US midterm elections.

Iran-US deal still out of reach despite diplomatic push, Iranian official says

The government plans to develop about 50 latex depots next year to strengthen local rubber production, thereby reducing reliance on latex imports.

Zahid: Govt eyeing 50 additional latex depots in 2027 to reduce reliance on imports

Binance may have digested the largest ever crypto hack with relative ease, but not without ceding some of its dominance in digital-asset trading to rivals.

Binance loses market share to crypto exchange rivals after hack

Ferrari on Tuesday raised forecasts for this year's results marginally after beating consensus on core profit and revenue in the third quarter, helped by sales of higher-margin vehicles and contributions from the lucrative finishing touches added to its cars.

Ferrari nudges up full-year forecasts after beating consensus in 3Q

KUALA LUMPUR (Nov 3): Orkim Bhd (KL:ORKIM) plans to add five more tankers to its fleet between 2027 and 2029, as the marine transportation group continues to expand its carrying capacity amid favourable market conditions.

Orkim to add five more vessels to fleet by 2029

Finance Minister II Datuk Seri Amir Hamzah Azizan said he would discuss insurers’ restrictions on specialists’ access to direct billing with Bank Negara Malaysia (BNM), after concerns were raised over patients’ choice of doctors and continuity of treatment.

Amir Hamzah to discuss insurers’ restrictions on specialists with BNM, warns against practices driving up medical costs

Pfizer Inc raised its full-year outlook after it outperformed in the third quarter, as growing demand for its newer medicines helped the drugmaker offset declining sales of its Covid-19 products.

Pfizer raises 2026 forecast, extending pharma windfall

Gold prices fell on Tuesday, after gaining about 2% in the previous session, as energy-driven inflation worries kept investors on edge ahead of the US midterm elections.

Gold falls as higher oil stokes inflation fears ahead of US midterms

ES Sunlogy Bhd (KL:SUNLOGY) has been awarded two subcontracts worth a combined RM25.07 million by Kerjaya Prospek Group Bhd (KL:KERJAYA) for electrical and infrastructure works in Pulau Andaman, Penang.

ES Sunlogy wins two electrical works subcontracts from Kerjaya Prospek

Garment workers in Bangladesh staged a fourth day of wage protests on Tuesday, with police firing tear gas to disperse demonstrators as unrest disrupted factory operations and transport links in the country's vital export sector.

Bangladesh garment workers stage fourth day of wage protests

<p>IOIPG Malaysia Real Estate Investment Trust has priced its shares at 96 sen apiece for its Main Market listing.&nbsp;</p>


IOIPG Malaysia REIT sets Main Market IPO at 96 sen apiece

<p>Malaysia is among potential targets of cyberattacks amid the country’s growing digital infrastructure and positions on international issues, particularly Palestine and Gaza, the government warned.</p>


Malaysia a potential cyberattack target, Anwar warns

<div class="content-side-bar-box">
<p><span style="color:#c0392b;"><strong>Summary</strong></span></p>

<p>•&nbsp;&nbsp; &nbsp;654 buyers of 8 Conlay units face a vote within days on a RM700 million rehabilitation that would restart construction, wipe out LAD and end the Kempinski brand</p>

<p...

Light at the end of the tunnel for KL’s 8 Conlay?

<p>Malaysian retailers have warned of an "existential threat" posed by foreign e-commerce in an appeal to the Ministry of Finance (MOF).&nbsp;</p>


Malaysian retailers warn of 'existential threat' posed by foreign e-commerce in appeal to MOF

<p>PUTRAJAYA (Nov 3): A three-member Court of Appeal bench on Tuesday allowed lawyer Mahajoth Singh’s appeal to have the merits of his judicial review challenge against the Malaysian Anti-Corruption Commission (MACC) heard.</p>


Albert Tei’s lawyer wins appeal to have MACC challenge heard

<p>Oil prices rose more than US$1 on Tuesday, as an Iranian official said a deal to end the war was far off, while the US struck Iran's Qeshm Island, fuelling concerns over the escalation of hostilities and risks to energy supplies.</p>


Oil rises as peace prospects dim after US hits Iran's Qeshm Island

<p>PUTRAJAYA (Nov 3): A three-member Court of Appeal bench has deferred the hearing of the final appeal by a former magistrate who was convicted of six counts of graft and sentenced to 12 years’ jail and fined a total of RM1.05 million.</p>


Court of Appeal defers former magistrate’s final graft appeal over lawyer’s lack of preparation

<p>The Inland Revenue Board (IRB) has audited and investigated a total of 408,726 cases throughout this year, resulting in additional tax assessments amounting to about RM7.7 billion.</p>


IRB: RM7.7 bil in additional assessments discovered after auditing 408,726 cases

<p>Former prime minister Tan Sri Muhyiddin Yassin will submit a representation to drop the charge of uttering seditious words during the Nenggiri State Legislative Assembly by-election campaign in 2024, after the Pahang Ruler granted him an audience last week.</p>


Muhyiddin to seek withdrawal of sedition charge in 'positive development' with Pahang Palace

<p>The High Court has struck out the late Tun Daim Zainuddin's family&nbsp;suit challenging the police investigations against them for allegedly committing activities detrimental to parliamentary democracy.</p>


Court strikes out late Daim’s family legal bid against PM, IGP over allegations to topple govt

<div class="content-side-bar-box">
<p><span style="color:#c0392b;"><strong>Summary</strong></span></p>

<p>•&nbsp;&nbsp; &nbsp;Eng Lian group has proposed to take Toyo Ventures private via selective capital reduction (SCR) and repayment scheme at 28 sen per share</p>

<p>•&nbsp;&nbsp; &nbsp;Toy...

Eng Lian’s costly energy bet on Toyo Ventures ends in 28 sen buyout

<p>IOI Properties Group Bhd (KL:IOIPG) is looking to launch a private real estate fund for its Singapore assets in the next few months.</p>


IOI Properties to launch Singapore private fund in next few months, secondary listing in early 2027

<p>Malaysia’s Transport Minister Anthony Loke maintained his decision to step down once home confinement for former prime minister Datuk Seri Najib Razak begins, <i>Nikkei Asia</i> reported on Tuesday.</p>


DAP’s Loke still plans to quit Cabinet, says projects safe — report

<h3><span style="color:#d35400;">Malaysian REITs</span></h3>

<p><span style="color:#27ae60;"><strong>OVERWEIGHT</strong></span></p>

<p><strong>RHB INVESTMENT BANK (OCT 20):</strong> We continue to like the M-REITs sector for its defensive qualities, with underlying fundamentals still healthy d...

Brokers Digest: Local Equities - Malaysian REITs, CIMB Group Holdings Bhd, Gamuda Bhd, Mr DIY Group (M) Bhd

<p>Prime Minister Datuk Seri Anwar Ibrahim said on Tuesday that investigations into two failed gas pipeline projects involving a participation loan from the Export-Import Bank of China (China Exim Bank) remain&nbsp;open despite difficulties obtaining information involving both countries.&nbsp;</p>


Probes into two failed gas pipeline projects remain open despite difficulties obtaining information — PM

<p>KUALA LUMPUR (Nov 3): GDB Holdings Bhd (KL:GDB) on Tuesday said it has secured a construction contract worth RM877 million to demolish an existing factory and build a two-block, five-storey logistics hub in Seksyen 15, Shah Alam.</p>


GDB bags RM877m construction job to build logistics hub in Shah Alam

<p>Malaysian energy stocks hit a two-week low on Tuesday as oil prices slumped amid news reports of a potential US-Iran peace deal.</p>


Malaysian energy stocks hit two-week low as oil prices slump

<p>Tenaga Nasional Bhd (KL:TENAGA) has teamed up with IOI Corporation Bhd (KL:IOICORP) and a consortium of 12 small and medium enterprises (SMEs) to develop a 500MW solar power project in Bahau, Negeri Sembilan.</p>


Tenaga, IOI Corp, SME consortium to develop 500MW solar project in Negeri Sembilan

<p>The US carried out strikes on Iran's Qeshm Island in the Strait of Hormuz, a US official said on Monday.</p>


US carries out 'defensive' strikes on Iran's Qeshm Island

<p>Monies totalling RM14 billion in Malaysia are unclaimed as of September this year, as most of the beneficiaries are unaware what is owed to them or delay making claims.</p>
