Brokers Digest: Local Equities - MISC Bhd, Skyworld Development Bhd, Press Metal Aluminium Holdings Bhd, Hong Leong Bank Bhd

Notable filings

Yew Lee Pacific Group Bhd’s (KL:YEWLEE) largest shareholder Ang Lee Leong sold a total of 78.43 million shares, or 14.67% of the industrial hardware and brush distributor’s share base, via direct business transactions (DBTs) between Feb 14 and 21.
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Insider Moves: Yew Lee Pacific Group Bhd, K Seng Seng Corp Bhd, LFE Corp Bhd, Datasonic Group Bhd, NexG Bhd, Matrix Concept Holdings Bhd

MALAYSIAN companies are no longer growing as aggressively in Asean as before, says Tan Sri Nazir Razak, urging them to step up lest they fall behind their regional counterparts.

The former banker, now chairman of the Asean Business Advisory Council, believes that for many companies, the...

Grow strongly in Asean once again or risk losing out, Nazir tells Malaysian corporates

"Non-Muslims don’t read the Quran, don’t read the hadith (Prophet Muhammad’s sayings and examples). They read you. So be a good ambassador of Islam.” I picked this quote from Khabib Nurmagomedov, a Dagestan-born Russian martial arts professional who competed in the Ultimate Fighting Championship ...

My Say: Let’s embrace patience, tolerance and compassion during Ramadan

INCREASINGLY, the stake held by Genting Bhd (KL: Genting) in its subsidiary Genting Singapore Ltd (GenS) appears not to be reflected in the share price of the parent company, a development that is said to have prompted its major shareholder to look at ways to extract better value from its investm...

Can Genting extract more value from GenS?

What’s in a name? Mine can be a great conversation starter, I’ve discovered. 

“I didn’t know you can use a Christian name!” I was told when I introduced myself.

“We share the same personalities in religion,” I responded.

Adam and Eve is just “Adam dan Hawa” in I...

Coffee Break: Nandri, xiexie, terima kasih

LAST week, two central banks in Asia implemented rate cuts. While the rate cut by the Bank of Korea was expected by the street, that by the Bank of Thailand (BOT) took most by surprise. The reductions came with downward revisions to gross domestic product (GDP) forecasts for 2025 on growth concer...

The State of the Nation: Domestic strength gives Malaysia room to gauge tariff effects

The new office of MaMing Group of Companies at PJX HM Shah Tower in Petaling Jaya, Selangor, takes up 6,760 sq ft — considerably larger than its previous 1,173 sq ft space in that tower. Its director Lee Yan Yaw says the move is in anticipation of a very busy year for the group with the planned r...

Cover Story: MaMing launching six projects this year

The writing was already on the wall for Nylex (M) Bhd (KL:NYLEX) as far back as August 2023. It had to look for a core business or face the prospect of being delisted from Bursa Malaysia.

Nylex has been an empty shell since the sale of its business to its parent company Ancom Bhd — whic...

Frankly Speaking: Nylex’s fixation with rail ends in delisting

STATE-controlled Permodalan Nasional Bhd (PNB) is understood to be looking to hive off its 51.02% stake in highway operations and maintenance outfit Prolintas Infra Business Trust (Prolintas IBT) (KL:PLINTAS).

It is learnt that PNB has made overtures to a few potential buyers on the pos...

PNB may sell stake in Prolintas IBT, other highways

PANTECH Global Bhd (KL:PGLOBAL), the spin-off unit of Pantech Group Holdings Bhd (KL:PANTECH), is making its debut on Bursa Malaysia’s Main Market on Monday, March 3. The special purpose vehicle was formed for the listing of the group’s subsidiaries Pantech Stainless & Alloy Industries Sdn Bh...

IPO Watch: Pantech Global makes debut on Main Market

A strange development took place at Cahya Mata Sarawak Bhd (KL:CMSB) last week. The deputy chairman of CMS, Datuk Seri Mahmud Abu Bekar Taib, filed a lawsuit against the company to inspect the accounts of five subsidiaries.

Mahmud is no ordinary shareholder of CMS. He is the deputy chai...

Frankly Speaking: Something amiss at CMS

THE financial results of companies listed on the Main Market of Bursa Malaysia for the quarter ended Dec 31, 2024 (4Q2024), were largely underwhelming, as more companies underperformed analysts’ expectations than those that outperformed.

As such, there could be some downside risks to ma...

4Q2024 earnings report card: More underperformers than outperformers overall 

There are two recent interconnected events that I would like to highlight. They represent key opportunities for the country, but which should also make us cautiously optimistic in the face of challenges ahead.

First, the Malaysian Investment Development Authority (Mida) recently reporte...

My Say: Malaysia, Asean and the tariff storm: Nothing to fear but fear itself

India’s central bank asked lenders to widen the scope of reporting offshore interest rate derivative trades as it seeks to better manage overseas flows, according to people familiar with the developments.

RBI said to ask lenders to report more offshore swap trades

LONDON (March 10): A tanker carrying jet fuel for the US military was hit by a container ship off northeast England on Monday, with the collision igniting a blaze on both vessels, causing multiple explosions and forcing both crews to abandon ship.

Tanker hired by US military ablaze off UK after hit by container ship

Local experts in cybersecurity are urged to collaborate with the government, so that the cybersecurity ecosystem in this country can be improved more comprehensively.

Anwar wants local experts to help improve national cybersecurity

South Korea’s new measures to boost foreign currency inflows are tinker-at-the-margins tweaks that will breed short-term stability while exposing the need for more fundamental policy changes, analysts say.

Korea’s new FX rules renew calls for more fundamental changes

Global long-term investors are placing billions of dollars worth of orders in Chinese deals after years of largely shunning them.

Big Chinese share sales are luring back long-term investors

Bank Negara Malaysia (BNM), in collaboration with the Ministry of Health (MOH) and the Employees Provident Fund (EPF), will take steps to develop basic health insurance and takaful products that emphasise the concept of value-based healthcare, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

BNM, MOH, EPF to develop basic health insurance, takaful products for more sustainable medical treatment access, says Zahid

BENGALURU (March 10): Oracle chief executive officer Safra Catz on Monday gave a strong growth outlook for its fiscal 2026 and 2027, indicating that the skyrocketing demand for advanced artificial intelligence (AI) computing shows no signs of slowing down.

Oracle gives strong long-term growth outlook as AI cloud demand soars

Taiwan started anti-dumping probes into beer and certain steel products from China, adding to a string of measures targeting Chinese exports by trade partners around the world.

China beer, steel hit with anti-dumping probes by Taiwan

Citigroup Inc downgraded its view on US equities while upgrading China to 'overweight', another sign of the growing divergence in the outlook towards the world’s top two markets.

Citi downgrades US stocks, raises China as 'America first' fades

Malaysian stocks fell on Tuesday as the country’s benchmark index plunged to its lowest in one year within minutes of trading, amid fallout from the overnight meltdown on Wall Street.

Malaysian stocks broadly lower, KLCI plunges to one-year low after Wall Street's sharp drop

Anxiety that tariffs and government firings will torpedo growth in the world’s largest economy extended a three-week stretch of volatility across global markets. American stocks got hammered as Wall Street tempered bullish views while demand for recession havens boosted sovereign bonds.

US stocks tumble, Nasdaq has its worst day since 2022

Aluminium smelters in China, the world’s biggest producer, are set to enjoy a sharp rebound in profits this year as the cost of their key raw material, alumina, plunges.

China’s aluminium firms set to enjoy sharp rebound in profits on stunning drop in raw material costs

Asian stocks took their cue from the Wall Street and fell sharply on Tuesday, as worries mounted that a wide-ranging trade war could dent US economic growth and result in a recession, leading skittish investors to&nbsp;the safe-haven&nbsp;Japanese yen.

Asian stocks slide as market sell-off deepens on US growth worries

KUALA LUMPUR (March 11): Malaysia’s upstream services firms in the oil and gas sector are expected to deliver strong earnings this year&nbsp;that belie their recent decline in valuations, said Kenanga Investment Bank.

Upstream oil and gas services stocks unduly punished amid strong earnings outlook, Kenanga says

Local consumer 'buy now, pay later' (BNPL) transactions surged in the second half of 2024 (2H2024), reaching RM7.1 billion, up from RM4.9 billion in 1H2024, said Finance Minister II&nbsp;Datuk Seri Amir Hamzah Azizan.

'Buy now, pay later' transactions hit RM7.1b in 2H2024, says Amir Hamzah

Bank Negara Malaysia (BNM), in collaboration with the Ministry of Health (MOH) and the Employees Provident Fund (EPF), will take steps to develop basic health insurance and takaful products that emphasise&nbsp;the concept of value-based healthcare, said Deputy Prime Minister&nbsp;Datuk Seri Dr Ahmad Zahid Hamidi.

CoreWeave, an artificial intelligence (AI) startup backed by Nvidia, has signed a five-year contract worth US$11.9 billion (RM52.6&nbsp;billion) with OpenAI ahead of its hotly anticipated stock market launch.

Nvidia-backed CoreWeave inks US$11.9b contract with OpenAI ahead of IPO

MANILA (March 11): Former Philippine president Rodrigo Duterte was served an Interpol arrest warrant from the International Criminal Court (ICC) on his arrival at Manila's main airport on Tuesday, the government said.

Philippines' ex-president Duterte arrested over 'drugs war' at International Criminal Court's request

Eurozone finance ministers are worried that the change of policy under the new US&nbsp;administration to embrace cryptocurrencies could affect eurozone monetary sovereignty and financial stability, top officials said on Monday.

EU worries US embrace of crypto assets could impact Europe's financial stability

Citigroup Inc&nbsp;downgraded its view on US equities while upgrading China to 'overweight', another sign of the growing divergence in the outlook towards the world’s top two markets.

PUTRAJAYA (March 11): The Court of Appeal on Tuesday has upheld the High Court decision made three years ago, which found the government liable for the unlawful detention of 1Malaysia Development Bhd (1MDB) critic Datuk Seri Khairuddin Abu Hassan, and for Khairuddin to be paid RM300,000 in general damages.

Unlawful detention case: Govt must pay 1MDB critic Khairuddin RM300,000 in general damages, says appellate court

Japan's trade minister fails to win tariff exemption assurance from US

Japan's trade minister fails to win tariff exemption assurance from US

Tesla Inc&nbsp;shares plunged to their worst day in more than four years, extending a slide in 2025 amid growing concerns on Wall Street about demand for the company’s electric cars.

Tesla tumbles most since 2020 on pullback in sales estimates

Crude palm oil’s (CPO) continued premium over rival oils, such as soybean, is turning away its key buyers&nbsp;— India, the European Union and China — according to Gleanuk Economics.

CPO price premium over rivals is turning its key buyers to competing oils — analysts

Executives from some of the world’s top oil and gas producers offered full-throated support for US President Donald Trump’s “energy dominance” on Monday, even as financial markets slumped on broader concerns about his economic agenda.

Oil CEOs back Trump’s energy agenda as crude hits six-month low

Apple Inc&nbsp;is preparing one of the most dramatic software overhauls in the company’s history, aiming to transform the interface of the iPhone, iPad and Mac for a new generation of users.

Apple preparing dramatic software overhaul for iPhone, iPad and Mac, Bloomberg reports

WASHINGTON (March 10): The Republican-controlled US House of Representatives set up a Tuesday vote on legislation that would keep the government funded and avert a partial shutdown, as Washington is rocked by President Donald Trump's rapid moves to slash federal agencies.

House Republicans set up Tuesday vote to avert govt shutdown

Talks between the US and China on trade and other issues are stuck at lower levels, people familiar with the matter said, with both sides talking past each other and failing to agree on the best way to proceed.

US-China tariff talks stuck at lower levels, stoking frustration — Bloomberg

JEDDAH (March 10): Ukrainian President Volodymyr Zelenskiy met with Saudi Crown Prince Mohammed bin Salman ahead of talks between Ukrainian and US&nbsp;officials that Washington hopes will deliver substantial progress towards ending Russia's war with Ukraine.

From The Edge

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From The Edge

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