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Wed, 27 Jan 2021
7:52 AM S&P, Nasdaq slip from record levels as earnings season gains speed
7:16 AM Advancecon wins RM60.58mil ECRL job

KUALA LUMPUR: Advancecon Holdings Bhd’s subsidiary has been appointed the subcontractor for the proposed construction and completion of subgrade works for Package 3, Section 4 of the East Coast Rail Link project.
7:16 AM SC warns unlisted public companies

KUALA LUMPUR: The Securities Commission (SC) has cautioned unlisted public companies (UPCs) that they face a fine not exceeding RM10mil if they seek to raise funds from retail investors without a prospectus.
7:16 AM Firms to supply 18.4 million doses of vaccines

PETALING JAYA: Malaysia has secured deals to acquire 18.4 million doses of Covid-19 vaccines through Pharmaniaga Bhd and Duopharma Biotech Bhd.
7:16 AM RGT profit jumps on increased demand from overseas

PETALING JAYA: Hygiene care products manufacturer RGT Bhd posted record results for its second quarter ended Dec 31,2020 (2QFY21) due to a surge in overseas demand for its products such as sanitiser and soap dispensers, as a result of a Covid-19 pandemic.
7:16 AM HPP Holdings’ Q1 net profit at RM4.32mil

PETALING JAYA: Offset packaging printing specialist HPP Holdings Bhd posted a net profit of RM4.32mil for the second quarter (Q2) of its financial year ending May 31,2021. Consequently, its earnings per share (EPS) stood at 1.41 sen.
7:16 AM Property overhang may stabilise slightly

Vaccine availability, better sentiment will help spur market
7:16 AM Atrium REIT posts higher Q4 net profit

PETALING JAYA: Atrium REIT has posted a net profit of RM5.85mil for its fourth quarter ended Dec 31,2020 compared with a RM3.1mil net loss a year ago.
7:16 AM MDEC makes Dashika senior manager

PETALING JAYA: Malaysia Digital Economy Corp (MDEC) has appointed Dashika Gnaneswaran as senior manager for newsroom, in line with the agency’s recently-launched “Reinvent” change management exercise.
7:02 AM Reviving domestic investments

Economists call for incentives to boost businesses
7:02 AM UK job market better than feared during November lockdown

LONDON: The UK labour market proved more resilient than expected in the three months to November as an extension of government aid helped protect jobs amid a widespread lockdown.
6:51 AM Disney Plus Hotstar Eying up Launch in Malaysia - Report

LOS ANGELES: Plans may be afoot for the launch of streaming service Disney Plus in Malaysia. In the past few days verified accounts for the service appeared on Facebook and Instagram, though the Facebook one was subsequently taken offline.
6:43 AM Goldman Sachs CEO Solomon's annual pay drops 36% on 1MDB involvement

NEW YORK: Goldman Sachs Chief Executive David Solomon's annual pay fell by $10 million, or 36%, in 2020, according to regulatory disclosures filed on Tuesday.
6:37 AM Microsoft earnings rise as pandemic boosts cloud computing, Xbox sales

NEW YORK: Microsoft Corp on Tuesday reported its Azure cloud computing services grew 50%, the second quarter of acceleration in a business that had begun to slow as the global pandemic benefited the software maker's investment on working and learning from home
6:33 AM Oil prices steady as virus deaths rise, demand worries persist

NEW YORK: Oil prices were little changed on Tuesday as rising coronavirus deaths fed worries about the global demand outlook, but losses were capped by reports of a blast in Saudi Arabia.
6:28 AM GLOBAL-MARKETS-Stocks slip from highs; investors wait on Fed

NEW YORK: Global stocks slipped from record levels on Tuesday, with investors cautious as the Federal Reserve kicked off its two-day policy meeting and U.S. lawmakers continued to debate a new stimulus plan.
2:01 AM Earnings lifts European shares, German DAX outperforms
1:56 AM US East Coast hit with internet outage
1:49 AM L Catterton said to mull sale of Japanese eyewear chain Owndays
1:40 AM Wall St ticks higher on upbeat corporate earnings
1:36 AM PharmaMar soars 21% after journal Science confirms drug's efficacy against Covid
1:31 AM Freeport sees rising copper demand boosting 2021 results
1:19 AM Beyond Meat surges on PepsiCo plant-based snack deal
1:07 AM Saudi Aramco may sell more shares if market is right — PIF
12:52 AM Gerakan Sinar Rasuah Busters to help fight corruption
12:22 AM NCER spearheads socio-economic recovery in Perak via digital, tech industries
Tue, 26 Jan 2021
11:50 PM MPC urges industries to embark on circular economy practices
11:37 PM Duopharma, Pharmaniaga, Atrium REIT, PNE PCB, Gabungan AQRS, Poh Huat, Hwa Tai...
11:23 PM MCO: Face-to-face meetings still not allowed — Ismail Sabri
10:59 PM RGT's 2QFY21 revenue surges 165% on hygiene care products demand
10:54 PM Batu Kawan garners enough acceptance to take CCM private
10:29 PM AmEx profit falls 15% as pandemic pummels spending, shares drop
10:28 PM Covid: Public and private hospitals to operate in a hybrid manner — Health DG
10:23 PM New adventures for hedge fund rogue in US$200m Swiss fraud trial
10:18 PM Daily oil palm activities in Sabah to continue amid SOPs - associations

KUALA LUMPUR (Bernama) -- The oil palm plantation industry in Sabah is allowed to continue their daily operations within their respective lockdown boundaries in mitigating the spread of COVID-19.
10:10 PM MoH inks term sheet agreements with two vaccine suppliers
10:04 PM PNE PCB proposes share placement to raise RM21 million paring down borrowings...
9:53 PM WHO experts issue recommendations on Moderna Covid-19 vaccine
9:51 PM 99.7% of 51,102 checked business premises follow MCO SOP — KPDNHEP
9:06 PM Daily oil palm ops will continue in Sabah amid Covid SOPs, say associations
9:00 PM Evening 5: Five things you need to know today
8:47 PM SK Nexilis to build RM2.3bil copper foil facility in Kota Kinabalu

KUALA LUMPUR: SK Nexilis, a South Korean copper foil producer for electric vehicle (EV), is investing RM2.3bil to start its first overseas plant in Kota Kinabalu, Sabah.
8:38 PM Futures subdued ahead of earnings rush, Fed meeting
8:32 PM Oil prices tick up alongside European shares, Saudi blast reports
8:27 PM Verizon misses post-paid phone subscriber estimates
8:14 PM AstraZeneca offers EU earlier Covid-19 vaccine supplies in February, no clarity...
8:08 PM GE tops free cash flow estimates, provides upbeat 2021 outlook
7:59 PM Chin Teck 1Q net profit doubles on higher palm prices
7:58 PM Decision on MCO to be made only after assessment by Health Ministry, says...
7:45 PM Duopharma signs deal with Putrajaya to supply Russian Covid-19 vaccine
tag stockDPHARMA 0%,
7:36 PM MDEC appoints head of newsroom, brand and strategic partnerships
7:23 PM Atrium REIT’s 4Q NPI rises on revenue contribution from Bayan Lepas property
tag stockATRIUM 0%,
7:22 PM Gabungan AQRS wins RM83.57mil job

KUALA LUMPUR (Bernama) -- Gabungan AQRS Bhd’s (GBGAQRS) wholly-owned subsidiary, Gabungan Strategik Sdn Bhd (GSSB) has accepted a letter of award (LOA) to undertake construction works worth RM45.7 million from Teringin Sentral Sdn Bhd.
tag stockGBGAQRS 0%,
7:16 PM BSL Corp slides over unsuccessful corporate exercise

KUALA LUMPUR: Shares of BSL Corporation Bhd closed lower at 57.5 sen on Tuesday ahead of its announcement about a proposed corporate exercise involving a major shareholder which did not get through.
tag stockBSLCORP 0%,
7:12 PM BOJ's Kuroda says monetary policy has 'some limits'
7:05 PM Philip Morris faces risk of US cigarette alternative block
7:01 PM Sweden pauses Pfizer vaccine payments, seeks clarity on doses — report
7:01 PM Didi close to raising US$1.5b for trucking unit
6:58 PM Ant IPO could resume once issues resolved, China central bank says
6:53 PM RGT to speed up expansion as Q2 profit soars on strong export

KUALA LUMPUR: RGT Bhd, an exporter of hygiene and air care products, said strong demand for its soaps and sanitizers boosted its revenue and profits in the second quarter ended Dec 31.
tag stockRGTBHD 0%,
6:53 PM Gabungan AQRS bags two piling contracts worth RM84m
tag stockGBGAQRS 0%,
6:27 PM CIMB’s Go Digital to aid SMEs through digitalisation
tag stockCIMB 0%,
6:26 PM Duopharma to supply 6.4 million doses of Sputnix V vaccine

KUALA LUMPUR: Duopharma Biotech Bhd has entered into a deal to supply the Ministry of Health with 6.4 million doses of Covid-19 vaccine developed by Russia.
tag stockDPHARMA 0%,
6:22 PM Property market to see recovery in 2022 — Rahim & Co
6:09 PM Hartalega still has room to grow but some analysts cut target prices
tag stockHARTA 0%,
6:04 PM Pharmaniaga seals agreement with Malaysian govt to supply Sinovac Covid-19...
tag stockPHARMA 0%,
6:00 PM DNeX to reduce dependency on National Single Window
tag stockDNEX 0%,
5:53 PM Pharmaniaga signs deal to supply 12 million doses of vaccine to MOH

KUALA LUMPUR: Pharmaniaga Bhd has entered into a term sheet agreement with the Government to supply 12 million doses of Covid-19 vaccine developed by China's Sinovac Life Sciences Co Ltd.
tag stockPHARMA 0%,
5:52 PM Indonesia says new sovereign wealth fund attracts USD10b commitment

JAKARTA: Indonesia has received investment commitments of up to $10 billion from global firms for its ambitious sovereign wealth fund, a senior minister said on Tuesday, ahead of its launch expected this year.
5:45 PM Disappointing close for Bursa, Public Bank retains part of gains

KUALA LUMPUR: Bursa Malaysia joined key Asian markets to close lower on Tuesday as selling of glove stocks and Petronas-linked counters wiped out the earlier gains.
5:41 PM Indonesia says new sovereign wealth fund attracts US$10b commitment
5:34 PM Help smallholders arrange Covid-19 screenings for workers, plantation groups...
5:26 PM DNeX clarifies it has not received contract for cable job in Indonesia
tag stockDNEX 0%,
5:23 PM UBS reaps rich rewards from pandemic with best pre-tax profit since 2006
5:22 PM KLCI ends on flat note
5:22 PM SoftBank telco unit rotates CEO, Son steps down as chairman
5:19 PM German exporters more upbeat, sentiment hits highest since October: Ifo
5:17 PM Govt establishes Emergency Management Technical Committee to monitor...
5:15 PM Organised smallholders achieved full MSPO certification by end-2020 — MPOB
5:09 PM Jet engine maker Rolls-Royce cuts 2021 forecasts on travel slump
5:01 PM Thailand approves cuts on property tax, fees to ease virus impact
5:00 PM Public-private partnership, consolidation next stage of growth for KPJ...
4:57 PM MSCI to remove five Chinese firms from global index based on Trump order
4:55 PM Jet engine maker Rolls-Royce cuts 2021 forecasts on travel slump

LONDON: Britain's Rolls-Royce downgraded expectations for how much its engines would fly this year and warned of a big cash outflow, blaming extra travel restrictions aimed at stopping the spread of new COVID-19 variants.
4:50 PM Biscuit maker Hwa Tai's rally hits speed bump, slapped by UMA query
tag stockHWATAI 0%,
4:45 PM Foreign interest in Malaysia's bond market to remain strong despite likely...
4:43 PM Malaysia's debt securities still attractive even if OPR cut

KUALA LUMPUR: UOB Asset Management (M) Bhd expects another Overnight Policy Rate (OPR) cut to take place this year if the Movement Control Order (MCO 2.0) is extended beyond Feb 4,2021, or stricter measures are enforced by the government.
4:41 PM CIMB supports SMEs via CNY Go Digital offerings

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd have launched their CIMB CNY Go Digital offerings for small and medium enterprise customers.
tag stockCIMB 0%,
4:36 PM Property overhang to remain high in 2021

KUALA LUMPUR: The number of overhang properties is expected to remain high in 2021 based on income level, locations and prices, according to Rahim & Co International Sdn Bhd.
4:25 PM UK jobless rate highest since 2016 as second Covid-19 lockdown hits

LONDON: Britain's unemployment rate hit its highest in nearly five years in the three months to November, when coronavirus cases began to rise for a second time and most of the country returned to a partial lockdown.
4:10 PM Courts' priority on public interest cases; Najib's case to resume tomorrow
4:00 PM New lockdown casts shadow on banking prospects
tag stockPBBANK 0%, MAYBANK 0%, BIMB 0%, RHBBANK 0%,
3:52 PM 543 Covid-19 cases found among workers at Poh Huat furniture subsidiary
tag stockPOHUAT 0%,
3:51 PM UK jobless rate rises to highest since 2016
3:42 PM Advancecon bags RM60.6m ECRL subcontract
tag stockADVCON 0%,
3:21 PM Palm oil extends drop toward November low as demand outlook dims

KUALA LUMPUR: Palm oil is heading for its lowest close in almost three months as traders assess mounting concern about the strength of demand against a voluntary lockdown in Malaysia’s top producing state.
3:20 PM Meat import companies: 60% of AP holders are bumiputeras, says Kiandee
3:19 PM High Court allows Jepak, company in Rosmah's solar graft trial, to go into...
3:16 PM UBS reaps rich rewards from pandemic trading frenzy

ZURICH: UBS posted on Tuesday a 137% rise in fourth-quarter net profit, as high levels of client activity helped the world's largest wealth manager end 2020 on a strong note.
3:00 PM Virtual AGMs open to abuse
tag stockMENANG 0%,
3:00 PM BNM OPR cut seen as MCO drives Malaysian GDP slippage risk — UOB
2:48 PM Central Global, Eita Resources, Federal Intl Holdings, Hwa Tai, Paragon Union,...
tag stockCGB 0%, EITA 0%, FIHB 0%, HWATAI 0%, PARAGON 0%, RHONEMA 0%, SCIB 0%,
2:44 PM Yi says PBOC will balance stabilising growth, curbing risks
2:34 PM SkyWorld's SkyVogue Residences in Taman Desa open for sale
2:33 PM South Korea’s Kosdaq tops 1,000 for first time since dot-com bubble
2:23 PM More carats and sparkle: How LVMH plans to change Tiffany
2:21 PM Public Invest Research initiates 'outperform' call on Inari with target price...
tag stockINARI 0%,
2:16 PM INSTEP and UTP sign joint agreement to develop augmented reality app
2:07 PM Celcom appoints new leadership, Kamal Khalid joins as chief corporate and...
tag stockAXIATA 0%,
2:03 PM U.S.-China investments dwarf official figures: study
2:02 PM Poh Huat says 543 workers tested positive for Covid

KUALA LUMPUR: A total of 543 employees of furniture maker Poh Huat Resources Holdings Bhd's subsidiary have tested positive for Covid-19 during a screening exercise.
tag stockPOHUAT 0%,
2:00 PM Malls in secondary towns faring better than those in major cities
tag stockHEXTAR 0%,
2:00 PM Insider Moves: Acoustech Bhd, CN Asia Corp Bhd, Titijaya Land Bhd, Top Glove...
tag stockACOSTEC 0%, CNASIA 0%, TITIJYA 0%, TOPGLOV 0%, ACME 0%, BCMALL 0%,
2:00 PM Analysts turn cautious on IGB REIT, no thanks to MCO 2.0 
tag stockIGBREIT 0%,
1:59 PM Japan's lower house to pass controversial extra budget focusing on travel...
1:51 PM Hyundai Motor fourth-quarter profit jumps 57% on demand for SUVs, Genesis
1:35 PM Advancecon unit takes on ECRL subgrade works for RM60.58mil

KUALA LUMPUR: Advancecon Holdings Bhd's subsidiary has been appointed the subcontractor for the proposed construction and completion of subgrade works for Package 3, Section 4 of the Rast Coast Rail Link project for RM60.58mil.
tag stockADVCON 0%,
1:32 PM Biden extends Europe, Brazil travel restrictions, adds South Africa
1:31 PM KLCI ends morning session higher
1:20 PM Kuaishou to give Asian IPOs best start to a year since 2010
1:14 PM South Korea's 4Q GDP beats expectations, poised for strong 2021 rebound
1:11 PM Indonesia raises economic recovery budget to US$39b
1:01 PM Bursa bounces higher on Health DG's comments

KUALA LUMPUR: Bursa Malaysia advanced on a relief rebound on Tuesday following the Health Director General's comment that there probably would not be an further extension of the movement control order past Feb 4.
12:58 PM Ardern says New Zealand won’t open border to the world this year
12:57 PM SC reminds unlisted public companies to comply with guidelines, laws

KUALA LUMPUR: The Securities Commission Malaysia (SC) today reminded unlisted public companies (UPCs) seeking to raise funds from members of the public to comply with the Capital Markets and Services Act 2007 (CMSA) and relevant guidelines, especially when the offer is made to retail investors.
12:46 PM 'This is not normal' — Wall Street grows wary of stock bubbles
12:44 PM Democrats may try to pass Biden's Covid-19 bill with majority vote, says Schumer
12:42 PM Public Bank volume surges as stock trades ex-bonus issue
tag stockPBBANK 0%,
12:41 PM China says customs should prioritise inspection of Covid-19 vaccine exports
12:36 PM Bitcoin seen topping US$50,000 in long term as it vies with gold
12:26 PM Kamal Khalid joins Celcom as chief corporate, transformation officer

KUALA LUMPUR: Datuk Kamal Khalid will join Celcom Axiata Bhd as its chief corporate and transformation officer on Feb 1 as part of the telco's key senior management appointments.
tag stockAXIATA 0%,
12:18 PM SC reminds unlisted public companies to comply with guidelines, laws
12:08 PM Tokyo's apartment prices rise to near bubble-era high in 2020 — data
12:01 PM China, New Zealand ink upgraded free trade deal
11:40 AM MISC Group sIgns Neptune Declaration
tag stockMISC 0%,
11:37 AM Public Bank shares jump as bonus shares go ex

KUALA LUMPUR: Shares of Public Bank rose to a high of RM4.97 in early trade on Tuesday as the record four-for-one shares went ex.
tag stockPBBANK 0%,
11:35 AM US Senate votes overwhelmingly to confirm Yellen as first female Treasury chief
10:57 AM Dialog rebounds after yesterday's selldown
tag stockDIALOG 0%,
10:49 AM Genting New York operations may see sharp recovery after Covid-19-driven...
tag stockGENM 0%, GENTING 0%,
10:47 AM Tencent shares drop after nearing US$1 trillion valuation

HONG KONG: Tencent Holdings Ltd. fell Tuesday, after a world-beating surge in the stock pushed its market value to the cusp of $1 trillion for the first time.
10:31 AM Ringgit higher against US dollar at opening
10:24 AM Ringgit reverses recent losses against greenback

KUALA LUMPUR: The ringgit reversed recent losses to open higher against the US dollar Tuesday despite a cautious trading mode, an analyst said.
10:03 AM World dangerously dependent on Taiwan for semiconductors
10:00 AM Whopping 1.06 billion Widad shares crossed off-market since November
tag stockWIDAD 0%,
9:52 AM Catcha Group-linked SPAC files for IPO in the US to raise US$250m
9:36 AM Tencent shares drop after approaching US$1 trillion valuation
9:34 AM Quick take: Key ASIC rises 16% on new contract

KUALA LUMPUR: Shares in Key ASIC Bhd jumped 16% in early trade Tuesday after securing a RM21.22mil contract.
tag stockKEYASIC 0%,
9:32 AM Bursa rebounds, Public Bank, semicon top gainers

KUALA LUMPUR: Bursa Malaysia staged a rebound in early Tuesday, with Public Bank and semicon and tech stocks taking the lead as specualtion of a stricter lockdown to contain the Covid-19 pandemic eased.
9:31 AM From Pony Ma to Jack Ma, fortunes soar on Hong Kong stock rally
9:26 AM Tasco proposes one-to-four share split
tag stockTASCO 0%,
9:16 AM Trading ideas: Hartalega, IGB Reit, Bioalpha, Key ASIC, KNM, Kerjaya

KUALA LUMPUR: JF Apex Research expects Hartalega Holdings Bhd, IGB Real Estate Investment Trust, Bioalpha Holdings Bhd, Key Asic Bhd, KNM Group Bhd and Kerjaya Prospek Group Bhd to be among the stocks to watch on Tuesday.
tag stockHARTA 0%, IGBREIT 0%, BIOHLDG 0%, KEYASIC 0%, KNM 0%, KERJAYA 0%,
9:16 AM Quick take: Hartalega falls despite posting record profit

KUALA LUMPUR: Hartalega Holdings Bhd posted record quarterly profit for its third quarter ended Dec 31, 2020. But the stock is trading lower Tuesday morning.
tag stockHARTA 0%,
9:07 AM S&P assigns BBB minus to Genting NY, outlook negative

KUALA LUMPUR: S&P Global Ratings has assigned its 'BBB-' long-term issuer credit rating to Genting New York LLC (Genny) and with a negative oulook.
tag stockGENM 0%, GENTING 0%,
9:06 AM Hartalega down on profit taking after reporting profit rise
tag stockHARTA 0%,
8:48 AM Uncertain near-term outlook for IGB REIT

KUALA LUMPUR: Kenanga Research said the near-term outlook on IGB REIT remains uncertain given the resurgence of Covid-19 cases despite FY20 outperforming expectations.
tag stockIGBREIT 0%,
8:33 AM Hartalega earnings exceed expectations, says Kenanga

KUALA LUMPUR: Hartalega Holdings Bhd's recent earnings result was above expectations as it is expected to continue to benefit from higher average selling prices in the final quarter of FY21, said Kenanga Research.
tag stockHARTA 0%,
8:18 AM Asian stocks set for soft start, dollar mostly steady
7:40 AM Oil rises 1% on U.S. stimulus hopes, supply concerns
7:35 AM Stimulus jitters dent Wall St's early gains; Nasdaq, S&P at records
7:16 AM World’s richest shake off crisis in record setback to inequality

NAIROBI: The world is witnessing the greatest rise in inequality on record, with the poorest likely to feel the effects of the Covid-19 pandemic for years to come while the “mega rich” have already bounced back, according to Oxfam.
7:16 AM Arus Restu bags MIST subsea cable system job

Project is part of Myanmar-Malaysia-India-Singapore network
7:16 AM DNeX units sign deal to maintain submarine cables in Indonesia

KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) consortium has inked an agreement with PT Infrastruktur Telekomunikasi Indonesia (TelkomInfra) to maintain submarine cables in Indonesia
tag stockDNEX 0%,
7:16 AM IGB REIT determined to stay resilient

KUALA LUMPUR: Mall operator IGB Real Estate Investment Trust (IGB REIT) said its earnings slipped in the fourth quarter and warned that the outlook for 2021 has worsened with the re-introduction of the movement control order (MCO 2.0)
tag stockIGBREIT 0%,
7:16 AM Hartalega quarterly earnings hit RM1bil

KUALA LUMPUR: Hartalega Holdings Bhd delivered another record quarterly profit and predicted that demand for medical gloves will continue to outstrip supply for the next few years.
tag stockHARTA 0%,
7:16 AM Key ASIC secures RM21mil job

KUALA LUMPUR: Key ASIC Bhd’s wholly owned subsidiary Key ASIC Semiconductor Ltd has entered into a contract worth US$5.25mil (RM21.22mil) with Canvas Technology Pte Ltd.
tag stockKEYASIC 0%,
7:16 AM Insight - BP’s oil exploration team swept aside

LONDON: Nothing escapes the winds of change now sweeping through BP, not even the exploration team that for more than a century powered its profits by discovering billions of barrels of oil.
7:16 AM Foley-backed FTAC close to clinching US$7.3bil deal

NEW YORK: Blackstone Group Inc’s Alight Solutions is nearing a deal to go public via a merger with a blank-cheque special acquisition firm backed by investor Bill Foley, according to a person familiar with the matter.
7:16 AM Scrapyards fear for vessels

ANTWERP: Covid-19 is destroying the market for supertankers that deliver about a fifth of the world’s crude oil.
7:16 AM Strong Q4 results despite accounting wrinkle

Planters to gain from high prices of CPO, palm kernel
tag stockKLK 0%, SOP 0%, BPLANT 0%,
7:16 AM Market awaits fresh order book guidance

Analysts expect Serba to obtain additional contracts
tag stockSERBADK 0%,
7:16 AM PTP posts record throughput of 9.8 million TEUs

KUALA LUMPUR: Port of Tanjung Pelepas’ (PTP) throughput rose by more than 8% to 9.8 million TEUs (twenty-equivalent units) total throughput in 2020, which is a record, reaping from its more than RM700mil investment in its port.
7:16 AM Limited upside seen for FGV’s share price

PETALING JAYA: FGV Holdings Bhd’s shareholders should accept the takeover offer by the Federal Land Development Authority (Felda) given the limited upside for FGV’s share price, according to CGS-CIMB Research.
tag stockFGV 0%,
7:16 AM India’s economy shows signs of recovery

NEW DELHI: India’s economy showed signs a recovery is taking root as waning virus cases and a vaccine roll-out supported sentiment and as focus turns to further stimulus possible in the upcoming federal budget.
7:16 AM Foreign funds back in selling mode last week

KUALA LUMPUR: Foreign funds turned net sellers last week with net outflow of RM288.13mil against a net buying of RM326.06mil in the preceding week.
7:16 AM VW to claim damages from suppliers

BERLIN: German car manufacturer Volkswagen (VW) is looking into possible claims for damages against its suppliers Bosch and Continental due to a lack of semiconductors, Automobilwoche magazine reported.
7:16 AM Boohoo to buy Debenhams brand

BENGALURU: Online fashion retailer Boohoo Group Plc is set to acquire collapsed British department store group Debenhams in a cut-price deal that will result in the closure of the group’s remaining department stores, the Financial Times reported.
7:16 AM SoftBank Vision Fund loses another managing partner

TOKYO: SoftBank Vision Fund managing partner Colin Fan is leaving his role at the behemoth investment fund, marking the second departure of a managing partner this month, according to people with knowledge of the matter.
7:16 AM Electric vehicles to overtake gas guzzlers in India by 2030

MUMBAI: Electric-vehicle (EV) sales should overtake gas guzzlers in India by the end of the decade as prices become more aligned and infrastructure and technology improves, hopefully with help from the government, according to Mahindra & Mahindra Ltd, one of the country’s biggest automakers.
7:16 AM Marginal growth for residential market

Budget 2021 initiatives and HOC to spur demand
7:16 AM Gamuda to start benefitting from mega project

PETALING JAYA: Gamuda Bhd, whose 60%-owned subsidiary SRS Consortium Sdn Bhd is the project delivery partner (PDP) for the Penang transport master plan (PTMP), will begin the first reclamation works for the Penang South Island (PSI) project in the first quarter of this year.
tag stockGAMUDA 0%,
7:16 AM Bintai Kinden teams up with Aussie-listed firm

PETALING JAYA: Bintai Kinden Corp Bhd has inked a collaboration agreement with Australia-listed International Equities Corp Ltd to undertake two mixed property development and management projects in Melaka and Penang.
tag stockBINTAI 0%,
7:16 AM Bioalpha in vaccine distribution MoU

KUALA LUMPUR: Bioalpha Holdings Bhd’s subsidiary has entered a memorandum of understanding (MoU) with Zuellig Pharma Sdn Bhd for the import and distribution of the Covid-19 vaccine in Malaysia.
tag stockBIOHLDG 0%,
7:16 AM Hektar REIT properties revalued

PETALING JAYA: A revaluation exercise by Hektar Real Estate Investment Trust (REIT) on six of its properties has resulted in a revaluation deficit of RM38.3mil, representing 3.08% over the unaudited net book value of RM1.3bil as at Dec 31,2020.
tag stockHEXTAR 0%,
7:16 AM KNM’s indirect unit wins US deals

KUALA LUMPUR: KNM Group Bhd’s indirect wholly-owned subsidiary, FBM Hudson Italiana SpA (FBM), has entered into two agreements with Stamicarbon BV for the supply of a high-pressure carbamate condenser and stripper for a plant in the United States worth €6.14mil (about RM30.22mil).
tag stockKNM 0%,
7:02 AM Doing more to attract FDI flow

Improving investment climate is key, say economists
7:00 AM Wall Street grows wary of stock bubbles

LONDON/NEW YORK: Growing concerns about stock bubbles on Wall Street are sparking fears of a pullback, highlighted by the wild ride for shares such as GameStop Corp.
6:53 AM Bitcoin, crypto inflows hit record last week

NEW YORK: Investment flows into cryptocurrency funds and products hit a record $1.31 billion last week after a few weeks of small outflows, as investors took advantage of the decline in bitcoin and other digital asset prices, according to the latest data on Monday from asset manager CoinShares.
6:45 AM Oil price rises 1% on U.S. stimulus hopes, supply concerns

NEW YORK: Oil prices rose about 1% on Monday as optimism around U.S. stimulus plans and some supply concerns boosted futures, but demand worries prompted by coronavirus lockdowns limited gains.
6:37 AM GameStop shares soar 144% on short squeeze, then ease in wild trade session

NEW YORK: Shares of U.S. videogame retailer GameStop skyrocketed by 144% on Monday as short sellers scrambled to cover their positions in the stock, which then pared gains in a roller coaster session that featured nine trading halts for volatility.
6:29 AM Stocks lag, US$ advances on COVID-19 concerns

NEW YORK: Global stocks lagged and the dollar advanced in volatile markets on Monday, with sentiment hit by increasing COVID-19 cases, delays in vaccine supplies and uncertainty over a US$1.9 trillion U.S. stimulus plan.
2:23 AM Goldman Sachs-backed ON24 seeks US$2.22 bil valuation in IPO
2:09 AM File-sharing firm WeTransfer hires banks for Amsterdam IPO — sources
1:57 AM US retail brokerages falter in early trading — Downdetector
1:45 AM Weak German business morale, vaccine delays push European stocks to 2-week low
1:20 AM UN says financial markets the big winners from pandemic spending
1:05 AM Stocks mixed with stimulus hopes offset by Covid concerns
12:59 AM IBM appoints Martin Chee as general manager of IBM Asean
12:53 AM Nasdaq scales new high ahead of big-tech earnings; cyclicals lag
12:44 AM Aspen will transfer to SGX Mainboard on Jan 28
12:41 AM Covid-19: Thailand records 914 new cases following mass testing
12:33 AM Huge adoption of drone tech seen in agriculture sector this year — MDEC
12:20 AM Air Selangor allocates RM293 mil for non-revenue water reduction programmes
12:16 AM 153,250 plantation workers in Sabah ordered to undergo Covid-19 screening
Mon, 25 Jan 2021
11:49 PM MDEC announces ‘reinvent’ mission to attract digital investment
11:40 PM Hartalega, IGB REIT, Bioalpha, Key ASIC, KNM, Sunsuria, Kerjaya Prospek...
tag stockHARTA 0%, IGBREIT 0%, BIOHLDG 0%, KEYASIC 0%, KNM 0%, SUNSURIA 0%, KERJAYA 0%, BINTAI 0%, GESHEN 0%, AWANTEC 0%, PARAGON 0%, CENSOF 0%, DNEX 0%,
10:52 PM RM13 bil needed to improve water quality in Sabah — Bung Moktar
10:44 PM Top Glove: Well-being of employees paramount in expansion plans
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10:40 PM Provide Covid-19 coverage for policyholders — MEF
10:23 PM Penang private hospitals start admitting Covid-19 patients — Chief Minister
10:18 PM MITI: Govt can consider tightening SOPs to prevent outbreaks
10:12 PM Steel: Depleting iron ore supply among reasons for price increase — CIDB
10:01 PM Azmin: Economy does not run on 'off-on' mode, will take time to recover after...
9:48 PM EU urges AstraZeneca to find ways to speed up vaccine supplies
9:47 PM Nasdaq futures jump, hopes grow for stimulus
9:35 PM Foley-backed SPAC agrees to US$7.3 bil deal with Blackstone's Alight
9:07 PM DNeX inks consortium agreement to maintain submarine cables in Indonesia
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8:56 PM Censof to raise RM25m for working capital and to buy additional stake in...
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8:52 PM US corporate share buybacks are on the rise, lifting investor hopes

NEW YORK (Reuters) - U.S. corporate share buyback levels are slowly increasing after last year's pandemic-driven drop-off in spending, and investors are eager to see how much buybacks may support market gains.
8:51 PM EVENING 5: Five things you need to know today
8:50 PM Brought to its knees by Covid-19, Hotel Equatorial Penang to close on March 31
8:44 PM MITI: Govt can consider tightening Covid-19 SOPs to prevent outbreaks

KUALA LUMPUR (Bernama) -- The government may consider tightening the standard operating procedures (SOPs) to prevent outbreaks at ignition sites, and introducing clear guidance on geospatial planning such as quantifying indoor settings at any given time, said the Ministry of International Trade and Industry (MITI).
8:37 PM Merck ends Covid vaccine program, cites inferior immune responses
8:31 PM Construction steel prices climb on higher iron ore cost, tight supply

KUALA LUMPUR (Bernama) -- Inadequate supply of iron ore worldwide is among the reasons why the price of steel bars in the country’s construction sector has increased, said Construction Industry Development Board (CIDB).
8:30 PM Amazon tries to block Future's asset sale to Reliance after Indian regulatory...
8:18 PM KNM unit secures RM30mil supply job

KUALA LUMPUR: KNM Group Bhd said an indirect wholly owned subsidiary in Italy has secured a RM30mil contract to supply facility equipment intended for a plant in the US.
tag stockKNM 0%,
8:05 PM China's central bank to examine fintech firms for illegal credit scoring...
7:58 PM Philips sees good start to 2021 as pandemic-led demand continues
7:52 PM KNM’s Italian unit wins RM30.22m in contracts with O&G firm
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7:40 PM Hong Kong's Cathay Pacific warns of capacity cuts, higher cash burn
7:27 PM Dr Martens owners to raise US$1.78bil in London IPO

LONDON (Reuters) - The owners of Dr. Martens aim to raise close to 1.3 billion pounds (US$1.78 billion) from a London listing of the classic British boot brand, according to a lead manager.
6:54 PM IGB REIT sees slight drop in 4Q property income, proposes 2.08 sen distribution
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6:43 PM Key ASIC bags RM21.22m contract
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6:33 PM Hartalega quarterly net profit tops RM1bil for the first time as Covid-19 rages on

KUALA LUMPUR: Hartalega Holdings Bhd delivered another record quarterly profit and predicted that demand for medical gloves will continue to outstrip supply for the next few years.
tag stockHARTA 0%,
6:19 PM Hartalega 3Q net profit surges to RM1b
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6:00 PM Axiata explains dealings with Nepalese partner
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5:56 PM German business morale drops to six-month low on virus woes
5:51 PM Australia's securities regulator says server hit by cybersecurity breach
5:50 PM IGB REIT says retail centres to bear the brunt of MCO 2.0

KUALA LUMPUR: Mall operator IGB Real Estate Investment Trust (IGB) said its earnings slipped in the fourth quarter and warned that the outlook for 2021 has worsened with the re-introduction of the movement control order (MCO).
tag stockIGBREIT 0%,
5:44 PM KLCI falls 1.26% amid fears of more stringent lockdown
5:31 PM Singapore has 10-year plan to ramp up manufacturing by 50%
5:22 PM Deutsche Bank starts probe in relation to engagement with some clients
5:20 PM GlobalWafers lowers acceptance threshold in last attempt to save Siltronic deal
5:17 PM KLCI tumbles 20 points; over 1,100 stocks in red

KUALA LUMPUR: Bursa Malaysia sank into the red at closing with over 1,100 counters falling as heavy selling continued to bash down blue chips and small-cap stocks. KUALA LUMPUR: Bursa Malaysia sank into the red at closing with over 1,100 counters falling as investors continued to dump their shares amidst a lack of fresh catalysts.
5:16 PM Furniture maker Sern Kou sees 12.3% stake traded off-market

KUALA LUMPUR: Furniture maker Sern Kou Resources Bhd saw 32.05 million of its shares traded off market in the afternoon on Monday.
tag stockSERNKOU 0%,
5:15 PM Grab picks Morgan Stanley, JPMorgan for US IPO
5:00 PM SD Motors expects local assembly of Hyundai to increase
4:56 PM Govt seeks feedback on SOPs for halal certification process abroad
4:46 PM China's Huawei in talks to sell premium smartphone brands P and Mate - sources
4:35 PM Online Learning: What international schools need to focus on
4:32 PM CGS-CIMB upgrades semiconductor sector to 'overweight' on 5G network...
tag stockINARI 0%, MPI 0%,
4:10 PM Samsung Galaxy S21 Ultra 5G review: The premium upgrade you actually want
4:00 PM Paragon Union pares gains after hitting limit up at record high
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4:00 PM Newsbreak: Sources: LTAT to take Boustead private via SCR and up takeover price
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4:00 PM Almost 90% of employers in glove manufacturing comply with occupational safety...
3:55 PM Indonesia central bank governor predicts signs of inflationary pressure in 4Q
3:52 PM FMM warns industries to tighten SOPs or face another full-scale lockdown
3:43 PM Flexidynamic signs underwriting agreement with M&A Securities
3:41 PM CGS-CIMB raises MPI EPS for FY21-23 by 21% to 28% on robust chip demand
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3:30 PM Bialpha signs MoU with Zuellig Pharma for vaccine distribution

KUALA LUMPUR: Bioalpha Holdings Bhd's sudidiary has entered a memorandum of understanding with Zuellig Pharma Sdn Bhd for the import and distribution of the Covid-19 vaccine in Malaysia.
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3:30 PM Bioalpha to join vaccine distribution bandwagon
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3:29 PM Bintai Kinden, Australia firm to jointly undertake RM470 million GDV projects
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3:24 PM Gold eases on doubts over US stimulus passage

BENGALURU: Gold prices inched lower on Monday due to concerns that a massive economic stimulus in the United States may not be passed smoothly, although a weaker dollar limited bullion's losses.
3:16 PM Summary of business stories from Jan 18 to 24

Here's the summary of top stories on StarBiz Online last week
3:05 PM China's pigs become unexpected threat to palm oil's rally
3:00 PM The State of the Nation: MCO 2.0 could hasten OPR cut, stronger ringgit seen
2:55 PM Dominant down after announcing factory, warehouse fire
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2:52 PM PTP posted record throughput of 9.8m TEUs last year

KUALA LUMPUR: Port of Tanjung Pelepas’s (PTP) throughput rose by more than 8% to 9.8 million TEUs (twenty-equivalent units) total throughput in 2020, which a record, reaping from its more than RM700mil in its port.
2:43 PM SC adds digital asset exchange Bittrex Global Trading to investor alert list
2:35 PM CGS-CIMB in favour of accepting Felda's takeover offer for FGV shares
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2:29 PM Labour shortage in oil palm industry more harmful than price drop — KRI study
2:21 PM Indonesia FDI picks up in 4Q, but down in 2020 due to virus impact
2:20 PM Bintai Kinden teams up with ASX-listed International Equities

KUALA LUMPUR: Bintai Kinden Corp Bhd has inked a collaboration agreement with Australia-listed International Equities Corp Ltd to undertake two mixed property development and management projects in Melaka and Penang.
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2:17 PM Global life insurers impose restrictions, worried about long-term pandemic risks
2:15 PM Heriot-Watt University celebrates its milestone of 200th anniversary
2:04 PM Eng Kah, Eupe, Globaltech Formation, Malaysia Smelting Corp, Multi-Usage,...
tag stockENGKAH 0%, EUPE 0%, GLOTEC 0%, MSC 0%, MUH 0%, PARAGON 0%, RHONEMA 0%, SCIB 0%, SCICOM 0%,
2:00 PM Reimposition of MCO sparks déjà vu on local bourse
2:00 PM Thai private sector allowed to import Covid-19 vaccines
1:56 PM Electric vehicles to dominate in India by 2030, Mahindra says
1:47 PM Indonesia sees risks to growth on virus, natural disasters

JAKARTA: Indonesia sees downside risks for economic growth in the first quarter as the government imposed more restrictions to curb a worsening coronavirus outbreak, said the finance minister.
1:42 PM Tencent’s US$232b rally triggers frenzy in shares, options

HONG KONG: Hong Kong’s equity traders can’t get enough of Tencent Holdings Ltd., the $930 billion giant that’s on pace for its biggest ever monthly gain.
1:41 PM Ge-Shen subsidiary in Johor Bahru confirms 10 employees tested positive for...
tag stockGESHEN 0%,
1:38 PM HSBC’s CEO faces UK questions over Hong Kong account freezes
1:36 PM SEA group's Shopee scales up Brazil operations, eyes Latam potential — sources
1:31 PM Indonesia FDI picks up in 4Q but down in 2020 due to virus impact

JAKARTA: Foreign direct investment (FDI) into Indonesia in the fourth quarter last year rose 5.5% to 111.1 trillion rupiah ($7.92 billion), despite a slowdown earlier in the year, data from the country's investment board showed on Monday.
1:31 PM Bitcoin return to US$40,000 in doubt as greyscale fund flows slow
1:27 PM Ge-Shen subsidiary reports 10 Covid-19 cases among workers

KUALA LUMPUR: Ten workers of Ge-Shen Corporation Bhd’s subsidiary have been tested and confirmed positive for the Covid-19.
tag stockGESHEN 0%,
1:24 PM Tencent’s US$225b rally triggers frenzy in shares, options
1:20 PM Diversify into leave-your-home stocks to ride on global economic recovery
1:15 PM KLCI ends morning session lower
1:04 PM Australia approves Pfizer vaccine, warns of limited global AstraZeneca supply
1:00 PM 'We can't wait:' Biden administration fights for US$1.9 trillion Covid-19...
12:58 PM Tata in talks to launch Moderna's Covid-19 vaccine in India — ET
12:56 PM Labour shortage more serious than fall in CPO price

KUALA LUMPUR: Labour shortage is more detrimental to both estates and smallholders in Malaysia’s oil palm industry than a global price drop, according to a Khazanah Research Institute (KRI) study.
12:56 PM Analysts positive on Serba Dinamik post private placement exercise, expect '...
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12:55 PM Apple supplier Luxshare shares fall after US patent infringement notice
12:50 PM More profit-taking amid negative market sentiment

KUALA LUMPUR: Bursa Malaysia continued its bearish trend on Monday to kick off a holiday-shortened week amid the negative market sentiment.
12:42 PM CGS-CIMB: Worst over for CMMT share price but risks remain
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12:28 PM Taiwan ministry says TSMC will prioritise auto chips if possible
12:25 PM MCO 2.0: Important to balance economic, health aspects, says Ismail Sabri
12:20 PM South Korea eyes rich nation status as economy holds up
12:13 PM Samsung heir forgoes appeal of jail sentence in bribery case
12:09 PM World’s richest shake off crisis in record setback for equality — Oxfam
12:01 PM KLCI slumps below 1,600 points, Bursa decliners hit 900
12:00 PM Plaza Batai to be torn down for redevelopment
11:45 AM China's Kuaishou aims to raise up to US$5.42b in Hong Kong IPO
11:33 AM Prestariang unit seeks up to RM922m in damages after govt unilaterally...
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11:14 AM Vincent Tan’s take on Cardiff City’s new first-team manager
11:03 AM Bargain hunting lifts glove makers' share prices, say analyst, fund manager as...
tag stockHARTA 0%, SUPERMX 0%, TOPGLOV 0%, KOSSAN 0%, CAREPLS 0%, COMFORT 0%, RUBEREX 0%,
11:01 AM Court hearing for Tengku Adnan’s appeal fixed for April 22
10:52 AM Oil prices fall for second session as Covid-19 lockdown concerns cast pall over...
10:44 AM Foreign investors withdrew RM288.2m net local equities last week — Bank Islam
10:32 AM DNeX emerges as most active stock on acquisition plan
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10:28 AM Paragon Union climbs, hopes for higher takeover offer

KUALA LUMPUR: Shares of Paragon Union Bhd shares climbed to a high of RM1.08 a share early Monday as investors hoped the takeover offer price would be increased from 55 sen.
tag stockPARAGON 0%,
10:16 AM Foreign funds back in selling mode on Bursa last week

KUALA LUMPUR: Foreign funds turned net sellers last week with net outflow of RM288.13mil against a net buying of RM326.06mil in the preceding week.
10:16 AM Fire breaks out at Dominant Enterprise factory

KUALA LUMPUR: A fire broke out at Dominant Enterprise Bhd’s factory and warehouse in Muar on Saturday morning.
tag stockDOMINAN 0%,
10:16 AM Gold rises as US stimulus hopes bolster appeal
10:06 AM StashAway achieves assets under management of over US$1b
9:57 AM Ringgit opens slightly lower against US dollar
9:55 AM Ringgit opens lower on cautious demand

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today on cautious demand for the local currency, an analyst said.
9:50 AM Koon Hoi Chun buys controlling stake in Paragon Union
tag stockPARAGON 0%,
9:50 AM Dollar firm as economic, pandemic gloom damp risk appetite
9:46 AM Glove makers advance amid weaker broader market

KUALA LUMPUR: Glove makers made firm strides in early Monday trade as the Covid-19 infections continued to rise with Hartalega, which is expected to announce its results soon, was the top gainer.
9:36 AM Asian shares under pressure on rising coronavirus cases
9:30 AM Bursa Malaysia opens mixed
9:28 AM AmInvest Research keeps 'buy' on Serba Dinamik

KUALA LUMPUR: AmInvestment Research maintained its "buy" call and fair value on Serba Dinamik Holdings following the completion of its book-building exercise for its private placement.
tag stockSERBADK 0%,
9:25 AM Quick take: PLS Plantations soars after Nazir steps in

KUALA LUMPUR: PLS Plantations Bhd announced that former CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak has taken a stake, boosting its shares 11% higher in early trade Monday.
tag stockPLS 0%,
9:24 AM Makers of Sophia the robot plan mass rollout amid pandemic
9:18 AM World’s richest shake off crisis in record setback to inequality

THE world is witnessing the greatest rise in inequality on record, with the poorest likely to feel the effects of the Covid-19 pandemic for years to come while the "mega rich” have already bounced back, according to Oxfam.
9:16 AM Quick take: DNeX rises 9%, most heavily traded

KUALA LUMPUR: Shares in Dagang Nexchange Bhd (DNeX) were actively traded in early trade Monday with some 56 million shares done, making it the most active counter on Bursa Malaysia.
tag stockDNEX 0%,
9:02 AM Trading ideas: Toyo Ventures, DNeX, PLS Plantations, SC Estate, FGV

KUALA LUMPUR: Stocks to watch on Monday include Toyo Ventures Holdings Bhd, Dagang Nexchange Bhd (DNeX), PLS Plantations Bhd, SC Estate Builder Bhd and FGV Holdings Bhd, according to JF Apex Research.
tag stockTOYOVEN 0%, DNEX 0%, PLS 0%, FGV 0%, SCBUILD 0%, HBGLOB 0%, CMMT 0%,
8:49 AM Kenanga maintains 'market perform' on CapitaLand

KUALA LUMPUR: Kenanga Research maintained "market perform" on CapitaLand Malaysia Mall Trust following a slightly than expected realised distributable income (RDI) in FY20.
tag stockCMMT 0%,
7:16 AM No alternatives to fixed deposit despite low rates

Check risk profile before considering other asset classes
7:16 AM Govt should look at making SST more efficient

Under current circumstances, Malaysia needs ‘sustainable’ tax structure
7:16 AM Billionaire Kellner seeks Moneta Bank stake

PRAGUE: Billionaire Petr Kellner is proposing to buy a stake in Moneta Money Bank AS at a premium in an attempt to revive one of the largest Czech banking mergers that fell through two years ago.
7:16 AM Something fishy is going on in American kitchens

IF you could peek inside America’s cupboards and refrigerators, you’d see tableaus that capture changes wrought by the pandemic: Towers of paper goods, loads of comfort food, caches of upmarket coffee.
7:16 AM All eyes on banks’ asset quality

PETALING JAYA: Despite the banking sector showing healthy signs such as a brighter outlook with higher loan growth and profitability, gross impaired loans (GIL), however, could still weigh on the sector.
7:16 AM Tech shares could retake market dominance on Wall Street

NEW YORK: A bevy of major US earnings reports this week led by Apple and Microsoft could help technology and growth stocks reassert their dominance after a recent run by banks, energy and other potential beneficiaries of an economic reopening.
7:16 AM Rebound seen in corporate earnings

PETALING JAYA: Optimism over the Covid-19 vaccine developments and improving corporate earnings will continue to drive global equity markets including Malaysia in 2021, say analysts.
7:16 AM Listed firms on ‘new third board’ raise US$5.22bil

BEIJING: Companies listed on China’s National Equities Exchange and Quotations (NEEQ), also known as the “new third board, ” raised 33.85 billion yuan (about US$5.22bil) in 2020, up 27.91% year-on-year, a report from the exchange said.
7:16 AM China was largest recipient of FDI in 2020

China was the largest recipient of foreign direct investment in 2020 as the coronavirus outbreak spread across the world during the course of the year, with the Chinese economy having brought in US$163 billion in inflows.
7:16 AM China’s non-financial ODI in BRI nations up 18.3%

BEIJING: China’s non-financial outbound direct investment (ODI) in 58 countries participating in the Belt and Road Initiative (BRI) rose 18.3% to US$17.79bil in 2020 despite the 0.4% fall in the overall non-financial ODI to US$110.15bil, the Ministry of Commerce said.
7:16 AM Singapore home prices up amid property curbs speculation

SINGAPORE: Singapore home prices rose the most in more than two years in the final quarter of 2020, as speculation mounts that the government may impose measures to cool the market.
7:16 AM Indonesia sees risks to economic growth in Q1

JAKARTA: Indonesia sees downside risks for economic growth in the first quarter as the government imposed more restrictions to curb a worsening coronavirus outbreak, said the finance minister.
7:16 AM Billionaire Birla’s UltraTech doubles profit

MUMBAI: UltraTech Cement Ltd doubled profit in the three months ended Dec 31 on sustained demand for housing, the company said in a statement.
7:16 AM The week ahead - Trade figures, GDP data, S'pore CPI, US earnings,

THIS holiday-shortened week will see the Statistics Department releasing the external trade statistics for December 2020 on Friday. The market will be closed on Thursday in conjunction with Thaipusam celebration.
7:16 AM Technical correction for CPO futures

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to undergo technical correction this week with pessimistic exports outlook.
7:16 AM Insight - RCEP: Breakthrough for Malaysia’s external trade

AT the 4th Regional Comprehensive Economic Partnership Summit on Nov 15,2020, the emergence of the world’s largest trade agreement has become the most significant trade policy development.
7:16 AM India’s domestic aviation nearing pre-Covid levels

MUMBAI: India’s domestic civil aviation operations continue steadily and the sector is nearing pre-pandemic levels, according to Civil Aviation Minister Hardeep Singh Puri.As many as 257,613 passengers flew locally as of Jan 22, compared with 30,000 passengers that travelled by air when such flights were restarted on May 25, Puri said in a Twitter post on Saturday.
7:16 AM Zero tolerance for securities misconduct

BEIJING: The China Securities Regulatory Commission (CSRC) has pledged further measures to improve the quality of public companies, vowing “zero tolerance” for securities misconduct.
7:16 AM Beijing targets GDP to grow to 6% this year

BEIJING: Beijing strives to notch its year-on-year gross domestic product (GDP) growth to around 6% this year, according to local authorities.
7:16 AM Ambani’s Reliance doubles down on 5G pledge

MUMBAI: Indian billionaire Mukesh Ambani has doubled down on his promise to offer 5G services on his wireless network as early as this year, as his conglomerate Reliance Industries Ltd reported a record profit aided by its consumer businesses.
7:16 AM End in sight for FGV’s public-listing journey

KUALA LUMPUR: After a flurry of purchases by the Federal Land Development Authority (Felda) for its shares in the past few days, FGV Holdings Bhd’s public listing journey appears to be ending, according to an economist.
tag stockFGV 0%,
7:16 AM Potential earnings growth for BAuto

PETALING JAYA: Bermaz Auto Bhd (BAuto) could see exciting earnings growth if it lands the assembly and distributorship rights for Kia cars
tag stockBAUTO 0%,
7:16 AM Having the welfare of migrant workers at heart

AFTER falling to its first recession last year since the 1997 Asian financial crisis, Indonesia’s economic growth is expected to rebound this year.
7:16 AM MCO 2.0 has less severe impact on Q1 earnings

PETALING JAYA: The corporate earnings results in the first quarter of this financial year (Q1FY21) may witness less severe impact amid the current movement control order (MCO 2.0) period with a likely single-digit contraction, say analysts.
7:16 AM Foreign companies in for the long haul

KUALA LUMPUR: Foreign companies that have invested in the country say they remain committed to the country as they value and appreciate the long-term partnership with the Malaysian government and look forward to many more years of success.
7:16 AM Anti-dumping duties on cold rolled coils revised

KUALA LUMPUR: The government has revised anti-dumping duties imposed on imports of cold rolled coils of alloy and non-alloy steel originating from Vietnam.
6:58 AM Saudi sovereign fund to double assets in next five years to US$1.07trl

LONDON/RIYADH: Saudi Arabia's Public Investment Fund plans to double its assets to 4 trillion riyals ($1.07 trillion) by 2025, Prince Mohammed bin Salman said on Sunday, a move that would make it one of the world's biggest sovereign wealth funds
6:52 AM Deutsche Bank starts probe in relation to engagement with some clients

Deutsche Bank AG said on Sunday it began a probe in relation to engagement with some clients after the Financial Times reported earlier that the German lender was investigating the alleged mis-selling of investment banking products.
6:46 AM Vietnam's Communist Party meets to pick new leadership, bolster economic policies

HANOI: Vietnam's ruling Communist Party gathers for its first national congress since 2016 later on Monday with a mission to select new leaders and shape policy for the next five years.
6:35 AM Online fashion retailer Boohoo to buy Debenhams brand

BENGALURU: Online fashion retailer Boohoo Group Plc is set to acquire collapsed British department store group Debenhams in a cut-price deal that will result in the closure of the group's remaining department stores, the Financial Times reported.
12:00 AM Perfect Provenance
12:00 AM Technology breeds tenacity, even amid lockdowns
12:00 AM Why Businesses Need Digital Transformation To Survive The New Normal


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