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Sun, 18 Apr 2021
11:08 AM 'Roaring Kitty' acquires more shares in GameStop

BENGALURU: The man known as "Roaring Kitty" on social media, whose online posts helped spark January's trading frenzy in GameStop Corp, exercised call options on the stock to acquire 50,000 more shares at a strike price of $12, Bloomberg reported.
10:58 AM FBM KLCI to move in tight range next week

KUALA LUMPUR: Bursa Malaysia is expected to continue its current momentum into next week, with the key index to move in a tight range amid cautious market sentiment.
10:41 AM Bank Islam CEO: Details on 5-year post-restructuring plan to be revealed Wednesday

KUALA LUMPUR: Bank Islam Malaysia Bhd’s parent company BIMB Holdings Bhd is on track to complete its restructuring in August and will reveal details on its five-year post-restructuring plan on Wednesday.
9:55 AM Boustead Properties unveils new gem in Semenyih
12:20 AM KGB(0151) 这家公司应该被归纳为科技股,还是建筑股?
tag stockKGB +1.7%, DNEX +1.3%,
12:16 AM MATRIX(5236)个股分析
tag stockMATRIX 0%,
Sat, 17 Apr 2021
9:17 PM Tropicana sell 1.85 million Top Glove shares at a loss

KUALA LUMPUR: Property firm Tropicana Corp Bhd said it has raised RM9.98mil after its sold 1.85 million shares in Top Glove Corp Bhd in the open market.
8:48 PM British fintech Revolut on path to US$10b valuation with new funding — Sky News
8:45 PM Ant exploring ways for Jack Ma to exit as Beijing piles pressure, say sources
8:41 PM KPDNHEP issues notices following rise in chicken prices
6:08 PM Sweden’s Hemnet targets valuation of up to US$1.4b in IPO
6:01 PM MAFI working with KPDNHEP to tackle fresh produce price increase
4:55 PM Police kill four in clashes with Bangladesh workers of Chinese-backed power...
4:32 PM Top Glove, NTU sign MoU to attract more global talent
3:28 PM Bank of Thailand unfazed by US currency watch list inclusion
3:14 PM Raids on Nicky Gang conducted according to PDRM SOPs, says Ayob Khan
2:54 PM TSMC says trade tensions could disrupt supply of chip equipment
2:48 PM Bank Islam CEO: Details of five-year post-restructuring plan to be revealed on...
2:40 PM Petronas’ Gabon subsidiary said to have awarded contract to Maersk Drilling
2:23 PM Vietnam reiterates dong policy after manipulator label dropped
1:16 PM Australia records third death ‘likely linked’ to AstraZeneca jab
12:00 PM Big banks rake in record profits as stimulus props up consumers
11:33 AM BNM's 2020 foreign exchange net purchases estimated at US2b — US Treasury
11:14 AM Durian trader alleged losing RM178,132 in investment scam
10:46 AM CPO futures likely to trend higher next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend higher next week boosted by stronger soybean oil prices.
10:21 AM Ringgit expected to trade at current levels next week
10:15 AM KLCI expected to move in tight range next week
10:11 AM Malaysia, 10 others placed under US monitoring list for currency practices
9:42 AM Credit Suisse sued over risk exposure to Greensill Capital, Archegos
9:39 AM US urges ‘decisive’ steps by China to shift away from exports
9:34 AM GameStop CEO sells US$12m of stock in video-game chain
9:18 AM Twitter says services down for some users
9:01 AM 'NASA rules,' Musk says as SpaceX wins US$2.9b moon lander contract
8:52 AM Bermaz Auto picks up speed with Kia JV
tag stockBAUTO -0.7%,
8:39 AM J&J scientists refute idea that Covid-19 vaccine's design linked to clots
8:35 AM More electrical problems found on some Boeing 737 MAX — sources
8:05 AM Gold heads for best week in four months on subdued dollar, yields
7:59 AM Oil nudges down but secures weekly gain on recovery hopes
7:57 AM Tech retakes market lead as investors eye yields, earnings
7:55 AM World stocks at new peaks on strong China, US data
7:52 AM Wall St ends week positively; S&P 500, Dow hit record highs
7:17 AM The question of MoUs materialising

Poser over quality and commitment by corporations
7:17 AM Kerjaya’s prospects bright

Double-digit net profit expected again in current financial year
tag stockKERJAYA 0%,
7:17 AM UWC rides on semiconductor and medical technology boom

UWC Bhd has consistently delivered double-digit earnings growth besides a steadily-rising net profit margin.
tag stockUWC 0%,
7:17 AM Citi’s exit from consumer banking is ‘no surprise’

NEWS that American banking group Citigroup Inc is closing down its consumer banking business in 13 markets, including Malaysia, does not come as a surprise and has ignited fresh concerns that competition in the banking space can only get more heated.
7:17 AM Bermaz Auto poised for further growth

Kia and Peugeot brands to be revitalised
tag stockBAUTO -0.7%,
7:17 AM Grab considering secondary S’pore listing

Sources say this to come after US SPAC merger
7:17 AM UEM Edgenta defends unit

KUALA LUMPUR: UEM Edgenta Bhd has strongly denied accusations of improper work planning, resources allocation as well as other misleading claims against its subsidiary Edgenta Propel Bhd.
tag stockEDGENTA +1.2%,
7:17 AM Elevating export strategies through technology

PETALING JAYA: Companies can learn how to leverage digitalisation trends to pave the way for export opportunities at the upcoming Export Excellence Awards (EEA) 2021 webinar.
7:17 AM KPJ supports private sector vaccination

KUALA LUMPUR: KPJ Healthcare Bhd is committed to supporting the government’s announcement in inviting private hospitals to be vaccination centres for both phases two and three of the Covid-19 national immunisation plan (NIP)
tag stockKPJ 0%,
7:17 AM It’s all about the cashflow, especially in a pandemic

UNLIKE any other recession, the current pandemic-induced recession has caused the most pain across many industries and livelihoods of individuals all over the world.
7:17 AM A RM101bil burden

The overhang situation in the property market needs to be addressed
7:17 AM Having her sweets and eating it too

A popsicle venture started out as a distraction but turns into a delightful enterprise
7:17 AM Tap regional advantage to recover stronger

WITH Malaysia entering gradual recovery, businesses need to look beyond survival and aim for long-term sustainability.
7:17 AM Small caps power ahead

The sector continues to outperform bigger stocks
tag stockAEMULUS +6.0%, CCK +0.7%, INNATURE +3.6%, LEESK -1.0%, AWANTEC +0.9%, BJFOOD -2.7%, BAUTO -0.7%, EITA +6.9%, KAREX +1.5%, KAWAN 0%, MAHSING +5.1%, MEDIA +0.8%, PHARMA +0.3%, STAR +1.2%, TAANN 0%, WCT +0.9%,
7:17 AM Vehicle sales up 33% to 63,878 units in March

PETALING JAYA: Vehicle sales in Malaysia rose 33% to 63,878 units in March this year from 21,242 units during the same month last year, the Malaysian Automotive Association (MAA) said.
7:17 AM Food for thought

As more listed companies take part in agriculture production, the local industry could get an uplift
7:17 AM Food inflation will continue to rise if efficiency is not addressed

MALAYSIA registered a deflation in 2020, the first time it saw a decline in general prices in 51 years.
7:08 AM Asian spot prices rise as China replenishes inventories

TOKYO: Asian spot prices for liquefied natural gas (LNG) rose this week as China, Japan and South Korea sought supply in an early move to stock up for winter, industry sources said.
6:51 AM US stops short of branding Vietnam, Switzerland, Taiwan currency manipulators

Malaysia, India, Singapore, Thailand among countries on "Monitoring List"
6:43 AM Oil price down but secures weekly gain on recovery hopes

NEW YORK: Oil settled modestly lower on Friday but secured a weekly gain on a stronger demand outlook and signs of economic recovery in China and the United States that offset concerns about rising COVID-19 infections in other major economies.
6:37 AM GLOBAL MARKETS-World stocks at new peaks on strong China, US data

NEW YORK/LONDON: Gold prices hit a seven-week high and global stocks scaled new records on Friday after strong U.S. and Chinese economic data bolstered expectations of a solid global recovery from the coronavirus pandemic.
2:56 AM J&J Covid-19 vaccine pause to be reviewed by US panel next week
2:17 AM Coinbase rallies as Wall Street optimism bucks Bitcoin’s dip
2:12 AM Global LNG: Asian spot prices rise as China replenishes inventories
2:05 AM US housing starts near 15-year high; consumer sentiment rises moderately
1:50 AM Sen Yue's KL operations to be suspended due to Covid-19 cases detected
12:18 AM Morgan Stanley reveals US$911 mil Archegos loss as profit jumps
12:00 AM MAHB’s Q1 passenger traffic down

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) network of airports recorded 5.9 million passenger movements in the first quarter of this year (Q1), down 76.8% from a year ago due to the re-imposition of the MCO effective Jan 13 in Malaysia.
Fri, 16 Apr 2021
11:38 PM Apex Equity, Tropicana, Top Glove, BCorp, BLand, Magna Prima, Transocean, MAHB...
tag stockAPEX 0%, TROP +1.1%, TOPGLOV +2.4%, BJCORP -3.8%, BJLAND -3.0%, MAGNA 0%, TOCEAN +29.7%, AIRPORT -1.6%, CMMT -2.2%, CGB -7.3%, EDGENTA +1.2%, MAG -5.0%, SEM -2.4%,
11:14 PM S&P 500, Dow hit record highs on bank earnings boost
10:56 PM JF Apex-Mercury merger called off
tag stockAPEX 0%,
10:49 PM Dynaciate to venture into industrial and commercial warehousing sector
tag stockDYNACIA -3.8%,
10:17 PM 7-Eleven proposes a RM600 mil MTN programme
tag stockSEM -2.4%,
10:00 PM Study finds higher risks of blood clots in Covid-19 patients than in vaccinated...
9:47 PM Tropicana sells 1.85 million Top Glove shares at loss
tag stockTROP +1.1%, TOPGLOV +2.4%,
9:38 PM CPO futures extend gains to close higher
9:23 PM Vincent Tan continues to trim stake in Berjaya Land
tag stockBJLAND -3.0%,
9:20 PM Three companies tie up to develop Sky Train project in Sabah
9:11 PM Top Glove has remediated five forced labour indicators — MD
tag stockTOPGLOV +2.4%,
9:10 PM Four Islamic banks in Skim Cakna pilot project
9:05 PM Global oil demand won't return to pre-pandemic levels till 2022, says AmInvest
8:56 PM Magna Prima's auditor flag material uncertainty as group's liabilities exceed...
tag stockMAGNA 0%,
8:37 PM Countries seek more Moderna, Pfizer/BioNTech Covid-19 shots as concerns mount...
8:16 PM Toshiba bid to test Japan's corporate governance rules
8:14 PM EVENING 5: Five things you need to know today
8:05 PM Central Global's subsidiary bags sub-contract worth RM100mil in Sabah

KUALA LUMPUR (Bernama) -- Central Global Bhd's 51% subsidiary, Proventus Bina Sdn Bhd (PBSB), has bagged a sub-contract to upgrade water supply infrastructure in Lahad Datu, Sabah, worth RM100.54mil 
tag stockCGB -7.3%,
7:57 PM Airport operator MAHB record 76.8% decline in Q1 passenger movement

KUALA LUMPUR (Bernama) -- Malaysia Airports Holdings Bhd’s (MAHB) network of airports registered a decline of 76.8% with 5.9 million passenger movements for first quarter (Q1) of 2021 due to re-imposition of the Movement Control Order effective Jan 13, 2021 in Malaysia.
tag stockAIRPORT -1.6%,
7:48 PM Futures muted after S&P 500, Dow hit record closing highs
7:22 PM Bursa freezes Transocean’s upper limit price
tag stockTOCEAN +29.7%,
7:16 PM MAHB 1Q21 passenger count down 76.8% to 5.9 million
tag stockAIRPORT -1.6%,
7:09 PM Capitaland Trust's 1Q net property income shrinks on lower revenue
tag stockCMMT -2.2%,
7:05 PM Citi on Hong Kong hiring spree in effort to triple client numbers
6:40 PM Central Global bags RM101m contract to upgrade water supply system in Sabah
tag stockCGB -7.3%,
6:25 PM Hong Kong tycoon Jimmy Lai gets 14 months in prison for unauthorised assembly
6:22 PM KLCI edges up in line with regional markets, amid continued buying support for...
6:16 PM Keeping it all in the family: Digitalising the family business
6:13 PM Merkel says lockdowns, curfews vital to break Germany's third wave
6:10 PM Google misled consumers over data collection — Australian watchdog
5:53 PM Malaysia Airlines extends flexibility for passengers to change travel dates

KUALA LUMPUR: Malaysia Airlines is offering passengers the flexibility to rebook their tickets due to the prolonged Movement Control Order and interstate travel ban.
5:48 PM Bina Puri inks MoU for providing renewable energy power solutions
tag stockBPURI -5.3%,
5:41 PM Vehicle sales continued to climb in March, with numbers up 49% m-o-m — MAA
5:38 PM MAA: Vehicle sales up 33% to 63,878 units in March

KUALA LUMPUR: Vehicle sales in Malaysia rose 33 per cent to 63,878 units in March this year from 21,242 units during the same month last year, the Malaysian Automotive Association (MAA) said.
5:27 PM FBM KLCI ends flat on lack of fresh catalysts

KUALA LUMPUR: The local bourse ended the day on a flat note as investors remained on the sidelines amid lack of market-moving catalysts locally.
5:22 PM Indonesia could reopen Bali beaches to foreigners by end of July
5:02 PM Hyundai Motor Group names new chief for mobility division
4:55 PM Guocoland to launch new lakefront condo tower at Emerald Hills in Cheras
tag stockGUOCO -1.9%,
4:36 PM Grab considering secondary Singapore listing after US SPAC merger - sources

SINGAPORE: Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said.
4:26 PM Malaysia Airlines to extend rebooking dates due to prolonged MCO, travel ban
4:05 PM 4As slams ‘unethical’ intellectual property retention, ownership clause by...
3:53 PM MARC assigns preliminary AA-IS rating with stable outlook on Khazanah-backed...
3:44 PM Brevan Howard’s hedge fund to start buying cryptocurrencies
3:41 PM FMM urges govt to expedite ratification process for RCEP and CPTPP to aid...
3:39 PM China-Iran 25-year deal not aimed at any country: Iranian envoy - Global Times
3:30 PM Grab considering secondary Singapore listing after US SPAC merger — sources
3:17 PM UEM Edgenta denies allegations, claims against its subsidiary by AZSB

KUALA LUMPUR: UEM Edgenta Bhd has strongly denied allegations of improper work planning and resources allocation, as well as other claims against its subsidiary, Edgenta Propel Bhd (EPB).
tag stockEDGENTA +1.2%,
3:13 PM Citi retreat highlights global banks’ struggle in China, India
3:09 PM Bank Negara revises foreign exchange notices

KUALA LUMPUR: Bank Negara Malaysia (BNM) has issued a revision of its Foreign Exchange Notices following the liberalisation of foreign exchange policies last month.
3:08 PM Tencent raises US$4.2bil in its second major bond deal in a year

HONG KONG: Tencent Holdings Ltd raised $4.15 billion on Friday in its second major bond deal in less than a year as global investors were enticed by its attractive pricing and overlooked a regulatory crackdown on China's tech giants.
3:05 PM UEM Edgenta denies allegations, claims against its subsidiary by AZSB
tag stockEDGENTA +1.2%,
3:01 PM Cathay Pacific to cut cash burn as cargo-crew quarantine measures relaxed
2:53 PM Coca-Cola Amatil votes in favour of European bottler's $7.68 bln takeover deal
2:39 PM China records 33.9% y-o-y increase in social retail sales in Q1 - Global Times
2:36 PM World stocks near record highs as China, U.S. data back global recovery hopes

TOKYO: Global stocks stood near record highs on Friday after strong U.S. and Chinese economic data cemented expectations of a solid global recovery from the coronavirus-induced slump.
2:25 PM Daimler posts forecast-busting profit as China drives recovery
2:10 PM Oil steady climbs to four-week high on strong China data, demand revival

SINGAPORE: Oil prices extended gains on Friday and were on course for a weekly gain of more than 6% with an improved oil demand outlook and strong economic recoveries in China and the United States offsetting concerns about spikes in COVID-19 infections.
1:51 PM BNM issues revised foreign exchange notices
1:35 PM CI Holdings, Cocoaland, Kimlun, SLP Resources, Transocean, UCrest
tag stockCIHLDG +4.0%, COCOLND +2.0%, KIMLUN +6.5%, SLP +3.7%, TOCEAN +29.7%, UCREST +18.6%,
1:32 PM Sinopharm to inject US$4.6 billion vaccine assets into unit Tiantan Biological...
1:23 PM Sinopharm to inject US$4.6 bln vaccine assets into unit Tiantan Biological

HONG KONG: Chinese state-owned Sinopharm plans to inject 30 billion yuan ($4.6 billion) in assets into unit Beijing Tiantan Biological Products Corp Ltd to quickly get its fast-growing vaccine business on the public market, two people told Reuters.
1:19 PM China's GDP hits record growth but post-Covid recovery seen losing steam

BEIJING: China's economic recovery quickened sharply in the first quarter from last year's deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support for smaller firms.
1:11 PM Leaked ByteDance memo shows blockbuster revenue projections
1:10 PM Global spending on renewable energy seen to hit US$243 billion in 2021
1:06 PM 20 new international destinations expected to boost air travel for MAHB airports
tag stockAIRPORT -1.6%,
12:58 PM 20 new international destinations expected to boost air travel for MAHB airports

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) expects 20 new international destinations and 80 additional domestic flights would boost air travel further for its network of airports, including the Istanbul Sabiha Gokcen International Airport (ISG) in Turkey.
tag stockAIRPORT -1.6%,
12:54 PM Bursa Malaysia remains lower at midday
12:53 PM FBM KLCI en route to end week on slightly weaker footing

KUALA LUMPUR: The FBM KLCI slipped in Friday morning trade amid the ongoing sideways trading.
12:51 PM China to strengthen world steel domination with new mega mill
12:49 PM Huarong debacle highlights problems at hundreds of Chinese banks
12:45 PM Khazanah-backed The Holstein Milk Co said to be proposing RM1b Islamic bond...
12:39 PM MAG refutes rumours linking men accused of beating up fasting bodyguards to...
tag stockMAG -5.0%,
12:28 PM Hedge funds nailed bond rout with US$100 billion in Treasury sales
12:23 PM Knight Frank: Asia to see fastest growth of ultra-high-net-worth individuals
12:04 PM Southeast Asia's largest bank DBS to phase out thermal coal financing
12:01 PM New Zealand awards Amazon extra US$116 mln subsidy for 'Lord of the Rings' TV...
11:59 AM Southeast Asia's largest bank DBS to phase out thermal coal financing

SINGAPORE: Singapore bank DBS Group said on Friday it would phase out financing for customers that derived revenue from thermal coal and had committed to zero exposure to the sector by 2039.
11:59 AM Bursa Malaysia lower at mid-morning
11:57 AM Robinhood has restored crypto trading after ‘major outage’
11:54 AM Hearing of Najib's bid to get Goldman Sachs documents, items fixed for May 31
11:48 AM [歪歪理财记事本] 从小额开始下手,会比较什么都不做,好一些些吧?Number of Likes1 like moneyKing
11:47 AM [第一天] CARLSBERG 股东大会 14-04-2021 @ E-Broadcast
tag stockCARLSBG -0.7%,
11:47 AM Australia's NAB fields questions over potential purchase of Citi's local...
11:44 AM Southeast Asia's largest bank DBS to phase out thermal coal financing
11:23 AM Transocean hits limit up again, rises to record high on private placement plan...
tag stockTOCEAN +29.7%,
11:21 AM World stocks near record highs as China, U.S. data back global recovery hopes
11:15 AM S.Korean consortium to produce 100 mln doses a month of Russia's Sputnik V...
11:11 AM China's Q1 GDP grows at record pace as recovery speeds up
11:07 AM Genting Singapore ditches resolution on Lim Kok Thay’s performance share award
tag stockGENTING -0.4%,
10:53 AM WZ Satu rises 25% on securing RM243m contract
tag stockWZSATU +15.6%,
10:46 AM Petronas said to have awarded exclusive contract to Danish firm
10:43 AM HLIB downgrades Berjaya Food, ups target price to RM2.10 
tag stockBJFOOD -2.7%,
10:38 AM Daimler quarterly earnings exceed projections on China sales
10:13 AM Ringgit slips on resurgence of Covid-19 cases

KUALA LUMPUR: The ringgit slipped but managed to hold at the 4.12-point level against the US dollar at the opening, as demand for the local currency was hampered by a spike in COVID-19 cases.
10:06 AM RHB lowers target price for Bursa Malaysia to RM10.30 on earlier-than-expected...
tag stockBURSA -1.2%,
9:57 AM Citi’s new CEO taps familiar strategy with retail banking exits
9:56 AM Quick take: Malayan Cement shares fall on news of private placement

KUALA LUMPUR: Malayan Cement Bhd’s proposal to raise RM226.95mil via a private placement may not go down well with investors as the stock emerged as the top loser on Bursa Malaysia.
tag stockMCEMENT -7.3%,
9:43 AM Thailand to tighten curbs as virus flareup imperils tourism plan
9:38 AM Brent crude oil prices could fall to US$10 per barrel by 2050 if Paris...
9:37 AM Billionaire Robert Smith’s lawyer Kepke charged in tax case
9:34 AM RHB lowers target price on Bursa Malaysia on normalising trading value

KUALA LUMPUR: Sooner-than-expected moderation in Bursa Malaysia's securities average daily value (SADV) could lead to downside risks to the stock exchange operator's 2021 earnings.
tag stockBURSA -1.2%,
9:33 AM Ringgit slips but manages to hold at 4.12 level versus US dollar
9:31 AM China’s digital yuan won’t topple dollar, BOJ official says
9:28 AM Hong Kong tycoon Jimmy Lai, others to be sentenced for illegal assembly
9:25 AM Bursa Malaysia opens mixed. CI remains above 1,600
9:21 AM Quick take: WZ Satu jumps 31% to highest in 17 months

KUALA LUMPUR: Shares in WZ Satu Bhd jumped 31% in early trade Friday after securing a contract worth RM243.44mil.
tag stockWZSATU +15.6%,
9:17 AM Slight profit-taking weighs on FBM KLCI

KUALA LUMPUR: The domestic market started on a slightly bearish note following yesterday's late climb into positive territory.
9:08 AM Apple announces US$200 million fund in forestry projects to reduce carbon from...
9:07 AM Glove shares down on profit taking as Covid-19 resurgence concerns linger
tag stockSUPERMX +4.1%, TOPGLOV +2.4%, COMFORT +3.8%, RUBEREX +7.3%, HARTA +1.2%, KOSSAN +1.3%,
9:04 AM Oil set for best week since early March on better demand outlook
8:59 AM Canada tells wireless firms to sell access to networks
8:48 AM Hong Kong bans Scoot flights from Singapore until April 29
8:45 AM Trading ideas: Paramount, UMW, WZ Satu, Malayan Cement

KUALA LUMPUR: Stocks with news flow that may see investor attention on Friday incude Paramount, UMW, WZ Satu, Malayan Cement, Fajar Bary, LPI Capital , UEM Edgenta and Ahmad Zaki, said JF Apex Research in its daily highlights.
tag stockPARAMON +0.6%, UMW +0.6%, WZSATU +15.6%, MCEMENT -7.3%,
8:42 AM Mercedes enters new era with flagship sedan going electric
8:31 AM Tencent raises US$4.15 bln in second major bond deal in a year
8:20 AM It’s all about China as Biden, Suga meet amid Taiwan tensions
8:15 AM Geely targets Apple, big tech with its new electric-car unit
7:26 AM Oil edges up to fresh 4-week highs as demand outlook improves
7:21 AM Dow hits milestone, S&P breaks record high on tech rally
7:17 AM PIPC 2nd phase seen to attract RM5bil in investment

ISKANDAR PUTERI: The Pengerang Integrated Petroleum Complex (PIPC) is expected to attract RM5bil in investment during the second phase of its development between 2020 and 2025.
7:17 AM RM2.6bil investments in ECER in Q1

PETALING JAYA: The East Coast Economic Region (ECER) managed to attract committed investments worth RM2.6bil in the first quarter of 2021 despite facing numerous challenges brought about by Covid-19.
7:17 AM Prime property still the focus of the wealthy

Australasia most-sought-after location to buy a home
7:17 AM Fajarbaru to undertake rights issue

PETALING JAYA: Fajarbaru Builder Group Bhd has proposed to undertake a renounceable rights issue with warrants to raise up to RM37.4mil to finance existing and future projects as well as its working capital requirements.
tag stockFAJAR -0.7%,
7:17 AM Paramount to buy 30% in P2P financing platform

PETALING JAYA: Paramount Corp Bhd has proposed to acquire a 30% stake in a peer-to-peer (P2P) financing platform at a total cash consideration of RM13.7mil, marking its foray into the fintech sector.
tag stockPARAMON +0.6%,
7:17 AM Lower dividends could signal a shift for Malakoff

KUALA LUMPUR: Malakoff Corp Bhd’s lower dividend payout could signal a shift in focus amidst a changing landscape in the power industry.
tag stockMALAKOF +1.2%,
7:17 AM Insight - Climate scientists swap fieldwork for finance

ENVIRONMENTAL scientist Laura Garcia Velez (pic) cut her teeth on projects to help Ethiopian farmers insure crops for drought and connect remote Colombian communities to the electricity grid before working for conservation campaigners WWF.
7:17 AM Insight - Singapore trader in US$740mil fraud scheme

Ng Yu Zhi’s lavish lifestyle included a posh three-story villa, a US$5mil Pagani Huayra supercar
7:17 AM Retail investors to boost Bursa Malaysia revenue

Q1 average daily value shows 5.2% increase
tag stockBURSA -1.2%,
7:17 AM Tropicana issues sukuk wakalah

PETALING JAYA: Tropicana Corp Bhd has issued sukuk wakalah of RM183mil in nominal value out of its RM1.5bil sukuk wakalah programme.
tag stockTROP +1.1%,
7:17 AM Former KWAP CEO made MRCB director

PETALING JAYA: Kumpulan Wang Persaraan (Diperbadankan) (KWAP)’s former chief executive office Datuk Wan Kamaruzaman Wan Ahmad (pic) has emerged as an independent non-executive director on the board of Malaysian Resources Corp Bhd (MRCB
tag stockMRCB +1.0%,
7:17 AM Economic reforms aligned with global benchmarks

KUALA LUMPUR: The government has ensured that economic reforms are aligned with global benchmarks, including the environment, social and governance (ESG) goals.
7:17 AM CIMB stamping its mark in the region

CIMB to propel forward with strict cost controls, Forward23+
tag stockCIMB -0.2%,
7:17 AM China’s Q1 GDP growth seen hitting record level

BEIJING: China’s economy likely grew at record pace of 19% in the first quarter, rebounding from a pandemic slump early last year as demand recovered at home and abroad and as policy support for ailing smaller firms continued, a Reuters poll showe
7:17 AM UMW vehicle sales up 35% in first quarter

KUALA LUMPUR: UMW group’s automotive sales jumped 35%, delivering close to 75,000 vehicles for the first quarter of this year, driven mainly by new model introductions and sales tax exemption.
tag stockUMW +0.6%,
7:17 AM Bond issuance in March at 22-month high

KUALA LUMPUR: The primary corporate bond market was exceptionally active with an issuance of RM23.8bil in March, representing the biggest monthly issuance since May 2019.
7:17 AM Positive signs of reaching growth projection

Rising exports, falling unemployment augur well
7:17 AM Khazanah raises RM312mil from TM share placement

PETALING JAYA: Khazanah Nasional Bhd has placed out 53.8 million shares in Telekom Malaysia Bhd (TM) at RM5.80 each, raising gross proceeds of RM312mil
tag stockTM +0.5%,
7:17 AM LPI Capital posts improved first-quarter net profit of RM82.31mil

PETALING JAYA: LPI Capital Bhd has recorded earnings of RM82.31mil in the first quarter ended March 31,2021 (Q1), an improvement of 5.6% over RM77.92mil in the same quarter last year on the back of an increase in dividend income from equity investment.
tag stockLPI -0.1%,
7:17 AM City of London Brexit hit worse than expected

LONDON: Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union due to Brexit, with more pain to come, a study from New Financial think tank said on Friday.
6:41 AM Multiple US trade partners risk 'manipulator' label in Yellen's first currency report

WASHINGTON: Taiwan and Thailand risk joining Vietnam and Switzerland in running afoul of U.S. currency manipulation triggers in Treasury Secretary Janet Yellen's first foreign exchange report, expected this week, but whether she applies that label is unclear.
6:27 AM GLOBAL MARKETS-World stocks rally as Treasury yields tumble

NEW YORK/LONDON: World stock markets extended a five-day run of fresh highs on Thursday, fueled by upbeat earnings and strong U.S. economic data that herald a solid recovery ahead, while Russian markets tumbled at the prospect of the harshest U.S. sanctions in years.
2:52 AM KKR-backed AppLovin shares fall in Nasdaq debut
2:46 AM CureVac's Covid-19 vaccine attracts rising interest
2:40 AM Cathie Wood's Ark buys into Coinbase, sells some Tesla stock
2:35 AM WHO expects decision on emergency listing for Chinese vaccines soon
2:18 AM Julius Baer launches state-of-the-art digital advisory platform DiAS in Asia
2:06 AM MAS to stand pat on policy through 2021, Singapore's GDP to grow 5.8%: Fitch...
1:28 AM Malaysia aims for business events industry to be among top five in the world
1:25 AM Reuters website goes behind paywall in new strategy
1:13 AM World stocks rally as US Treasury yields tumble
1:06 AM Police detect fraud syndicate using fake Maybank2U website
1:01 AM Prasarana offers MyCity Pass as low as RM5
12:55 AM S&P 500, Dow hit record highs on upbeat earnings, strong retail sales
12:50 AM MCMC finalising tender for satellite broadband access in remote areas
12:21 AM World Journalists Conference 2021 to focus on post-Covid era, global climate...
12:16 AM MRCB, KAB, Guan Chong, Pertama Digital, UMW, Maybank, 7-Eleven, Paramount, WZ...
tag stockMRCB +1.0%, KAB +3.0%, GCB +1.0%, PERTAMA -2.5%, UMW +0.6%, MAYBANK -0.2%, SEM -2.4%, PARAMON +0.6%, WZSATU +15.6%, MCEMENT -7.3%, FAJAR -0.7%, LPI -0.1%, EDGENTA +1.2%, AZRB -1.7%,
12:03 AM Luno Malaysia achieves RM1 bil digital asset under custody in Malaysia