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Fri, 25 Jun 2021
1:13 AM Nasdaq, S&P 500 scale new peak as jobs recovery gains traction
12:23 AM KPMG quits as Serba Dinamik auditor; it's now up to SC to uncover the truth
12:00 AM RichWorks aims to guide 10,000 entrepreneurs to achieve RM1 million a year in...
Thu, 24 Jun 2021
11:40 PM Serba Dinamik, Astro, Gamuda, Eco World, Eco World International, United...
11:19 PM CPOPC calls on EU to review biofuels approach under RED II
11:08 PM Malaysia committed to strengthening sustainability related financing in Budget...
11:02 PM TDM records EBITDA of RM22.6 mil for 1Q of financial year 2021
10:32 PM United Malacca posts 4Q net loss on lower earnings from Indonesian ops,...
10:15 PM Stocks at 40 times profits are cheap, Wall Street has determined
10:03 PM Optimax to collaborate with Federal Territories Ministry for mobile vaccination...
9:49 PM MEASAT-3 outage: Telecommunication, broadcasting services restored — MCMC
9:43 PM EVENING 5: Five things you need to know today
9:37 PM FMM: Move to Phase Two of FMCO after June 28, allow more economic sectors to...
9:36 PM Xin Hwa reprimanded, two directors fined a total of RM150,000
9:25 PM Ekuinas says FY20 results demonstrate resilience despite volatile environment
8:39 PM Eco World 2Q net profit surges 172%, announces two sen dividend
8:28 PM Gamuda posts higher Q3 earnings

KUALA LUMPUR: Gamuda Bhd said earnings jumped in the third quarter ended April 30, but expects construction growth to be constrained by the pandemic.
8:05 PM Xin Hwa reprimanded, two directors fined RM150,000

KUALA LUMPUR (Bernama) -- Bursa Malaysia Securities Bhd has publicly reprimanded Xin Hwa Holdings Bhd and two of its former directors for breaching Main Market listing requirements and imposed fines totalling RM150,000.
7:59 PM EPF continues to pare down stake in Serba Dinamik as it offloads another 30.5...
7:50 PM Handal Energy wins five-year contract from ExxonMobil
tag stockHANDAL 0%,
7:48 PM Billionaire Ambani plans US$10 billion investment in clean energy
7:44 PM Private Covid-19 vaccination rollout expected to start in August, says Khairy
7:40 PM Serba Dinamik plunges 10% following news of KPMG's resignation as external...
tag stockSERBADK -10.1%,
7:32 PM Malakoff teams up with Solarvest to transform logistics players' facilities...
tag stockMALAKOF -1.2%, SLVEST -3.0%,
7:20 PM Gamuda 3Q net profit surges to RM141.83m as construction and property projects...
tag stockGAMUDA -0.3%,
7:15 PM New Panasonic CEO wants to make more batteries for Tesla, invest billions in...
7:09 PM Philippine central bank keeps interest rate at record low as Covid-19 risks...
7:04 PM Senior Japanese lawmaker accuses Toshiba activists of short-termism
7:02 PM US to block some solar materials made in Xinjiang region
6:42 PM EcoWorld Malaysia registers strong sales, higher earnings in Q2

KUALA LUMPUR: Eco World Development Group Bhd (EcoWorld Malaysia) said sales more than doubled in the second quarter ended Apr 30 due to strong take-ups on newly launched property projects.
tag stockECOWLD -2.2%,
6:35 PM Water and sugar shortage imminent if limestone quarries not allowed to operate...
6:30 PM Regional banks can better handle operating risks caused by varying vaccination...
6:21 PM Eco World International posted lower 2Q net profit at RM11.3 million, pays five...
tag stockEWINT -0.8%,
6:17 PM Auditors will quit if judgement compromised by conflict of interest — MICPA
tag stockSERBADK -10.1%,
6:00 PM Govt allows G1, G2 contractors to operate during MCO 3.0 Phase 1
5:53 PM Look into supply chain disruption in construction industry due to FMCO,...
5:41 PM Manager remanded over alleged bribery involving contracts worth RM60m
5:40 PM Ekuinas records strong investment returns for 2020

KUALA LUMPUR: Ekuiti Nasional Bhd’s (Ekuinas) total cumulative investment in the financial year ended Dec 31, 2020 was RM4.40bil in 42 companies and it generated a total economic deployment of RM5bil, together with private sector partners.
5:36 PM FBM KLCI closes at year's low

KUALA LUMPUR: Bursa Malaysia extended its losses today, weighed by persistent selling pressure in healthcare and telco counters.
5:32 PM KLCI slips as domestic political risk continues to drag sentiment
5:20 PM Pfizer says Covid-19 vaccine highly effective against Delta variant
5:19 PM Biden to meet with bipartisan senators to discuss infrastructure plan
5:12 PM E-Mart buys eBay's South Korean business for US$3 billion
5:10 PM Govt approves solar module manufacturing investment worth RM42.2b
4:56 PM Stock exchanges taking the lead in setting standards seen as central to driving...
4:41 PM Bezos' 2021 Space Odyssey a risk too far for insurers
4:40 PM Risen Energy's RM42.2b project offers local businesses chance to become part of...
4:21 PM Companies with good ESG practices more resilient during Covid-19 pandemic, says...
4:16 PM Tesla opens solar charging station in Tibet, its first in China
4:01 PM Genetec gains as much as 11% to record intraday high of RM7.04
tag stockGENETEC +5.9%,
4:00 PM Astro confirms partnership with Netflix
tag stockASTRO 0%,
3:50 PM Hong Kong's Apple Daily to live on in blockchain, free of censors
3:48 PM Moderna hopes to deliver Covid-19 vaccine to Germany faster — report
3:47 PM China may open up to more foreign cotton after Xinjiang ban
3:44 PM Chinese tutors world’s biggest stock losers amid crackdown
3:42 PM China says it will take necessary measures to safeguard Chinese firms' interests

BEIJING: China said on Thursday that it would take all necessary measures to safeguard legitimate interests of Chinese companies after the United States blacklisted five Chinese firms over alleged human rights abuses in Xinjiang.
3:40 PM Astro signs Netflix as new streaming partner

KUALA LUMPUR: Astro and Netflix have entered into a partnership that will see the streaming service brought on to Astro's platform.
tag stockASTRO 0%,
3:35 PM BOJ's Kuroda says supporting climate efforts will help economy
3:29 PM Boustead's three-pronged strategy to reinvent itself

KUALA LUMPUR: Boustead Holdings Bhd has embarked on a three-pronged strategy to strengthen its financial performance by leveraging on technology and digital push and venture into new business opportunities.
tag stockBSTEAD -11.5%,
3:28 PM Cathay Pacific to require Covid-19 vaccination for Hong Kong airline crew by...
3:16 PM Oil gains as draw in U.S. crude stocks reinforces outlook for robust demand

TOKYO: Oil prices gained for a second day on Thursday after a bigger-than-expected drawdown in U.S. crude and gasoline stocks confirmed outlook for robust fuel demand and on doubts about the future of the 2015 Iran nuclear deal that could end U.S. sanctions on Iranian crude exports.
3:16 PM Visa to buy European open banking platform Tink for US$2.15 billion
2:46 PM Singapore files 105 new charges against oil trader Hin Leong founder O.K. Lim

SINGAPORE: Singapore's public prosecutor on Thursday filed an additional 105 charges against Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading Pte Ltd, relating to $2.23 billion in fraudulent disbursements.
2:42 PM OM Holdings raises stake in Bryah Basin Manganese JV to 51%
tag stockOMH +9.8%,
2:35 PM Asian shares tread water, markets eye U.S. inflation signals

SYDNEY: Asian shares marked time on Thursday, with China nudging lower, while the U.S. dollar held below an 11-week high as investors reassessed U.S. Federal Reserve statements on inflation and looked to upcoming data for direction.
2:20 PM Semantan Estates-government dispute: Federal Court to hear Kenari Maluri's...
2:19 PM Govt approves RM42.2b solar module manufacturing investment

KUALA LUMPUR: The government has approved a manufacturer's licence and incentives under the National Economic Recovery Plan (PENJANA) for the design, development and manufacturing of solar cells and solar modules in Malaysia for Risen Energy Co Ltd with a total investment of RM42.2 billion.
2:16 PM Benigno Aquino steered Philipines' economy to recovery, says ex-secretary of finance

KUALA LUMPUR: Former secretary of finance of the Philippines, Cesar V. Purisima has expressed his gratitude to former President Benigno S. Aquino III for steering the country's economy to recovery.
2:15 PM Cover Story: Withdrawal of Account 1 shook EPF to its core, says Amir
2:15 PM Muhyiddin: Govt has approved solar module manufacturing investment worth RM42.2b
2:13 PM US bans imports of solar panel material from Chinese company — sources
2:09 PM OMH to increase funding in Bryah Basin manganese JV

KUALA LUMPUR: OM Holdings Ltd subsidiary OM (Manganese) Ltd (OMM) is extending a further US$500,000 in funding for exploration in the Bryah Basin manganese joint venture.
tag stockOMH +9.8%,
2:09 PM China's Ant highlights distinction between NFTs and cryptocurrencies
2:07 PM Thai May export growth at 11-year high on strong global demand
2:00 PM Cover Story: Making EPF relevant to more Malaysians before retirement
1:57 PM DNeX inks MoU with UiTM to develop digital solutions

KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) has signed a memorandum of understanding with Universiti Teknologi MARA (UiTM) to collaborate on the development of digital solutions in data analytics, artificial intelligence (AI) and cybersecurity.
tag stockDNEX -6.2%,
1:54 PM Wong & Partners advising Generali on its RM1.3b acquisition of majority...
1:53 PM KPMG resigns as auditors of Serba Dinamik
tag stockSERBADK -10.1%,
1:40 PM KPMG resigns as Serba Dinamik external auditor

KUALA LUMPUR: Messrs KPMG PLT has resigned as external auditors for Serba Dinamik Bhd with immediate effect on Thursday.
tag stockSERBADK -10.1%,
1:38 PM Boustead Holdings, BP Plastics, Globaltec, Tafi, Mercury Industries
tag stockBSTEAD -11.5%, BPPLAS -2.4%, GLOTEC +5.3%, TAFI -5.6%, MERCURY +8.7%,
1:31 PM Keppel, Sembcorp Marine in talks for marine services deal — sources
1:22 PM SC plans to release guides on sustainable and responsible investment taxonomy...
1:09 PM Larger-than-life software mogul John McAfee dies in Spain by suicide, lawyer...
12:58 PM Musk says Starlink to go public once cash flow is more predictable
12:48 PM RAMSSOL（0236）IPO 重点分享
tag stockTOPGLOV -2.2%,
12Invest
12:47 PM Bursa lower at midday
12:46 PM FBM KLCI remains wobbly amid weak market sentiment

KUALA LUMPUR: The sell-down on the domestic market continued, taking its deeper below the 200-day simple moving average.
12:44 PM Genting-backed PLAYSTUDIOS listed on Nasdaq
tag stockGENTING -2.3%,
12:42 PM Najib's 1MDB trial to resume on June 29
12:38 PM Wong & Partners advised Generali on RM1.3b purchase of AXA Affin JVs

KUALA LUMPUR: Wong & Partners is advising Generali Asia N.V. on the proposed acquisition of the shares of AXA Affin General Insurance Bhd (AAGI) and AXA Affin Life Insurance Bhd.
12:32 PM MIDF downgrades glove sector to 'neutral' as peak in urgent demand points to...
tag stockHARTA -4.1%, KOSSAN -2.4%, SUPERMX -1.7%, TOPGLOV -2.2%,
12:30 PM Serba Dinamik continues share price fall, with KPower and SCIB also in the red
tag stockSERBADK -10.1%,
12:15 PM Emotions run high as Hong Kong residents snap up final edition of Apple Daily
12:04 PM Asian shares tread water, markets eye US inflation signals
11:57 AM Gold on back foot as dollar firms; traders await US data
11:55 AM AmResearch foresees another O&G supercycle in the making, raises crude oil...
tag stockDIALOG -2.7%, YINSON 0%, SAPNRG -3.7%, PETGAS +0.3%, SERBADK -10.1%,
11:53 AM UEM Sunrise partners Maybank Islamic’s HouzKEY

KUALA LUMPUR: UEM Sunrise Bhd has teamed up with Maybank Islamic’s HouzKEY to help more of its customers including new homeowners to be able to own a UEM Sunrise home.
tag stockUEMS -1.2%,
11:39 AM SC plans to release guides on SRI Taxanomy by year-end

KUALA LUMPUR: The Securities Commission Malaysia (SC) plans to release a public consultation paper on Sustainable and Responsible Investment (SRI) Taxonomy by year-end to provide more clarity and guidance in identifying sustainable investment assets or activities.
11:39 AM Singapore adds to charges against oil trader Hin Leong founder OK Lim
11:36 AM Chinese rocket manufacturer outlines manned Mars mission roadmap, timetable -...
11:29 AM The Edge Media gives staff Covid-19 vaccination bonus
11:28 AM Amazon services down for multiple users - Downdetector
11:21 AM Fed officials say 'temporary' inflation surge may last longer than thought
11:21 AM Fed officials say 'temporary' inflation surge may last longer than thought
11:16 AM Sunway REIT unit picks OCBC to coordinate RM10b debt note

KUALA LUMPUR: Sunway Real Estate Investment Trust’s (Sunway REIT) unit has mandated OCBC Bank (Malaysia) Bhd to coordinate its RM10bil debt note programme.
tag stockSUNREIT 0%,
10:48 AM JPMorgan warns employees it may require them to get vaccinated
10:31 AM OCBC Bank and Sunway REIT to collaborate on sustainable finance initiative of...
10:25 AM Ringgit extends losses against greenback

KUALA LUMPUR: The ringgit has extended yesterday’s losses against the US dollar today as the greenback continues to strengthen versus Asian currencies.
10:16 AM Quick take: EG Industries shares up on technical buy

KUALA LUMPUR: Shares in EG Industries Bhd rose over 4% in early trade following a technical buy call from PublicInvest Research.
tag stockEG +0.7%,
10:09 AM MoF-owned SME Bank issuing RM3b Islamic bonds
10:00 AM Bubble tea chain raises US$656m in Hong Kong IPO

HONG KONG: Chinese bubble tea chain Nayuki Holdings Ltd. has raised HK$5.09 billion ($656 million) after pricing its Hong Kong initial public offering at the top of a marketed range, the latest company to ride a resurgence of listings in the Asian financial hub.
10:00 AM C&C Bintang share price surges 31% after takeover offer lapses
tag stockCCB -3.8%,
9:52 AM Takaful industry unveils VBIT agenda

KUALA LUMPUR: The local takaful industry has taken a big step forward in embracing value-based intermediation (VBI) agenda with the introduction of the VBI for Takaful (VBIT) framework on Wednesday.
9:52 AM Ringgit extends losses against US dollar at opening
9:50 AM Bursa lower in early trade
9:42 AM ProtectHealth urges more private medical facilities to participate in...
9:33 AM Blue chips drift lower, MAHB and Hartalega slip

KUALA LUMPUR: Bursa Malaysia started Thursday on a lacklustre note as blue chips drifted lower on some selling of Malaysia Airports (MAHB) and Hartalega, in line with key Asian markets.
9:21 AM Quick take: Scientex rises despite missing earnings expectations

KUALA LUMPUR: Shares in Scientex Bhd edged up in early trade Thursday despite posting earnings that came in below market expectations.
tag stockSCIENTX +0.5%,
9:21 AM Kenanga initiates coverage on GHL Systems with 'outperform"

KUALA LUMPUR: Kenanga Research has initiated coverage on GHL Systems Bhd with an "outperform" recommendation as the latter expands its service to cater for underserved markets.
tag stockGHLSYS -2.2%,
9:18 AM Sunway Bhd share price up after announcing investment in healthcare arm by...
tag stockSUNWAY -2.8%,
9:16 AM Trading ideas: JHM, Binasat, BSL, OCR, Scientex

KUALA LUMPUR: JHM Consolidation Bhd, Binasat Communications Bhd, BSL Corporation Bhd, Sanichi Technology Bhd, OCR Group Bhd and Scientex Bhd are among the stocks to watch on Thursday, according to JF Apex Research.
tag stockJHM -1.1%, BINACOM 0%, BSLCORP 0%, OCR 0%, SCIENTX +0.5%,
9:01 AM Kenanga raises valuation on Sunway on healthcare stake sale

KUALA LUMPUR: Kenanga Research is positive over Sunway Bhd's stake sale in its healthcare business to Singapore's soveriegn wealth fund GIC (Ventures) Pte Ltd based on the high enterprise value valuation and opportunities presented.
tag stockSUNWAY -2.8%,
9:00 AM Serba Dinamik’s EY appointment could be a baby step to many unforeseen...
tag stockSERBADK -10.1%,
8:19 AM Yellen warns Congress of 'unthinkable' U.S. default risk without debt limit hike

WASHINGTON: U.S. Treasury Secretary Janet Yellen on Wednesday warned Congress that the United States risks a debt default and a new financial crisis as soon as the August recess if lawmakers fail to act quickly to suspend or raise the federal borrowing limit.
7:33 AM Warren Buffett resigns from Gates Foundation, has donated half his fortune
7:19 AM Oil climbs to highest in over two years as U.S. supplies tighten
7:16 AM World Bank cuts 2021 GDP projection to 4.5%

KUALA LUMPUR: The sudden surge in Covid-19 cases over the past months and the movement restrictions that were reintroduced are expected to weigh on Malaysia’s economy, slowing the recovery compared with what was initially expected.
7:16 AM Goldman Sachs begins trading on JPMorgan’s repo blockchain network

NEW YORK: Goldman Sachs Group Inc has joined the blockchain-based network created by JPMorgan Chase & Co for repurchase agreements that use smart contracts and a digitised version of the US dollar.
7:16 AM Duty comes first

SC says auditors should function objectively
7:16 AM Fed will not raise rates on inflation fears alone

WASHINGTON: Federal Reserve (Fed) chair Jerome Powell reaffirmed the US central bank’s intent to encourage a “broad and inclusive” recovery of the job market, and not to raise interest rates too quickly based only on the fear of coming inflation.
7:16 AM Scientex Q3 earnings rise 60% to RM110mil

PETALING JAYA: Scientex Bhd has posted close to a 60% year-on-year (y-o-y) jump in its net profit to RM109.9mil in its third quarter ended April 30, 2021 (Q3) on the back of a record high quarterly revenue of RM976.8mil.
tag stockSCIENTX +0.5%,
7:16 AM TSH rating upgraded following sale plan termination

PETALING JAYA: TSH Resources Bhd has been upgraded to a “buy” following the termination of an earlier proposal to sell a 90% stake in its two Indonesian plantation companies to Kuala Lumpur Kepong Bhd (KLK).
tag stockTSH -1.9%,
7:16 AM Cautious stance on Affin

PETALING JAYA: Despite Affin Bank Bhd’s latest insurance deal which will see it monetising some of its assets, the market remains cautious on its stock due to concerns surrounding some of its key ratios, including its gross impaired loan (GIL) ratio.
tag stockAFFIN 0%,
7:16 AM Lagenda buys Kuantan land for RM33mil

KUALA LUMPUR: Lagenda Properties Bhd and its subsidiary has entered into a conditional sales and purchase agreement with SST Development Sdn Bhd for the purchase of a 2.03 million-sq-ft parcel of leasehold land in Mukim Penor, Kuantan, for RM33mil.
tag stockLAGENDA 0%,
7:16 AM Diverse exports to mitigate lockdown impact

KUALA LUMPUR: Malaysia’s diverse export destinations and products should help to mitigate the impact of a prolonged national lockdown through the end of June, according to Moody’s Investors Service.
7:16 AM Genting’s new RM17.9bil Las Vegas resort bet

LAS VEGAS: Genting Group opens its newest resort today, a US$4.3bil (RM17.9bil) extravaganza in Las Vegas and the biggest new property on the city’s famous Strip in over a decade
tag stockGENTING -2.3%,
7:16 AM Environmental protection expenditure on uptrend

KUALA LUMPUR: Industry players in Malaysia spent RM2.89bil for environmental protection expenditure in 2019, up by 7% from the amount spent in 2018.
7:16 AM MAHB ties up with Turkey firm for aerotech hub

PETALING JAYA: Malaysia Airports Holdings Bhd’s (MAHB) latest collaboration with Teknopark Istanbul (TI) is set to bring innovation and technology leadership to the Subang Aerotech Park.
tag stockAIRPORT -1.9%,
7:16 AM Londoners snap up luxury homes

LONDON: The launch of London’s newest luxury apartment complex went virtual for the Covid-era, as a Netflix-style film promised an unrivaled lifestyle on the edge of Hyde Park complete with a restaurant, well-being floor and £60mil (US$84mil or RM349.99mil) penthouse suite.
7:16 AM Saudi Arabia grants digital banking licence to two firms

DUBAI: Saudi Arabia has granted digital banking licence to two firms as the use of finance technology spreads in the Middle East.
7:16 AM Sanichi, PNE PCB chiefs launch takeover of BSL Corp

PETALING JAYA: Sanichi Technology Bhd managing director Datuk Seri Pang Chow Huat (pic) and PNE PCB Bhd executive director Ho Jien Shiung have teamed up to launch a takeover of BSL Corp Bhd.
tag stockSANICHI -15.4%, PNEPCB -3.0%, BSLCORP 0%,
7:16 AM Microsoft joins Apple in exclusive US$2 trillion club

NEW YORK: Microsoft Corp took its place in the history books as just the second United States public company to reach a US$2 trillion (RM8.33 trillion) market value, buoyed by bets its dominance in cloud computing and enterprise software will expand further in a post-coronavirus world.
7:16 AM Big Oil CEOs join traders in seeing possibility of US$100 oil

NEW YORK: The bosses of some of the world’s biggest oil companies say crude prices are likely to keep rising because a lack of investment will curtail future supply.
7:16 AM Indonesia plans to start own bullion bank in 2024

JAKARTA: Indonesia, home to one of the world’s largest gold mines, plans to set up a bullion bank to spur trading of the precious metal domestically.
7:16 AM Virtual currencies face more oversight

SHANGHAI: China is expected to issue tougher measures to intensify the crackdown on illegal mining and trading of virtual currencies, after the central bank reinforced a ban on related services provided by financial institutions, experts said.
7:16 AM DNeX gets nod to buy 60% in Silterra

KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) shareholders have approved the acquisition of a 60% stake in Silterra Malaysia Sdn Bhd (pic) from Khazanah Nasional Bhd for RM163.8mil to be satisfied entirely by cash.
tag stockDNEX -6.2%,
7:16 AM Fresh funding values S. Korea financial app Toss operator at US$7.4bil

SEOUL: The South Korean operator of mobile financial app Toss raised US$410mil (RM1.71bil) in fresh funding, which values the company at US$7.4bil (RM30.82bil), operator Viva Republica said.
7:16 AM Kejuruteraan Asastera unit in Vietnam RE tie-up

KUALA LUMPUR: Kejuruteraan Asastera Bhd’s subsidiary KAB Energy Power Sdn Bhd has teamed up with Janakuasa Pte Ltd to explore Vietnam’s renewable energy (RE) market.
tag stockKAB -0.7%,
7:16 AM China’s live streaming companies plan IPOs

SHANGHAI: The incubators behind two of China’s most popular influencers are making preparations for initial public offerings (IPOs) as competition in the live-streaming e-commerce market intensifies.
7:16 AM Number of Singapore millionaires up

SINGAPORE: Singapore’s count of millionaires could increase by more than 60% over the five years from 2020 to 2025, according to Credit Suisse Group AG, part of a surge in millionaires expected in Asia as financial capitals emerge from the Covid-19 pandemic.
7:16 AM Yinson leads in energy transition path

PETALING JAYA: Among the oil and gas service providers, Yinson Holdings Bhd is seen to be ahead of its peers on the energy transition path.
tag stockYINSON 0%,
7:16 AM New content and services to drive Astro’s growth

PETALING JAYA: Despite the challenging operating environment, Astro Malaysia Holdings Bhd is expected to see its growth driven by newly launched streaming service, called Sooka, and content.
tag stockASTRO 0%,
7:16 AM Petronas studying options for African fuel retailer Engen

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is reviving discussions on a potential exit from South African fuel retailer business Engen, people familiar with the matter said.
7:16 AM Aeon upbeat about strong performance this year

PETALING JAYA: Aeon Co (M) Bhd is optimistic that revenue for its current financial year ending Dec 31, 2021, will be able to match or surpass its 2020 performance
tag stockAEON -3.0%,
7:16 AM Robust orders set to uplift JHM’s margins

PETALING JAYA: JHM Consolidation Bhd’s outlook remains positive on growth catalysts stemming from new customers, projects and expansions.
tag stockJHM -1.1%,
7:16 AM Pekat makes strong Bursa debut

PETALING JAYA: Solar photovoltaic (PV) and earthing and lightning protection (ELP) specialist Pekat Group Bhd made a firm debut on the Ace Market of Bursa Malaysia yesterday, rising to a high of 93 sen.
tag stockPEKAT -7.4%,
7:16 AM Majuperak Q1 earnings at RM1.67mil

KUALA LUMPUR: Majuperak Holdings Bhd posted a net profit of RM1.67mil for the first quarter ended March 31, 2021, on the back of improved revenue to RM13.45mil.
tag stockMJPERAK 0%,
7:12 AM Tesla lifts Nasdaq to record-high close, S&P 500 dips
7:01 AM Sunway aims for eight hospitals

Group’s healthcare arm eyes listing on Bursa Malaysia
tag stockSUNWAY -2.8%,
7:01 AM Thai central bank holds rates, cuts GDP outlook on tourism slump

BANGKOK: Thailand’s central bank kept its benchmark interest rate unchanged and lowered its economic growth forecast for this year and next as the country grapples with its biggest wave of Covid cases yet.
6:42 AM Ackman sees path to possible US listing for Universal, working on next deal

NEW YORK: William Ackman, whose blank check acquisition company struck a deal to buy 10% of Universal Music Group (UMG) last week, is exploring options to increase his stake in the music label and already pushing ahead with his next deal, he told investors on Wednesday.
6:35 AM EXPLAINER-What is the Treasury yield curve and what is it telling us?

WASHINGTON: A hawkish shift from the U.S. Federal Reserve last week has focused attention on the shape of the yield curve. Here’s a short primer explaining what the yield curve is and how its shape may reflect expectations of the economy’s trajectory.
6:28 AM Oil price climbs to highest in over two years as US supplies tighten

NEW YORK: Oil prices rose on Wednesday, with Brent climbing above US$76 a barrel to its highest since late 2018, after data showed U.S. crude inventories declined as travel picks up.
6:21 AM GLOBAL MARKETS-US stocks end mixed with Nasdaq at record close, dollar gains

WASHINGTON/LONDON: Wall Street shares were mixed on Wednesday, with the Nasdaq closing at a record high, while other major U.S. indexes ended lower alongside European stocks as traders eyed the latest statements from Federal Reserve officials.
2:55 AM US new home sales tumble to one-year low as prices soar
2:37 AM US crude, gasoline stockpiles slump on growing demand
2:28 AM Harrison Ford injures shoulder on set of new 'Indiana Jones' movie
2:18 AM Hg Exchange graduates from MAS Fintech Regulatory Sandbox; expands product...
2:17 AM Hong Kong's pro-democracy Apple Daily signs off in 'painful farewell'
2:10 AM Keppel Corporation appoints former senior Citi banker as independent director
1:53 AM Crypto is 'rat poison', a third of mainstream investment firms tell JPM
1:42 AM GSK's drugs arm to get US$11 bil booster from consumer spin-off
1:22 AM Hybrid working style expected to continue in Malaysia
1:20 AM Nasdaq hovers near record levels as factory activity scales new peak
1:06 AM KPJ appoints Ali Hamsa as non-executive chairman
tag stockKPJ +2.0%,
Wed, 23 Jun 2021
11:53 PM Turkey in talks with several countries including Malaysia on FX swap, close to...
11:40 PM Serba Dinamik, Astro, Sunway, DNeX, BSLCorp, Aeon, Scientex, Magni-Tech,...
tag stockSERBADK -10.1%, ASTRO 0%, SUNWAY -2.8%, DNEX -6.2%, BSLCORP 0%, AEON -3.0%, SCIENTX +0.5%, MAGNI -1.7%, BINACOM 0%, KAB -0.7%, JHM -1.1%,
11:34 PM KKR to buy majority stake in New Zealand's Education Perfect from Mulpha
11:23 PM FGV in midst of finalising Group CEO appointment, says chairman
tag stockFGV -0.8%,
11:18 PM JPMorgan leads banks set to return US$142 bil to shareholders
11:10 PM Sizeable FDI in Sunway shows confidence in conglomerate and Malaysian economy,...
tag stockSUNWAY -2.8%,
10:54 PM Serba Dinamik now says its board will meet on Friday to decide on independent...
tag stockSERBADK -10.1%,
10:40 PM Drugmaker Glaxo plans consumer spinoff in bid to spur growth
10:35 PM Takaful industry unveils VBIT, encourages players to realise Maqasid Shariah
10:17 PM US June manufacturing index at record high, services dip
10:05 PM OCR Group commences arbitration proceedings on delay in construction project in...
tag stockOCR 0%,
10:01 PM Binasat to venture into solar PV segment via RM18.3 mil acquisition
tag stockBINACOM 0%,
9:56 PM Europe’s economy is booming as nations cast off crisis shackles
9:37 PM Two listed firm bosses acquire 52% of BSL Corp, make takeover offer for...
tag stockBSLCORP 0%,
9:24 PM US restaurants boost menu prices at fast clip to recoup costs
9:21 PM Huarong unit repays US$250 mil maturing dollar bond
9:08 PM Buffett exits as Gates Foundation trustee, sidestepping rift
9:05 PM Amazon to buy renewable power across the US in green push
9:00 PM EVENING 5: Five things you need to know today
8:57 PM Hong Kong’s Lalamove said to have filed for US$1 billion US IPO
8:54 PM Magni-Tech 4Q net profit rises 6% on higher contribution from garment,...
tag stockMAGNI -1.7%,
8:32 PM Binasat buys majority stake in solar contractor for RM18.36mil

KUALA LUMPUR: Binasat Communications Bhd is venturing into the solar energy business with the purchase of a 51% stake in Borderless Communications Sdn Bhd (BCSB) for RM18.36mil.
tag stockBINACOM 0%,
8:21 PM Yinson: A1 and A+ ratings from RAM, MARC backed by long-term contractual revenue
tag stockYINSON 0%,
8:14 PM SC, Bursa deny having spoken to Serba Dinamik chairman Mohamed Ilyas
tag stockSERBADK -10.1%,
7:51 PM Lalamove files confidentially for US$1bil US IPO

Hong Kong (Bloomberg) -- Hong Kong’s on-demand logistics and delivery firm Lalamove has filed confidentially for a U.S. initial public offering, according to people with knowledge of the matter.
7:42 PM EV maker Xpeng wins nod for US$2 billion Hong Kong listing
7:41 PM Serba Dinamik to decide on independent review scope on Friday

KUALA LUMPUR: Serba Dinamik Holdings Bhd said its board of directors was scheduled to meet on Friday to decide on the scope of work to be undertaken by the yet to be appointed independent reviewer.
tag stockSERBADK -10.1%,
7:34 PM Londoners snap up luxury homes as rich foreigners are locked out
7:28 PM HSBC apology shows financial fears are mounting in Hong Kong
7:27 PM China's crypto crackdown expected to push mining overseas
7:21 PM Suez Canal and Ever Given ship owners reach deal on compensation
7:14 PM LSE's Refinitiv restores service after new outage
7:12 PM K Seng Seng not aware of any reason for surge in share price
tag stockKSSC -5.0%,
7:08 PM Shareholders approve DNeX's RM163.8m acquisition of SilTerra
tag stockDNEX -6.2%,
7:02 PM RON97, RON95 and diesel prices unchanged
6:54 PM MARC assigns Yinson A+ credit rating on group’s strong business profile
tag stockYINSON 0%,
6:44 PM ARK Resources proposes 10% private placement to raise RM2.85 million
tag stockARK 0%,
6:39 PM JHM Consolidation partners China’s Jiangsu Dekai Auto Parts to supply...
tag stockJHM -1.1%,
6:36 PM SoftBank’s Son may stay on as chairman past age of 69
6:25 PM Australian law could force Facebook, Google to strip content
6:25 PM Scientex’s 3Q net profit jumps 57.81% to RM109.9m on record revenue, declares 4...
tag stockSCIENTX +0.5%,
6:22 PM Big Oil CEOs join traders in seeing possibility of US$100 oil
6:16 PM Scientex posts higher Q3 earnings, says Covid-19 lockdown to impact project billings

KUALA LUMPUR: Scientex Bhd posted a higher earnings in the third quarter ended April 30, boosted by higher property sales and improved results from its packaging division.
tag stockSCIENTX +0.5%,
6:13 PM AstraZeneca, Pfizer vaccines effective against Delta Covid-19 variants — study
6:10 PM Oil jumps to more than two-year high on US inventories
6:07 PM Thai baht hits 13-month low on dovish central bank, growth worries
6:04 PM Thai central bank holds rate at record low, cuts GDP outlook on virus battle
6:00 PM Tech: The future of food and grocery delivery
5:40 PM Genting's new Vegas resort a US$4.3b bet on city’s comeback
tag stockGENTING -2.3%,
5:38 PM KLCI finishes 0.59% lower as political and economic concerns weigh on sentiment
5:25 PM Aker Solutions files police report on allegation of judiciary interference
5:24 PM FBM KLCI in the red as key heavyweights weigh

KUALA LUMPUR: Bursa Malaysia settled in the negative territory on Wednesday on lack of buying momentum amid a weak broader market.
5:22 PM End full lockdown immediately, MEF tells Putrajaya
5:15 PM Petronas eyeing potential exit for African fuel retailer Engen — sources
5:10 PM Mediaset's Dutch move set to get green light in boost to M&A push
5:03 PM Singapore’s GIC buying 16% in Sunway healthcare for RM750m

KUALA LUMPUR: Singapore’s GIC (Ventures) Pte Ltd is investing RM750mil for a 16% stake in Sunway Group’s healthcare.
tag stockSUNWAY -2.8%,
5:00 PM Retail recovery fragile and uncertain following third wave of closures
5:00 PM 5G-equivalanet network speeds in space empower taikonaut’s unimpeded video call...
4:58 PM Rail network is safe although KVDT2 project still up in the air — KTMB
4:43 PM Moody's affirms Cagamas' A3 ratings; outlook stable

KUALA LUMPUR: Moody's Investors Service has affirmed Cagamas Bhd's A3 long-term local and foreign currency issuer ratings.
4:41 PM China doesn’t need ‘external care’ on human rights- Global Times editorial
4:33 PM Chinese less favorable to Australia amid strained ties: GT poll
4:28 PM Singapore's GIC invests RM750m for 16% stake in Sunway Healthcare
4:25 PM Hong Kong's Next Digital says Apple Daily newspaper to end by June 26
4:21 PM U.S. business borrowings jump 20% in May - ELFA survey
4:16 PM MGS yield curve steepened on lockdown due to infections surge

KUALA LUMPUR: Malaysian Government Securities’ (MGS) yield curve for the 4y30y curve surged between 1bp to 15bps month-on-month (m-o-m) by end May due to a full nationwide lockdown which was announced on May 28.
4:16 PM Asian currencies gain as Fed reassures on rates; Thai central bank in focus
4:14 PM Falling renewables costs undercut new and some existing coal plants - study
4:08 PM Euro zone business growth at 15-year high as demand unleashed -PMI

LONDON: Euro zone business growth accelerated at its fastest pace in 15 years this month as the easing of more lockdown measures and the unleashing of pent-up demand drove a boom in the bloc's dominant services industry, a survey showed.
4:06 PM PwC’s The New Equation strategy to see US$12b invested over five years,...
4:04 PM China's EV maker Xpeng gets approval to list in Hong Kong - source
4:00 PM Aviation players fear Subang airport could lose out amid MAHB-WCT tussle
tag stockAIRPORT -1.9%, WCT -3.5%,
3:51 PM KPMG says audit was proper and will contest Serba Dinamik’s suit — but can a...
tag stockSERBADK -10.1%,
3:43 PM Pharmaniaga takes up financing facility under StanChart’s RM4.17b fund

KUALA LUMPUR: Pharmaniaga Bhd has taken up a financing facility from Standard Chartered Malaysia for the import and distribution of Sinovac Covid-19 vaccines to the public and private sectors.
tag stockPHARMA -1.3%,
3:38 PM [Alex Lu] SERBADK: A Lost Cause!
tag stockSERBADK -10.1%,
moneyKing
3:38 PM Lagenda Properties acquires land in Kuantan, plans to launch township with GDV...
tag stockLAGENDA 0%,
3:30 PM No basis for legal action, says KPMG on Serba Dinamik suit
tag stockSERBADK -10.1%,
3:28 PM Maybank expanding its digital payment options in Cambodia via blockchain-based...
tag stockMAYBANK 0%,
3:19 PM OSK Property launches 7.7 Mid Year Sale Campaign on Shopee
tag stockOSK 0%,
3:12 PM AEON earmarks RM251m capex for FY21, aims to expand 13 new specialist stores
tag stockAEON -3.0%,
3:00 PM Standoff at UniKL over board appointments
2:56 PM Asian currencies gain as Fed reassures on rates; Thai cbank in focus

BENGALURU: Thailand's baht came off a nine-month low on Wednesday and the Philippine peso snapped a six-day losing run, after U.S. Federal Reserve Chairman Jerome Powell said the central bank would not raise interest rates too quickly.
2:38 PM Ford to supply engines, transmissions for new U.S Postal delivery vehicles
2:36 PM KLK terminates planned US$110m stake buy in oil palm companies from TSH...
tag stockKLK +0.2%, TSH -1.9%,
2:34 PM Aeon earmarks RM251mil for capex

PETALING JAYA: Aeon Co (M) Bhd is allocating capital expenditure (capex) of RM251mil for 2021 to ramp up its online systems and refurbish its outlets.
tag stockAEON -3.0%,
2:34 PM 浅谈 TCS（0221）新合约
tag stockTCS -1.9%,
12Invest
2:33 PM IPMUDA（5673）企业操作分享
tag stockIPMUDA -8.1%,
12Invest
2:31 PM UWC（5292）投资者分享会内容
tag stockUWC -2.1%,
12Invest
2:27 PM KAB inks collaborative agreement to enter Vietnamese renewable energy market
tag stockKAB -0.7%,
2:24 PM Reality check for VW in China after sluggish start for electric car series
2:21 PM Sanichi MD, PNE PCB ED launch takeover of BSL Corp

KUALA LUMPUR: Sanichi Technology Bhd managing director Datuk Seri Pang Chow Huat and PNE PCB Bhd executive director Ho Jien Shiung have launched a takeover of BSL Corp.
tag stockSANICHI -15.4%, PNEPCB -3.0%, BSLCORP 0%,
2:09 PM Self-driving startup WeRide deepens ties with Nissan, raises $310 mln
2:07 PM Hong Kong police arrest Apple Daily writer in ongoing operation
2:02 PM HSBC apology shows financial fears mounting in Hong Kong
2:00 PM Hotel sector likely to see recovery only in 2023, says MAH
1:59 PM Cash loses its shine in pandemic but still king in Switzerland
1:49 PM Palm oil leaps over 4% on signs of growing demand
1:38 PM Mulpha International, OCB, Cabnet, K. Seng Seng, Sasbadi, and FSBM
tag stockMULPHA +2.2%, OCB +4.3%, CABNET -1.4%, KSSC -5.0%, SASBADI -6.1%, FSBM 0%,
1:36 PM KAB partners Janakuasa in Vietnam renewable energy venture

KUALA LUMPUR: Kejuruteraan Asastera Bhd's subsidiary KAB Energy Power Sdn Bhd has teamed up with Janakuasa Pte Ltd to explore Vietnam's renewable energy market.
tag stockKAB -0.7%,
1:33 PM Facebook’s Instagram adds shopping via images, virtual try-on
1:30 PM Microsoft rises to join Apple in exclusive US$2 trillion club
1:23 PM Industries spent more on environ protection, Johor leads among states

KUALA LUMPUR: Industry players increased their spending for environmental protection by 7% to RM2.89bil in 2019 with Johor spending the largest amount among the states, according to the Statistics Department.
1:23 PM Honda goes all in on electric cars in stark contrast to Toyota
1:22 PM BHIC, Boustead shares surge 
tag stockBHIC -6.3%, BSTEAD -11.5%,
1:18 PM Lagenda acquires Kuantan parcel for township development

KUALA LUMPUR: Lagenda Properties Bhd and its subsidiairy has entered into a conditional sales and purchase agreement with SST Development Sdn Bhd for the purchase of a 2.03mil sq ft parcel of leasehold land in Mukim Penor, Kuantan for RM33mil.
tag stockLAGENDA 0%,
1:14 PM Google likely to soon face antitrust claims over Play store from U.S. states -...
1:13 PM Bursa lower at midday, bucks regional trend
1:08 PM Astro to announce partnership with Netflix this week?
tag stockASTRO 0%,
1:03 PM Citi Malaysia confirms not linked to Citibank clone Citibank International...
12:57 PM Local market sentiment remains weak despite Powell remarks

KUALA LUMPUR: The FBM KLCI failed to extend a rebound amid the weak market sentiment despite recent reassurances from US Fed chair Jerome Powell and a subsequent positive performance on Wall Street.
12:44 PM Financial institutions need to think creatively to develop new, innovative...
12:41 PM World Bank cuts Malaysia's 2021 GDP growth projection to 4.5% amid Covid-19...
12:35 PM Nor Shamsiah urges FIs to be creative to develop new, innovative solutions

KUALA LUMPUR: Financial institutions (FIs) need to think creatively to develop new and innovative solutions to fund sustainability projects; taking into account the current challenges faced by businesses and individuals, said Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus.
12:21 PM Puncak Niaga's RM14b suit against Khalid to go on trial
tag stockPUNCAK -1.3%,
12:19 PM Bitcoin bounces back after tumbling below US$30,000 threshold
12:12 PM Taiwan Buddhist group enters fray for BioNTech Covid-19 vaccine
12:12 PM SoftBank CEO says he ‘shouldn’t’ comment on slow-motion buyout
11:48 AM Solar power specialist Pekat surges on Bursa debut
tag stockPEKAT -7.4%,
11:45 AM Trump’s tariffs Led to billions of losses, Fed research shows

NEW YORK: Starting in early 2020, a very unlikely anomaly started appearing in global trade data: China said it was selling more goods to the U.S. than the U.S. reported buying from China.
11:43 AM Fed will not raise rates on inflation fears alone, Powell says
11:40 AM Intel to create new units for software, high-performance computing
11:36 AM SoftBank-backed Dingdong targets over US$6b valuation in US IPO
11:34 AM Harvard not pressured over Toshiba, former Japan adviser says
11:16 AM World Bank lowers Malaysia GDP growth due to pandemic

KUALA LUMPUR: The World Bank has lowered Malaysia’s GDP growth to 4.5% this year from 6% earlier amid a dramatic resurgence of the Covid-19 virus beginning in mid-April 2021.
11:02 AM Singapore’s millionaires count expected to surge 62% by 2025
10:55 AM Tech leads tentative rally as Powell soothes markets
10:43 AM Resorts World Las Vegas a US$4.3b bet on city’s comeback

LAS VEGAS: Genting Group opens its newest resort on Thursday, a $4.3 billion extravaganza in Las Vegas and the biggest new property on the city’s famous Strip in over a decade.
10:41 AM Oil resumes climb on large US oil stocks drawdown
10:38 AM Fed throws China a curveball just when it seeks stability

CHINA'S capacity to maintain stability in its financial markets is being tested by the Federal Reserve’s sudden hawkish shift.
10:37 AM Ringgit rises on stronger crude prices, sovereign ratings reaffirmation

KUALA LUMPUR: The ringgit opened higher against the US dollar today despite the strengthening greenback, supported by the steady crude oil prices and the positive sentiment brought about by the reaffirmation of Malaysia’s sovereign rating.
10:20 AM Gold ticks up after Powell pledged not to raise rates quickly
10:17 AM Bitcoin bounces back after tumbling below US$30, 000 threshold

BITCOIN extended gains in Asia trading Wednesday, bouncing back after earlier whipsawing investors with a dip below the $30, 000 level.
10:06 AM Bursa lower in early trade, weighed down by Top Glove
10:02 AM Ringgit opens higher despite stronger US dollar
9:40 AM Quick take: Mulpha International rises 8.4% on disposal news

KUALA LUMPUR: Shares in Mulpha International Bhd traded higher in early trade Wednesday after its unit proposed to sell the entire 37.81% stake in New Zealand's Education Perfect Group Limited (EPGL) for RM1.31bil
tag stockMULPHA +2.2%,
9:34 AM Pekat in focus, KLCI slips

KUALA LUMPUR: Pekat Group Bhd surged on its trading debut early Wednesday but the overall market was lacklustre in the absence of strong buying interest.
9:33 AM Serba Dinamik share price down after announcing legal action against KPMG
tag stockSERBADK -10.1%,
9:30 AM O&G firm Reservoir Link dives into solar
tag stockRL -2.8%,
9:21 AM Quick take: TCS falls 7% despite RM555mil contract award

KUALA LUMPUR: Shares in TCS Group Holdings Bhd edged down this morning despite securing a RM555mil contract.
tag stockTCS -1.9%,
9:16 AM Trading ideas: Pekat, Yinson, Astro, TCS, Mulpha International

KUALA LUMPUR: Stocks to watch on Wednesday include Pekat Group Bhd, Yinson Holdings Bhd, Astro Malaysia Holdings Bhd, TCS Group Holdings Bhd and Mulpha International Bhd according to JF Apex Research.
tag stockPEKAT -7.4%, YINSON 0%, ASTRO 0%, TCS -1.9%, MULPHA +2.2%,
9:14 AM Sizzling start for Pekat Group as it surges to high of 93 sen

KUALA LUMPUR: Solar photovoltaic (PV) and earthing and lightning protection (ELP) specialist Pekat Group Bhd made a very strong debut on the ACE Market on Wednesday and surged to a high of 93 sen in early trade.
tag stockPEKAT -7.4%,
8:49 AM RHB maintains 'buy' on Astro

KUALA LUMPUR: RHB Research has maintained its "buy" recommendation and target price of RM1.48 on Astro Malaysia Bhd on the back of its 1QFY22 earnings, which benefited from a recovery in advertising expenditure.
tag stockASTRO 0%,
8:47 AM Japan's June factory activity expands at slowest pace in four months
8:43 AM Tech leads way to Wall Street rebound

WASHINGTON: Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains.
7:33 AM Oil settles slightly lower as OPEC+ discusses raising production
7:28 AM Nasdaq ends at record high as Big Tech roars back
7:16 AM AliExpress reshapes e-shopping behaviour abroad

SHANGHAI: As much as e-commerce has become a default choice for people shopping in China, most consumers living in the country may have hardly heard of AliExpress.
7:16 AM Global chip demand remains high

PETALING JAYA: The impact of the current movement control order (MCO) on the production of the local technology sector will depend on the duration of the lockdown, say analysts.
7:16 AM OMH makes strong debut on Main Market

PETALING JAYA: Australia-listed OM Holdings Ltd (OMH) debuted on the Main Market of Bursa Malaysia yesterday with an opening price of RM2.72 per share – a 5.84% premium from its listing price of RM2.57 per share.
tag stockOMH +9.8%,
7:16 AM Glomac wins iDEA awards

KUALA LUMPUR: Glomac Bhd has been named as one of the best developers in a recent property development award for the second consecutive time.
tag stockGLOMAC -7.2%,
7:16 AM Taking the safer route

COPENHAGEN: Scandinavia’s biggest arranger of sustainable debt says investors will probably continue to favour green bonds over other more complex ESG fixed-income products for years to come.
7:16 AM Key oil spread jumps to seven-year high in sign of supply crunch

WASHINGTON: A key spread between monthly oil futures contracts has blown out to the widest level in seven years as traders bet that US crude inventories are about to get a whole lot tighter.
7:16 AM EssiLux weighs ending takeover

AMSTERDAM: Spectacles maker EssilorLuxottica on said it was considering canceling its proposed €7.2bil (US$8.6bil or RM35.67bil) takeover of Dutch eyewear store operator Grandvision, after a Dutch court said EssilorLuxottica was no longer obliged to go through with the deal.
7:16 AM Business leaders push Prayut to lower credit bar for SMEs

BANGKOK: The Thai Chamber of Commerce will press Prime Minister Prayut Chan-o-cha to inject financial institutions’ spare liquidity into small and medium enterprises (SMEs), including retail operators, at an acceptable risk level, revealed Sanan Angubolkul, chairman of the chamber’s board.
7:16 AM Key to supply stability in China

BEIJING: Certain policy adjustments might be needed for China to ensure effective supplies from certain industries to the overall economy and minimise any possible impact of the recent global commodity price surge on inflation, according to experts and industry insiders.
7:16 AM Covid-19 surge will hamper Indonesia’s Q2 GDP growth

JAKARTA: The Finance Ministry has acknowledged that Indonesia’s recent Covid-19 surge will hamper gross domestic product (GDP) growth in the second quarter, a period that was otherwise expected to book record-high growth.
7:16 AM ESG still in its infancy

SINGAPORE: Singapore may have big plans to go green, but a majority of its people have no idea how to invest in that emerging economy, a study has found.
7:16 AM DBS launches digital bond issuance platform

SINGAPORE: DBS Bank has launched a fully digital and automated fixed income execution (FIX) platform where issuers can directly connect with investors without the involvement of a bank.
7:16 AM S. Korea’s financial market stable but imbalance remains a worry

SEOUL: South Korea’s financial market continues to be stable, but a build-up of financial imbalance remains worrisome, according to the Bank of Korea (BoK).
7:16 AM Chicken producer Sanderson exploring sale

MISSISSIPPI: Sanderson Farms Inc, the US’s third-biggest chicken producer, is exploring a sale, Dow Jones reported, citing people familiar with the matter.
7:16 AM Goldman zeroes in on Millennial spending with South African fund

DURBAN: Goldman Sachs Asset Management and a unit of South Africa’s Discovery Ltd have tailored an investment offering to profit from trends such as the spending habits of millennials and advances in health care.
7:16 AM PUBG owner set to become a billionaire after Krafton’s mega IPO

Battlegrounds, one of the most successful games of all time, is set to create vast riches when the company behind it goes public next month.PLAYERUNKNOWN’S
7:16 AM Affin, Generali in insurance joint venture

PETALING JAYA: Affin Bank Bhd and Generali Asia N V (Generali) have agreed to form a joint venture to develop their life and general insurance businesses in Malaysia.
tag stockAFFIN 0%,
7:16 AM See you in court

KUALA LUMPUR: Oil services and engineering company Serba Dinamik Holdings Bhd is taking legal action against its external auditor KPMG PLT for alleged negligence, breach of contract and breach of statutory duty.
tag stockSERBADK -10.1%,
7:16 AM US firm GlobalFoundries invests US$4bil in S’pore chip plant

NEW YORK: GlobalFoundries Inc will build a US$4bil (RM16.4bil) chipmaking plant in Singapore slated to start in 2023, choosing Asia for the site of its latest expansion despite Biden administration calls to bring home semiconductor manufacturing.
7:16 AM Astro’s Q1 net profit almost doubles to RM141mil

PETALING JAYA: Astro Malaysia Holdings Bhd has recorded a net profit of RM141.25mil for its first financial quarter ended April 30, a 91.29% increase year-on-year (y-o-y) from RM73.84mil.
tag stockASTRO 0%,
7:16 AM Daibochi’s Q3 net profit at RM10mil

PETALING JAYA: Daibochi Bhd’s net profit came in marginally lower at RM10.26mil for the third quarter (Q3) ended April 30, 2021 compared with RM10.84mil in the corresponding period last year on higher raw material costs.
tag stockDAIBOCI 0%,
7:16 AM RHB Group’s green financing growing

KUALA LUMPUR: RHB Banking Group’s green portfolio has increased to RM3.25bil year-to-date from RM3bil at end-2020, according to group managing director and group chief executive officer Datuk Khairussaleh Ramli.
tag stockRHBBANK +0.7%,
7:16 AM Making the merger work

PETALING JAYA: One of the biggest mergers in South-East Asia’s telecoms industry is in the works between Celcom Axiata Bhd and Digi.com Bhd. But will it really help spur more competition for better customer experience or stifle it since the enlarged entity will control nearly 50% of the mobile subscriber market share.
tag stockDIGI -1.1%, MAXIS -0.4%,
7:16 AM Glove maker Harps gets nod for IPO

PETALING JAYA: Glove maker Harps Holdings Bhd has received the green light from the regulators to proceed with its initial public offering (IPO) on the Main Market, according to sources.
7:16 AM Rating affirmation shows S&P’s confidence in Malaysia

PETALING JAYA: S&P Global Ratings (S&P) has affirmed Malaysia’s foreign currency and local currency long-term issuer ratings at A- and A, respectively, with a negative outlook.
7:16 AM Yinson in solar projects in Latin America

PETALING JAYA: Yinson Holdings Bhd, through its wholly-owned subsidiary Yinson Renewables Pte Ltd, has agreed to collaborate with Chile-based renewable energy (RE) developer Verano Capital Holdings SpA for RE projects in Chile, Colombia and Peru.
tag stockYINSON 0%,
7:16 AM DNeX appoints two new directors

PETALING JAYA: Dagang Nexchange Bhd (DNeX) has appointed Bob Wei-Ming Chen and Datuk Robert Fisher to its board of directors effective June 22.
tag stockDNEX -6.2%,
7:16 AM White Horse to sell Vietnam property

PETALING JAYA: White Horse Bhd has proposed to dispose of a piece of leasehold land in Vietnam, together with industrial building(s) erected thereon, for about RM113.45mil.
tag stockWTHORSE -2.9%,
7:16 AM WCT Group cautiously optimistic on prospects

PETALING JAYA: WCT Holdings Bhd, an investment holding company with businesses in engineering and construction, property development and investment in and management of retail malls and hotels, is cautiously optimistic on prospects with its outstanding order book valued at approximately RM5bil.
tag stockWCT -3.5%,
7:16 AM TCS secures single-largest contract of RM555mil

PETALING JAYA: TCS Group Holdings Bhd’s unit has secured its single-largest contract worth RM555mil for the main building works for a mixed-use development project known as J.Satine in Kuala Lumpur.
tag stockTCS -1.9%,
7:16 AM PBA awaits water tariff review

GEORGE TOWN: PBA Holdings Bhd expects uncertainty on its prospects will continue to rise with the growing population, pending federal government approval of a water tariff review for the highly-subsidised domestic consumption.
tag stockPBA 0%,
7:16 AM Companies should adopt ESG initiatives

PETALING JAYA: More companies in Malaysia should start adopting environmental, social and corporate governance (ESG) initiatives in their business to avoid being laggards within the global economy.
7:16 AM Waiting for the green light

NEXT Thursday, was supposed to be a day of celebration for Tesla: the opening of its self-styled “gigafactory” in the tranquil German municipality of Gruenheide, just outside Berlin.
7:16 AM Call to ratify RCEP and CPTPP by year-end

KUALA LUMPUR: Business and association leaders from various industries in Malaysia were unanimous in their call for the government to ratify the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) free trade agreements (FTAs) as soon as possible.
7:16 AM MAAG proposes to acquire 57.78% in Turiya

PETALING JAYA: MAA Group Bhd (MAAG) has proposed to acquire a 57.78% stake, representing 132.15 million shares, in Turiya Bhd for a cash consideration of RM23.8mil, or 18 sen per share.
tag stockMAA -4.2%, TURIYA -6.5%,
7:16 AM Alliance Bank simplifies payment relief assistance with WhatsApp

KUALA LUMPUR: Alliance Bank reaffirms its commitment to continue extending payment relief assistance to customers and is using innovative ways to enable them to sign up easily.
tag stockABMB -0.8%,
7:16 AM MCSB to sell stake in EPGL

PETALING JAYA: Mulpha Credit Sdn Bhd (MCSB) has entered into a transaction to dispose of its entire equity interest in New Zealand’s Education Perfect Group Ltd (EPGL).
tag stockMULPHA +2.2%,
3:12 AM Wall Street rises as Powell testifies, oil wavers
3:01 AM Nasdaq hits record high as Big Tech roars back
2:38 AM KPDNHEP assures adequate sugar supply for local consumption
2:30 AM DBS launches digital bond marketplace; Keppel Corp becomes first corporate...
2:17 AM Hatten Land signs MOU for subsidiary The Medici-Watermark to manage Melaka...
2:13 AM Olam reports 13.1% lower earnings for 1QFY21, announces S$601.7 mil rights issue
1:45 AM Sabah allows e-hailing drivers, food delivery riders to cross three districts
1:33 AM Sunway named among top 10 most attractive employers in Malaysia
tag stockSUNWAY -2.8%,
12:52 AM Malaysia-EU collaborate to strengthen healthcare system focusing on Covid-19
12:24 AM Affin Bank, MPHB Capital, Serba Dinamik, Sunway, Astro, Daibochi, Mulpha,...
tag stockAFFIN 0%, MPHBCAP -6.3%, SERBADK -10.1%, SUNWAY -2.8%, ASTRO 0%, DAIBOCI 0%, MULPHA +2.2%, YINSON 0%, TCS -1.9%, WILLOW -1.1%, WTHORSE -2.9%, MAA -4.2%, TURIYA -6.5%, DNEX -6.2%,
12:01 AM WCT, with RM5 bil order book, cautiously optimistic about its outlook
tag stockWCT -3.5%,


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