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Blog Headlines

Fri, 27 Nov 2020
6:50 PM Petronas posts narrower net loss of RM3.4b q-o-q on easing of lockdowns
6:42 PM Affin Bank’s 3Q net profit drops 28% q-o-q after recognising loan modification...
6:35 PM Malaysia, Singapore still in negotiations on HSR proposals, says Mustapa
6:08 PM Public Bank 3Q net profit higher at RM1.39b

KUALA LUMPUR: Public Bank posted net profit of RM1.39bil in the third quarter ended Sept 30,2020, a slight increase of 2.2% from RM1.36bil a year ago, underpinned by higher income from investments, stock broking, fund management and Islamic banking.
6:03 PM CIMB's 3Q pre-tax profit improves sequentially on higher operating income

KUALA LUMPUR: CIMB Group Holdings Bhd recorded a pre-tax profit of RM454mil in the third quarter ended Sept 30,2020, up 132% from the immediate preceding quarter on higher operating income across nearly all its segments.CIMB's 3Q pre-tax profit improves sequentially on higher operating income
6:03 PM BHIC reports possible irregularities in its RM9b littoral combat ship project...
6:02 PM HLBANK(5819)业绩出炉了  还能追吗?
tag stockHLBANK -0.4%, PBBANK -0.6%,
5:51 PM Padini’s 1Q net profit up 5.67% y-o-y although consumers are tightening belts
5:45 PM Kenanga IB profit up tenfold as brokerage, trading income soar

KUALA LUMPUR: Record trading volume on the stock exchange is helping to fuel profit growth at Kenanga Investment Bank Bhd.
5:32 PM KLCI eases from 11-month high, but persistent interest in penny stocks pushes...
5:19 PM Court sets aside fine, jail sentence against former DBKL executive director for...
5:15 PM RON95, RON97 prices up three sen per litre, diesel up four sen per litre — MoF
5:04 PM Govt signs deal with Pfizer for 12.8 mil Covid-19 vaccine doses — PM Muhyiddin
4:46 PM Building resilient communities at The Exchange TRX
4:45 PM Govt never appointed third-party agents for illegal immigrant recalibration...
4:38 PM Axiata soars after reporting two-fold rise in 3Q net profit
tag stockAXIATA +11.3%,
4:36 PM Gerakan lodges report with MACC over Penang's museum funding
4:19 PM Alliance Bank posts lower 2Q net profit of RM103.94m on higher reserves

KUALA LUMPUR: Alliance Bank Malaysia Bhd posted net profit of RM103.99mil in its second quarter ended Sept 30,2020 compared with RM115.52mil a year ago mainly due to prudent higher reserves.
tag stockABMB -0.4%,
4:18 PM Hong Leong Financial Group's 1Q profit up 19.75% on stronger contributions from...
tag stockHLFG -1.0%,
4:09 PM No rush to list edotco although it is ready for IPO, says Axiata
tag stockAXIATA +11.3%,
3:59 PM Budget 2021 formulated with balancing act in mind — MoF
3:39 PM Maybank sees 2.3% fall in 3Q net profit amid Covid-19 pandemic
tag stockMAYBANK +1.2%,
3:33 PM Suit against Azmin and children and counterclaim now have January hearing date
3:13 PM KNM secures RM93.63m energy storage vessel contract from Vattenfall
tag stockKNM -2.4%,
3:05 PM Hong Leong Bank's 1Q net profit up 28% q-o-q
tag stockHLBANK -0.4%,
3:03 PM Axiata 3Q net profit doubles to RM353m, but warns of challenging 4Q as...
tag stockAXIATA +11.3%,
2:49 PM Business prospects to improve in 4Q but remain pessimistic — DOSM
2:41 PM MoF: Important to invest in development expenditure to stimulate growth
2:40 PM Batu Sapi by-election to be held after emergency period ends — EC
2:34 PM NUFAM asks govt to absorb retrenched airline workers as frontliners
2:26 PM Pandemic and travel curbs hit Datasonic Q2 earnings

KUALA LUMPUR: Smartcards and passport supplier Datasonic Group Bhd said the Covid-19 pandemic and the international travel curb have impacted its business, contributing to lower revenue and profits in the second quarter ended Sept 30.
tag stockDSONIC -2.8%,
2:26 PM Alliance Bank’s 2Q net profit falls 10% on higher reserves
tag stockABMB -0.4%,
2:10 PM KNM bags RM93.6mil job in Berlin

KUALA LUMPUR: KNM Group Bhd has won a US$23mil (RM93.6mil) contract in Germany awarded by energy firm Vattenfall Wärme Berlin AG.
tag stockKNM -2.4%,
1:41 PM Appeals Court dismisses Jamal Yunos' appeal to strike out suit by Teresa Kok
1:34 PM Axiata records 3Q earnings recovery

KUALA LUMPUR: Axiata Group Bhd posted an earnings recovery in the third quarter ended Sept 30, 2020, as the operating environment improved on the back of easing lockdown measures.
tag stockAXIATA +11.3%,
1:33 PM Selangor offers RM20,000 reward for info on environmental crime
1:32 PM Press Metal rises 5.7% after posting 35% increase in 3Q profit
tag stockPMETAL +4.5%,
1:28 PM 《 KERJAYA(7161)业绩分享 》
tag stockKERJAYA +5.3%,
1:24 PM 分享另一家建筑股 TCS(0221)
tag stockTCS -2.1%,
1:24 PM Bursa slips into the red after early gains
1:20 PM Maybank records lower net profit of RM1.95b in 3Q

KUALA LUMPUR: Malayan Banking Bhd's net profit fell by 2.3% to RM1.95bil in the third quarter ended Sept 30, 2020, down by 2.3% from RM1.99bil a year ago due to the continued impact from the Covid-19 pandemic.
tag stockMAYBANK +1.2%,
12:55 PM KLCI stays afloat of 1,600, bank earnings in focus

KUALA LUMPUR: Investors took some cash off the table after yesterday rally following Parliament's passing of the policy stage of Budget 2021.
12:26 PM Malaysia's trade surplus widened to RM22.12b in October — MITI
12:08 PM October exports up 0.2% to RM91.1b, exceed forecast

KUALA LUMPUR: Malaysia's exports in October rose by 0.2% to RM91.10bil, exceeding a Bloomberg survery of a 0.4% decline, underpinned by rubber exports, palm oil agricuture products and electrical and electronic (E&E) products.
12:08 PM PPB falls despite posting steady result
tag stockPPB -1.6%,
12:00 PM Simultaneous by-elections for Gerik and Bugaya on Jan 16 — EC
11:50 AM Huawei founder urges Honor subbrand to become competitor after split

SHENZHEN: Huawei founder Ren Zhengfei called on employees of its departing Honor subbrand to strive to surpass its parent in a farewell speech as the tech giant sells the budget brand to keep its sanction-hobbled supply chains alive.
11:33 AM Sarawak Consolidated Industries' 3Q net profit leaps to RM12.43m
tag stockSCIB -7.6%,
11:32 AM Genting Malaysia falls after reporting 3Q net loss
tag stockGENM -2.7%,
11:23 AM Analysts maintain 'hold' on Heineken
tag stockHEIM -0.2%,
10:54 AM Healthcare, construction, tech stocks seen to be on uptrend on higher...
10:44 AM Covid-19: Malaysian among four asymptomatic imported cases in Singapore
10:35 AM [第一天] 5分钟看懂 GENM(4715) 2020年 Q3季报 ~ 云顶“又”亏?到底还行不行哦?
tag stockGENM -2.7%,
10:29 AM Construction drives SCIB’s 3Q strong financial results

KUALA LUMPUR: Sarawak Consolidated Industries Bhd posted a strong set of financial results in the third quarter ended Sept 30,2020 as its revenue jumped over 740% to RM183.73mil from RM21.86mil a year ago.
tag stockSCIB -7.6%,
10:24 AM Hengyuan up 9.2% after reporting net profit tripled quarter-on-quarter
tag stockHENGYUAN +13.5%,
10:23 AM Ringgit pauses after Budget 2021 rally

KUALA LUMPUR: The ringgit opened little changed against the US dollar today, after closing broadly higher yesterday, on positive sentiment brought by the approval of Budget 2021.
10:02 AM YTL Power records higher 1Q net profit of RM76.88m
tag stockYTLPOWR -2.1%,
10:01 AM AmInvest Research retains Buy on IHH with FV of RM6.25

KUALA LUMPUR: AmInvestment Research is maintaining its Buy call on IHH Healthcare with an unchanged fair value of RM6.25 a share.
tag stockIHH +0.5%,
9:47 AM Ringgit opens little changed against US dollar
9:40 AM Bursa continues upward momentum at opening
9:33 AM Genting, GentingM, Public Bank weigh on KLCI

KUALA LUMPUR: After the retail investor driven rebound on Bursa Malaysia on Thursday, blue chips made a slight retreat with some mild profit taking of Genting, Genting Malaysia and Public Bank in early Friday trade.
9:30 AM foodpanda’s Shops commits to delivering grocery and essentials under 30 minutes
9:17 AM Kenanga raises earnings outlook on Hap Seng Plantations

KUALA LUMPUR: Kenanga Research maintained its "outperform" recommendation on Hap Seng Plantations Bhd as its earnings results came in-line with expectations while another strong set of results are expected in the final quarter of 2020.
tag stockHSPLANT -1.1%,
9:05 AM Genting Malaysia price rebound unlikely to continue in 4Q

KUALA LUMPUR: Kenanga Research expects the recent strong price rebound to have priced in the earnings recovery and is unlikely to continue in the final quarter of the year.
tag stockGENM -2.7%,
8:17 AM Trading ideas: Genting, Kerjaya Prospek, Press Metal, TH Plant

KUALA LUMPUR: Genting Bhd, Genting Malaysia, Kerjaya Prospek, Press Metal and TH Plantation are among the stocks which could see trading interest on Friday following their recent corporate announcements, according to TA Securities Research.
tag stockGENTING -1.9%, KERJAYA +5.3%, PMETAL +4.5%, THPLANT -0.9%,
7:45 AM Asia stocks set for cautious open; dollar ticks up
7:33 AM MYEG developing a consolidation phase, says RHB Retail Research
tag stockMYEG +2.5%,
7:32 AM Uchi’s lengthy accumulation phase has ended, says RHB Retail Research
tag stockUCHITEC +2.2%,
7:17 AM HeveaBoard Q3 results exceed expectations

Target price raised as group returns to profitability
tag stockHEVEA +3.5%,
7:17 AM TNB quarterly net profit at RM1bil

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) net profit for the third quarter ended Sept 30, came to RM1.01bil, a 16.07% drop from RM1.2bil in the previous corresponding quarter due to higher finance cost, which was cushioned by foreign exchange gain and a non-cash fair value gain.
tag stockTENAGA -2.5%,
7:17 AM Genting Plantations poised to record stronger earnings

PETALING JAYA: Genting Plantations Bhd is expected to post stronger earnings in the fourth quarter of financial year 2020 (FY20) due to a recovery in fresh fruit bunches (FFB) yields at its estates in Indonesia and higher average crude palm oil (CPO) prices
tag stockGENP -3.5%,
7:17 AM Insight - BoJ makes stealthy retreat from negative rates

Japan sails into uncharted territory by subsidising regional banks
7:17 AM Insight - Deere tractors offer a smooth post-Covid ride

INVESTORS looking to ride the industrial recovery could do a lot worse than a Deere tractor.
7:17 AM The week that was - Gloves, airlines, Dow Jones

SHARES in Top Glove Corp Bhd buckled this week as the company’s sprawling manufacturing site in Klang, Selangor was put under enhanced movement control order (EMCO) for two weeks since Nov 17 following a surge in new Covid-19 cases.
tag stockTOPGLOV -0.9%, AIRASIA -1.4%,
7:17 AM UEM Edgenta nine-month FY2020 revenue at RM1.4bil

PETALING JAYA: Asset management and infrastructure solutions company UEM Edgenta Bhd reported a revenue of RM1.4bil and net loss of RM34.6mil for the first nine months of FY2020 compared with RM1.7bil in revenue and a net profit of RM85.4mil for the same period a year ago, due to the Covid-19 pandemic.
tag stockEDGENTA -0.5%,
7:17 AM The Jendela project boost to TM’s earnings

PETALING JAYA: Strong fiber adoption from the national digital network (Jendela) project, net additions for Unifi and higher growth for wholesale and data revenues are expected to lift Telekom Malaysia Bhd’s (TM) earnings going forward.
tag stockTM 0%,
7:17 AM New model launches set to drive UMW forward

PETALING JAYA: Expected launches of new car models toward year-end could provide further upside to UMW Holdings Bhd’s already stellar third-quarter (Q3) performance.
tag stockUMW +0.7%,
7:17 AM Retailers need to find ways to retain online, offline clients

PETALING JAYA: As the pandemic further disrupts the retail scene, businesses will have to strengthen their omni-channel offerings to retain both online and offline customers
7:17 AM Bank of Korea sounds upbeat on outlook

Central bank holds rates for fourth straight meeting
7:17 AM Disney to layoff about 32,000 workers in first half of 2021

BENGALURU: Walt Disney Co said it would layoff 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September as the company struggles with limited customers due to the coronavirus pandemic.
7:17 AM Indonesia’s banks resist pressure to lower rates

This can help country emerge from recession
7:17 AM Australia’s Bega Cheese buys Kirin dairy arm

SYDNEY: Australia’s Bega Cheese Ltd will buy the Australian dairy arm of Japanese drinks giant Kirin Holdings Co Ltd for A$560mil (US$412mil), the companies said yesterday, a 10% discount on China Mengniu Dairy Co Ltd’s offer in 2019.
7:17 AM Record remittances set to strengthen Philippine peso

MANILA: The Philippine peso, which lagged its peers in Asia this quarter, may get a boost in December with millions of Filipinos abroad set to send record amounts of money home to help families suffering from the pandemic and the recent typhoons.
7:17 AM MMC Corp to gain from economic recovery

PETALING JAYA: The momentum in economic recovery will continue to buoy MMC Corp Bhd as earnings are expected to get a boost from the gradual resumption in global and domestic trade.
tag stockMMCCORP +7.6%,
7:17 AM Economic uncertainty lifted

FBM KLCI reacts positively to passing of Budget 2021
7:17 AM Better performance by YTL Corp on cement, utilities ops

PETALING JAYA: YTL Corp Bhd posted an 18.2% increase in revenue to RM4.2bil for the three months ended Sept 30,2020 compared with RM3.5bil for the previous quarter ended June 30,2020.
tag stockYTL 0%,
7:17 AM Heineken sees sequential improvement in results

PETALING JAYA: Heineken Malaysia Bhd saw sequential improvement in revenue for the third quarter (Q3) ended Sept 30,2020, following a gradual recovery in sales during the recovery movement control order (MCO) period.
tag stockHEIM -0.2%,
7:17 AM Millennials have it tough

Young people are struggling more financially than others in a pandemic, according to a survey
7:17 AM DRB-Hicom’s earnings buoyed by tax holiday

PETALING JAYA: DRB-Hicom Bhd reported a net profit of RM47.5mil in its third quarter ended Sept 30, on the back of revenues at RM3.56bil.
tag stockDRBHCOM -2.0%,
7:17 AM Sime Darby eyes more opportunities in China

Group plans inorganic growth in industrial, motors, healthcare
tag stockSIME -4.1%,
7:17 AM UOA Development Q3 net profit rises 105%

KUALA LUMPUR: UOA Development Bhd posted a 105% year-on-year rise in net profit to RM208.9mil for its third quarter ended Sept 30, mainly due to the fair value adjustment of RM114mil with the revaluation of UOA Corporate Tower (UCT) and progressive recognition of on-going projects: South Link Lifestyle Apartments and Aster Green Residence.
tag stockUOADEV +0.6%,
7:00 AM Third-quarter earnings cheer

Firms show better results as sectors open
tag stockIJMPLNT 0%, MPI +0.5%, INARI +0.8%, NESTLE -0.9%,
7:00 AM Genting group sees strong improvement in Q3 on business resumption

PETALING JAYA: Genting Bhd saw its revenue improve to RM3.3bil for the third quarter ended Sept 30,2020 (Q3), compared with RM1.11bil in the second quarter of the year.
tag stockGENM -2.7%, GENTING -1.9%,
6:41 AM Trump says coronavirus vaccine deliveries to begin next week

WASHINGTON: US President Donald Trump said on Thursday that delivery of the coronavirus vaccine would begin next week and the week after.
6:30 AM Venezuela resumes direct oil shipments to China despite U.S. sanctions

Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data and internal documents from state company Petroleos de Venezuela (PDVSA).
6:25 AM Oil rally stalls on signs of more supply, demand doubts

LONDON: Oil price slipped from seven-month highs on Thursday as signs of growing supplies helped to halt a rally driven by optimism that COVID-19 vaccines will revive fuel demand.
6:18 AM GLOBAL MARKETS-World shares hold close to record highs, US markets close for Thanksgiving

LONDON: Global stocks held near record highs on Thursday, as recent vaccine progress, Joe Biden's U.S. presidential election victory and hopes for further stimulus kept markets bullish. (US markets close for Thanks giving)
1:34 AM Thailand ready to cooperate with Malaysia over border control
1:22 AM TIME dotCom’s 3Q net profit falls 21% on higher operating costs
tag stockTIMECOM -0.9%,
1:16 AM Ho Hup in JV to develop 11.77 acres of land in Ampang
tag stockHOHUP -1.2%,
1:07 AM Budget 2021: Support shown reflects MPs' maturity — Muhyiddin
12:50 AM PenjanaKerjaya has helped more than 120,000 job seekers — Socso
12:44 AM Far East's 3Q net profit jumps to RM39 mil
tag stockFAREAST +0.4%,
12:24 AM Sime Darby, PPB, Dutch Lady, Hengyuan, Velesto, DRB-Hicom, GenM, Genting,...
tag stockSIME -4.1%, PPB -1.6%, DLADY -0.9%, HENGYUAN +13.5%, VELESTO +3.7%, DRBHCOM -2.0%, GENM -2.7%, GENTING -1.9%, WPRTS +0.7%, HEIM -0.2%, PMETAL +4.5%, MAGNUM -0.5%, HSL +4.3%, KERJAYA +5.3%,
12:18 AM 15,361 licensed factories, industries operate in two river basins in Selangor
12:08 AM Both Hap Seng Consolidated and listed unit Hap Seng Plantation net profits jump...
tag stockHAPSENG -1.2%, HSPLANT -1.1%,
Thu, 26 Nov 2020
11:48 PM Employers need more time to comply with Workers' Housing Act — MEF
11:38 PM Top Glove spends lower amount on 13th day of share buyback
tag stockTOPGLOV -0.9%,
11:05 PM Genting Bhd 3Q losses narrow on resumption of global resort ops
tag stockGENTING -1.9%,
10:57 PM IHH swings back into the black in 3Q on operational recovery, one-off forex gain
tag stockIHH +0.5%,
10:57 PM IHH swings back into the black in 3Q on operational recovery, realisation of...
tag stockIHH +0.5%,
10:13 PM Sarawak Oil Palms' 3Q net profit rises to RM73.83 mil
tag stockSOP +1.3%,
9:58 PM Dutch Lady 3Q net profit down 56.5% q-o-q on one-off inventory write off
tag stockDLADY -0.9%,
9:57 PM Hengyuan’s 3Q net profit triples on higher oil prices
tag stockHENGYUAN +13.5%,
9:49 PM Velesto reports modest 3Q net profit after loss-making quarter
tag stockVELESTO +3.7%,
9:40 PM Auto business steers DRB-Hicom back into the black in 3Q
tag stockDRBHCOM -2.0%,
8:59 PM EVENING 5: Five things you need to know today
8:58 PM Bina Puri JV secures RM1.04 bil HSR contract in Thailand
tag stockBPURI +5.6%,
8:48 PM Anwar says fight is not over after Budget passed at policy stage
8:45 PM Genting Malaysia’s 3Q net loss narrows q-o-q as operations resume
tag stockGENM -2.7%,
8:40 PM Press Metal posts steady Q3 profit of favourable pricing

KUALA LUMPUR (Bernama) -- Press Metal Aluminium Holdings Bhd recorded a slight increase in net profit to RM121.98 million for the third quarter ended Sept 30, 2020, compared with RM121.51 million in the same period last year.
tag stockPMETAL +4.5%,
8:37 PM Top Glove-linked Teratai cluster reports 30 new cases
tag stockTOPGLOV -0.9%,
8:33 PM TH Plantations to complete sale of assets over next 12 months

KUALA LUMPUR (Bernama) -- TH Plantations Bhd has commenced efforts to sell its group’s assets within 12 months, citing challenging operating conditions amid the COVID-19 pandemic.
tag stockTHPLANT -0.9%,
8:26 PM Westports posts better Q3 net profit of RM203.8 mil
tag stockWPRTS +0.7%,
8:01 PM YTL returns to the black in 1Q as utilities, cement manufacturing divisions...
tag stockYTL 0%,
8:00 PM PPB’s 3Q net profit up 4.41% on higher Wilmar profit
tag stockPPB -1.6%,
7:55 PM Covid-19: Six new clusters detected, while two ended
7:49 PM Press Metal 3Q net profit up 35% on higher aluminium prices
tag stockPMETAL +4.5%,
7:49 PM Heineken returns to profit as MCO restrictions lift, but cautions of recovery...
tag stockHEIM -0.2%,
7:04 PM Eligible members can apply for i-Sinar beginning mid-December — EPF
6:58 PM MACC launches probe into misappropriation of music royalties
6:55 PM Magnum returns to black in 3Q on higher draws q-o-q
tag stockMAGNUM -0.5%,
6:54 PM IHH net profit bounce back thanks to patient volume recovery

KUALA LUMPUR: IHH Healthcare Bhd returned to profit in the three-month ended Sept 30, rebounding strongly from a weak second quarter.
tag stockIHH +0.5%,
6:41 PM Berjaya Corp’s 1Q net loss narrows q-o-q as business activity picks up post-MCO
tag stockBJCORP 0%,
6:25 PM Covid-19: Malaysia logs 935 new cases today, pushing total past 60,000
6:24 PM Kerjaya Prospek confident of keeping double-digit PAT margins after 3Q earnings...
tag stockKERJAYA +5.3%,
6:24 PM MOF announces expansion of Covid-19-related allocations for Sabah, frontliners...
6:16 PM KLCI up 14.53 points to end at intraday high after Parliament approves Budget...
6:15 PM MATRADE: 58 Malaysian companies to participate in CAEXPO 2020
6:12 PM TH Plantations returns to black in 3Q with net profit of RM16m
tag stockTHPLANT -0.9%,
6:10 PM YTL Power posts higher Q1 net profit

KUALA LUMPUR: YTL Power International Bhd, the utility subsidiary of the YTL Corp Bhd, registered improved earnings in the first quarter ended Sept 30 despite a decline in sales.
tag stockYTLPOWR -2.1%,
6:00 PM Police intensify search for remaining smugglers in shooting incident
5:53 PM Higher volume and better products mix lift JCY earnings

KUALA LUMPUR: hard disc drive (HDD) components maker JCY International Bhd turned a profit in the last quarter ended Sept 30 on higher shipment volume and a reversal of certain impairments.
tag stockJCY -4.5%,
5:34 PM Market jumps after Budget passed in parliament

KUALA LUMPUR: Bursa Malaysia was given a boost on Thursday after the RM322.5bil federal budget, the nation's largest ever, was passed despite a call by the Opposition for bloc voting.
5:34 PM Court orders reinstatement of PTD officer sacked for alleged anti-government...
5:26 PM Palm oil export value will suffer if Malaysia stops exporting to EU, says...
5:25 PM Automatic approval for extended moratorium on loan repayment for B40 and micro...
5:23 PM Tengku Zafrul confirms govt will reduce RM85.5m allocation for JASA
5:16 PM Wisma Putra ready to bring back Jho Low, says Hishammuddin
4:51 PM Sime Darby sees China ops as earnings growth driver for FY21
tag stockSIME -4.1%,
4:50 PM Ringgit spikes after Parliament approves Budget 2021
4:31 PM Sime Darby gets conditional nod for 30% Tesco stake sale to Thailand's CP Group
tag stockSIME -4.1%,
4:21 PM Automatic moratorium on loan repayment extended for B40 and SMEs
3:57 PM Evergrande Property's Hong Kong IPO meets with lukewarm reception, raises US$1.8bil

HONG KONG: Evergrande Property Services Group's Hong Kong IPO priced at the lower end of expectations to raise $1.8 billion, three sources said, the tepid demand underscoring concerns about the financial health of its debt-laden parent.
3:49 PM HeiTech Padu explores data centre-related business, shares suspended until end...
tag stockHTPADU -6.9%,
3:43 PM KLCI crosses 1600 points, with eyes on Budget 2021 vote
3:41 PM KLCI surges after Parliament approves Budget 2021
3:28 PM Southeast Asia IPO proceeds buck downtrend to hit US$6.4bil as of mid-Nov

KUALA LUMPUR: Total initial public offering (IPO) activity across Southeast Asia as of mid-November this year bucked the overall downward trend to inch up to pre-COVID-19 levels, with US$6.44 billion (US$1=RM4.09) in funds raised from 100 IPOs.
3:26 PM Japan shares end at over 29.5-year high as Nasdaq gains cheer tech stocks

TOKYO: Japanese shares closed at a more than 29-and-a-half-year high on Thursday, as tech shares tracked overnight advances on the U.S. Nasdaq, but worries over latest coronavirus restrictions at home hindering economic recovery capped gains.
3:25 PM Govt mulling acquiring assets to boost border control — deputy home minister
3:22 PM HeiTech Padu explores partnership with Regal Orion

KUALA LUMPUR: HeiTech Padu Bhd has entered a memorandum of understanding with Regal Orion Sdn Bhd to explore business synergies and to enhance data-centre-related business activities in Malaysia.
tag stockHTPADU -6.9%,
3:19 PM UTP remains Malaysia’s top private university in QS Asia Rankings 2021
3:17 PM Budget 2021: Govt agrees to automatic moratorium on loans for B40 group and SMEs

KUALA LUMPUR: The government has agreed to implement an automatic moratorium on loan repayments for those in the B40 group as well as micro and small-medium enterprises (SMEs).
3:06 PM IPO appetite resilient in Malaysia despite lockdown measures — Deloitte Malaysia
3:00 PM Fiamma, FPI, PPHB, G Capital, Khind, Privasia
tag stockFIAMMA +0.9%, FPI -0.4%, PPHB -1.1%, GCAP -4.0%, KHIND +23.6%, PRIVA -6.1%,
2:48 PM EPF to expand i-Sinar facility to include those affected by pay cuts — MoF
2:47 PM Hock Seng Lee 3Q net profit up 175% q-o-q on higher revenue
tag stockHSL +4.3%,
2:34 PM Cargill to invest RM81m to upgrade palm oil production facility in Port Klang
2:12 PM Kerjaya Prospek 3Q net profit triples on resumption of construction projects,...
tag stockKERJAYA +5.3%,
1:56 PM Sime Darby's motor division recovery propels 1Q net profit to RM281mil

KUALA LUMPUR: Sime Darby Bhd posted a net profit of RM281mil in the first quarter of its financial year ended Sept 30, 2020, 14.2% higher than RM246mil in the previous corresponding quarter on strong growth in the group's motor division, especially in China.
tag stockSIME -4.1%,
1:54 PM IRB to stop receiving payments via posted cheques from Jan 1
1:42 PM Analysts raise IJM Corp target price as Budget 2021 boosts group's prospects
tag stockIJM -0.6%,
1:30 PM Cahya Mata Sarawak up as much as 9.1% on q-o-q earnings improvement
tag stockCMSB +0.6%,
1:29 PM TNB posts 3Q net profit of RM1.01bil

KUALA LUMPUR: Tenaga Nasional Bhd's (TNB) net profit for the third quarter ended Sept 30, 2020 came to RM1.01bil, a 16.07% drop from RM1.2bil in the previous corresponding quarter due to higher finance cost, which was cushioned by forex gain and a non-cash fair value gain.
tag stockTENAGA -2.5%,
1:21 PM Westports records stronger 3Q results as container throughput improves

KUALA LUMPUR: Westports Holdings Bhd’s third quarter net profit rose by 28% to RM203.85mil from a year ago as container throughput improved following a resumption in global economic activities.
tag stockWPRTS +0.7%,
1:17 PM Malaysia on China's Covid-19 vaccine priority recipient list, says Muhyiddin
1:14 PM Sime Darby 1Q net profit up at RM281m from RM246m a year earlier
tag stockSIME -4.1%,
1:12 PM Employee at Resorts World Genting tested positive for Covid-19
tag stockGENM -2.7%,
1:11 PM Court reschedules hearing of Lokman's contempt appeal to Jan 14
12:59 PM KLCI tops 1,600 as Budget 2021 debates continue

KUALA LUMPUR: The FBM KLCI topped the 1,600-point mark as it extended yesterday's rally on growing optimism over the discovery of the Covid-19 vaccines and as Parliament discussions over Budget 2021 continued.
12:57 PM KLCI crosses 1,600-point threshold as select blue chips lift
12:40 PM TNB's 3Q net profit down year-on-year to RM1.01b from RM1.2b
tag stockTENAGA -2.5%,
12:25 PM Honda Malaysia recalls 2,784 vehicles for Takata driver front airbag inflator...
12:22 PM RHB Research keeps Buy call on Sime Property, TP 88 sen

KUALA LUMPUR: RHB Research is maintaining its Buy call on Sime Darby Property and a target price of 88 sen, which is 52% above its Wednesday’s closing price of 58 sen, with a 3% yield.
tag stockSIMEPROP -0.9%,
12:10 PM 7-Eleven 3Q net profit surges over 12-fold q-o-q on better sales during RMCO
tag stockSEM -1.5%,
12:06 PM MPI emerges as top gainer on firm earnings, dividend
tag stockMPI +0.5%,
11:46 AM Covid-19 case at MOTAC HQ, all staff working from home
11:45 AM Hong Malaysia issues recall for 2,784 of 20-year old Accord, CR-V

KUALA LUMPUR: Honda Malaysia has issued a product recall involving 2,784 units of 1999 and 2000 year model Honda vehicles to replace the Takata driver front airbag inflator.
11:16 AM Genting Plantations rises after posting strong 3Q earnings
tag stockGENP -3.5%,
11:03 AM Quick take: Vivocom continues to slide, GETS slips

KUALA LUMPUR: Shares of Vivocom and GETS Global fell in mid-morning trade on Thursday as the stocks came under selling pressure after the recent rally.
tag stockVIVOCOM +25.5%, GETS +1.4%,
11:02 AM TM rises 2.69% after posting stellar results
tag stockTM 0%,
10:47 AM Parliament proceedings to continue today until Budget 2021 debates are concluded
10:36 AM Prestar jumps 7% to three-month high on solid 3Q earnings
10:20 AM KLCI reverses earlier loss as glove makers lift
10:12 AM [第一天] 债券市场怎么了?债券基金的走势怎么感觉很慢? moneyKing
10:11 AM [水星] 輸得清醒Number of Likes1 like moneyKing
10:11 AM Top Glove rises after chairman says FY21 dividend yield estimated to be over 6%
tag stockTOPGLOV -0.9%,
9:39 AM Market cautious, eyes on Budget passage

KUALA LUMPUR: Investors were cautious in early Thursday trade as they worried whether the Budget 2021 proposals would secure majority vote in parliament later in the day.
9:25 AM Should National Service be revived?
9:17 AM Maybank IB Research has Buy on IJM Corp, higher TP of RM1.98

KUALA LUMPUR: Maybank Investment Bank Research continues to have a Buy call on infrastructure-property-plantation group IJM Corp with a higher target price of RM1.98 which is 26% higher than the earlier TP of RM1.58.
tag stockIJM -0.6%,
9:17 AM OCK earnings remain highly sustainable on recurring income, says Kenanga

KUALA LUMPUR: Kenanga Research expects OCK Group Bhd's overall earnings to remain highly sustainable due to solid recurring revenue streams and potential benefit from upcoming government initiatives.
tag stockOCK +2.3%,
9:10 AM KLCI retreats on regional pause, Budget 2021 concerns
9:02 AM Kenanga maintains 'market perform' on IOI Properties

KUALA LUMPUR: Kenanga Research remains cautiously optimistic over IOI Properties Group Bhd's prospects following its earnings results that came within expectations.
tag stockIOIPG +9.4%,
9:00 AM Economists see no further OPR easing in next MPC meet after October’s 1.5% CPI...
8:54 AM Asian shares slip as investors pause for breath after massive rally

WASHINGTON: Asian shares dipped slightly on Thursday as the hot run up in global markets took a breather, with investors switching their focus from vaccine hopes to disappointing U.S. jobs data and new COVID-19 lockdowns.
8:47 AM South Korea leaves policy rate unchanged

SEOUL: South Korea's central bank kept its key policy rate steady on Thursday as the economy showed signs of recovery and concerns about rising household debt prevailed, even as the country faced a third wave of coronavirus infections.
8:35 AM Trading ideas: Ekovest, GDEx, Telekom, MPI, IJM Corp

KUALA LUMPUR: Ekovest, GD Express Carrier, Telekom Malaysia, Malaysian Pacific Industries and IJM Corp are among the stocks which could see trading interest following their corporate announcements, TA Securities Research said on Thursday.
tag stockEKOVEST -2.0%, GDEX -2.3%, TM 0%, MPI +0.5%, IJM -0.6%,
8:24 AM JF Apex keeps Buy on AME Consortium, raises target to RM2.53
tag stockAME -1.3%,
8:00 AM Parliament to decide on the National Budget today
8:00 AM Naim developing a sideways trading pattern, says RHB Retail Research
tag stockNAIM -1.3%,
7:53 AM Prestar 3Q net profit rises more than two-fold to RM5.23m on higher steel prices
tag stockPRESTAR 0%,
7:17 AM Uchi Q3 earnings at RM23.7mil

PETALING JAYA: Uchi Technologies Bhd’s net profit rose to RM23.72mil in the third quarter ended Sept 30, from RM23.03mil in the same period last year.
tag stockUCHITEC +2.2%,
7:17 AM Mesiniaga wins Socso contract

KUALA LUMPUR: Mesiniaga Bhd has received a RM19.11mil contract for the supply, delivery, installation, configuration, testing, training, commissioning, and maintenance of local area network and network access control for the Social Security Organisation (Socso).
tag stockMSNIAGA +0.8%,
7:17 AM Payments startup Stripe seeks funding at US$70bil value

SAN FRANCISCO: Private financial technology business Stripe Inc is in talks to raise a new funding round valuing it higher than its last private valuation of US$36bil, according to people familiar with the matter.
7:17 AM Digital Colony’s Asia towers bet

SINGAPORE: Digital Colony has formed a partnership with former Edotco Group Sdn Bhd CEO Suresh Sidhu to invest in mobile towers in the Asia-Pacific region, according to people with knowledge of the matter.
7:17 AM Tech shares still have room to run, says Principal Global

SINGAPORE: Technology stocks can notch further gains even as investors move beyond pandemic trades, according to Principal Global Investors.
7:17 AM NPLs in Indian banking sector to rise

NEW DELHI: Non-performing loans (NPLs) in the Indian banking sector is likely to witness an uptick and may shoot up to 11% of gross loans in the next 12-18 months, S&P Global Ratings said on Tuesday.
7:17 AM Oil price rising on demand optimism and vaccine breakthrough

SINGAPORE: Oil kept rising after closing at a eight-month high on increasing optimism that recent Covid-19 vaccine breakthroughs will lead to a swift recovery in global energy demand next year.
7:17 AM Dow optimism not matched by bond traders

YOU can almost feel the frustration starting to boil over in the world’s biggest bond market.
7:17 AM Tesla’s stock market value accelerates past massive US$500bil

New York: Tesla’s market value soared to more than US$500bil Tuesday ahead of its listing on the S&P 500, with its stock finishing up 6.4% or by nearly US$32bil in 24 hours.
7:17 AM Insight - Investors press mining firms to revamp heritage oversight

RIO Tinto’s destruction of sacred indigenous rock shelters in Australia this year has dismayed and galvanised a swathe of investors who want big changes in how mining firms manage heritage issues and have begun to tell them so
7:17 AM Japan calls for wise spending and budget balance

TOKYO: Japan must pursue “wise spending” to back digital transformation and better productivity rather than simply boosting the size of stimulus in the wake of the Covid-19 pandemic, an advisory panel to Finance Minister Taro Aso said on yesterday.
7:17 AM The Philippines woos investors

MANILA: The Philippines is opening its doors to foreign investment as it tries to bounce back from the pandemic, Trade Secretary Ramon Lopez said yesterday, touting corporate income tax cuts and structural reforms that can withstand political successions.
7:17 AM China’s central bank’s liquidity injection

BEIJING: China’s central bank injected liquidity into the banking system through open market operations yesterday.
7:17 AM Hong Kong cuts stamp duty on some property

HONG KONG: The Hong Kong government is scrapping an extra stamp duty levied on commercial property purchases in an effort to bring the lackluster market back to life.
7:17 AM China to maintain proactive fiscal policy

BEIJING: China will secure positive growth in its economy this year, and the country is aiming to restore its economic development to a reasonable range next year, Premier Li Keqiang said on Tuesday.
7:17 AM GDEX expansion to create over 1,000 jobs

Firm plans to grow warehouses, distribution centres
tag stockGDEX -2.3%,
7:17 AM Boosting cryptocurrency trading in Japan

TOKYO: Central bank digital currencies will help boost trading of cryptocurrencies by providing a more convenient platform for converting cryptocurrencies into legal tenders, said Oki Matsumoto, head of Japan’s Monex Group.
7:17 AM Johor Budget 2021 to focus on three main pillars

JOHOR BARU: Johor Budget 2021 will focus on three main foundations: improving the people’s well-being, driving economic recovery, and building the state’s fiscal and economic resilience.
7:17 AM AirAsia may embark on fundraising route

PETALING JAYA: AirAsia Group Bhd is considering a rights issue, debt financing and even a private placement to raise more capital until air travel demand picks up.
tag stockAIRASIA -1.4%,
7:17 AM Positive long-term outlook for Leong Hup

KUALA LUMPUR: The long-term outlook for Leong Hup Industries Bhd (LHI) is positive due to the stable demand of chicken, the group’s efforts in developing its downstream business, according to analysts
tag stockLHI +0.7%,
7:17 AM Mah Sing Plastics inks RM12mil photovoltaic deal with Plus Solar

PETALING JAYA: Mah Sing Plastics Industries Sdn Bhd (MSPI) has awarded a RM12mil solar photovoltaic (PV) installation project to clean energy provider Plus Solar Systems Sdn Bhd to outfit MSPI’s smart factory in Klang, Selangor.
tag stockMAHSING -2.2%,
7:17 AM Sime Darby Property’s Q3 revenue at RM593mil

PETALING JAYA: Sime Darby Property Bhd (SDP), which is confident of exceeding its revised annual sales target of RM1.4bil this year, achieved a revenue of RM592.63mil for its third quarter ended Sept 30, compared with RM850.03mil in the previous corresponding period.
tag stockSIMEPROP -0.9%,
7:17 AM UMW Holdings expects improved results

The easing of lockdowns is seeing better performance
tag stockUMW +0.7%,
7:17 AM Aeon quarterly net profit jumps 123% to RM16.3mil

KUALA LUMPUR: Aeon Co (M) Bhd net profit rose by 123% to RM16.35mil in the third quarter ended Sept 30, from RM7.32mil a year ago due to improvement in merchandise gross margin.
tag stockAEON -1.2%,
7:17 AM Singapore pushes digital banks in face of tightening security

SINGAPORE: Singapore’s financial regulator will stick with its plans to award digital banking licences by the end of the year, undeterred by tightening scrutiny in China and the United States that’s hitting major Chinese applicants.
7:17 AM TM rings up higher quarterly net profit

Company gains from cost optimisation
tag stockTM 0%,
7:17 AM IJM Corp’s Q2 net profit rises more than 40%

PETALING JAYA: IJM Corp Bhd’s net profit for its second quarter ended Sept 30,2020 rose more than 40% to RM99.52mil compared with RM70.10mil in the previous corresponding period, mainly due to lower contribution from its construction, property development and manufacturing and quarrying divisions
tag stockIJM -0.6%,
7:17 AM O&G sector gets a shot in the arm

Energy-related counters among top gainers on Bursa
tag stockHIBISCS +1.7%, SAPNRG -4.2%, PENERGY +3.0%, SERBADK -0.6%,
7:17 AM Top Glove expects to overcome challenges quickly

PETALING JAYA: Top Glove Corp Bhd does not expect order cancellations from its customers as a result of delays in delivery due to its reduced operations.
tag stockTOPGLOV -0.9%,
7:17 AM Solarvest Q2 net profit jumps

PETALING JAYA: Solar photovoltaic system specialist Solarvest Holdings Bhd posted a 9.4% jump in net profit to RM4.0mil for the second quarter ended Sept 30, from RM3.66mil a year earlier thanks to higher contribution from its residential, and commercial and industrial (C&I) segment.
tag stockSLVEST 0%,
6:51 AM MH17 judges reject request to investigate alternative crash scenarios

AMSTERDAM: Judges hearing the case against four defendants in the 2014 downing of Malaysia Airlines flight MH17 over eastern Ukraine rejected on Wednesday a defence request for more time to investigate alternative explanations for the crash.
6:45 AM Oil price rallies past 8-mth high on US crude inventory draw, vaccine hopes

NEW YORK: Oil prices climbed nearly 2% to their highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.
6:39 AM Tesla's upcoming S&P 500 debut fuels 'crazy' trading volume

NEW YORK: If you traded a stock in the past week, there's a fair chance it was Tesla.
6:33 AM Rising US weekly jobless claims, COVID-19 cases point to slowing economic recovery

WASHINGTON: The number of Americans filing first-time claims for jobless benefits increased further last week, suggesting that an explosion in new COVID-19 infections and business restrictions were boosting layoffs and undermining the labor market recovery.
6:28 AM Asia stocks face muted start as global rally ebbs
6:27 AM GLOBAL MARKETS-Stocks dip on US jobs data; dollar down,

NEW YORK: Stocks ended near the previous session record high on Wednesday as Wall Street bumped up against disappointing job market data, while oil continued to rise and the dollar weakened further.
6:22 AM Brazil ends Boeing 737 MAX ban, planes could fly by year-end

RIO DE JANEIRO: Brazilian aviation regulator ANAC on Wednesday lifted the grounding of the Boeing 737 MAX, following U.S. clearance of the jets for flight, after a redesign prompted by two fatal crashes that killed 346 people
1:49 AM J-KOM: Breathing new life into Govt's information delivery system
1:39 AM UK should open market wider for Malaysian palm oil — MPOA
1:08 AM Top Glove spends RM50m on 12th day of share buyback
tag stockTOPGLOV -0.9%,
1:05 AM Unified ASEAN can avert South China Sea conflict — Philippine minister
1:02 AM Textron to sell part of flight simulation unit to Canada's CAE for US$40 mil
12:57 AM PM Muhyiddin faces bellwether vote on Budget 2021
12:54 AM Foreign vessels allowed to repair submarine cables if local operators are...
12:40 AM MPI, Parkson, IJM, IJM Plantations, Glomac, GenP, KNM, MMC, Sime Darby Property...
tag stockMPI +0.5%, PARKSON 0%, IJM -0.6%, IJMPLNT 0%, GLOMAC -3.1%, GENP -3.5%, KNM -2.4%, MMCCORP +7.6%, SIMEPROP -0.9%, TDM +1.9%, TM 0%, UOADEV +0.6%, EDGENTA -0.5%,
12:20 AM October’s 1.5% CPI drop largely expected, economists see no further OPR easing...
12:15 AM Mesiniaga bags RM19m contract from Socso
tag stockMSNIAGA +0.8%,
12:13 AM CPO futures market ends higher on stronger soybean oil prices
12:11 AM Covid-19: Revised SOP for Sabah travellers following drop in cases — Health D-G
Wed, 25 Nov 2020
11:59 PM Battersea Power Station owner takes US$208 mil impairment
11:52 PM ICG nears US$196 mil deal for Malaysian hypermarket
11:51 PM Jan 5 for court to be updated on Roger Ng's representation over 1MDB charges
11:48 PM Evening 5: Five things you need to know today
11:20 PM MH17 judges reject request to investigate alternative crash scenarios
10:54 PM Wee assures tech giants on undersea cable repair works
10:42 PM Cahya Mata Sarawak net profit up 180% q-o-q due to resumption of full operations
tag stockCMSB +0.6%,
10:38 PM Aeon returns to black in 3Q as relaxation in lockdown boosts consumer spending
tag stockAEON -1.2%,
10:28 PM UMW jumps back to profit in 3Q as all biz segments improve on easing of...
tag stockUMW +0.7%,
10:18 PM Parkson 1Q net losses narrow on sales recovery in China and Malaysia
tag stockPARKSON 0%,
9:58 PM No signs of Top Glove-linked Teratai cluster spreading infection to nearby...
tag stockTOPGLOV -0.9%,
9:55 PM IJM Plantations 2Q net loss narrows, quarterly revenue up 22%
tag stockIJMPLNT 0%,
9:46 PM UEM Edgenta remains in red but narrows losses in 3Q
tag stockEDGENTA -0.5%,
9:37 PM Depressed US dollar plumbs lowest levels in nearly 3 months, FOMC minutes awaited

LONDON (Reuters) - The US dollar traded near its lowest levels in nearly 3 months on Wednesday as progress in developing a novel coronavirus vaccine and expectations for a fiscal boost from a new U.S. government triggered a shift of funds from the greenback to riskier assets.
9:32 PM UMW Q3 net profit slips to RM101mil

KUALA LUMPUR (Bernama) -- UMW Holdings Bhd’s net profit narrowed to RM101.28 million in the third quarter ended Sept 30, 2020 (Q3FY20) from RM110.29 million in the same period last year.
tag stockUMW +0.7%,
9:28 PM KNM’s 3Q earnings up 60% on higher exchange gain and cost savings
tag stockKNM -2.4%,
9:21 PM MPI 1Q net profit rises on higher revenue
tag stockMPI +0.5%,
9:21 PM Top Glove expects EMCO on its workers' dormitories in Klang to be extended by a...
tag stockTOPGLOV -0.9%,
9:07 PM Malaysia-UK trade, investment ties enhanced via formation of joint committee
8:59 PM Glomac 2Q net profit surges 63% as construction activities resume
tag stockGLOMAC -3.1%,
8:58 PM Ekovest: Deferment for unpaid portion of Kesturi’s RM180m junior bonds coupons...
tag stockEKOVEST -2.0%,
8:47 PM IJM Corp bounces back with RM99.5m quarterly net profit
tag stockIJM -0.6%,
8:41 PM MPI registers 50% jump in Q1 net profit

KUALA LUMPUR: Malaysia Pacific Industries Bhd (MPI), a semiconductor company, reported a surge in quarterly profits boosted by improved margin amid higher demand from clients in Asia and the US.
tag stockMPI +0.5%,
8:37 PM Top Glove sees demand doubling when vaccines ready by year-end

KUALA LUMPUR: While pharmaceutical companies are gaining momentum on positive COVID-19 vaccination news, Top Gloves Corporation Bhd expects demand for examination gloves to double when the vaccines are ready by year-end.
tag stockTOPGLOV -0.9%,
8:26 PM MMC Corp posts lower earnings in Q3

KUALA LUMPUR: MMC Corp Bhd posted weaker earnings in the third quarter ended Sept 30, as improved results from its port and logistics operations were offset by lower contributions from its engineering and utilities division.
tag stockMMCCORP +7.6%,
8:22 PM Candy maker Khee San lodges police report against former chairman for alleged...
tag stockKHEESAN 0%,
8:09 PM Covid-19: Five new clusters with 150 infections detected, while three clusters...
7:53 PM Covid-19: KLIA MASkargo staff to be quarantined from tomorrow
7:47 PM MMC Corp 3Q net profit down 8% on lower revenue
tag stockMMCCORP +7.6%,
7:40 PM 71% of Malaysians view Government corruption as a big problem, says TI-M
7:20 PM Genting Plantations 3Q net profit rises by three folds on higher palm prices
tag stockGENP -3.5%,
7:12 PM Dogged by selling pressure, Top Glove again settles in the red
6:57 PM Higher retail margin lifts AEON earnings in Q3

KUALA LUMPUR: AEON Co. (M) Bhd more than doubled its profits in the third quarter ended Sept 30, as improved retail margin offset lower sales.
tag stockAEON -1.2%,
6:51 PM Bullish sentiment on Wall Street spills over to Bursa, KLCI climbs 1.22%
6:40 PM 70% target for Covid-19 vaccination in Malaysia will focus on adult group —...
6:35 PM Malaysia’s new Covid-19 cases drop to 970, daily recoveries hit all-time high...
6:28 PM Covid-19: Govt mulls screening foreign workers every two weeks
6:26 PM Prestar’s 3Q net profit jumps 132% to RM5.2mil

KUALA LUMPUR: Prestar Resources Bhd’s net profit in the third quarter jumped 132% to RM5.2mil from RM2.2mil a year ago on higher steel prices and positive contributions from its steel pipes, guardrails and racking division.
tag stockPRESTAR 0%,
6:21 PM IATA: Airlines face bankruptcy risk without govt financial support
6:20 PM KNM posts higher Q3 profits on greater cost savings

KUALA LUMPUR: KNM Group Bhd registered increased profits in the three-month ended Sept 30, as greater savings on operating costs boosted margins despite a drop in revenue.
tag stockKNM -2.4%,
6:17 PM EMCO in Mukim Sungai Seluang, Kulim from Nov 27 — Ismail Sabri
6:06 PM Ralco ends 47% higher after reporting strong quarterly earnings
tag stockRALCO -1.8%,
6:05 PM Top Glove estimates dividend yield to be more than 6% in FY21 — chairman
tag stockTOPGLOV -0.9%,
6:04 PM Builder IJM sees encouraging outlook after improved Q2 results

KUALA LUMPUR: IJM Corp Bhd posted higher profits in the second quarter and said the prospects for its construction division is better with the recently unveiled expansionary Budget 2021.
tag stockIJM -0.6%,
6:00 PM KLCI bounces back, Public Bank, Telekom advance

KUALA LUMPUR: Blue chips managed to recoup all of their previous day’s losses on Wednesday as investor sentiment was bolstered by strong key Asian markets, with Public Bank and Telekom Malaysia underpinning the FBM KLCI’s advance.
5:58 PM Maybank's web and app connection issue solved
tag stockMAYBANK +1.2%,
5:54 PM Sanusi denies claim Honda Accords bought for Kedah excos
5:25 PM Duration for ministries, departments and agencies to give feedback to PAC...
5:20 PM AGC to represent Tommy Thomas in committal proceeding filed by firefighter's...
5:10 PM Malaysia reassures on supply after Top Glove shuts factories

KUALA LUMPUR: Malaysia, the world's largest producer of rubber gloves, on Wednesday said it does not anticipate any disruption to supply after a top manufacturer shut some factories due to a coronavirus outbreak among its workers.
tag stockTOPGLOV -0.9%,
5:06 PM Hong Kong shares track global rally on improved economic outlook

BEIJING: Hong Kong shares end higher on Wednesday, tracking the rallies of stock markets worldwide as investors cheered an improved global economic outlook, but profit-taking in tech shares contained the gains.
5:00 PM Deloitte auditor succeeds in disqualifying law firm from representing MIA
4:58 PM Economy on recovery path as leading index rose 8.6% in Sept

KUALA LUMPUR: Malaysia's economy is expected to continue its recovery as seen in the Leading Index (LI), which increased by 8.6 per cent to 109.5 points in September 2020 compared with 100.8 points a year ago, said the Statistics Department.
4:44 PM Sime Property posts 3Q pre-tax profit of RM92.6m, excluding impairments

KUALA LUMPUR: Sime Darby Property Bhd posted profit before interest and tax (PBIT) of RM92.6mil in the third quarter ended Sept 30,2020 excluding impairments.
tag stockSIMEPROP -0.9%,
4:43 PM Malaysia's Leading Index up 8.6% in September — DOSM
4:43 PM Govt cash injection into Malaysia Airlines warrants strict monitoring of...
4:40 PM Sunway Malls bucks the trend with 200 shops opening despite pandemic

KUALA LUMPUR: Sunway Malls, which operates seven malls across Klang Valley, Penang and Johor, continues to see healthy demand for its retail space with the opening of 200 new shops across its malls despite the weak market condition arising from COVID-19 pandemic.
tag stockSUNREIT -0.7%,
4:39 PM No glove supply disruption despite factory closures, says MARGMA
4:34 PM Maybank's web and app experiencing connection issue

KUALA LUMPUR: Malayan Banking Bhd’s official website and mobile application, Maybank2u, are having connection issue on Wednesday afternoon.
tag stockMAYBANK +1.2%,
4:31 PM Maybank's web and app experiencing connection issue
4:28 PM Covid-19: Impose EMCO in Kulim to contain infection — MB
4:24 PM Monthly parking pass for EZ Smart Park app now available — DBKL
4:21 PM Higher loans for B40 students at IPTS diploma level, says Noraini
3:56 PM Sime Darby Property posts second straight quarterly loss, pays one sen dividend
tag stockSIMEPROP -0.9%,
3:49 PM UOA Development’s 3Q profit more than double at RM209m on property revaluation
tag stockUOADEV +0.6%,
3:09 PM Mah Sing Plastics inks RM12mil PV deal with Plus Solar

KUALA LUMPUR: Mah Sing Plastics Industries Sdn Bhd (MSPI) has awarded a RM12 million solar photovoltaic (PV) installation project to clean energy provider Plus Solar Systems Sdn Bhd (Plus Solar) to outfit MSPI’s smart factory in Klang, Selangor.
tag stockMAHSING -2.2%,
3:00 PM JASA rebranded as J-KOM with different roles, functions, says Saifuddin
2:50 PM TDM leaps into 3Q profit on higher plantation income
tag stockTDM +1.9%,
2:47 PM Japan shares end higher as Dow hits record high on Biden transition

TOKYO: Japan shares closed firmer rose on Wednesday, taking positive cues from Wall Street as Dow Jones benchmark scaled a record high overnight, with investor sentiment lifted by vaccine optimism and fading U.S. election uncertainty.
2:34 PM IATA calls for reopening of borders with testing, without quarantine
2:28 PM IGP hopes Parliament approves Budget 2021
2:27 PM UOA Development posts 3Q earnings increase on revaluation of corporate tower

KUALA LUMPUR: UOA Development Bhd recorded a net profit of RM208.93mil in the third quarter ended Sept 30, 2020, more than double RM101.91mil in the previous corresponding quarter on the back of a fair value adjustment of UOA Corporate Tower.
tag stockUOADEV +0.6%,
2:25 PM Islamic banking has great potential in social financial instruments — Mustapa
2:21 PM TM sees 26% increase in 3Q net profit as more Malaysians work from home
tag stockTM 0%,
2:21 PM BNM: Malaysia to issue its first sustainability bond for environmental, social...
2:17 PM Iconic’s 2Q net profit surges to RM3mil

KUALA LUMPUR: Iconic Worldwide Bhd’s net profit surged 416% to RM3.03mil in the second quarter ended Sept 30 against RM587,000 recorded in the preceding year corresponding period.
tag stockICONIC +1.8%,
2:16 PM Bank Islam targets to benefit 3,500 microentrepreneurs under BangKIT...
2:07 PM TDM posts net profit of RM21.75mil on improved sales

KUALA LUMPUR: TDM Bhd posted a net profit of RM21.75mil in the third quarter ended Sept 30, 2020 as compared to a net loss of RM41.4mil in the previous corresponding quarter on stronger contribution from its plantation division.
tag stockTDM +1.9%,
1:46 PM TM posts improved earnings in Q3

KUALA LUMPUR: Telekom Malaysia Bhd reported a quarter-on-quarter (q-o-q) improvement in group revenue and earnings due to improved contribution across its product lines and the success of its cost optimisation initiatives.
tag stockTM 0%,
1:39 PM Telekom Malaysia 3Q net profit up at RM329m from RM261m a year earlier
tag stockTM 0%,
1:34 PM Notion VTec posts turnaround in 4Q, upbeat on outlook

KUALA LUMPUR: Notion VTec Bhd staged a turnaround in the fourth quarter ended Sept 30 with net profit of RM6.74mil from a loss in the third quarter, boosted by its foray into the personal protective equipment (PPE) business.
tag stockNOTION -1.5%,
1:25 PM Maxim, Success Transformer, Cypark, Petra Energy, Public Packages
tag stockMAXIM 0%, SUCCESS +1.5%, CYPARK +1.6%, PENERGY +3.0%, PPHB -1.1%,
1:05 PM Budget 2021: RM400m injection to empower COSS, says Nanta
1:01 PM KLCI rises 0.98%, eyes 1,600-point threshold on global equity rally
12:57 PM Bank Muamalat employee at Menara Bumiputra tests positive for Covid-19
12:53 PM Bursa swings higher on vaccine news, crude oil prices

KUALA LUMPUR: The FBM KLCI swung higher in morning trade, retracing nearly all the losses from the previous session as the market tracked the Dow Jones' record close.
12:52 PM Top Glove down but selling eases after company says 3% of revenue to be...
tag stockTOPGLOV -0.9%,
12:47 PM US congratulates Malaysia for success in hosting APEC summit
12:43 PM Dewan Rakyat to sit until 3pm today
12:43 PM Bukit Gasing assemblyman subsidises Covid-19 testing for Selangor residents and...
12:42 PM Inflation falls for eighth month in October

KUALA LUMPUR: Malaysia’s inflation rate in October fell for the eighth month, down by 1.5% on-year due to lower fuel prices, according to the Statistics Department.
12:24 PM Malaysia’s October CPI down 1.5% year-on-year, deflation for ninth consecutive...
12:17 PM [第一天] 5分钟看懂AIRASIA(5099) 2020年 Q3季报 ~ 复苏的开始?还是回光返照准备迎接更惨淡的未来?
tag stockAIRASIA -1.4%,
12:17 PM [Alex Lu] KAREX: Time for a Party?
tag stockKAREX -1.7%,
12:16 PM Schedule for budget voting on track — source
11:55 AM MyEG's 9M results beat CGS-CIMB Research's forecast

KUALA LUMPUR: MY EG Services' results for the nine months ended Sept 30 beat CGS-CIMB Equities Research's expectation due to stronger 3Q20 earnings per share (EPS) delivery and made up 77% of its full-year forecast, albeit broadly in line with consensus.
tag stockMYEG +2.5%,
11:52 AM Positive long-term outlook for Leong Hup Industries, AmInvest Research says

KUALA LUMPUR: The long-term outlook for Leong Hup Industries (LHI) is positive due to the relatively stable demand of chicken, the group’s efforts in developing its downstream business and expansion of the feed mill and livestock businesses in multiple countries, analysts say.
tag stockLHI +0.7%,
11:46 AM Analysts slash AirAsia FY20 earnings forecast after brutal 3QFY20
tag stockAIRASIA -1.4%,
11:41 AM Ralco among top gainers on strong 3Q earnings
tag stockRALCO -1.8%,
11:00 AM Bursa's Energy index rises the most on Covid-19 vaccine-driven optimism
tag stockSAPNRG -4.2%, ARMADA +3.5%,
10:42 AM Water supply to 27 areas in Kuala Langat, Sepang restored in stages
10:35 AM Analysts upgrade Inari Amertron to 'buy' on strong earnings recovery
tag stockINARI +0.8%,
10:21 AM KLCI rises 0.53%, comes out of torpor with global equity rally
10:17 AM Quick take: D&O shares fall despite earnings beat

KUALA LUMPUR: Shares in D&O Green Technologies are trading almost 2% lower in early trade Wednesday despite reporting a better-than-expected set of third-quarter earnings.
tag stockD&O +7.2%,
10:04 AM Petronas co-owned Gladstone LNG to shut one of its production trains for...
9:42 AM Ringgit opens higher amid firmer oil price

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today amid the firmer crude oil prices and weaker performance of the greenback, dealers said.
9:40 AM Bursa stages rebound as Public Bank and HL Bank advance

KUALA LUMPUR: Bursa Malaysia staged a rebound in early Wednesday trade, tracking the overnight rally on Wall Street, with Public Bank and Hong Leong Bank underpinning the FBM KLCI’s gains.
9:24 AM Quick take: Omesti rises 3% on new contract

KUALA LUMPUR: Shares in Omesti Bhd rose over 3% in early trade after securing a network equipment maintenance contract from Federal Court.
tag stockOMESTI -1.0%,
9:18 AM Ringgit opens slightly higher against US dollar
9:12 AM KLCI comes out of torpor with global equity rally
9:02 AM Kenanga upgrades STMKB to 'outperform'

KUALA LUMPUR: Kenanga Research has upgraded Syarikat Takaful Malaysia Keluarga Bhd's outlook following an improved earnings result in 3QFY20 from the previous quarter.
tag stockTAKAFUL +2.1%,
9:00 AM Top Glove's share buyback tops RM1b as over RM12b market cap wiped off amid...
tag stockTOPGLOV -0.9%,
8:54 AM Trading ideas: Top Glove, AirAsia, Wah Seong, My EG, Inari

KUALA LUMPUR: Top Glove Corporation, AirAsia Group, Wah Seong, MY EG Services and Inari Amertron are among the stocks which could see trading interest on Wednesday after the barrage of corporate news, according to TA Securities Research.
tag stockTOPGLOV -0.9%, AIRASIA -1.4%, WASEONG +5.2%, MYEG +2.5%, INARI +0.8%,
8:43 AM Kenanga raises earnings outlook on Kelington

KUALA LUMPUR: Kenanga Research has raised its earnings forecast on Kelington Group Bhd following record-high quarterly earnings from the latter.
tag stockKGB +3.4%,
8:01 AM Rural infrastructure, online classes by public universities among issues in...
7:50 AM Asian insurers prefer fixed income and alternatives amid low interest rates
7:21 AM IFCA MSC showing signs of extending upward move, says RHB Retail Research
tag stockIFCAMSC -3.5%,
7:17 AM Carbon pricing rises as world’s weapon of choice in climate fight

LONDON: Can you put a price on pollution? Some of the world’s biggest economies are doing just that as they wrestle with how to make good on grand pledges to tame planet-warming emissions.
7:17 AM Yuan rebounds on Biden transition

SHANGHAI: The yuan rebounded against the dollar on Tuesday, after the Trump administration cleared the transition for US President-elect Joe Biden, with hopes of better relations between Beijing and Washington also underpinning a broad lift in sentiment.
7:17 AM Gold slips on hopes for vaccine, smooth White House transition

BENGALURU: Gold extended declines to a four-month trough on Tuesday as investors dived into riskier assets following drugmaker AstraZeneca’s boost to the coronavirus vaccine race and a US federal agency’s White House transition approval for Joe Biden.
7:17 AM South Africa’s refinery woes due to virus raise reliance on fuel imports

JOHANNESBURG: South Africa, which buys nearly a third of its fuel requirements from overseas, is undergoing a surge in imports with the refining industry walloped by the coronavirus and anticipated clean-fuel regulations.
7:17 AM The low-debt era for Eastern Europe may be ending on virus

RIGA: There’s a shift taking place in the low-debt economies that joined the European Union after the collapse of the Berlin Wall.
7:17 AM EU set to tap buoyant demand for social bonds

LONDON: The European Union (EU) is gearing up for its third sale of social bonds, capitalising on huge investor interest in securities designed to finance the bloc’s economic recovery.
7:17 AM JPMorgan Asset: 60/40 rethink needs alternative investments

MELBOURNE: Alternative investments such as hedge funds will become essential parts of post-pandemic portfolios due to low interest rates and fewer opportunities for diversification, according to JPMorgan Asset Management.
7:17 AM Mytheresa says it has filed for IPO

NEW YORK: The parent company of Mytheresa Group GmbH, the luxury online retailer specialising in women’s clothing, said it has filed confidentially for a United States initial public offering (IPO).
7:17 AM China NEV industry on fast track

CHONGQING: Huang Zhi, a new energy vehicle (NEV) owner in southwest China’s Chongqing Municipality, is fascinated by the enjoyable driving experience brought by his car.
7:17 AM Mining industry making headway on zero emissions

MELBOURNE: The mining industry is making progress on the introduction of a zero carbon truck fleet by 2040, bringing in new partners as it strives to drive down emissions, the head of the International Council on Mining & Metals (ICMM) said yesterday.
7:17 AM Palm oil industry adapts to new normal

KUALA LUMPUR: The palm oil industry seems to have quickly adapted to the new norm and new business model driven by the Covid-19 scenario after experiencing a slowdown in exports and prices in the first quarter of 2020 due to the pandemic.
7:17 AM MAS unveils world’s first grant for green loans

SINGAPORE: Companies of all sizes will get more support in securing green and sustainability-linked loans, with a new grant scheme launched by the Monetary Authority of Singapore (MAS) yesterday.
7:17 AM Jakarta holds virtual investment forum

JAKARTA: Indonesia is collaborating with the World Economic Forum (WEF) to host a virtual forum today that focuses on economic recovery in the country and the government’s efforts to curb the Covid-19 pandemic, while also promoting investment in key sectors like healthcare.
7:17 AM Japanese govt bond yields rise on vaccine

TOKYO: Japanese government bond (JGB) yields rose yesterday as hopes for an inexpensive coronavirus vaccine and expectations for more fiscal spending under a new US government reduced the appeal of holding debt.
7:17 AM York Capital to spin off Asia hedge fund firm

SINGAPORE: York Capital Management’s move to exit most of its hedge fund business will lead to the creation of a new Asia-based firm with US$2.7bil of assets, according to a letter to investors.
7:17 AM AliExpress eyes bigger market share in Poland

WARSAW: AliExpress, an online retail service based in China, aims to increase its market share in Poland over the coming years, the head for Central and Eastern Europe of the global e-commerce giant told local media.
7:17 AM Australia’s financial firms want to turn capital markets green

LONDON: Australia’s largest financial companies are targeting net-zero emissions over the next 30 years as the global shift to a low-carbon economy gathers pace.
7:17 AM Call for higher minimum retirement age

Malaysians faced with inadequate savings, longer life expectancy
7:17 AM The capital gains tax debate

Mixed response to goverment's potential option to up revenue
7:17 AM AirAsia revenue rises in Q3

PETALING JAYA: AirAsia Group Bhd has posted a revenue of RM443mil for its third quarter ended Sept 30, representing a 272% increase compared to the preceding quarter but a decline of 86% year-on-year (y-o-y).
tag stockAIRASIA -1.4%,
7:17 AM Is it time for countries to open their borders?

PETALING JAYA: It is important for some countries to open their borders to support trade and recovery, although the shape and nature of recovery among the individual Asean members remain uncertain and can vary by country, senior fellow at Yusof Ishak Institute (ISEAS) in Singapore Dr Jayant Menon told a webinar.
7:17 AM IJM unit wins RM315mil Penang construction job

KUALA LUMPUR: IJM Corp Bhd’s wholly-owned subsidiary IJM Construction Sdn Bhd has bagged a RM314.8mil contract from Laksana Positif Sdn Bhd for the construction of a 34-storey hotel and office tower at The Light City in Gelugor, Penang.
tag stockIJM -0.6%,
7:17 AM Glove stocks to add more weight

Supermax expected to replace KLCCP in stock index review
tag stockSUPERMX -0.8%, GENTING -1.9%, GENM -2.7%, KLCC -0.3%,
7:17 AM Malakoff aims to further grow RE venture

PETALING JAYA: Malakoff Corp Bhd registered a 46.2% decline in net profit to RM50.8mil in the third quarter ended Sept 30,2020, as compared to RM94.5mil in the corresponding quarter last year.
tag stockMALAKOF -0.6%,
7:17 AM BoJ’s local bank aid makes rates harder to cut, says ex-official

TOKYO: The Bank of Japan (BoJ) is now even more unlikely to lower its negative interest rate following a move to cushion its impact on regional banks, according to a former BoJ official.
7:17 AM Emirates remains optimistic about Malaysia ops

KUALA LUMPUR: Dubai-based Emirates Airline is optimistic about its business outlook in Malaysia and is eyeing for more growth opportunities, said country manager Mohammad Al Attar.
7:17 AM MyEG earnings at RM70.74mil

KUALA LUMPUR: MyEG Services Bhd posted a net profit of RM70.74mil on the back of a RM136.09mil revenue in the third quarter ended Sept 30,2020, which was an improvement from the second quarter, due to its concession-related services
tag stockMYEG +2.5%,
7:17 AM Lower profit for Hong Leong Industries

PETALING JAYA: Hong Leong Industries Bhd’s net profit for the first quarter ended Sept 30 declined 19.93% year-on-year (y-o-y) to RM50.72mil as its operations have yet to recover from the adverse impacts of Covid-19.
tag stockHLIND +2.8%,
7:17 AM Top Glove dips on factory shutdown

KUALA LUMPUR: Shares in Top Glove Corp Bhd finished the day at RM6.80 – its day’s low, after 28 of its factories in Kapar, Klang, are set to be shut down in stages following a surge in Covid-19 cases.
tag stockTOPGLOV -0.9%,
7:17 AM Land & General net profit up eight-fold

PETALING JAYA: Land & General Bhd posted an eight-fold increase in net profit to RM14.08mil for the second quarter ended Sept 30 on the back of higher contributions from its property, education and other divisions.
tag stockL&G 0%,
7:17 AM Insight - In 2020, extra reasons to be grateful for Thanksgiving dinner

AS Thanksgiving approaches with the pandemic still raging, we can be grateful that at least one of our basic support systems has operated better than expected: the food supply.
7:17 AM Insight - Making vaccines accessible

All should get enough doses quickly
7:09 AM Stock rally to build in Asia after U.S. records
7:07 AM Luxury fans in China chase neat shot of investment with vintage Moutai liquor

BEIJING/SHANGHAI: As luxury spending rebounds in China, consumers with money to burn have a new habit beyond fancy bags and watches: a taste for collector editions of fiery domestic liquor Moutai, not to drink but to hold onto as a rapidly appreciating investment.
7:01 AM Dell posts surprise revenue rise on booming demand for remote-work tools

NEW YORK: Dell Technologies Inc reported a surprise rise in third-quarter revenue on Tuesday, driven by buoyant demand for its desktops and notebooks from remote workers and learners during the COVID-19 pandemic.
7:00 AM Staying indoors, with lower 4G speed — A Covid-19 story
6:50 AM France's Macron eyes COVID-19 vaccination starting by year-end

PARIS: French President Emmanuel Macron said on Tuesday a vaccine to prevent COVID-19, the illness caused by the novel coronavirus, could start being administered as soon as the end of the year in France if approved by regulators.
6:41 AM US STOCKS-Dow scales 30,000 for first time on vaccine headway, Biden transition

NEW YORK: U.S. stocks rallied on Tuesday and the Dow breached the 30,000 level for the first time, as investors anticipated a 2021 economic recovery on coronavirus vaccine progress and the formal clearance for President-elect Joe Biden's transition to the White House.
6:36 AM Oil price closes at highest level since March

NEW YORK: Oil rose about 4% on Tuesday to touch highs not seen since March as a third promising coronavirus vaccine raised hope for fuel- demand recovery and U.S. President-elect Joe Biden began his transition to the White House.
6:09 AM U.S. and China physicists modify semiconductor to create superconductor
12:52 AM Water supply disruption in 27 areas in Kuala Langat, Sepang until Wednesday
12:50 AM 40 production companies get RM13.9 mil from FINAS
12:48 AM Two workshops demolished in anti-river pollution ops in Rawang
12:45 AM Covid-19: Jeffrey Kitingan given supervision, observation clearance
12:41 AM 《 分享钻石级建筑股  KERJAYA(7161)》
tag stockKERJAYA +5.3%,
12:39 AM SERBADK(5279)业绩继续成长 !
tag stockSERBADK -0.6%,
12:39 AM Terrorism: Malaysian among 16 foreigners repatriated from Singapore
12:34 AM Msia-Thai border shooting occurred after GOF personnel stumbled upon smugglers...
12:26 AM Shooting at Msia-Thai border: Three Thais arrested
12:20 AM Allocation to ensure conducive learning environment — Radzi Jidin
12:15 AM Felcra, Baladna to expand dairy business worth RM2 bil
12:12 AM New taxes will only be introduced when economy recovers — Tengku Zafrul
12:07 AM Grab drivers, delivery riders' complaints get Muhyiddin's attention
12:03 AM IJM unit clinches RM314.8 mil contract to build Penang hotel, office tower
tag stockIJM -0.6%,
12:00 AM Customer-centric supply chains crucial for a growth agenda