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Thu, 25 Jul 2024
8:29 PM Affin Bank inks MOU to bolster SME growth in Sarawak

Affin Bank Bhd has inked a Memorandum of Understanding (MOU) with three local industry players, namely Sarawak Digital Economy Corporation Bhd (SDEC), Dewan Usahawan Bumiputera Sarawak Kuching Branch and Chemsain Sustainability Sdn Bhd, to expand its footprint to boost small and medium enterprises (SMEs) in Sarawak. The collaboration with local industry players aims to foster digital transformation and sustainable growth in the region, said Affin Islamic Bank Bhd chief executive officer Datuk Syed Mashafuddin Syed Badarudin.
8:26 PM Capital A Aviation Group maintains 90% load factor, 15.6 mil passenger volume in 2Q

The AirAsia Aviation Group (AAG) maintained its quarterly load factor of 90% in the second quarter of 2024 (2Q 2024), which is two percentage points higher than last year. Capital A Bhd said AAG, which comprises AirAsia Malaysia, AirAsia Thailand, AirAsia Indonesia, and AirAsia Philippines has achieved a positive performance on the back of increased capacity.
8:18 PM Texchem returns to the black in 2Q after six quarters of losses

Texchem Resources Bhd (KL:TEXCHEM) — which has businesses ranging from engineering to restaurants — returned to the black after six consecutive quarters of losses, thanks to higher sales across all business divisions, except for its food division, which was dragged down by higher foreign exchange losses in its Myanmar operations.
8:15 PM Public Bank issues RM1.5 bil subordinated notes

Public Bank Bhd (PBB) (KL:PBBANK) on Thursday issued the second tranche of subordinated notes (sub-notes) amounting to RM1.5 billion under its RM20 billion note programme. In a bourse filing, the country's third-largest bank in terms of total assets said the sub-notes have a tenure of 10 years with a five-year non-callable period, and a coupon rate of 4% per annum.
8:10 PM SCIB secures RM162 mil contract for civil servant housing project in Perak

Sarawak Consolidated Industries Bhd (SCIB) — via its wholly-owned unit SCIB Properties Sdn Bhd — has secured a RM162 million contract for the development of a civil servant housing project (PPAM) in Mualim, Perak.
8:09 PM Revenge spending zapped by consumers tapped out on high prices

A global consumer backtrack from post-pandemic revenge spending is starting to hit companies’ top and bottom lines.
8:07 PM Coinbase unit fined by UK for taking on high-risk customers

A unit of Coinbase Global Inc was fined £3.5 million (US$4.5 million or RM20.9 million) by the UK for offering cryptoasset trading services to high-risk customers — in the first move of its kind from the regulator that’s grappling with money laundering controls in digital currencies.
8:05 PM Capital A's passenger volume rises 11% in 2Q

KUALA LUMPUR: Capital A said the number of passengers it carried in 2Q24 rose 11% year-on-year (y-o-y) to 15.6 million to surpass capacity growth of 7% as regional travel demand remained resilient.
8:05 PM Harley-Davidson's 2Q profit rises on steady demand for pricier bikes

Harley-Davidson reported a 23% rise in quarterly profit on Thursday, as demand held up for its pricier bikes during the summer riding season against the backdrop of higher interest rates and inflationary pressures.
8:04 PM 【南视界】加密币骗局越来越猖狂 该如何避开呢?
8:03 PM 菲律宾禁离岸博彩营运商 RGB国际称业务不受影响
8:00 PM Nasdaq profit beats estimates as fintech sales soar

Nasdaq beat estimates for second-quarter profit on Thursday, driven mainly by strong demand for its products that help traders navigate compliance requirements and safeguard against financial crimes.
7:58 PM Lower domestic sales bring Nestlé Malaysia’s 2Q net profit down 48% to RM93.6m

Nestlé (Malaysia) Bhd (KL:NESTLE) saw its net profit decline 48.27% to RM93.60 million in the second quarter ended June 30, 2024 (2QFY2024), down from RM180.92 million a year ago.
7:57 PM Govt committed to reducing national debt, fiscal deficit — Anwar

Prime Minister Datuk Seri Anwar Ibrahim has refuted claims that the monetary, fiscal and budget policies have not been successful in achieving the government’s promise of debt and fiscal deficit reduction.    He stressed that the government is committed to lowering the national debt, which is currently being done.
7:51 PM Malaysia set to gain over US$100 billion in trade boost from BRI

KUALA LUMPUR (July 25): Malaysia ranks among the top three trade partners in China's Belt and Road Initiative (BRI), with trade surpassing US$100 billion in the first half of this year. Chinese Embassy Minister Counsellor Lin Shiguang highlighted the strong partnership, noting the deep ...
7:49 PM 顶尖品牌也没护身符 奢侈品滑坡LV未能幸免
7:41 PM 马交所:吸引商企机构参与 首次本地碳信用拍卖完成
7:33 PM Renesas falls most in 15 years on sluggish industrial demand

Renesas Electronics Corp’s stock fell the most in more than 15 years, hit by a broader tech selloff and investor disappointment over the Japanese chipmaker’s profit miss. Renesas’ stock fell about 14% on Thursday. The company, which supplies Toyota Motor Corp and Honda Motor Co, reported underwhelming operating profit in its mainstay industrial segment, which includes factory, Internet-of-Things and infrastructure-related chips.
7:27 PM SCIB secures RM162mil contract for civil servant housing programme in Perak

KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) via its wholly-owned SCIB Properties Sdn Bhd has secured a RM162mil contract from Awana JV Suria Sdn Bhd for the development, infrastructure and main building works of the civil servant housing programme (PPAM) in Mualim, Perak.
7:22 PM 民众选择买“便宜的” 雀巢次季净利暴跌近五成

(吉隆坡25日讯)雀巢(NESTLE,4707,主板消费股)2024财政年次季(截至6月30日止)净利按年下滑48.27...
7:19 PM Ringgit strengthens further vs US$, touching 4.66

KUALA LUMPUR: The ringgit has continued to strengthen against the US dollar, boosted by buying interest amidst expectations of interest rate cuts by major economies.
7:17 PM IGB REIT declares 2.56 sen distribution as NPI rises 6.5% in 2Q

KUALA LUMPUR (July 25): IGB Real Estate Investment Trust’s (KL:IGBREIT) net property income (NPI) for the second quarter ended June 30, 2024 (2QFY2024) rose 6.5% to RM109.48 million from RM102.79 million a year ago, due to higher rental income.
7:17 PM Bursa Malaysia stages mild pullback, CI down 0.37%

KUALA LUMPUR: Bursa Malaysia’s key index staged a modest pullback to end lower today, sparked by the downbeat performance on Wall Street overnight which spilled over into regional markets.
7:13 PM JAKS Resources inks land lease MOU with TDM unit for LSS5 project

JAKS Resources Bhd (KL:JAKS) said it has signed a memorandum of understanding (MOU) with a subsidiary of TDM Bhd (KL:TDM) to collaborate on a land lease as part of its bid for the fifth Large Scale Solar (LSS5) programme.
7:10 PM Nestle Malaysia posts lower 1H sales on cautious consumer spending

KUALA LUMPUR: Nestle (Malaysia) Bhd experienced a correction in its sales in the first half of 2024 (1HFY24) as subdued consumer sentiment and cautious spending during the festive period took it lower from record-high sales achieved in the first half of 2023 (1HFY23).
7:00 PM Ensure factories, premises comply with environmental laws — Nik Nazmi

PUTRAJAYA (July 25): The industry has to play an important role in ensuring the operations of their respective factories or premises meet all requirements of environmental legislation, and will not cause environmental pollution.
6:57 PM 末季净赚1604万 KIP产托派息1.96仙
6:54 PM Mlabs Systems' rights issue undersubscribed by 0.37%

Mlabs Systems Bhd's (KL:MLAB) proposed rights issue with warrants to raise up to RM45.36 million was undersubscribed by 0.37%.
6:49 PM 汽车影音产品业务推动 必达美首季净赚488万
6:47 PM KIP REIT net property income surges 63% in 4QFY2024, declares 1.97 sen payout per unit

KIP Real Estate Investment Trust (KL:KIPREIT) said on Thursday its net property income surged 62.8% in the final quarter of 2024 earlier, thanks to strong gain of retail properties in the northern and central regions.
6:46 PM Toymaker Hasbro's turnaround efforts help quarterly sales, profit

Hasbro posted a smaller-than-expected drop in second-quarter sales on Thursday as steady digital gaming demand offset a slump in toy sales, while cost-control strategies helped the toymaker beat profit expectations.
6:44 PM 高科技处理兼顾环保 靓丽洁重塑洗涤业
6:43 PM Apple's China market share shrinks as Huawei surges, data shows

Apple's market share in China shrank by two percentage points in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to data from market research firm Canalys.
6:36 PM Hyundai Motor posts record 2Q profit on strong US sales, to boost hybrid lineups

Hyundai Motor reported record quarterly profit and revenue on Thursday on strong sales of high-margin cars and said it would expand hybrid lineups to brace for possible changes in US electric vehicle (EV) policies following the election. Its forecast-beating performance helped ease mounting investor concerns over slowing consumer demand for cars that have battered some of its rivals including Ford, Japan's Nissan Motor and Tesla in the April-June quarter.
6:34 PM Aneka Jaringan returns to the black in 3Q

KUALA LUMPUR: Aneka Jaringan Holdings Bhd returned to the black with a net profit of RM562,000 in the third quarter ended May 31, 2024, as compared to a net loss of RM3.71mil in the same quarter in 2023.
6:34 PM 美国再打喷嚏 马股4天两度上演“千股跌”

(吉隆坡25日讯)马股4天内二度遭遇“千股下跌”!周一(22日),美国总统拜登宣布放弃连任,引发全球金融市场震荡,马股有...
6:32 PM OpenAI震撼弹!面临资金断炊 今年恐亏232亿

(纽约25日讯)美国科技在这波AI浪潮带动下,今年以来狂飙猛涨、市值翻天,直到近日美国政坛局势震荡不断,加上本季财报周忧...
6:30 PM Higher R&D investment, forex losses drag on ViTrox's 2Q net profit

Automated test equipment manufacturer ViTrox Corp Bhd (KL:VITROX) saw its second-quarter net profit fall 25.4% year-on-year, dragged down by the group’s ongoing research and development (R&D) investment as well as unfavourable foreign exchange (forex) losses.
6:28 PM UOA REIT 2Q net rental income falls 22% on higher operating expenses; declares 2.9 sen distribution per unit

UOA REIT (KL:UOAREIT), a trust which mainly manages commercial properties, saw its net rental income fall 22.06% to RM16.48 million in its second quarter ended June 30, 2024 (2QFY2024), from RM21.15 million a year ago, dragged by higher property operating expenses.
6:21 PM 次季净赚8154万令吉 IGBREIT派息2.56仙
6:18 PM UK Crown Estate partners with Great British Energy to expand wind power

The Crown Estate of King Charles III will partner with a new state-backed company to accelerate the building of offshore wind farms considered vital for the UK’s energy and climate goals. The move announced on Thursday marks the first concrete step by the government to use Great British Energy in its quest for a zero-carbon electric grid by 2030.
6:17 PM IGB Commercial REIT's 2Q NPI up 11%, declares 0.97 sen DPU

IGB Commercial Real Estate Investment Trust's (KL:IGBCR) (IGB Commercial REIT) net property income (NPI) rose 10.8% to RM34.45 million in the second quarter ended June 30, 2024 (2QFY2024) from RM31.11 million a year earlier, on higher rental income in the current quarter.
6:17 PM UBS questioned by US senator over US$350m tax evasion case

(July 25): UBS Group AG was asked by a powerful US lawmaker about whether the bank it acquired, Credit Suisse Group AG, failed to report an American accused of evading taxes on US$350 million in income.
6:09 PM FBM KLCI down 0.37% to 1,615.18 on July 25, 2024

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.
6:09 PM 丢失一主要租户 UOA产托净利挫42%
6:09 PM Betamek registers higher net profit of RM4.88mil in 1Q

KUALA LUMPUR: Betamek Bhd is optimistic about its prospects for its current financial year, which it said is supported by a robust domestic economy and sustained demand in the automotive market.
6:06 PM 4大因素恐催生通胀猛兽 RON 95汽油涨价最令人担忧

(吉隆坡25日讯)统计局昨天(24日)公布,6月通胀率上升2%,与5月相同。虽然柴油涨价后未影响通胀率,但通胀升温的风险...
6:04 PM Alibaba backs US$2.8b firm in third major AI deal of 2024

Alibaba Group Holding Ltd has participated in new financing of five billion yuan (US$691 million or RM3.2 billion) for Chinese startup Baichuan, inking its third major AI deal this year as the e-commerce firm looks beyond its core business for growth.
6:02 PM 德建资源次季转盈97万
6:00 PM 【财经最热NOW】7月25日|美股“七巨头”齐齐插水 市值一夜蒸发3兆
5:55 PM 【行家论股】AME产托 新产业位置佳租金长
5:54 PM 【行家论股】英美烟草 核心业务市占收缩
5:54 PM 【行家论股】凯德大马信托 探索工业物流资产
5:50 PM Vodafone's growth slows as Germany goes into reverse

Vodafone reported a slowdown in top-line growth on Thursday, ending four quarters of accelerating improvement, after law changes related to selling TV services in Germany caused its largest market to go into reverse.
5:50 PM China to allocate US$41 bil in bonds for trade-ins to boost consumption

China will allocate 300 billion yuan (US$41.4 billion) in ultra-long treasury bonds to support a programme of equipment upgrades and consumer goods trade-ins, the government said on Thursday, in the latest step to spur an economic recovery. About half the planned bond funds will be used for supporting consumer goods trade-ins, according to a notice issued by the National Development and Reform Commission (NDRC), the state planner, and the finance ministry.
5:45 PM Insured losses from CrowdStrike outage could reach US$1.5b, CyberCube says

Global insured losses from last week's massive IT outage are likely to range from US$400 million to US$1.5 billion (RM1.86 billion to RM7 billion), cyber analytics firm CyberCube said on Thursday.
5:42 PM South Korea names female economist as aide to tackle world's lowest birthrate

South Korean President Yoon Suk Yeol named an economist as a new senior secretary to boost the country’s birthrate, which ranks as the lowest in the world and threatens long-term economic prospects. You Hye Mi, a professor at the College of Economics and Finance at Hanyang University, was named as the new senior secretary for low birthrate, the presidential office announced on Thursday.
5:42 PM China stocks slump on economic concerns, PBOC lending at lower rate

China stocks slumped on Thursday, tracking weakness in global markets, with investors worrying about the country's economic woes after the central bank conducted a lending operation at lower rates.
5:42 PM 全球“最失意富豪” LVMH掌门人身家缩水947亿

(巴黎25日讯)受到中国经济不景气、奢侈品需求持续恶化冲击,路易威登集团(LVMH)首席执行员阿尔诺(Bernard A...
5:33 PM 扎希:避免裁员 关闭合并乡区部23未获利子公司
5:32 PM 市场复苏不如预期 伟特机构净利跌25%
5:31 PM IGB REIT records net profit of RM81.55mil, distributable income of 2.56/unit

KUALA LUMPUR: IGB Real Estate Investment Trust (REIT) said it remains cautious over retail sales growth, which would affect the performance of its tenants at its shopping malls.
5:30 PM 上市24年走入历史!日本连锁超商巨头Lawson下市

(东京25日讯)日本连锁超商罗森(Lawson)周三(24日)从东京证券交易所下市,结束了24年上市公司的历史,主因是日...
5:28 PM UK mortgage rate surge pushed 320,000 into poverty, report shows

(July 25): Rising mortgage rates in Britain likely pushed around 320,000 people into poverty, almost 100,000 more than suggested by official statistics, a report showed on Thursday. While rates have fallen from peaks above 6% for a typical two-year mortgage this time last year, the...
5:25 PM Ford plummets as higher costs, EV unit take a toll on profit growth

Shares of Ford Motors sank over 12% in early premarket trading on Thursday after the automaker missed second-quarter profit estimates, as it struggles with quality-related costs and stiff competition in its EV business.
5:24 PM Singapore seen holding monetary policy, easing eyed in 2025

(July 25): Singapore’s central bank will likely maintain tight monetary policy settings, while signalling an extended pause to help blunt imported inflation, amid lingering risks from geopolitical shocks.
5:24 PM 调查涉嫌交易不当 澳纽银行交易员遭停职解雇
5:21 PM Japan's Nikkei tumbles most in three years on BOJ, AI concerns

Japan’s Nikkei 225 Stock Average entered a technical correction as an artificial intelligence (AI)-driven rally in technology shares went into reverse, and concerns grew that the Bank of Japan (BOJ) may be poised to hike interest rates.
5:21 PM Japan's Honda to close China plant, halt production at another factory

(July 25): Japan's Honda Motor will close a factory in China and halt vehicle production at another plant, the automaker said on Thursday, as it seeks to start producing more electric vehicles amid heavy competition from Chinese brands. Honda will close a plant operated throug...
5:20 PM 中国新药海外热销 全球市场快速增长
5:14 PM ViTrox posts net profit of RM28.1mil in 2Q

KUALA LUMPUR: ViTrox Bhd said it is confident in achieving steady growth and improvements in the semiconductor back-end sector.
5:14 PM UK's Thames Water's troubles mount as credit rating cut to junk

(July 25): Britain's largest water provider Thames Water suffered a major blow in its battle to avoid renationalisation on Wednesday as credit rating firm Moody's downgraded its corporate family rating (CFR) and its safest tranche of debt to junk. The heavily indebted utility is at...
5:09 PM 亚股一片红海 综指闭市收在1615.18点
5:02 PM Selangor plans to be the country's biggest investment contributor this year — Amirudin

Selangor remains focused on maintaining its performance as the country's largest investment contributor by state through the organisation of the Selangor International Business Summit (SIBC 2024), said Selangor Menteri Besar Datuk Seri Amirudin Shari.
4:59 PM South Korean GDP unexpectedly shrinks, boosting rate cut chances

South Korea's economy unexpectedly shrank in the second quarter, clocking the sharpest contraction since 2022 as slumping consumer spending undermined an export boom, reinforcing expectations that an interest rate cut could be imminent.
4:56 PM Malaysia’s Leading Index rises 3.8% in May 2024; economy remains resilient — DOSM

KUALA LUMPUR (July 25): Malaysia saw its leading index (LI) grow 3.8% year-on-year (y-o-y) to 114.2 points in May 2024 from 110.0 points in the same period last year, according to the Department of Statistics Malaysia (DOSM).
4:48 PM Bali planning US$20b railway project to ease road congestion

Bali plans to start building a US$20 billion (RM93.3 billion) railway network connecting the airport with tourist areas in a bid to reduce traffic congestion.
4:47 PM Nestle cuts sales growth outlook as consumers become increasingly cost-conscious

Nestle, the world's biggest packaged food company, lowered its sales outlook on Thursday, noting it had to slow its pace of price hikes earlier than it would have liked as consumers have become increasingly cost-conscious.
4:46 PM Australia accuses units of China's Cofco of wheat futures manipulation

Australia's corporate watchdog has accused two local subsidiaries of Chinese food giant Cofco Corp of manipulating the price of domestic wheat futures contracts.
4:43 PM Unilever delivers profit beat despite disappointing sales

Unilever beat first-half profit expectations on Thursday boosted by resilient pricing even as sales growth disappointed.
4:42 PM South Korea seeks to cut inheritance tax in first revision since 2000

South Korea on Thursday proposed tax cuts as part of its broader push to boost the domestic stock market and tackle a falling birth rate, which is the world's lowest.
4:41 PM French semiconductor firm Weeroc to start ops by 2025 with RM20 mil investment

French semiconductor manufacturer Weeroc plans to invest about RM20 million and start operations in early 2025 at the Puchong Financial Corporate Centre in Selangor. Weeroc has signed a letter of intent with the Selangor Information Technology & Digital Economy Corporation (Sidec) during the Selangor International Business Summit 2024 on Thursday.
4:40 PM Nissan profit wiped out by US discounts; shares hammered

Japan's Nissan Motor slashed its annual outlook on Thursday after deep discounting in the United States almost completely wiped out the automaker's first-quarter profit.
4:30 PM 房市“泰”惨了!Q2销售砍半触12年新低

(曼谷25日讯)泰国公寓协会(Thai Condominium Association)统计显示,今年第2季价格低于30...
4:23 PM SC adds 2 unauthorised entities, 4 potential clone entities to investor alert list

KUALA LUMPUR: The Securities Commission (SC) Malaysia has added and updated its Investor Alert List to include two unauthorised entities and individuals on social media platforms and four potential clone entities.
4:19 PM STMicro cuts forecast as slump in automotive chips persists

STMicroelectronics NV cut its annual revenue outlook for the second consecutive quarter after an inventory glut and lower sales to carmakers depressed demand. Sales this year will fall to US$13.2 billion (RM61.65 billion) to US$13.7 billion, the Franco-Italian semiconductor company said in a statement on Thursday.
4:17 PM AstraZeneca raises outlook on strong cancer drug sales

Anglo-Swedish drugmaker AstraZeneca on Thursday raised its sales and profit forecast for 2024 after beating analyst expectations for second-quarter revenue on strong demand for its cancer and rare disease medicines.
4:14 PM Pesona Metro plans to establish RM185m sukuk wakalah programme

Pesona Metro Holdings Bhd (KL:PESONA) has made a lodgement with the Securities Commission Malaysia (SC) for the establishment of a sukuk wakalah programme of up to RM185 million, based on the shariah principle of 'Wakalah Bi Al-Istithmar'.
4:11 PM 创3389就业机会 InvestKL上半年吸资33亿
4:11 PM 香港迎今年最大IPO 家电集团“美的”拟上市集资251亿

(香港25日讯)中国证监会昨日发布文告,美的集团获得H股上市备案通知书,公司拟发行不超过6亿5000万股境外上市普通股并...
4:04 PM 'Healthy choice' recognition soon for companies that cut products' sugar content — minister

The Ministry of Health (MOH) will grant 'healthy choice' recognition to companies that reduce the sugar content in their products, as part of the ministry's 'war on sugar' campaign.
3:54 PM 韩国拟议全面减税 以提振股市和经济
3:50 PM South Korea leads equities sell-off as tech rout worsens

BENGALURU/SINGAPORE (July 25): South Korean shares fell to their lowest in six weeks on Thursday, leading declines among broader equities in emerging Asia, after lacklustre earnings from US tech firms triggered a wide sell-off among regional peers.
3:41 PM 理建机构净利大涨30% 派息0.8仙
3:39 PM 上半年IPO狂潮吸资21.7亿 大马交易所傲视东盟

(吉隆坡25日讯)大马交易所(BURSA,1818,主板金融股)今年上半年迎来21家新上市公司,筹集了21亿7000万令...
3:22 PM 亚洲股市一片哀嚎! 日澳印跌落历史高位

(东京、墨尔本25日讯)亚洲股市周四大幅下跌,接棒隔夜华尔街的暴跌走势,美国重要科技公司财报疲软拖累全球科技股大跌。同时...
3:17 PM Tech slump knocks Asia shares, yen towers at 2-1/2-month peak

SYDNEY: Asian shares were hammered on Thursday as a slump in global tech stocks sent investors fleeing into less risky assets, including short-dated bonds, the yen and Swiss franc.
3:17 PM Asean Digital Economy Framework expected to conclude at Asean Summit 2025

KUALA LUMPUR: The forward-looking ASEAN Digital Economy Framework (DEFA), currently under negotiation, is likely to be completed during the ASEAN Summit next year, said Minister of Investment, Trade and Industry, Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
3:14 PM Malaysia's nominal GDP for 2023 amounts to RM1.8 trillion

KUALA LUMPUR: Malaysia’s 2023 nominal gross domestic product (GDP) amounted to RM1.8 trillion, said the Department of Statistics Malaysia (DOSM).
3:11 PM 孟加拉手机断网 亚通恐损3.7%盈利
3:00 PM The Edge Court Judgments Report

This monthly report is compiled and briefly summarised by a group of lawyers on a voluntary basis for the benefit of readers of The Edge.  Please consult your own lawyers if you need advice on the cases, issues and related matters highlighted here.    ...
2:58 PM Luxchem's 2Q net profit climbs 30%, declares 0.8 sen dividend

Plastic material and resin manufacturer Luxchem Corp Bhd's (KL:LUXCHEM) net profit for the second quarter ended June 30, 2024 (2QFY2024) jumped 30%, thanks to higher contributions from both trading and manufacturing activities.
2:55 PM 3.4 mil EPF members made RM8.9 bil flexible account withdrawals — Amir Hamzah

A total of 3.4 million of the 13.1 million Employees Provident Fund (EPF) members under the age of 55 have made withdrawals from the Flexible Account amounting to RM8.9 billion as of July 19, 2024. Finance Minister II Datuk Seri Amir Hamzah Azizan said that for the same period, a total of 3.8 million or 29.3% of EPF members chose to have the initial amount in the Flexible Account (Account 3) with a transfer of RM12.6 billion, while RM5.6 billion was transferred to the Retirement Account (Account 1).
2:52 PM 最高年薪129万 华为全球聘天才少年
2:51 PM SKBshut, CWG, Jaskita, MaSteel, Melewar

KUALA LUMPUR (July 25): theedgemalaysia.com highlighted five stocks with momentum at Bursa Malaysia’s noon market break on Thursday. One stock showed positive momentum, while the other four stocks showed negative momentum. The stock with positive momentum was: SKB Shutters Cor...
2:45 PM Prudential plc emerges as substantial shareholder in TT Vision

KUALA LUMPUR (July 25): Prudential plc has emerged as a substantial shareholder at Penang-based automated test equipment (ATE) maker TT Vision Holdings Bhd (KL:TTVHB), after acquiring 293,600 shares in the company.
2:45 PM Japan proposes record minimum pay hike as inflation remains

Japan’s Labour Ministry proposed a record increase in the minimum wage for the fourth consecutive year, in a bid to support low-income households amid rising prices. An advisory panel at the ministry called for raising the minimum hourly wage for the current fiscal year by ¥50, according to a government official on Thursday. The 5% increase exceeds the previous year’s ¥43, marking the highest jump since the government began setting a target for minimum wages in 1978. This will bring the nation’s average minimum pay to ¥1,054 (US$6.90 or RM32.24) per hour.
2:44 PM 柴油涨价未推高通胀 但撤RON95补贴才是大考
2:37 PM 一朝天堂一朝地狱!抄底美科技股“杠杆ETF”血流成河

(纽约25日讯)在最近由人工智能(AI)推动的科技股大幅上涨期间,逢低买入一直是一种制胜策略。现在,这种做法产生了适得其...
2:35 PM Ahmad Zaki gets RM152 mil contract to build Port Dickson specialist hospital

Ahmad Zaki Resources Bhd (KL:AZRB) said on Thursday it has secured a contract worth RM151.99 million to design and build the Port Dickson Specialist Hospital in Negeri Sembilan. The construction engineering company said in an exchange filing that its wholly-owned subsidiary, Ahmad Zaki Sdn Bhd (AZSB), received the letter of acceptance from the public works department for the proposed work. The contract will commence on August 6 and span over 156 weeks, AZRB noted.
2:25 PM Indonesia launches 'Golden Visa' to lure foreign investors, boost economy

Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo (Jokowi) said, with amounts of up to US$10 million (RM46.68 million) giving them a 10-year visa and access to Southeast Asia's largest economy.
2:11 PM Malaysia's nominal GDP for 2023 amounts to RM1.8 trillion

Malaysia’s 2023 nominal gross domestic product (GDP) amounted to RM1.8 trillion, said the Department of Statistics Malaysia (DOSM). Growth moderated to 1.6% from the double-digit 15.9% in 2022.
2:05 PM Cover Story: Kuantan Port to benefit from Malaysia-China bilateral ties

ALLIANCE Steel (M) Sdn Bhd — a joint venture between China’s Guangxi Beibu Gulf Port International Group and Guangxi Shenglong Metallurgical — is undertaking a US$1.8 billion (RM8.41 billion) expansion, increasing its steel production capacity to 10 million tonnes a year from the existing 3.5 mil...
2:05 PM Cover Story: IJM to grow, unlock value in toll road concessions

IJM Corp Bhd’s (KL:IJM) share price has gained close to 85% so far this year, hitting a multi-year high of RM3.47 in intraday trading most recently on July 3. The strong gain in IJM’s stock has fuelled talk that something is brewing at its highway concession operations, specifically who...
2:02 PM 连卖W Kuala Lumpur酒店等资产     陈志远胞弟陈志成有新布局?

(吉隆坡25日讯)随著丽阳机构(TROP,5401,主板产业股)创办人兼集团执行副主席丹斯里陈志成8个月内卖资产套现11...
2:00 PM Singapore's CapitaLand Integrated Commercial Trust facing pressure to cut office sale price, Bloomberg reports

Singapore’s CapitaLand Integrated Commercial Trust is facing calls from buyers to lower its asking price for a prime office tower, in a sign of mounting pressure for discounts on commercial assets in the city state.  The real estate investment trust (REIT), the largest by market value in the Asian financial hub, has put 21 Collyer Quay in the city centre up for sale, people familiar with the matter said.
2:00 PM Cover Story: Charting IJM Corp’s next growth phase

HAVING adopted an open layout, the refreshed interior of IJM Corp Bhd’s (KL:IJM) head office represents an openness to new ideas and a willingness to collaborate. However, the makeover of Wisma IJM in Petaling Jaya New Town is not the only thing that the construction giant’s group CEO and managin...
1:58 PM Asean Digital Economy Framework expected to conclude at Asean Summit 2025

The forward-looking Asean Digital Economy Framework (Defa), currently under negotiation, is likely to be completed during the Asean Summit next year, said Minister of Investment, Trade and Industry, Tengku Datuk Seri Zafrul Tengku Abdul Aziz. He said that intra-trade within Asean currently stands at 20%, and Defa is expected to boost intra-trade between member states, particularly for small and medium enterprises (SMEs).
1:55 PM Top startup trends to watch in 2H2024 — from chips to AI funds

KUALA LUMPUR (July 25): So far, 2024 has proceeded very much like 2023 in the startup world.
1:38 PM Nestle lowers full-year guidance on quicker-than-expected price fall

NESTLE reported half-year sales growth below analysts' forecasts on Thursday and lowered its full-year organic sales growth guidance to at least 3% from about 4% previously.
1:34 PM Luxchem records earnings jump to RM12.2mil in 2Q

KUALA LUMPUR: Luxchem Corp Bhd said it remains cognisant of several key challenges to its outlook but will continue to improve its productivity and efficiency to face these uncontrollable external factors.
tag stockLUXCHEM +2.6%,
1:32 PM 全球第4大车厂插旗大马逾一年 如何让更多国人愿驾欧洲车?

(吉隆坡25日讯)荷兰斯特兰蒂斯集团(Stellantis)计划将大马的业务扩展至东马沙巴和砂拉越,并准备在今年尾前将全...
1:22 PM InvestKL says RM3.3b investment secured, 3,389 high-value jobs created in 1H

Invest KL Corporation (InvestKL) secured RM3.3 billion in investments, and created 3,389 high-value regional jobs by establishing six global services hubs in the first half of 2024 (1H2024), despite current global challenges.
1:18 PM Oil falls on weak China demand concerns, Mideast ceasefire talks

OIL prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories.
1:06 PM Malaysia's LI rises 3.8% in May 2024, economy remains resilient - DoSM

KUALA LUMPUR: Malaysia saw its leading index (LI) grew 3.8 per cent year-on-year (y-o-y) to 114.2 points in May 2024 from 110.0 points in the same period last year, according to the Department of Statistics Malaysia (DoSM).
1:05 PM 2中国能源公司 有意投资砂拉越100亿
1:04 PM 一周内二度出手 中国央行再下调MLF利率

(北京25日讯)中国央行货币政策力度明显加大,一周内第二次出手,星期四下调中期借贷便利(MLF)利率,以及开展逆回购操作...
1:03 PM Ahmad Zaki Resources bags RM152mil contract for PD specialist hospital

KUALA LUMPUR: Ahamd Zaki Resources Bhd's (AZRB) wholly-owned subsidiary Ahmad Zaki Sdn Bhd has been awarded a contract from the Malaysian public works department for the design and construction of a specialist hospital in Port Dickson, Negeri Sembilan.
tag stockAZRB +6.5%,
1:03 PM 世界最富有1%人口 财富10年增195兆

(内罗毕25日讯)非政府组织乐施会(Oxfam)今天(25日)表示,世界最富有1%人口的财富,在过去10年增加42兆美元...
12:56 PM Bursa Malaysia, global markets in equities rout

KUALA LUMPUR: The FBM KLCI pared losses as it entered the lunch break after falling as much as 10.5 points in a heavy sell-off triggered by profit-taking in US Big Tech counters.
12:55 PM 数据中心利好向下蔓延 MN控股及KJTS受追捧
tag stockMNHLDG +1.0%, KJTS 0%,
12:50 PM US real estate market is broken for everyone except the ultra rich

One of the least affordable US housing markets in decades is freezing residential real estate sales and shutting out a generation of aspiring homeowners. But one group remains unfazed by the crisis — the wealthy.
12:44 PM 亚洲股市早盘全线惨跌 综指休市报1621.14点
12:43 PM 马币行情(25/07/2024)
12:42 PM 中国6大国有银行 调降存款利率

(上海25日讯)中国工商银行、中国农业银行、中国银行、中国建设银行、交通银行、中国邮政储蓄银行等6大国有银行今天宣布,下...
12:34 PM Crowded TSMC trade drives funds to cheaper AI bets in South Korea

Investors searching for ways to navigate the artificial intelligence (AI) story are turning their sights away from Taiwan and towards South Korea. Federated Hermes, M&G Investments and Invesco Asset Management are 'underweight' on Taiwanese stocks and 'overweight' on South Korean shares, saying positioning in the former has become crowded after a record-breaking rally. A push from Samsung Electronics Co and SK Hynix Inc into high-bandwidth memory (HBM), cheaper valuations and outsized gains from Taiwan Semiconductor Manufacturing Co (TSMC) are making South Korean shares a more appealing bet.
12:23 PM 美国敦促初创企业和风投 警惕敌对国家的投资
12:23 PM 经济晴雨表? 全球争抢“新石油”

(伦敦25 日讯)随著全球电动车、再生能源设施和人工智能(AI)等大量使用铜的新产业快速发展,铜的国际价持续创新高,不少...
12:19 PM Miti targets eightfold increase in green investments

The Ministry of International Trade and Industry (Miti) aims to attract green investments into Malaysia worth about eight times the current value, a move expected to drive socio-economic growth, according to Minister Tengku Datuk Seri Zafrul Abdul Aziz.
11:57 AM BAT’s valuations are undemanding, says CGS International

KUALA LUMPUR (July 25): CGS International has maintained its “add” rating on British American Tobacco Bhd (KL:BAT) at RM8.37, with an unchanged Gordon Growth Model (GGM)-based target price of RM9.77.
11:56 AM 韩国次季经济陷萎缩
11:53 AM Trump’s VP pick is a warning he won't make M&A great again

Former US president Donald Trump’s selection of JD Vance as his running mate may signal that a second term could be far less business friendly than corporate dealmakers had hoped.  The Ohio Senator — whom Trump chose as his vice presidential nominee last week — has opinions on antitrust regulation that run counter to the traditional light-touch Republican approach that is championed by groups including the US Chamber of Commerce.
11:48 AM 美股“黑色星期三”! 七巨头遭遇ChatGPT问世来最惨一天

(纽约25日讯)本周三,对于华尔街投资者而言,无疑是年内最为惊心动魄的一个交易日:过去两年高歌猛进的超级科技大盘股已正式...
11:41 AM China unexpectedly cuts one-year policy rate by most since 2020

The People’s Bank of China (PBOC) unexpectedly lowered the rate on its one-year policy loans by the most since April 2020, days after cutting a key short-term rate, in a sign of greater support for the slowing economy.
11:37 AM Porsche bids to restore output, tackle supply chain risks in second half

BERLIN (July 25): Porsche said on Wednesday it was fighting to restore production volumes and re-prioritise spending towards a more flexible product line-up after months of supply chain snags, slow EV demand and a sales slump in China. Analysts welcomed its half-year results as solid an...
11:36 AM 奢侈品卖不动 LV掌门人今年财富缩水900亿
11:26 AM Korean economy unexpectedly shrinks as consumer spending falls

SEOUL (July 25): South Korea's economy unexpectedly shrank in the second quarter, clocking the sharpest contraction since 2022 as slumping consumer spending undermined an export boom, reinforcing expectations that an interest rate cut could be imminent. Gross domestic product (GDP)...
11:20 AM 科技股惨遭血洗 美国7巨头一夜蒸发3.5兆
11:07 AM India likely to ease curbs on some Chinese investments, sources say

India is likely to ease restrictions on Chinese investment in non-sensitive sectors like solar panels and battery manufacturing where New Delhi lacks expertise and which hinders domestic manufacturing, two government sources said.
11:04 AM Tech slump knocks Asia shares, yen towers at 2-1/2-month peak

SYDNEY (July 25): Asian shares were hammered on Thursday as a slump in global tech stocks sent investors fleeing into less risky assets, including short-dated bonds, the yen and Swiss franc.
11:01 AM Ramssol's 2Q net profit doubles to RM4.35mil

KUALA LUMPUR: Ramssol Group Bhd posted a net profit of RM4.35mil in the second quarter ended June 30, 2024 (2QFY24), nearly double its bottomline from the same quarter in the previous year.
tag stockRAMSSOL -0.7%,
10:58 AM Federal auditors can now audit companies with govt guarantees

The National Audit Department (NAD) will now be able to audit the accounts of any companies that receive financial guarantees from the federation or a state. The Audit (Amendment) Bill 2024, which amends the Audit Act 1957 (Act 62), was approved by the Dewan Negara on Wednesday after being debated by 21 Senators. The bill had previously been passed by the Dewan Rakyat on July 3.
10:53 AM US goods trade deficit shrinks; new home sales extend decline

WASHINGTON (July 25): The U.S. trade deficit in goods narrowed in June for the first time this year amid a broad rebound in exports, but that probably was insufficient to prevent trade from remaining a drag on economic growth in the second quarter. The impact on gross domestic product f...
10:49 AM Your cup of coffee is already expensive. It’s about to get even worse

Global coffee drinkers who’d hoped the price of their daily fix would soon stop rising are due for a bitter wake-up call — it’s about to get even worse. Both the high-end arabica beans favoured by coffee chains like Starbucks Corp and the more budget-friendly robusta variety have spiked in price, thanks to major supply disruptions from Vietnam to Brazil. Up and down the supply chain, sellers have been raising prices and scrapping discounts to protect their margins, and many warn of more increases ahead.
10:44 AM India to move away from fiscal deficit targeting after 2025-26, government official says

NEW DELHI (July 25): India plans to move away from targeting a particular level of fiscal deficit after 2025-26, a senior finance ministry official said on Wednesday. Instead, the government will use the ratio of government debt-to-GDP as the anchor for fiscal policy, T.V. Somanathan, f...
10:41 AM Boeing finalises 737 MAX guilty plea deal, US outlines reasons

(July 24): Boeing finalised a guilty plea to a criminal fraud conspiracy charge and agreed to pay at least US$243.6 million after breaching a 2021 agreement with the US Department of Justice (DOJ), or Justice Department, according to a court filing on Wednesday.
10:35 AM SK Hynix tumbles by most in 20 months after AI sell-off

Shares in SK Hynix Inc slid by the most in 20 months after a rout in tech stocks, overshadowing strong financial results for the supplier to Nvidia Corp in the June quarter. The company, which produces chips that help train artificial intelligence (AI) models, reported sales that more than doubled to 16.4 trillion won (US$11.9 billion or RM55.27 billion), ahead of analyst estimates. Operating profit in the three months to June also beat expectations, coming to 5.47 trillion won with an operating margin of 33%.
10:35 AM The Trump trade misses $153 billion of munis pricing in tax risk

(July 25): A $153 billion pocket of the municipal-bond market that finances airports, housing agencies and nonprofits is trading like a tax on all but the wealthiest Americans will return to bite the middle class. Barclays Plc municipal strategists led by Mikhail Foux say that’s unlikel...
10:27 AM US yield curve steepens as bond traders see Fed cuts looming

(July 25): The US yield curve steepened sharply amid growing calls for the Federal Reserve to start cutting interest rates as soon as next week. Yields on policy-sensitive two-year Treasuries slid three basis points on Wednesday, while those on 10-year bonds were up by about the same am...
10:27 AM Cyan Renewables to buy Australian vessel operator MMA Offshore for A$1.1b

SINGAPORE/BENGALURU (July 25): Singapore's Cyan Renewables, which operates vessels for offshore wind farms, said on Thursday that it will buy its Australian peer MMA Offshore for A$1.1 billion (US$725.67 million), marking the largest take-private deal in this space in the Asia Pacific region.
10:23 AM Japanese officials quiet on forex as yen sharply rebounds

RIO DE JANEIRO: Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda both refrained from commenting on foreign exchange on Wednesday, as the yen surged to its highest level against the dollar in more than two months.
10:18 AM Apex Securities lowers TP for Axiata to RM2.55, sees mixed impact from unrest in Bangladesh

Apex Securities has maintained its 'hold' call on Axiata Group Bhd (KL:AXIATA), with a lower target price of RM2.55 (from RM2.94), based on discounted cash flow valuation (weighted average cost of capital of 7% and a long-term growth rate of 0.5%), after accounting for rising macroeconomic risk from the frontier market as well as weaker investor sentiment.
tag stockAXIATA -2.4%,
10:17 AM Fragmented vape market a challenge to BAT's outlook

KUALA LUMPUR: The vape market continues to chip away at the earnings of British American Tobacco (M) Bhd, which yesterday posted a 23% second-quarter decline in its bottomline from the previous year.
tag stockBAT -0.4%,
10:05 AM Zafrul: Foreign buying of M'sian stocks driven by economic reforms, positive growth indicators

The government's dedication to economic reforms and ongoing positive growth indicators continue to drive foreign buying in Malaysia’s stock market.  Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said this reflects investors' medium- and long-term confidence in the country.
9:57 AM Gobind: Govt ready to work with industry players to strengthen digital industry

The unity government through the Ministry of Digital is committed and ready to work with digital industry players in efforts to strengthen the sector in Malaysia.
9:42 AM 三星HBM3获英伟达认证 将用于特供中国市场H20芯片
9:32 AM 抛售潮又来袭 马股开盘10分钟激烈震荡

(吉隆坡25日讯)受到大型科技公司财报表现不达预期的影响,隔夜美股3大指数大幅收跌。马股亦受波及,截至上午9时10分,综...
9:21 AM 城市建设运营综合服务商 上海隧道扎根大马
9:21 AM 中小企贷款融资咨询公司 专业团队拟最佳方案
9:21 AM 全球可持续发展之旅 味之素造福人类与社会
9:19 AM Ringgit opens higher as advanced countries begin rate cuts

KUALA LUMPUR: The ringgit was traded higher against the US dollar in the morning and was mixed against a basket of major currencies. 
9:18 AM Malaysia facilitating Iranian oil exports — report

Malaysia has been exporting substantially more crude oil to China than it produces, implying that the vast majority of the oil that China imports from Malaysia was not produced in the country.
9:17 AM Local stocks pummeled after US tech rout

KUALA LUMPUR: The overnight plunge in US equities spilled over to Bursa Malaysia, which had already been shaky in recent days due to heightened investor caution.
8:32 AM Murdoch engaged in legal battle with children over succession, NYT reports

Media mogul Rupert Murdoch is engaged in a legal battle against three of his children to ensure that his eldest son and chosen successor, Lachlan Murdoch, will remain in charge of his media empire, the New York Times reported on Wednesday.
8:21 AM 百企名传 新书耀世 第三册颁书盛世典礼 再续商业传奇
8:04 AM TA Securities downgrades Gadang, cuts target price to 37 sen

KUALA LUMPUR (July 25):  TA Securities has downgraded Gadang Holdings Bhd (KL: GADANG) to “sell” at 47 sen with a lower target price of 37 sen (from 55 sen) and said that excluding extraordinary gains totalling RM3.2 million, Gadang’s FY24 core net profit of RM1.5 million (+165.6% y-o-y) fel...
tag stockGADANG -8.5%,
7:58 AM Oil prices end higher as US crude, fuel stocks ease

Oil prices settled higher on Wednesday, supported by large declines in US crude and fuel stocks, but hovered close to their lowest level in six weeks due to concerns over weak global demand.
7:56 AM Trading ideas: AME Elite, AirAsia X, Nationgate, MN Holdings, SE Estate Buildr, UEM Sunrise, Axteria, CLMT, BAT, United Plantations, Gadang

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
tag stockAME +0.6%, AAX +2.1%, NATGATE -8.4%, MNHLDG +1.0%, SCBUILD -25.0%, UEMS -2.5%, AXTERIA -6.1%, CLMT +3.1%, BAT -0.4%, UTDPLT +1.3%, GADANG -8.5%,
7:55 AM Phillip Capital expects TT Vision to report higher sequential earnings in 2Q2024

KUALA LUMPUR (July 25): Phillip Capital has maintained its “buy” rating on TT Vision Holdings Bhd (KL: TTVHB) at RM1.06 with an unchanged target price of RM1.50 and said it expect TTV to report higher sequential earnings in the upcoming 2Q2024 results, driven by increased order deliveries and a r...
tag stockTTVHB +4.7%,
7:52 AM S&P and Nasdaq settle lower as Tesla, Alphabet weigh

The S&P 500 and Nasdaq ended at multi-week lows on Wednesday, with the S&P snapping one of its longest streaks without a daily decline of more than 2%, as lacklustre Alphabet and Tesla earnings undermined investor confidence in megacap names.
7:17 AM Carmakers revise targets as 1H sales disappoint

Indonesian carmakers saw sales plummet in the first half of the year, as households tightened their belts amid higher interest rates and weakening purchasing power, prompting producers to revise their targets.
7:17 AM GIC annualised return over 20 years at 3.9%

Sovereign wealth fund GIC posted its weakest 20-year rolling returns in four years, on the back of lower returns in recent years and stubborn inflation.
7:17 AM Tesla profit falls for fourth straight quarter

Tesla Inc reported its fourth straight quarter of disappointing profits on Tuesday, and chief executive officer (CEO) Elon Musk made it clear that better days are still a ways off.
7:17 AM Vietnam ports gain from congestion in trade routes

Seaport congestion in Singapore is affecting the global supply chain, forcing many shipping lines to open new routes to other ports in the region.
7:17 AM ANZ trading probe may run into next year

Australia’s markets regulator says its investigation into irregularities in ANZ Group Holdings Ltd’s markets unit won’t conclude until the end of this year or early 2025.
7:17 AM Pepper finds its way back into the group of billion-dollar export items

The positive export turnover in the first half of this year has created momentum for Vietnamese pepper to return to the group of billion-dollar export items by year-end.
7:17 AM Qilu Bank steps up to aid green projects in China

China intends to focus on the five major areas of financial technology, green finance, inclusive finance, pension finance and digital finance.
7:17 AM Trial of B40 biodiesel to power trains begins

The Energy and Mineral Resources Ministry, in cooperation with state-owned railway operator PT Kereta Api Indonesia (KAI), has kicked off a trial of 40% palm oil biodiesel (B40) to power the Bogowonto train connecting Pasar Senen Station in Central Jakarta and Lempuyangan Station in Yogyakarta.
7:17 AM Widodo seeks use of coconuts in aviation biofuel

President Joko “Jokowi” Widodo wants to turn the country’s coconuts into an alternate source of bioaviation fuel in a move to step up the downstreaming of the agriculture sector.
7:17 AM Impact of diesel subsidy removal manageable

Malaysia experienced a 2% inflation rate in June, consistent with May’s rate, bringing the average inflation rate for the first half of 2024 (1H24) to 1.82%.
7:03 AM America Inc’s profits hit by effects of strong US dollar

A strong US dollar has dragged on corporate bottom lines for North American firms in the first quarter of this year, hitting earnings three times harder than the prior period.
7:03 AM Higher 2Q earnings expected for Genting Malaysia

Genting Malaysia Bhd’s (GenM) US operations are expected to deliver stronger earnings in the second quarter of 2024 (2Q24), supporting the resilience of the leisure and gaming conglomerate.
tag stockGENM -0.4%,
7:03 AM German gas grid operators request for hydrogen permit

Germany’s gas grid operators have requested approval to build a 10,000-km hydrogen network, with first pipes set to be operational next year.
7:03 AM Enphase sales rise on stabilising solar segment

Solar equipment maker Enphase Energy Inc saw demand in California climb in the second quarter as the nation’s biggest market showed signs of stabilising after state regulators slashed incentives for rooftop panels last year.
7:03 AM Alphabet second-quarter revenue beats estimates

Google parent Alphabet Inc has reported second-quarter revenue that exceeded analysts’ expectations, boosted by demand for cloud-computing services and advertising on its search engine.Sales, excluding partner payouts, were US$71.36bil in the second quarter, the company said in a statement.
7:03 AM Demand from E&E sector to benefit HPP

HPP Holdings Bhd can expect some recovery in demand from the consumer electrical and electronics (E&E) and contraceptive industries and margin expansion with economies of scale in financial year 2025 (FY25) and FY26.
tag stockHPPHB -1.3%,
7:03 AM RCEP fostering development in S-E Asia

Asean stands at the centre of a dynamic economic tapestry in Asia and Oceania.
7:03 AM Cameroon joins Africa bond sale spree with US$550mil issuance

Cameroon sold US$550mil of bonds, the latest in a wave of African countries taking advantage of benign market conditions to raise fresh financing.
7:03 AM Robert Bosch to buy Johnson Controls assets in US$8bil deal

Robert Bosch has agreed to acquire Johnson Controls’ and Hitachi’s residential ventilation businesses for US$8bil, it says in what will be the German engineering group’s largest takeover to date.
7:03 AM Top Glove to benefit from potential demand recovery

Top Glove Corp Bhd is poised to benefit from the potential demand recovery from distributors’ accelerating restocking cycle, regional producers’ average selling price (ASP) upcycle and the potential deterioration of the US-China trade tensions, says UOB Kay Hian (UOBKH) Research.
tag stockTOPGLOV -1.7%,
7:03 AM Policy thrust set to safeguard commerce

China’s resolve to intensify its efforts to harmonise foreign trade policies with fiscal, tax, financial and industrial policies will foster a robust institutional framework to cement the country’s position as a trading powerhouse and better underpin economic growth, experts say after reviewing the highlights of a recent tone-setting meeting.
7:03 AM SupportLine

Hup Seng Industries Bhd rebounded for a third successive day yesterday, crossing the key short-term simple moving averages (SMA) to indicate rising sentiment.
tag stockHUPSENG -0.8%, YBS -2.6%, KJTS 0%,
7:03 AM Texas Instruments outlook eases fears

Texas Instruments Inc has provided a sales outlook that signals an inventory glut is coming to an end, reassuring investors that a revival is underway in key markets for the company’s chips.
7:03 AM Australia regulator steps up private markets focus

Australia’s corporate regulator has set up a specialised unit to engage with private markets over the next 12 months, amid persistent concerns about valuations in the sector.
7:03 AM New Chinese-made drugs big hit overseas

With more Chinese-developed innovative drugs entering both US and European markets, China’s pharmaceutical sector is showing escalating prowess in innovation and global market penetration, say industry experts.
7:03 AM California’s billionaire-backed new city plans suffer major setback

A group of Silicon Valley billionaires is pushing the pause button on their ambitious and controversial plans to build a new city northeast of San Francisco.
7:03 AM Minister pushes for Singapore-like arbitration rules

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has proposed creating a legal framework that includes arbitration rules like those enforced in Singapore to help attract more investment, including family offices, to Indonesia.
7:03 AM S. Korea’s OCI considers listing Malaysian unit

OCI Holdings Co is considering listing its Malaysian polysilicon unit on Bursa Malaysia to raise as much as RM1.5bil or about US$320mil, according to people familiar with the matter.
7:03 AM Michelin Guide expands in China to cover provinces

The Michelin Guide, a global provider of restaurant and hotel information and ratings, will expand its culinary footprint in China by introducing two new provincial guides, driven by optimism about sustained growth in China’s retail market, an executive says.
7:03 AM Starmer’s govt asked to lead on climate tech

Among the many pressing problems the United Kingdom’s new government needs to address is how to increase financing to companies developing the critical technologies needed for the low-carbon transition.
7:01 AM Malaysia investment gateway to Asean

Malaysia is increasingly seen as the epicentre and gateway to the broader Asean region by investors, underpinned by its relatively advanced infrastructure and stable business environment.
7:01 AM Bursa ends weaker in sync with regional peers

Bursa Malaysia closed on a weaker note yesterday in tandem with the downbeat regional market performance as investors took profits amid the global sell-off, according to Rakuten Trade Sdn Bhd.
7:01 AM CLMT 2Q net profit up to RM33mil

CapitaLand Malaysia Trust (CLMT) is cautiously optimistic about its performance in 2024 and will expand its industrial and logistics portfolio as well as diversify income streams.
tag stockCLMT +3.1%,
7:01 AM AME-REIT eyes Iskandar M’sia properties

AME Real Estate Investment Trust’s (AME-REIT) manager I REIT Managers Sdn Bhd has proposed to acquire four industrial properties in Iskandar Malaysia, Johor, from the subsidiaries of AME Elite for a total cash consideration of RM119.5mil.
tag stockAMEREIT +4.4%,
7:01 AM PKNS aims to be more commercially driven, grow revenue by 2030

Perbadanan Kemajuan Negeri Selangor (PKNS) or the Selangor State Development Corp, plans to develop property projects with a gross development value (GDV) of RM800mil to RM1bil in 2024.
7:01 AM BAT Malaysia 2Q net profit at RM36mil

British American Tobacco (M) Bhd is calling for measures to address the high incidence of the tobacco black market in Malaysia, which accounts for 54.8% of the total industry.
tag stockBAT -0.4%,
7:01 AM AAX carries 880,265 passengers in 2Q24

AirAsia X Bhd (AAX) carried 880,265 passengers in the second quarter of 2024 (2Q24), surging 42% year-on-year (y-o-y) while surpassing the 25% y-o-y growth in its available seat per kilometre (ASK) capacity.
tag stockAAX +2.1%,
7:01 AM MN Holdings bags RM136mil substation job

MN Holdings Bhd has secured a substation engineering contract worth RM136.2mil in Johor.
tag stockMNHLDG +1.0%,
7:01 AM Atos CEO departs, deal with creditors moves ahead

Atos SE chief executive officer (CEO) Paul Saleh has decided to leave the embattled French information technology (IT) company as the group moves ahead with its creditors’ restructuring plan.
7:01 AM UP focuses on improving productivity

United Plantations Bhd (UP) remains focused on its operations and is taking various means to improve on its yields, costs and productivity amid the global uncertainties and challenges.
7:01 AM Nigerian central bank maintains hawkish bias

The Central Bank of Nigeria has lifted its key interest rate for a 12th straight time and says it remains committed to reining in inflation.
7:01 AM Axis-REIT to sustain earnings

Axis Real Estate Investment Trust (Axis-REIT) is expected to sustain its earnings in subsequent quarters, driven by the demand for industrial assets in Malaysia.
tag stockAXREIT -1.6%,
7:01 AM Healthy order book to bolster Ancom Nylex showing

Ancom Nylex Bhd is expected to fare better in the financial year ending May 31, 2025 (FY25) and FY26, driven by stronger agri-chemicals contributions on robust timber preservative orders, as well as better sales of monosodium methanearsonate (MSMA) herbicide, along with newer active ingredients (AIs).
tag stockANCOMNY 0%,
7:01 AM Tesla set to lose electric vehicle sales crown to BYD

BYD Co may eclipse Tesla Inc in annual electric vehicle (EV) sales this year as demand surges in China but stalls in the United States and Europe, according to Bloomberg Intelligence (BI).
7:01 AM IOIProp may list its properties under REIT

IOI Properties Group Bhd (IOIProp) is showing no sign of slowing down from its property acquisition activities, with its latest buy – the Tropicana Gardens Mall (TGM) here – garnering mostly positive views from analysts.
tag stockIOIPG -4.8%,
7:01 AM Crucial role of fibre optics in 5G deployment

Fixed-line telecommunication companies (telcos) are the main beneficiaries in broadband/5G infrastructure and data centre deployments as fibre’s role, as a backhaul to transfer data at the speed of light, is critical in broadband/5G builds.
tag stockTM -0.6%, MAXIS -0.6%, CDB +0.3%, YTL 0%,
7:01 AM Solarvest’s projects in Vietnam likely to face downside risks

Although Solarvest Holdings Bhd’s partnership with Tralytex to develop solar projects in Vietnam is a positive, there are downside risks that may impact its earnings going forward, according to Apex Securities Bhd.
tag stockSLVEST -3.9%,
7:01 AM Synergistic benefits for YTL from NSL stake buy

YTL Corp Bhd’s acquisition of a majority stake in a Singapore-listed building materials company is expected to result in a marginal increase in the net gearing of the Malaysian engineering and construction conglomerate.
tag stockYTL 0%,
7:01 AM Singapore’s homegrown farming dream is beginning to fade

By most measures, Karthik Rajan’s farm in Singapore is a success story. Run from a two-hectare plot of land in the island’s north, LivFresh has been supplying major supermarkets with spinach, lettuce and other Asian green vegetables since 2022.
6:03 AM Delta expected to take US$500 million hit as disruptions start to ease

(July 25): Delta Air Lines Inc. is expected to take a sizable financial hit this quarter from the system breakdown that led to thousands of canceled flights and prompted a federal investigation of the carrier’s response. Citigroup cut estimates for Delta’s third-quarter adjusted earning...
5:58 AM CrowdStrike sends US$10 gift cards to IT workers as mea culpa

(July 25): IT workers who have been working long hours to restore computer service from a global outage last week got a US$10 gift card from CrowdStrike Holdings Inc., the cybersecurity company whose flawed update triggered the chaos. In a Tuesday email, Chief Business Officer Daniel Be...
5:52 AM Stocks dragged down by megacap tech, oil edges higher

LONDON/NEW YORK (July 25): Stocks sagged worldwide on Wednesday as earnings from Tesla and European luxury brands disappointed, while oil prices edged higher after trading near-six week lows due to concerns over weak global demand. The U.S. dollar edged lower, with traders watching out ...
5:46 AM S&P and Nasdaq close at multi-week lows as Tesla, Alphabet weigh heavily

(July 25): The S&P 500 and Nasdaq ended at multi-week lows on Wednesday, with the S&P snapping one of its longest streaks without a daily decline of more than 2%, as lackluster Alphabet and Tesla earnings undermined investor confidence in megacap names. As the first of the Magni...
5:39 AM Tesla's bleak margins sink shares as Musk hypes everything but cars

(July 25): Tesla shares tumbled 12% on Wednesday, evaporating almost $100 billion in stock market value after CEO Elon Musk's talk of humanoid robots and driverless taxis failed to comfort investors worried about the electric car maker's shrinking profit margins. Tesla posted its lowest...
12:20 AM 获永续棕油认证不如人意 私人小园主仅占74%
12:20 AM 分析员:大马经济增长强劲 削减RON95补贴或推迟
12:20 AM 哥宾星:影响5机构9私企 微软大当机·政府没泄密
12:20 AM 旅游局携手航空公司 推动婆罗洲跨境游
12:20 AM 上升股:YBS国际 上探RM1.03
tag stockYBS -2.6%,
12:20 AM 北马经济走廊31企业 料获500万潜在销售额
12:20 AM 热门股:JCY国际 阻力81.5仙
tag stockJCY -3.4%,
12:20 AM 5年料翻倍增长 金融科技市值将达4672亿
12:20 AM 海事通用试叩40仙/刘礼誉
tag stockM&G 0%,
12:20 AM 雪州投资机构与企业签备忘录 推动生物科技业
12:20 AM 【股势先机】4招教你何时该卖股/傅宣
12:20 AM 厂联吁政府增基金及奖掖 助制造业转型智能工厂
12:20 AM 环境部长:支持气候融资 企业应参与碳信用拍卖
12:20 AM ICE Holidays包机营运 吉隆坡-丽江直航9月起飞
12:02 AM 血洗科技股! 道指纳指早盘跌逾400点
Wed, 24 Jul 2024
11:51 PM Bumi Armada JV inks MOU to explore carbon storage provision in the UK

Bumi Armada Bhd's (KL:ARMADA) joint venture (JV) Bluestreak CO2 Ltd has partnered with Düsseldorf-based Uniper (UK) Ltd to explore the implementation of jetty-moored floating liquid carbon dioxide (CO2) storage facility and liquid CO2 carrier solution.
tag stockARMADA -0.9%,
11:34 PM FAA, union agree on new rest rules for air-traffic controllers

The US Federal Aviation Administration (FAA) said on Wednesday it had struck a deal with an employee union to ensure that air-traffic controllers receive additional rest as the agency deals with a staffing shortage. Under current rules, controllers handling active airplanes must get an eight- or nine-hour break between shifts in most instances.
11:14 PM Puspakom明起实施税务识别码
11:12 PM Bunge’s US$8.2 bil buyout of Viterra set to get nod from EU

Bunge Global SA’s planned US$8.2 billion (RM38.3 billion) buyout of Viterra Inc is set to be approved by the European Union (EU) after concessions offered by the firms look to have appeased regulator concerns.
11:11 PM AME Elite, AME REIT, Nationgate, MN Holdings, SC Estate Builder, UEM Sunrise, Axteria, CapitaLand, BAT, United Plantation, Gadang, AirAsia X

Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.
tag stockAME +0.6%, AMEREIT +4.4%, NATGATE -8.4%, MNHLDG +1.0%, SCBUILD -25.0%, UEMS -2.5%, AXTERIA -6.1%, CLMT +3.1%, BAT -0.4%, UTDPLT +1.3%, GADANG -8.5%, AAX +2.1%,
10:57 PM US new home sales unexpectedly decline to seven-month low

Sales of new US homes unexpectedly declined for a second month in June as the mix of stubbornly high mortgage rates and prices deterred prospective buyers.
10:44 PM Thames Water scrambles to avoid fines as its debt is cut to junk by Moody's

Thames Water asked regulators to help it avoid massive fines after its most senior debt was downgraded to junk by Moody’s Ratings, adding to the financial pressure on Britain’s biggest water supplier.
10:36 PM Wall Street slides as Tesla, Alphabet earnings drag on megacaps

Wall Street fell on Wednesday, with the tech-heavy Nasdaq leading declines after lackluster quarterly results from Tesla and Alphabet raised questions about the sustainability of the Big Tech and AI-led 2024 equity rally.
10:32 PM Zafrul: RM103m in soft loans greenlit to help companies automate, modernise as of June 2024

The Malaysian Industrial Development Finance Bhd (MIDF) has approved soft loans totalling RM103.54 million to automate and modernise 29 companies up to June 2024.
9:58 PM 技术分析 找出最佳投资时机/麦传球
9:58 PM EVENING 5: Five things you need to know today

E...
9:53 PM Mastercard, JPMorgan in FTC study on ‘surveillance pricing’

US regulators are examining how companies including Mastercard Inc, JPMorgan Chase & Co and a unit of Goldman Sachs Group Inc provide clients with algorithms that use consumers’ personal data to tailor product pricing to individuals — what the agency termed “surveillance pricing”.
9:53 PM Bank of Canada cuts rates again, frets about low growth

The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points for the second month in row, bringing it down to 4.5%, and said more cuts were likely if inflation continued to cool in line with forecasts.
9:43 PM 中企“海外仓”冲击大马市场 拟修反倾销法护中小企
9:36 PM AME Elite sells four Johor industrial properties to AME REIT for RM119.5 mil

AME Elite Consortium Bhd (KL:AME) is selling four industrial properties in Johor to its 49.62%-owned unit AME Real Estate Investment Trust (KL:AMEREIT) for a total of RM119.5 million, to realign its property investments into a REIT.
tag stockAME +0.6%, AMEREIT +4.4%,
9:21 PM UEM Sunrise’s divestment in South Africa falls through again

Property developer UEM Sunrise Bhd's (KL:UEMS) disposal of its 80.4% stake in South Africa’s Roc-Union Proprietary Ltd has fallen through again as the buyer Azishe Properties Proprietary Ltd failed to fulfil its payment obligations within the stipulated time frame, according to its filing with Bursa Malaysia.
tag stockUEMS -2.5%,
9:19 PM US high-grade bond sales post biggest July in six years

Blue-chip companies sold bonds this month at the fastest rate for any July in six years, harnessing strong demand from investors looking to lock in high yields before the Federal Reserve starts cutting rates.
9:18 PM 房地产电汇成诈骗新天地!美IT高层亲揭被骗手法

(三藩市24日讯)房地产电汇成诈骗集团新天地!根据美联邦调查局数据显示,过去10年,涉及房地产交易中的虚假电子邮件的诈骗...
9:16 PM Japan planning record hike in minimum wage — report

A panel at the Japanese labour ministry has decided to raise the national average minimum wage by about 5% to ¥1,054 (US$6.85 or RM32) per hour this fiscal year, the biggest ever jump, public broadcaster NHK reported on Wednesday.
9:05 PM US goods trade deficit narrows in June

The US trade deficit in goods narrowed in June as exports rebounded, but trade likely remained a drag on economic growth in the second quarter.
9:04 PM Sabah's SMJ Energy sells fifth crude oil cargo for RM120 mil

Sabah state-owned SMJ Energy Sdn Bhd said it has sold its fifth crude oil cargo on July 23, with the latest transaction netting estimated sales revenue of RM120 million. The latest sale, derived from SMJ Energy's 50%-owned Samarang production-sharing contract (PSC), has resulted in cumulative sales revenue of RM700 million across the five cargoes sold to date, it said.
8:58 PM CapitaLand Malaysia Trust eyes more industrial, logistic assets in Johor

Capitaland Malaysia Trust (KL:CLMT) is eyeing more industrial and logistic assets in Johor, given the robust demand and positive economic sentiments there.
tag stockCLMT +3.1%,
8:53 PM AME产托扩大组合 1.19亿购柔佛4工厂
tag stockAME +0.6%, AMEREIT +4.4%,
8:51 PM Economists say BOE to trim bank rate on Aug 1 and once more this year

The Bank of England (BOE) will trim bank rate to 5% next week, a majority of economists said in a Reuters poll, and with inflation expected to hover around target, it will embark on a slow and steady reduction path with one more cut this year.
8:42 PM Nationgate to place out shares priced nearly six times that of IPO, raising RM429m

Nationgate Holdings Bhd (KL:NATGATE) intends to issue new shares to raise RM429.3 million at a price that is five times more than its initial public offering (IPO) of 38 sen per share that was achieved barely 19 months back.
tag stockNATGATE -8.4%,
8:36 PM CapitaLand Malaysia Trust positive on outlook amid increased tourist spending, occupancy rates

CapitaLand Malaysia Trust (KL:CLMT) said it is positive on its earnings outlook for this year, supported by sustained domestic earnings, an uptick in tourist arrivals and better occupancy rates for its retail malls.
tag stockCLMT +3.1%,
8:34 PM CLMT cautiously optimistic of its 2024 performance

PETALING JAYA: CapitaLand Malaysia Trust (CLMT) is cautiously optimistic about its performance in 2024 and will expand its industrial and logistics portfolio and diversify income streams.
tag stockCLMT +3.1%,
8:31 PM MSIA sees Malaysia’s semicon exports reaching RM1.2 tril by 2030

The Malaysia Semiconductor Industry Association (MSIA) is targeting for semiconductor exports to reach RM1.2 trillion by 2030.
8:27 PM 嘉登末季亏损收窄66%
tag stockGADANG -8.5%,
8:17 PM 租金与出租率提振净利 CLMT次季派息2.36仙
tag stockCLMT +3.1%,
8:00 PM 【南视界】Z世代在线购物时 都会做“这些事”!
7:59 PM AME Elite and AME REIT announce RM119.5mil industrial properties transaction in Iskandar Malaysia

KUALA LUMPUR: AME Real Estate Investment Trust's (AME REIT) manager I REIT Managers Sdn Bhd has proposed to acquire four industrial properties in Iskandar Malaysia, Johor, from the subsidiaries of AME Elite for a total cash consideration of approximately RM119.5mil.
tag stockAME +0.6%, AMEREIT +4.4%,
7:58 PM Diesel price hike impact on inflation less than expected, say analysts on June CPI surprise

Malaysia’s headline inflation, which came unchanged year-on-year at 2% in June, is projected to remain steady for the rest of 2024, on the muted impact from the recent diesel subsidy rationalisation, analysts said.
7:49 PM 这家公司账目很乱 问题原来出在老板身上......
7:37 PM Malaysia Airlines cancels flights MH366 and MH367 due to Typhoon Gaemi in Taiwan

Malaysia Airlines has cancelled its flight MH366 from Kuala Lumpur to Taipei and MH367 from Taipei to Kuala Lumpur on Wednesday due to the anticipated adverse weather conditions in Taiwan caused by Typhoon Gaemi.
7:36 PM 首季赚889万令吉 AME产托派息1.84仙
tag stockAMEREIT +4.4%,
7:35 PM Malaysian semiconductor exports to reach RM1.2 trillion by 2030 - MSIA

KUALA LUMPUR: The Malaysia Semiconductor Industry Association (MSIA) targets semiconductor exports to reach RM1.2 trillion by 2030.
7:29 PM 孟加拉严重示威事件 亚通Robi损失难估计
tag stockAXIATA -2.4%,
7:26 PM Indonesia plans increase in palm oil-based biodiesel in 2025

Indonesia, the world's biggest palm oil producer, is testing fuel with a view to increasing to 40% from 35% the share of palm-oil blended into biodiesel next year, the energy ministry said.
7:20 PM CapitaLand Malaysia Trust's 2Q NPI jumps 15.2% to RM65.47m, announces 1.17 DPU

CapitaLand Malaysia Trust (KL:CLMT) posted a 15.2% jump in its second quarter net property income from the same quarter a year ago, as most of the malls within its portfolio recorded higher revenue as a result of positive rental reversions and higher occupancies.
tag stockCLMT +3.1%,
7:19 PM Maybank:系统安全 所有客户资料受保护
tag stockMAYBANK +0.2%,
7:15 PM Ringgit closes slightly higher against the greenback

KUALA LUMPUR: The ringgit was slightly higher at the close today, despite the US dollar remaining fairly favourable against other major currencies, amid anticipation for the United States (US) interest rate cut, said an analyst.
7:10 PM 争夺纽约赌牌开销大 云顶大马信评有下调风险
tag stockGENM -0.4%,
7:06 PM 通胀阴霾笼罩 大马人储蓄难
7:01 PM 德意志银行4年来首亏 股价盘前跌8%

(柏林24日讯)德意志银行(Deutsche Bank)美股盘前跌超8.2%,报15.64美元。消息面上,德意志银行第2...
7:01 PM 金饰销售下跌 周大福次季在中国关闭逾100零售点

(上海24日讯)周大福珠宝今年4月至6月期间在中国新开零售点数量为85个,关闭零售点数量则更多,达176个,而中国市场零...
6:59 PM 马拉卡与韩企合作 增强再生能源实践
tag stockMALAKOF +0.6%,
6:58 PM BOS Wealth Management partners with OCBC Malaysia to expand market reach

KUALA LUMPUR: BOS Wealth Management Malaysia Bhd (BOSWM) is expanding its investment offerings in Malaysia by partnering with OCBC Bank (M) Bhd (OCBC Bank), aiming to reach both individual and corporate clients across the wealth market.
6:55 PM Bangladesh factories, banks reopen as curfew is eased after protests taper off

DHAKA (July 24): Rush-hour traffic returned to the streets of the Bangladeshi capital Dhaka on Wednesday, as a curfew was eased after four days of nationwide shutdown that followed deadly protests led by university students against quotas in government jobs.
6:51 PM MN控股收获数据中心合约 总值1.36亿令吉
tag stockMNHLDG +1.0%,
6:48 PM 亚航长程次季乘客同比增42%
tag stockAAX +2.1%,
6:47 PM Korea’s OCI said to weigh RM1.5bil IPO for Malaysia unit

OCI Holdings Co. is considering listing its Malaysian polysilicon unit on the Kuala Lumpur stock exchange to raise as much as RM1.5bil (US$320mil ), according to people familiar with the matter.
6:45 PM Moody's Ratings: Malaysia to benefit from data centre demand spillover

Malaysia is benefiting directly from the increased demand for data centres as a result of Singapore’s three-year moratorium on building new data centres and expanding capacity due to the limited availability of land, said Moody’s Ratings. In a research note on Wednesday, the firm said there has been an increase in investment in data centres in Johor, citing cloud services provider Microsoft’s land purchase last month from Eco World Development Group Bhd for new data centre development.
6:45 PM 瞄准泰国市场 吉打保时捷车厂将扩建

(吉隆坡24日讯)森那美(SIME,4197,主板消费股)计划将保时捷(Porsche)位于吉打州居林Inokom汽车装...
6:44 PM AirAsia X says number of passengers up 42% in 2Q

AirAsia X Bhd carried 880,265 passengers in the second quarter (2Q) of 2024, a 42% year-on-year (y-o-y) surge, surpassing the 25% y-o-y growth in its available seat per kilometre (ASK) capacity.
tag stockAAX +2.1%,
6:41 PM Gadang narrows losses in 4Q on higher construction revenue

KUALA LUMPUR (July 24): Gadang Holdings Bhd’s (KL:GADANG) net loss narrowed to RM9.37 million for its fourth quarter ended May 31, 2024 (4QFY2024) from RM27.7 million a year ago, as revenue expanded due to higher contributions from its construction division.
tag stockGADANG -8.5%,
6:40 PM BAT Malaysia reports lower 2Q profit amid increased investments to grow Vuse; declares 12 sen dividend

British American Tobacco (Malaysia) Bhd (KL:BAT) reported that its second quarter net profit dropped 23.66% amid the group's increased investment into growing its vaping brand, Vuse, in Malaysia. Net profit for the three months ended June 30, 2024 (2QFY2024) fell to RM36.28 million from RM47.53 million in 2QFY2023, as revenue dropped 5.55% to RM640.46 million from RM678.12 million, BAT's bourse filing showed.
tag stockBAT -0.4%,
6:39 PM 近8亿购狮城建材公司 杨忠礼机构股价缘何承压?

(吉隆坡24日讯)马股今日险守1620点关口。富时综合指数收市报1621.14点,全天跌8.54点或0.52%。亚洲股市...
tag stockYTL 0%,
6:37 PM BAT reports lower 2Q24 earnings

KUALA LUMPUR: British American Tobacco (M) Bhd (BAT Malaysia) is urging the government to consider addressing the high incidence of the tobacco black market in Malaysia, which is about 54.8% of the total industry.
tag stockBAT -0.4%,
6:35 PM United Plantations 2Q net profit up 17% on higher plantation and refinery profits

United Plantations Bhd's (KL:UTDPLT) net profit rose 17% to RM185.94 million in the second quarter ended June 30, 2024 (2QFY2024) from RM159.02 million a year earlier, on higher profits from both the plantation and refinery segments. As a result, earnings per share were higher at 44.83 sen for 2QFY2024 compared with 38.34 sen for 2QFY2023.
tag stockUTDPLT +1.3%,
6:34 PM Axteria scraps plans to jointly develop JB mixed project with RM413.2m GDV under first phase

Property developer Axteria Group Bhd (KL:AXTERIA), formerly known as Acoustech Bhd, has scrapped plans with Alpha Astral Properties Sdn Bhd (AAPSB) to jointly undertake a mixed development project on land measuring 83,037 square metres in Johor Bahru.
tag stockAXTERIA -6.1%,
6:22 PM Fortune 500 firms to see US$5.4b in CrowdStrike losses, says insurer Parametrix

US Fortune 500 companies, excluding Microsoft, will face US$5.4 billion (RM25.2 billion) in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.
6:17 PM AAX carries carries 880,265 passengers in 2Q24, surges 42% YoY

PETALING JAYA: AirAsia X Bhd (AAX) carried a total of 880,265 passengers in the second quarter of 2024 (2Q24), surging 42% year-on-year (y-o-y) and surpassing the 25% y-o-y growth in its available seat per kilometre (ASK) capacity.
tag stockAAX +2.1%,
6:15 PM 棕油销售增加 联合种植次季赚1.86亿
tag stockUTDPLT +1.3%,
6:14 PM MN Holdings bags RM136m contract from data centre client as order book swells to RM568m

MN Holdings Bhd said it has secured a contract worth RM136.24 million to undertake power landing station works for a data centre service provider.
tag stockMNHLDG +1.0%,
6:06 PM Moody's Ratings: Malaysia to benefit from data centre demand spillover

KUALA LUMPUR: Malaysia benefits directly from the increased demand for data centres, as a result of Singapore’s three-year moratorium on building new data centres and expanding capacity due to the limited availability of land, said Moody’s Ratings.
6:00 PM 【财经最热NOW】7月24日|争纽约赌牌开销大 云顶大马信用评级添风险
tag stockGENM -0.4%,
6:00 PM CEO professor nabbed, remanded for allegedly embezzling RM270,000

The Malaysian Anti-Corruption Commission (MACC) on Wednesday remanded a professor who is the chief executive officer (CEO) of a higher education company suspected of siphoning off company funds amounting to RM270,000.
5:56 PM Malaysia fintech market value expected to reach US$100 bil in next five years

Malaysia’s fintech market value is expected to double up to US$100 billion in the next five years. Fintech Association of Malaysia president Wilson Beh said currently the fintech market value is estimated at US$50 billion.
5:53 PM SC Estate Builder signs pacts to bid for solar projects, develop homes

SC Estate Builder Bhd (KL:SCBUILD) is forming a consortium to bid for projects with a total capacity of 2,000 megawatts (MW) under the fifth large-scale solar programme (LSS5).
tag stockSCBUILD -25.0%,
5:50 PM MN Holdings bags RM136mil substation engineering contract

PETALING JAYA: MN Holdings Bhd has secured a substation engineering contract worth RM136.2mil in Johor.
tag stockMNHLDG +1.0%,
5:50 PM China stocks’ 'policy put' is breaking down

HONG KONG (July 24): Chinese officials seem relatively untroubled about their country’s property market dysfunction, judging from their own list of top priorities. Of 60 policy goals from the recent Third Plenum leadership summit published on Sunday, the real estate sector is not mentio...
5:49 PM 【行家论股】IOI置业 致力扩大产业组合
tag stockIOIPG -4.8%,
5:49 PM 【行家论股】天地通数码网络 释放新收入潜力
tag stockCDB +0.3%,
5:49 PM 【行家论股】AXIS产托 柔工业租金看涨
tag stockAXREIT -1.6%,
5:46 PM Fuel prices unchanged till July 31

The retail prices for RON97 and RON95 petrol as well as diesel will remain unchanged at RM3.47, RM2.05 and RM3.35 per litre, respectively, from July 25 until 31.
5:45 PM 次季赚3628万令吉 英美烟草派息12仙
tag stockBAT -0.4%,
5:40 PM FBM KLCI down 0.52% to 1,621.14 on July 24, 2024

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.
5:40 PM IEA: Global coal demand to remain flat this year and next

Global coal demand is set to remain largely flat this year and next as higher electricity demand in some major economies offsets the rapid expansion of solar and wind, the International Energy Agency said in an update on the coal market.
5:37 PM Ferrari extends cryptocurrency payment system to Europe after US launch

Ferrari said on Wednesday it would extend its scheme to accept payments in cryptocurrency for its luxury sports cars to its European dealers network from the end of this month, after starting in the US last year.
5:35 PM 日本Lawson “引客入瓮” 1000门市安装夹娃娃机

(东京24日讯)日本连锁便利商店罗森(Lawson)宣布,计划在2025会计年度之前,在全日本1000家分店安装夹娃娃机...
5:29 PM Industrial court awards former Maxis Broadband staff RM703k for unfair dismissal

KUALA LUMPUR (July 24): The Industrial court has ordered Maxis Broadband Sdn Bhd to pay a former project manager specialist a sum of RM703,664 for unfair dismissal.
tag stockMAXIS -0.6%,
5:22 PM 云计算和搜索广告提振 谷歌业绩超预期
5:20 PM China's BYD widens EV lead over Tesla in Singapore, Southeast Asia, data shows

China's BYD widened its sales lead over Tesla in Singapore in the first half of this year, government data showed, highlighting the challenge facing the world's biggest electric vehicle maker by sales from Chinese rivals.
5:20 PM Cautious market sentiment drags Bursa Malaysia lower

KUALA LUMPUR: Bursa Malaysia finished lower on Wednesday as cautious sentiment weighed on buying patterns in line with the performance of its regional peers.
5:20 PM 亚股今日普遍下跌 综指闭市跌8.54点
5:19 PM 特朗普威胁高额关税 特斯拉暂停墨西哥投资
5:19 PM Singapore to retire 3G in phases from Aug 1, 2024 — authority

SINGAPORE (July 24): Singapore’s 3G network, introduced more than 20 years ago, will be retired in phases beginning Aug 1, Infocomm Media Development Authority (IMDA) announced on Wednesday.
5:14 PM Chinese stocks in worst slump since January as policy hopes fade

Chinese stocks declined at a pace unseen since the rout earlier this year, reigniting fears that the market is again headed for a freefall despite policy buffers put in place.  The CSI 300 Index closed down 0.6% on Wednesday, taking its three-day loss to more than 3%, the most since Jan 31. The Shanghai Composite Index briefly tumbled below the key 2,900 level.
5:09 PM UK business confidence and orders grow after Labour election win

Britain’s private sector companies reported a surge in confidence, hiring and new orders after Labour’s landslide election victory, a sign the new government may enjoy stronger growth. S&P Global’s purchasing managers’ index (PMI) rose to 52.7 in July, up from 52.3 the previous month. It was a two-month high and slightly above economists’ expectations. Readings above 50 indicate growth.
5:09 PM Petronas’ unit signs land rental agreement with Kuantan Port for carbon capture and storage hub in Pahang

KUALA LUMPUR (July 24): Petroliam Nasional Bhd (Petronas), which is seeking to establish a carbon capture and storage (CCS) hub in Pahang, has inked a land rental agreement with Kuantan Port Consortium Sdn Bhd for the project. The financial details of the deal and the exact location of ...
5:05 PM LG Energy Solution in talks with Chinese material firms to make low-cost EV batteries for Europe

South Korea's LG Energy Solution (LGES) is in talks with about three Chinese suppliers to produce low-cost electric vehicle batteries for Europe, a senior executive said, with competition set to intensify after the EU slapped extra tariffs on China-built EVs.
5:03 PM 香港楼市回温 一套豪宅4.3亿成交
5:01 PM Gobind: 14 Malaysian entities, including five govt agencies, affected by global IT outage

A total of five government agencies and nine private companies were affected by the global information technology (IT) outage on July 19, Digital Minister Gobind Singh Deo said.
5:01 PM China’s proposal to raise retirement age sparks worker unease

The Communist Party’s pledge to gradually increase the retirement age has renewed unease in China, where people’s livelihoods are already challenged by a sluggish job market, persistent hiring discrimination and evolving technologies.
5:00 PM Tech: Why the sentiment for once-hot fintechs has changed

THE US stock barometer, the S&P 500 index, raced past the 5,600 mark this past week as Wall Street’s bull run gathered momentum. On July 10, the index was up 18.8% year to date and up just over 60%, inclusive of dividends, since it bottomed in late October 2022. The Nasdaq Composite Index has...
4:57 PM China targets financial sector with party-led anti-graft committee

China has appointed an anti-graft official to lead a new committee to fight corruption in the financial sector, showing the ruling Communist Party's tightening grip on an industry with US$66 trillion (RM308.4 trillion) in assets.
4:57 PM 中国消费者赴日本买奢侈品 LVMH赚幅承压
4:56 PM T7全球获国油颁发自升式钻井平台合约

(吉隆坡24日讯)T7全球集团(T7GLOBAL,7228,主板能源股)宣布,获得国油探勘(Petronas Carig...
tag stockT7GLOBAL 0%,
4:55 PM LVMH growth slows as China’s slump weighs on luxury spending

LVMH sales growth slowed last quarter as wealthy shoppers reined in spending on pricey Louis Vuitton handbags and Christian Dior couture.
4:53 PM Reckitt cuts revenue forecast after US tornado hits baby formula sales

British consumer goods group Reckitt Benckiser lowered its full-year sales growth forecast for 2024 on Wednesday due to supply disruptions at its infant formula business after a tornado damaged a third-party warehouse in the US.
4:52 PM Remy Cointreau sales tumble on US, Southeast Asia weakness

Remy Cointreau SA sales slumped in the first quarter of its fiscal year as the Cognac maker suffered from falling demand in the US and tougher markets in Southeast Asia.
4:52 PM Aston Martin supercars see strong demand from wealthy buyers

Aston Martin Lagonda Global Holdings plc saw strong demand for its pricier limited edition vehicles, helping the British carmaker boost its average selling price and offset a drop in deliveries. The company delivered 118 of its “special” models in the first six months of the year, up from 38 a year earlier, led by the Valkyrie and Valour supercar models, which will set buyers back at least US$3 million (RM14.01 million) and US$1 million, respectively.
4:51 PM Deutsche Bank's profit streak ends with big lawsuit provision

Deutsche Bank posted its first loss in four years in the second quarter after setting aside €1.3 billion (US$1.41 billion or RM6.6 billion) as a provision for an investor lawsuit, scuppering plans for a stock buyback and triggering a 7% drop in shares.
4:49 PM Rivian to face trial in Tesla trade secrets theft case, judge says

Electric car maker Rivian Automotive will go on trial over allegations that it encouraged its employees who defected from Elon Musk's Tesla to steal trade secrets, according to a tentative ruling issued by a California judge.
4:46 PM Porsche profits dampened by model revamps, China slump

Porsche reported falling first-half sales and profits on Wednesday, a day after cutting its outlook for the remainder of the year on a supply chain shortage which it expects will dent its output by more than 10,000 cars.
4:43 PM UK's Heathrow airport posts first-half profit on steady travel demand

Britain's Heathrow Airport reported a first-half profit on Wednesday, boosted by robust passenger traffic as travel demand remained steadfast, while urging the new government to consider policies to help the country better compete with European travel hubs.
4:41 PM Kishida calls for more money to develop Japan's chip sector

Prime Minister Fumio Kishida’s administration is drafting legislation to propel further investment in Japan's chipmaking capacity. The government plans to submit “as soon as possible” a bill to the Diet that would support research and development of next-generation chips and their mass production, Kishida told reporters.
4:37 PM PETRONAS' unit inks land rental deal for Pahang CCS hub

KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) subsidiary, Petronas CCS Solutions Sdn Bhd (PCCSS) has inked a land rental agreement with Kuantan Port Consortium Sdn Bhd (Kuantan Port) to accelerate plans for its southern Carbon Capture and Storage (CCS) hub in Pahang.
4:32 PM Alibaba bets on Taobao, Tmall clothing merchants to compete overseas against Shein, Temu

Alibaba’s pan-clothing global free shipping plan offers qualified merchants a new way to sell their products overseas.
4:20 PM SC Estate Builder signs agreement with three Firms for affordable housing in Kedah

KUALA LUMPUR: SC Estate Builder Bhd’s (SCBB) wholly-owned subsidiaries, SC Estate Construction Sdn Bhd and SC Estate IBS Sdn Bhd, have entered into a collaboration agreement (CA) with three parties to develop a construction project comprising 510 units of affordable houses in Bandar Alor Setar, Kedah.
tag stockSCBUILD -25.0%,
4:06 PM Corporate sector urged to back climate financing through Kuamut carbon credit auction

PUTRAJAYA (July 24): Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad has called on the corporate sector to support climate financing through the carbon credit auction from the Kuamut Rainforest Conservation project in Sabah, scheduled for Thursday (July 25).
4:05 PM German factories push private sector into surprise slump

Germany’s private sector unexpectedly contracted in July as country’s manufacturing malaise worsened — undermining hopes that growth will pick up in the second half of the year.  S&P Global’s Purchasing Manager Index (PMI) fell to 48.7 from 50.4 in the previous month, back below the 50 threshold signalling growth.
4:01 PM 日本首富阴沟翻船? UNIQLO中国遇逆风

(上海24日讯)日本服饰品牌优衣库(UNIQLO)在中国市场出现逆风,最新财报显示中国与香港地区的获利严重下滑,让大中华...
4:00 PM Penang is not short of FDI, but resources

PENANG has had a successful industrialisation journey over the past 50 years. During this time, its semiconductor and electrical and electronics (E&E) sectors have transformed from being labour-intensive and low-value-added industries into a powerhouse known as the Silicon Valley of the East....
3:57 PM 应拉菲兹邀请 马云“金主”要来马投资
3:53 PM 证监会:涉及公众利益 审计师须维持高质量
3:47 PM Renewable energy use on the rise in China

CHINA's utilisation of renewable energy has either reached or exceeded advanced international levels, reflecting its rapid progress in the field of sustainable energy, according to a recent report.
3:45 PM 组装混动Cayenne 森那美保时捷厂扩建
tag stockSIME -1.1%,
3:34 PM 低于市场预期 6月通胀增2%
3:23 PM Oil prices rise as US crude, fuel inventories seen shrinking

OIL prices rebounded on Wednesday, snapping three straight sessions of decline, as falling U.S. crude inventories and growing supply risks from wildfires in Canada boosted prices.
3:21 PM 林慧英:127万人受惠 MySalam医保索赔额逾9亿
3:17 PM Maybank reassures systems remain secure amid alleged database leakage claims

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has reassured that its systems remain secure and all its customers' information is fully protected amid alleged claims that its Maybank2u database was published on a dark web forum.
tag stockMAYBANK +0.2%,
3:06 PM BNP Paribas beats estimates as trading revenues jump

PARIS: France's BNP Paribas posted better-than-expected quarterly earnings on Wednesday after investment banking revenue jumped due to a surge in equities trading, offsetting a sharp drop in net interest income at its French retail business.
3:06 PM 私有化完成 GHL系统月杪停牌
tag stockGHLSYS +0.9%,
3:03 PM CelcomDigi is now a 'buy' with ‘inexpensive’ valuations, AmInvestment says

CelcomDigi Bhd (KL:CDB) is now a ‘buy’ as valuation is cheap following a 13% decline in the stock’s price over the past six months, said AmInvestment Bank. AmInvestment joins a growing list of research houses which have switched their call on CelcomDigi to ‘buy’. CIMB Securities upgraded the stock earlier this month and TA Securities lifted its recommendations in May.
tag stockCDB +0.3%, MAXIS -0.6%,
3:02 PM Gamuda Land launches new eight-home cluster typology

RAWANG (July 24): Gamuda Land Bhd, the property arm of Gamuda Bhd (KL:GAMUDA), has unveiled a new home typology called the Park Homes — a first of its kind in Malaysia.
tag stockGAMUDA -3.0%,
3:01 PM 纽约赌牌得主明年尾揭盅    云顶大马能否笑到最后?

(吉隆坡24日讯)如果没有意外,美国当局最晚明年尾公布纽约赌场执照得主,而云顶大马(GENM,4715,主板消费股)是受...
tag stockGENM -0.4%,
3:00 PM Taliworks sees more jobs as data centre boom drives up need for water infrastructure investments

TALIWORKS Corp Bhd [KL:TALIWRK] sees the country’s data centre boom driving up investments in water infrastructure over the near to medium term, and is primed to take on more jobs. “We foresee the boom in the data centre market will drive increased demand for water resources, mainly for...
tag stockTALIWRK -0.6%,
2:54 PM 政府扶持数据中心下 外资正回归马股
tag stockSUNWAY 0%, YTLPOWR -1.5%,
2:42 PM 获利略优于预期 Alphabet财报没惊喜
2:39 PM AME Elite to launch RM1b GDV industrial park in Penang in 2H2024

KUALA LUMPUR (July 24): Industrial space solutions provider AME Elite Consortium Bhd (KL:AME) plans to launch the 176-acre Northern TechValley industrial park in Penang, with a gross development value (GDV) of RM1 billion, in the second half of 2024 (2H2024).
tag stockAME +0.6%,
2:36 PM 钱没那么好赚!Nvidia员工泪曝高压高工时

(台北24日讯)英伟达(Nvidia)是许多工程师梦寐以求的公司,但有一名英伟达员工在Dcard以“高压高工时真的不重要...
2:26 PM Malaysia’s 5G rollout to continue in 2H2024 — HLIB

KUALA LUMPUR (July 24): Malaysia’s 5G rollout will continue in the second half of 2024 (2H2024), regardless of the political climate, whether in a single wholesale network (SWN) model or a dual wholesale network (DWN) structure, said Hong Leong Investment Bank (HLIB).
tag stockCDB +0.3%, TM -0.6%,
2:18 PM Melewar, Varia, G3, GCE, Cresndo, OCR, PDZ

KUALA LUMPUR (July 24): theedgemalaysia.com highlighted three stocks with positive momentum, while four stocks showed negative momentum at Bursa Malaysia’s noon market break on Wednesday. The stocks with positive momentum were:       Melewar Industrial Grou...
tag stockMELEWAR -3.2%, VARIA -3.0%, G3 +14.3%, GCE 0%, CRESNDO 0%, OCR -4.8%, PDZ -8.3%,
2:14 PM GHL Systems Bhd has applied to Bursa Securities to delist from the Main Market of Bursa Malaysia

GHL Systems Bhd has applied to Bursa Securities to delist from the Main Market of Bursa Malaysia ...
tag stockGHLSYS +0.9%,
2:07 PM Gross fixed capital formation recorded at RM314.5 bil in 2023 — DOSM

Malaysia's gross fixed capital formation (GFCF) was recorded at RM314.5 billion at constant prices in 2023 versus RM298.2 billion in 2022, said the Statistics Department Malaysia (DOSM). In a statement Wednesday, DOSM said the combination of global economic pressures, domestic policy adjustments, sector-specific challenges and financial conditions significantly contributed to the GFCF’s moderate growth last year.
2:00 PM Air transport still safest mode despite more reports of flight mishaps, say experts

THE spate of recent flight mishaps involving different airlines — from engine cover and door panel falling off, tyre blowing off mid-flight to planes skidding off runways or encountering severe turbulence — has raised safety concerns among air travellers. However, aviation experts maintain t...
1:53 PM 节省更多成本 英国BBC将裁500人
1:48 PM Asian stocks waver after tech earnings, yen at seven-week high

SINGAPORE: Asian stocks fell on Wednesday after lacklustre earnings from U.S. tech behemoths Tesla and Alphabet dented risk appetite, while the yen surged to a seven-week high ahead of a central bank meeting next week where a rate hike remains on the table.
1:48 PM 传暗网售2200万客户资料 马银行火速“灭火”

(吉隆坡24日讯)根据网络流传暗网论坛上售卖银行网站数据库事件,马银行(MAYBANK,1155,主板金融股)今日作出回...
tag stockMAYBANK +0.2%,
1:47 PM 乃5G数据中心“大动脉” 马电讯有光纤可独赢
tag stockTM -0.6%, CDB +0.3%, AXIATA -2.4%, MAXIS -0.6%, TIMECOM -1.2%,
1:47 PM Deutsche Bank's profit streak ends with big lawsuit provision

FRANKFURT: Deutsche Bank posted a loss in the second quarter, it disclosed on Wednesday, its first in four years after setting aside 1.3 billion euros ($1.41 billion) as a provision for a protracted investor lawsuit over its Postbank acquisition.
1:47 PM Gary Lineker tops BBC pay list with 1.35 million pound salary

LONDON (July 23): Gary Lineker once again topped the BBC pay list in the 2023-24 financial year, receiving more than 1.35 million pounds ($1.74 million) for presenting "Match of the Day" and other sports coverage for the British broadcaster. The BBC, which is funded by a licenc...
1:44 PM Gross fixed capital formation recorded at RM314.8bil in 2023 - DoSM

KUALA LUMPUR: Malaysia's gross fixed capital formation (GFCF) was recorded at RM314.5 billion at constant prices in 2023 versus RM298.2 billion in 2022, said the Statistics Department Malaysia (DoSM).
1:41 PM 买下丽阳名捷购物广场 IOI置业放眼实现终极目标

(吉隆坡24日讯)随著IOI置业集团(IOIPG,5249,主板产业股)收购丽阳名捷购物广场(Tropicana Gar...
tag stockTROP -3.5%, IOIPG -4.8%,
1:39 PM BBC to axe 500 more jobs in bid to be ‘more agile’ - reports

LONDON (July 23): The BBC is to axe 500 jobs over the next 20 months in a bid to save £200 million (S$347 million) and become a “leaner, more agile organisation”, the British public service broadcaster announced on July 23, AFP reported. ...
1:33 PM Sri Lanka cuts rates to help fuel economic recovery

COLOMBO (July 24): Sri Lanka's central bank cut interest rates by 25 basis points on Wednesday, in a surprise decision aimed at helping fuel the South Asian nation's economic recovery from its worst financial crisis in decades.
1:32 PM Liew: Miti reviewing Countervailing and Anti-Dumping Duties Act 1993

The Ministry of Investment, Trade and Industry (Miti) is in the process of reviewing the Countervailing and Anti-Dumping Duties Act 1993 (Act 504), said Deputy Minister Liew Chin Tong.
1:29 PM 抑制炒股狂潮 印度增高资本利得税
1:25 PM 特斯拉财报惨! 股价狂泻逾8%  马斯克“罕见认输”

(纽约24日讯)特斯拉第2季财报让市场大失所望,盘后股价重挫逾8%,不仅电动车销量连续两季下滑,赚幅更是跌到近5年新低,...
1:22 PM Takaful industry disbursed RM2.24b in 1Q, payouts up 4.9% — association

Takaful operators disbursed RM2.24 billion in the first quarter of 2024 (1Q2024), with family takaful payouts at RM1.72 billion and general takaful payouts at RM514 million, said the Malaysian Takaful Association (MTA).
1:20 PM 无人驾驶兴奋情绪消散 百度股价涨幅全都回吐
1:18 PM 中国经济放缓 欧洲公司受伤
1:13 PM RM5b financial support needed to achieve smart manufacturing goals under NIMP 2030, says FMM president

The government is urged to increase funding and incentive support to help manufacturers transform into smart factories, as targeted under the New Industrial Master Plan 2030 (NIMP 2030).
12:59 PM North America leads in ranking of start-up funding by continent, data shows

North America’s lead in the global ranking of start-up funding by continent has widened. In a report on Tuesday, Crunchbase, which tracks trends, investments and news of global companies from start-ups to the Fortune 1000, said in the first six months of this year, start-ups in the US and Canada pulled in US$80.1 billion (RM374.35 billion) — more than the rest of the world combined.
12:57 PM SC urges consistent high-quality audits for public interest entities

KUALA LUMPUR: The Securities Commission Malaysia (SC) has urged audit firms to intensify efforts to achieve consistent performance across all public interest entities (PIEs) audit engagements.
12:55 PM 韩国OCI大马子公司有意上市 筹资或达15亿
12:55 PM Selling restarts on Bursa, FBM KLCI drops 7pts

KUALA LUMPUR: Investors on Bursa Malaysia returned to a selling mood after a brief reprieve in the previous session, as the catalysts driving up equities prices ran their course.
12:49 PM Malaysia's CPI up 2% y-o-y in June, matching pace in May — official data

Malaysia’s headline inflation remained steady in June, driven by higher prices at restaurants, costlier utilities and food, though the rate came in lower than expected, official data on Wednesday showed. The consumer price index (CPI) — Malaysia’s main gauge of inflation — rose 2.0% in June when compared to the same month in 2023, the Department of Statistics Malaysia said in a statement. That compares to the 2.2% increase predicted in a Bloomberg survey, and matched May’s year-on-year (y-o-y) pace.
12:47 PM 马币行情(24/07/2024)
12:46 PM 知名私募机构进驻TRX国际金融中心 助攻中资企业拓展东南亚

(吉隆坡24日讯)私募机构Censuria近期在TRX国际金融中心设立办事处,为中国出海企业提供一站式私募、创投、法务、...
12:40 PM 多只成分股领跌 综指休市收报1622.68点
12:36 PM 柴油涨价首月 大马保持2%通胀率

(吉隆坡24日讯)我国6月消费者物价指数(CPI)继续保持上升趋势,上扬2.0%,至133.0点,高于去年同期的130....
12:35 PM 美股IPO市场开始复苏 本周筹资规模有望创10个月新高

(纽约 24日讯)美国首次公开募股(IPO)市场有望在本周获得提振,多达55亿美元(约256亿令吉)的筹资规模可能是投资...
12:34 PM 主要股东私有化 L'Occitane将从香港退市

(香港24日讯)法国奢侈美容产品公司欧舒丹(L'Occitane)星期二表示,当收购要约获得足够支持,公司股票将从香港证...
12:29 PM GHL Systems' shares to be suspended on July 31

KUALA LUMPUR: GHL Systems Bhd shares will be suspended from 9am on Wednesday (July 31, 2024).
tag stockGHLSYS +0.9%,
12:24 PM Malaysia's inflation remains 2% in June

KUALA LUMPUR: Malaysia's inflation in June 2024 remained unchanged from the previous month at 2%, below the expectations of market observers.
12:24 PM 打开IBS业务大门 杨忠礼机构收购狮城上市公司
tag stockYTL 0%,
12:22 PM SC’s AOB saw increase in public interest entity audit engagements needing remediation in 2023

The number of public interest entity (PIE) audit engagements requiring remediation saw an overall increase in 2023, according to the Securities Commission Malaysia's (SC) Audit Oversight Board (AOB).
12:14 PM Maybank says systems secure amid report of alleged data leak

Malayan Banking Bhd (KL:MAYBANK), Malaysia’s biggest banking group by assets, said on Wednesday that its systems remain secure, in response to a purported sale of its main banking site's database on a dark web forum.
tag stockMAYBANK +0.2%,
12:07 PM Blackstone bets on growth in private credit business outside US

(July 24): Blackstone Inc. is “doubling down” on opportunities in its international credit business, as it targets growth in a broader array of debt including local-currency investments, according the firm’s global credit head. “There’s a lot more to do for us in Europe and in Asia...
12:07 PM “格美”台风来袭 台湾菲律宾股汇休市

(台北、马尼拉24日讯)今早,菲律宾证交所和菲律宾央行在社交平台X上宣布,股票市场和外汇交易将暂停。这项决定是因为格美(...
12:01 PM Private healthcare sector set for stronger 2H, IHH the top pick — RHB IB

RHB Investment Bank (RHB IB) has maintained its 'overweight' rating for the healthcare facilities and service sector, saying that private healthcare is set to record a stronger performance in the second half of the year (2H2024), driven by organic expansion strategies and the extension of visa-free entry for tourists from China and India.
tag stockKPJ +0.5%, IHH +0.2%,
12:00 PM Boeing resumes deliveries of 737 MAX airplanes to China

(July 24): Boeing said on Tuesday it has resumed deliveries of its best-selling 737 MAX airplane to China after a lengthy delay stemming from regulatory issues. Reuters reported on May 22 that Boeing's plane deliveries to China had been delayed in recent weeks due to a Chinese regulator...
11:51 AM Foxconn to invest $138 million for new business headquarters in China

BEIJING (July 24): Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, said on Wednesday it plans to invest 1 billion yuan ($137.5 million) to construct a new business headquarters in Zhengzhou, China. Foxconn, formally called Hon Hai P...
11:44 AM Analysts mixed on IOI Properties’ gearing impact

KUALA LUMPUR (July 24): Analysts have expressed mixed views on IOI Properties Group Bhd’s (KL:IOIPG) acquisition of Tropicana Gardens Mall and its impact on the group’s gearing level.
tag stockIOIPG -4.8%,
11:42 AM US business equipment borrowings fall 4% in June, ELFA says

US companies borrowed 4% less to finance equipment investments in June than a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday.
11:40 AM 富士康将砸6400万 河南建新总部大楼

(台北24日讯)台湾半导体巨擘鸿海科技集团旗下的富士康科技集团,将在中国河南省郑州建设新事业总部大楼,总投资约10亿人民...
11:38 AM Malakoff inks MOU with South Korea’s KOEN for potential collaborations

Malakoff Power Bhd (MPB), a wholly owned subsidiary of Malakoff Corp Bhd (KL:MALAKOF), signed a memorandum of understanding (MOU) with Korea South-East Power Company (KOEN) in order to explore potential collaborations.
tag stockMALAKOF +0.6%,
11:36 AM 特斯拉盈利再不如预期 股价重挫7%
11:36 AM Red Lobster moves closer to bankruptcy sale to lenders

Red Lobster is moving closer to a bankruptcy sale that would put lenders, including Fortress Investment Group, in charge of the company after no other bidders stepped up with an offer to repay the struggling US restaurant chain's debt, according to court documents.
11:28 AM Indian bonds reverse gains as borrowing plan disappoints market

(July 24): Indian bonds reversed gains after the government disappointed traders expecting a bigger cut in debt sales. The administration plans to borrow 14.01 trillion rupees ($168 billion) in the fiscal year ending March 2025, Finance Minister Nirmala Sitharaman said Tuesday. Tha...
11:17 AM Maybank says systems remain secure amid claims of database for sale on dark web forum

Maybank has assured customers that its systems remain secure amid claims that its Maybank2u database is being offered for sale on a dark web forum.
tag stockMAYBANK +0.2%,
11:08 AM Sime Darby, Porsche expand local assembly facility

KUALA LUMPUR: Sime Darby Bhd and Porsche have announced the expansion of the luxury carmaker's assembly facility at Inokom, Sime Darby's motor vehicle production and assembly facility in Kulim, Kedah.
tag stockSIME -1.1%,
11:03 AM Baidu’s robotaxi ambition draws sceptics after brief stock rally

China’s faster-than-expected adoption of autonomous driving is doing little to rev up optimism among analysts searching for Baidu Inc’s next catalyst.  The internet search leader’s shares have almost erased gains notched in Hong Kong this month after the company announced an expansion into ride hailing with a fleet of fully self-driving cars in the city of Wuhan. Now, Baidu’s stock may extend its year-to-date decline with analysts cutting its average 12-month target price to an all-time low.
10:52 AM Axis REIT to see sustained earnings in 2H, says HLIB

Hong Leong Investment Bank (HLIB) Research has maintained its 'buy' rating for Axis REIT (KL:AXREIT) at RM1.87, with a lower target price of RM2.03 (from RM2.04), saying the real estate investment trust's quarterly core net profit of RM39.6 million, which was 1.1% lower quarter-on-quarter but 17.2% higher year-on-year, brought the sum to RM79.6 million for the first half ended June 30, 2024 (1HFY2024).
tag stockAXREIT -1.6%,
10:50 AM Sunway Property records RM1.1bil in nationwide bookings

KUALA LUMPUR: Sunway Property, the property arm of Sunway Bhd, has recorded RM1.1 billion in bookings across its 14 properties nationwide under its Signature Series 2024 campaign.
tag stockSUNWAY 0%,
10:42 AM Indonesia plans widespread use of palm oil-based B40 biodiesel in 2025

JAKARTA: Indonesia is planning for the widespread use of the palm-oil based B40 biodiesel in 2025, replacing the current B35 blending, the energy ministry said in a statement.
10:42 AM Sime Darby expands Porsche assembly facility in Kulim

Malaysia’s automotive-to-industrial conglomerate Sime Darby Bhd (KL:SIME) has announced the expansion of Porsche’s assembly facility at Inokom in Kulim, Kedah.
tag stockSIME -1.1%,
10:37 AM 放弃“隐私沙盒”项目 谷歌不停用第三方Cookie
10:34 AM Sunway Property achieves RM1.1b in bookings for its Signature Series 2024 campaign

KUALA LUMPUR (July 24): Sunway Bhd’s (KL:SUNWAY) Sunway Property said its Signature Series 2024 campaign has achieved RM1.1 billion in bookings across 14 properties nationwide.
tag stockSUNWAY 0%,
10:34 AM Australian regulator steps up private market focus with new unit

Australia’s corporate regulator has set up a specialised unit to engage with private markets over the next 12 months, amid persistent concerns about valuations in the sector.
10:19 AM Elon Musk launches poll asking if Tesla should invest US$5b in xAI

BENGALURU (July 23): Billionaire Elon Musk launched a poll on social media platform X on Tuesday, asking users whether Tesla should invest US$5 billion in his artificial intelligence (AI) startup xAI.
10:14 AM Foxconn to invest US$138m for new business headquarters in China

BEIJING/SHANGHAI (July 24): Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, said on Wednesday that it plans to invest one billion yuan (US$137.5 million) to construct a new business headquarters in Zhengzhou, China.
9:38 AM 检视柴油起价冲击 统计局今午公布6月通胀率

(吉隆坡24日讯)市场今天的最大焦点,是统计局中午12时公布的消费者物价指数(CPI),以评估柴油涨价对通胀率的影响。随...
9:33 AM Malaysia’s AI push lures stock investors after years of outflows

After years of getting shunned, Malaysia’s stock market is regaining favour with global investors. International funds turned into net buyers of the equities this year as Prime Minister Datuk Seri Anwar Ibrahim drove policies to boost foreign investment in the semiconductor industry and artificial intelligence (AI) data centres. Foreigners had sold about US$11.5 billion (RM53.77 billion) of their holdings on a net basis in the previous six years, according to data compiled by Bloomberg.
9:28 AM SC adds one entity to Investor Alert List

The Securities Commission Malaysia (SC) has updated its Investor Alert List.
9:27 AM Maybank IB sees ringgit rising to 4.60 against US$ by year-end

KUALA LUMPUR: The ringgit is expected to end firmer at 4.60 against the US dollar by the end of this year, said Maybank Investment Bank Bhd (Maybank IB). 
9:13 AM FBM KLCI holds steady pending inflation report

KUALA LUMPUR: Investors could take a wait-and-see approach ahead of the Malaysia inflation report at noon today, which observers say could be impacted by the removeal of the blanket diesel subsidy.
9:13 AM Ringgit opens flat against US$ ahead of CPI data

KUALA LUMPUR: The ringgit was flat against the US dollar in the morning session and mixed against a basket of other major currencies ahead of Malaysia’s inflation announcement today, said an analyst.
8:59 AM New York downstate casino licence to be awarded by end-December 2025, positive for GenM — Phillip Capital

Phillip Capital has maintained its 'buy' rating for Genting Malaysia Bhd (KL:GENM) at RM2.57, with an unchanged target price of RM3.45, and said the casino group’s video gaming machine operations continued to outperform its peers in New York, with its market share expanding to 43.3%.
8:58 AM 【股势先机】雪隆最后一个大商场REIT来了/陈剑
tag stockWCT +0.8%,
8:56 AM Famed fine-dining restaurant Chalet revisits EQ with a pop-up experience

In a city that incessantly reinvents itself, the modern gourmand is presented with an abundance of choices. However, for those who want to savour reliable classics that pay an appreciative nod to the past, Chalet — the fine-dining restaurant in Equatorial Hotel Kuala Lumpur (now EQ) that once charmed discerning guests with its European fare and tableside service in the 1980s — will be returning for a special pop-up event from July 29 to Aug 17.
8:32 AM 等待大型科技股财报 美股指数收盘微跌
8:30 AM 已任职11年李楚源辞董事长 王老吉母公司换帅

(广州24日讯)广州白云山医药集团股份有限公司(白云山,600332.SH;0874.HK)22日发布公告,李楚源因个人...
8:15 AM 延续“强强联手”好伙伴 泸州老窖再赞助金鹰奖
8:04 AM Trading ideas: YTL Corp, Careplus, GHL, Tropicana, Uzma, CelcomDigi, AirAsia, DPS, T7, Varia, Advancecon, Axis REIT

KUALA LUMPUR: Here is a recap of the announcements that made headline in Corporate Malaysia.
tag stockYTL 0%, CAREPLS +1.7%, GHLSYS +0.9%, TROP -3.5%, UZMA -2.7%, CDB +0.3%, CAPITALA -1.2%, DPS -0.8%, T7GLOBAL 0%, VARIA -3.0%, ADVCON -1.8%, AXREIT -1.6%,
7:17 AM Oil falls 2% to six-week low on demand concerns

Oil prices fell about 2% to a six-week low on Tuesday on rising expectations of a ceasefire in Gaza and growing concerns about demand in China.
7:07 AM Wall St ends lower with Big Tech earnings on deck

Wall Street's main indices ended slightly lower on Tuesday, having given up meager intraday gains in the final minutes of trading, as investors switched their focus to the latest earnings from Alphabet and Tesla.
7:02 AM YTL acquires NSL stake for RM792mil

YTL Corp Bhd’s subsidiary YTL Cement Bhd has entered into a conditional sale and purchase agreement (SPA) with 98 Holdings Pte Ltd for the proposed acquisition of shares in NSL Ltd for S$227.61mil (about RM792.32mil) in cash.
tag stockYTL 0%,
7:02 AM IOI Properties buys PJ mall for RM680mil

IOI Properties Group Bhd (IOIProp) is purchasing Tropicana Gardens Mall in Petaling Jaya for RM680mil, in addition to three other acquisitions over the past eight months.
tag stockIOIPG -4.8%,
7:02 AM Growth trajectory intact in 2H24

The economy is expected to chart a stable outlook in the second half of 2024 (2H24) underpinned by the progress made on blueprints, the investment upcycle and a firmer ringgit while a pivot by the US Federal Reserve (Fed) could encourage fund inflows, say fund managers.
7:02 AM Axis-REIT quarterly performance improves

Axis Real Estate Investment Trust (Axis-REIT), which saw an improvement of about 25% in its bottom line for the first half of financial year 2024 (1H24), is confident of maintaining its current performance through the rest of its financial year ending Dec 31, 2024 (FY24).
tag stockAXREIT -1.6%,
7:02 AM DPS in Melaka agro-tourism joint venture

DPS Resources Bhd’s wholly-owned subsidiary DPS Energy Sdn Bhd has entered into a joint-venture agreement with Mutiara Mahajuta Sdn Bhd for the development of a 170-acre land in Alor Gajah, Melaka.
tag stockDPS -0.8%,
7:02 AM Bursa Malaysia likely to post robust 2Q net profit

RHB Research expects Bursa Malaysia Bhd to post robust net profit of between RM75mil and RM85mil for the second quarter of 2024 (2Q24), underpinned by strong performance of the securities and derivatives markets.
tag stockBURSA -0.6%,
7:02 AM Uzma secures RM19mil oil and gas contract

Uzma Bhd’s foreign subsidiary, MMSVS Group Holding Co Ltd Thailand, has accepted a contract award from PTTEP Energy Development Co Ltd to undertake the infill well preparation operations for up to six of PTTEP’s offshore platforms in the Gulf of Thailand.
tag stockUZMA -2.7%,
7:02 AM Glove sector still facing tough environment

A tough operating environment is expected to persist for the glove sector over the immediate term given the still weak earnings in the first quarter of 2024, according to Kenanga Research.
7:02 AM Five scenarios that may happen from Trump 2.0

With the US presidential election looming just four months away, global markets are on edge, anticipating potential outcomes.
7:02 AM CelcomDigi network upgrade at 75% by year-end

CelcomDigi Bhd has completed its upgrade in Penang and surpassed the halfway point countrywide, putting it ahead of schedule in building Malaysia’s leading digital network.
tag stockCDB +0.3%,
7:02 AM Passenger traffic numbers to lift MAHB prospects

The business and leisure air travel sector is expected to continue recovering, lifting Malaysia Airports Holdings Bhd’s (MAHB) passenger traffic numbers in the financial year ending Dec 31, 2024 (FY24).
tag stockAIRPORT +1.1%,
7:02 AM Advancecon indirect unit gets mining job

Advancecon Holdings Bhd’s indirect subsidiary, Spring Energy Sdn Bhd, has been awarded a mining services contract by Imerys Minerals Malaysia Sdn Bhd for the latter’s quarry site at Gunung Terundum, Johor.
tag stockADVCON -1.8%,
7:02 AM JCorp profit up 9% to RM2.4bil on higher revenue

Johor Corp (JCorp) saw its gross profit increase by 9% to RM2.4bil for the financial year 2023 (FY23), with revenue rising 8% to RM6.2bil.
7:02 AM Banks not main beneficiaries of data centre boom

Despite investments in data centres providing a boost to the local economy, the overall banking sector is not poised to be a prime beneficiary of the boom.
7:02 AM Lessons from a global information technology outage

If you’re a child of the ’90s like I am, you’ll remember all the doomsday prophecies and collective anxiety surrounding the year 2000.
7:02 AM Varia bags RM555mil sewage project

Varia Bhd’s wholly-owned subsidiary Teguh Maju Sdn Bhd has secured a contract from Best Metro Builder Sdn Bhd for the supply of labour, materials and equipment for the upgrading works of the sewage treatment plant in Mak Mandin and constructing a sewerage pipeline in the Butterworth North catchment area in Pulau Pinang.
tag stockVARIA -3.0%,
7:02 AM Stable outlook for ringgit

A revamp in the fuel subsidy policy for RON95 petrol can lead to bigger gains for the ringgit in the foreign-exchange (forex) markets, says HSBC Global Research’s head of Asia forex research Joey Chew.
7:02 AM T7 Global wins PETRONAS Carigali job

T7 Global Bhd’s wholly-owned subsidiary, Tanjung Offshore Services Sdn Bhd, has received a letter of award from PETRONAS Carigali Sdn Bhd (PCSB) for the provision of a low-cost jack-up drilling rig for the PETRONAS Carigali Plug and Abandonment Programme.
tag stockT7GLOBAL 0%,
7:01 AM Best for Mexico to boost chip production

Mexico must ramp up investment in the semiconductor industry in the next two years in order to avoid losing ground to competitor countries, with guarantees needed that companies will have sufficient water and energy, says a top US aid official in Mexico.
7:01 AM Dark fleet caper exposes risks around crowded Malacca Strait

A collision that set two vessels ablaze off Singapore has underlined the growing risks around the crowded Strait of Malacca, as the dark fleet expands and lacklustre Chinese demand leaves dozens of the tankers idling.
7:01 AM Apex plans to enhance its institutional offerings

Apex Equity Holdings Bhd is looking to diversify its brokerage income streams by enhancing its institutional offerings, according to TA Research.
tag stockAPEX 0%,
7:01 AM Export sales to support Pantech 1Q earnings

Higher export sales and the recent rally in nickel prices may lead to Pantech Group Holdings Bhd reporting stronger year-on-year earnings in the first quarter of financial year 2025 (1Q25) by the end of the month.
tag stockPANTECH -2.7%,
7:01 AM Grab acquires restaurant reservation platform Chope

Ride-hailing company Grab has acquired restaurant reservation platform Chope.
7:01 AM Economy to get greater financial policy support

China cut key interest rate benchmarks, demonstrating policymakers’ strong commitment to strengthening macroeconomic policy support and putting into effect the measures outlined last week at a key meeting of the central leadership of the Communist Party of China, say economists and analysts.
7:01 AM Monetary policy likely to be unchanged

Singapore’s central bank is widely expected to keep monetary policy unchanged this week and hold off easing settings amid lingering risks to the inflation outlook caused by geopolitical tensions.
7:01 AM Push for green products in construction

Speeding up the use of certain types of construction materials will bring many benefits, including reducing carbon dioxide emissions and loss of agricultural land while taking advantage of industrial waste during production, says Phan Huu Duy Quoc, deputy secretary-general of the Vietnam Concrete Association.
7:01 AM Allianz offer for Income sparks public concerns

Allianz’s plans to buy a majority stake in Income Insurance have sparked concerns among some Singaporeans over their health insurance plans tied to Income, despite the German insurer’s assurances that there will be no change to national insurance programmes.
7:01 AM ‘Multi-year upcycle set in motion’

Property has been one of the outperforming sectors and stocks within the circle are still attracting investor interest year-to-date.
7:01 AM Sarawak Petchem plant to make M’sia major player

The commissioning of Sarawak Petchem Sdn Bhd’s methanol plant in Bintulu, Sarawak, will provide the impetus for Malaysia to emerge as a leading methanol producer in the Asia-Pacific.
7:01 AM Porsche lowers outlook, warns of impairments

Porsche lowered its sales forecast for the year and warned of impairments in production spurred by a supply shortage of aluminium alloys impacting various suppliers.
7:01 AM CrowdStrike outage nets short sellers US$978mil

Short sellers piling into bets against CrowdStrike Holdings Inc have been rewarded after a botched software update from the firm sparked a global information technology (IT) outage and sent shares plunging to their worst two-day stretch on record.
7:01 AM Well Chip makes strong debut on Main Market

Johor-based pawnbroker Well Chip Group Bhd’s shares surged 43.48% to RM1.65 with over 758,000 shares changing hands at its listing on the Main Market of Bursa Malaysia.
tag stockWELLCHIP 0%,
7:01 AM Delta Air warns cancellations to stretch for days after IT outage

Delta Air Lines Inc expects to cancel more flights this week as the carrier tries to recover from a crippling technology outage.
7:01 AM T. Rowe Price says blue bonds poised for growth

T. Rowe Price Group Inc is targeting a corner of the sustainable debt market that it sees growing fast over the next decade: blue bonds.
7:01 AM Petros’ new role likely to affect PETRONAS capex

Petroleum Sarawak Bhd (Petros) move to take over the role of sole gas aggregator of Sarawak’s natural gas trading business locally and overseas from Petroliam Nasional Bhd (PETRONAS) may have a significant effect on capital expenditure (capex) spending activity by the latter.
7:01 AM Abax raises exposure to South African equities

Asset manager Abax Investments Ltd has increased exposure to South African equities, encouraged by President Cyril Ramaphosa’s economic reform plans, but warned that investors would want to see results before getting too excited.
7:01 AM Golub leads US$1bil credit deal for TA carveout

Golub Capital led a roughly US$1bil private debt facility to support TA Associates acquisition of Momentive Software, a carveout from Community Brands, according to people with knowledge of the matter.
7:00 AM Overview of data centre boom in Malaysia

Between 2021 and 2023, Malaysia approved a total of RM114.7 billion in investments related to data centres, which constituted most of the country’s digital investments totalling RM144.7 billion, according to Knight Frank Malaysia’s 1H2024 Real Estate Highlights report.
tag stockMAHSING -2.1%, SIME -1.1%, YTLPOWR -1.5%,
6:27 AM China squeezes Taiwan by targeting islands and fishing sites

(July 24): Taiwanese fisherman Chen Zhi-rong says that for decades it was common to sail in waters that skirted the Chinese coastline. Since Beijing seized a boat and its crew for the first time in 17 years for violating a fishing ban — and continues to detain them — all that has changed. ...
6:24 AM World shares edge down, US yields fall as markets eye earnings, economic data

NEW YORK (July 24): Global stocks edged lower after paring early gains while U.S. bond yields dropped on Tuesday as markets awaited economic data and a plethora of corporate earnings, moving past U.S. President Joe Biden's decision to end his reelection bid. Alphabet reported better-tha...
6:20 AM Wall St ends slightly lower with Big Tech earnings on deck

(July 24): Wall Street's main indexes ended slightly lower on Tuesday, having given up meager intraday gains in the final minutes of trading, as investors switched their focus to the latest earnings from Alphabet and Tesla. The duo kicked off results from the so-called Magnificent Seven...
6:16 AM Singapore's GIC posts weakest investment gains in four years

SINGAPORE (July 24): Singapore sovereign wealth fund GIC's main gauge of investment return posted its weakest growth in four years, and said high interest rates, China economic difficulties and geopolitical tension would keep the investment environment challenging. GIC on Wednesday post...
6:13 AM Google parent Alphabet beats quarterly revenue, profit estimates

(July 24): Alphabet beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services. The shares rose about 2%after dipping slightly in after-market trading. They had gained more than 30% this ...
6:11 AM Tesla misses Wall Street targets as price cuts, incentives weigh

(July 24): Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices to revive demand while it increased spending on AI projects. The company said it was on track to ...
6:06 AM US strikes deal with Jasmine Loo to recover US$85 million in funds linked to 1MDB

KUALA LUMPUR (July 24): The US Justice Department has reached a deal the former general counsel of 1Malaysia Development Berhad (1MDB), Jasmine Loo Ai Swan to recover artwork by Pablo Picasso and a financial account in Switzerland traced to funds allegedly embezzled from 1MDB. In a stat...
12:28 AM H'ng Bok San ceases to be substantial shareholder in Sarawak Cable

Tan Sri H'ng Bok San has ceased to be a substantial shareholder in Sarawak Cable Bhd (KL:SCABLE) after the disposal of shares by the H'ng family-controlled HNG Capital Sdn Bhd.
tag stockSCABLE +5.3%,
12:20 AM 上升股:高伟科技 上探RM2.58
12:20 AM 投贸部:吸引外资战略潜力 国内直接投资绩效指标
12:20 AM 热门股:森那美产业 阻力RM1.77
tag stockSIMEPROP -1.2%,
12:20 AM IJM上挑RM4/刘礼誉
tag stockIJM -2.2%,
12:20 AM 智库:吉打丹州包尾 雪登财政预算最透明
12:20 AM 建筑业应停缴人资发展基金 空调冷藏协会:加重负担
12:20 AM 东尼冀开更多国际线 亚航重返梳邦机场
tag stockCAPITALA -1.2%,
12:20 AM 力争10年内进口减半 原产部重启废置橡胶园
12:20 AM 陆兆福:微软大当机 乘客可向航委会投诉
12:20 AM 下跌股:杜甫科技 RM2.15支撑
tag stockDUFU -2.5%,
12:00 AM 投资人等谷歌特斯拉财报 美股开盘持平
Tue, 23 Jul 2024
11:40 PM IOI Properties, Tropicana, YTL Cement, Axis REIT, GHL Systems, Uzma, Advancecon, T7 Global, Varia, Well Chip

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.
tag stockIOIPG -4.8%, TROP -3.5%, YTL 0%, AXREIT -1.6%, GHLSYS +0.9%, UZMA -2.7%, ADVCON -1.8%, T7GLOBAL 0%, VARIA -3.0%, WELLCHIP 0%,
11:22 PM 财政部:5年内财政更稳健 放眼国债减至60%
11:07 PM 美国做好准备打贸易战?/Project Syndicate
10:40 PM 【独家】中商强势入场 大马应整装待发迎战
10:25 PM Nasdaq, S&P rise as spotlight turns on tech results; UPS plunges

US stocks were flat to higher on Tuesday as investors awaited Alphabet and Tesla earnings later in the day to gauge if the recent market rally has momentum to spare, while United Parcel Service and NXP Semiconductors plummeted after poor results.
10:13 PM US spot ether ETFs make market debut in another win for crypto industry

The first US exchange-traded funds (ETFs) tied to the price of ether, the world's second-largest cryptocurrency after bitcoin, began trading on Tuesday, in another watershed event for the crypto industry's push to go mainstream.
10:10 PM 【视频】王宁炎:抓住短视频营销风口 掌握流量密码才是王道
10:04 PM US existing home sales slump in June; median price hits record high

US existing home sales fell more than expected in June as the median house price set another record high, but improving supply and declining mortgage rates offered hope that activity could rebound in the months ahead.
9:33 PM YTL Corp unit inks agreement to acquire shares in NSL for RM792.32mil

KUALA LUMPUR: YTL Corporation Bhd’s (YTL Corp) subsidiary, YTL Cement Bhd, has entered into a conditional sale and purchase agreement (SPA) with 98 Holdings Pte Ltd for the proposed acquisition of shares in NSL Ltd for S$227.61 million (about RM792.32 million) in cash.
tag stockYTL 0%,
9:26 PM YTL Corp inks deal to acquire Singapore’s NSL Ltd for RM792.3m

YTL Corporation Bhd’s (KL:YTL) subsidiary, YTL Cement Bhd, has entered into a conditional sale and purchase agreement (SPA) with 98 Holdings Pte Ltd for the proposed acquisition of shares in NSL Ltd for S$227.61 million (about RM792.32 million) in cash.
tag stockYTL 0%,
9:18 PM NXP heads for biggest slide in four years on weak outlook

NXP Semiconductors NV shares are on track to fall the most in four years, after its third-quarter guidance disappointed investors.
9:03 PM RHB IB expects Bursa Malaysia to post robust 2Q earnings

KUALA LUMPUR (July 23): RHB Investment Bank Bhd (RHB IB) foresees that Bursa Malaysia Bhd (KL:BURSA) could post a robust net profit of between RM75 million to RM85 million for its second quarter of financial year 2024 (2QFY2024) ended June 30, underpinned by robust securities and derivatives market performances.
tag stockBURSA -0.6%,
9:02 PM 空置率亚太区最严重 吉隆坡办公楼租金最低
8:58 PM Coca-Cola lifts annual forecasts as price hikes fail to dampen soda demand

Coca-Cola raised its annual sales and profit forecasts on Tuesday, as a round of price increases failed to deter consumers mainly in international markets from spending more on the beverage giant's sodas, energy drinks and juices.
8:50 PM 4Fingers ex-staff awarded RM309,000 for unjust dismissal

The Industrial Court has ordered the operator of the 4Fingers Crispy Chicken restaurant chain to pay RM309,00 in compensation to a former manager for dismissing him without just cause during the Covid-19 lockdown period.
8:48 PM Some investors demand change at LVMH after probe into Dior contractors

Europe's top asset manager Amundi and other LVMH investors want the US$370 billion (RM1.73 trillion) luxury behemoth controlled by billionaire Bernard Arnault to take more aggressive steps to monitor its suppliers' treatment of workers after Italian prosecutors disclosed alleged sweatshop-like conditions at subcontractors for high-end brand Dior, three investors told Reuters.
8:46 PM Some investors demand change at LVMH after probe into Dior contractors

LONDON/PARIS: Europe's top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth controlled by billionaire Bernard Arnault to take more aggressive steps to monitor its suppliers' treatment of workers after Italian prosecutors disclosed alleged sweatshop-like conditions at subcontractors for high-end brand Dior, three investors told Reuters.
8:41 PM Mida: Sarawak Petchem’s RM7b complex to reinforce country’s status as top methanol producer in Apac

KUALA LUMPUR (July 23): The establishment of Sarawak Petchem Sdn Bhd’s RM7 billion methanol complex is a defining milestone in helping establish Malaysia as a leading methanol producer in the Asia-Pacific (Apac) region, says Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
8:31 PM 第二财长:落实针对性补贴首月 边境柴油销量跌半
8:28 PM 'BIizmatch Mega PKNS' Platform for entrepreneurs to expand business networks

The Selangor State Development Corporation (PKNS) has organised the Bizmatch Mega PKNS: Himpunan Usahawan Selangor 2024 programme, a platform for entrepreneurs to enhance their business networks.
8:28 PM EU wind industry warns Germany over large Chinese turbine deal

Europe’s wind industry warned Germany that a deal for 16 Chinese offshore wind turbines risks fostering unfair competition for local suppliers and poses a threat to the region’s energy security. Earlier this month, German asset manager Luxcara GmbH agreed that Ming Yang Smart Energy Group Ltd would supply the turbines — the biggest model on the market — for its 270-megawatt Waterkant project in the North Sea, due to be installed in 2028.
8:27 PM Korea’s OCI said to be weighing RM1.5b IPO for Malaysian unit

OCI Holdings Co is considering listing its Malaysian polysilicon unit on the Kuala Lumpur stock exchange to raise as much as RM1.5 billion, according to people familiar with the matter.
8:24 PM 为数据中心热潮投支持票 马银行:牛市才在半路
8:20 PM IOI置业重磅交易 6.8亿购丽阳名捷购物广场

(吉隆坡23日讯)IOI置业集团(IOIPG,5249,主板产业股)宣布,斥资6亿8000万令吉收购丽阳名捷购物广场(T...
tag stockIOIPG -4.8%,
8:05 PM IOI置业出价6.8亿 购Tropicana Gardens Mall
tag stockIOIPG -4.8%, TROP -3.5%,
8:05 PM GHL's shares set to be suspended as NTT Data Japan's takeover offer closes

GHL Systems Bhd (KL:GHLSYS) said trading in its shares is set to be suspended next week after NTT Data Japan Corp secured 98.8% of GHL's shares at the close of the Japanese group's takeover offer for the payments services provider.
tag stockGHLSYS +0.9%,
8:02 PM 【南视界】跟人谈生意 绝不能说出口的一句话
8:02 PM Malaysia's economic growth at high side of 5.0% in 2024 — Manulife IM

Malaysia's economic growth will be on the high side of 5.0%, driven by a number of government initiatives and in line with the growth trajectory of other Asean countries, said Manulife Investment Management (Manulife IM) today.
7:58 PM Tropicana to sell Tropicana Gardens Mall to IOI Properties for RM680mil

KUALA LUMPUR: Tropicana Corp Bhd has signed a sale and purchase agreement (SPA) with IOI Mall Damansara Sdn Bhd (IOI MD) for the sale of Tropicana Gardens Mall (TGM) for RM680mil.
tag stockTROP -3.5%, IOIPG -4.8%,
7:56 PM 次季净赚3895万 AXIS产托派息2.25仙
tag stockAXREIT -1.6%,
7:53 PM IOI Properties buys Tropicana Gardens Mall for RM680 mil

KUALA LUMPUR (July 23): Tropicana Indah Sdn Bhd (TISB), an indirect 70%-owned subsidiary of Tropicana Corp Bhd (KL:TROP), has sold the Tropicana Gardens Mall to IOI Properties Group Bhd (KL:IOIPG) for RM680 million.  In a statement, Tropicana said TISB had inked a sale and purchase...
tag stockIOIPG -4.8%, TROP -3.5%,
7:42 PM General Motors tops 2Q profit estimates, raises forecast on truck demand

General Motors Co’s profit surged 60% from a year ago, easily beating Wall Street’s expectations on strong demand for gas-powered trucks in the US. The automaker earned US$3.06 (RM14.33) a share on an adjusted basis in the second quarter (2Q), up from US$1.91 a year ago, according to a statement on Tuesday.
7:42 PM Malaysia’s fiscal deficit target of 4.3% seen achievable even without petrol subsidy cuts in 2024 — Maybank IB

KUALA LUMPUR (July 23): Malaysia’s budget deficit target of 4.3% for 2024 could still be achievable, even if subsidy rationalisation for RON95 petrol is postponed to next year, according to Maybank Investment Bank (Maybank IB) chief economist Suhaimi Ilias.
7:37 PM Axis REIT records higher 2Q net profit of RM38.95mil

KUALA LUMPUR: Axis Real Estate Investment Trust (REIT) recorded a higher net profit of RM38.95 million in the second quarter ended June 30, 2024 (2Q) compared with RM34.72 million in the same period last year.
tag stockAXREIT -1.6%,
7:34 PM Coca-Cola raises annual sales, profit forecasts on steady demand

Coca-Cola raised its annual organic sales and profit forecasts on Tuesday, signalling consumers are willing to spend more for the beverage giant's higher-priced sodas, energy drinks and juices mainly in international markets.
7:18 PM Ringgit stays higher against greenback ahead of Malaysia's CPI data

KUALA LUMPUR: The ringgit ended higher against the US dollar today on renewed buying interest ahead of Malaysia’s consumer price index (CPI) report, said an analyst.
7:15 PM Whatsapp, Telegram operators must be more responsible in addressing online misconduct — Fahmi

Operators of Telegram and WhatsApp need to be more responsible in ensuring that no criminal misconduct is committed on the platforms, says Communications Minister Fahmi Fadzil.
7:15 PM 上月宣布拟大马生产重稀土 莱纳斯末季营收跌13%!

(堪培拉23日讯)由于平均售价走低,澳洲莱纳斯公司 (Lynas Rare Earths)2024财政年末季(截至6月3...
7:02 PM 马股恢复元气 RCE资本送红股猛涨22仙

(吉隆坡23日讯)马股今日重整旗鼓,努力“爬回”1630点关口。富时综合指数收市报1629.68点,全天升7.61点或0...
tag stockRCECAP -0.6%,
6:56 PM Axis REIT's NPI up 12.9%, declares 2.25 sen income distribution

Axis Real Estate Investment Trust's (KL:AXREIT) (Axis REIT) second quarter net property income (NPI) increased 12.86% to RM65.95 million from RM58.44 million a year ago, on the back of higher revenue.
tag stockAXREIT -1.6%,
6:44 PM GE aerospace profit soars on surging demand for engines

General Electric Co reported a jump in second-quarter profit and raised its guidance for the year as the newly independent jet-engine manufacturer capitalised on strong demand during the busy summer travel season.
6:36 PM TikTok targets Spain, Ireland to revive Europe e-commerce push

(July 23): TikTok is planning to launch its in-app shopping platform in Spain and Ireland as early as October, restarting a stalled campaign to expand its fastest-growing business in Europe.
6:34 PM Uzma secures RM19 mil contract for infill well preparation services in Thailand

Uzma Bhd (KL:UZMA) said on Tuesday that its Thai unit has secured a RM19 million contract to provide infill well preparation services for offshore platforms.
tag stockUZMA -2.7%,
6:33 PM Tesla stages US$386b comeback as Musk elevates AI over EVs

This year has been a testament to Elon Musk’s ability to lead Tesla Inc’s shares into and out of trouble.
6:29 PM 【财经最热NOW】7月23日|KKV背后的引进者 是Mr DIY!
tag stockMRDIY -0.5%,
6:28 PM Spotify slightly misses revenue prediction, falls short of user growth target

LONDON (July 23): Spotify reported quarterly results broadly in line with analyst expectations on Tuesday, but failed to meet its own target for user growth. The Swedish audio-streaming giant sought to reduce costs through layoffs and cuts to its marketing budget last year, while trying...
6:25 PM UPS quarterly profit falls on high labour costs, weak small-package demand

United Parcel Service reported a decline in second-quarter earnings on Tuesday after subdued package delivery demand and higher costs from its Teamsters labour contract squeezed profits.
6:22 PM World’s largest recruiter says clients don’t have enough confidence to hire

Randstad NV, the world’s largest recruiter, says continued macroeconomic uncertainty has resulted in businesses not having enough confidence to make big decisions around investments and hiring.
6:22 PM Gardenia Bakeries JV-owner QAF expects improved 1H earnings

SINGAPORE (July 23): QAF Ltd said it expects to see a better set of earnings for its 1HFY2024 period ended June 30.
6:22 PM Etiqa Group appoints Fauziah Hisham as first woman chairperson

KUALA LUMPUR: Etiqa Group has appointed Fauziah Hisham as its new chairperson, effective July 1, 2024, making her the first woman chairperson of the insurance group.
6:18 PM DPS enters JV for agro-tourism and RE development in Melaka

KUALA LUMPUR: DPS Resources Bhd’s wholly-owned subsidiary DPS Energy Sdn Bhd (DPSE) has entered into a joint venture agreement (JVA) with Mutiara Mahajuta Sdn Bhd for the development of a 170-acre land in Alor Gajah, Melaka.
tag stockDPS -0.8%,
6:07 PM Varia接5.55亿污水处理合约
tag stockVARIA -3.0%,
6:05 PM FBM KLCI up 0.47% to 1629.68 on July 23, 2024

KUALA LUMPUR (July 23): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday:
6:04 PM Visi Media’s lenders say judge accepted US$560 mil debt claims

A group of PT Visi Media Asia’s creditors said it convinced a judge in Jakarta to fully accept its US$560 million (RM2.62 billion) debt claims, allowing it to participate in the company’s restructuring and potentially recover some of what its members are owed.
6:04 PM AR-REIT’s NAV falls to RM1.266 after revaluation of assets

KUALA LUMPUR: Amanahraya Real Estate Investment Trust (AR-REIT) carried out a revaluation on 12 of its investment properties resulting in a lower net asset value (NAV) per share of RM1.266 as at Dec 31, 2023.
tag stockARREIT 0%,
6:04 PM 第3家上市当铺登场 大元集团溢价49.57%

(吉隆坡23日讯)柔佛典当公司——大元集团(WELLCHIP,5325,主板金融股)今日在大马交易所主板挂牌,闭市收报1...
tag stockWELLCHIP 0%,
6:03 PM 柔佛机构去年盈利增9%
5:54 PM Pfizer invests US$743 mil to expand facility in Singapore

Pfizer Inc has invested S$1 billion (US$743 million or RM3.48 billion) to expand its automated active pharmaceutical ingredient manufacturing facility in Singapore. The pharma giant seeks to create over 250 new highly skilled jobs, adding to the existing workforce of several hundred staff in the city-state, the company said in a statement on the Singapore Economic Development Board website on Tuesday.
5:52 PM Uzma’s Thai subsidiary secures RM19mil contract with PTTEP

PETALING JAYA: Uzma Bhd’s foreign subsidiary, MMSVS Group Holding Co Ltd Thailand, has accepted a contract award from PTTEP Energy Development Co Ltd to undertake the infill well preparation operations for up to six of PTTEP’s offshore platforms in the Gulf of Thailand.
tag stockUZMA -2.7%,
5:50 PM 【行家论股】Farm Fresh 进军巧克力麦芽饮料
tag stockFFB 0%,
5:50 PM 【行家论股】RCE资本 派红股提高流动性
tag stockRCECAP -0.6%,
5:50 PM 【行家论股】鼎峰 多元化营收来源
tag stockAPEX 0%,
5:36 PM CelcomDigi’s network modernisation surpasses 50%, set to reach 75% by end 2024

PETALING JAYA: CelcomDigi Bhd has completed its upgrades in Penang and surpassed the halfway point countrywide, putting it ahead of schedule in building Malaysia’s leading digital network.
tag stockCDB +0.3%,
5:34 PM Macron's political gamble casts shadow over Paris Olympics

French President Emmanuel Macron hoped the Paris Olympics would cement his legacy. But a failed bet on a snap legislative election has left him politically stunted, casting a lingering shadow over Macron's moment on the international stage.
5:33 PM Harris hits trail having to make her own how-to-beat-Trump case

US Vice-president Kamala Harris will launch her nascent presidential campaign in earnest Tuesday with a rally in Milwaukee seeking to answer the biggest question on skittish Democrats’ minds: How does she plan to beat Donald Trump?
5:33 PM Two dozen patients are worth billions in pharma’s hottest market

The 25 people in Roche Holding AG’s obesity pill study would barely be enough to field both sides of a football match. Yet their weight loss added US$16.8 billion (RM78.51 billion) to the Swiss drugmaker’s market value in a day, only the latest in a series of big share moves based on success in tiny trials.
5:28 PM 全球首家 台湾证交所获ISO碳中和证书

(台北23日讯)台湾证券交易所于今日(23日)宣布,经过英国标准协会(BSI)的严谨评估与审核程序,成功通过ISO 14...
5:21 PM China rate cuts usher in next stimulus stage

For investors pondering how China's Third Plenum could revive the economy, the central bank has set the tone for what's to come. On Monday morning, the People's Bank of China unexpectedly cut key lending rates, underscoring Beijing's urgency to speed up reforms. More policies from other government ministries will follow.
5:20 PM FBM KLCI rebounds on bargain hunting; Well Chip soars 50% on debut

KUALA LUMPUR: The FBM KLCI rebounded on Tuesday as investors' risk appetite improved following yesterday’s selldown amid weak Asian markets.
5:18 PM Bosch to buy JCI air-conditioning assets in US$8b deal

Robert Bosch GmbH plans to buy Johnson Controls International plc’s heating and ventilation assets for US$8 billion (RM37.38 billion), as the German company diversifies its portfolio away from automotive supplies.
5:15 PM Nik Nazmi: Emerging tech vital in country's bid to realise energy transition goals

Emerging technologies such as electric vehicles and renewable energy solutions play pivotal roles in the realisation of goals delineated in the National Energy Transition Roadmap (NETR).
5:15 PM 锺睒睒财富蒸发605亿 中国首富或换人?

(上海23日讯)随著竞争加剧,加上中国网民“爱国出征”,中国首富、知名饮用水和饮料公司农夫山泉创办人锺睒睒今年至今资产已...
5:14 PM 盟汇集团获A级执照 电子钱包有新功能

(吉隆坡23日讯)盟汇集团(MPAY,0156,创业板)宣布,旗下子公司--ManagePay服务公司(MPSB)获得国...
tag stockMPAY 0%,
5:12 PM Airbus forced to turn down some orders as backlog stretches out

Airbus SE has had to turn down some aircraft orders because of its huge backlog, highlighting the mismatch between the continued strong demand from airlines and manufacturers struggling to produce their planes fast enough.
5:11 PM 马股一度攀升随后收窄 综指闭市跌7.61点
5:10 PM Bursa Malaysia set to auction first locally-generated carbon credits

Bursa Malaysia Bhd’s Bursa Carbon Exchange (BCX) is set to auction the first carbon credits generated from a Malaysian project on 25 July 2024.  The Kuamut Rainforest Conservation Project is led by Permian Global, a company that moves private-sector carbon finance into projects that protect and restore threatened tropical forests in Malaysia, Indonesia and Brazil.
tag stockBURSA -0.6%,
5:07 PM Apple and Micron leaders visit China as US ramps up chip curbs

Apple Inc chief operating officer Jeff Williams and Micron Technology Inc president Sanjay Mehrotra made a low-profile trip to Beijing to meet with senior Chinese officials, as the US is again mulling stricter tech curbs against China.
4:59 PM China firms issue record $14 bln convertible bonds as market revives

SYDNEY (July 23): China's top companies have raised a record $14 billion in offshore convertible bonds so far this year as they diversify future funding needs while interest rates stay high. Offshore convertible bonds from mainland China accounted for 22% of global deals, LSEG data...
4:52 PM Multi-year property upcycle now in motion — HLIB

KUALA LUMPUR (July 23): A multi-year property upcycle has been set in motion, driven by the rise in industrial developments, providing developers with a new growth avenue and alleviating pressure on residential developments, said Hong Leong Investment Bank Bhd (HLIB).
tag stockIOIPG -4.8%, OSK 0%, SIMEPROP -1.2%, SUNWAY 0%,
4:51 PM KKR in exclusive talks with Italy’s Eni to buy Enilive stake

Italian energy major Eni SpA signed a temporary exclusivity agreement with KKR & Co to sell a stake in its Enilive unit, potentially worth more than €3 billion (US$3.3 billion or RM15.4 billion).
4:50 PM China's loan collateral tweak will ease 'asset famine', state media says

China's central bank's decision to lower the collateral requirement for medium-term loans will alleviate the "asset famine" pressure on the bond market, state media reported on Tuesday, citing a source.
4:49 PM Julius Baer picks Goldman Sachs veteran Bollinger as new CEO

Julius Baer Group Ltd has hired Stefan Bollinger to be its next chief executive officer, a relatively unknown pick to lead the Swiss wealth manager as it seeks to draw a line under last year’s Signa real estate scandal.
4:48 PM MRB urged to develop consolidation programme for abandoned rubber plantations

KUALA LUMPUR: The Ministry of Plantation and Commodities has urged the Malaysian Rubber Board (MRB) to formulate a consolidation programme to develop abandoned rubber plantations to reduce the nation’s dependency on rubber imports.
4:47 PM Toyota buying back US$5.2b in shares from banks, insurers

Toyota Motor Corp will buy back ¥806.8 billion (US$5.2 billion or RM24.3 billion) worth of its stock from major Japanese banks and insurers as part of a broader push to unwind strategic shareholdings with financial partners.
4:45 PM Goldman Sachs buys Australia logistics properties to beef up real estate portfolio

Goldman Sachs Group's alternative investments platform said on Tuesday it bought seven logistics-focused properties across Australia to scale up its real estate portfolio.
4:44 PM Nippon Steel to dissolve JV with China's Baoshan, Nikkei reports

Nippon Steel will dissolve its joint venture (JV) with China's Baoshan Iron & Steel, slashing the Japanese company's steel production capacity in China by 70%, the Nikkei business daily reported on Tuesday.
4:38 PM Oil steadies, weighed down by predicted surplus amid weak demand

SINGAPORE: Oil prices steadied on Tuesday after falling for the past two sessions, as investors remained cautious amid expectations of plentiful supplies and weak demand, while brushing off the U.S. presidential campaign upheaval.
4:37 PM 数据中心科技不足 汇丰泼冷水:大马难享AI红利
4:29 PM KFC杯葛潮还未结束 柔佛机构去年净利已减半!

(吉隆坡23日讯)由于全马肯德基(KFC)生意大不如前,柔佛机构(JCorp)2023财政年(12月31日结账)全年净利...
4:26 PM India to hike capital gains tax in setback for stock market boom

India proposed to raise taxes on capital gains from equity investments and the levy on stock derivatives trades in a bid to douse the speculative fervor in the country’s US$5 trillion (RM23.42 trillion) stock market.
4:20 PM 避免卷入总统大选 美联储今年或按兵不动
4:20 PM 日元兑欧元创新低 花旗:央行或将干预
4:20 PM 多头头寸创纪录 英镑涨势面临风险
4:17 PM Singapore seen keeping monetary policy unchanged amid inflation risks

SINGAPORE: Singapore's central bank is widely expected to keep monetary policy unchanged this week and hold off easing settings amid lingering risks to the inflation outlook caused by geopolitical tensions.
4:02 PM Founder of South Korea's Kakao arrested for suspected stock manipulation

SEOUL: South Korean authorities arrested Kim Beom-su, the billionaire founder of tech giant Kakao Corp on Tuesday, on accusations of manipulating stocks during the acquisition of a K-Pop agency last year.
4:00 PM Retailers may achieve higher sales, but not necessarily better margins

RETAILERS are still forecasting growth in sales this year, albeit at a slower pace than initially projected. However, they expect margins to be hit by reduced purchasing power and the higher cost of doing business. In addition, any boost to retail sales from higher foreign tourist arriv...
3:52 PM AirAsia expands operations to Subang Airport, fly to Borneo starting Aug 30

SUBANG: AirAsia has expanded its operations in Malaysia to the Sultan Abdul Aziz Shah Airport (Subang Airport) with two domestic destinations namely Kuching, Sarawak and Kota Kinabalu, Sabah starting from Aug 30, 2024.
tag stockCAPITALA -1.2%,
3:39 PM 鸣锣上市主板 大元集团一度飙52%
3:35 PM HSBC forecasts Malaysia's 2024 GDP at 4.5%

KUALA LUMPUR: HSBC has forecast Malaysia’s gross domestic product (GDP) growth at 4.5 per cent for 2024, slightly above consensus with an upside risk.
3:29 PM Selangor, Terengganu most transparent with state budget, study shows

Selangor and Terengganu are the most transparent states with their budgets in Malaysia, according to a study by the Institute for Democracy and Economic Affairs (Ideas).
3:24 PM Improving carbon markets can help finance large-scale climate action; rejecting them outright means potential is lost

KUALA LUMPUR (July 23): Supporters of forest-based carbon markets will point to the continual improvements made to methodologies as science advances, the increasing use of precision technologies to monitor impacts, and the opportunity they provide for transfering climate finance from the global north to the global south, as among reasons to use high quality credits as one of a package of tools to drive climate, biodiversity and local community gains.
3:19 PM 与美禄Vico等品牌“掰手腕” Farm Fresh打响巧克力饮料争霸战!

(吉隆坡23日讯)农鲜公司(FFB,5306,主板消费股)推出自家品牌的巧克力麦芽饮料,瞄准大马总值10亿令吉的巧克力饮...
tag stockFFB 0%,
3:17 PM Sarawak Petchem's RM7bil complex to reinforce Malaysia's status as top methanol producer in Asia-Pacific

KUALA LUMPUR: The establishment of Sarawak Petchem Sdn Bhd's RM7 billion methanol complex is a defining milestone in helping to establish Malaysia as a leading methanol producer in the Asia-Pacific region, says Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
3:13 PM HSBC maintains 4.5% forecast for Malaysia’s economic growth, sees upside risk

HSBC Global Research has maintained its gross domestic product (GDP) growth projection of 4.5% for Malaysia, though it sees potential upside risk from the influx of foreign investment and recovery in trade in the second half of this year (2H2024).
3:00 PM Thailand plans to regulate cannabis through bill, minister says

Thailand will seek to regulate its fast-growing cannabis industry through legislation, potentially shelving a plan to reverse the country’s landmark cannabis decriminalisation policy following opposition from within the ruling coalition.
3:00 PM Supercomnet looks for another shot in the arm in medical segment

SIX years after it took over its associate Supercomal Medical Products Sdn Bhd (SMP), Kedah-based cable and device manufacturer Supercomnet Technologies Bhd (KL:SCOMNET) is ready to hit the acquisition trail again. According to executive director Lim Eng Chuan, the group is close to acq...
tag stockSCOMNET 0%,
2:56 PM JCorp's FY23 profit rises 9% to RM2.4bil

KUALA LUMPUR: Johor Corporation (JCorp) saw its gross profit increase by 9% to RM2.4bil for the fiscal year ending 2023 (FY23), with revenue rising 8% to RM6.2bil.
2:53 PM GreenRE launches new certification criteria for existing non-residential buildings

Green building certification body GreenRE on Tuesday launched a new line of certification criteria for existing non-residential buildings across the country, such as hotels, offices, malls, schools and healthcare facilities.
2:50 PM 狮城6月核心通胀降至2.9% 打破连续三个月“平台期”

(新加坡23日讯)新加坡6月整体通胀率下降至2.4%,而核心通胀率打破连续三个月的“平台期”,下降至2.9 %。 新加坡...
2:48 PM Modi pledges US$24 bil for jobs, financial aid for allies

Prime Minister Narendra Modi pledged 2 trillion rupees (RM111.79 billion) to boost jobs and improve education in India, and increased spending for new allies in his coalition government.
2:46 PM “目标是上市” 网安公司Wiz拒谷歌收购
2:33 PM MISC to deliver 43% gain in net profit for 2QFY2024 — AmInvestment

KUALA LUMPUR (July 23): MISC Bhd (KL:MISC) is expected to deliver a 43% year-on-year rise in core net profit for the second quarter of its financial year 2024, amid modest improvement in charter rates and a rebound at its marine and heavy engineering business.
tag stockMISC +0.6%,
2:31 PM Advancecon bags mining services job from Imerys Minerals in Johor

Advancecon Holdings Bhd (KL:ADVCON) has inked a mining services agreement with Imerys Minerals Malaysia Sdn Bhd. In a bourse filing on Tuesday, the company said its 51% indirect subsidiary Spring Energy Sdn Bhd will provide a wide range of mining services, which include quarry development and maintenance, drilling and blasting, marble handling and processing, waste management, and environmental protection measures, at the quarry site at Gunung Terundum in Johor.
tag stockADVCON -1.8%,
2:30 PM 郭氏双雄竞逐狮城黄金地段 糖王出价更高
2:30 PM Market-oriented measures underlined for realty sector

THE Chinese real estate market is now grappling with a complex set of challenges as it navigates an environment characterized by an oversupply of properties relative to demand. While the issue of unsold homes has received significant attention, effective utilization of idle land resources is of equal importance, analysts said.
2:30 PM Brokers Digest: Local Equities - D&O Green Technologies Bhd, MI Technovation Bhd, ECA Integrated Solution Bhd, Glomac Bhd

D&O Green Technologies Bhd Target price: RM4.80 BUY
tag stockD&O +0.6%, MI -2.1%, ECA -3.5%, GLOMAC -3.4%,
2:17 PM Funding Societies has disbursed more than RM300 mil in Islamic business financing

Funding Societies Malaysia said it has successfully disbursed RM300 million in Islamic business financing to more than 2,500 micro, small, and medium enterprises (MSMEs) since launching its comprehensive suite of Islamic products in June 2023.
2:17 PM Chip stocks rebound ahead of megacap earnings

SINGAPORE: Asia's stock markets steadied on Tuesday as semiconductor shares bounced back to break an expensive losing streak, while a bleak demand outlook from China dragged down commodity prices and investors turned their attention to U.S. earnings and data.
2:12 PM 猫猫股Kucingko首季净赚176万
2:03 PM Singapore-based Golden Energy Group inks US$600m private loan for coal mine

(July 23): A consortium led by Golden Energy and Resources Pte Ltd has signed a deal for a US$600 million loan from private credit funds, including Davidson Kempner Capital Management LP, to pay for its acquisition of an Australian coal mine, according to people familiar with the matter.
2:00 PM Buzz over likely applicants for digital insurance licences

FINTECH (financial technology) and insurtech (insurance technology) firms, as well as a few established digital insurers in the region, are seen as the likely applicants for a digital insurance or takaful operator licence in Malaysia, experts say. Applicants may include PolicyStreet (an...
2:00 PM Insider Moves: Siab Holdings Bhd, HB Global Ltd, Yong Tai Bhd, RHB Bank Bhd, CTOS Digital Bhd

Notable filings From July 1 to 5, notable filings at Bursa Malaysia-listed companies included those of Siab Holdings Bhd (KL:SIAB), which saw a 12.85% equity block change hands. According to stock exchange filings, Wong Yih Ming, Chu Yee Hong and Yap Kek Siu...
tag stockSIAB 0%, HBGLOB -3.7%, YONGTAI -1.7%, RHBBANK +0.4%, CTOS -0.7%,
1:54 PM 精致生活零售店KKV 原来是Mr. DIY引进
tag stockMRDIY -0.5%,
1:44 PM Singapore core inflation slows below 3% for first time since 2022

(July 23): Singapore’s core inflation decelerated more than expected in June, allowing the central bank room to focus on shielding the trade-reliant economy from global shocks.
1:43 PM T7 Global gets LOA from Petronas Carigali to provide jack-up drilling rig

T7 Global Bhd (KL:T7GLOBAL) has received a letter of award (LOA) from Petronas Carigali Sdn Bhd to provide a low-cost jack-up drilling rig.
tag stockT7GLOBAL 0%,
1:42 PM 需求已降温 保时捷放弃电动车目标
1:39 PM T7 Global unit receives award from PETRONAS Carigali

KUALA LUMJPUR: T7 Global Bhd's wholly-owned subsidiary tanjung Offshore Services Sdn Bhd has secured a contract from PETRONAS Carigali Sdn Bhd (PCSB) for the provision of low-cost jack-up drilling rig for the PETRONAS Carigali plug and abandonment programme.
tag stockT7GLOBAL 0%,
1:36 PM Philippine property stocks tumble in online casino ban fallout

Philippine President Ferdinand Marcos Jr’s order to ban online casinos targeting Chinese bettors triggered a slump in property stocks on Tuesday, as the shutdown could render many office spaces vacant.
1:34 PM Global IT outage: Fernandes wants compensation for AirAsia from relevant parties

Relevant parties should have offered AirAsia Group compensation following the global information technology (IT) outage, said Capital A Bhd chief executive officer Tan Sri Tony Fernandes.
tag stockCAPITALA -1.2%, AAX +2.1%,
1:32 PM 电动车需求疲软 德国零件供应商破产暴增六成

(柏林23日讯)受到欧美电动车需求疲软冲击,德国汽车零件供应商陷入困境。根据顾问公司Falkensteg最新数据显示,2...
1:27 PM 郭鹤年与郭令明“交锋”   高价竞标新加坡黄金地皮!

(吉隆坡、新加坡23日讯)据《福布斯》报导,大马首富郭鹤年旗下的长春产业(Allgreen Properties),以7...
1:25 PM Price crashes in Egypt against conventional economic wisdom

Under Cairo’s baking summer sun, a forecourt of heavily discounted new Toyotas showcases a surprising side-effect of March’s dramatic currency devaluation: prices for big-ticket items are tumbling.
1:21 PM Woodside looks to build ‘dream team of LNG’ at acquired US plant

(July 23): Woodside Energy Group Ltd is searching for partners for its just-purchased US liquefied natural gas (LNG) project, in a bid to finally launch the troubled development.
1:21 PM 遭3大巨头夹击 Hitachi退出“家用空调”市场

(东京23日讯)日本电机大厂日立制作所(Hitachi)传规划退出家用空调市场,专攻商用空调领域,日立与美国大厂JCI的...
1:19 PM Varia unit bags RM555mil contract for sewage project in Pulau Pinang

KUALA LUMPUR: Varia Bhd's wholly-owned subsidiary Teguh Maju Sdn Bhd has secured a contract from Best Metro Builder Sdn Bhd for the supply of labour, materials and equipment for the upgrading works of the sewage treatment plant in Mak Mandin and constructing a sewerage pipeline in the Butterworth North catchment area in Pulau Pinang.
tag stockVARIA -3.0%,
1:14 PM 特朗普希望美元走软? 华尔街:你当选美元更强
1:13 PM Grab buys Singapore’s Chope to add dining reservation service

(July 23): Ride-hailing and delivery provider Grab Holdings Ltd acquired Singapore restaurant reservation app Chope for an undisclosed sum, expanding its services as competition over users intensifies.
1:08 PM Varia bags subcontract worth RM555m for sewerage plant job in Penang

Varia Bhd (KL:VARIA), formerly known as Stella Holdings Bhd, has accepted a letter of award (LOA) as a subcontractor for a job worth RM555 million.
tag stockVARIA -3.0%,
1:08 PM Advancecon's indirect subsidiary secures contract for mining works

KUALA LUMPUR: Advancecon Bhd's indirect 51%-owned subsidiary Spring Energy Sdn Bhd has entered into a mining services agreement with Imerys Minerals Malaysia Sdn Bhd to carry out mining works at Gunung Terundum in the Simpang Pulai/Keramat Pulai area.
tag stockADVCON -1.8%,
1:00 PM Genting Plantations’ Jakarta land acquisition positive for property development, says CGS International

CGS International maintained its 'add' rating for Genting Plantations Bhd (KL:GENP) at RM5.88, with an unchanged target price of RM6.62, saying Genting Plantations' plan to acquire some 152 hectares of land in Indonesia is positive for the group, as it expands its footprint in the property development business in the republic.
tag stockGENP -0.5%,
12:59 PM FBM KLCI rebound picks up speed

KUALA LUMPUR: The FBM KLCI bounced back strongly, regaining more than half the losses made in the previous day's sell-off.
12:58 PM Dark fleet caper exposes risks around crowded Malacca Strait

(July 23): A collision that set two vessels ablaze off Singapore has underlined the growing risks around the crowded Strait of Malacca, as the dark fleet expands and lackluster Chinese demand leaves dozens of the tankers idling.
12:43 PM 马币行情(23/07/2024)
12:41 PM 马股重挫中反弹 综指休市收1630.53点
12:36 PM Crowdstrike股价再度暴跌   全球技术故障影响续发酵

(纽约23日讯)周一(22日),网络安全公司CrowdStrike股价跌超13%,触及6个多月来的低点,延续了此前的跌势...
12:32 PM Grab buys Singapore’s Chope to add dining reservation service

Ride-hailing and delivery provider Grab Holdings Ltd acquired Singapore restaurant reservation app Chope for an undisclosed sum, expanding its services as competition over users intensifies.
12:31 PM What are Harris' business views? Friendly to Big Tech, aggressive in climate fight

US Vice President Kamala Harris is poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some key business topics.
12:06 PM CrowdStrike两日暴跌23% 空头狂赚46亿
12:05 PM RCE Capital shares rise, on course for best day in over six years

Shares in RCE Capital Bhd (KL:RCECAP) surged on Tuesday, and were on course for their biggest single-day gain in more than six years, following a proposed one-for-one bonus share issue.
tag stockRCECAP -0.6%,
12:04 PM 大宕机代价惨重!全球蒙受超46亿损失 微软“甩锅”欧盟

(纽约23日讯)专家估计微软(Microsoft)系统上周五(19日)的大当机造成超过10亿美元的损失(约46亿7846...
12:03 PM Kakao billionaire arrested in K-pop market manipulation case

South Korean authorities have arrested Kakao Corp founder Brian Kim over allegations of market manipulation, making the Internet entrepreneur the most prominent business figure in the country in years to wind up in jail.
12:03 PM 韩国成“超商王国”! 门市比全球麦当劳还多

(首尔23日讯)根据韩国便利商店产业协会的数据,截至2023年底,韩国国内已拥有超过5万5200间便利商店,等同于每95...
11:58 AM 国际油价创1个月新低 纽约期油跌破80美元大关

(纽约23日讯)投资者不再聚焦美国总统拜登退出总统大选,转而关注疲软的基本面,国际油价周一(22日)下跌,至1个多月新低...
11:53 AM 全球职场拥抱AI 员工担心未来10年工作不保

(波士顿23日讯)波士顿顾问公司(BCG)最新研究显示,全球员工对于AI和生成式AI的看法正在发生重大转变,在保持谨慎乐...
11:52 AM 身家贬值600亿 钟睒睒中国首富地位岌岌可危
11:42 AM Global efforts to curb financial risks outside banks are losing momentum, FSB warns

(July 22): Global efforts to tame ballooning risks outside the banking system are losing steam, the Financial Stability Board said on Monday, with a top official warning it will take longer than expected to get a full picture of vulnerabilities at hedge funds, private credit firms and other ...
11:33 AM SoftBank’s chief pitches a new path for self-driving cars

Masayoshi Son has long prided himself on his ability to detect big shifts in technology early on. During his four decades leading SoftBank, a free-spending Japanese investment group, the billionaire has made some spectacularly successful investments. And some epic flops.
11:25 AM Robert Kuok’s Allgreen Properties submits top bid for prime site near Singapore’s Orchard Road — Forbes

KUALA LUMPUR (July 23): Billionaire Robert Kuok-controlled developer Allgreen Properties Ltd has submitted the top bid for a prime residential site near Singapore’s Orchard Road shopping precinct, as the developer expands its portfolio in the city-state, despite softening housing demand.
11:23 AM Tesla margins likely dipped in Q2; robotaxi, AI ventures in focus

(July 22): Tesla's second-quarter margin hit a more than five-year low, the electric vehicle maker is likely to report on Tuesday, and its CEO Elon Musk is expected to double down on the company's robotaxi plans and AI products. Discounts to clear inventory, price cuts and inc...
11:17 AM Cyber firm Wiz rejects Alphabet’s US$23 billion offer, seeks IPO

(July 23): The cybersecurity startup Wiz Inc. has turned down a takeover bid of as much as US$23 billion from Alphabet Inc. and will instead stick to its plan for an initial public offering. “Saying no to such humbling offers is tough, but with our exceptional team, I feel confident in ...
11:13 AM JCorp’s FY2023 profit up 9% to RM2.4b on revenue of RM6.2b

KUALA LUMPUR (July 23): Johor Corporation (JCorp) posted a 9% growth in gross profit of RM2.4 billion on the back of an 8% rise in revenue to RM6.2 billion for the fiscal year ended 2023 (FY2023).
11:12 AM China’s richest man risks losing crown after US$13b wipeout

China’s richest man is at risk of losing the pole position he has held for almost three years, with his wealth slipping the most among billionaires worldwide, as intensifying competition and public relations challenges plague his bottled water giant.
11:07 AM As rates fall, European banks can still rise

LONDON (July 22): The bosses of Europe’s biggest banks are asking investors to believe two seemingly contradictory things: that while their earnings benefitted from rate hikes, rate cuts could be good for them too. It’s less implausible than it sounds. Lenders like HSBC a...
10:52 AM Firefly launches jet ops with flights to Penang, Kota Kinabalu

Firefly, a subsidiary of Malaysia Aviation Group, announced the launch of its jet operations at the Sultan Abdul Aziz Shah Airport (SZB) in Subang, with flights to Penang and to Kota Kinabalu.
10:45 AM Four years after pandemic shock, UK household saving stays high

A jump in British household saving since the Covid-19 pandemic appears here to stay and cannot be fully explained by higher interest rates or unemployment fears, according to the country's statistics agency.
10:41 AM Govt committed to reducing debt-to-GDP ratio to 60% within five years — Treasury sec-gen

KUALA LUMPUR (July 23): In line with the Public Finance and Fiscal Responsibility Act, the government is committed to reducing its borrowings in terms of the debt-to-gross domestic product (GDP) ratio to 60% within a five-year timeframe, from the current 64%, to ensure a stronger and more sustainable fiscal position for the nation, said Treasury secretary general Datuk Johan Mahmood Merican.
10:38 AM Jaecoo launches J7 SUV with prices starting from RM138,800

Chinese vehicle manufacturer Chery's Jaecoo has launched its J7 sport utility vehicle (SUV), with a price tag starting from RM138,800. The company said the J7 All-Wheel Drive (AWD) variant is priced at RM148,800, while the Two-Wheel Drive variant is priced at RM138,800.
10:22 AM Global IaaS public cloud services revenue up 16.2% in 2023, says Gartner

The global infrastructure-as-a-service (IaaS) market grew 16.2% in 2023 to total US$140 billion (RM654.92 billion), up from US$120 billion in 2022, according to Gartner Inc.
10:07 AM Phillip Capital expects stronger 1Q for Pantech, raises target price to RM1.42

Phillip Capital has maintained its 'buy' rating for Pantech Group Holdings Bhd (KL:PANTECH) at RM1.09, with a higher target price of RM1.42 (from RM1.35), and said it expects the company to report stronger earnings year-on-year for the first quarter ended May 31, 2024 (1QFY2025), with a core net profit forecast of RM24 million to RM27 million.
tag stockPANTECH -2.7%,
9:45 AM Tough operating environment to persist for glove sector, says Kenanga

Kenanga Research has maintained its 'underweight' rating for the Malaysian glove sector, and expects the tough operating environment to persist over the immediate term.
tag stockHARTA -0.9%, KOSSAN -1.2%, TOPGLOV -1.7%, SUPERMX 0%,
9:38 AM Well Chip shares surge 43% in Main Market debut after RM172.5m IPO

Shares in Well Chip Group Bhd (KL:WELLCHIP) surged 43% in their Tuesday trading debut on the Main Market, after the Johor-based pawnbroker raised RM172.5 million from its initial public offering (IPO).
tag stockWELLCHIP 0%,
9:36 AM 多美子公司获准转板 YX贵金属开市小涨

(吉隆坡23日讯)受到隔夜美股3大指数上涨带动下,亚洲早盘股市纷纷走高。综指跟随大市上涨,截至上午9时10分报1629....
tag stockYXPM -1.8%,
9:34 AM Ringgit opens higher against US$, major currencies

KUALA LUMPUR: The ringgit opened higher against the US dollar and a basket of other major currencies as market participants awaited Malaysia’s inflation announcement, said an analyst.
9:32 AM Trading in Well Chip shares commences with 50% jump

KUALA LUMPUR: Successful applicants to Well Chip Group Bhd's initial public offering (IPO) had reason to celebrate as shares in the Johor-based pawnbroker surged over 50% in their trading debut on Bursa Malaysia's Main Market.
tag stockWELLCHIP 0%,
9:30 AM Jho Low must forfeit mom’s trio of ‘flawless’ diamonds

Low Taek Jho or Jho Low, the alleged mastermind of the looting of 1Malaysia Development Bhd (1MDB), was ordered to forfeit a trio of “flawless” diamonds he bought for his mother that were from the jeweller who has designed for celebrities like Beyonce and Adele.
9:10 AM Bursa Malaysia rebounds as investors find their footing

KUALA LUMPUR: The hunt for bargains has commenced following yesterday's sharp slump in equities prices that erased two weeks of gains on the benchmark FBM KLCI.
9:01 AM 【股势先机】牛市该有的心态/陈泽荃
8:55 AM SC adds nine entities to Investor Alert List, five being potential clones

The Securities Commission Malaysia (SC) has updated its Investor Alert List.
8:00 AM Trading ideas: MAHB, RCE, Crescendo, Eversendai, Grance Central, Protasco, YX, Managepay

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia
tag stockAIRPORT +1.1%, RCECAP -0.6%, CRESNDO 0%, SENDAI +2.4%, GCE 0%, PRTASCO -4.1%, YXPM -1.8%, MPAY 0%,
8:00 AM Petros one step closer to controlling Sarawak gas trade

Petroleum Sarawak Bhd, the state-owned oil and gas company also known as Petros, has signed gas sale agreements (GSAs) with Sarawak Petchem Sdn Bhd and Sarawak Energy Bhd to kick off its role as Sarawak's sole gas aggregator to buy and sell all natural gas in the state.
7:57 AM Oil drops as investors look past Biden exit, focus on weak fundamentals

NEW YORK: Oil prices fell for a second consecutive session on Monday to their lowest level in over a month, as investors looked past U.S. President Joe Biden's decision to end his reelection bid and focused on rising stockpiles and signs of weak demand.
7:56 AM Wall St closes higher as investors return to megacap stocks

WALL Street's three benchmarks ended higher on Monday as investors returned to megacap growth stocks, helping both the S&P 500 and Nasdaq Composite recover from their worst weekly performance since April.
7:17 AM China EV firms to defend their rights in EU

BRUSSELS: China’s electric vehicle (EV) industry has asked the European Commission (EC) to correct its mistakes in its investigations into Chinese EVs, according to an industrial body representing the Chinese BEV makers.
7:17 AM Mixed reaction from investors to Biden exit

NEW YORK: Markets already had plenty to deal with as summer kicked into full gear, from assessing the Federal Reserve’s (Fed) rate cut path to the heart of earnings season. But 2024’s presidential race keeps crowding into the headlines.
7:17 AM Geopolitics on top of wealth funds’ worry list

LONDON: Geopolitical rivalries, including brewing trade battles between the United States and China, now top inflation as the biggest worry for sovereign wealth funds and central banks managing some US$22 trillion in assets, an Invesco survey shows.
7:17 AM Boeing driving ‘change’ that may take years

CHICAGO: Boeing Co is intent on driving “transformational change” into its factories and culture based on feedback from customers, regulators and to a large part employees, the head of the planemaker’s commercial aircraft business says.
7:17 AM Indian fund expects budget to equip central bank with liquidity tool

MUMBAI: India’s federal budget should arm the central bank with a time-tested tool to deal with a potential surge in bond flows on the nation’s entry into a key global index, according to the country’s largest asset manager.
7:17 AM Downshifting US inflation will help reassure the Fed on cuts

WASHINGTON: The runway towards a Federal Reserve (Fed) interest rate cut will come more into focus amid fresh signs US inflation is abating and economic activity is simmering down.
7:17 AM FBM KLCI down 14 points on weak sentiment

KUALA LUMPUR: More than 1,000 counters on Bursa Malaysia were down yesterday, reflecting the weak market sentiment.
7:17 AM Suzuki expects India’s automobile market to expand five-fold by 2047

NEW DELHI: India’s car market is on track to reach 20 million units by 2047, helped by promising growth in battery electric vehicles (EVs), says Suzuki Motor Corp executive vice-president Kenichi Ayukawa.
7:17 AM PBoC cuts key policy rate to buoy economy

SHANGHAI: The People’s Bank of China (PBoC) has cut a key short-term policy rate for the first time in almost a year, stepping up support for the economy after growth disappointed and steering a shift towards a new policy benchmark.
7:17 AM Singapore’s ‘buy now, pay later’ plans see uplift in sales

SINGAPORE: Merchants in Singapore offering “buy now, pay later” (BNPL) plans are seeing an increase in sales, boosted by providers’ promotions and marketing.
7:17 AM EPIC to expand its solar energy service network

CHUKAI: Eastern Pacific Industrial Corp Bhd (EPIC) plans to expand its service network through its subsidiary EPIC Solar Sdn Bhd (ESSB) in the field of solar energy and green technology in Malaysia.
7:17 AM Protasco falls on disposal of education unit

PETALING JAYA: Shares of Protasco Bhd fell 2.78% to 35 sen, after the company announced it was disposing of its university unit Ikram Education for RM30mil.
tag stockPRTASCO -4.1%,
7:17 AM MPay gets nod for money services licence

KUALA LUMPUR: Managepay Systems Bhd’s (MPay) wholly-owned subsidiary, ManagePay Services Sdn Bhd (MPSB), has received approval from Bank Negara for Class A Licence to operate money services, including money exchange and issuing multi-currency prepaid cards and wallets.
tag stockMPAY 0%,
7:17 AM Ringgit higher on expectations of Fed rate cut

KUALA LUMPUR: The ringgit rose marginally against the greenback at the closing yesterday as the US Dollar Index declined due to expectations of a US Federal Reserve (Fed) rate cut.
7:17 AM Secret bank ratings show US regulator’s concern on handling risk

NEW YORK: A key US regulator has privately found half of the major banks it oversees have an inadequate grasp of a broad swath of potential risks from cyber attacks to employee blunders, according to people familiar with the matter.
7:17 AM IRB: Comply with e-invoicing timeline

KUALA LUMPUR: The rollout of e-invoicing for the first category of taxpayers with a turnover of more than RM100mil by August remains in force despite calls for a delay, according to Datuk Dr Abu Tariq Jamaluddin, chief executive officer of the Inland Revenue Board (IRB).
7:17 AM YX gets aye for Main Market transfer

KUALA LUMPUR: YX Precious Metals Bhd has secured approval from the Securities Commission (SC) for the transfer of its listing to the Main Market of Bursa Malaysia from the ACE Market.
tag stockYXPM -1.8%,
7:17 AM BWYS Group makes strong market debut

KUALA LUMPUR: BWYS Group Bhd expects the positive outlook of the construction sector to continue driving its growth prospects.
tag stockBWYS +1.5%,
7:17 AM Woodside to buy Tellurian in US$900mil deal

SYDNEY: Woodside Energy Group Ltd has agreed to buy troubled US liquefied natural gas (LNG) export project developer Tellurian Inc for about US$900mil in a bet on rapid growth in global demand for the fuel.
7:17 AM Future-proofing talent in the financial sector

KUALA LUMPUR: With Malaysia’s workforce undergoing a huge transformation from the emergence of job roles that were non-existent 10 years ago, the Future Skills Framework (FSF) is expected to act as a central reference on how to bridge the skills gap in the financial sector.
tag stockMAYBANK +0.2%,
7:17 AM SC warns public about deepfake investment scams

PETALING JAYA: The Securities Commission (SC) has cautioned the public on investment scam tactics using deepfakes created through artificial intelligence (AI) to mimic prominent people and names of reputable companies.
7:17 AM SunCon’s order book hits RM7.2bil with new project

Kuala LUMPUR: Sunway Construction Group Bhd’s (SunCon) joint venture with Engie Services Malaysia Sdn Bhd to work on a data centre project is expected to help position the company favourably for more sophisticated projects in the future.
tag stockSUNCON -1.8%,
7:17 AM Eversendai in Abu Dhabi tie-up for Saudi project

PETALING JAYA: Eversendai Corp Bhd is partnering Emirates Steel, a unit of Abu Dhabi’s Emirates Steel Arkan Group, to construct the Neom Trojena Ski Village in Saudi Arabia.
tag stockSENDAI +2.4%,
7:17 AM U Mobile plans over RM2.3bil IPO in 2025

SINGAPORE: Malaysian mobile data service company U Mobile is planning a domestic initial public offering (IPO) that is expected to raise more than RM2.3bil as early as the first half of 2025, say sources.
7:17 AM BWYS GROUP FUELS EXPANSION AS CONSTRUCTION SECTOR REBOUNDS

PETALING JAYA: When Covid-19 hit, many companies that were poised to go public and list on stock exchanges found themselves compelled to delay their initial public offering (IPO) plans due to the unprecedented economic uncertainty.
tag stockBWYS +1.5%,
7:17 AM S’pore dollar has reason to win Asia’s best-performing currency crown

SINGAPORE: The odds are growing for the Singapore dollar to be Asia’s best-performing currency for a third straight year, as the central bank looks set to keep using a firm exchange rate to combat inflation.
7:17 AM Upstream O&G firms favourable

PETALING JAYA: Premised on expectation that oil prices are likely to remain stable, RHB Research favours oil and gas (O&G) companies with exposure to upstream and those that have international diversification.
tag stockDIALOG -0.4%, DAYANG +0.3%,
7:17 AM China economy at high quality stage of growth

BEIJING: Johnson Controls is bullish about China’s economic outlook and the company sees a number of growth opportunities, including green development and advanced manufacturing, arising from the country’s pursuit of new quality productive forces, says the US-based smart building solutions provider.
7:17 AM GCEB to be taken private and delisted

KUALA LUMPUR: The majority shareholders of hotel operator Grand Central Enterprises Bhd (GCEB) have proposed to take the company private and delist it from the Main Market of Bursa Malaysia for 46 sen per share.
tag stockGCE 0%,
7:17 AM Robust GDP growth for Malaysia on track

PETALING JAYA: The stronger-than-expected advance gross domestic product (GDP) numbers for the second quarter imply upside potential to the 2024 growth forecasts for Malaysia.
7:17 AM NCT Group to focus on developing industrial parks

PETALING JAYA: NCT Group of Companies will continue focusing on its industrial park development segment, motivated by opportunities and demands presented.
7:17 AM Improving tourist arrivals a boon for gaming sector

PETALING JAYA: The gaming sector is poised for a robust recovery in the second half of 2024 (2H24), driven by increased tourist arrivals and regulatory developments, says Hong Leong Investment Bank Research (HLIB Research).
tag stockGENTING -1.1%, GENM -0.4%, SPTOTO 0%,
7:17 AM LPI Capital poised for new phase of growth

PETALING JAYA: General insurance players, including LPI Capital Bhd, are expected to benefit from significant opportunities on the back of growing infrastructure and renewable-energy (RE) projects.
tag stockLPI +0.2%,
7:17 AM MAHB bolsters traffic by 40% with six extra airlines

KUALA LUMPUR: Malaysia Airports Group’s local airport network saw a 40% year-on-year increase in international traffic in the first half of 2024 (1H24), fuelled by the addition of six new airlines.
tag stockAIRPORT +1.1%,
7:17 AM Genting Plantations’ gearing level manageable

PETALING JAYA: Genting Plantations Bhd is expected to see an increase in gearing due to its expansion into property development in Jakarta, Indonesia, but analysts remain unconcerned.
tag stockGENP -0.5%,
7:17 AM Well Chip eyes expansion of pawn shops after listing

PETALING JAYA: Well Chip Group Bhd, which is slated for listing on the Main Market today, is expected to ride strong growth in the pawnbroking industry that will fuel its earnings and expansion plans.
7:01 AM Next-generation US jet fighter programme may get hit by budget woes

THE US Air Force’s ambitious next-generation fighter jet programme, envisioned as a revolutionary leap in technology, could become less ambitious as budget pressure, competing priorities and changing goals compel a rethink, defence officials and industry executives say.
7:01 AM Don’t let Trump benefit from Biden’s economy

IMAGINE you could put the Covid-19 pandemic, Russia’s invasion of Ukraine and the various other tumults of the last half decade out of your head and just focus on the past year.
7:01 AM Harris unflinching in her stance against oil pollution

WASHINGTON: As California attorney general, Kamala Harris brought lawsuits against fossil fuel companies, prosecuted a pipeline company over an oil leak and investigated Exxon Mobil Corp for misleading the public about climate change.
7:01 AM Consumer lending faces challenges

HANOI: The development of consumer lending is still facing many challenges as many consumer debts have become bad debts.
6:56 AM Google scraps plan to remove cookies from Chrome

(July 23): Google is planning to keep third-party cookies in its Chrome browser, it said on Monday, after years of pledging to phase out the tiny packets of code meant to track users on the internet. The major reversal follows concerns from advertisers - the company's biggest source of ...
6:47 AM Delta warns cancellations to stretch for days after outage

(July 23): Delta Air Lines Inc. expects to cancel more flights this week as the carrier tries to recover from a crippling technology outage. The airline grounded nearly 900 flights as of Monday afternoon, bringing its total since Friday’s meltdown to almost 4,700. Delta said it was work...
6:41 AM Wall St closes higher as investors return to megacap stocks

(July 23): Wall Street's three benchmarks ended higher on Monday as investors returned to megacap growth stocks, helping both the S&P 500 and Nasdaq Composite recover from their worst weekly performance since April. The Dow Jones Industrial Average was also back in positive territor...
6:37 AM World shares steady as Biden exits White House race

LONDON/NEW YORK (July 23): An index of global shares steadied on Monday as investors weighed President Joe Biden's decision to end his reelection bid over the weekend, while a surprise rate cut by China's central bank failed to boost Asian markets. Biden announced on Sunday he would dro...
6:33 AM UK Conservative Party to announce new leader on Nov. 2

LONDON (July 23): Britain's Conservative Party said on Monday it will name its new leader on Nov. 2, following the party's worst-ever election performance this month that prompted former Prime Minister Rishi Sunak to say he would stand down. Sunak will remain acting leader until the app...
6:31 AM US congressional panel calls on CrowdStrike CEO to testify on outage

WASHINGTON (July 23): The U.S. House of Representatives Homeland Security Committee has sent a letter to CrowdStrike CEO George Kurtz asking him to testify on last week's global tech outage. WHY IT'S IMPORTANT CrowdStrike's glitchy update to its security software crashed compu...
6:28 AM South Korean court approves arrest warrant for Kakao founder

SEOUL (July 23): A South Korean court approved early on Tuesday a prosecution request for a warrant to arrest Brian Kim, the billionaire founder of tech giant Kakao Corp, on accusations of stock manipulation during a 2023 acquisition. It is the latest legal twist for Kakao after the com...
12:19 AM 摩洛哥风格洋房 Setia推出Carabella
tag stockSPSETIA -1.2%,
12:19 AM 梁耀雯:彭受欢迎景点之一 云顶游客量激增逾15%
12:19 AM 黄守群:传统咖啡店价格大众化 暂未讨论“少糖减价”运动
12:19 AM 分析:年杪失业率料降 就业市场保持强劲
12:19 AM 第二财长:10亿初创资金 组合型基金料10月完成
12:19 AM 率团参观SkyAwani 3 中国部长赞建筑具特色
tag stockSKYWLD -0.8%,
12:19 AM 下跌股:大马糖厂 RM1.86支撑
tag stockMSM -3.3%,
12:19 AM 上升股:海德 上探RM2.72
tag stockHTPADU -3.0%,
12:19 AM 热门股:DS Sigma控股 阻力51仙
tag stockDSS -7.1%,
12:00 AM 拜登退选 纳指早盘狂飙200点

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