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Blog Headlines

Sat, 19 Sep 2020
12:15 AM Amanah Harta PNB, Icon Offshore, Sapura Energy, Ta Win, Scientex and Berjaya
Fri, 18 Sep 2020
11:36 PM COVID-19: Kedah MB undergoes swab test, result expected tomorrow
11:31 PM Malaysia's medical glove makers struggle to meet demand due to labour shortage
11:25 PM Call for wage subsidy programme to be extended till end of this year
11:23 PM HWGB Biotech enters into COVID-19 vaccine R&D agreements
10:26 PM NUTP proposes utility allowance for civil servants in Budget 2021
10:11 PM UOB Malaysia to open branches in upcoming weekends to help customers who need...
9:37 PM PNB to take Amanah Harta Tanah private at RM1 per unit
9:18 PM Icon’s Bruneian unit clinches chartering contract
9:17 PM EVENING 5: Five things you need to know today
8:44 PM DFIs ready to help entrepreneurs when loan moratorium period ends — ADFIM
8:27 PM Ministry of Health says COVID-19 quarantine bracelets come in five colours
8:17 PM Ant Group wins Shanghai OK for launch of giant dual IPO

HONG KONG (Reuters) - China's Ant Group has received approval from the Shanghai Stock Exchange for a domestic initial public offering, the bourse said on Friday, bringing the financial technology firm closer to a dual-listing expected to be worth up to US$30 billion.
8:17 PM Collaboration with TM to be growth catalyst for AppAsia — Rakuten
tag stockAPPASIA -11.0%,
8:09 PM Sapura Energy expects to remain profitable despite oil market uncertainties

KUALA LUMPUR: Sapura Energy Bhd posted its second straight quarterly net profit on improved operating metrics from its Engineering & Construction (E&C) division.
tag stockSAPNRG -4.2%,
7:54 PM MARGMA warns of scammers, laments shortage of workers and materials
7:46 PM Agrobank to hold open days to assist customers on financing repayments
7:32 PM Sapura Energy posts second consecutive quarterly net profit with RM23.7m for...
tag stockSAPNRG -4.2%,
7:31 PM Zulkifli: No official announcement on permission to perform Umrah
7:25 PM CPO futures extend gains to close higher
7:17 PM Ta Win strengthens downstream copper segment

KUALA LUMPUR: Ta Win Holdings Bhd has incorporated Ta Win Copper Biohealth Sdn Bhd (TWCBiohealth) as part of its long-term strategy to explore the downstream copper segment.
tag stockTAWIN -3.6%,
7:11 PM Malaysia's new Covid-19 cases climb to 95, with first new death in 16 days...
7:08 PM Ta Win sets up healthcare arm to explore downstream copper segment
tag stockTAWIN -3.6%,
6:26 PM RHB launches digital forex service for corporate and SME customers
tag stockRHBBANK +0.9%,
6:25 PM RON95, RON97 down three sen, diesel down five sen
6:17 PM PNB offers to delist REIT arm AHTP

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has proposed to buyout other unitholders in its real estate investment trust (REIT) and delist the counter from the stock exchange.
tag stockAHP 0%,
6:01 PM Public Bank, Maybank drag KLCI into the red

KUALA LUMPUR: Late selling of Public Bank and Maybank pushed the FBM KLCI deeper into the red on Friday but Top Glove and Hartalega helped reduce the losses.
5:50 PM Vincent Tan: Berjaya Corp has no interest in Sea Gamer Mall 
tag stockBJCORP -2.6%,
5:36 PM Fernandes quashes news on AirAsia Japan suspending flights

PETALING JAYA: Airasia Group chief executive officer Tan Sri Tony Fernandes has quashed news that AirAsia Japan is to suspend all flights for most of October.
tag stockAIRASIA -1.5%,
5:17 PM LSE engages Euronext in exclusive Borsa Italiana talks

LONDON: London Stock Exchange entered exclusive talks on Friday to sell Borsa Italiana to Euronext, with the French operator seeing off bids by Deutsche Boerse and Switzerland's Six as it looks to add another bourse to its European network.
5:14 PM Tony Fernandes quashes news on AirAsia Japan suspending flights
tag stockAIRASIA -1.5%,
5:09 PM Ericsson to buy wireless networking firm Cradlepoint in $1.1b deal

STOCKHOLM: Ericsson has agreed to buy U.S.-based wireless networking company Cradlepoint in a $1.1 billion deal, the Swedish telecoms gear maker said on Friday.
5:09 PM Construction sector has lost up to RM11.6b monthly since MCO — MBAM
5:05 PM No need for EMCO in Tawau and Lahad Datu — Ismail Sabri
5:00 PM Early GE15 if GRS wins in Sabah, says PM Muhyiddin
4:46 PM Malaysia's battle against plastic waste spans beaches and city shops
4:44 PM Bank Rakyat's RM10b Sukuk to reduce dependency on corporate depositors

KUALA LUMPUR: Bank Rakyat’s Sukuk Wakalah programme with a nominal value of RM10 billion can reduce the bank’s dependency on corporate depositors while increasing the regulatory ratio for the banking business’ needs.
4:43 PM Scientex proposes bonus shares, free warrants after posting record high FY20...
tag stockSCIENTX +3.6%,
4:39 PM Construction sector lost RM11.6b a month since MCO

BUTTERWORTH: The construction industry in Malaysia has suffered up to RM11.6 billion in losses every month since the nationwide Movement Control Order (MCO) began on March 18.
4:25 PM Public Bank launches PBe QR to ease merchants in getting payments
tag stockPBBANK -3.4%,
4:19 PM 88 illegal immigrants, four skippers, one smuggler held yesterday — Ismail Sabri
4:17 PM Malaysia cuts medical tourism goal on tighter border control

KUALA LUMPUR: Malaysia’s aim to attract medical tourists by focusing on curbing the Covid-19 coronavirus outbreak hit a roadblock as resurgences around the world limited its ability to reopen borders.
4:08 PM Internet access problem on government's radar — Saifuddin Abdullah
4:05 PM Japan econmin vows to prevent return of deflation

TOKYO: Japanese Economy Minister Yasutoshi Nishimura said on Friday that he was determined to prevent the nation from returning to deflation and that he would cooperate with the Bank of Japan on economic management.
4:00 PM Malaysia August 2020 vehicle sales volume up 3% on-year at 52,800 units
3:51 PM Company deputy director is first individual charged under Whistleblower...
3:32 PM Maybank targets 18% SME loans growth, launches SME financing solution with 10-...
tag stockMAYBANK -2.2%,
3:26 PM Scientex's 4Q net profit strengthens to RM142m, posts higher dividend
tag stockSCIENTX +3.6%,
3:13 PM Bullish analysts expect Top Glove net profit to swell above RM10b for FY21,...
tag stockTOPGLOV +2.4%,
3:01 PM MACC fails to stay decision on forfeiture suit against Johor Bahru BN
2:52 PM Court allows Ramasamy's application to amend defence statement in suit by Zakir...
2:46 PM Jaya Tiasa, AbleGroup, Boustead Plantations, Diversified Gateway, Macpie,...
tag stockJTIASA +17.7%, ABLEGRP +20.7%, BPLANT +12.2%, DGSB +2.9%, MACPIE +8.4%, NATWIDE +25.0%, SCOPE +20.0%, THPLANT +11.0%,
2:28 PM Yinson-Sumitomo secures US$400mil bridge financing for FSPO Anna Nery

KUALA LUMPUR: Yinson Holdings Bhd and its project partner, Sumitomo Corporation, have entered into a US$400mil bridge loan financing agreement for the FPSO Anna Nery Project, a floating, production, storage and offloading (FPSO) vessel for the Marlim revitalization project in Brazil.
tag stockYINSON 0%,
2:02 PM Scientex posts record net profit of RM390m for FY20

KUALA LUMPUR: Scientex Bhd posted a record high net profit of RM390.11mil in the financial year ended July 31,2020 underpinned by strong growth in its packaging manufacturing and property development segments.
tag stockSCIENTX +3.6%,
1:31 PM Workers remain in dire straits despite salary increase last year — MTUC
1:18 PM Maybank’s 10-minute loan approval for SMEs

KUALA LUMPUR: Malayan Banking Bhd unveiled its Maybank SME Digital Financing solution where it takes only 10 minutes to approve loans for small and medium sized enterprise (SME) segment.
tag stockMAYBANK -2.2%,
1:07 PM No requirement for roadblocks in Alor Setar city — police
1:05 PM Trading interest in Parkson sustained after settling arbitration dispute in...
tag stockPARKSON -2.7%,
1:02 PM KLCI rebounds but trading sentiment turns cautious

KUALA LUMPUR: The FBM KLCI rebounded on Friday after a sharp sell-off in the previous session as investors rushed to make bargain purchases.
1:02 PM Sabah will get more help if state aligned with federal govt — Muhyiddin
12:55 PM Covid-19 weekly round-up: Sabah clusters hotbed of positive cases
12:53 PM KLCI rises as CPO futures top RM3,000
12:29 PM Public Mutual launches PB Vietnam Global 40 Fund

KUALA LUMPUR: Public Mutual launched PB Vietnam Global 40 Fund (PBVG40F) on Friday which would enable investors tap into long-term growth opportunities in the country and also globally.
12:14 PM Court dismisses Dhaya Maju's bid to stop govt, Wee Ka Siong from axing KVDT2...
12:07 PM CIMB Bank provides RM270m sustainability-linked loan to StarHub

KUALA LUMPUR: CIMB Bank Bhd is providing a RM270mil sustainability-linked term loan to Malaren International Sdn Bhd, a subsidiary of Singapore’s StarHub Group.
tag stockCIMB -0.6%,
12:05 PM RHB Investment Bank projects Top Glove earnings at RM9.46 billion in FY21
tag stockTOPGLOV +2.4%,
11:59 AM Roadblocks loom for best-performing Malaysia bonds
11:43 AM KLCI up, powered by Top Glove, Tenaga
11:24 AM Sabah needs a govt capable of doing more for people — Muhyiddin
11:16 AM Malaysia cuts medical tourism targets as border control tightens
11:08 AM Bank Negara urges financial industry to step up green projects efforts

KUALA LUMPUR: Bank Negara Malaysia urges financial industry players and others from the private sector to play more proactive roles in increasing funding pathways for green and sustainability related projects.
11:03 AM Special portfolio proof of federal govt's commitment on MA63 — Annuar Musa
10:44 AM Ringgit at 7-month high against US$ in early trade

KUALA LUMPUR: The ringgit opened at a seven-month high against the US dollar in early trade today as the weakening greenback spurred demand for emerging currencies and riskier assets, dealers said.
10:37 AM UOB Kay Hian Research upgrades S P Setia to buy

KUALA LUMPUR: UOB Kay Hian Malaysia Research expect earnings recovery for S P Setia to materialise from 2H20 on the back of accelerated progress billings and contribution from overseas projects kicking in in 2021-22.
tag stockSPSETIA +0.7%,
10:17 AM Quick take: Sapura Energy up 4% in active trade

KUALA LUMPUR: Shares of Sapura Energy Bhd rose 4% in early trade Friday after securing RM840mil total contracts.
tag stockSAPNRG -4.2%,
10:07 AM FBM KLCI rebounds after opening lower
9:56 AM Japan, Malaysia sign bilateral swap deal

KUALA LUMPUR: Bank of Japan, acting as agent of the Minister of Finance of Japan, and Bank Negara Malaysia had on Friday signed the second bilateral swap arrangement (BSA).
9:53 AM Ringgit at 7-month high against US dollar in early trade
9:49 AM Japan, Malaysia sign bilateral swap arrangement
9:39 AM Quick take: Top Glove shares up 3% on earnings beat

KUALA LUMPUR: Shares in Top Glove Corp Bhd rose over 3% in early trade Friday after the group beat analyst expectations in its latest quarterly results.
tag stockTOPGLOV +2.4%,
9:32 AM Top Glove, Hartalega lift KLCI in early trade

KUALA LUMPUR: Bursa Malaysia managed to extricate itself from the red in early Friday trade, aided by gains in Top Glove and Hartalega, as investors’ sentiment steadied despite the overnight fall on Wall Street.
9:30 AM CIMB to restructure, make key management changes
tag stockCIMB -0.6%,
9:17 AM Trading ideas: Top Glove, Daibochi, Sapura Energy, Advancecon, UEM Sunrise

KUALA LUMPUR: JF Apex Research expects Top Glove Corp Bhd, Daibochi Bhd, Sapura Energy Bhd, Advancecon Holdings Bhd and UEM Sunrise Bhd to be among the stocks to watch on Friday.
tag stockTOPGLOV +2.4%, DAIBOCI +1.5%, SAPNRG -4.2%, ADVCON +1.3%, UEMS +1.3%,
9:10 AM MIDF raises earnings forecasts on Daibochi

KUALA LUMPUR: MIDF Research is revising higher its earnings estimates for Daibochi Bhd as it takes into account the resilient demand for flexible plastic packaging from the group's customers coupled with the expected increase in production capacity.
tag stockDAIBOCI +1.5%,
9:08 AM Sapura Energy shares up on new contracts, oil price rise
tag stockSAPNRG -4.2%,
8:50 AM Kenanga positive over Sapura Energy contract wins, but remains cautious

KUALA LUMPUR: Kenanga Investment Bank Research remains cautious over Sapura Energy's highly geared balance sheet and earnings delivery despite the group's recent contract wins.
tag stockSAPNRG -4.2%,
8:20 AM High Court to hear suit against govt, Wee Ka Siong to prevent double tracking...
8:17 AM [第一天] 5分钟看懂TOPGLOV(7113) Q4 2020季报 ~ topglove鲜为人知的过去Number of Likes2 likes
tag stockTOPGLOV +2.4%,
7:17 AM Allianz’s premiums to grow with agency sales up

Claims normalisation expected in the second half
tag stockALLIANZ +0.3%,
7:17 AM New major shareholder emerges in MMAG

PETALING JAYA: MMAG Holdings Bhd, which made news recently for its plans to provide an integrated Covid-19 testing system, has a new major shareholder ­— a party connected to Bestinet Sdn Bhd, sources say.
tag stockMMAG -30.0%,
7:17 AM OHB’s RM27m disposal gain

PETALING JAYA: Oriental Holdings Bhd (OHB) is expected to net a gain of RM27mil from the proposed disposal of its entire stake in dormant company Oriental Industries (Wuxi) Co Ltd (OIW) in China.
tag stockORIENT +1.0%,
7:17 AM PGas proposes RM3bil sukuk

KUALA LUMPUR: Petronas Gas Bhd’s (PGas) subsidiary Pengerang LNG (Two) Sdn Bhd (PLNG 2) plans to issue an Islamic medium-term notes (sukuk murabahah) programme of up to RM3bil.
tag stockPETGAS +0.1%,
7:17 AM Straits plans to buy tanker

KUALA LUMPUR: Straits Inter Logistics Bhd subdisiary SMF Eden Maritime Ltd has proposed to acquire an oil tanker from Millenium Satu Ltd for US$4.5mil (RM18.6mil) in cash.
tag stockSTRAITS +6.3%,
7:17 AM Insight - Interest rate cuts are dead. Long live rate cuts

INTEREST rate cuts are becoming passe in important parts of Asia. The main game now is the expansion of monetary policy into arenas once considered off-limits for responsible central banks.
7:17 AM Insight - Small FX moves, but high stakes involved

THE recent obsession with seemingly modest euro exchange-rate gains has more to it than meets the eye.
7:17 AM Sapura bags contracts in South America and Africa

KUALA LUMPUR: Sapura Energy Bhd’s subsidiaries and a joint venture have been awarded contracts and contract extensions worth a combined value of about RM840mil in South America.
tag stockSAPNRG -4.2%,
7:17 AM Daibochi wraps up record RM47.7mil net profit

MELAKA: Daibochi Bhd posted its highest-ever net profit of RM47.7mil for the financial year ended July 31,2020 (FY20) on the back of RM619.3mil in revenue.
tag stockDAIBOCI +1.5%,
7:17 AM Travellers snap up airlines’ scenic ‘flights to nowhere’

SYDNEY: Qantas Airways Ltd said a seven-hour scenic flight over Australia’s Outback and Great Barrier Reef had sold out in 10 minutes, as it joined a growing trend in Asia offering “flights to nowhere” that take off and land at the same airport.
7:17 AM Singapore exports grow faster

August shipments grew at 7.7% but bumpy recovery ahead
7:17 AM The week that was - Bandar Malaysia, ringgit, oil demand, US Fed

THE first development phase of the sprawling RM140bil Bandar Malaysia project (pix) will start early next year, according to its master developer.
7:17 AM Scientex to keep profit margins

PETALING JAYA: Scientex Bhd will be able to maintain its gross profit margins as the group operates on a cost pass-through business model for most of its large clients
tag stockSCIENTX +3.6%,
7:17 AM VentureTECH targets RM100mil investment with JV

KUALA LUMPUR: Government-backed investment company VentureTECH is targeting at least RM100mil of investments with the establishment of a joint-venture company via a partnership with SBI Ventures Malaysia Sdn Bhd, a subsidiary of Japan-based SBI Holdings Inc.
7:17 AM India’s airlines seek US$1.5bil credit line

MUMBAI: Airlines in India are seeking at least US$1.5bil as an interest-free credit line from the government, Civil Aviation Minister Hardeep Singh Puri said, as lockdowns and restrictions linked to the coronavirus pandemic hit demand for air travel.
7:17 AM LG Chem to split off EV battery business

Move in line with company’s plan to list unit
7:17 AM Alibaba unit opens intelligent manufacturing facility

BEIJING: Alibaba Group Holding Ltd unveiled a smart manufacturing and digital solutions factory on Wednesday in Hangzhou, Zhejiang province, as part of its smart manufacturing initiatives.
7:17 AM US retail sales up in August

Fading fiscal stimulus restraining US consumer spending
7:17 AM New Zealand in deepest recession as Q2 GDP shrinks

WELLINGTON: New Zealand fell into its deepest economic slump on record in the second quarter as its battle against the coronavirus pandemic paralysed business activity, official data showed.
7:03 AM Bandar Malaysia – a city of two tales

PETALING JAYA: Bandar Malaysia, slated to be a hub for global multinationals and Fortune 500 companies, has the opportunity to become a game-changer for foreign investors into Malaysia but there will be hurdles in achieving that.
tag stockEKOVEST -2.6%, IWCITY -2.5%,
7:03 AM Fed’s Powell sees a long road to ‘maximum employment’

NEW YORK: The way Federal Reserve chair Jerome Powell sees it, the US labour market has a long way to go to meet the central bank’s maximum employment goal and a lot of boxes to tick along the way.
7:03 AM Top Glove thinks big despite slowing growth of glove prices

PETALING JAYA: The growth rate of average selling prices (ASPs) for gloves is expected to slow in the coming months but that is not going to dissuade Top Glove Holding Bhd from committing RM8bil in capital expenditure for expansion over the next six years.
tag stockTOPGLOV +2.4%,
6:30 AM UPS to offer buyouts to some employees

NEW YORK: United Parcel Service Inc said on Thursday it was offering buyouts to some employees, as Chief Executive Carol Tomé aims to curb costs at the delivery firm.
6:23 AM Oil price rises 2%, reverses loses as OPEC+ addresses market weakness

NEW YORK: Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.
6:19 AM Federal Reserve weighs bank dividends as it prepares second stress test

WASHINGTON: The U.S. Federal Reserve said on Thursday it would decide by the end of September if it would continue capping bank dividend payments and laid out two hypothetical severe recessions it will use to test further big bank resilience amid the coronavirus pandemic.
6:17 AM Wall St falls as tech sells off again, jobless claims still high

NEW YORK: U.S. stocks fell on Thursday as technology-related shares slid for a second day and as government data showed high levels of weekly jobless claims
6:08 AM TikTok May Launch IPO If Oracle Deal OK'd

LOS ANGELES: The complex wrangling over what happens next to TikTok -- which has become a geopolitical football punted around by the Trump administration -- continues apace.
2:32 AM Raub land encroachment: MACC obtains documents from Land, Forestry offices
2:22 AM 5G demonstration project preparation for new technologies — Saifuddin
2:18 AM Sabah biggest beneficiary of JENDELA initiative worth RM2.45 bil — PM
1:51 AM MACC to charge senior official over sacking of whistleblower
1:36 AM RM2.1 bil Prihatin aid disbursed to Sabah, Sarawak — Tengku Zafrul
1:26 AM ASP for nitrile gloves to grow 30% in October and 15% in November, says Top...
tag stockTOPGLOV +2.4%,
1:23 AM UEM Sunrise, Daibochi, Sapura Energy, Petronas Gas, Advancecon, ACO, Top Glove...
tag stockUEMS +1.3%, DAIBOCI +1.5%, SAPNRG -4.2%, PETGAS +0.1%, ADVCON +1.3%, ACO -4.9%, TOPGLOV +2.4%, HUAAN 0%,
1:13 AM Digitally mature SMEs poised to add billions to GDP, says study
1:02 AM Oversea Enterprise MTO gets only 500 shares
tag stockOVERSEA -0.7%,
12:32 AM Syed Hussain elected as new MEF president
12:10 AM EC issues more than 19,000 postal ballots for Sabah polls
12:07 AM PruBSN, ICU JPM extend Microtakaful collaboration involving Sabah, Sarawak
Thu, 17 Sep 2020
11:51 PM MCMC: Malaysia maintains third spot in ASEAN fixed broadband ranking
11:23 PM Two men held in Perak to be extradited to the US over cyber crime — Bukit Aman
11:06 PM Hua-An’s unit inks deal with South African firm for SnappiStore App
tag stockHUAAN 0%,
10:56 PM TOPGLOV(7113)吹水文
tag stockTOPGLOV +2.4%,
10:44 PM Watta takeover offer unsuccessful
10:03 PM Former 1MDB CEO worried over company's high debts, wanted to resign
9:44 PM Top Glove expects to resolve US import ban issue by year end
tag stockTOPGLOV +2.4%,
9:37 PM Rizal says Rosmah asked him to call senior officials about solar hybrid project...
8:15 PM Covid-19: JKR headquarters’ employee tests positive
8:02 PM EVENING 5: Five things you need to know today
7:41 PM Advancecon bags RM29.8m ECRL earthworks subcontract
tag stockADVCON +1.3%,
7:29 PM ACO Group seeks to raise RM23m to partly fund acquisition
7:17 PM Profit-taking pulls Top Glove down 12% from day’s high despite best-ever...
tag stockTOPGLOV +2.4%,
7:02 PM 浅谈 POHUAT(7088)家私股
tag stockPOHUAT +1.4%,
7:02 PM 浅谈云顶大马 GENM 注资的课题
tag stockGENM -0.9%,
6:48 PM Petronas says it has paid Sarawak SST for 2019
6:15 PM Annuar Musa believes Sabah people will vote for change
6:10 PM MACC solicitors looking into US DoJ action in UK that seeks to recover US$300m...
6:02 PM Covid-19: Malaysia reports 21 new cases, one new cluster in Sabah
5:56 PM TNB gains majority control in UK firm Vortex Solar

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has acquired an additional 5% stake in Vortex Solar Investments S.a.r.l, giving the company a majority equity interest in the one of the largest solar platform in the UK.
tag stockTENAGA -1.3%,
5:52 PM Failure to maintain network resilience tops telco risk radar — EY
5:51 PM Top Glove, banks drag KLCI into the red

KUALA LUMPUR: Top Glove and banks dragged the FBM KLCI deeper into the red at the close on Thursday, in line with the weaker key Asian markets as hopes for a US stimulus programme faded after the US Federal Reserve meeting.
5:43 PM Pub, nightclub activities top RMCO violations list — Ismail Sabri
5:38 PM Top Glove eyes Hong Kong listing
tag stockTOPGLOV +2.4%,
5:26 PM Top Gloves mulls Hong Kong listing

PETALING JAYA: The world’s largest glove manufacturer Top Glove Corp Bhd is targeting for a listing on the Hong Kong stock exchange by next year.
tag stockTOPGLOV +2.4%,
5:17 PM Hong Kong shares track broader Asia lower as Fed disappoints

BEIJING/SHANGHAI: Hong Kong shares ended lower on Thursday, tracking weakness in other Asian markets, after the U.S. Federal Reserve pledged to keep interest rate low but stopped short of offering fresh stimulus to boost the world's largest economy.
5:13 PM TNB acquires controlling stake in UK solar assets from Egypt's EFG-Hermes
tag stockTENAGA -1.3%,
5:04 PM FBMKLCI finishes lower in line with regional indices following US Fed decision
5:01 PM Hong Kong's June-August unemployment unchanged at 6.1%

HONG KONG: Hong Kong's seasonally adjusted unemployment rate stood at 6.1% in the June-to-August period, unchanged from the previous three-month rolling period, as government relief measures provided some support to an economy ravaged by the coronavirus and social unrest.
4:58 PM Top Glove loses ground despite record RM1.29 billion quarterly net profit
tag stockTOPGLOV +2.4%,
4:49 PM Maybank holds roadshows, extends operating hours for customers requiring...
tag stockMAYBANK -2.2%,
4:47 PM Muhyiddin: Choose Sabah government that is aligned with federal government
4:34 PM StarHub secures first sustainability-linked loan of RM270m from CIMB
tag stockCIMB -0.6%,
4:22 PM Daibochi records earnings of RM47.67m in FY20
tag stockDAIBOCI +1.5%,
4:17 PM Top Glove slides to RM8 despite strong earnings, dividend

KUALA LUMPUR: Shares of Top Glove Bhd came under selling pressure late Thursday, falling to a low of RM8 despite its strong set of earnings, firm outlook and dividend as investors took profit.
tag stockTOPGLOV +2.4%,
4:16 PM Average monthly salaries, wages in Malaysia up by 4.4% in 2019
4:05 PM Rizal: 30 to 40 cyber troopers were working for Rosmah from 2012 to 2018
3:59 PM Taxi driver's application to delist LTTE as terrorist group dismissed
3:43 PM Indonesia c.bank holds rates for second month in a row

JAKARTA: Indonesia's central bank kept its benchmark interest rate unchanged for a second straight month on Thursday, citing the need to maintain financial market stability amid recent pressure on the rupiah currency.
3:19 PM World Bank's IFC warns of Asia-Pacific 'financial crisis'

JAKARTA: The Asia-Pacific region risks a damaging financial crisis from a surge of non-performing loans caused by rising insolvencies, a senior official from the World Bank Group's private sector arm said on Thursday.
2:53 PM Sapura Energy subsidiaries, JV bag RM840m worth of contracts
tag stockSAPNRG -4.2%,
2:48 PM CIMB, StanChart complete first MYR Klibor - USD SOFR cross currency basis swap

KUALA LUMPUR: CIMB Bank and Standard Chartered Bank Malaysia have jointly completed the first MYR KLIBOR - USD Secured Overnight Financing Rate (SOFR) cross currency basis swap transaction with a USD100 million trade. 
tag stockCIMB -0.6%,
2:39 PM Top Glove 4Q net profit surges to RM1.29b, announces 8.5c dividend

KUALA LUMPUR: Top Glove Corporation Bhd posted exceptionally strong earnings in the fourth quarter ended Aug 31, 2020 and also for the financial year (FY20), underpinned by the surge in demand for gloves due to the Covid-19 pandemic.
tag stockTOPGLOV +2.4%,
2:28 PM UEM Sunrise’s Happy Chase campaign draws more than RM400m in sales within two...
tag stockUEMS +1.3%,
2:27 PM Straits Inter Logistics unit proposes RM18.6mil vessel purchase

KUALA LUMPUR: Straits Inter Logistics Bhd subdisiary SMF Eden Maritime Ltd has proposed to acquire an oil tanker from Millenium Satu Ltd for a purchase consideration of US$4.5mil (RM18.6mil) cash.
tag stockSTRAITS +6.3%,
2:12 PM Top Glove 4Q net profit jumps year-on-year to RM1.29b, revenue more than...
tag stockTOPGLOV +2.4%,
2:03 PM Petronas Gas subsidiary Pengerang LNG Two plans up to RM3b Sukuk

KUALA LUMPUR: Petronas Gas Bhd’s subsidiary Pengerang LNG (Two) Sdn Bhd (PLNG 2)plans to issue of Islamic medium term notes (Sukuk Murabahah) programme of up to RM3bil.
tag stockPETGAS +0.1%,
2:02 PM Bina Puri, Chin Hin Group Property, K-Star, MCE, MMAG, RGT, Technodex, Wong...
tag stockBPURI -5.0%, KSTAR 0%, CHGP 0%, MCEHLDG +9.5%, MMAG -30.0%, RGTBHD +2.0%, TDEX +2.8%, WONG -10.2%, HBGLOB +5.0%,
2:01 PM Ekovest, IWCity shares surge in active trade
tag stockEKOVEST -2.6%, IWCITY -2.5%,
1:53 PM Daibochi posts record RM47.7mil FY20 net profit on resilient demand

KUALA LUMPUR: Daibochi Bhd posted its highest-ever net profit of RM47.7mil in its financial year ended July 31, 2020, on the back of revenue of RM619.3mil owing to resilient demand for flexible plastic packaging (FPP) in the food and beverage and fast-moving-consumer-goods sectors.
tag stockDAIBOCI +1.5%,
1:33 PM Sapura Energy subsidiaries bag RM840mil total contracts

KUALA LUMPUR: Sapura Energy Bhd's subsidiaries and a joint venture have been awarded contracts and contract extensions worth a combined value of about RM840mil.
tag stockSAPNRG -4.2%,
1:21 PM Petronas Gas subsidiary issuing RM3b Islamic bonds
tag stockPETGAS +0.1%,
1:16 PM Hazem was offered triple pay bump to join 1MDB; last drawn salary RM97,000 as...
1:00 PM Home Ministry denies appointment of foreign workers management company
12:55 PM Bursa tracks Asian markets lower

KUALA LUMPUR: The share price advance in glove counters was not enough to keep the FBM KLCI afloat as pessimism over the global economic recovery sent Asian markets into the red.
12:51 PM US-China investment flows at 9 year low

HONG KONG: Investment between the United States and China tumbled to a nine-year low in the first half of 2020, hit by bilateral tensions that could see more Chinese companies come under pressure to divest U.S. operations, a research report said.
12:45 PM ByteDance rival Kuaishou aims to raise up to US$5b in HK IPO

HONG KONG: Chinese online short video start-up Kuaishou aims to raise up to $5 billion in a Hong Kong initial public offering (IPO) as early as January.
12:40 PM Travellers snap up Asian airlines' scenic 'flights to nowhere'

SYDNEY/SINGAPORE: Qantas Airways Ltd said a seven-hour scenic flight over Australia's Outback and Great Barrier Reef had sold out in 10 minutes, as it joined a growing trend in Asia offering "flights to nowhere" that take off and land at the same airport.
12:33 PM KLCI down as investors take profit in banking stocks
12:29 PM Former private secretary of ex-minister charged with another six counts of...
12:14 PM S P Setia launches world's first solar-powered hybrid F&B hub
tag stockSPSETIA +0.7%,
12:08 PM Monthly wages up 4.4% in 2019 but weaker this year

KUALA LUMPUR: The mean monthly salaries & wages rose by 4.4% to RM3,224 last year from RM3,087 from 2018 but they are expected to be weaker this year due to the impact of the Movement Control Order imposed on March 18.
11:56 AM Analysts anticipate improved earnings in 2H for Astro amid easing of MCO
tag stockASTRO -1.2%,
11:19 AM Asian markets fall as Fed fails to offer fresh cause for cheer

TOKYO: Stocks fell and the dollar advanced on Thursday after the Federal Reserve pledged to keep interest rates low for a long time but stopped short of offering further on stimulus to shore up a battered U.S. economy.
10:58 AM AmInvest Research starts coverage of Scientex, FV RM10.74

KUALA LUMPUR: AmInvestment Bank Research has started coverage on Scientex with a Buy call and a fair value of RM10.74 based on sum-of-parts (SOP) valuation.
tag stockSCIENTX +3.6%,
10:45 AM Court strikes out prosecution's bid to forfeit RM700,000 from Umno Pekan
10:39 AM Six questions for Top Glove’s boss as he announces over RM1b quarterly net...
tag stockTOPGLOV +2.4%,
10:17 AM Quick take: Ekovest, IWC top active counters

KUALA LUMPUR: Ekovest Bhd and Iskandar Waterfront City Bhd (IWC) are among the most actively traded counters on Bursa Malaysia in early trade Thursday following news on the latest development on the Bandar Malaysia project.
tag stockEKOVEST -2.6%, IWCITY -2.5%,
9:58 AM Ringgit opens slightly lower against US dollar
9:39 AM Bursa slightly higher as Hartalega lifts KLCI

KUALA LUMPUR: Bursa Malaysia was slightly higher in early Thursday trade as the FBM KLCI was lifted by gains in Hartalega after its strong earnings outlook.
9:35 AM Top Glove share price up ahead of quarterly financial announcement today
tag stockTOPGLOV +2.4%,
9:22 AM Examination-in-chief of ex-1MDB CEO to be completed today
9:21 AM Quick take: MMAG jumps 20% on ECRL foreign workers deal

KUALA LUMPUR: Shares in MMAG Holdings Bhd jumped over 20% in early trade Thursday after signing an agreement to provide total management solutions of foreign workers for China Communications Construction (ECRL) Sdn Bhd (CCCECRL).
tag stockMMAG -30.0%,
9:21 AM Trading ideas: Astro, Brahim’s, T7, Omesti, Malton

KUALA LUMPUR: Stocks to watch on Thursday include Astro Malaysia Holdings Bhd, Brahim's Holdings Bhd, T7 Global Bhd, Omesti Bhd and Malton Bhd, according to JF Apex Research.
tag stockASTRO -1.2%, BRAHIMS +5.0%, T7GLOBAL +3.3%, OMESTI -2.6%, MALTON -3.5%,
9:03 AM FBM KLCI starts higher as glove shares rise
8:55 AM Sharp recovery in store for Econpile in FY21, says RHB

KUALA LUMPUR: RHB Research expects a sharp recovery for Econpile Holdings Bhd in FY21 as there is a scarcity of local piling companies with a robust track record while fresh catalysts in the remainder of 2020 may boost potential earnings visibility.
tag stockECONBHD -0.9%,
8:36 AM Kenanga maintains 'outperform' on Astro on better 2H prospects

KUALA LUMPUR: Kenanga Investment Bank Research maintained its "outperform" call on Astro Malaysia Holdings Bhd as it anticipates improved earnings in the second half of the group's financial year.
tag stockASTRO -1.2%,
8:09 AM New Zealand economy in deepest recession as Q2 GDP shrinks

WELLINGTON: New Zealand fell into its deepest economic slump on record in the second quarter as its battle against the coronavirus pandemic paralysed business activity, official data showed on Thursday.
8:03 AM Asian shares set for mostly weaker open Thursday

NEW YORK: Asian shares were set to drift lower on Thursday as concerns about the strength of the recovery from the COVID-19 pandemic remained, even after the U.S. Federal Reserve pledged to hold interest rates near zero until at least 2023.
7:54 AM U.S. seeks to recover US$300 mln more in 1MDB assets held in Britain
7:17 AM Ringgit heads for a strong finish

Currency boosted by economy’s resilience amid virus
7:17 AM World economy could weather Covid-19 pandemic better than forecast

LONDON: The global economic slump won’t be as sharp as previously feared this year, though the recovery is losing pace and will need support from governments and central banks for some time yet, according to the OECD.
7:17 AM Improved shopper traffic for Penang retail market

Full recovery not expected this year, with rise in e-commerce
7:17 AM Zara owner Inditex returns to profit

MADRID: Inditex, the owner of fashion retailer Zara, returned to quarterly profit in the three months from May to July despite a 31% fall in sales as the coronavirus crisis kept consumers away from city centre shopping districts.
7:17 AM Rent-to-own way to reset affordable homes issue

Low wage earners just cannot afford to buy a house
7:17 AM Oil giants plan for a future with less crude

Companies brace for energy of the future – hydrogen
7:17 AM Sarawak’s export of planted forest logs grows

KUCHING: Sarawak’s production and exports of logs from planted forests have surged as the cultivated fast-growing commercial timber trees attain maturity after between 10 and 14 years.
tag stockTAANN +3.6%, JTIASA +17.7%,
7:17 AM Commission identifies co-ops that can delve into Bursa

SIBU: The Co-operative Commission of Malaysia (SKM) has identified several local co-operatives which have the ability to acquire shares in competitive and successful companies listed on Bursa Malaysia.
7:17 AM MPC launches competitive strategy project

KUALA LUMPUR: Malaysian Productivity Corp (MPC) has launched a project on competitive strategy which is expected to increase Malaysia’s ranking in the global competitiveness
7:17 AM Insight - After Covid-19, a chance to rebuild

More must be done for health and sustainability
7:17 AM Japan’s exports extend double-digit declines

Weak global demand, shipments to US drag down exports
7:17 AM TikTok offer would keep Chinese firm on board

SHANGHAI: Technology company Oracle’s bid to potentially become TikTok’s technology partner in the United States indicates that there may be technical solutions available to address US concerns instead of going to great lengths to ditch Chinese ownership, according to experts.
7:17 AM Alibaba’s new business – modernising China’s plants

Group unveils smart factory that offers data analytics
7:07 AM Sony PlayStation 5 to launch Nov priced US$499.99 and $399.99

TOKYO/STOCKHOLM: Sony Corp said its next-generation PlayStation 5 console would launch in November priced at US$499.99 and $399.99 for a version without a disk drive, as it squares off against rival Microsoft Corp's Xbox console.
6:58 AM Fed defends 'pedal to the metal' policy and is not fearful of asset bubbles ahead

NEW YORK: One key investor takeaway from Federal Reserve Chair Jerome Powell's press conference on Wednesday: This central bank is not going to break a sweat fretting about future asset bubbles.
6:52 AM Oil up 4% as US stockpiles fall, hurricane hits output

NEW YORK: Oil prices jumped more than 4% on Wednesday, following a drawdown in U.S. crude and gasoline inventories and as Hurricane Sally forced a swath of U.S. offshore production to shut.
6:46 AM US seeks to recover US$300mil more in 1MBD assets held in Britain

WASHINGTON: The U.S. Department of Justice is seeking to recover $300 million in additional assets allegedly associated with the multibillion-dollar 1MDB scandal, assets it has traced to an escrow account in the United Kingdom, the agency said on Wednesday.
6:41 AM S&P 500 ends down after late reversal despite Fed's low-rate stance

NEWYORK: The S&P 500 ended lower on Wednesday, reversing gains late in the day as losses in technology shares outweighed a Federal Reserve statement that stoked optimism it would keep U.S. interest rates near zero for a prolonged period