https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E5%BE%AE%E4%B8%AD%E5%B0%8F%E4%BC%81%E7%94%B5%E5%AD%90%E5%8F%91%E7%A5%A8-%E5%BB%B6%E8%BF%9F%E5%8D%8A%E5%B9%B4-%E6%98%8E%E5%B9%B41%E6%9C%88%E5%BC%80%E8%B7%91
Newbie Trading Channel
@newbietradingchannel
Pm @jcnewbie if you wish us to review any chart or interested on our inner US trading group
DISCLAIMER: MENTIONED STOCKS ARE JUST FOR RESEARCH, EDUCATIONAL PURPOSE. NO RESPONSIBILITY WILL BE TAKEN BY ANY PARTY
Newbie Trading Channel (English)
Are you new to the world of trading and looking for guidance and insights? Look no further than the 'Newbie Trading Channel' on Telegram! This channel, with the username @newbietradingchannel, is dedicated to helping beginners navigate the complex world of trading and investments.
Led by experienced traders, this channel offers valuable resources, tips, and analysis to help you make informed decisions in the market. Whether you are interested in stocks, cryptocurrencies, or forex trading, this channel has you covered. You can even request a chart review by messaging @jcnewbie!
It is important to note that the 'Newbie Trading Channel' emphasizes education and research. The mentioned stocks are for educational purposes only, and the channel does not take any responsibility for trading decisions made by its members.
Join the 'Newbie Trading Channel' today and take your first steps towards becoming a successful trader! Learn from the best, connect with like-minded individuals, and start your trading journey with confidence.
Newbie Trading Channel
20 Feb, 06:31
大马上映最新消息！《哪吒2》明晚定档
最新消息！《哪吒之魔童闹海》即将明晚公布上映日期。
https://www.enanyang.my/node/651757
最新消息！《哪吒之魔童闹海》即将明晚公布上映日期。
https://www.enanyang.my/node/651757
Newbie Trading Channel
20 Feb, 06:31
https://www.thestar.com.my/news/nation/2025/02/20/islamic-world-must-unite-against-sectarianism-says-anwar
Newbie Trading Channel
20 Feb, 06:16
SMEs with RM500,000 turnover and below given six-month e-invoicing extension, says Amir Hamzah
https://www.thestar.com.my/news/nation/2025/02/20/smes-with-rm500000-turnover-and-below-given-six-month-e-invoicing-extension-says-amir-hamzah?utm_medium=socmed&utm_campaign=TG
https://www.thestar.com.my/news/nation/2025/02/20/smes-with-rm500000-turnover-and-below-given-six-month-e-invoicing-extension-says-amir-hamzah?utm_medium=socmed&utm_campaign=TG
Newbie Trading Channel
20 Feb, 05:09
业绩展望低于预期
Grab股价暴跌11%
此前公司发布的全年营收预期低于市场预期，反映出东南亚网约车和外卖市场的谨慎态势。
https://www.enanyang.my/node/651741
Grab股价暴跌11%
此前公司发布的全年营收预期低于市场预期，反映出东南亚网约车和外卖市场的谨慎态势。
https://www.enanyang.my/node/651741
Newbie Trading Channel
20 Feb, 05:02
The Star : Business Feed
FBM KLCI sinks deeper into the red at midday
FBM KLCI sinks deeper into the red at midday
Newbie Trading Channel
20 Feb, 05:02
The Star : Business Feed
Leong Hup set to gain from stable poultry prices and lower feed costs
Leong Hup set to gain from stable poultry prices and lower feed costs
Newbie Trading Channel
20 Feb, 05:02
The Star : Business Feed
Stronger earnings visibility for Duopharma in FY25
Stronger earnings visibility for Duopharma in FY25
Newbie Trading Channel
20 Feb, 05:01
The Star : Business Feed
EPF earns RM102mil from MAHB share sales in 2023
EPF earns RM102mil from MAHB share sales in 2023
Newbie Trading Channel
20 Feb, 05:01
The Star : Business Feed
GSMA: Malaysia’s 5G dual network to boost competition, investment
GSMA: Malaysia’s 5G dual network to boost competition, investment
Newbie Trading Channel
20 Feb, 01:49
The Star : Business Feed
FBM KLCI dips on trade jitters; ES Sunlogy debuts as most active
FBM KLCI dips on trade jitters; ES Sunlogy debuts as most active
Newbie Trading Channel
20 Feb, 00:58
*SHORT TERM TREND*
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1585.50.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4552.
*Mini Dow*
Trend: *UP*
Might change if price breaks below 44625.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 71.88.
*GOLD*
Trend : *UP*
Might change if price breaks below 2922.40.
*HSI*
Trend : *UP*
Might change if price breaks below 22721.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1585.50.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4552.
*Mini Dow*
Trend: *UP*
Might change if price breaks below 44625.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 71.88.
*GOLD*
Trend : *UP*
Might change if price breaks below 2922.40.
*HSI*
Trend : *UP*
Might change if price breaks below 22721.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
20 Feb, 00:54
🔔 Today New Listing - 20/2/2025 🔔
SUNLOGY (0345)
Market: ACE
Shariah Compliant ✅
Oversubscription rate: 60.13X
IPO Price : RM 0.30
Fair value given:-
1. TA _RM 0.42_
2. Mplus _RM 0.50_
3. RHB _RM0.41_
SUNLOGY (0345)
Market: ACE
Shariah Compliant ✅
Oversubscription rate: 60.13X
IPO Price : RM 0.30
Fair value given:-
1. TA _RM 0.42_
2. Mplus _RM 0.50_
3. RHB _RM0.41_
Newbie Trading Channel
20 Feb, 00:41
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
20 Feb 2025
*GAMUDA (5398)*: Shariah Compliant
Outlook: Pending Breakout MYR4.60
Resistance: MYR4.90, MYR5.20
Support: MYR4.20
(time frame: 2-4 weeks)
*EATECH (5259)*: Shariah Compliant
Outlook: Breakout MYR0.345
Resistance: MYR0.375, MYR0.40
Support: MYR0.32
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
20 Feb 2025
*GAMUDA (5398)*: Shariah Compliant
Outlook: Pending Breakout MYR4.60
Resistance: MYR4.90, MYR5.20
Support: MYR4.20
(time frame: 2-4 weeks)
*EATECH (5259)*: Shariah Compliant
Outlook: Breakout MYR0.345
Resistance: MYR0.375, MYR0.40
Support: MYR0.32
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
20 Feb, 00:12
*RHB♦️Investment Bank Bhd*
20th February 2025
*Dow Jones* :44,627.59
⬆️71.25/0.16%
*Nasdaq* :20,056.25
⬆️14.99/0.07%
*S&P 500*:6,144.15
⬆️14.57/0.24%
https://ceomorningbrief.theedgemalaysia.com/2025/0914/
The S&P 500 climbed to a fresh record on Wednesday, as stocks remain resilient despite President Donald Trump’s threat of more tariffs and a continuously cautious Federal Reserve.
*WTI CRUDE OIL* :72.18
⬆️0.33/0.46%
*BRENT OIL* :76.08
⬆️0.24/0.32%
*GOLD PRICE* : 2,949.60
⬆️0.60/ 0.02%
*USD/MYR* : 4.4415
*CORPORATE NEWS*
*Malaysian Pacific Industries Bhd (KL:MPI)* reported a 24.52% rise in net profit to RM40.03 million for the fourth quarter ended Dec 31, 2024 (4QFY2024), from RM32.15 million last year, driven by a 26.16% reduction in operating costs. Its revenue was up 1.48% during the quarter to RM530.5 million from RM522.75 million. It did not declare any dividend for the quarter.
*Perdana Petroleum Bhd (KL:PERDANA)* is "seriously" considering fleet renewal and rejuvenation, said managing director Jamalludin Obeng, in light of upbeat upstream oil and gas (O&G) activities outlook and after delivering the highest net profits in 18 years, at RM146.03 million for FY2024. On a year-on-year basis, the latest earnings was 228.79% higher compared with RM44.51 million, thanks to higher number of vessels in operations and higher charter rates, coupled with higher utilisation rate.
*Southern Acids (M) Bhd's (KL:SAB)* net profit for the third quarter ended Dec 31, 2024 (3QFY2025) rose by more than five times to RM24.96 million, from RM4.57 million a year earlier, thanks to higher earning contributions from its oleochemical manufacturing and milling businesses amid strong commodity prices.
*Malaysia Marine and Heavy Engineering Holdings Bhd (KL:MHB)* saw its net profit more than tripled to RM21.38 million for the 4QFY2024, from RM6.18 million a year earlier, driven by a recognition of change order claims in the heavy engineering segment. This was despite revenue falling 26.9% year-on-year to RM817.61 million from RM1.12 billion, as several ongoing projects neared completion, leading to lower activity.
*Duopharma Biotech Bhd (KL:DPHARMA)* posted a 77.4% surge in net profit to RM15.08 million for 4QFY2024, from RM8.5 million a year earlier, on higher revenue and the initial crystallisation of favourable impacts from industry-wide normalisation of active pharmaceutical ingredient prices to pre-pandemic level. Quarterly revenue rose 15.62% to RM193.67 million from RM167.5 million, supported by strong sales in the public health, ethical specialty, and export segments.
*Southern Cable Group Bhd (KL:SCGBHD)* has secured a RM403.55 million contract from Tenaga Nasional Bhd (TNB) (KL:TENAGA) to supply underground cable and conductors to the utility giant's distribution network division. The contract, awarded to the cable and wire maker’s unit Southern Cable Sdn Bhd, took effect on Feb 12.
*Salcon Bhd (KL:SALCON)* has secured a pipe replacement contract worth RM70.52 million from Malaysia's water asset custodian Pengurusan Aset Air Bhd (PAAB). The project, covering Kota Bharu in Kelantan, has a tenure of 24 months and is due for completion on March 16, 2027.
*EA Technique (M) Bhd (KL:EATECH* is to be rid of its Practice Note 17 (PN17) status, effective from Thursday (Feb 20). EA Technique, which will trade under its new name of Avangaad Bhd next Monday, fell into PN17 status in February 2022, after its shareholders’ equity of RM5.96 million as at end-December 2021 was noted to be less than 50% of its share capital of RM179.76 million.
*Hektar Real Estate Investment Trust (KL:HEKTAR)* is acquiring a light industrial asset in the Bayan Lepas Free Industrial Zone, Penang, for RM30 million from Microlead Precision Technology Sdn Bhd (MPT), a subsidiary of MQ Technology Bhd (KL:MQTECH). Upon completion, MPT will lease back the property for a 15-year term under a triple net master lease arrangement, with an option to extend for another 15 years. The lease includes a 5% rental escalation every three years.
20th February 2025
*Dow Jones* :44,627.59
⬆️71.25/0.16%
*Nasdaq* :20,056.25
⬆️14.99/0.07%
*S&P 500*:6,144.15
⬆️14.57/0.24%
https://ceomorningbrief.theedgemalaysia.com/2025/0914/
The S&P 500 climbed to a fresh record on Wednesday, as stocks remain resilient despite President Donald Trump’s threat of more tariffs and a continuously cautious Federal Reserve.
*WTI CRUDE OIL* :72.18
⬆️0.33/0.46%
*BRENT OIL* :76.08
⬆️0.24/0.32%
*GOLD PRICE* : 2,949.60
⬆️0.60/ 0.02%
*USD/MYR* : 4.4415
*CORPORATE NEWS*
*Malaysian Pacific Industries Bhd (KL:MPI)* reported a 24.52% rise in net profit to RM40.03 million for the fourth quarter ended Dec 31, 2024 (4QFY2024), from RM32.15 million last year, driven by a 26.16% reduction in operating costs. Its revenue was up 1.48% during the quarter to RM530.5 million from RM522.75 million. It did not declare any dividend for the quarter.
*Perdana Petroleum Bhd (KL:PERDANA)* is "seriously" considering fleet renewal and rejuvenation, said managing director Jamalludin Obeng, in light of upbeat upstream oil and gas (O&G) activities outlook and after delivering the highest net profits in 18 years, at RM146.03 million for FY2024. On a year-on-year basis, the latest earnings was 228.79% higher compared with RM44.51 million, thanks to higher number of vessels in operations and higher charter rates, coupled with higher utilisation rate.
*Southern Acids (M) Bhd's (KL:SAB)* net profit for the third quarter ended Dec 31, 2024 (3QFY2025) rose by more than five times to RM24.96 million, from RM4.57 million a year earlier, thanks to higher earning contributions from its oleochemical manufacturing and milling businesses amid strong commodity prices.
*Malaysia Marine and Heavy Engineering Holdings Bhd (KL:MHB)* saw its net profit more than tripled to RM21.38 million for the 4QFY2024, from RM6.18 million a year earlier, driven by a recognition of change order claims in the heavy engineering segment. This was despite revenue falling 26.9% year-on-year to RM817.61 million from RM1.12 billion, as several ongoing projects neared completion, leading to lower activity.
*Duopharma Biotech Bhd (KL:DPHARMA)* posted a 77.4% surge in net profit to RM15.08 million for 4QFY2024, from RM8.5 million a year earlier, on higher revenue and the initial crystallisation of favourable impacts from industry-wide normalisation of active pharmaceutical ingredient prices to pre-pandemic level. Quarterly revenue rose 15.62% to RM193.67 million from RM167.5 million, supported by strong sales in the public health, ethical specialty, and export segments.
*Southern Cable Group Bhd (KL:SCGBHD)* has secured a RM403.55 million contract from Tenaga Nasional Bhd (TNB) (KL:TENAGA) to supply underground cable and conductors to the utility giant's distribution network division. The contract, awarded to the cable and wire maker’s unit Southern Cable Sdn Bhd, took effect on Feb 12.
*Salcon Bhd (KL:SALCON)* has secured a pipe replacement contract worth RM70.52 million from Malaysia's water asset custodian Pengurusan Aset Air Bhd (PAAB). The project, covering Kota Bharu in Kelantan, has a tenure of 24 months and is due for completion on March 16, 2027.
*EA Technique (M) Bhd (KL:EATECH* is to be rid of its Practice Note 17 (PN17) status, effective from Thursday (Feb 20). EA Technique, which will trade under its new name of Avangaad Bhd next Monday, fell into PN17 status in February 2022, after its shareholders’ equity of RM5.96 million as at end-December 2021 was noted to be less than 50% of its share capital of RM179.76 million.
*Hektar Real Estate Investment Trust (KL:HEKTAR)* is acquiring a light industrial asset in the Bayan Lepas Free Industrial Zone, Penang, for RM30 million from Microlead Precision Technology Sdn Bhd (MPT), a subsidiary of MQ Technology Bhd (KL:MQTECH). Upon completion, MPT will lease back the property for a 15-year term under a triple net master lease arrangement, with an option to extend for another 15 years. The lease includes a 5% rental escalation every three years.
Newbie Trading Channel
19 Feb, 23:50
🌐 *Global Market Updates*
*_20 Feb 2025_*
Indexes
🇺🇸 Dow 44,627.59 ⬆️ 71.25
🇬🇧 FTSE 8,712.53 ⬇️ 54.20
🇭🇰 HKSE 22,944.24 ⬇️ 32.57
🇨🇳 SSE 3,351.54 ⬆️ 27.05
🇲🇾 KLCI 1,580.88 ⬇️ 3.96
Energy/Precious Metal
⛽️ Crude Oil $72.18 ⬆️ 0.33
⛽️ Brent Oil $76.08 ⬆️ 0.24
⚜️ Gold $2,949.60 ⬆️ 0.60
🌴 Palm Oil MYR 4673 ⬆️ 169
Currency
💵 USD/MYR 4.4380
💴 CNY/MYR 0.6098
💵 SGD/MYR 3.3064
🌐 Global News
🔹 The S&P 500 closed at record highs Wednesday, for a second-straight day, shrugging off signs from the Federal Reserve of a pause on rate cuts.
🔹 Oil prices held near a one-week high on Wednesday on worries about supply disruptions in Russia and the U.S., while the market awaited clarity on sanctions as Washington tries to broker a deal to end the war in Ukraine.
🔹 The US Dollar Index Futures was up 0.10% at 107.06.
Sources from:
https://www.investing.com/news/stock-market-news/stock-market-today-sp-500-closes-at-record-shrugging-off-rate-tariff-jitters-3876693
*_20 Feb 2025_*
Indexes
🇺🇸 Dow 44,627.59 ⬆️ 71.25
🇬🇧 FTSE 8,712.53 ⬇️ 54.20
🇭🇰 HKSE 22,944.24 ⬇️ 32.57
🇨🇳 SSE 3,351.54 ⬆️ 27.05
🇲🇾 KLCI 1,580.88 ⬇️ 3.96
Energy/Precious Metal
⛽️ Crude Oil $72.18 ⬆️ 0.33
⛽️ Brent Oil $76.08 ⬆️ 0.24
⚜️ Gold $2,949.60 ⬆️ 0.60
🌴 Palm Oil MYR 4673 ⬆️ 169
Currency
💵 USD/MYR 4.4380
💴 CNY/MYR 0.6098
💵 SGD/MYR 3.3064
🌐 Global News
🔹 The S&P 500 closed at record highs Wednesday, for a second-straight day, shrugging off signs from the Federal Reserve of a pause on rate cuts.
🔹 Oil prices held near a one-week high on Wednesday on worries about supply disruptions in Russia and the U.S., while the market awaited clarity on sanctions as Washington tries to broker a deal to end the war in Ukraine.
🔹 The US Dollar Index Futures was up 0.10% at 107.06.
Sources from:
https://www.investing.com/news/stock-market-news/stock-market-today-sp-500-closes-at-record-shrugging-off-rate-tariff-jitters-3876693
Newbie Trading Channel
19 Feb, 09:07
*RHB♦️Investment Bank Bhd*
Wednesday 19/02/2025
FBMKLCI : *1,580.88*
*⬇️ 3.96 (0.25%)*
Volume : *3.434B*
Value : *2.654B*
⬆️ 274
⬇️ 754
🔁 496
_Bursa Malaysia ended lower on Wednesday due to continuous selling in selected heavyweights and small-caps stocks amid mixed sentiment among regional peers._
Top 3 active stocks :
HARTA 2.440 ⬇️ 0.170
TOPGLOV 0.970 ⬇️ 0.030
MYEG 1.000 ⬇️ 0.030
Wednesday 19/02/2025
FBMKLCI : *1,580.88*
*⬇️ 3.96 (0.25%)*
Volume : *3.434B*
Value : *2.654B*
⬆️ 274
⬇️ 754
🔁 496
_Bursa Malaysia ended lower on Wednesday due to continuous selling in selected heavyweights and small-caps stocks amid mixed sentiment among regional peers._
Top 3 active stocks :
HARTA 2.440 ⬇️ 0.170
TOPGLOV 0.970 ⬇️ 0.030
MYEG 1.000 ⬇️ 0.030
Newbie Trading Channel
10 Feb, 09:22
📣 Thaipusam Holiday Notice
11 Feb 2025 Tomorrow
🇲🇾 Bursa Market closed
Foreign markets remain OPEN as usual.
We wish you a happy holiday! ⭐️
11 Feb 2025 Tomorrow
🇲🇾 Bursa Market closed
Foreign markets remain OPEN as usual.
We wish you a happy holiday! ⭐️
Newbie Trading Channel
10 Feb, 09:22
*RHB♦️Investment Bank Bhd*
Monday 10/02/2025
FBMKLCI : *1,589.95*
*⬇️ 0.96 (0.06%)*
Volume : *3.003B*
Value : *1.850B*
⬆️ 367
⬇️ 590
🔁 502
_The FBM KLCI pared earlier losses and closed slightly lower, as global equities rebounded from the shock of a fresh tariffs announcement from US President Donald Trump, which threatened higher import taxes on steel and aluminium, as well as reciprocal taxes on its trading partners_
Top 3 active stocks :
BORNOIL 0.01 🔁 0.00
COLFORM 0.39 ⬆️ 0.03
HM 0.16 ⬇️ 0.01
*Bursa closed tomorrow for Thaipusam Festival*
Monday 10/02/2025
FBMKLCI : *1,589.95*
*⬇️ 0.96 (0.06%)*
Volume : *3.003B*
Value : *1.850B*
⬆️ 367
⬇️ 590
🔁 502
_The FBM KLCI pared earlier losses and closed slightly lower, as global equities rebounded from the shock of a fresh tariffs announcement from US President Donald Trump, which threatened higher import taxes on steel and aluminium, as well as reciprocal taxes on its trading partners_
Top 3 active stocks :
BORNOIL 0.01 🔁 0.00
COLFORM 0.39 ⬆️ 0.03
HM 0.16 ⬇️ 0.01
*Bursa closed tomorrow for Thaipusam Festival*
Newbie Trading Channel
10 Feb, 04:13
🔔 NEW IPO OFFER 🔔
Pantech Global Berhad (PGLOBAL)
MAIN Market
Shariah Status: SC (Yes)
IPO Price: RM 0.68
Closing date:
19-Feb-2025
Balloting date:
24-Feb-2025
Listing date:
03-Mar-2025
Business:
-Pantech Global Berhad is specializes in manufacturer and supplier of high-quality piping products and solutions. The company specializes in producing stainless steel and carbon steel pipe fittings, including elbows, reducers, tees, stub ends, and end caps, catering to industries such as oil and gas, petrochemical, and construction. Pantech Global also provides value-added services, including pipe cutting and coating, enhancing its comprehensive offering. With operations adhering to global standards like ASME and ASTM, the company demonstrates a commitment to excellence, sustainability, and innovation, serving clients both domestically and internationally. Pantech Global was incorporated in 2024 and headquartered in Selangor, Malaysia.
https://theedgemalaysia.com/node/743830
➡️ Can apply via Online banking, ATM machine & form.
https://wa.me/60169540487
Thank you
Pantech Global Berhad (PGLOBAL)
MAIN Market
Shariah Status: SC (Yes)
IPO Price: RM 0.68
Closing date:
19-Feb-2025
Balloting date:
24-Feb-2025
Listing date:
03-Mar-2025
Business:
-Pantech Global Berhad is specializes in manufacturer and supplier of high-quality piping products and solutions. The company specializes in producing stainless steel and carbon steel pipe fittings, including elbows, reducers, tees, stub ends, and end caps, catering to industries such as oil and gas, petrochemical, and construction. Pantech Global also provides value-added services, including pipe cutting and coating, enhancing its comprehensive offering. With operations adhering to global standards like ASME and ASTM, the company demonstrates a commitment to excellence, sustainability, and innovation, serving clients both domestically and internationally. Pantech Global was incorporated in 2024 and headquartered in Selangor, Malaysia.
https://theedgemalaysia.com/node/743830
➡️ Can apply via Online banking, ATM machine & form.
https://wa.me/60169540487
Thank you
Newbie Trading Channel
10 Feb, 03:29
The Star : Business Feed
What DeepSeek? Big Tech keeps its AI building boom alive.
What DeepSeek? Big Tech keeps its AI building boom alive.
Newbie Trading Channel
10 Feb, 03:28
The Star : Business Feed
Trump to announce 25% steel and aluminum tariffs in latest trade escalation
Trump to announce 25% steel and aluminum tariffs in latest trade escalation
Newbie Trading Channel
10 Feb, 02:12
The Star : Business Feed
Foreign outflow from Bursa Malaysia slows to RM169.4mil net
Foreign outflow from Bursa Malaysia slows to RM169.4mil net
Newbie Trading Channel
10 Feb, 01:54
The Star : Business Feed
Samaiden targets 12% revenue from RE assets
Samaiden targets 12% revenue from RE assets
Newbie Trading Channel
10 Feb, 01:53
The Star : Business Feed
Steel manufacturer Colform climbs 14% on ACE Market debut
Steel manufacturer Colform climbs 14% on ACE Market debut
Newbie Trading Channel
10 Feb, 01:50
The Star : Business Feed
Ringgit opens lower against US$ as tariff news firms greenback
Ringgit opens lower against US$ as tariff news firms greenback
Newbie Trading Channel
10 Feb, 01:41
Trump to announce 25% steel and aluminum tariffs in latest trade escalation
https://www.reuters.com/markets/commodities/trump-says-he-will-announce-25-steel-aluminum-tariffs-monday-2025-02-09/
https://www.reuters.com/markets/commodities/trump-says-he-will-announce-25-steel-aluminum-tariffs-monday-2025-02-09/
Newbie Trading Channel
10 Feb, 00:50
🔔 Today New Listing - 10/2/2025 🔔
Colform Group Berhad (0341)
Market: ACE
Shariah Compliant ✅
Oversubscription rate: 41.82X
IPO Price : RM 0.36
Fair value given:-
1. RHB _RM 0.55_
2. TA _RM 0.52_
3. Public _RM 0.45_
4. Mplus _RM 0.50_
Colform Group Berhad (0341)
Market: ACE
Shariah Compliant ✅
Oversubscription rate: 41.82X
IPO Price : RM 0.36
Fair value given:-
1. RHB _RM 0.55_
2. TA _RM 0.52_
3. Public _RM 0.45_
4. Mplus _RM 0.50_
Newbie Trading Channel
10 Feb, 00:38
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
10 Feb 2025
*MYEG (0138)*: Shariah Compliant
Outlook: Breakout MYR1
Resistance: MYR1.08, MYR1.15
Support: MYR0.95
(time frame: 2-4 weeks)
*KAREX (5247)*: Shariah Compliant
Outlook: Breakout MYR0.98
Resistance: MYR1.03, MYR1.10
Support: MYR0.92
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
10 Feb 2025
*MYEG (0138)*: Shariah Compliant
Outlook: Breakout MYR1
Resistance: MYR1.08, MYR1.15
Support: MYR0.95
(time frame: 2-4 weeks)
*KAREX (5247)*: Shariah Compliant
Outlook: Breakout MYR0.98
Resistance: MYR1.03, MYR1.10
Support: MYR0.92
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
10 Feb, 00:31
*SHORT TERM TREND*
*FKLI*
Trend: *UP*
Might change if price breaks below 1572.50.
*FCPO*
Trend: *UP*
Might change if price breaks below 4358.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 44753.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 71.19.
*GOLD*
Trend : *UP*
Might change if price breaks below 2884.70.
*HSI*
Trend : *UP*
Might change if price breaks below 20962.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *UP*
Might change if price breaks below 1572.50.
*FCPO*
Trend: *UP*
Might change if price breaks below 4358.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 44753.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 71.19.
*GOLD*
Trend : *UP*
Might change if price breaks below 2884.70.
*HSI*
Trend : *UP*
Might change if price breaks below 20962.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
10 Feb, 00:27
🌐 Global Market Updates_
*10th FEB 2025_*
Indexes
🇺🇸 Dow 44,303.400 ⬇️ 444.230
🇲🇾 KLCI 1,590.91 ⬆️ 5.74
🇨🇳 SSE 3,303.666 ⬆️ 33.007
🇭🇰 HKSE 21,133.540 ⬆️ 241.920
🇬🇧 FTSE 8,700.530 ⬇️ 26.750
Energy/Precious Metal
⛽️ Crude Oil $71.060 ⬆️ 0.45
⛽️ Brent Oil $74.700 ⬆️ 0.410
⚜️ Gold $2,886.100 ⬆️ 9.400
🌴 Palm Oil $4,504 ⬆️ 101
Currency
💵 USD/MYR 4.4370
💴 CNY/MYR 0.6092
💵 SGD/MYR 3.2765
🌐 Global News
🔹 Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Consumer Services, Consumer Goods and Basic Materials sectors led shares lower.
🔹 HOUSTON (Reuters) - Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran's crude exports but prices were down for the week as investors worried about U.S. President Donald Trump's renewed trade war on China and threats of tariffs on other countries.
🔹 Investing.com - U.S. President Donald Trump's move to slap tariffs on some of America's closest trading partners this week would ultimately be positive for gold prices, according to analysts at RBC Capital Markets.
Sources from: Investing.com
https://www.investing.com/news/stock-market-news/us-stocks-lower-at-close-of-trade-dow-jones-industrial-average-down-099-3857538
*10th FEB 2025_*
Indexes
🇺🇸 Dow 44,303.400 ⬇️ 444.230
🇲🇾 KLCI 1,590.91 ⬆️ 5.74
🇨🇳 SSE 3,303.666 ⬆️ 33.007
🇭🇰 HKSE 21,133.540 ⬆️ 241.920
🇬🇧 FTSE 8,700.530 ⬇️ 26.750
Energy/Precious Metal
⛽️ Crude Oil $71.060 ⬆️ 0.45
⛽️ Brent Oil $74.700 ⬆️ 0.410
⚜️ Gold $2,886.100 ⬆️ 9.400
🌴 Palm Oil $4,504 ⬆️ 101
Currency
💵 USD/MYR 4.4370
💴 CNY/MYR 0.6092
💵 SGD/MYR 3.2765
🌐 Global News
🔹 Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Consumer Services, Consumer Goods and Basic Materials sectors led shares lower.
🔹 HOUSTON (Reuters) - Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran's crude exports but prices were down for the week as investors worried about U.S. President Donald Trump's renewed trade war on China and threats of tariffs on other countries.
🔹 Investing.com - U.S. President Donald Trump's move to slap tariffs on some of America's closest trading partners this week would ultimately be positive for gold prices, according to analysts at RBC Capital Markets.
Sources from: Investing.com
https://www.investing.com/news/stock-market-news/us-stocks-lower-at-close-of-trade-dow-jones-industrial-average-down-099-3857538
Newbie Trading Channel
10 Feb, 00:07
*RHB♦️Investment Bank Bhd*
10th February 2025
*Dow Jones* :44,303.40
⬇️444.23/0.99%‼️
*Nasdaq* :19,523.40
⬇️268.59/1.36%‼️
*S&P 500*:6,025.99
⬇️57.58/0.95%
Stocks slid on Friday as a mix of news related to tariffs and inflation worried traders to close out the week.
*WTI CRUDE OIL* :71.06
⬆️0.45/0.64%
*BRENT OIL* :74.69
⬆️0.40/0.54%
*GOLD PRICE* : 2,886.10
⬆️9.40/ 0.33%
*USD/MYR* : 4.4370
*CORPORATE NEWS*
*NPC Resources Bhd’s (KL:NPC)* co-founder Datuk Loo Pang Kee has formally launched his bid to privatise the Sabah-based palm oil producer. Loo, together with his vehicle Jubilant Ventures Sdn Bhd, have proposed a selective capital reduction and corresponding capital repayment to buy out the remaining shareholders of NPC Resources at RM2.82 per share. Loo, who is NPC Resources group managing director cum CEO, controls a 56.56% stake or 66 million shares in NPC Resources.
*Zecon Bhd (KL:ZECON)* has been granted an electricity licence from the Sarawak state government to generate solar power to supply electricity under the Sarawak Electricity Ordinance at the Kota Petra Green Technology Park in Kuching. Zecon said the licence shall be for a period of 30 years, effective from Feb 5, 2025, with an annual fee of RM300,000. It said during the duration of the licence, the rights granted include, among others, designing, constructing, installing, using, operating and maintaining a solar photovoltaic (PV) system for solar power generation within a 3,000-acre area in the Salak Land district of Kuching.
*SSF Home Group Bhd (KL:SSF)* has entered into a deal to supply kitchen cabinets and furniture vouchers for a home ownership scheme offered by social enterprise company Rumah Ibu Sdn Bhd (RISB). Under the Rumah Ibu scheme, RISB intends to offer some 35,000 land owners in Perak the opportunity to own affordable homes via the state's Structured Village Development Programme. SSF will provide kitchen cabinets valued between RM1,500 and RM5,000, alongside furniture vouchers worth up to RM5,500, offering flexibility and affordability to Rumah Ibu buyers.
*Theta Edge Bhd (KL:THETA)* is raising up to RM46.01 million through the issuance of 35.39 million new shares at RM1.30 apiece to Threadstone Capital Sdn Bhd, a private limited company controlled by its non-independent non-executive director Zainal 'Abidin Abd Jalil. Threadstone Capital currently holds an 8.48% stake in Theta Edge. Following the completion of the exercise, Threadstone Capital’s stake will rise to 29.6%, making it the largest shareholder in the group. Of the proceeds,
*EG Industries Bhd (KL:EG)* proposed a one-for-one bonus issue involving 692.9 million new shares. EG Industries said the bonus issue will allow shareholders to have greater participation in its equity, while maintaining their percentage of equity interest held, and also possibly encourage trading liquidity and marketability of the shares. The theoretical ex-bonus share price would be RM1.25, based on the five-day volume-weighted average price of the shares up to Jan 31, EG Industries noted.
*Teladan Setia Group Bhd (KL:TELADAN)* has cancelled its plan to purchase a piece of land in Melaka Tengah for RM48.54 million for a health and wellness centre and serviced apartments project. The decision to cancel the land deal was due to vendor Megan Mastika Sdn Bhd’s failure to fulfil conditions precedent despite extensions granted by Teladan's wholly owned unit Asal Harta Sdn Bhd.
*YNH Property Bhd (KL:YNHPROP)* has clarified that its sale of AEON Mall Seri Manjung in Perak to Sunway Real Estate Investment Trust (KL:SUNREIT) for RM138 million is subject to shareholders’ approval in an extraordinary general meeting (EGM) to be fixed later. The property developer said the highest aggregated percentage ratio applicable to the transactions with Sunway REIT in the past 12 months stood at 30.68% — above the 25% threshold to warrant requiring shareholders’ approval to proceed with the AEON Mall Seri Manjung sale.
10th February 2025
*Dow Jones* :44,303.40
⬇️444.23/0.99%‼️
*Nasdaq* :19,523.40
⬇️268.59/1.36%‼️
*S&P 500*:6,025.99
⬇️57.58/0.95%
Stocks slid on Friday as a mix of news related to tariffs and inflation worried traders to close out the week.
*WTI CRUDE OIL* :71.06
⬆️0.45/0.64%
*BRENT OIL* :74.69
⬆️0.40/0.54%
*GOLD PRICE* : 2,886.10
⬆️9.40/ 0.33%
*USD/MYR* : 4.4370
*CORPORATE NEWS*
*NPC Resources Bhd’s (KL:NPC)* co-founder Datuk Loo Pang Kee has formally launched his bid to privatise the Sabah-based palm oil producer. Loo, together with his vehicle Jubilant Ventures Sdn Bhd, have proposed a selective capital reduction and corresponding capital repayment to buy out the remaining shareholders of NPC Resources at RM2.82 per share. Loo, who is NPC Resources group managing director cum CEO, controls a 56.56% stake or 66 million shares in NPC Resources.
*Zecon Bhd (KL:ZECON)* has been granted an electricity licence from the Sarawak state government to generate solar power to supply electricity under the Sarawak Electricity Ordinance at the Kota Petra Green Technology Park in Kuching. Zecon said the licence shall be for a period of 30 years, effective from Feb 5, 2025, with an annual fee of RM300,000. It said during the duration of the licence, the rights granted include, among others, designing, constructing, installing, using, operating and maintaining a solar photovoltaic (PV) system for solar power generation within a 3,000-acre area in the Salak Land district of Kuching.
*SSF Home Group Bhd (KL:SSF)* has entered into a deal to supply kitchen cabinets and furniture vouchers for a home ownership scheme offered by social enterprise company Rumah Ibu Sdn Bhd (RISB). Under the Rumah Ibu scheme, RISB intends to offer some 35,000 land owners in Perak the opportunity to own affordable homes via the state's Structured Village Development Programme. SSF will provide kitchen cabinets valued between RM1,500 and RM5,000, alongside furniture vouchers worth up to RM5,500, offering flexibility and affordability to Rumah Ibu buyers.
*Theta Edge Bhd (KL:THETA)* is raising up to RM46.01 million through the issuance of 35.39 million new shares at RM1.30 apiece to Threadstone Capital Sdn Bhd, a private limited company controlled by its non-independent non-executive director Zainal 'Abidin Abd Jalil. Threadstone Capital currently holds an 8.48% stake in Theta Edge. Following the completion of the exercise, Threadstone Capital’s stake will rise to 29.6%, making it the largest shareholder in the group. Of the proceeds,
*EG Industries Bhd (KL:EG)* proposed a one-for-one bonus issue involving 692.9 million new shares. EG Industries said the bonus issue will allow shareholders to have greater participation in its equity, while maintaining their percentage of equity interest held, and also possibly encourage trading liquidity and marketability of the shares. The theoretical ex-bonus share price would be RM1.25, based on the five-day volume-weighted average price of the shares up to Jan 31, EG Industries noted.
*Teladan Setia Group Bhd (KL:TELADAN)* has cancelled its plan to purchase a piece of land in Melaka Tengah for RM48.54 million for a health and wellness centre and serviced apartments project. The decision to cancel the land deal was due to vendor Megan Mastika Sdn Bhd’s failure to fulfil conditions precedent despite extensions granted by Teladan's wholly owned unit Asal Harta Sdn Bhd.
*YNH Property Bhd (KL:YNHPROP)* has clarified that its sale of AEON Mall Seri Manjung in Perak to Sunway Real Estate Investment Trust (KL:SUNREIT) for RM138 million is subject to shareholders’ approval in an extraordinary general meeting (EGM) to be fixed later. The property developer said the highest aggregated percentage ratio applicable to the transactions with Sunway REIT in the past 12 months stood at 30.68% — above the 25% threshold to warrant requiring shareholders’ approval to proceed with the AEON Mall Seri Manjung sale.
Newbie Trading Channel
10 Feb, 00:07
On Jan 26, 2024, YNH Property had inked a deal to sell 163 Retail Park to Sunway REIT for RM215 million.
*Perak Corp Bhd (KL:PRKCORP)* has proposed to undertake a mixed development project on 54.8 acres of land owned by the company in Hulu Kinta, Perak. It entered into a collaboration agreement to develop the project jointly with a private firm, Spectrum Asets Sdn Bhd. Under the agreement, Perak Corp will provide the land for the development while Spectrum Asets will be the project’s developer.
*Perak Corp Bhd (KL:PRKCORP)* has proposed to undertake a mixed development project on 54.8 acres of land owned by the company in Hulu Kinta, Perak. It entered into a collaboration agreement to develop the project jointly with a private firm, Spectrum Asets Sdn Bhd. Under the agreement, Perak Corp will provide the land for the development while Spectrum Asets will be the project’s developer.
Newbie Trading Channel
07 Feb, 09:49
*RHB♦️Investment Bank Bhd*
Friday 07/02/2025
FBMKLCI : *1,590.91*
*⬆️ 5.74 (0.36%)*
Volume : *2.957B*
Value : *2.222B*
⬆️ 651
⬇️ 372
🔁 502
_The FBM KLCI closed higher today as buying interest continued in selected blue chips led by utilities and banking counters._
Top 3 active stocks :
KGROUP 0.005 🔁 0.000
MYEG 1.02 ⬆️ 0.035
TWL 0.025 🔁 0.000
Friday 07/02/2025
FBMKLCI : *1,590.91*
*⬆️ 5.74 (0.36%)*
Volume : *2.957B*
Value : *2.222B*
⬆️ 651
⬇️ 372
🔁 502
_The FBM KLCI closed higher today as buying interest continued in selected blue chips led by utilities and banking counters._
Top 3 active stocks :
KGROUP 0.005 🔁 0.000
MYEG 1.02 ⬆️ 0.035
TWL 0.025 🔁 0.000
Newbie Trading Channel
07 Feb, 07:31
The Star : Business Feed
Stocks wobble as traders eye US payrolls data, yen at 2-month high
Stocks wobble as traders eye US payrolls data, yen at 2-month high
Newbie Trading Channel
07 Feb, 07:31
The Star : Business Feed
Asia gold: High prices stifle demand in top hubs
Asia gold: High prices stifle demand in top hubs
Newbie Trading Channel
07 Feb, 07:30
The Star : Business Feed
Housing sector likely to see better days ahead
Housing sector likely to see better days ahead
Newbie Trading Channel
07 Feb, 07:30
The Star : Business Feed
Sarawak grants Zecon 30-year solar power generation licence
Sarawak grants Zecon 30-year solar power generation licence
Newbie Trading Channel
07 Feb, 07:30
The Star : Business Feed
KAB acquires 47.5% equity in IPP firm
KAB acquires 47.5% equity in IPP firm
Newbie Trading Channel
07 Feb, 07:29
The Star : Business Feed
Perodua sets aside RM1.6bil capex for expansion plans in 2025
Perodua sets aside RM1.6bil capex for expansion plans in 2025
Newbie Trading Channel
07 Feb, 07:26
苹果陷中美角力漩涡
台积芯片和中国市场都藏关税风险
在iPhone销售低迷、AI竞赛落后的情况下，特朗普政府对中国制商品加征10%关税对苹果来说无异于雪上加霜。
https://www.enanyang.my/node/649376
台积芯片和中国市场都藏关税风险
在iPhone销售低迷、AI竞赛落后的情况下，特朗普政府对中国制商品加征10%关税对苹果来说无异于雪上加霜。
https://www.enanyang.my/node/649376
Newbie Trading Channel
07 Feb, 07:24
Inari surges nearly 11% as investors bet key client Broadcom will benefit from higher orders
https://theedgemalaysia.com/node/743654
https://theedgemalaysia.com/node/743654
Newbie Trading Channel
07 Feb, 07:24
CAPEX by Cloud Giant (in 2025' USD)
1）Amazon: $100 billion (+20%)
2）Microsoft: $80 billion (+44%)
3）Alphabet: $75 billion (+43%)
Together, $255 billion is as much as New Zealand’s GDP ▶️
1）Amazon: $100 billion (+20%)
2）Microsoft: $80 billion (+44%)
3）Alphabet: $75 billion (+43%)
Together, $255 billion is as much as New Zealand’s GDP ▶️
Newbie Trading Channel
07 Feb, 03:30
The Star : Business Feed
Construction of Proton's EV plant in Tanjung Malim underway
Construction of Proton's EV plant in Tanjung Malim underway
Newbie Trading Channel
07 Feb, 03:29
🆕 Sumisaujana Group Berhad IPO Private Placement 🆕
We are having private placement for this upcoming IPO - Sumisaujana Group Berhad
⭐ Minimum subscription RM 250,000
⭐ Indicative price: RM 0.24 (10X PE)
🗞Latest draft prospectus
https://www.bursamalaysia.com/regulation/prospectus_exposure/sumisaujana-group-berhad-sumisaujana
📲 Should you be interested or have any questions, feel free to contact me
https://wa.me/60169540487
Thank you
We are having private placement for this upcoming IPO - Sumisaujana Group Berhad
⭐ Minimum subscription RM 250,000
⭐ Indicative price: RM 0.24 (10X PE)
🗞Latest draft prospectus
https://www.bursamalaysia.com/regulation/prospectus_exposure/sumisaujana-group-berhad-sumisaujana
📲 Should you be interested or have any questions, feel free to contact me
https://wa.me/60169540487
Thank you
Newbie Trading Channel
07 Feb, 01:08
*SHORT TERM TREND*
*FKLI*
Trend: *UP*
Might change if price breaks below 1567.
*FCPO*
Trend: *UP*
Might change if price breaks below 4315.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 44856.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 71.54.
*GOLD*
Trend : *UP*
Might change if price breaks below 2877.60.
*HSI*
Trend : *UP*
Might change if price breaks below 20719.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *UP*
Might change if price breaks below 1567.
*FCPO*
Trend: *UP*
Might change if price breaks below 4315.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 44856.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 71.54.
*GOLD*
Trend : *UP*
Might change if price breaks below 2877.60.
*HSI*
Trend : *UP*
Might change if price breaks below 20719.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
07 Feb, 00:40
The Star : Business Feed
Lotte Chemical Titan reports RM1.2bil net loss in FY24, sees tough outlook
Lotte Chemical Titan reports RM1.2bil net loss in FY24, sees tough outlook
Newbie Trading Channel
07 Feb, 00:30
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
07 Feb 2025
Download report here: https://tinyurl.com/4cm9ft6k
*AGX (0299)*: Shariah Compliant
Outlook: Breakout MYR0.55
Resistance: MYR0.59, MYR0.64
Support: MYR0.52
(time frame: 2-4 weeks)
*MKHOP (5319)*: Shariah Compliant
Outlook: Breakout MYR0.65
Resistance: MYR0.68, MYR0.71
Support: MYR0.625
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
07 Feb 2025
Download report here: https://tinyurl.com/4cm9ft6k
*AGX (0299)*: Shariah Compliant
Outlook: Breakout MYR0.55
Resistance: MYR0.59, MYR0.64
Support: MYR0.52
(time frame: 2-4 weeks)
*MKHOP (5319)*: Shariah Compliant
Outlook: Breakout MYR0.65
Resistance: MYR0.68, MYR0.71
Support: MYR0.625
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
07 Feb, 00:24
*RHB♦️Investment Bank Bhd*
*7th February 2025*
*Dow Jones* :44,747.63
⬇️125.65/0.28%‼️
*Nasdaq* :19,791.99
⬆️99.66/0.51%
*S&P 500*:6,083.57
⬆️22.09/0.36%
https://ceomorningbrief.theedgemalaysia.com/2025/0908/
The S&P 500 climbed for a third straight session on Thursday, as investors weighed the latest batch of corporate earnings.
*WTI CRUDE OIL* :70.52
⬇️0.51/0.72%
*BRENT OIL* :74.30
⬇️0.31/0.42%
*GOLD PRICE* : 2,880.10
⬇️12.90/ 0.45%
*USD/MYR* : 4.4250
*CORPORATE NEWS*
*IHH Healthcare Bhd’s (KL:IHH)* unit Northern TK Venture (NTK) is seeking compensation of up to 109.3 billion Indian rupees (RM5.7 billion) from Japanese drugmaker Daiichi Sankyo Co Ltd over its stake buy in India’s Fortis Healthcare. In October 2023, NTK had filed a claim against Daiichi Sankyo saying the latter prevented NTK from proceeding with its open offer to acquire a stake in Fortis Healthcare back in 2018. At that time, NTK had sought an initial claim of ¥20 billion (RM653 million) that Daiichi Sankyo was ordered to pay as damages in November 2023, together with interest at the rate of 3% per annum.
*Lotte Chemical Titan Holding Bhd’s (KL:LCTITAN)* net loss for the fourth quarter ended Dec 31, 2024 (4QFY2024) widened to RM510.07 million from RM186.48 million a year earlier, attributed to higher loss to impairment of RM940.23 million on property, plant, equipment and right-of-use assets. This was the group’s largest quarterly net loss since its listing in 2017. Revenue for the quarter fell 3.37% to RM1.79 billion from RM1.86 billion.
*British American Tobacco (M) Bhd’s (KL:BAT)* net profit for 4QFY2024 increased 3.38% to RM48.97 million from RM47.36 million a year earlier, on higher sales volume driven by year-end seasonal sales but offset by higher tax expenses. Quarterly revenue rose 2.7% to RM653.03 million versus RM635.96 million.
*Bank Islam Malaysia Bhd (KL:BIMB)* has signed an agreement to set up a joint venture, Finodyn Sdn Bhd, with local firm Reldyn Tech Sdn Bhd to sell finance-related digital technology products and services. The total investment is RM9 million cash, of which Bank Islam will contribute 40% of the capital and 60% will be contributed by Reldyn Tech.
*Zecon Bhd (KL:ZECON)* has signed a non-binding pact with Sabah state-owned firm Petrosabah Sdn Bhd to explore joint development of a large-scale floating solar project in Lahad Datu. Under the terms of the Memorandum of Understanding (MOU), Zecon will hold a 70% stake in a company to be formed, and Petrosabah will have 30%. The MOU is valid for six months or until a formal joint venture agreement is signed.
*Notion VTec Bhd (KL:NOTION)* is acquiring a four-hectare piece of vacant freehold agricultural land in Kapar, Klang, for RM29.62 million as part of the expansion of its manufacturing operations. The expansion plans include the construction of a large new factory to accommodate growing production needs.
*Bina Puri Holdings Bhd (KL:BPURI)* is in the midst of restructuring its loan with Export-Import Bank of Malaysia Bhd (Exim Bank) following a winding-up petition from the bank on Tuesday. Bina Puri said the restructuring negotiations were warranted due to the escalation of the US dollar against the ringgit and the increase of interest rates from 4% to 11%. The property developer had taken a US$7.65 million (RM33.93 million) loan, with an initial interest rate of 4%. Throughout the loan tenure, the company had paid US$5.1 million, with an inclusive interest of US$2.35 million.
*Scomi Energy Services Bhd (KL:SCOMIES)* is set to be delisted from Bursa Malaysia on Feb 12, following the company’s failure to submit its regularisation plan on time. Bursa Securities dismissed Scomi Energy’s bid for an extension of time to submit its regularisation plan, keeping the deadline on Jan 31. The company's shares are to be removed from the official list effective Feb 12. Scomi Energy to be delisted on Feb 12
*7th February 2025*
*Dow Jones* :44,747.63
⬇️125.65/0.28%‼️
*Nasdaq* :19,791.99
⬆️99.66/0.51%
*S&P 500*:6,083.57
⬆️22.09/0.36%
https://ceomorningbrief.theedgemalaysia.com/2025/0908/
The S&P 500 climbed for a third straight session on Thursday, as investors weighed the latest batch of corporate earnings.
*WTI CRUDE OIL* :70.52
⬇️0.51/0.72%
*BRENT OIL* :74.30
⬇️0.31/0.42%
*GOLD PRICE* : 2,880.10
⬇️12.90/ 0.45%
*USD/MYR* : 4.4250
*CORPORATE NEWS*
*IHH Healthcare Bhd’s (KL:IHH)* unit Northern TK Venture (NTK) is seeking compensation of up to 109.3 billion Indian rupees (RM5.7 billion) from Japanese drugmaker Daiichi Sankyo Co Ltd over its stake buy in India’s Fortis Healthcare. In October 2023, NTK had filed a claim against Daiichi Sankyo saying the latter prevented NTK from proceeding with its open offer to acquire a stake in Fortis Healthcare back in 2018. At that time, NTK had sought an initial claim of ¥20 billion (RM653 million) that Daiichi Sankyo was ordered to pay as damages in November 2023, together with interest at the rate of 3% per annum.
*Lotte Chemical Titan Holding Bhd’s (KL:LCTITAN)* net loss for the fourth quarter ended Dec 31, 2024 (4QFY2024) widened to RM510.07 million from RM186.48 million a year earlier, attributed to higher loss to impairment of RM940.23 million on property, plant, equipment and right-of-use assets. This was the group’s largest quarterly net loss since its listing in 2017. Revenue for the quarter fell 3.37% to RM1.79 billion from RM1.86 billion.
*British American Tobacco (M) Bhd’s (KL:BAT)* net profit for 4QFY2024 increased 3.38% to RM48.97 million from RM47.36 million a year earlier, on higher sales volume driven by year-end seasonal sales but offset by higher tax expenses. Quarterly revenue rose 2.7% to RM653.03 million versus RM635.96 million.
*Bank Islam Malaysia Bhd (KL:BIMB)* has signed an agreement to set up a joint venture, Finodyn Sdn Bhd, with local firm Reldyn Tech Sdn Bhd to sell finance-related digital technology products and services. The total investment is RM9 million cash, of which Bank Islam will contribute 40% of the capital and 60% will be contributed by Reldyn Tech.
*Zecon Bhd (KL:ZECON)* has signed a non-binding pact with Sabah state-owned firm Petrosabah Sdn Bhd to explore joint development of a large-scale floating solar project in Lahad Datu. Under the terms of the Memorandum of Understanding (MOU), Zecon will hold a 70% stake in a company to be formed, and Petrosabah will have 30%. The MOU is valid for six months or until a formal joint venture agreement is signed.
*Notion VTec Bhd (KL:NOTION)* is acquiring a four-hectare piece of vacant freehold agricultural land in Kapar, Klang, for RM29.62 million as part of the expansion of its manufacturing operations. The expansion plans include the construction of a large new factory to accommodate growing production needs.
*Bina Puri Holdings Bhd (KL:BPURI)* is in the midst of restructuring its loan with Export-Import Bank of Malaysia Bhd (Exim Bank) following a winding-up petition from the bank on Tuesday. Bina Puri said the restructuring negotiations were warranted due to the escalation of the US dollar against the ringgit and the increase of interest rates from 4% to 11%. The property developer had taken a US$7.65 million (RM33.93 million) loan, with an initial interest rate of 4%. Throughout the loan tenure, the company had paid US$5.1 million, with an inclusive interest of US$2.35 million.
*Scomi Energy Services Bhd (KL:SCOMIES)* is set to be delisted from Bursa Malaysia on Feb 12, following the company’s failure to submit its regularisation plan on time. Bursa Securities dismissed Scomi Energy’s bid for an extension of time to submit its regularisation plan, keeping the deadline on Jan 31. The company's shares are to be removed from the official list effective Feb 12. Scomi Energy to be delisted on Feb 12
Newbie Trading Channel
07 Feb, 00:24
*MN Holdings Bhd (KL:MNHLDG)* has terminated its partnership with cybersecurity solutions company Intelligent Pie Consulting Sdn Bhd aimed at securing tenders for operational technology cybersecurity projects. MN Holdings said the termination, in the form of letting the MOU lapse, was due to the weak flow of tenders and no successful tenders secured up to date.
Newbie Trading Channel
07 Feb, 00:07
🌐 *Global Market Updates*
*_7th February 2025_*
Indexes
🇺🇸 Dow 44,747.63 ⬇️125.652
🇬🇧 FTSE 8,727.28 ⬆️103.990
🇭🇰 HKSE 20,891.62 ⬆️294.529
🇨🇳 SSE 3,270.66 ⬆️41.172
🇲🇾 KLCI 1,585.17 ⬆️10.660
Energy/Precious Metal
⛽️Crude Oil $70.52⬇️0.510
⛽️Brent Oil $74.22 ⬇️0.390
⚜️ Gold $2,880.10 ⬇️12.900
🌴 Palm Oil $4,405 ⬆️71.00
Currency
💵 USD/MYR 4.4230
💴 CNY/MYR 0.6074
💵 SGD/MYR 3.2764
🌐 Global News
🔹The S&P 500 closed higher for third-straight day on Thursday, but investors had to contend with stocks swinging between gains and losses intraday on a deluge of corporate earnings and economic data ahead of the crucial monthly jobs report due Friday.
🔹Oil prices settled lower on Thursday after U.S. President Donald Trump repeated a pledge to raise U.S. oil production, unnerving traders a day after the country reported a much bigger-than-anticipated jump in crude stockpiles.
🔹Leading global banks anticipate that gold prices will remain elevated throughout 2025, potentially reaching the $3,000 mark, as geopolitical uncertainties continue to shape investor sentiment.
Sources From:
https://www.investing.com/news/stock-market-news/stock-market-today-sp-500-closes-higher-in-whipsaw-session-as-jobs-report-looms-3852406
*_7th February 2025_*
Indexes
🇺🇸 Dow 44,747.63 ⬇️125.652
🇬🇧 FTSE 8,727.28 ⬆️103.990
🇭🇰 HKSE 20,891.62 ⬆️294.529
🇨🇳 SSE 3,270.66 ⬆️41.172
🇲🇾 KLCI 1,585.17 ⬆️10.660
Energy/Precious Metal
⛽️Crude Oil $70.52⬇️0.510
⛽️Brent Oil $74.22 ⬇️0.390
⚜️ Gold $2,880.10 ⬇️12.900
🌴 Palm Oil $4,405 ⬆️71.00
Currency
💵 USD/MYR 4.4230
💴 CNY/MYR 0.6074
💵 SGD/MYR 3.2764
🌐 Global News
🔹The S&P 500 closed higher for third-straight day on Thursday, but investors had to contend with stocks swinging between gains and losses intraday on a deluge of corporate earnings and economic data ahead of the crucial monthly jobs report due Friday.
🔹Oil prices settled lower on Thursday after U.S. President Donald Trump repeated a pledge to raise U.S. oil production, unnerving traders a day after the country reported a much bigger-than-anticipated jump in crude stockpiles.
🔹Leading global banks anticipate that gold prices will remain elevated throughout 2025, potentially reaching the $3,000 mark, as geopolitical uncertainties continue to shape investor sentiment.
Sources From:
https://www.investing.com/news/stock-market-news/stock-market-today-sp-500-closes-higher-in-whipsaw-session-as-jobs-report-looms-3852406
Newbie Trading Channel
06 Feb, 12:21
The Star : Business Feed
Bursa Malaysia to close on Feb 11 for Thaipusam
Bursa Malaysia to close on Feb 11 for Thaipusam
Newbie Trading Channel
06 Feb, 12:21
🌱 Invest Responsibly with RHBIB’s ESG Margin Account – Low Interest at Just 4.25%!
Supercharge your investments while making a positive impact! With RHBIB’s ESG Margin Account, you can amplify returns and support sustainable businesses at an attractive 4.25% p.a. (SBR 3.00% + 1.25%).
Why Choose RHBIB’s ESG Margin Account?
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Enjoy one of the most competitive rates while investing in sustainable companies.
✅ Invest in ESG Leaders
The ESG margin account can buy constituents of the *FTSE4Good Bursa Malaysia Index*, including high-dividend stocks like Maybank, IGBREIT.
🌍 Grow Your Wealth While Supporting a Greener Future!
Invest in ESG-compliant companies that support environmental responsibility, social impact, and governance.
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Supercharge your investments while making a positive impact! With RHBIB’s ESG Margin Account, you can amplify returns and support sustainable businesses at an attractive 4.25% p.a. (SBR 3.00% + 1.25%).
Why Choose RHBIB’s ESG Margin Account?
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Enjoy one of the most competitive rates while investing in sustainable companies.
✅ Invest in ESG Leaders
The ESG margin account can buy constituents of the *FTSE4Good Bursa Malaysia Index*, including high-dividend stocks like Maybank, IGBREIT.
🌍 Grow Your Wealth While Supporting a Greener Future!
Invest in ESG-compliant companies that support environmental responsibility, social impact, and governance.
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Newbie Trading Channel
21 Jan, 07:45
The Star : Business Feed
Malaysia's auto industry hits record 816,747 units in 2024
Malaysia's auto industry hits record 816,747 units in 2024
Newbie Trading Channel
21 Jan, 07:45
🔔 NEW IPO OFFER 🔔
RichTech Digital Berhad (RTECH)
ACE Market
Shariah Status: SC (Yes)
IPO Price: RM 0.25
Closing date:
31-Jan-2025
Balloting date:
04-Feb-2025
Listing date:
17-Feb-2025
Business:
-RichTech Digital Berhad, incorporated in 2023 and headquartered in Malaysia, is a digital solutions provider specializing in electronic reload and bill payment services. Operating through its proprietary SRS platform, RichTech enables seamless transactions for services such as mobile airtime, prepaid digital TV, games credits, eWallet top-ups, and utilities payment. The platform caters to both SRS corporate users, including reload retailers and mobile application operators, and SRS end-users for personal transactions. With a focus on innovation, long-standing supplier relationships, and an experienced management team, RichTech ensures reliable service delivery and a user-friendly experience. Positioned as a one-stop digital payment platform, the company is dedicated to operational excellence, scalability, and meeting evolving customer needs in Malaysia’s dynamic digital economy.
https://theedgemalaysia.com/node/741798
➡️ Can apply via Online banking, ATM machine & form.
📲 PM for account opening
https://wa.me/60169540487
Thank you
RichTech Digital Berhad (RTECH)
ACE Market
Shariah Status: SC (Yes)
IPO Price: RM 0.25
Closing date:
31-Jan-2025
Balloting date:
04-Feb-2025
Listing date:
17-Feb-2025
Business:
-RichTech Digital Berhad, incorporated in 2023 and headquartered in Malaysia, is a digital solutions provider specializing in electronic reload and bill payment services. Operating through its proprietary SRS platform, RichTech enables seamless transactions for services such as mobile airtime, prepaid digital TV, games credits, eWallet top-ups, and utilities payment. The platform caters to both SRS corporate users, including reload retailers and mobile application operators, and SRS end-users for personal transactions. With a focus on innovation, long-standing supplier relationships, and an experienced management team, RichTech ensures reliable service delivery and a user-friendly experience. Positioned as a one-stop digital payment platform, the company is dedicated to operational excellence, scalability, and meeting evolving customer needs in Malaysia’s dynamic digital economy.
https://theedgemalaysia.com/node/741798
➡️ Can apply via Online banking, ATM machine & form.
📲 PM for account opening
https://wa.me/60169540487
Thank you
Newbie Trading Channel
21 Jan, 06:33
The Star : Business Feed
Country Garden shares surge 11% in resumed trade after 9-month halt
Country Garden shares surge 11% in resumed trade after 9-month halt
Newbie Trading Channel
21 Jan, 06:32
The Star : Business Feed
Shares and Treasuries choppy on Trump's plans for tariffs
Shares and Treasuries choppy on Trump's plans for tariffs
Newbie Trading Channel
21 Jan, 06:31
The Star : Business Feed
Mah Sing unit acquires Setapak land for RM32mil
Mah Sing unit acquires Setapak land for RM32mil
Newbie Trading Channel
21 Jan, 06:30
马资源标得怡保中环项目？传本周四举行签约仪式
消息人士透露，马资源（MRCB，1651，主板产业股）成功标得“怡保火车站综合发展计划”（iRide）项目，并在本周四在霹雳怡保举行签约仪式。
https://www.enanyang.my/node/646722
消息人士透露，马资源（MRCB，1651，主板产业股）成功标得“怡保火车站综合发展计划”（iRide）项目，并在本周四在霹雳怡保举行签约仪式。
https://www.enanyang.my/node/646722
Newbie Trading Channel
21 Jan, 04:02
✅ As Trump officially become US President, analyst expect Trump may relax the export restriction policy on artificial intelligence chips signed by former President Biden.
NATGATE 2.36 (+0.17)
GAMUDA 4.44 (+0.10)
SUNCON 3.77 (+0.37)
YTL 2.37 (+0.14)
YTLPOWR 4.02 (+0.12)
*Trump revokes Biden executive order on addressing AI risks*-
https://www.reuters.com/technology/artificial-intelligence/trump-revokes-biden-executive-order-addressing-ai-risks-2025-01-21/
NATGATE 2.36 (+0.17)
GAMUDA 4.44 (+0.10)
SUNCON 3.77 (+0.37)
YTL 2.37 (+0.14)
YTLPOWR 4.02 (+0.12)
*Trump revokes Biden executive order on addressing AI risks*-
https://www.reuters.com/technology/artificial-intelligence/trump-revokes-biden-executive-order-addressing-ai-risks-2025-01-21/
Newbie Trading Channel
21 Jan, 00:57
*SHORT TERM TREND*
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1566.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4283.
*Mini Dow*
Trend: *UP*
Might change if price breaks below 43614.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 77.30.
*GOLD*
Trend : *DOWN*
Might change if price breaks above 2736.80.
*HSI*
Trend : *UP*
Might change if price breaks below 19822.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1566.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4283.
*Mini Dow*
Trend: *UP*
Might change if price breaks below 43614.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 77.30.
*GOLD*
Trend : *DOWN*
Might change if price breaks above 2736.80.
*HSI*
Trend : *UP*
Might change if price breaks below 19822.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
21 Jan, 00:54
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
21 Jan 2025
Download report here: https://tinyurl.com/4z73uefy
*DAYANG (5141)*: Shariah Compliant
Outlook: Breakout MYR2.13
Resistance: MYR2.35, MYR2.50
Support: MYR1.95
(time frame: 2-4 weeks)
*PMETAL (8869)*: Shariah Compliant
Outlook: Pending Breakout MYR5
Resistance: MYR5.30, MYR5.65
Support: MYR4.65
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
21 Jan 2025
Download report here: https://tinyurl.com/4z73uefy
*DAYANG (5141)*: Shariah Compliant
Outlook: Breakout MYR2.13
Resistance: MYR2.35, MYR2.50
Support: MYR1.95
(time frame: 2-4 weeks)
*PMETAL (8869)*: Shariah Compliant
Outlook: Pending Breakout MYR5
Resistance: MYR5.30, MYR5.65
Support: MYR4.65
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
21 Jan, 00:14
The Star : Business Feed
Khazanah chief says MAHB buyout completion a ‘matter of time’
Khazanah chief says MAHB buyout completion a ‘matter of time’
Newbie Trading Channel
21 Jan, 00:13
The Star : Business Feed
TDM bags construction job worth RM72mil
TDM bags construction job worth RM72mil
Newbie Trading Channel
21 Jan, 00:13
The Star : Business Feed
Tex Cycle partners with Xantara for scheduled waste management
Tex Cycle partners with Xantara for scheduled waste management
Newbie Trading Channel
21 Jan, 00:13
The Star : Business Feed
Datasonic gets 2 contract extensions from KDN totalling RM150mil
Datasonic gets 2 contract extensions from KDN totalling RM150mil
Newbie Trading Channel
21 Jan, 00:12
🌐 *Global Market Updates*
*21 January 2025*
Indexes
🇺🇸 Dow _holiday_
🇬🇧 FTSE 8,520.54 ⬆️ 15.320
🇭🇰 HKSE 19,925.81 ⬆️ 341.750
🇨🇳 SSE 3,244.38 ⬆️ 2.556
🇲🇾 KLCI 1,572.34 ⬆️ 5.620
Energy/Precious Metal
⛽️ Crude Oil $76.89 ⬇️ 0.99❗
⛽️ Brent Oil $79.80 ⬇️ 0.99❗
⚜️ Gold $2,732.00 ⬆️ 0.20
🌴 Palm Oil $4,209.00 ⬆️ 3
Currency
💵 USD/MYR 4.4930
💴 CNY/MYR 0.6143
💵 SGD/MYR 3.3148
🌐 Global News
🔹 Investing.com -- Oil prices settled lower on Monday after U.S. President Donald Trump was sworn in for a second time, and said he would immediately declare a national energy emergency, promising to fill up strategic reserves and export American energy all over the world.
🔹 Trump, who vowed during his election campaign to "drill, baby, drill," will also sign an executive order focused on Alaska, the official said, adding that the state was critical to U.S. national security and could allow shipments of liquefied natural gas to other parts of the United States and to allied countries.
🔹 The US Dollar Index was 0.3% weaker on Monday, providing support to gold prices. A weaker dollar typically drives gold prices higher because it makes the metal cheaper for buyers using other currencies.
Sources from: Investing.com
https://www.investing.com/news/commodities-news/oil-prices-climb-as-supply-concerns-over-russian-sanctions-persist-3820159
*21 January 2025*
Indexes
🇺🇸 Dow _holiday_
🇬🇧 FTSE 8,520.54 ⬆️ 15.320
🇭🇰 HKSE 19,925.81 ⬆️ 341.750
🇨🇳 SSE 3,244.38 ⬆️ 2.556
🇲🇾 KLCI 1,572.34 ⬆️ 5.620
Energy/Precious Metal
⛽️ Crude Oil $76.89 ⬇️ 0.99❗
⛽️ Brent Oil $79.80 ⬇️ 0.99❗
⚜️ Gold $2,732.00 ⬆️ 0.20
🌴 Palm Oil $4,209.00 ⬆️ 3
Currency
💵 USD/MYR 4.4930
💴 CNY/MYR 0.6143
💵 SGD/MYR 3.3148
🌐 Global News
🔹 Investing.com -- Oil prices settled lower on Monday after U.S. President Donald Trump was sworn in for a second time, and said he would immediately declare a national energy emergency, promising to fill up strategic reserves and export American energy all over the world.
🔹 Trump, who vowed during his election campaign to "drill, baby, drill," will also sign an executive order focused on Alaska, the official said, adding that the state was critical to U.S. national security and could allow shipments of liquefied natural gas to other parts of the United States and to allied countries.
🔹 The US Dollar Index was 0.3% weaker on Monday, providing support to gold prices. A weaker dollar typically drives gold prices higher because it makes the metal cheaper for buyers using other currencies.
Sources from: Investing.com
https://www.investing.com/news/commodities-news/oil-prices-climb-as-supply-concerns-over-russian-sanctions-persist-3820159
Newbie Trading Channel
20 Jan, 23:40
*RHB♦️Investment Bank Bhd*
*21st January 2025*
*Dow Jones* : Holiday
*Nasdaq* : Holiday
*S&P 500*: Holiday
_The stock markets in the United States are closed on Monday, January 20, on account of Martin Luther King Jr. Day holiday_
https://ceomorningbrief.theedgemalaysia.com/2025/0899/
*WTI CRUDE OIL* : 76.89
⏬0.99 / 1.27% ❗
*BRENT OIL* : 79.80
⏬0.99 / 1.23% ❗
*GOLD PRICE* : 2,732.00
⏫0.20 / 0.01%
*USD/MYR* : 4.49
*CORPORATE NEWS*
A consortium led by Khazanah Nasional Bhd is revising the terms for its takeover offer for *Malaysia Airports Holdings Bhd (KL:AIRPORT)* to lower the acceptance conditions to at least 85%. The offer price of RM11 per share, as well as all other terms and conditions of the offer, remained unchanged.
Convenience store chain operator *7-Eleven Malaysia Holdings Bhd (KL:SEM)*, in which Berjaya Group founder Tan Sri Vincent Tan owns a 28.07% stake, is setting up 100 original cash recycling machines (CRM) at its outlets across Malaysia. The CRMs — offering cheque deposit machines and automated teller machines services — are deployed by Reachful Malaysia Sdn Bhd (formerly known as Abadi Tambah Mulia Internasional Malaysia Sdn Bhd).
*Fajarbaru Builder Group Bhd (KL:FAJAR)* has signed the master purchase and development agreement with Penang Development Corp (PDC) for the first phase of the Penang Medi-City project in Batu Kawan. Fajarbaru Builder also entered into strategic collaborations with various partners to enhance the project's impact, including *Pelaburan Hartanah Bhd (PHB), Solarvest Holdings Bhd (KL:SLVEST), KJTS Group Bhd (KL:KJTS)*, and Cellaax Sdn Bhd.
*Datasonici secured one-year extensions for its contracts to supply Malaysian passports and polycarbonate biodata pages to the Immigration Department of Malaysia. The extensions came with additional contract ceilings of RM57.15 million for the passport supply contract, and RM93.3 million for the polycarbonate biodata pages supply contract.
A vehicle linked to *Scanwolf Corp Bhd (KL:SCNWOLF)* managing director Eddy Seah Ley Hong has triggered a mandatory takeover offer to acquire all the remaining shares it does not own in the plastic extrusion maker at 54 sen per share. The takeover offer was triggered after the offeror, Mighty Alliance Sdn Bhd, acquired a 34.38% stake or 69.81 million shares in Scanwolf from its shareholders’ vehicles at 54 sen apiece.
*WTK Holdings Bhd (KL:WTK)* said a fire broke out at its unit’s tape manufacturing factory in Perai, Penang, on Jan 17. The financial impact of the fire that occurred at its wholly owned Loytape Industries Sdn Bhd’s manufacturing plant last Friday is still being assessed, but WTK’s preliminary estimate points to the impact on its earnings not being substantial and will be mitigated by adequate insurance coverage. — Timber outfit WTK reports fire in Penang tape factory, financial impact ‘not expected to be substantial’
*UUE Holdings Bhd (KL:UUE)* has secured two contract renewals worth a total of RM27.5 million from Sutera Utama Sdn Bhd. The first contract, valued at RM13 million, involves the installation, testing and commissioning of 11kV underground cables and related accessories in Tenaga Nasional Bhd's (KL:TENAGA) East Coast distribution network. This renewal brings the total value of the project to RM39.1 million and is expected to be completed by February 2026. The second contract, worth RM14.5 million, covers similar works in the southern region of Malaysia. This renewal increases the total value of the project to RM43.6 million, with completion slated for December 2025. — UUE secures RM27.5m in contract renewals, boosting total 2025 contract wins to RM64m
*SkyWorld Development Bhd (KL:SKYWLD)* has proposed to diversify into manufacturing prefabricated and prefinished modular systems, which it plans to employ in its affordable housing project in Penang.
*21st January 2025*
*Dow Jones* : Holiday
*Nasdaq* : Holiday
*S&P 500*: Holiday
_The stock markets in the United States are closed on Monday, January 20, on account of Martin Luther King Jr. Day holiday_
https://ceomorningbrief.theedgemalaysia.com/2025/0899/
*WTI CRUDE OIL* : 76.89
⏬0.99 / 1.27% ❗
*BRENT OIL* : 79.80
⏬0.99 / 1.23% ❗
*GOLD PRICE* : 2,732.00
⏫0.20 / 0.01%
*USD/MYR* : 4.49
*CORPORATE NEWS*
A consortium led by Khazanah Nasional Bhd is revising the terms for its takeover offer for *Malaysia Airports Holdings Bhd (KL:AIRPORT)* to lower the acceptance conditions to at least 85%. The offer price of RM11 per share, as well as all other terms and conditions of the offer, remained unchanged.
Convenience store chain operator *7-Eleven Malaysia Holdings Bhd (KL:SEM)*, in which Berjaya Group founder Tan Sri Vincent Tan owns a 28.07% stake, is setting up 100 original cash recycling machines (CRM) at its outlets across Malaysia. The CRMs — offering cheque deposit machines and automated teller machines services — are deployed by Reachful Malaysia Sdn Bhd (formerly known as Abadi Tambah Mulia Internasional Malaysia Sdn Bhd).
*Fajarbaru Builder Group Bhd (KL:FAJAR)* has signed the master purchase and development agreement with Penang Development Corp (PDC) for the first phase of the Penang Medi-City project in Batu Kawan. Fajarbaru Builder also entered into strategic collaborations with various partners to enhance the project's impact, including *Pelaburan Hartanah Bhd (PHB), Solarvest Holdings Bhd (KL:SLVEST), KJTS Group Bhd (KL:KJTS)*, and Cellaax Sdn Bhd.
*Datasonici secured one-year extensions for its contracts to supply Malaysian passports and polycarbonate biodata pages to the Immigration Department of Malaysia. The extensions came with additional contract ceilings of RM57.15 million for the passport supply contract, and RM93.3 million for the polycarbonate biodata pages supply contract.
A vehicle linked to *Scanwolf Corp Bhd (KL:SCNWOLF)* managing director Eddy Seah Ley Hong has triggered a mandatory takeover offer to acquire all the remaining shares it does not own in the plastic extrusion maker at 54 sen per share. The takeover offer was triggered after the offeror, Mighty Alliance Sdn Bhd, acquired a 34.38% stake or 69.81 million shares in Scanwolf from its shareholders’ vehicles at 54 sen apiece.
*WTK Holdings Bhd (KL:WTK)* said a fire broke out at its unit’s tape manufacturing factory in Perai, Penang, on Jan 17. The financial impact of the fire that occurred at its wholly owned Loytape Industries Sdn Bhd’s manufacturing plant last Friday is still being assessed, but WTK’s preliminary estimate points to the impact on its earnings not being substantial and will be mitigated by adequate insurance coverage. — Timber outfit WTK reports fire in Penang tape factory, financial impact ‘not expected to be substantial’
*UUE Holdings Bhd (KL:UUE)* has secured two contract renewals worth a total of RM27.5 million from Sutera Utama Sdn Bhd. The first contract, valued at RM13 million, involves the installation, testing and commissioning of 11kV underground cables and related accessories in Tenaga Nasional Bhd's (KL:TENAGA) East Coast distribution network. This renewal brings the total value of the project to RM39.1 million and is expected to be completed by February 2026. The second contract, worth RM14.5 million, covers similar works in the southern region of Malaysia. This renewal increases the total value of the project to RM43.6 million, with completion slated for December 2025. — UUE secures RM27.5m in contract renewals, boosting total 2025 contract wins to RM64m
*SkyWorld Development Bhd (KL:SKYWLD)* has proposed to diversify into manufacturing prefabricated and prefinished modular systems, which it plans to employ in its affordable housing project in Penang.
Newbie Trading Channel
20 Jan, 23:40
*Mieco Chipboard Bhd (KL:MIECO)* is disposing of two pieces of industrial land in Kuantan, Pahang, for RM40 million to transportation company G-Force Sdn Bhd, in a bid to reduce fixed overhead costs and improve production efficiency. The disposal will result in an estimated net loss of RM2.45 million. The properties, comprising two pieces of leasehold industrial land in Kawasan Perindustrian Gebeng, have a combined land area of about 17.76 hectares and a built-up area of 638,767 sq ft, comprising factory, warehouse, and ancillary buildings ranging in age from eight to 30 years. — Mieco to sell two pieces of industrial land in Kuantan at RM2.45m loss
*Maxland Bhd’s (KL:MAXLAND)* wholly owned units Maxland Energy Sdn Bhd and Maxland Real Sdn Bhd have inked a formal deal to collaborate with data processing services provider GDC Data Sdn Bhd to jointly venture into data centre development in Kulim, Kedah. Under the deal, GDC Data will acquire a 49% stake in Maxland Real, which is to serve as the joint-venture company for the collaboration.
*Maxland Bhd’s (KL:MAXLAND)* wholly owned units Maxland Energy Sdn Bhd and Maxland Real Sdn Bhd have inked a formal deal to collaborate with data processing services provider GDC Data Sdn Bhd to jointly venture into data centre development in Kulim, Kedah. Under the deal, GDC Data will acquire a 49% stake in Maxland Real, which is to serve as the joint-venture company for the collaboration.
Newbie Trading Channel
20 Jan, 09:15
The Star : Business Feed
Fajarbaru, PDC ink master PDA for phase 1 of Penang Medi-City
Fajarbaru, PDC ink master PDA for phase 1 of Penang Medi-City
Newbie Trading Channel
20 Jan, 09:15
The Star : Business Feed
Asian currencies, equities rise ahead of Trump's new term
Asian currencies, equities rise ahead of Trump's new term
Newbie Trading Channel
20 Jan, 09:14
The Star : Business Feed
Japan's Seven Bank expands into Malaysia, targets 100 CRM units at 7-Eleven stores this year
Japan's Seven Bank expands into Malaysia, targets 100 CRM units at 7-Eleven stores this year
Newbie Trading Channel
20 Jan, 09:14
The Star : Business Feed
Trump's crypto token surges to US$11.7bil market cap, bitcoin hits record high
Trump's crypto token surges to US$11.7bil market cap, bitcoin hits record high
Newbie Trading Channel
20 Jan, 00:29
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
20 Jan 2025
Download report here: https://tinyurl.com/3cvntxsf
*CLOUDPT (0277)*: Shariah Compliant
Outlook: Pending Breakout MYR0.97
Resistance: MYR1.05, MYR1.15
Support: MYR0.90
(time frame: 2-4 weeks)
*ABMB (2488)*:
Outlook: Breakout MYR5.10
Resistance: MYR5.35, MYR5.70
Support: MYR4.80
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
20 Jan 2025
Download report here: https://tinyurl.com/3cvntxsf
*CLOUDPT (0277)*: Shariah Compliant
Outlook: Pending Breakout MYR0.97
Resistance: MYR1.05, MYR1.15
Support: MYR0.90
(time frame: 2-4 weeks)
*ABMB (2488)*:
Outlook: Breakout MYR5.10
Resistance: MYR5.35, MYR5.70
Support: MYR4.80
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
20 Jan, 00:12
*MYMBN Bhd (KL:MBN)* said on Friday that the Department of Veterinary Services Malaysia has lifted the temporary suspension of exports of both raw-cleaned edible bird’s nest (RCEBN) and raw-uncleaned edible bird’s nest (RUCEBN) products to China after nearly one month. This is expected to bring major relief to MYMBN, given that China is a primary market for the group. MYMBN said the department has issued a press notice for the resumption of exports for both RCEBN and RUCEBN products to China.
*Homeritz Corp Bhd (KL:HOMERIZ)* said on Friday that the fire at one of its production facilities in Muar, Johor, has been confirmed to result in an estimated loss of RM3 million, and will be recognised in the company’s financial results for the quarter ending Feb 28, 2025 (2QFY2025). Homeritz confirmed that the fire, which occurred last month, was caused by a spark from a switch at the duct conveyor spray booth.
*Homeritz Corp Bhd (KL:HOMERIZ)* said on Friday that the fire at one of its production facilities in Muar, Johor, has been confirmed to result in an estimated loss of RM3 million, and will be recognised in the company’s financial results for the quarter ending Feb 28, 2025 (2QFY2025). Homeritz confirmed that the fire, which occurred last month, was caused by a spark from a switch at the duct conveyor spray booth.
Newbie Trading Channel
20 Jan, 00:12
*RHB♦️Investment Bank Bhd*
20th January 2025
*Dow Jones* :43,487.83
⬆️334.70/0.78%‼️
*Nasdaq* :19,630.20
⬆️291.91/1.51%‼️
*S&P 500*:5,996.66
⬆️59.32/1.00%‼️
Stocks climbed Friday, as the three major averages posted their first weekly gain of the new year.
*WTI CRUDE OIL* :78.04
⬇️0.64/0.81%‼️
*BRENT OIL* :80.76
⬇️0.53/0.65%‼️
*GOLD PRICE* : 2,740.00
⬇️10.90/ 0.40%‼️
*USD/MYR* : 4.50
*CORPORATE NEWS*
*CIMB Group Holdings Bhd (KL:CIMB)* on Friday announced a restructuring of its senior leadership team, marked by the departure of key executive Effendy Shahul Hamid and the decoupling of its consumer and digital banking business.Gurdip Singh Sidhu, currently CEO of CIMB Malaysia and CIMB Bank Bhd, will now also oversee CIMB’s digital business, including Touch ‘n Go, TNG Digital, CIMB Philippines and CIMB Vietnam.
*Berjaya Corp Bhd (KL:BJCORP)* remains committed to participating in the Kuala Lumpur-Singapore high-speed rail (HSR) project. However, the project’s progression depends on the government's decision-making process and financial conditions, said the group's founder Tan Sri Vincent Tan Chee Yioun. “We tried to be in the consortium, but the government is still tidak tentu (undecided on the railway project),” he said.
*Mitrajaya Holdings Bhd (KL:MITRA)* said it has secured a RM375.5 million contract for the construction of a data centre in Kuala Lumpur. The construction group said the contract was awarded by NextDC Sdn Bhd, the Malaysian unit of Australia's data centre operator NextDC Ltd.
*HeiTech Padu Bhd (KL:HTPADU)* has secured a second-time contract extension for the provision of maintenance services for the Malaysian Immigration System (MyIMMs), valued at RM28.26 million. The two-year extension will commence on Feb 18, 2025, and runs until Feb 17, 2027. Any further renewal or extension remains at the government’s discretion, the company said. Meanwhile, *Data sonic Group Bhd (KL:DATASONIC)* has secured a fresh contract from the Home Ministry for the maintenance of the facial live capture (FLC) system at Immigration Department offices. The RM6.37 million contract, awarded to its wholly-owned subsidiary Datasonic Technologies Sdn Bhd, covers the maintenance of equipment, software and applications for the FLC system for a 36-month period from Feb 25, 2025.
*Petronas Gas Bhd’s (KL:PETGAS*) wholly-owned subsidiary Regas Terminal (Pengerang) Sdn Bhd (RGTP) has executed and completed a share subscription agreement with Dialog Equity (Three) Sdn Bhd (DE3SB) for the development of Malaysia’s first liquefied natural gas (LNG)-driven air separation unit (ASU) in Pengerang, Johor. Under the shareholder agreement, DE3SB, a wholly-owned unit of Dialog Group Bhd (KL:DIALOG), will subscribe to 27.78% of shares in RGTP by acquiring 500 ordinary shares for RM500,000, and 9,724 redeemable preference shares for RM9.7 million.
*Hong Leong Bank Bhd (KL:HLBANK)* said on Friday it has signed an agreement to cooperate with WeBank Technology Services, a subsidiary of WeBank, China's largest digital bank, as it aims to raise its operational efficiency and leverage artificial intelligence (AI). Hong Leong Bank will also leverage WeBank Technology Services’ expertise in AI to develop automation tools and applications, boosting its salesforce and operational teams.
*JF Technology Bhd (KL:JFTECH)* co-founder and managing director Datuk Foong Wei Kuong continued to mop up shares in Cosmos Technology International Bhd (KL:COSMOS) from MSM International Ltd. According to a bourse filing on Friday, Foong bought another 14.36 million shares or an additional 5.6% stake in Cosmos from MSM, raising his stake in the integrated water solutions provider to 17.95% from 12.35%. Bloomberg data showed that the latest transaction was done at 39.4 sen per share, the same price at which Foong purchased two blocks of Cosmos shares in December last year. — JF Tech MD lifts Cosmos stake by 5.6%
20th January 2025
*Dow Jones* :43,487.83
⬆️334.70/0.78%‼️
*Nasdaq* :19,630.20
⬆️291.91/1.51%‼️
*S&P 500*:5,996.66
⬆️59.32/1.00%‼️
Stocks climbed Friday, as the three major averages posted their first weekly gain of the new year.
*WTI CRUDE OIL* :78.04
⬇️0.64/0.81%‼️
*BRENT OIL* :80.76
⬇️0.53/0.65%‼️
*GOLD PRICE* : 2,740.00
⬇️10.90/ 0.40%‼️
*USD/MYR* : 4.50
*CORPORATE NEWS*
*CIMB Group Holdings Bhd (KL:CIMB)* on Friday announced a restructuring of its senior leadership team, marked by the departure of key executive Effendy Shahul Hamid and the decoupling of its consumer and digital banking business.Gurdip Singh Sidhu, currently CEO of CIMB Malaysia and CIMB Bank Bhd, will now also oversee CIMB’s digital business, including Touch ‘n Go, TNG Digital, CIMB Philippines and CIMB Vietnam.
*Berjaya Corp Bhd (KL:BJCORP)* remains committed to participating in the Kuala Lumpur-Singapore high-speed rail (HSR) project. However, the project’s progression depends on the government's decision-making process and financial conditions, said the group's founder Tan Sri Vincent Tan Chee Yioun. “We tried to be in the consortium, but the government is still tidak tentu (undecided on the railway project),” he said.
*Mitrajaya Holdings Bhd (KL:MITRA)* said it has secured a RM375.5 million contract for the construction of a data centre in Kuala Lumpur. The construction group said the contract was awarded by NextDC Sdn Bhd, the Malaysian unit of Australia's data centre operator NextDC Ltd.
*HeiTech Padu Bhd (KL:HTPADU)* has secured a second-time contract extension for the provision of maintenance services for the Malaysian Immigration System (MyIMMs), valued at RM28.26 million. The two-year extension will commence on Feb 18, 2025, and runs until Feb 17, 2027. Any further renewal or extension remains at the government’s discretion, the company said. Meanwhile, *Data sonic Group Bhd (KL:DATASONIC)* has secured a fresh contract from the Home Ministry for the maintenance of the facial live capture (FLC) system at Immigration Department offices. The RM6.37 million contract, awarded to its wholly-owned subsidiary Datasonic Technologies Sdn Bhd, covers the maintenance of equipment, software and applications for the FLC system for a 36-month period from Feb 25, 2025.
*Petronas Gas Bhd’s (KL:PETGAS*) wholly-owned subsidiary Regas Terminal (Pengerang) Sdn Bhd (RGTP) has executed and completed a share subscription agreement with Dialog Equity (Three) Sdn Bhd (DE3SB) for the development of Malaysia’s first liquefied natural gas (LNG)-driven air separation unit (ASU) in Pengerang, Johor. Under the shareholder agreement, DE3SB, a wholly-owned unit of Dialog Group Bhd (KL:DIALOG), will subscribe to 27.78% of shares in RGTP by acquiring 500 ordinary shares for RM500,000, and 9,724 redeemable preference shares for RM9.7 million.
*Hong Leong Bank Bhd (KL:HLBANK)* said on Friday it has signed an agreement to cooperate with WeBank Technology Services, a subsidiary of WeBank, China's largest digital bank, as it aims to raise its operational efficiency and leverage artificial intelligence (AI). Hong Leong Bank will also leverage WeBank Technology Services’ expertise in AI to develop automation tools and applications, boosting its salesforce and operational teams.
*JF Technology Bhd (KL:JFTECH)* co-founder and managing director Datuk Foong Wei Kuong continued to mop up shares in Cosmos Technology International Bhd (KL:COSMOS) from MSM International Ltd. According to a bourse filing on Friday, Foong bought another 14.36 million shares or an additional 5.6% stake in Cosmos from MSM, raising his stake in the integrated water solutions provider to 17.95% from 12.35%. Bloomberg data showed that the latest transaction was done at 39.4 sen per share, the same price at which Foong purchased two blocks of Cosmos shares in December last year. — JF Tech MD lifts Cosmos stake by 5.6%
Newbie Trading Channel
19 Jan, 07:17
仅用2令吉小赌注
巴生幸运儿抱走3492万巨奖!
根据多多官网的信息，他们每人的购彩方式和投注金额也各有不同。
https://www.enanyang.my/node/646408
巴生幸运儿抱走3492万巨奖!
根据多多官网的信息，他们每人的购彩方式和投注金额也各有不同。
https://www.enanyang.my/node/646408
Newbie Trading Channel
19 Jan, 07:15
The Star : Business Feed
Share price drop may be due to court decision on Apple Malaysia's suit, says Salutica
Share price drop may be due to court decision on Apple Malaysia's suit, says Salutica
Newbie Trading Channel
19 Jan, 07:15
The Star : Business Feed
MyMBN resumes bird’s nest exports to China after temporary halt
MyMBN resumes bird’s nest exports to China after temporary halt
Newbie Trading Channel
19 Jan, 07:15
The Star : Business Feed
Berjaya's Vincent Tan urges local companies to joint HSR consortium after MRCB makes exit
Berjaya's Vincent Tan urges local companies to joint HSR consortium after MRCB makes exit
Newbie Trading Channel
19 Jan, 07:15
The Star : Business Feed
Nintendo to release Switch 2 this year; shares slide 4%
Nintendo to release Switch 2 this year; shares slide 4%
Newbie Trading Channel
17 Jan, 09:08
*RHB♦️Investment Bank Bhd*
Friday 17/01/2025
FBMKLCI : *1,566.72*
*⬆️ 11.18 (0.72%)*
Volume : *3.114B*
Value : *3.065B*
⬆️ 549
⬇️ 433
🔁 521
_KLCI closed higher, supported by blue chip stock and end the week with a partial retracement of earlier losses._
Top 3 active stocks :
GAMUDA 4.240 ⬇️ 0.020
SALUTE 0.265 ⬇️ 0.155
VELESTO 0.185 ⬆️ 0.020
Friday 17/01/2025
FBMKLCI : *1,566.72*
*⬆️ 11.18 (0.72%)*
Volume : *3.114B*
Value : *3.065B*
⬆️ 549
⬇️ 433
🔁 521
_KLCI closed higher, supported by blue chip stock and end the week with a partial retracement of earlier losses._
Top 3 active stocks :
GAMUDA 4.240 ⬇️ 0.020
SALUTE 0.265 ⬇️ 0.155
VELESTO 0.185 ⬆️ 0.020
Newbie Trading Channel
17 Jan, 07:45
The Star : Business Feed
Trump's inauguration marks new era for cryptocurrency
Trump's inauguration marks new era for cryptocurrency
Newbie Trading Channel
17 Jan, 01:56
The Star : Business Feed
Bleeding continues on Bursa Malaysia pending more clarity from Trump's policies
Bleeding continues on Bursa Malaysia pending more clarity from Trump's policies
Newbie Trading Channel
17 Jan, 00:43
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
17 Jan 2025
Download report here: https://tinyurl.com/yckzs8pf
*ARMADA (5210)*: Shariah Compliant
Outlook: Pending Breakout MYR0.67
Resistance: MYR0.72, MYR0.77
Support: MYR0.62
(time frame: 2-4 weeks)
*RAMSSOL (0236)*: Shariah Compliant
Outlook: Breakout MYR0.765
Resistance: MYR0.82, MYR0.88
Support: MYR0.70
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
17 Jan 2025
Download report here: https://tinyurl.com/yckzs8pf
*ARMADA (5210)*: Shariah Compliant
Outlook: Pending Breakout MYR0.67
Resistance: MYR0.72, MYR0.77
Support: MYR0.62
(time frame: 2-4 weeks)
*RAMSSOL (0236)*: Shariah Compliant
Outlook: Breakout MYR0.765
Resistance: MYR0.82, MYR0.88
Support: MYR0.70
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
17 Jan, 00:32
*SHORT TERM TREND*
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1575.50.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4345.
*Mini Dow*
Trend: *UP*
Might change if price breaks below 43206.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 77.76.
*GOLD*
Trend : *UP*
Might change if price breaks below 2727.10.
*HSI*
Trend : *UP*
Might change if price breaks below 19363.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1575.50.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4345.
*Mini Dow*
Trend: *UP*
Might change if price breaks below 43206.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 77.76.
*GOLD*
Trend : *UP*
Might change if price breaks below 2727.10.
*HSI*
Trend : *UP*
Might change if price breaks below 19363.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
16 Jan, 23:53
🌐 *Global Market Updates*
*_17th January 2025_*
Indexes
🇺🇸 Dow 43,153.13 ⬇️ 68.42
🇬🇧 FTSE 8,391.90 ⬆️ 90.77
🇭🇰 HKSE 19,522.80 ⬆️ 236.82
🇨🇳 SSE 3,236.03 ⬆️ 8.92
🇲🇾 KLCI 1,555.54 ⬇️ 6.58
Energy/Precious Metal
⛽️Crude Oil $77.91 ⬇️ 0.80
⛽️Brent Oil $81.34 ⬆️ 0.01
⚜️Gold $2,746.95 ⬆️ 29.15
🌴 Palm Oil $4,108 ⬇️ 78
Currency
💵 USD/MYR 4.5000
💴 CNY/MYR 0.6141
💵 SGD/MYR 3.2938
🌐 Global News
🔹U.S. stock indexes drifted lower following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies.
🔹 Oil prices settled lower on Thursday with Yemen's Houthi militia expected to halt attacks on ships in the Red Sea, and investors weighing strong U.S. retail sales data.
🔹Gold prices rose to above one-month highs Thursday, tracking a drop in the dollar and Treasury yields as mildly softer consumer inflation data spurred bets on lower interest rates this year.
Sources From:
https://finance.yahoo.com/news/major-us-stock-indexes-fared-211653847.html
*_17th January 2025_*
Indexes
🇺🇸 Dow 43,153.13 ⬇️ 68.42
🇬🇧 FTSE 8,391.90 ⬆️ 90.77
🇭🇰 HKSE 19,522.80 ⬆️ 236.82
🇨🇳 SSE 3,236.03 ⬆️ 8.92
🇲🇾 KLCI 1,555.54 ⬇️ 6.58
Energy/Precious Metal
⛽️Crude Oil $77.91 ⬇️ 0.80
⛽️Brent Oil $81.34 ⬆️ 0.01
⚜️Gold $2,746.95 ⬆️ 29.15
🌴 Palm Oil $4,108 ⬇️ 78
Currency
💵 USD/MYR 4.5000
💴 CNY/MYR 0.6141
💵 SGD/MYR 3.2938
🌐 Global News
🔹U.S. stock indexes drifted lower following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies.
🔹 Oil prices settled lower on Thursday with Yemen's Houthi militia expected to halt attacks on ships in the Red Sea, and investors weighing strong U.S. retail sales data.
🔹Gold prices rose to above one-month highs Thursday, tracking a drop in the dollar and Treasury yields as mildly softer consumer inflation data spurred bets on lower interest rates this year.
Sources From:
https://finance.yahoo.com/news/major-us-stock-indexes-fared-211653847.html
Newbie Trading Channel
16 Jan, 23:47
*RHB♦️Investment Bank Bhd*
17th January 2025
https://
ceomorningbrief.theedgemalaysia.com/2025/0898/
*Dow Jones* :43,153.13
⬇️68.42/0.16%
*Nasdaq* :19,338.29
⬇️172.94/0.89%‼️
*S&P 500*:5,937.94
⬇️12.57/0.21%‼️
The S&P 500 slipped Thursday, ending a three-day winning streak, as big tech shares pulled back.
*WTI CRUDE OIL* :78.17
⬇️1.27/1.59%‼️
*BRENT OIL* :81.35
⬇️0.68/0.83%‼️
*GOLD PRICE* : 2,746.90
⬆️29.10/ 1.07%‼️
*USD/MYR* : 4.50
*CORPORATE NEWS*
Investment management firm Vertical Theme Sdn Bhd is planning to seek approval in the coming weeks to start talks about selling its stake in Alliance Bank Malaysia Bhd (KL:ABMB), Bloomberg reported, citing people familiar with the development. Vertical Theme, a Malaysian holding company, is considering selling its roughly 29% stake in Alliance Bank to Singapore’s biggest lender, DBS Group Holdings Ltd, the report said. Under local rules, Vertical Theme needs to submit an application to Malaysia’s central bank to start any talks. If a deal goes through, DBS may consider raising its stake in Alliance Bank to up to 49% via a voluntary partial general offer, the people said. — Alliance Bank’s top shareholder Vertical Theme mulling sale to DBS, Bloomberg reports
Hextar Industries Bhd (KL:HEXIND) has announced the soft opening of five Luckin Coffee outlets by the end of January 2025. The first two outlets will open at Sunway Pyramid and Menara EcoWorld on Jan 23. Additional outlets will follow by the end of January. “This soft opening phase will allow the brand to gather valuable customer feedback and fine-tune its services,” the company said. — Hextar Industries to open five Luckin Coffee outlets by end of January
Jati Tinggi Group Bhd (KL:JTGROUP) has won the tender for a RM25.5 million contract from Tenaga Nasional Bhd (KL:TNB) to lay underground double-circuit cables for a data centre in Selangor. Jati Tinggi secured the project via its wholly-owned Jati Tinggi Holding Sdn Bhd. The contract is expected to be completed within 270 days from the commencement date. — Jati Tinggi bags RM25.5 mil job from TNB to lay cables for data centre
Ancom Nylex Bhd (KL:ANCOMNY) reported a 31% decline in net profit for the second financial quarter ended Nov 30, 2024 (2QFY2025) to RM15.16 million, from RM22.12 million a year earlier, on elevated freight cost and sharp foreign exchange (forex) fluctuations that affected its gross profit margin. This was offset by higher segmental profit at its logistics and polymer divisions. The lower quarterly earnings resulted in lower earnings per share of 1.26 sen for 2QFY2025, compared with 2.33 sen for 2QFY2024. Revenue for 2QFY2025 fell 11% to RM450.71 million, from RM505.16 million in 2QFY2024, largely due to lower contributions from the industrial chemical division, stemming from lower prices and orders. No dividend was recommended or proposed for the latest financial quarter. — Ancom Nylex's 2Q net profit down 31% on elevated freight cost, sharp forex fluctuations
Sarawak Oil Palms Bhd (KL:SOP) is targeting revenue of RMB2.4 million (RM1.5 million) as its flagship product, AvantHealth Avtriee Tocotrienols, makes its debut in the Chinese market. Sarawak Oil Palms chief operating officer Eric Kiu Kwong Seng said the premium tocotrienol product produced by the company’s unit, Avanstar International Sdn Bhd, has successfully penetrated most of China’s e-commerce platforms beginning this month. “We are targeting sales of around 10,000 bottles of AvantHealth Avtriee this year,” he said. — Sarawak Oil Palms eyes RM1.5 mil revenue with AvantHealth product’s debut in China
Sedania Innovator Bhd (KL:SEDANIA), which provides sustainable energy solutions as well as premium personal care and food supplements under the Tanamera brand, has hired Darren Choy to lead its fast-moving consumer goods (FMCG) business. Choy, formerly managing director of Warner Music Malaysia and Singapore, as well as Adidas Malaysia and Singapore, will succeed Ng Hock Guan, who stepped down as Sedania's FMCG Group chief executive officer due to personal commitments.
17th January 2025
https://
ceomorningbrief.theedgemalaysia.com/2025/0898/
*Dow Jones* :43,153.13
⬇️68.42/0.16%
*Nasdaq* :19,338.29
⬇️172.94/0.89%‼️
*S&P 500*:5,937.94
⬇️12.57/0.21%‼️
The S&P 500 slipped Thursday, ending a three-day winning streak, as big tech shares pulled back.
*WTI CRUDE OIL* :78.17
⬇️1.27/1.59%‼️
*BRENT OIL* :81.35
⬇️0.68/0.83%‼️
*GOLD PRICE* : 2,746.90
⬆️29.10/ 1.07%‼️
*USD/MYR* : 4.50
*CORPORATE NEWS*
Investment management firm Vertical Theme Sdn Bhd is planning to seek approval in the coming weeks to start talks about selling its stake in Alliance Bank Malaysia Bhd (KL:ABMB), Bloomberg reported, citing people familiar with the development. Vertical Theme, a Malaysian holding company, is considering selling its roughly 29% stake in Alliance Bank to Singapore’s biggest lender, DBS Group Holdings Ltd, the report said. Under local rules, Vertical Theme needs to submit an application to Malaysia’s central bank to start any talks. If a deal goes through, DBS may consider raising its stake in Alliance Bank to up to 49% via a voluntary partial general offer, the people said. — Alliance Bank’s top shareholder Vertical Theme mulling sale to DBS, Bloomberg reports
Hextar Industries Bhd (KL:HEXIND) has announced the soft opening of five Luckin Coffee outlets by the end of January 2025. The first two outlets will open at Sunway Pyramid and Menara EcoWorld on Jan 23. Additional outlets will follow by the end of January. “This soft opening phase will allow the brand to gather valuable customer feedback and fine-tune its services,” the company said. — Hextar Industries to open five Luckin Coffee outlets by end of January
Jati Tinggi Group Bhd (KL:JTGROUP) has won the tender for a RM25.5 million contract from Tenaga Nasional Bhd (KL:TNB) to lay underground double-circuit cables for a data centre in Selangor. Jati Tinggi secured the project via its wholly-owned Jati Tinggi Holding Sdn Bhd. The contract is expected to be completed within 270 days from the commencement date. — Jati Tinggi bags RM25.5 mil job from TNB to lay cables for data centre
Ancom Nylex Bhd (KL:ANCOMNY) reported a 31% decline in net profit for the second financial quarter ended Nov 30, 2024 (2QFY2025) to RM15.16 million, from RM22.12 million a year earlier, on elevated freight cost and sharp foreign exchange (forex) fluctuations that affected its gross profit margin. This was offset by higher segmental profit at its logistics and polymer divisions. The lower quarterly earnings resulted in lower earnings per share of 1.26 sen for 2QFY2025, compared with 2.33 sen for 2QFY2024. Revenue for 2QFY2025 fell 11% to RM450.71 million, from RM505.16 million in 2QFY2024, largely due to lower contributions from the industrial chemical division, stemming from lower prices and orders. No dividend was recommended or proposed for the latest financial quarter. — Ancom Nylex's 2Q net profit down 31% on elevated freight cost, sharp forex fluctuations
Sarawak Oil Palms Bhd (KL:SOP) is targeting revenue of RMB2.4 million (RM1.5 million) as its flagship product, AvantHealth Avtriee Tocotrienols, makes its debut in the Chinese market. Sarawak Oil Palms chief operating officer Eric Kiu Kwong Seng said the premium tocotrienol product produced by the company’s unit, Avanstar International Sdn Bhd, has successfully penetrated most of China’s e-commerce platforms beginning this month. “We are targeting sales of around 10,000 bottles of AvantHealth Avtriee this year,” he said. — Sarawak Oil Palms eyes RM1.5 mil revenue with AvantHealth product’s debut in China
Sedania Innovator Bhd (KL:SEDANIA), which provides sustainable energy solutions as well as premium personal care and food supplements under the Tanamera brand, has hired Darren Choy to lead its fast-moving consumer goods (FMCG) business. Choy, formerly managing director of Warner Music Malaysia and Singapore, as well as Adidas Malaysia and Singapore, will succeed Ng Hock Guan, who stepped down as Sedania's FMCG Group chief executive officer due to personal commitments.
Newbie Trading Channel
16 Jan, 23:47
Choy was also previously chief marketing officer of the Lotus Racing F1 Team, and MD of EMI Music Malaysia. — Sedania hires former Adidas, Warner Music MD to lead FMCG business
Tanco Holdings Bhd (KL:TANCO), whose share price surged to a 27-year high of RM2.13 on Thursday, has proposed a bonus issue of up to 3.85 billion new shares — on the basis of seven bonus shares for every five Tanco shares held — to reward shareholders. The entitlement date for the bonus issue will be announced later. Tanco shares would theoretically be adjusted to 51 sen per share after the bonus issuance, according to the company's estimates. — Tanco plans 7-for-5 bonus issue as share price hits 27-year high
Silver Ridge Holdings Bhd (KL:SRIDGE) said on Thursday that a legal dispute between the telecommunication system solutions provider and a subcontractor over an outstanding contract payment has been resolved through mediation. Under the consent judgment recorded on Wednesday, Silver Ridge will pay Wilstech RM1.01 million in 24 monthly instalments. No additional costs were awarded by the court. — Silver Ridge settles dispute with subcontractor over outstanding contract payment
Tanco Holdings Bhd (KL:TANCO), whose share price surged to a 27-year high of RM2.13 on Thursday, has proposed a bonus issue of up to 3.85 billion new shares — on the basis of seven bonus shares for every five Tanco shares held — to reward shareholders. The entitlement date for the bonus issue will be announced later. Tanco shares would theoretically be adjusted to 51 sen per share after the bonus issuance, according to the company's estimates. — Tanco plans 7-for-5 bonus issue as share price hits 27-year high
Silver Ridge Holdings Bhd (KL:SRIDGE) said on Thursday that a legal dispute between the telecommunication system solutions provider and a subcontractor over an outstanding contract payment has been resolved through mediation. Under the consent judgment recorded on Wednesday, Silver Ridge will pay Wilstech RM1.01 million in 24 monthly instalments. No additional costs were awarded by the court. — Silver Ridge settles dispute with subcontractor over outstanding contract payment
Newbie Trading Channel
16 Jan, 09:14
马股近日虽持续走跌，但随着农历新年临近，乐天交易（Rakuten Trade）精选出5只“红包股”，建议投资者可趁低吸纳。
https://www.enanyang.my/node/645871
https://www.enanyang.my/node/645871
Newbie Trading Channel
16 Jan, 09:12
现可闭着眼睛买股？ 乐天交易点出5只“红包股”
https://www.chinapress.com.my?p=4267048
https://www.chinapress.com.my?p=4267048
Newbie Trading Channel
16 Jan, 09:07
*RHB♦️Investment Bank Bhd*
Thursday 16/01/2025
FBMKLCI : *1,555.54*
*⬇️ 6.58 (0.42%)*
Volume : *3.611B*
Value : *3.163B*
⬆️ 480
⬇️ 525
🔁 500
_The early rebound on the domestic market proved short-lived once again after gains in equities prices evaporated due to profit-taking in selected heavyweights._
Top 3 active stocks :
CBHB 0.335 ⬆️ 0.055
TWL 0.025 🔁 0.00
GAMUDA 4.26 ⬇️ 0.19
Thursday 16/01/2025
FBMKLCI : *1,555.54*
*⬇️ 6.58 (0.42%)*
Volume : *3.611B*
Value : *3.163B*
⬆️ 480
⬇️ 525
🔁 500
_The early rebound on the domestic market proved short-lived once again after gains in equities prices evaporated due to profit-taking in selected heavyweights._
Top 3 active stocks :
CBHB 0.335 ⬆️ 0.055
TWL 0.025 🔁 0.00
GAMUDA 4.26 ⬇️ 0.19
Newbie Trading Channel
13 Jan, 09:26
*RHB♦️Investment Bank Bhd*
Monday 13/01/2025
FBMKLCI : *1,585.59*
*⬇️ 16.82 (1.05%)*
Volume : *2.852B*
Value : *2.544B*
⬆️ 211
⬇️ 897‼️
🔁 450
_Bursa Malaysia ended the day below 1,600 psychological support due to continuous selling in heavyweight stocks led by utilities and financial services counters._
Top 3 active stocks :
SET 0.375 ⬇️ 0.01
KGROUP 0.005 ⬇️ 0.005
YTLPOWER 4.00 ⬇️ 0.25
Monday 13/01/2025
FBMKLCI : *1,585.59*
*⬇️ 16.82 (1.05%)*
Volume : *2.852B*
Value : *2.544B*
⬆️ 211
⬇️ 897‼️
🔁 450
_Bursa Malaysia ended the day below 1,600 psychological support due to continuous selling in heavyweight stocks led by utilities and financial services counters._
Top 3 active stocks :
SET 0.375 ⬇️ 0.01
KGROUP 0.005 ⬇️ 0.005
YTLPOWER 4.00 ⬇️ 0.25
Newbie Trading Channel
13 Jan, 08:32
The Star : Business Feed
Wholesale and retail trade up 4.7% in November 2024 with RM149.3bil sales
Wholesale and retail trade up 4.7% in November 2024 with RM149.3bil sales
Newbie Trading Channel
13 Jan, 08:32
The Star : Business Feed
Malaysia imposes anti-dumping duties on iron, steel imports from 4 countries
Malaysia imposes anti-dumping duties on iron, steel imports from 4 countries
Newbie Trading Channel
13 Jan, 08:32
Gamuda unit bags RM8.3bil Penang Mutiara Line job
https://www.klsescreener.com/v2/news/view/1456755
https://www.klsescreener.com/v2/news/view/1456755
Newbie Trading Channel
13 Jan, 01:23
*SHORT TERM TREND*
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1612.
*FCPO*
Trend: *UP*
Might change if price breaks below 4353.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 42656.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 75.07.
*GOLD*
Trend : *UP*
Might change if price breaks below 2700.10.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19237.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1612.
*FCPO*
Trend: *UP*
Might change if price breaks below 4353.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 42656.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 75.07.
*GOLD*
Trend : *UP*
Might change if price breaks below 2700.10.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19237.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
13 Jan, 01:23
*SHORT TERM TREND*
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1612.
*FCPO*
Trend: *UP*
Might change if price breaks below 4353.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 42656.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 75.07.
*GOLD*
Trend : *UP*
Might change if price breaks below 2700.10.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19237.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1612.
*FCPO*
Trend: *UP*
Might change if price breaks below 4353.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 42656.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 75.07.
*GOLD*
Trend : *UP*
Might change if price breaks below 2700.10.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19237.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
13 Jan, 00:43
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
13 Jan 2025
Download report here: https://tinyurl.com/mpja6m2k
*GCB (5102)*: Shariah Compliant
Outlook: Breakout MYR4.07
Resistance: MYR4.40, MYR4.65
Support: MYR3.78
(time frame: 2-4 weeks)
*JPG (5323)*: Shariah Compliant
Outlook: Pending Breakout MYR1.16
Resistance: MYR1.24, MYR1.30
Support: MYR1.11
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
13 Jan 2025
Download report here: https://tinyurl.com/mpja6m2k
*GCB (5102)*: Shariah Compliant
Outlook: Breakout MYR4.07
Resistance: MYR4.40, MYR4.65
Support: MYR3.78
(time frame: 2-4 weeks)
*JPG (5323)*: Shariah Compliant
Outlook: Pending Breakout MYR1.16
Resistance: MYR1.24, MYR1.30
Support: MYR1.11
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
13 Jan, 00:18
*RHB♦️Investment Bank Bhd*
*13th January 2025*
*Dow Jones* :41,938.45
⬇️696.75/1.63%‼️
*Nasdaq* :19,161.63
⬇️317.25/1.63‼️
*S&P 500*:5,827.04
⬇️91.21/1.54‼️
_Stocks dropped on Friday after a hot jobs report dampened Wall Street’s expectations for more interest rate cuts from the Federal Reserve this year._
*WTI CRUDE OIL* :76.57
⬆️2.65/3.58%‼️
*BRENT OIL* :79.79
⬆️2.87/3.73%‼️
*GOLD PRICE* : 2,717.40
⬆️26.60/ 0.99%‼️
*USD/MYR* : 4.49
*CORPORATE NEWS*
• *Tenaga Nasional Bhd or TNB (KL:TENAGA)* said its unit TNB Western Energy Bhd (TNB WE) has been slapped with an income tax bill amounting to RM291.55 million from the Inland Revenue Board for the year of assessment 2018. TNB WE is an indirect wholly-owned subsidiary. The national utility company said TNB WE had on Dec 31, 2024 filed a judicial review application at the High Court to challenge matters arising from the assessment notice. On Thursday, the High Court had granted an interim stay of all further proceedings, including the enforcement of the notice, until the full and final disposal of the judicial review leave application. — IRB slaps TNB unit with RM292m tax bill
• *Berjaya Corporation Bhd (KL:BJCORP)* is seeking a new partner as it bids for a proposed multibillion-dollar high-speed rail (HSR) line between Kuala Lumpur and Singapore, after Malaysian Resources Corp Bhd (KL:MRCB) withdrew from the consortium last month, Berjaya Corp founder Tan Sri Vincent Tan Chee Yioun Chiun told reporters after officiating the Brahmarpanam Soup Kitchen in Kuala Lumpur. The consortium now comprises Berjaya Rail Sdn Bhd, Keretapi Tanah Melayu Bhd, IJM Corporation Bhd (KL:IJM), and technical partners such as Deutsche Bahn AG, Hitachi Rail and Hyundai Rotem Co. — Berjaya Corp's Vincent Tan seeks new partner in KL-Singapore HSR bid
• *Sime Darby Property Bhd (KL:SIMEPROP)* has acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor for RM232 million. The assets — previously owned by a 50:50 joint venture with a Japanese consortium — consolidates Sime Darby Property’s ownership of the logistics assets, according to its statement. The warehouses have a combined net lettable area of about 700,000 square feet. Sime Darby Property previously partnered Japan’s Mitsui & Co Ltd and Mitsubishi Estate Co Ltd to jointly develop and lease the built-to-suit facilities in Bandar Bukit Raja. — Sime Darby Property fully acquires Bandar Bukit Raja warehouses for RM232 mil
• *Uzma Bhd (KL:UZMA),* through its subsidiary Setegap Ventures Petroleum Sdn Bhd (SVP), has secured a one-year contract extension worth RM100 million from Petronas Carigali Sdn Bhd. The upstream supportive services provider said the contract is for the provision of coiled tubing and services for Petronas Carigali’s field offshore in east Malaysia. — Uzma bags RM100m contract extension from Petronas Carigali
• *Metronic Global Bhd (KL:MTRONIC),* which provides system integration services and integrated management systems, announced that its subsidiary, MAT JV Sdn Bhd, has been awarded a RM31 million contract by Gamuda M&E Sdn Bhd to supply instrumentation systems for the Sungai Rasau Water Supply Scheme project. Under the agreement, MAT JV will undertake the supply, installation, testing, commissioning and maintenance of instrumentation systems. — Metronic bags RM31m job to supply instrumentation systems for Sg Rasau Water Supply Scheme project
• *Kumpulan Perangsang Selangor Bhd (KL:KPS)* said its subsidiary's appeal to the Inland Revenue Board (IRB) against the RM7.89 million capital gains tax and penalty that was imposed on the company in November last year was accepted. The appeal was filed by its wholly-owned Bold Approach Sdn Bhd on Dec 17 last year. — IRB drops RM7.9 mil tax claim against Kumpulan Perangsang Selangor
• *Key Alliance Group Bhd (KL:KGROUP)* has proposed to consolidate its shares on a 30-to-one basis to improve its capital structure and aims to reduce the volatility of the trading price for its shares. Based on its closing price of 0.
*13th January 2025*
*Dow Jones* :41,938.45
⬇️696.75/1.63%‼️
*Nasdaq* :19,161.63
⬇️317.25/1.63‼️
*S&P 500*:5,827.04
⬇️91.21/1.54‼️
_Stocks dropped on Friday after a hot jobs report dampened Wall Street’s expectations for more interest rate cuts from the Federal Reserve this year._
*WTI CRUDE OIL* :76.57
⬆️2.65/3.58%‼️
*BRENT OIL* :79.79
⬆️2.87/3.73%‼️
*GOLD PRICE* : 2,717.40
⬆️26.60/ 0.99%‼️
*USD/MYR* : 4.49
*CORPORATE NEWS*
• *Tenaga Nasional Bhd or TNB (KL:TENAGA)* said its unit TNB Western Energy Bhd (TNB WE) has been slapped with an income tax bill amounting to RM291.55 million from the Inland Revenue Board for the year of assessment 2018. TNB WE is an indirect wholly-owned subsidiary. The national utility company said TNB WE had on Dec 31, 2024 filed a judicial review application at the High Court to challenge matters arising from the assessment notice. On Thursday, the High Court had granted an interim stay of all further proceedings, including the enforcement of the notice, until the full and final disposal of the judicial review leave application. — IRB slaps TNB unit with RM292m tax bill
• *Berjaya Corporation Bhd (KL:BJCORP)* is seeking a new partner as it bids for a proposed multibillion-dollar high-speed rail (HSR) line between Kuala Lumpur and Singapore, after Malaysian Resources Corp Bhd (KL:MRCB) withdrew from the consortium last month, Berjaya Corp founder Tan Sri Vincent Tan Chee Yioun Chiun told reporters after officiating the Brahmarpanam Soup Kitchen in Kuala Lumpur. The consortium now comprises Berjaya Rail Sdn Bhd, Keretapi Tanah Melayu Bhd, IJM Corporation Bhd (KL:IJM), and technical partners such as Deutsche Bahn AG, Hitachi Rail and Hyundai Rotem Co. — Berjaya Corp's Vincent Tan seeks new partner in KL-Singapore HSR bid
• *Sime Darby Property Bhd (KL:SIMEPROP)* has acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor for RM232 million. The assets — previously owned by a 50:50 joint venture with a Japanese consortium — consolidates Sime Darby Property’s ownership of the logistics assets, according to its statement. The warehouses have a combined net lettable area of about 700,000 square feet. Sime Darby Property previously partnered Japan’s Mitsui & Co Ltd and Mitsubishi Estate Co Ltd to jointly develop and lease the built-to-suit facilities in Bandar Bukit Raja. — Sime Darby Property fully acquires Bandar Bukit Raja warehouses for RM232 mil
• *Uzma Bhd (KL:UZMA),* through its subsidiary Setegap Ventures Petroleum Sdn Bhd (SVP), has secured a one-year contract extension worth RM100 million from Petronas Carigali Sdn Bhd. The upstream supportive services provider said the contract is for the provision of coiled tubing and services for Petronas Carigali’s field offshore in east Malaysia. — Uzma bags RM100m contract extension from Petronas Carigali
• *Metronic Global Bhd (KL:MTRONIC),* which provides system integration services and integrated management systems, announced that its subsidiary, MAT JV Sdn Bhd, has been awarded a RM31 million contract by Gamuda M&E Sdn Bhd to supply instrumentation systems for the Sungai Rasau Water Supply Scheme project. Under the agreement, MAT JV will undertake the supply, installation, testing, commissioning and maintenance of instrumentation systems. — Metronic bags RM31m job to supply instrumentation systems for Sg Rasau Water Supply Scheme project
• *Kumpulan Perangsang Selangor Bhd (KL:KPS)* said its subsidiary's appeal to the Inland Revenue Board (IRB) against the RM7.89 million capital gains tax and penalty that was imposed on the company in November last year was accepted. The appeal was filed by its wholly-owned Bold Approach Sdn Bhd on Dec 17 last year. — IRB drops RM7.9 mil tax claim against Kumpulan Perangsang Selangor
• *Key Alliance Group Bhd (KL:KGROUP)* has proposed to consolidate its shares on a 30-to-one basis to improve its capital structure and aims to reduce the volatility of the trading price for its shares. Based on its closing price of 0.
Newbie Trading Channel
13 Jan, 00:18
5 sen on Jan 3, according to the filing, the shares could theoretically adjust to 15 sen post-consolidation. Upon completion, the group's share base would shrink to 122.61 million shares from 3.68 billion, with a share capital of RM193.39 million. Key Alliance has also proposed a capital reduction of up to RM96 million of its issued share capital to offset accumulated losses of RM101.05 million at the group level as of Sept 30, 2024 (2QFY2025). — Key Alliance proposes capital reduction to erase RM101.5m in losses
Newbie Trading Channel
13 Jan, 00:10
🌐 *Global Market Updates*
*_13th January 2025_*
Indexes
🇺🇸 Dow 41,938.45 ⬇️ 696.75
🇬🇧 FTSE 8,248.49 ⬇️ 71.20
🇭🇰 HKSE 19,064.29 ⬇️ 176.60
🇨🇳 SSE 3,168.52 ⬇️ 42.87
🇲🇾 KLCI 1,602.41 ⬆️ 1.60
Energy/Precious Metal
⛽️Crude Oil $76.57 ⬆️ 2.65
⛽️Brent Oil $79.79 ⬆️ 2.87
⚜️Gold $2,717.40 ⬆️ 26.60
🌴 Palm Oil $4,391 ⬆️ 95
Currency
💵 USD/MYR 4.4975
💴 CNY/MYR 0.6135
💵 SGD/MYR 3.2776
🌐 Global News
🔹US stocks plunged Friday as investors digested a better-than-expected jobs report that soured expectations of future rate cuts from the Federal Reserve.
🔹Oil prices soared Friday, on track for a third straight week of gains as cold weather in the US and Europe pushed up demand hopes, as traders focused on potential supply disruptions from more sanctions on Russia.
🔹 Gold prices rose Friday, and were headed for weekly gains as heightened uncertainty over US interest rates and trade tariffs fueled increased safe haven demand.
Sources From:
https://www.cnn.com/2025/01/10/investing/us-markets-jobs-report/index.html
*_13th January 2025_*
Indexes
🇺🇸 Dow 41,938.45 ⬇️ 696.75
🇬🇧 FTSE 8,248.49 ⬇️ 71.20
🇭🇰 HKSE 19,064.29 ⬇️ 176.60
🇨🇳 SSE 3,168.52 ⬇️ 42.87
🇲🇾 KLCI 1,602.41 ⬆️ 1.60
Energy/Precious Metal
⛽️Crude Oil $76.57 ⬆️ 2.65
⛽️Brent Oil $79.79 ⬆️ 2.87
⚜️Gold $2,717.40 ⬆️ 26.60
🌴 Palm Oil $4,391 ⬆️ 95
Currency
💵 USD/MYR 4.4975
💴 CNY/MYR 0.6135
💵 SGD/MYR 3.2776
🌐 Global News
🔹US stocks plunged Friday as investors digested a better-than-expected jobs report that soured expectations of future rate cuts from the Federal Reserve.
🔹Oil prices soared Friday, on track for a third straight week of gains as cold weather in the US and Europe pushed up demand hopes, as traders focused on potential supply disruptions from more sanctions on Russia.
🔹 Gold prices rose Friday, and were headed for weekly gains as heightened uncertainty over US interest rates and trade tariffs fueled increased safe haven demand.
Sources From:
https://www.cnn.com/2025/01/10/investing/us-markets-jobs-report/index.html
Newbie Trading Channel
10 Jan, 09:21
*RHB♦️Investment Bank Bhd*
Friday 10/01/2025
FBMKLCI : *1,602.41*
*⬆️ 1.60 (0.10%)*
Volume : *2.516B*
Value : *2.424B*
⬆️ 443
⬇️ 530
🔁 551
_KLCI index ended on a mixed note, with the benchmark index in positive territory while the broader market saw declines._
Top 3 active stocks :
VELOCITY 0.085 ⬆️ 0.015
NATGATE 2.45 ⬇️ 0.17
SET 0.385 ⬇️ 0.035
Friday 10/01/2025
FBMKLCI : *1,602.41*
*⬆️ 1.60 (0.10%)*
Volume : *2.516B*
Value : *2.424B*
⬆️ 443
⬇️ 530
🔁 551
_KLCI index ended on a mixed note, with the benchmark index in positive territory while the broader market saw declines._
Top 3 active stocks :
VELOCITY 0.085 ⬆️ 0.015
NATGATE 2.45 ⬇️ 0.17
SET 0.385 ⬇️ 0.035
Newbie Trading Channel
10 Jan, 08:59
Oriental Kopi may deliver strong share price gain after IPO; Apex, Tradeview start coverage with ‘buy’ | https://www.klsescreener.com/v2/news/view/1455609
Newbie Trading Channel
10 Jan, 01:38
MPHB Capital Bhd (KL:MPHBCAP), will be suspended, effective from Jan 22.
Capital reduction Cash distribution of RM1.70 for each share held as at Jan 23.
https://www.klsescreener.com/v2/announcements/view/8826237
Capital reduction Cash distribution of RM1.70 for each share held as at Jan 23.
https://www.klsescreener.com/v2/announcements/view/8826237
Newbie Trading Channel
10 Jan, 01:15
*SHORT TERM TREND*
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1620.50.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4363.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 42860.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 73.84.
*GOLD*
Trend : *UP*
Might change if price breaks below 2678.70.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19406.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1620.50.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4363.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 42860.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 73.84.
*GOLD*
Trend : *UP*
Might change if price breaks below 2678.70.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19406.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
10 Jan, 00:50
*Oriental Kopi (KOPI MK, NOT RATED, FV: MYR0.64)* - 45%upside
*In a Sweet Spot To Chart Robust Growth*
IPO Note
*MYR0.64 FV* based on 20x FY25F (Sep) P/E. At MYR0.44/share, Oriental Kopi is set to raise MYR184m from its IPO – proceeds are mainly for funding its expansion plan and working capital, as well as to help in setting up a new central kitchen and warehouse. Earnings (3-year CAGR: 32.9%) should be driven by robust growth in both its café chain operations and packaged food distribution and retail divisions. KOPI’s IPO price implies 13.8x FY25F P/E.
*RHB Research*
*Analyst: Tai Yu Jie
download report https://tinyurl.com/bddun5fy
*In a Sweet Spot To Chart Robust Growth*
IPO Note
*MYR0.64 FV* based on 20x FY25F (Sep) P/E. At MYR0.44/share, Oriental Kopi is set to raise MYR184m from its IPO – proceeds are mainly for funding its expansion plan and working capital, as well as to help in setting up a new central kitchen and warehouse. Earnings (3-year CAGR: 32.9%) should be driven by robust growth in both its café chain operations and packaged food distribution and retail divisions. KOPI’s IPO price implies 13.8x FY25F P/E.
*RHB Research*
*Analyst: Tai Yu Jie
download report https://tinyurl.com/bddun5fy
Newbie Trading Channel
10 Jan, 00:25
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
10 Jan 2025
Download report here: https://tinyurl.com/4tts4zdm
*UNIQUE (0257)*: Shariah Compliant
Outlook: Breakout MYR0.41
Resistance: MYR0.44, MYR0.47
Support: MYR0.38
(time frame: 2-4 weeks)
*FOCUSP (0157)*: Shariah Compliant
Outlook: Pending Breakout MYR0.82
Resistance: MYR0.85, MYR0.88
Support: MYR0.785
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
10 Jan 2025
Download report here: https://tinyurl.com/4tts4zdm
*UNIQUE (0257)*: Shariah Compliant
Outlook: Breakout MYR0.41
Resistance: MYR0.44, MYR0.47
Support: MYR0.38
(time frame: 2-4 weeks)
*FOCUSP (0157)*: Shariah Compliant
Outlook: Pending Breakout MYR0.82
Resistance: MYR0.85, MYR0.88
Support: MYR0.785
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
10 Jan, 00:24
🌐 *Global Market Updates*
*_10th January 2025_*
Indexes
🇺🇸 Dow 42,635.20 ⬆️106.840 (Holiday)
🇬🇧 FTSE 8,319.69 ⬆️68.66
🇭🇰 HKSE 19,240.89 ⬇️38.949
🇨🇳 SSE 3,211.39 ⬇️18.775
🇲🇾 KLCI 1,600.81 ⬇️14.02
Energy/Precious Metal
⛽️Crude Oil $74.29⬆️0.97
⛽️Brent Oil $77.23 ⬆️1.07
⚜️ Gold $2,692.60 ⬆️20.20
🌴 Palm Oil $4,295 ⬇️59.00
Currency
💵 USD/MYR 4.5000
💴 CNY/MYR 0.6141
💵 SGD/MYR 3.2906
🌐 Global News
🔹Oil prices rose more than 1% on Thursday as cold weather gripped parts of the U.S. and Europe, boosting winter fuel demand.
🔹Gold prices edged higher Thursday, continuing the recent gains, as heightened uncertainty over a hawkish Federal Reserve and President-elect Donald Trump’s plan for trade tariffs fueled some safe haven demand.
🔹The U.S. dollar strengthened for a third straight session on Thursday as Treasury yields dipped but held at elevated levels on concerns over tariffs under the incoming Trump administration, while sterling's recent weakness persisted.
Sources From:
https://www.investing.com/news/economy-news/futures-edge-up-after-wall-st-selloff-economic-data-awaited-3802366
*_10th January 2025_*
Indexes
🇺🇸 Dow 42,635.20 ⬆️106.840 (Holiday)
🇬🇧 FTSE 8,319.69 ⬆️68.66
🇭🇰 HKSE 19,240.89 ⬇️38.949
🇨🇳 SSE 3,211.39 ⬇️18.775
🇲🇾 KLCI 1,600.81 ⬇️14.02
Energy/Precious Metal
⛽️Crude Oil $74.29⬆️0.97
⛽️Brent Oil $77.23 ⬆️1.07
⚜️ Gold $2,692.60 ⬆️20.20
🌴 Palm Oil $4,295 ⬇️59.00
Currency
💵 USD/MYR 4.5000
💴 CNY/MYR 0.6141
💵 SGD/MYR 3.2906
🌐 Global News
🔹Oil prices rose more than 1% on Thursday as cold weather gripped parts of the U.S. and Europe, boosting winter fuel demand.
🔹Gold prices edged higher Thursday, continuing the recent gains, as heightened uncertainty over a hawkish Federal Reserve and President-elect Donald Trump’s plan for trade tariffs fueled some safe haven demand.
🔹The U.S. dollar strengthened for a third straight session on Thursday as Treasury yields dipped but held at elevated levels on concerns over tariffs under the incoming Trump administration, while sterling's recent weakness persisted.
Sources From:
https://www.investing.com/news/economy-news/futures-edge-up-after-wall-st-selloff-economic-data-awaited-3802366
Newbie Trading Channel
10 Jan, 00:05
*RHB♦️Investment Bank Bhd*
10th January 2025
*Dow Jones* : holiday
*Nasdaq* : holiday
*S&P 500*: holiday
*WTI CRUDE OIL* : 74.29
⬆️ 0.97 / 1.32%
*BRENT OIL* : 77.23
⬆️ 1.07 / 1.40%
*GOLD PRICE* : 2,692.60
⬆️ 20.20 / 0.76%❗️
*USD/MYR* : 4.5030
https://ceomorningbrief.theedgemalaysia.com/2025/0894/
*CORPORATE NEWS*
• *Public Bank Bhd's (KL:PBBANK) * conditional mandatory takeover offer for the remaining shares of insurer *LPI Capital Bhd (KL:LPI)* that it does not own has lapsed, after it failed to secure sufficient acceptances by the close of the offer on Thursday. At the close of the offer, Public Bank and its persons acting in concert (PACs) held 49.57% of LPI's total issued shares — Public Bank's MGO for LPI Capital closes without fulfilling 50% acceptance level
• *Dialog Group Bhd (KL:DIALOG)* has secured the final investment decision (FID) for the field development and abandonment plan under the Baram Junior Cluster Small Field Asset Production Sharing Contract (PSC), amounting to US$235 million (RM1.02 billion). It aims to achieve first gas production within two years. The PSC spans a 14-year duration, comprising a two-year pre-development phase, a two-year development phase, and a production phase lasting 10 years or until the contract expires, whichever comes first. — Dialog secures US$235m final investment decision for Baram Junior Cluster Small Field Asset PSC
• *Yinson Holdings Bhd’s (KL:YINSON)* third floating production storage and offloading (FPSO) vessel in Brazil — FPSO Atlanta, has achieved first oil. The vessel has been officially delivered to Brava Energia SA, and holds a 15-year firm charter which contract value is estimated at US$1.98 billion (RM8.92 billion). — Yinson's FPSO Atlanta in Brazil hits first oil
• *Hibiscus Petroleum Bhd (KL:HIBISCS)* has awarded *T7 Global Bhd (KL:T7GLOBAL)* a contract to undertake maintenance, construction and modification (MCM) work for a period of six-month with an undisclosed value. — T7 Global gets six-month contract from Hibiscus Petroleum
• Major shareholders of *NPC Resources Bhd (KL:NPC)* are in discussions about a potential proposal to privatise the Sabah-based palm oil producer at RM2.82 per share. According to a joint statement by Jubilant Ventures Sdn Bhd and NPC’s executive director and group managing director Datuk Loo Pang Kee, these discussions are exploratory and ongoing, with no certainty that the proposal will proceed. — NPC Resources' major shareholders in talks that could lead to privatisation — statement
• *MPHB Capital Bhd’s (KL:MPHBCAP)* shares will be suspended, effective Jan 22, to facilitate the company’s selective capital reduction before it is taken private. The selective capital reduction involves a cash distribution of RM1.70 for each share held as at Jan 23. All shareholders, except for Casi Management Sdn Bhd and MWE Holdings Sdn Bhd, are entitled to the cash distribution. — MPHB Capital shares to be suspended from Jan 22 until delisting
• *Parkson Holdings Bhd (KL:PARKSON)* has secured a 10-year tenancy agreement for its department store operations in Liupanshui, the Guizhou province of China. The tenancy will commence Jan 1, 2027, and conclude on Dec 31, 2036. Parkson noted that the Hong Kong Stock Exchange has classified the agreement as an asset acquisition amounting to 46.3 million yuan (RM28.2 million). — Parkson unit inks 10-year lease deal in Guizhou, China
• *Green Packet Bhd’s (KL:GPACKET)* wholly-owned subsidiary Packet Interactive Sdn Bhd (PISB) has obtained a digital lending licence from the Ministry of Housing and Local Government. Same as PISB's existing money-lending licence, the new digital lending licence is valid until Aug 15, 2026. This will enable the company to expand its range of financial products and services. — Green Packet secures digital lending licence from Housing and Local Govt Ministry
10th January 2025
*Dow Jones* : holiday
*Nasdaq* : holiday
*S&P 500*: holiday
*WTI CRUDE OIL* : 74.29
⬆️ 0.97 / 1.32%
*BRENT OIL* : 77.23
⬆️ 1.07 / 1.40%
*GOLD PRICE* : 2,692.60
⬆️ 20.20 / 0.76%❗️
*USD/MYR* : 4.5030
https://ceomorningbrief.theedgemalaysia.com/2025/0894/
*CORPORATE NEWS*
• *Public Bank Bhd's (KL:PBBANK) * conditional mandatory takeover offer for the remaining shares of insurer *LPI Capital Bhd (KL:LPI)* that it does not own has lapsed, after it failed to secure sufficient acceptances by the close of the offer on Thursday. At the close of the offer, Public Bank and its persons acting in concert (PACs) held 49.57% of LPI's total issued shares — Public Bank's MGO for LPI Capital closes without fulfilling 50% acceptance level
• *Dialog Group Bhd (KL:DIALOG)* has secured the final investment decision (FID) for the field development and abandonment plan under the Baram Junior Cluster Small Field Asset Production Sharing Contract (PSC), amounting to US$235 million (RM1.02 billion). It aims to achieve first gas production within two years. The PSC spans a 14-year duration, comprising a two-year pre-development phase, a two-year development phase, and a production phase lasting 10 years or until the contract expires, whichever comes first. — Dialog secures US$235m final investment decision for Baram Junior Cluster Small Field Asset PSC
• *Yinson Holdings Bhd’s (KL:YINSON)* third floating production storage and offloading (FPSO) vessel in Brazil — FPSO Atlanta, has achieved first oil. The vessel has been officially delivered to Brava Energia SA, and holds a 15-year firm charter which contract value is estimated at US$1.98 billion (RM8.92 billion). — Yinson's FPSO Atlanta in Brazil hits first oil
• *Hibiscus Petroleum Bhd (KL:HIBISCS)* has awarded *T7 Global Bhd (KL:T7GLOBAL)* a contract to undertake maintenance, construction and modification (MCM) work for a period of six-month with an undisclosed value. — T7 Global gets six-month contract from Hibiscus Petroleum
• Major shareholders of *NPC Resources Bhd (KL:NPC)* are in discussions about a potential proposal to privatise the Sabah-based palm oil producer at RM2.82 per share. According to a joint statement by Jubilant Ventures Sdn Bhd and NPC’s executive director and group managing director Datuk Loo Pang Kee, these discussions are exploratory and ongoing, with no certainty that the proposal will proceed. — NPC Resources' major shareholders in talks that could lead to privatisation — statement
• *MPHB Capital Bhd’s (KL:MPHBCAP)* shares will be suspended, effective Jan 22, to facilitate the company’s selective capital reduction before it is taken private. The selective capital reduction involves a cash distribution of RM1.70 for each share held as at Jan 23. All shareholders, except for Casi Management Sdn Bhd and MWE Holdings Sdn Bhd, are entitled to the cash distribution. — MPHB Capital shares to be suspended from Jan 22 until delisting
• *Parkson Holdings Bhd (KL:PARKSON)* has secured a 10-year tenancy agreement for its department store operations in Liupanshui, the Guizhou province of China. The tenancy will commence Jan 1, 2027, and conclude on Dec 31, 2036. Parkson noted that the Hong Kong Stock Exchange has classified the agreement as an asset acquisition amounting to 46.3 million yuan (RM28.2 million). — Parkson unit inks 10-year lease deal in Guizhou, China
• *Green Packet Bhd’s (KL:GPACKET)* wholly-owned subsidiary Packet Interactive Sdn Bhd (PISB) has obtained a digital lending licence from the Ministry of Housing and Local Government. Same as PISB's existing money-lending licence, the new digital lending licence is valid until Aug 15, 2026. This will enable the company to expand its range of financial products and services. — Green Packet secures digital lending licence from Housing and Local Govt Ministry
Newbie Trading Channel
10 Jan, 00:05
• *Pos Malaysia Bhd’s (KL:POS)* indirect wholly-owned subsidiary Pos Logistics Bhd has set a deadline of February 25 for SWA Shipping Sdn Bhd to resolve the fulfilment of the acquisition of PNSL Bhd for RM123.21 million. — SWA Shipping faces Feb 25 deadline as Pos Logistics may terminate RM123.21 mil PNSL acquisition deal
• Target 1 Sdn Bhd, *South Malaysia Industries Bhd’s (KL:SMI)* largest shareholder with a 30.67% stake, announced on Thursday that the company’s extraordinary general meeting (EGM) proceeded as scheduled with the resolutions to appoint six new directors, including former Perak police chief Datuk Pahlawan Mior Faridalathrash Wahid, being passed. — SMI’s EGM proceeds with resolutions to appoint six new directors passed — Target 1
• Target 1 Sdn Bhd, *South Malaysia Industries Bhd’s (KL:SMI)* largest shareholder with a 30.67% stake, announced on Thursday that the company’s extraordinary general meeting (EGM) proceeded as scheduled with the resolutions to appoint six new directors, including former Perak police chief Datuk Pahlawan Mior Faridalathrash Wahid, being passed. — SMI’s EGM proceeds with resolutions to appoint six new directors passed — Target 1
Newbie Trading Channel
09 Jan, 10:43
📣 Exchanges holiday notice
9 January 2025 (Today)
🇺🇸 US market closed - national day of mourning for former President Jimmy Carter, will reopen on 10 Jan Tomorrow.
9 January 2025 (Today)
🇺🇸 US market closed - national day of mourning for former President Jimmy Carter, will reopen on 10 Jan Tomorrow.
Newbie Trading Channel
08 Jan, 09:09
*RHB♦️Investment Bank Bhd*
Wednesday 08/01/2025
FBMKLCI : *1,614.83*
*⬇️ 14.96 (0.92%)*
Volume : *3.586B*
Value : *3.056B*
⬆️ 285
⬇️ 827
🔁 497
_Bursa Malaysia ended the day on a lower note, weighed down by continuous selling in selected heavyweight and small-cap stocks amid mixed sentiment from regional markets_
Top 3 active stocks :
SET 0.395 ⬆️ 0.115
VELOCITY 0.080 🔁 0.000
GAMUDA 5.19 ⬇️ 0.010
Wednesday 08/01/2025
FBMKLCI : *1,614.83*
*⬇️ 14.96 (0.92%)*
Volume : *3.586B*
Value : *3.056B*
⬆️ 285
⬇️ 827
🔁 497
_Bursa Malaysia ended the day on a lower note, weighed down by continuous selling in selected heavyweight and small-cap stocks amid mixed sentiment from regional markets_
Top 3 active stocks :
SET 0.395 ⬆️ 0.115
VELOCITY 0.080 🔁 0.000
GAMUDA 5.19 ⬇️ 0.010
Newbie Trading Channel
08 Jan, 08:09
The Star : Business Feed
JS-SEZ agreement to transform real estate markets, attract international capital
JS-SEZ agreement to transform real estate markets, attract international capital
Newbie Trading Channel
08 Jan, 08:08
The Star : Business Feed
Nestcon wins RM25mil contract for Senai Airport City project
Nestcon wins RM25mil contract for Senai Airport City project
Newbie Trading Channel
08 Jan, 04:06
🇭🇰🇨🇳
港股芯片股集体下跌，华虹半导体(01347.HK)、晶门半导体(02878.HK)跌超5%，中芯国际(00981.HK)跌超4%，宏光半导体(06908.HK)跌超3%，ASMPT(00522.HK)跌超1%。
【A股午评：沪指跌1.46% 全市场超4800股下跌】
1月8日讯，A股三大指数早盘低开低走，沪指盘中跌破3200点，截至午间收盘，上证指数跌1.46%，深证成指跌2.38%，创业板指跌2.77%。盘面上，零售板块逆势走强，益民集团、华联股份等涨停；家电板块活跃，春兰股份涨停。CPO概念回调，兆龙互连、景旺电子等跌超5%。种业、华为算力、稀土永磁、AI眼镜等多数板块下跌。全市场超4800股下跌。
Hong Kong Semiconductor Stocks Decline
Shares of Hong Kong semiconductor companies are collectively falling. Hua Hong Semiconductor (01347.HK) and Solomon Systech (02878.HK) are down more than 5%, Semiconductor Manufacturing International Corporation (SMIC, 00981.HK) is down over 4%, Maxnerva Technology Services (06908.HK) is down over 3%, and ASMPT (00522.HK) has dropped more than 1%.
A-Share Midday Report: Shanghai Composite Index Drops 1.46%, Over 4,800 Stocks Decline
On January 8, the three major A-share indexes opened lower and continued to fall during the morning session, with the Shanghai Composite Index dropping below 3,200 points. By the midday close, the Shanghai Composite Index had fallen 1.46%, the Shenzhen Component Index was down 2.38%, and the ChiNext Index had dropped 2.77%.
On the sectoral front, the retail sector bucked the trend, with companies like Yimin Group and Hualian Holdings hitting the daily limit. The home appliance sector was active, with Chunlan Group hitting the daily limit. Meanwhile, the CPO concept saw a pullback, with stocks like Zhaolong Interconnect and Kingboard Laminates down over 5%. Most other sectors, including seed stocks, Huawei computing power, rare earth magnets, and AI glasses, declined. Over 4,800 stocks across the market were down.
港股芯片股集体下跌，华虹半导体(01347.HK)、晶门半导体(02878.HK)跌超5%，中芯国际(00981.HK)跌超4%，宏光半导体(06908.HK)跌超3%，ASMPT(00522.HK)跌超1%。
【A股午评：沪指跌1.46% 全市场超4800股下跌】
1月8日讯，A股三大指数早盘低开低走，沪指盘中跌破3200点，截至午间收盘，上证指数跌1.46%，深证成指跌2.38%，创业板指跌2.77%。盘面上，零售板块逆势走强，益民集团、华联股份等涨停；家电板块活跃，春兰股份涨停。CPO概念回调，兆龙互连、景旺电子等跌超5%。种业、华为算力、稀土永磁、AI眼镜等多数板块下跌。全市场超4800股下跌。
Hong Kong Semiconductor Stocks Decline
Shares of Hong Kong semiconductor companies are collectively falling. Hua Hong Semiconductor (01347.HK) and Solomon Systech (02878.HK) are down more than 5%, Semiconductor Manufacturing International Corporation (SMIC, 00981.HK) is down over 4%, Maxnerva Technology Services (06908.HK) is down over 3%, and ASMPT (00522.HK) has dropped more than 1%.
A-Share Midday Report: Shanghai Composite Index Drops 1.46%, Over 4,800 Stocks Decline
On January 8, the three major A-share indexes opened lower and continued to fall during the morning session, with the Shanghai Composite Index dropping below 3,200 points. By the midday close, the Shanghai Composite Index had fallen 1.46%, the Shenzhen Component Index was down 2.38%, and the ChiNext Index had dropped 2.77%.
On the sectoral front, the retail sector bucked the trend, with companies like Yimin Group and Hualian Holdings hitting the daily limit. The home appliance sector was active, with Chunlan Group hitting the daily limit. Meanwhile, the CPO concept saw a pullback, with stocks like Zhaolong Interconnect and Kingboard Laminates down over 5%. Most other sectors, including seed stocks, Huawei computing power, rare earth magnets, and AI glasses, declined. Over 4,800 stocks across the market were down.
Newbie Trading Channel
08 Jan, 02:51
*🔔Today New Listing - _08/01/2025_🔔*
*Swift Energy Technology Berhad _(0337)_*
Market: ACE
Oversubscription rate: 58.09x
*IPO Price : RM 0.28*
Fair value given:-
1. Rakuten _RM 0.39_
2. RHB _RM0.41_
3. TA _RM0.32_
4. Public Invest _RM0.36_
*Swift Energy Technology Berhad _(0337)_*
Market: ACE
Oversubscription rate: 58.09x
*IPO Price : RM 0.28*
Fair value given:-
1. Rakuten _RM 0.39_
2. RHB _RM0.41_
3. TA _RM0.32_
4. Public Invest _RM0.36_
Newbie Trading Channel
08 Jan, 02:50
*SHORT TERM TREND*
*FKLI*
Trend: *UP*
Might change if price breaks below 1626.50.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4422.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 42977.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 73.82.
*GOLD*
Trend : *UP*
Might change if price breaks below 2657.10.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19684.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *UP*
Might change if price breaks below 1626.50.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4422.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 42977.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 73.82.
*GOLD*
Trend : *UP*
Might change if price breaks below 2657.10.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19684.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
08 Jan, 00:40
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
08 Jan 2025
Download report here: https://tinyurl.com/bdf2cc7t
*GREATEC (0208)*: Shariah Compliant
Outlook: Breakout MYR2.33
Resistance: MYR2.45, MYR2.55
Support: MYR2.20
(time frame: 2-4 weeks)
*SKYGATE (7249)*:
Outlook: Breakout MYR1
Resistance: MYR1.10, MYR1.20
Support: MYR0.88
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
08 Jan 2025
Download report here: https://tinyurl.com/bdf2cc7t
*GREATEC (0208)*: Shariah Compliant
Outlook: Breakout MYR2.33
Resistance: MYR2.45, MYR2.55
Support: MYR2.20
(time frame: 2-4 weeks)
*SKYGATE (7249)*:
Outlook: Breakout MYR1
Resistance: MYR1.10, MYR1.20
Support: MYR0.88
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
08 Jan, 00:23
CWE is tasked with providing technical and project management services, as well as investing in renewable energy projects in accordance with a defined business plan. — Coastal Contracts forms renewable energy subsidiary for Asia-Pacific projects
Sentoria Group Bhd (KL:SNTORIA) said its former chief executive officer Datuk Loh Yuen Tuck has initiated legal proceedings against the company in the Industrial Court. The company said that it is currently reviewing the matter, and is in the process of responding to the legal case in accordance with the proper legal procedures. In August last year, Sentoria stated that Loh had repudiated his service contract by failing to return to work on July 1, 2024, making his contract untenable. Conversely, Loh contended that he was constructively dismissed, arguing that the company's actions unfairly compelled him to leave his position. — Former CEO files lawsuit against Sentoria in Industrial Court
Sentoria Group Bhd (KL:SNTORIA) said its former chief executive officer Datuk Loh Yuen Tuck has initiated legal proceedings against the company in the Industrial Court. The company said that it is currently reviewing the matter, and is in the process of responding to the legal case in accordance with the proper legal procedures. In August last year, Sentoria stated that Loh had repudiated his service contract by failing to return to work on July 1, 2024, making his contract untenable. Conversely, Loh contended that he was constructively dismissed, arguing that the company's actions unfairly compelled him to leave his position. — Former CEO files lawsuit against Sentoria in Industrial Court
Newbie Trading Channel
08 Jan, 00:23
*RHB♦️Investment Bank Bhd*
8th January 2025
*Dow Jones* :42,528.36
⬇️178.20 /0.42%‼️
*Nasdaq* :19,489.68
⬇️375.30/1.89%‼️
*S&P 500*:5,909.03
⬇️66.35/1.11%
Stocks fell Tuesday as strong economic data raised questions about the possibility of Federal Reserve rate cuts later this year, leading to a spike in Treasury yields. Declines across major tech stocks also dragged the market lower.
*WTI CRUDE OIL* :74.42
⬆️0.86/1.17%
*BRENT OIL* :77.23
⬆️0.93/1.22%
*GOLD PRICE* : 2,663.10
⬆️15.70/ 0.59%
*USD/MYR* : 4.49
https://ceomorningbrief.theedgemalaysia.com/2025/0892/
*CORPORATE NEWS*
Alliance Bank Malaysia Bhd (KL:ABMB) expects a positive financial year ending March 31, 2025 (FY2025) riding on strong momentum of loan growth, easing competition for funding, and stabilising asset quality. The bank’s group chief executive officer Kellee Kam told The Edge that it was still seeing strong momentum in loan growth in the third quarter ended Dec 31, 2024 (3QFY2025), and is optimistic of achieving loan growth of 10% and a return on equity (ROE) of more than 10% in FY2025.
UUE Holdings Bhd (KL:UUE), via its wholly owned subsidiary Kum Fatt Engineering Sdn Bhd, has secured contract extensions and renewals worth a total of about RM36.5 million from Komasi Engineering Sdn Bhd.
Nestcon Bhd’s (KL:NESTCON) wholly owned subsidiary Nestcon Infra Sdn Bhd (NISB) has secured a RM25.01 million contract for earthworks and erosion control in Johor’s Senai Airport City. In tandem with the third phase of Senai Airport City’s industrial development expansion measuring some 300 acres, NISB has been appointed as the contractor for earthworks to provide investors with industrial plots ready with platform and corresponding infrastructure.
Infomina Bhd (KL:INFOM) has secured a three-year contract worth RM22.35 million from the Road Transport Department to provide maintenance and support for the Automated Awareness Safety System. The contract covers back-end application, data centre infrastructure, disaster recovery systems, network infrastructure and communication systems. Infomina will also manage integration services with various entities for digital enforcement processes.
ITMAX System Bhd (KL:ITMAX) said on Tuesday that it has secured a second contract worth RM11.8 million from the Penang Island City Council to deliver video surveillance services. Under the contract, ITMAX will be responsible for upgrading and maintaining select closed-circuit television (CCTV) cameras within the council’s existing video surveillance network. The contract will begin on Jan 13, 2025 to Sept 12, 2030, it noted. The scope of the contract includes integrating several of ITMAX’s in-house developed traffic-related artificial intelligence features, aimed at enhancing the efficiency and functionality of the current system.
KUB Malaysia Bhd (KL:KUB) is acquiring a building materials company from CI Holdings Bhd (KL:CIHLDG) in a related party transaction deal for RM20 million cash, as part of the group's strategy to broaden its revenue base. KUB said its wholly owned subsidiary Central Cables Bhd (CCB) had entered into a share sale agreement with CI Holdings, being the sole shareholder of the target company, Doe Industries Sdn Bhd. JAG Capital Holdings Sdn Bhd, the investment vehicle of Plantation Industries and Commodities Minister Datuk Seri Johari Abdul Ghani, is the largest shareholder in both KUB (62.8%) and CI Holdings (32.9%).
Coastal Contracts Bhd (KL:COASTAL) said it has formed a 60%-owned subsidiary, Coastal Watt Energy Pte Ltd (CWE), as part of a strategic collaboration to expand into renewable energy projects in the Asia-Pacific region. Coastal said CWE was established by its wholly owned unit Coastal Drilling Pte Ltd (CDPL) on Monday, Jan 6, with a paid-up capital of S$100,000 (RM329,674). The unit will operate alongside Hongkong Watt Energy Tec Co Ltd (HWET), which will hold the remaining 40% stake in CWE.
8th January 2025
*Dow Jones* :42,528.36
⬇️178.20 /0.42%‼️
*Nasdaq* :19,489.68
⬇️375.30/1.89%‼️
*S&P 500*:5,909.03
⬇️66.35/1.11%
Stocks fell Tuesday as strong economic data raised questions about the possibility of Federal Reserve rate cuts later this year, leading to a spike in Treasury yields. Declines across major tech stocks also dragged the market lower.
*WTI CRUDE OIL* :74.42
⬆️0.86/1.17%
*BRENT OIL* :77.23
⬆️0.93/1.22%
*GOLD PRICE* : 2,663.10
⬆️15.70/ 0.59%
*USD/MYR* : 4.49
https://ceomorningbrief.theedgemalaysia.com/2025/0892/
*CORPORATE NEWS*
Alliance Bank Malaysia Bhd (KL:ABMB) expects a positive financial year ending March 31, 2025 (FY2025) riding on strong momentum of loan growth, easing competition for funding, and stabilising asset quality. The bank’s group chief executive officer Kellee Kam told The Edge that it was still seeing strong momentum in loan growth in the third quarter ended Dec 31, 2024 (3QFY2025), and is optimistic of achieving loan growth of 10% and a return on equity (ROE) of more than 10% in FY2025.
UUE Holdings Bhd (KL:UUE), via its wholly owned subsidiary Kum Fatt Engineering Sdn Bhd, has secured contract extensions and renewals worth a total of about RM36.5 million from Komasi Engineering Sdn Bhd.
Nestcon Bhd’s (KL:NESTCON) wholly owned subsidiary Nestcon Infra Sdn Bhd (NISB) has secured a RM25.01 million contract for earthworks and erosion control in Johor’s Senai Airport City. In tandem with the third phase of Senai Airport City’s industrial development expansion measuring some 300 acres, NISB has been appointed as the contractor for earthworks to provide investors with industrial plots ready with platform and corresponding infrastructure.
Infomina Bhd (KL:INFOM) has secured a three-year contract worth RM22.35 million from the Road Transport Department to provide maintenance and support for the Automated Awareness Safety System. The contract covers back-end application, data centre infrastructure, disaster recovery systems, network infrastructure and communication systems. Infomina will also manage integration services with various entities for digital enforcement processes.
ITMAX System Bhd (KL:ITMAX) said on Tuesday that it has secured a second contract worth RM11.8 million from the Penang Island City Council to deliver video surveillance services. Under the contract, ITMAX will be responsible for upgrading and maintaining select closed-circuit television (CCTV) cameras within the council’s existing video surveillance network. The contract will begin on Jan 13, 2025 to Sept 12, 2030, it noted. The scope of the contract includes integrating several of ITMAX’s in-house developed traffic-related artificial intelligence features, aimed at enhancing the efficiency and functionality of the current system.
KUB Malaysia Bhd (KL:KUB) is acquiring a building materials company from CI Holdings Bhd (KL:CIHLDG) in a related party transaction deal for RM20 million cash, as part of the group's strategy to broaden its revenue base. KUB said its wholly owned subsidiary Central Cables Bhd (CCB) had entered into a share sale agreement with CI Holdings, being the sole shareholder of the target company, Doe Industries Sdn Bhd. JAG Capital Holdings Sdn Bhd, the investment vehicle of Plantation Industries and Commodities Minister Datuk Seri Johari Abdul Ghani, is the largest shareholder in both KUB (62.8%) and CI Holdings (32.9%).
Coastal Contracts Bhd (KL:COASTAL) said it has formed a 60%-owned subsidiary, Coastal Watt Energy Pte Ltd (CWE), as part of a strategic collaboration to expand into renewable energy projects in the Asia-Pacific region. Coastal said CWE was established by its wholly owned unit Coastal Drilling Pte Ltd (CDPL) on Monday, Jan 6, with a paid-up capital of S$100,000 (RM329,674). The unit will operate alongside Hongkong Watt Energy Tec Co Ltd (HWET), which will hold the remaining 40% stake in CWE.
Newbie Trading Channel
08 Jan, 00:22
🌐 *Global Market Updates*
*_8th January 2025_*
Indexes
🇺🇸 Dow 42,528.36 ⬇️178.20
🇬🇧 FTSE 8,245.28 ⬇️4.38
🇭🇰 HKSE 19,447.58 ⬇️240.71
🇨🇳 SSE 3,229.64 ⬆️22.72
🇲🇾 KLCI 1,629.79 ⬆️4.32
Energy/Precious Metal
⛽️Crude Oil $74.42⬆️0.86
⛽️Brent Oil $77.23 ⬆️0.93
⚜️ Gold $2,663.10 ⬆️15.70
🌴 Palm Oil $4,373 ⬆️35.00
Currency
💵 USD/MYR 4.5080
💴 CNY/MYR 0.6160
💵 SGD/MYR 3.3085
🌐 Global News
🔹The S&P 500 closed sharply lower Tuesday, as tech was hurt by rising Treasury yields after economic data flagged concerns about stickier inflation, reining in bets of further Federal Reserve rate cuts.
🔹U.S. crude oil futures inched higher in post-settlement trading Tuesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude stockpiles.
🔹Gold prices rose Tuesday, helped by a recent drop in the dollar as well as ongoing uncertainty around economic growth.
Sources From:
https://www.investing.com/news/stock-market-news/stock-market-today-sp-500-slumps-as-rising-treasury-yields-dent-tech-3798849
*_8th January 2025_*
Indexes
🇺🇸 Dow 42,528.36 ⬇️178.20
🇬🇧 FTSE 8,245.28 ⬇️4.38
🇭🇰 HKSE 19,447.58 ⬇️240.71
🇨🇳 SSE 3,229.64 ⬆️22.72
🇲🇾 KLCI 1,629.79 ⬆️4.32
Energy/Precious Metal
⛽️Crude Oil $74.42⬆️0.86
⛽️Brent Oil $77.23 ⬆️0.93
⚜️ Gold $2,663.10 ⬆️15.70
🌴 Palm Oil $4,373 ⬆️35.00
Currency
💵 USD/MYR 4.5080
💴 CNY/MYR 0.6160
💵 SGD/MYR 3.3085
🌐 Global News
🔹The S&P 500 closed sharply lower Tuesday, as tech was hurt by rising Treasury yields after economic data flagged concerns about stickier inflation, reining in bets of further Federal Reserve rate cuts.
🔹U.S. crude oil futures inched higher in post-settlement trading Tuesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude stockpiles.
🔹Gold prices rose Tuesday, helped by a recent drop in the dollar as well as ongoing uncertainty around economic growth.
Sources From:
https://www.investing.com/news/stock-market-news/stock-market-today-sp-500-slumps-as-rising-treasury-yields-dent-tech-3798849
Newbie Trading Channel
07 Jan, 09:23
TOYOTA破天荒合作英伟达
中国4车厂也入列
TOYOTA也将采用英伟达的Drive AGX Orin平台，使用英伟达芯片与作业系统。
https://www.enanyang.my/node/644351
中国4车厂也入列
TOYOTA也将采用英伟达的Drive AGX Orin平台，使用英伟达芯片与作业系统。
https://www.enanyang.my/node/644351
Newbie Trading Channel
07 Jan, 09:22
*RHB♦️Investment Bank Bhd*
Tuesday 07/01/2025
FBMKLCI : *1,629.79*
*⬆️ 4.32 (0.27%)*
Volume : *3.910B*
Value : *3.295B*
⬆️ 490
⬇️ 614
🔁 537
_Bursa Malaysia ended mixed, with buying interest in heavyweights offset by widespread selling of small-caps stocks._
Top 3 active stocks :
VELESTO 0.160 ⬆️ 0.005
VELOCITY 0.080 🔁 0.000
VANZO 0.195 ⬇️ 0.010
Tuesday 07/01/2025
FBMKLCI : *1,629.79*
*⬆️ 4.32 (0.27%)*
Volume : *3.910B*
Value : *3.295B*
⬆️ 490
⬇️ 614
🔁 537
_Bursa Malaysia ended mixed, with buying interest in heavyweights offset by widespread selling of small-caps stocks._
Top 3 active stocks :
VELESTO 0.160 ⬆️ 0.005
VELOCITY 0.080 🔁 0.000
VANZO 0.195 ⬇️ 0.010
Newbie Trading Channel
07 Jan, 07:11
The Star : Business Feed
44% of companies optimistic about 1Q25 despite decline in sentiment - semiconductor association
44% of companies optimistic about 1Q25 despite decline in sentiment - semiconductor association
Newbie Trading Channel
07 Jan, 07:11
The Star : Business Feed
Itmax secures RM11.84mil CCTV contract from Pulau Pinang city council
Itmax secures RM11.84mil CCTV contract from Pulau Pinang city council
Newbie Trading Channel
07 Jan, 07:10
The Star : Business Feed
Introduction of bourse stabilization fund in focus
Introduction of bourse stabilization fund in focus
Newbie Trading Channel
07 Jan, 07:10
The Star : Business Feed
Anwar: JS-SEZ A unique initiative to promote Malaysia and Singapore
Anwar: JS-SEZ A unique initiative to promote Malaysia and Singapore
Newbie Trading Channel
07 Jan, 06:49
Tencent Shares Decline After US Adds Company to Chinese Military Blacklist
The US has blacklisted Tencent Holdings Ltd. and Contemporary Amperex Technology Co. Ltd. for alleged links to the Chinese military, targeting the world’s biggest gaming publisher and top electric-vehicle battery maker in a surprise move weeks before Donald Trump takes office.
CATL, a major supplier to Tesla Inc., joined Tencent on a Federal Register of entities deemed to have ties with the People’s Liberation Army. Both companies protested their inclusion as a mistake, saying they have no ties with the military. Tencent’s stock slid more than 7% in Hong Kong, notching its biggest intraday drop since October. CATL’s shares fell more than 5%, also their biggest fall in about three months.
The blacklisting threatens to further escalate tensions between the world’s two largest economies. While the Pentagon’s blacklist carries no specific sanctions, it discourages US firms from dealing with its members. CATL supplies not just Tesla but also many of the world’s biggest automakers, from Stellantis NV to Volkswagen AG. Its inclusion threatens to disrupt that ecosystem just as Washington and Brussels are sounding the alarm about China’s growing dominance in a key industrial sector.
https://www.bloomberg.com/news/articles/2025-01-06/us-adds-tencent-to-chinese-military-blacklist-shares-decline
The US has blacklisted Tencent Holdings Ltd. and Contemporary Amperex Technology Co. Ltd. for alleged links to the Chinese military, targeting the world’s biggest gaming publisher and top electric-vehicle battery maker in a surprise move weeks before Donald Trump takes office.
CATL, a major supplier to Tesla Inc., joined Tencent on a Federal Register of entities deemed to have ties with the People’s Liberation Army. Both companies protested their inclusion as a mistake, saying they have no ties with the military. Tencent’s stock slid more than 7% in Hong Kong, notching its biggest intraday drop since October. CATL’s shares fell more than 5%, also their biggest fall in about three months.
The blacklisting threatens to further escalate tensions between the world’s two largest economies. While the Pentagon’s blacklist carries no specific sanctions, it discourages US firms from dealing with its members. CATL supplies not just Tesla but also many of the world’s biggest automakers, from Stellantis NV to Volkswagen AG. Its inclusion threatens to disrupt that ecosystem just as Washington and Brussels are sounding the alarm about China’s growing dominance in a key industrial sector.
https://www.bloomberg.com/news/articles/2025-01-06/us-adds-tencent-to-chinese-military-blacklist-shares-decline
Newbie Trading Channel
07 Jan, 05:10
人类2032年后不再变老？AI专家预测:有望活到500岁
入选《时代》杂志“AI百大影响力人物”的未来学家库兹维（Ray Kurzweil）近日大胆预测，AI在2032年后就能让人类停止老化，且未来AI与人类大脑连结后，可大幅增进人类智力、治疗大部分疾病，让人类寿命延长至500岁。
https://www.enanyang.my/node/644275
入选《时代》杂志“AI百大影响力人物”的未来学家库兹维（Ray Kurzweil）近日大胆预测，AI在2032年后就能让人类停止老化，且未来AI与人类大脑连结后，可大幅增进人类智力、治疗大部分疾病，让人类寿命延长至500岁。
https://www.enanyang.my/node/644275
Newbie Trading Channel
07 Jan, 05:08
腾讯在一份声明中回应称，五角大楼此举“显然是一个错误”。
https://www.enanyang.my/node/644285
https://www.enanyang.my/node/644285
Newbie Trading Channel
07 Jan, 05:07
柔新经济特区
已确定两国角色与合作框架
马新两国签署的柔佛-新加坡经济特区（JS-SEZ）协议书，已确定具体合作框架，陆续会有一系列的亲商政策和奖掖措施，支持特区业务增长。
https://www.enanyang.my/node/644292
已确定两国角色与合作框架
马新两国签署的柔佛-新加坡经济特区（JS-SEZ）协议书，已确定具体合作框架，陆续会有一系列的亲商政策和奖掖措施，支持特区业务增长。
https://www.enanyang.my/node/644292
Newbie Trading Channel
07 Jan, 05:06
作为旗舰区获重点发展
迪沙鲁划入柔新经济特区
森林城市、士年纳和边佳兰石油综合中心，则一如外界所料，划入柔新特区并列为旗舰项目。
https://www.enanyang.my/node/644295
迪沙鲁划入柔新经济特区
森林城市、士年纳和边佳兰石油综合中心，则一如外界所料，划入柔新特区并列为旗舰项目。
https://www.enanyang.my/node/644295
Newbie Trading Channel
07 Jan, 05:06
德国去年纯电动车销量下降27.4%
德国去年汽车销售量同比下降1%，纯电动车更是猛降近三成。
https://www.enanyang.my/node/644281
德国去年汽车销售量同比下降1%，纯电动车更是猛降近三成。
https://www.enanyang.my/node/644281
Newbie Trading Channel
07 Jan, 05:05
The Star : Business Feed
Kerjaya Prospek's shares rise 2.17% as it secures first job of 2025
Kerjaya Prospek's shares rise 2.17% as it secures first job of 2025
Newbie Trading Channel
07 Jan, 05:05
The Star : Business Feed
Perodua hits record sales of 358,102 in 2024
Perodua hits record sales of 358,102 in 2024
Newbie Trading Channel
07 Jan, 01:41
*SHORT TERM TREND*
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1627.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4443.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 43041.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 73.54.
*GOLD*
Trend : *DOWN*
Might change if price breaks above 2651.10.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19825.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *DOWN*
Might change if price breaks above 1627.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4443.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 43041.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 73.54.
*GOLD*
Trend : *DOWN*
Might change if price breaks above 2651.10.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19825.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
07 Jan, 00:37
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
07 Jan 2025
Download report here: https://tinyurl.com/mswkrk6h
*DXN (5318)*: Shariah Compliant
Outlook: Breakout MYR0.52
Resistance: MYR0.56, MYR0.60
Support: MYR0.48
(time frame: 2-4 weeks)
*BNASTRA (7195)*: Shariah Compliant
Outlook: Breakout MYR1.80
Resistance: MYR1.95, MYR2.10
Support: MYR1.65
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
07 Jan 2025
Download report here: https://tinyurl.com/mswkrk6h
*DXN (5318)*: Shariah Compliant
Outlook: Breakout MYR0.52
Resistance: MYR0.56, MYR0.60
Support: MYR0.48
(time frame: 2-4 weeks)
*BNASTRA (7195)*: Shariah Compliant
Outlook: Breakout MYR1.80
Resistance: MYR1.95, MYR2.10
Support: MYR1.65
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
07 Jan, 00:23
Jing Wei Hirain is the Malaysian subsidiary of Beijing Jingwei Hirain Technologies Co Inc, which is listed on the STAR Market of the Shanghai Stock Exchange.
Newbie Trading Channel
07 Jan, 00:23
*RHB♦️Investment Bank Bhd*
7th January 2025
*Dow Jones* : 42,706.56
⬇️ 25.57 / 0.06%
*Nasdaq* :19,864.98
⬆️ 243.30 / 1.24%‼️
*S&P 500*:5,975.38
⬆️ 32.91 / 0.55%
_The S&P 500 climbed alongside the Nasdaq Composite on Monday for back-to-back wins, as Wall Street rebounded from a losing week and chipmakers surged._
*WTI CRUDE OIL* : 73.43
⬇️ 0.53 / 0.72%
*BRENT OIL* : 76.22
⬇️ 0.29 / 0.38%
*GOLD PRICE* : 2,646.90
⬇️ 7.80 / 0.29%
*USD/MYR* : 4.5125
https://ceomorningbrief.theedgemalaysia.com/2025/0891/
*CORPORATE NEWS*
• Gateway Development Alliance (GDA), the consortium proposing to privatise *Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT)* , has extended the closing time and date for the acceptance of its takeover offer to 5pm on Jan 17, 2025, from 5pm on Jan 8, 2025, previously. Besides the extended closing date, all other details, terms and conditions of the takeover offer as set out in the initial offer document, including the offer price of RM11 per share, and the acceptance condition of 90% of the total issued MAHB shares, remain unchanged.
• Cafe chain operator *Oriental Kopi Holdings Bhd* set its initial public offering (IPO) price at 44 sen apiece in a share sale that would raise RM183.96 million ahead of its listing on the ACE Market. At the IPO price, Oriental Kopi is expected to have a market capitalisation of RM880 million upon listing and value the company at about 20 times its earnings for the financial year ended Sept 30, 2024 (FY2024).
• Construction outfit *Kerjaya Prospek Group Bhd (KL:KERJAYA)* has bagged a RM256.4 million contract from Eastern & Oriental Express Sdn Bhd (E&OE) to undertake construction works in Elmina West, Shah Alam, Selangor. Kerjaya Prospek said the scope of the project, clinched through its wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd, includes the construction of 360 units of three-storey terrace houses, alongside a clubhouse, landscaping works, and other related infrastructure.
• *Kumpulan Kitacon Bhd (KL:KITACON)* has secured a RM65.68 million residential construction contract in Sungai Buloh, Selangor. Its wholly owned subsidiary, Kitacon Sdn Bhd, accepted the letter of award from KL-Kepong Country Homes Sdn Bhd on Monday for the construction and completion of bungalows located at Lot 851, Precinct 4C1, Bandar Seri Coalfields.
• Offshore oil and gas services provider *T7 Global Bhd (KL:T7GLOBAL)* announced on Monday it has bagged a contract to undertake maintenance, construction and modification (MCM) services for an undisclosed value.
• *Aizo Group Bhd (KL:AIZO)* , formerly known as Minetech Resources Bhd, has been selected to develop a 99.99MW large-scale solar photovoltaic plant in Kampar, Perak.
• Oil and gas services firm *Keyfield International Bhd (KL:KEYFIELD)* is acquiring a five-year-old platform supply vessel for US$17.6 million (RM79.2 million). It is funding the acquisition through proceeds from the company's sukuk issuance, with an additional US$2 million to be drawn from internal funds for capital expenditure to bring the vessel back to Malaysia and prepare it for operations.
• *Citaglobal Bhd (KL:CITAGLB)* has acquired a 55% equity stake in Germany’s LAWI Engineering GmbH (LAWI Germany), as part of a partnership to provide advanced waste-to-energy (WTE) technology and engineering solutions for waste management projects. The acquisition, fully paid on Jan 3, 2025, involves the subscription to 31,778 new ordinary shares in LAWI Germany via Citaglobal's wholly owned subsidiary, Citaglobal Environment Management Sdn Bhd (CGEM). However, the value of the investment was not disclosed.
• *D&O Green Technologies Bhd (KL:D&O)* said its 93.2%-owned subsidiary Dominant Electronics Sdn Bhd (DESB) has signed a memorandum of understanding (MOU) with Jing Wei Hirain Automotive Electronics Malaysia Sdn Bhd to establish a new operating company in Malaysia focusing on engineering services and automotive module production.
7th January 2025
*Dow Jones* : 42,706.56
⬇️ 25.57 / 0.06%
*Nasdaq* :19,864.98
⬆️ 243.30 / 1.24%‼️
*S&P 500*:5,975.38
⬆️ 32.91 / 0.55%
_The S&P 500 climbed alongside the Nasdaq Composite on Monday for back-to-back wins, as Wall Street rebounded from a losing week and chipmakers surged._
*WTI CRUDE OIL* : 73.43
⬇️ 0.53 / 0.72%
*BRENT OIL* : 76.22
⬇️ 0.29 / 0.38%
*GOLD PRICE* : 2,646.90
⬇️ 7.80 / 0.29%
*USD/MYR* : 4.5125
https://ceomorningbrief.theedgemalaysia.com/2025/0891/
*CORPORATE NEWS*
• Gateway Development Alliance (GDA), the consortium proposing to privatise *Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT)* , has extended the closing time and date for the acceptance of its takeover offer to 5pm on Jan 17, 2025, from 5pm on Jan 8, 2025, previously. Besides the extended closing date, all other details, terms and conditions of the takeover offer as set out in the initial offer document, including the offer price of RM11 per share, and the acceptance condition of 90% of the total issued MAHB shares, remain unchanged.
• Cafe chain operator *Oriental Kopi Holdings Bhd* set its initial public offering (IPO) price at 44 sen apiece in a share sale that would raise RM183.96 million ahead of its listing on the ACE Market. At the IPO price, Oriental Kopi is expected to have a market capitalisation of RM880 million upon listing and value the company at about 20 times its earnings for the financial year ended Sept 30, 2024 (FY2024).
• Construction outfit *Kerjaya Prospek Group Bhd (KL:KERJAYA)* has bagged a RM256.4 million contract from Eastern & Oriental Express Sdn Bhd (E&OE) to undertake construction works in Elmina West, Shah Alam, Selangor. Kerjaya Prospek said the scope of the project, clinched through its wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd, includes the construction of 360 units of three-storey terrace houses, alongside a clubhouse, landscaping works, and other related infrastructure.
• *Kumpulan Kitacon Bhd (KL:KITACON)* has secured a RM65.68 million residential construction contract in Sungai Buloh, Selangor. Its wholly owned subsidiary, Kitacon Sdn Bhd, accepted the letter of award from KL-Kepong Country Homes Sdn Bhd on Monday for the construction and completion of bungalows located at Lot 851, Precinct 4C1, Bandar Seri Coalfields.
• Offshore oil and gas services provider *T7 Global Bhd (KL:T7GLOBAL)* announced on Monday it has bagged a contract to undertake maintenance, construction and modification (MCM) services for an undisclosed value.
• *Aizo Group Bhd (KL:AIZO)* , formerly known as Minetech Resources Bhd, has been selected to develop a 99.99MW large-scale solar photovoltaic plant in Kampar, Perak.
• Oil and gas services firm *Keyfield International Bhd (KL:KEYFIELD)* is acquiring a five-year-old platform supply vessel for US$17.6 million (RM79.2 million). It is funding the acquisition through proceeds from the company's sukuk issuance, with an additional US$2 million to be drawn from internal funds for capital expenditure to bring the vessel back to Malaysia and prepare it for operations.
• *Citaglobal Bhd (KL:CITAGLB)* has acquired a 55% equity stake in Germany’s LAWI Engineering GmbH (LAWI Germany), as part of a partnership to provide advanced waste-to-energy (WTE) technology and engineering solutions for waste management projects. The acquisition, fully paid on Jan 3, 2025, involves the subscription to 31,778 new ordinary shares in LAWI Germany via Citaglobal's wholly owned subsidiary, Citaglobal Environment Management Sdn Bhd (CGEM). However, the value of the investment was not disclosed.
• *D&O Green Technologies Bhd (KL:D&O)* said its 93.2%-owned subsidiary Dominant Electronics Sdn Bhd (DESB) has signed a memorandum of understanding (MOU) with Jing Wei Hirain Automotive Electronics Malaysia Sdn Bhd to establish a new operating company in Malaysia focusing on engineering services and automotive module production.
Newbie Trading Channel
07 Jan, 00:02
🌐 *Global Market Updates*
*_7rd January 2025_*
Indexes
🇺🇸 Dow 42,706.56 ⬇️25.570
🇬🇧 FTSE 8,249.66 ⬆️25.680
🇭🇰 HKSE 19,688.29 ⬇️71.980
🇨🇳 SSE 3,206.92 ⬇️4.507
🇲🇾 KLCI 1,625.47 ⬇️3.99
Energy/Precious Metal
⛽️Crude Oil $73.43⬇️0.53
⛽️Brent Oil $76.22 ⬇️0.29
⚜️ Gold $2,646.90 ⬇️7.80
🌴 Palm Oil $4,342 ⬇️26.00
Currency
💵 USD/MYR 4.5080
💴 CNY/MYR 0.6160
💵 SGD/MYR 3.3085
🌐 Global News
🔹The S&P 500 and the Nasdaq Composite rose on Monday to more than one-week highs, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopt a less aggressive tariff stance than expected.
🔹Oil prices experienced a slight decline on Monday amid volatile trading, despite earlier gains driven by colder weather and stronger-than-expected services activity in Europe.
🔹Gold prices fell slightly Monday, coming under pressure from a stronger dollar as expectations of a slower pace of monetary easing kept traders largely biased towards the greenback.
Sources From:
https://www.investing.com/news/economy-news/futures-edge-higher-as-chip-stocks-rise-3796977
*_7rd January 2025_*
Indexes
🇺🇸 Dow 42,706.56 ⬇️25.570
🇬🇧 FTSE 8,249.66 ⬆️25.680
🇭🇰 HKSE 19,688.29 ⬇️71.980
🇨🇳 SSE 3,206.92 ⬇️4.507
🇲🇾 KLCI 1,625.47 ⬇️3.99
Energy/Precious Metal
⛽️Crude Oil $73.43⬇️0.53
⛽️Brent Oil $76.22 ⬇️0.29
⚜️ Gold $2,646.90 ⬇️7.80
🌴 Palm Oil $4,342 ⬇️26.00
Currency
💵 USD/MYR 4.5080
💴 CNY/MYR 0.6160
💵 SGD/MYR 3.3085
🌐 Global News
🔹The S&P 500 and the Nasdaq Composite rose on Monday to more than one-week highs, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopt a less aggressive tariff stance than expected.
🔹Oil prices experienced a slight decline on Monday amid volatile trading, despite earlier gains driven by colder weather and stronger-than-expected services activity in Europe.
🔹Gold prices fell slightly Monday, coming under pressure from a stronger dollar as expectations of a slower pace of monetary easing kept traders largely biased towards the greenback.
Sources From:
https://www.investing.com/news/economy-news/futures-edge-higher-as-chip-stocks-rise-3796977
Newbie Trading Channel
06 Jan, 13:28
The Star : Business Feed
Wawasan Dengkil inks underwriting agreement to list on the ACE Market of Bursa Malaysia
Wawasan Dengkil inks underwriting agreement to list on the ACE Market of Bursa Malaysia
Newbie Trading Channel
06 Dec, 02:26
钻石价格大崩跌？！ 全球最大生产商减价了
https://www.chinapress.com.my/?p=4213709
（纽约6日讯）随着通胀打击消费者购买力、中国奢侈品市场崩溃，加上人工钻石持续抢市，钻石行业正陷入数十年来最严重、持续时间最长的衰退；全球最大钻石生产商戴比尔斯（De Beers）更为此被迫大幅降价超过10%。 “彭博社”报导，全球最大钻石生产商戴比尔
https://www.chinapress.com.my/?p=4213709
Newbie Trading Channel
06 Dec, 00:51
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
06 Dec 2024
Download report here: https://tinyurl.com/4eb5pusm
*HSPLANT (5138)*: Shariah Compliant
Outlook: Breakout MYR2.16
Resistance: MYR2.35, MYR2.50
Support: MYR2.04
(time frame: 2-4 weeks)
*MYNEWS (5275)*:
Outlook: Breakout MYR0.68
Resistance: MYR0.71, MYR0.76
Support: MYR0.635
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
06 Dec 2024
Download report here: https://tinyurl.com/4eb5pusm
*HSPLANT (5138)*: Shariah Compliant
Outlook: Breakout MYR2.16
Resistance: MYR2.35, MYR2.50
Support: MYR2.04
(time frame: 2-4 weeks)
*MYNEWS (5275)*:
Outlook: Breakout MYR0.68
Resistance: MYR0.71, MYR0.76
Support: MYR0.635
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
06 Dec, 00:19
*SHORT TERM TREND*
*FKLI*
Trend: *UP*
Might change if price breaks below 1608.
*FCPO*
Trend: *UP*
Might change if price breaks below 5005.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 44993.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 68.89.
*GOLD*
Trend : *DOWN*
Might change if price breaks above 2666.20.
*HSI*
Trend : *SODEWAY*
Might change if price breaks 19628 / 19674.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *UP*
Might change if price breaks below 1608.
*FCPO*
Trend: *UP*
Might change if price breaks below 5005.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 44993.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 68.89.
*GOLD*
Trend : *DOWN*
Might change if price breaks above 2666.20.
*HSI*
Trend : *SODEWAY*
Might change if price breaks 19628 / 19674.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
06 Dec, 00:16
🌐 *Global Market Updates*
*_6th December 2024_*
Indexes
🇺🇸 Dow 44,765.71 ⬇️248.33
🇬🇧 FTSE 8,349.38 ⬆️13.57
🇭🇰 HKSE 19,560.44⬇️182.02
🇨🇳 SSE 3,368.86 ⬆️4.21
🇲🇾 KLCI 1,615.64 ⬆️1.55
Energy/Precious Metal
⛽️Crude Oil $68.42⬇️0.12
⛽️Brent Oil $72.16 ⬇️0.03
⚜️ Gold $2,654.95 ⬇️21.25
🌴 Palm Oil $5,153 ⬆️18.00
Currency
💵 USD/MYR 4.4275
💴 CNY/MYR 0.6098
💵 SGD/MYR 3.3075
🌐 Global News
🔹The S&P 500 fell Thursday, halting three straight days of closing records, as investors digested a slew of earnings and labor market data, a day ahead of the nonfarm payrolls report.
🔹Oil prices settled lower Thursday, as concerns about growing supply of crude persisted, offsetting early gains following OPEC+'s decision to delay the restart of its oil production increases by three months.
🔹Gold prices fell Thursday despite weakness in in the dollar ahead of key jobs report due Friday that is likely to sway the Federal Reserve's rate decision slated for next week.
Sources From:
https://uk.investing.com/news/stock-market-news/us-stock-futures-muted-after-wall-st-hits-record-highs-on-tech-gains-powell-talk-3821649
*_6th December 2024_*
Indexes
🇺🇸 Dow 44,765.71 ⬇️248.33
🇬🇧 FTSE 8,349.38 ⬆️13.57
🇭🇰 HKSE 19,560.44⬇️182.02
🇨🇳 SSE 3,368.86 ⬆️4.21
🇲🇾 KLCI 1,615.64 ⬆️1.55
Energy/Precious Metal
⛽️Crude Oil $68.42⬇️0.12
⛽️Brent Oil $72.16 ⬇️0.03
⚜️ Gold $2,654.95 ⬇️21.25
🌴 Palm Oil $5,153 ⬆️18.00
Currency
💵 USD/MYR 4.4275
💴 CNY/MYR 0.6098
💵 SGD/MYR 3.3075
🌐 Global News
🔹The S&P 500 fell Thursday, halting three straight days of closing records, as investors digested a slew of earnings and labor market data, a day ahead of the nonfarm payrolls report.
🔹Oil prices settled lower Thursday, as concerns about growing supply of crude persisted, offsetting early gains following OPEC+'s decision to delay the restart of its oil production increases by three months.
🔹Gold prices fell Thursday despite weakness in in the dollar ahead of key jobs report due Friday that is likely to sway the Federal Reserve's rate decision slated for next week.
Sources From:
https://uk.investing.com/news/stock-market-news/us-stock-futures-muted-after-wall-st-hits-record-highs-on-tech-gains-powell-talk-3821649
Newbie Trading Channel
06 Dec, 00:13
*RHB♦️Investment Bank Bhd*
6th December 2024
https://ceomorningbrief.theedgemalaysia.com/2024/0876/
*Dow Jones* :44,765.71
⬇️248.33 /0.55%‼️
*Nasdaq* :19,700.26
⬇️34.86/0.18%‼️
*S&P 500*:6,075.11
⬇️11.38/0.19%‼️
U.S. stocks were lower on Thursday as investors awaited Friday’s big jobs report.
*WTI CRUDE OIL* :68.45
⬇️0.09/0.13%
*BRENT OIL* :72.16
⬇️0.15/0.21%
*GOLD PRICE* : 2,655.00
⬇️21.20/ 0.79%‼️
*USD/MYR* : 4.42
*CORPORATE NEWS*
Deleum Bhd (KL:DELEUM) said it is exploring more acquisition opportunities after firming up a 70% stake purchase in an Indonesian valve solutions provider that could triple its addressable control and pressure relief valve market size. The ambition is to go beyond Malaysia and Indonesia, said Deleum group chief executive officer Ramanrao Abdullah, who noted that the natural development would be to look at Thailand and Vietnam for its next acquisition. — Deleum eyes more acquisitions after 70% stake buy in Indonesian O&G valve outfit
T7 Global Bhd (KL:T7GLOBAL) has won a contract from Petrofac (Malaysia-PM304) Ltd for the provision of pan-Malaysia maintenance, construction, modification (MCM) and hook-up and commissioning (HUC) services for Package B3. The contract, won by T7's wholly-owned unit Tanjung Offshore Services Sdn Bhd, is for a primary period of five years. It also has two extension options for three years and two years respectively. — T7 wins pan-Malaysia contract with Package B3 from Petrofac
NationGate Holdings Bhd (KL:NATGATE) has launched its latest artificial intelligence (AI) servers catering for clients from start-ups to hyperscale data centres. The launch sees NationGate emerging as the first in Malaysia to manufacture the servers. The servers will be powered by industry-leading graphics processing units (GPUs). NationGate added that it is an original equipment manufacturer partner to the industry-leading GPUs' manufacturer. — NationGate launches locally manufactured AI servers
Dialog Group Bhd (KL:DIALOG) said that it has won a contract with Petroliam Nasional Bhd (Petronas) to assume 100% participating interest and the role of operator in the RAJA Cluster small field asset production sharing contract (PSC), located offshore Peninsular Malaysia. Dialog said its wholl- owned subsidiary Dialog Resources Sdn Bhd has entered into an agreement with Malaysia Petroleum Management that would include the pre-development study, development and production of discovered resources over the full life of the RAJA Cluster SFA PSC, followed by abandonment upon its expiry. — Dialog wins RAJA Cluster small field production sharing contract from Petronas
Fiamma Holdings Bhd (KL:FIAMMA) is forming a joint venture company to bring heating, ventilation and air conditioning (HVAC) solutions under the VINO brand into Malaysia. Fiamma said the JV company will be named VINO Air-Conditioning (M) Sdn Bhd, with Fiamma holding a 70% equity stake and Hong Kong-based Great Trillion Investment Ltd holding the remaining 30% stake. Great Trillion is a unit of China-based Zhuhai Samyou Environmental Technology Co Ltd. — Fiamma forms JV with Chinese company to bring in VINO air-conditioners
Pavilion Real Estate Investment Trust (KL:PAVREIT) has proposed to buy two hotels in Kuala Lumpur for an aggregate RM480 million and undertake a private placement to raise up to RM552 million to fund the acquisitions. It said its trustee, MTrustee Bhd, has entered into agreements to acquire Banyan Tree KL for RM140 million from Lumayan Indah Sdn Bhd, and buy Pavilion Hotel KL for RM340 million from Harmoni Perkasa Sdn Bhd. The deals are deemed related-party transactions as both Lumayan and Harmoni Perkasa are indirectly wholly-owned by Pavilion REIT major unitholder Tan Sri Lim Siew Choon. — Pavilion REIT proposes to buy chairman’s KL hotels for RM480m
HB Global Ltd (KL:HBGLOB) said it has partnered with a company belonging to the Regent of Pahang to jointly develop artificial intelligence (AI) technology-driven agriculture activities on 500 acres of land in Pekan, Pahang.
6th December 2024
https://ceomorningbrief.theedgemalaysia.com/2024/0876/
*Dow Jones* :44,765.71
⬇️248.33 /0.55%‼️
*Nasdaq* :19,700.26
⬇️34.86/0.18%‼️
*S&P 500*:6,075.11
⬇️11.38/0.19%‼️
U.S. stocks were lower on Thursday as investors awaited Friday’s big jobs report.
*WTI CRUDE OIL* :68.45
⬇️0.09/0.13%
*BRENT OIL* :72.16
⬇️0.15/0.21%
*GOLD PRICE* : 2,655.00
⬇️21.20/ 0.79%‼️
*USD/MYR* : 4.42
*CORPORATE NEWS*
Deleum Bhd (KL:DELEUM) said it is exploring more acquisition opportunities after firming up a 70% stake purchase in an Indonesian valve solutions provider that could triple its addressable control and pressure relief valve market size. The ambition is to go beyond Malaysia and Indonesia, said Deleum group chief executive officer Ramanrao Abdullah, who noted that the natural development would be to look at Thailand and Vietnam for its next acquisition. — Deleum eyes more acquisitions after 70% stake buy in Indonesian O&G valve outfit
T7 Global Bhd (KL:T7GLOBAL) has won a contract from Petrofac (Malaysia-PM304) Ltd for the provision of pan-Malaysia maintenance, construction, modification (MCM) and hook-up and commissioning (HUC) services for Package B3. The contract, won by T7's wholly-owned unit Tanjung Offshore Services Sdn Bhd, is for a primary period of five years. It also has two extension options for three years and two years respectively. — T7 wins pan-Malaysia contract with Package B3 from Petrofac
NationGate Holdings Bhd (KL:NATGATE) has launched its latest artificial intelligence (AI) servers catering for clients from start-ups to hyperscale data centres. The launch sees NationGate emerging as the first in Malaysia to manufacture the servers. The servers will be powered by industry-leading graphics processing units (GPUs). NationGate added that it is an original equipment manufacturer partner to the industry-leading GPUs' manufacturer. — NationGate launches locally manufactured AI servers
Dialog Group Bhd (KL:DIALOG) said that it has won a contract with Petroliam Nasional Bhd (Petronas) to assume 100% participating interest and the role of operator in the RAJA Cluster small field asset production sharing contract (PSC), located offshore Peninsular Malaysia. Dialog said its wholl- owned subsidiary Dialog Resources Sdn Bhd has entered into an agreement with Malaysia Petroleum Management that would include the pre-development study, development and production of discovered resources over the full life of the RAJA Cluster SFA PSC, followed by abandonment upon its expiry. — Dialog wins RAJA Cluster small field production sharing contract from Petronas
Fiamma Holdings Bhd (KL:FIAMMA) is forming a joint venture company to bring heating, ventilation and air conditioning (HVAC) solutions under the VINO brand into Malaysia. Fiamma said the JV company will be named VINO Air-Conditioning (M) Sdn Bhd, with Fiamma holding a 70% equity stake and Hong Kong-based Great Trillion Investment Ltd holding the remaining 30% stake. Great Trillion is a unit of China-based Zhuhai Samyou Environmental Technology Co Ltd. — Fiamma forms JV with Chinese company to bring in VINO air-conditioners
Pavilion Real Estate Investment Trust (KL:PAVREIT) has proposed to buy two hotels in Kuala Lumpur for an aggregate RM480 million and undertake a private placement to raise up to RM552 million to fund the acquisitions. It said its trustee, MTrustee Bhd, has entered into agreements to acquire Banyan Tree KL for RM140 million from Lumayan Indah Sdn Bhd, and buy Pavilion Hotel KL for RM340 million from Harmoni Perkasa Sdn Bhd. The deals are deemed related-party transactions as both Lumayan and Harmoni Perkasa are indirectly wholly-owned by Pavilion REIT major unitholder Tan Sri Lim Siew Choon. — Pavilion REIT proposes to buy chairman’s KL hotels for RM480m
HB Global Ltd (KL:HBGLOB) said it has partnered with a company belonging to the Regent of Pahang to jointly develop artificial intelligence (AI) technology-driven agriculture activities on 500 acres of land in Pekan, Pahang.
Newbie Trading Channel
06 Dec, 00:13
The joint venture entity, HB Global Capital Sdn Bhd, will be 55%-owned by HB Global and 45% by HIS Holdings Sdn Bhd, whose sole shareholder is Tengku Hassanal Ibrahim Alam Shah ibni Al-Sultan Abdullah. Tengku Hassanal Ibrahim Alam Shah is also the owner of the 500-acre land. — HB Global forms JV to develop AI-powered farming in Pahang
Destini Bhd (KL:DESTINI) said it is acquiring Australia-based rail component remediation services provider Trovon Group Pty Ltd, in a bid to strengthen its rail maintenance capabilities and expand its global presence. Destini will pay A$100 (RM285) for the acquisition, and assume A$3.25 million of Trovon’s outstanding debt and inject an additional A$1 million for working capital. Destini said it sees potential expansion opportunities into Singapore, Dubai and China through its existing Techno Fibre group network. — Destini to buy Australia's Trovon Group to expand global rail maintenance reach
Destini Bhd (KL:DESTINI) said it is acquiring Australia-based rail component remediation services provider Trovon Group Pty Ltd, in a bid to strengthen its rail maintenance capabilities and expand its global presence. Destini will pay A$100 (RM285) for the acquisition, and assume A$3.25 million of Trovon’s outstanding debt and inject an additional A$1 million for working capital. Destini said it sees potential expansion opportunities into Singapore, Dubai and China through its existing Techno Fibre group network. — Destini to buy Australia's Trovon Group to expand global rail maintenance reach
Newbie Trading Channel
05 Dec, 11:52
The Star : Business Feed
Pavilion REIT proposes acquisition of Bukit Bintang hotels for RM480mil
Pavilion REIT proposes acquisition of Bukit Bintang hotels for RM480mil
Newbie Trading Channel
05 Dec, 09:41
*RHB♦️Investment Bank Bhd*
Thursday 05/12/2024
FBMKLCI : *1,615.64*
*⬆️ 1.55 (0.10%)*
Volume : *3.242B*
Value : *2.742B*
⬆️ 538
⬇️ 537
🔁 519
_Bursa Malaysia continued its upward momentum on Thursday, following Wall Street's overnight rally driven by improved consumer confidence_
Top 3 active stocks :
CRPMATE 0.21 ⬆️ 0.01
SUPERMX 0.985 ⬆️ 0.10
ARMADA 0.62 ⬆️ 0.025
Thursday 05/12/2024
FBMKLCI : *1,615.64*
*⬆️ 1.55 (0.10%)*
Volume : *3.242B*
Value : *2.742B*
⬆️ 538
⬇️ 537
🔁 519
_Bursa Malaysia continued its upward momentum on Thursday, following Wall Street's overnight rally driven by improved consumer confidence_
Top 3 active stocks :
CRPMATE 0.21 ⬆️ 0.01
SUPERMX 0.985 ⬆️ 0.10
ARMADA 0.62 ⬆️ 0.025
Newbie Trading Channel
05 Dec, 08:39
https://www.thestar.com.my/business/business-news/2024/12/05/nationgate-launches-its-latest-ai-server
Newbie Trading Channel
05 Dec, 06:59
The Star : Business Feed
FBM KLCI sees early gains erased on profit-taking
FBM KLCI sees early gains erased on profit-taking
Newbie Trading Channel
05 Dec, 06:59
The Star : Business Feed
T7 Global unit bags Petrofac contract
T7 Global unit bags Petrofac contract
Newbie Trading Channel
05 Dec, 04:14
The Star : Business Feed
Bitcoin tops US$100,000 on optimism over Trump crypto plans
Bitcoin tops US$100,000 on optimism over Trump crypto plans
Newbie Trading Channel
05 Dec, 04:13
The Star : Business Feed
Fertiliser producer Cropmate rises 22.5% on ACE Market debut
Fertiliser producer Cropmate rises 22.5% on ACE Market debut
Newbie Trading Channel
05 Dec, 04:13
The Star : Business Feed
FBM KLCI enters fourth day of rally as US market lifts
FBM KLCI enters fourth day of rally as US market lifts
Newbie Trading Channel
05 Dec, 04:13
由于市场对美国当选总统特朗普政府，可能支持数字资产行业持乐观态度，比特币价格首次突破10万美元，今年以来的涨幅已达到138%。
https://www.enanyang.my/node/638838
https://www.enanyang.my/node/638838
Newbie Trading Channel
05 Dec, 01:41
‼️‼️ Genting, Genting Malaysia to be dropped from FBM KLCI — sources
云顶、云顶马来西亚将从富时隆综指剔除
KLCI - the latest review of the benchmark index that will be announced on Thursday, according to sources.
The latest semi-annual review of the FBM KLCI will be based on companies' market capitalisation data at the close of Nov 25. According to reports, the results of Thursday's review will take effect between Dec 20 and Dec 23.
‼️‼️ Replacing the two Genting stocks in the index could be GAMUDA, ranked 17th, and 99SMART, ranked 26th, in market capitalisation on Wednesday.
https://theedgemalaysia.com/node/736618
云顶、云顶马来西亚将从富时隆综指剔除
KLCI - the latest review of the benchmark index that will be announced on Thursday, according to sources.
The latest semi-annual review of the FBM KLCI will be based on companies' market capitalisation data at the close of Nov 25. According to reports, the results of Thursday's review will take effect between Dec 20 and Dec 23.
‼️‼️ Replacing the two Genting stocks in the index could be GAMUDA, ranked 17th, and 99SMART, ranked 26th, in market capitalisation on Wednesday.
https://theedgemalaysia.com/node/736618
Newbie Trading Channel
05 Dec, 00:39
*SHORT TERM TREND*
*FKLI*
Trend: *UP*
Might change if price breaks below 1604.
*FCPO*
Trend: *UP*
Might change if price breaks below 4907.
*Mini Dow*
Trend: *UP*
Might change if price breaks below 44863.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 69.30.
*GOLD*
Trend : *UP*
Might change if price breaks below 2668.10.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19686.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *UP*
Might change if price breaks below 1604.
*FCPO*
Trend: *UP*
Might change if price breaks below 4907.
*Mini Dow*
Trend: *UP*
Might change if price breaks below 44863.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 69.30.
*GOLD*
Trend : *UP*
Might change if price breaks below 2668.10.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19686.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
05 Dec, 00:13
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
05 Dec 2024
Download report here: https://tinyurl.com/5crnwvam
*KOSSAN (7153)*: Shariah Compliant
Outlook: Breakout MYR2.50
Resistance: MYR2.70, MYR3
Support: MYR2.30
(time frame: 2-4 weeks)
*CLOUDPT (0277)*: Shariah Compliant
Outlook: Breakout MYR0.90
Resistance: MYR0.97, MYR1.05
Support: MYR0.835
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
05 Dec 2024
Download report here: https://tinyurl.com/5crnwvam
*KOSSAN (7153)*: Shariah Compliant
Outlook: Breakout MYR2.50
Resistance: MYR2.70, MYR3
Support: MYR2.30
(time frame: 2-4 weeks)
*CLOUDPT (0277)*: Shariah Compliant
Outlook: Breakout MYR0.90
Resistance: MYR0.97, MYR1.05
Support: MYR0.835
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
02 Dec, 01:24
‼️🚨 Trading halt and resumption: SIMEPROP
📣Trading in the shares of Sime Darby Property (SIMEPROP) has been suspended from 9:00am today (2 December 2024) and will only resume trading at 10:00am this morning
暂停交易，10点复市
Read more : https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3505421
📣Trading in the shares of Sime Darby Property (SIMEPROP) has been suspended from 9:00am today (2 December 2024) and will only resume trading at 10:00am this morning
暂停交易，10点复市
Read more : https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3505421
Newbie Trading Channel
02 Dec, 00:50
📣 NEW IPO APPLICATION 📣
Stock Name: WINSTAR
(WINSTAR CAPITAL BERHAD)
Stock Code: 0336
IPO Price: RM0.35
Listing: Ace Market
Business Activity
💎 involved in extrusion of aluminium profiles and fabrication of aluminium ladders as well as aluminium solar PV mounting structures and related accessories; trading and distribution of building materials; and solar PV system installation services."
🍀从事铝型材挤压及铝梯制造，以及铝制太阳能光伏支架及相关配件; 建筑材料的贸易和分销; 以及提供太阳能光伏系统安装服务。
*Timetable for IPO*
Closing of Application:
03 Dec 2024
Balloting of Application:
06 Dec 2024
Allotment to successful Applicants:
18 Dec 2024
Listing date:
19 Dec 2024
https://theedgemalaysia.com/node/735459
Stock Name: WINSTAR
(WINSTAR CAPITAL BERHAD)
Stock Code: 0336
IPO Price: RM0.35
Listing: Ace Market
Business Activity
💎 involved in extrusion of aluminium profiles and fabrication of aluminium ladders as well as aluminium solar PV mounting structures and related accessories; trading and distribution of building materials; and solar PV system installation services."
🍀从事铝型材挤压及铝梯制造，以及铝制太阳能光伏支架及相关配件; 建筑材料的贸易和分销; 以及提供太阳能光伏系统安装服务。
*Timetable for IPO*
Closing of Application:
03 Dec 2024
Balloting of Application:
06 Dec 2024
Allotment to successful Applicants:
18 Dec 2024
Listing date:
19 Dec 2024
https://theedgemalaysia.com/node/735459
Newbie Trading Channel
02 Dec, 00:32
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
02 Dec 2024
Download report here: https://tinyurl.com/4szwdmby
*SEALINK (5145)*: Shariah Compliant
Outlook: Breakout MYR0.325
Resistance: MYR0.35, MYR0.38
Support: MYR0.30
(time frame: 2-4 weeks)
*E&O (3417)*: Shariah Compliant
Outlook: Breakout MYR0.97
Resistance: MYR1.03, MYR1.10
Support: MYR0.92
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
02 Dec 2024
Download report here: https://tinyurl.com/4szwdmby
*SEALINK (5145)*: Shariah Compliant
Outlook: Breakout MYR0.325
Resistance: MYR0.35, MYR0.38
Support: MYR0.30
(time frame: 2-4 weeks)
*E&O (3417)*: Shariah Compliant
Outlook: Breakout MYR0.97
Resistance: MYR1.03, MYR1.10
Support: MYR0.92
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
02 Dec, 00:05
*RHB♦️Investment Bank Bhd*
*Monday, 2nd December 2024*
*Dow Jones* :44,910.65
⬆️188.59 / 0.42%
*Nasdaq* :19,218.17
⬆️157.69 / 0.83%
*S&P 500*:6,032.38
⬆️33.64 / 0.56%
_The Dow Jones Industrial Average and S&P 500 rose to new heights on Friday amid a shortened trading day that capped a strong month for equities._
*WTI CRUDE OIL* :68.14
⬇️0.58 / 0.84%
*BRENT OIL* :72.07
⬇️0.71 / 0.98%
*GOLD PRICE* : 2,681.00
⬆️16.20 / 0.61%
*USD/MYR* : 4.44
*CORPORATE NEWS*
*Public Bank Bhd (KL:PBBANK)*, Malaysia’s third-largest bank by assets, posted a 12% increase in net profit to RM1.91 billion for the third quarter ended Sept 30, 2024 (3QFY2024) from RM1.7 billion a year ago, thanks to operating income growth. Year-on-year, net interest income rose 5% and income from Islamic banking was up 6.5%, while non-interest income such as fees and commissions climbed 18%.
*RHB Bank Bhd (KL:RHBBANK)’s* net profit grew 28% to RM833.19 million for the 3QFY2024, from RM649.95 million a year earlier, as the banking group booked sharp currency gains of RM659.86 million. Excluding the net forex gains, the banking group's other operating income would have been RM394.14 million. It was RM435.88 million a year ago including a net forex gain of RM85.22 million. Quarterly revenue increased by 7% to RM4.51 billion, from RM4.22 billion in the corresponding quarter. — RHB Bank's 3Q earnings grow 28%
*Padini Holdings Bhd (KL:PADINI)* said the retail business remains tough amid rising cost of living, after the apparel company reported a 57% sharp drop in profits.
*QL Resources Bhd's (KL:QL)* net profit rose 4.6% to RM128.28 million in the second quarter ended Sept 30, 2025 (2QFY2025) from RM122.64 million a year earlier, on the back of improved revenue contributions from all its business segments, which helped offset increases in tax expenses and finance costs. Quarterly revenue climbed 10.8% to RM1.87 billion from RM1.69 billion. — QL Resources' 2Q profit climbs 5% as higher sales offset increases in tax, finance costs
*LBS Bina Group Bhd (KL:LBS)* said that it is unlikely for the group to meet its internal sales target of RM1.8 billion this year, due to deferred launches caused by a lengthy approval process. As of Nov 28, it had registered total property sales of RM1.21 billion, with RM183.5 million in bookings.
*IGB Bhd (KL:IGBB)* has declared a dividend payout of 12 sen per share for FY2024 — comprising an interim dividend of seven sen and a special dividend of five sen — as its net profit jumped 27% to RM73.7 million in 3QFY2024, from RM58 million, driven by higher contributions from its retail, commercial and hotel segments.
Low-cost, medium-haul airline *AirAsia X Bhd (KL:AAX)’s* net profit jumped 22 times to RM121.64 million in 3QFY2024, from RM5.56 million, as currency gains and higher revenue offset a jump in operating expenses. It booked RM125.29 million from both realised and unrealised net foreign exchange gains. Revenue meanwhile rose 23% to RM795.03 million, from RM648.36 million on higher ticket sales and ancillary revenue.
*Panasonic Manufacturing Malaysia Bhd (KL:PANAMY)* reported its lowest quarterly net profit in three years of RM2.47 million in the second quarter ended Sept 30, 2024 (2QFY2025), hit by a foreign exchange (forex) loss of RM16.4 million and increased raw material costs.
*Velesto Energy Bhd (KL:VELESTO)* made a net profit of RM42.93 million for 3QFY2024, over a 30-fold jump from RM1.22 million in 3QFY2023. Revenue grew 21.83% to RM352.36 million from RM289.24 million, thanks to higher utilisation and average daily charter rates for jack-up rigs under its drilling services and an extension of its integrated rig, drilling, and completion (i-RDC) project in the quarter. — Velesto's share price skids despite 3Q profit jump as it flags slowing demand for jack-up rigs
*Monday, 2nd December 2024*
*Dow Jones* :44,910.65
⬆️188.59 / 0.42%
*Nasdaq* :19,218.17
⬆️157.69 / 0.83%
*S&P 500*:6,032.38
⬆️33.64 / 0.56%
_The Dow Jones Industrial Average and S&P 500 rose to new heights on Friday amid a shortened trading day that capped a strong month for equities._
*WTI CRUDE OIL* :68.14
⬇️0.58 / 0.84%
*BRENT OIL* :72.07
⬇️0.71 / 0.98%
*GOLD PRICE* : 2,681.00
⬆️16.20 / 0.61%
*USD/MYR* : 4.44
*CORPORATE NEWS*
*Public Bank Bhd (KL:PBBANK)*, Malaysia’s third-largest bank by assets, posted a 12% increase in net profit to RM1.91 billion for the third quarter ended Sept 30, 2024 (3QFY2024) from RM1.7 billion a year ago, thanks to operating income growth. Year-on-year, net interest income rose 5% and income from Islamic banking was up 6.5%, while non-interest income such as fees and commissions climbed 18%.
*RHB Bank Bhd (KL:RHBBANK)’s* net profit grew 28% to RM833.19 million for the 3QFY2024, from RM649.95 million a year earlier, as the banking group booked sharp currency gains of RM659.86 million. Excluding the net forex gains, the banking group's other operating income would have been RM394.14 million. It was RM435.88 million a year ago including a net forex gain of RM85.22 million. Quarterly revenue increased by 7% to RM4.51 billion, from RM4.22 billion in the corresponding quarter. — RHB Bank's 3Q earnings grow 28%
*Padini Holdings Bhd (KL:PADINI)* said the retail business remains tough amid rising cost of living, after the apparel company reported a 57% sharp drop in profits.
*QL Resources Bhd's (KL:QL)* net profit rose 4.6% to RM128.28 million in the second quarter ended Sept 30, 2025 (2QFY2025) from RM122.64 million a year earlier, on the back of improved revenue contributions from all its business segments, which helped offset increases in tax expenses and finance costs. Quarterly revenue climbed 10.8% to RM1.87 billion from RM1.69 billion. — QL Resources' 2Q profit climbs 5% as higher sales offset increases in tax, finance costs
*LBS Bina Group Bhd (KL:LBS)* said that it is unlikely for the group to meet its internal sales target of RM1.8 billion this year, due to deferred launches caused by a lengthy approval process. As of Nov 28, it had registered total property sales of RM1.21 billion, with RM183.5 million in bookings.
*IGB Bhd (KL:IGBB)* has declared a dividend payout of 12 sen per share for FY2024 — comprising an interim dividend of seven sen and a special dividend of five sen — as its net profit jumped 27% to RM73.7 million in 3QFY2024, from RM58 million, driven by higher contributions from its retail, commercial and hotel segments.
Low-cost, medium-haul airline *AirAsia X Bhd (KL:AAX)’s* net profit jumped 22 times to RM121.64 million in 3QFY2024, from RM5.56 million, as currency gains and higher revenue offset a jump in operating expenses. It booked RM125.29 million from both realised and unrealised net foreign exchange gains. Revenue meanwhile rose 23% to RM795.03 million, from RM648.36 million on higher ticket sales and ancillary revenue.
*Panasonic Manufacturing Malaysia Bhd (KL:PANAMY)* reported its lowest quarterly net profit in three years of RM2.47 million in the second quarter ended Sept 30, 2024 (2QFY2025), hit by a foreign exchange (forex) loss of RM16.4 million and increased raw material costs.
*Velesto Energy Bhd (KL:VELESTO)* made a net profit of RM42.93 million for 3QFY2024, over a 30-fold jump from RM1.22 million in 3QFY2023. Revenue grew 21.83% to RM352.36 million from RM289.24 million, thanks to higher utilisation and average daily charter rates for jack-up rigs under its drilling services and an extension of its integrated rig, drilling, and completion (i-RDC) project in the quarter. — Velesto's share price skids despite 3Q profit jump as it flags slowing demand for jack-up rigs
Newbie Trading Channel
02 Dec, 00:05
Bursa Malaysia has approved Practice Note 17 (PN17) company *Pharmaniaga Bhd’s (KL:PHARMA)* regularisation plan, which was revised to adjust its capital reduction and exclude warrants from its rights issue, exactly a year after the initial iteration was announced. The regularisation plan, which comprises a RM520 million capital reduction, a rights issue to raise up to RM353.52 million and a RM300 million proposed private placement, was approved by the bourse operator on Friday.
*Hextar Industries Bhd (KL:HEXIND)* has signed an agreement to bring in Chinese coffee house chain Luckin Coffee to Malaysian shores. It will have the exclusive rights to develop, open, and operate coffee shops under the Luckin Coffee brand nationwide in Malaysia. The rights would be for 10 years, with possible renewal for two successive five-year terms. Founded in 2017 and headquartered in Xiamen, Luckin Coffee operated 21,343 stores globally as of the third quarter of 2024.
*Hextar Industries Bhd (KL:HEXIND)* has signed an agreement to bring in Chinese coffee house chain Luckin Coffee to Malaysian shores. It will have the exclusive rights to develop, open, and operate coffee shops under the Luckin Coffee brand nationwide in Malaysia. The rights would be for 10 years, with possible renewal for two successive five-year terms. Founded in 2017 and headquartered in Xiamen, Luckin Coffee operated 21,343 stores globally as of the third quarter of 2024.
Newbie Trading Channel
01 Dec, 23:55
🌐 *Global Market Updates*
*_2nd December 2024_*
Indexes
🇺🇸 Dow 44,910.65 ⬆️188.59
🇬🇧 FTSE 8,287.30 ⬆️6.08
🇭🇰 HKSE 19,423.61 ⬆️56.65
🇨🇳 SSE 3,326.46 ⬆️30.76
🇲🇾 KLCI 1,594.29 ⬇️3.20
Energy/Precious Metal
⛽️Crude Oil $68.00⬇️0.72
⛽️Brent Oil $72.94 ⬆️0.16
⚜️ Gold $2,681.00 ⬆️16.20
🌴 Palm Oil $5,020 ⬆️135.00
Currency
💵 USD/MYR 4.4450
💴 CNY/MYR 0.6138
💵 SGD/MYR 3.3187
🌐 Global News
🔹The S&P 500 closed at a record high holiday-shortened trading session Friday, wrapping up its best month of 2024.
🔹Oil prices slipped Friday, but settled higher for the week as investors monitored developments regarding OPEC's production strategy following a four-day postponement of a critical virtual meeting.
🔹Gold prices rose on Friday, taking advantage of a weaker dollar as traders bet on a December interest rate cut, while increased geopolitical tensions also pushed up haven demand.
Sources From:
https://uk.investing.com/news/stock-market-news/us-stock-futures-rise-in-holidaythinned-trade-3812903
*_2nd December 2024_*
Indexes
🇺🇸 Dow 44,910.65 ⬆️188.59
🇬🇧 FTSE 8,287.30 ⬆️6.08
🇭🇰 HKSE 19,423.61 ⬆️56.65
🇨🇳 SSE 3,326.46 ⬆️30.76
🇲🇾 KLCI 1,594.29 ⬇️3.20
Energy/Precious Metal
⛽️Crude Oil $68.00⬇️0.72
⛽️Brent Oil $72.94 ⬆️0.16
⚜️ Gold $2,681.00 ⬆️16.20
🌴 Palm Oil $5,020 ⬆️135.00
Currency
💵 USD/MYR 4.4450
💴 CNY/MYR 0.6138
💵 SGD/MYR 3.3187
🌐 Global News
🔹The S&P 500 closed at a record high holiday-shortened trading session Friday, wrapping up its best month of 2024.
🔹Oil prices slipped Friday, but settled higher for the week as investors monitored developments regarding OPEC's production strategy following a four-day postponement of a critical virtual meeting.
🔹Gold prices rose on Friday, taking advantage of a weaker dollar as traders bet on a December interest rate cut, while increased geopolitical tensions also pushed up haven demand.
Sources From:
https://uk.investing.com/news/stock-market-news/us-stock-futures-rise-in-holidaythinned-trade-3812903
Newbie Trading Channel
30 Nov, 02:36
Fall of a bellwether | https://www.klsescreener.com/v2/news/view/1434945
LAST Monday was the cut-off date for the FTSE Bursa Malaysia KLCI (FBM KLCI) index review and based on the ranking of the top 30 market capitalisation, it was indeed momentous as both Genting Bhd (Genting) and Genting Malaysia Bhd (GenM) will likely be booted out when the official announcement is made next week.
The rebalancing date itself will be implemented after close of business on the third Friday of December, which is Dec 20, while the effective date is on Monday, Dec 23.
LAST Monday was the cut-off date for the FTSE Bursa Malaysia KLCI (FBM KLCI) index review and based on the ranking of the top 30 market capitalisation, it was indeed momentous as both Genting Bhd (Genting) and Genting Malaysia Bhd (GenM) will likely be booted out when the official announcement is made next week.
The rebalancing date itself will be implemented after close of business on the third Friday of December, which is Dec 20, while the effective date is on Monday, Dec 23.
Newbie Trading Channel
29 Nov, 12:11
Unlock the Power of Dividend Stocks: Your Path to Financial Growth
🌟 Earn While You Sleep
Investing in dividend stocks means receiving regular payouts—making your money work for you, even when you're not actively working!
💰 Reliable Income Stream
Dividends provide a steady and predictable income, helping you achieve financial independence, cover expenses, or simply reinvest for greater returns.
📈 Long-Term Growth Potential
Dividends often grow over time as companies increase payouts, offering you both immediate income and the potential for capital appreciation.
⚖️ Build a Balanced Portfolio
Dividend stocks add stability to your investments by offering low volatility and consistent performance, even in uncertain markets.
🔒 Minimize Risk, Maximize Reward
Many top dividend stocks come from well-established companies with a proven track record, providing lower risk compared to other forms of investing.
🌱 Reinvest and Grow
Reinvest your dividends and let the magic of compounding fuel your portfolio’s growth over time.
Start your journey today—Invest in dividend stocks for a smarter, safer, and more rewarding financial future!
📲https://wa.me/60169540487
🌟 Earn While You Sleep
Investing in dividend stocks means receiving regular payouts—making your money work for you, even when you're not actively working!
💰 Reliable Income Stream
Dividends provide a steady and predictable income, helping you achieve financial independence, cover expenses, or simply reinvest for greater returns.
📈 Long-Term Growth Potential
Dividends often grow over time as companies increase payouts, offering you both immediate income and the potential for capital appreciation.
⚖️ Build a Balanced Portfolio
Dividend stocks add stability to your investments by offering low volatility and consistent performance, even in uncertain markets.
🔒 Minimize Risk, Maximize Reward
Many top dividend stocks come from well-established companies with a proven track record, providing lower risk compared to other forms of investing.
🌱 Reinvest and Grow
Reinvest your dividends and let the magic of compounding fuel your portfolio’s growth over time.
Start your journey today—Invest in dividend stocks for a smarter, safer, and more rewarding financial future!
📲https://wa.me/60169540487
Newbie Trading Channel
29 Nov, 09:19
*RHB♦️Investment Bank Bhd*
Friday 29/11/2024
FBMKLCI : *1,594.29*
*⬇️ 3.20 (0.20%)*
Volume : *3.430B*
Value : *3.185B*
⬆️ 515
⬇️ 539
🔁 461
_KLCI ended slightly lower on Friday dragged by transportation and utilities sector._
Top 3 active stocks :
VELESTO 0.16 ⬇️ 0.025
ZENTECH 0.005 ⬇️ 0.005
SUPREME 0.305 ⬆️ 0.55
Friday 29/11/2024
FBMKLCI : *1,594.29*
*⬇️ 3.20 (0.20%)*
Volume : *3.430B*
Value : *3.185B*
⬆️ 515
⬇️ 539
🔁 461
_KLCI ended slightly lower on Friday dragged by transportation and utilities sector._
Top 3 active stocks :
VELESTO 0.16 ⬇️ 0.025
ZENTECH 0.005 ⬇️ 0.005
SUPREME 0.305 ⬆️ 0.55
Newbie Trading Channel
29 Nov, 08:16
Start Investing for your Future with a Share Trading Account Today!
The earlier you start, the better financial future can be. open a share trading account and start investing in stocks and others assets for your long-term goals.
⭐️Plan your retirement with expert guidance.
⭐️Choose investment that align with your goals
⭐️Low fees and tools to track your progress.
Take the first steps toward a secure financial future now.
Open share account, kindly PM RHB Kate
https://wa.me/60169540487
The earlier you start, the better financial future can be. open a share trading account and start investing in stocks and others assets for your long-term goals.
⭐️Plan your retirement with expert guidance.
⭐️Choose investment that align with your goals
⭐️Low fees and tools to track your progress.
Take the first steps toward a secure financial future now.
Open share account, kindly PM RHB Kate
https://wa.me/60169540487
Newbie Trading Channel
29 Nov, 07:50
The Star : Business Feed
JB-Singapore RTS link rail system installation to begin by end-2024
JB-Singapore RTS link rail system installation to begin by end-2024
Newbie Trading Channel
29 Nov, 07:31
The Star : Business Feed
Bank Islam's 3Q net profit drops to RM130.4mil amid rising operating costs
Bank Islam's 3Q net profit drops to RM130.4mil amid rising operating costs
Newbie Trading Channel
29 Nov, 05:00
日元强势回弹
突破150关口
日元一度飙升1.1%至149.86日元，为去年10月以来的最强水平。
https://www.enanyang.my/node/637740
突破150关口
日元一度飙升1.1%至149.86日元，为去年10月以来的最强水平。
https://www.enanyang.my/node/637740
Newbie Trading Channel
29 Nov, 04:59
The Star : Business Feed
Genting sees positive year-to-date results
Genting sees positive year-to-date results
Newbie Trading Channel
29 Nov, 04:37
外资周四出逃马股逾7亿
创下4年新高
这已是外资连续7天净卖马股。
https://www.enanyang.my/node/637743
创下4年新高
这已是外资连续7天净卖马股。
https://www.enanyang.my/node/637743
Newbie Trading Channel
15 Nov, 11:02
The Star : Business Feed
Bursa Malaysia faces selling pressure, FBM KLCI ends below 1,600
Bursa Malaysia faces selling pressure, FBM KLCI ends below 1,600
Newbie Trading Channel
15 Nov, 11:01
The Star : Business Feed
Mudajaya wins RM41.34mil construction contract in Kuching
Mudajaya wins RM41.34mil construction contract in Kuching
Newbie Trading Channel
15 Nov, 11:01
The Star : Business Feed
Betamek posts 84.5% profit jump in 2Q25, remains optimistic for FY25
Betamek posts 84.5% profit jump in 2Q25, remains optimistic for FY25
Newbie Trading Channel
15 Nov, 09:13
*RHB♦️Investment Bank Bhd*
Friday 15/11/2024
FBMKLCI : *1,592.44*
*⬇️ 8.24 (0.51%)*
Volume : *2.705B*
Value : *2.661B*
⬆️ 389
⬇️ 577
🔁 522
_KLCI ended lower, slipping below the 1,600-point threshold as investors decided to take some money off the table._
Top 3 active stocks :
METRO 0.255 ⬆️ 0.005
ARMADA 0.535 ⬆️ 0.035
MRDIY 1.820 ⬇️ 0.280
Friday 15/11/2024
FBMKLCI : *1,592.44*
*⬇️ 8.24 (0.51%)*
Volume : *2.705B*
Value : *2.661B*
⬆️ 389
⬇️ 577
🔁 522
_KLCI ended lower, slipping below the 1,600-point threshold as investors decided to take some money off the table._
Top 3 active stocks :
METRO 0.255 ⬆️ 0.005
ARMADA 0.535 ⬆️ 0.035
MRDIY 1.820 ⬇️ 0.280
Newbie Trading Channel
15 Nov, 08:00
🔔 NEW IPO OFFER 🔔
Cropmate Berhad (CRPMATE)
ACE Market
Shariah Status: SC (Yes)
IPO Price: RM 0.20
Closing date:
22-Nov-2024
Balloting date:
27-Nov-2024
Listing date:
05-Dec-2024
Business:
-Cropmate Berhad is a company focused on the agricultural sector, specifically in fertiliser production and distribution. The company operates primarily through its subsidiary, Cropmate Fertilizer Sdn Bhd, specializing in formulating, blending, and trading a range of fertilisers. These include conventional fertilisers targeted at large plantations such as oil palm and specialty fertilisers designed for specific crops, like durian orchards. Cropmate’s products, branded under "Cropmate-Dua Daun" and sub-branded as "CM Miracle," support various stages of plant growth, from nursery to maturity. Beyond blending fertilisers, Cropmate also trades in straight fertilisers and other agricultural materials. The company's operates by selling directly to plantation owners and through intermediaries, serving both local and regional markets with exports to countries like Singapore and Cambodia. Cropmate was incorporated in 2023 and headquartered in Kuala Lumpur, Malaysia.
https://www.businesstoday.com.my/2024/11/15/cropmate-eyes-rm42-million-from-ace-market-ipo/
➡️ Can apply via Online banking, ATM machine & form.
https://wa.me/60169540487
Thank you
Cropmate Berhad (CRPMATE)
ACE Market
Shariah Status: SC (Yes)
IPO Price: RM 0.20
Closing date:
22-Nov-2024
Balloting date:
27-Nov-2024
Listing date:
05-Dec-2024
Business:
-Cropmate Berhad is a company focused on the agricultural sector, specifically in fertiliser production and distribution. The company operates primarily through its subsidiary, Cropmate Fertilizer Sdn Bhd, specializing in formulating, blending, and trading a range of fertilisers. These include conventional fertilisers targeted at large plantations such as oil palm and specialty fertilisers designed for specific crops, like durian orchards. Cropmate’s products, branded under "Cropmate-Dua Daun" and sub-branded as "CM Miracle," support various stages of plant growth, from nursery to maturity. Beyond blending fertilisers, Cropmate also trades in straight fertilisers and other agricultural materials. The company's operates by selling directly to plantation owners and through intermediaries, serving both local and regional markets with exports to countries like Singapore and Cambodia. Cropmate was incorporated in 2023 and headquartered in Kuala Lumpur, Malaysia.
https://www.businesstoday.com.my/2024/11/15/cropmate-eyes-rm42-million-from-ace-market-ipo/
➡️ Can apply via Online banking, ATM machine & form.
https://wa.me/60169540487
Thank you
Newbie Trading Channel
15 Nov, 06:52
https://www.thestar.com.my/business/business-news/2024/11/15/malaysia039s-economy-grows-53-in-3q
Newbie Trading Channel
15 Nov, 00:56
*SHORT TERM TREND*
*FKLI*
Trend: *DOWN*
Might change if price breaks
above 1611.
*FCPO*
Trend: *SIDEWAY*
Might change if price breaks 4898 / 5016
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 44077.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 68.51.
*GOLD*
Trend : *DOWN*
Might change if price breaks above 2586.50.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19995.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *DOWN*
Might change if price breaks
above 1611.
*FCPO*
Trend: *SIDEWAY*
Might change if price breaks 4898 / 5016
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 44077.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 68.51.
*GOLD*
Trend : *DOWN*
Might change if price breaks above 2586.50.
*HSI*
Trend : *DOWN*
Might change if price breaks above 19995.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
15 Nov, 00:44
*🔔Today New Listing - _15/11/2024_🔔*
*Metro Healthcare Berhad _(0329)_*
Market: ACE
Oversubscription rate: 38.60X
*IPO Price : RM 0.25*
Fair value given:-
1. TA _RM 0.24_
2. Mplus _RM 0.275_
*Metro Healthcare Berhad _(0329)_*
Market: ACE
Oversubscription rate: 38.60X
*IPO Price : RM 0.25*
Fair value given:-
1. TA _RM 0.24_
2. Mplus _RM 0.275_
Newbie Trading Channel
15 Nov, 00:22
12月降息预期降低
美股三大指数全跌
美国10月生产者物价指数（PPI）加速上升，以及美联储主席鲍威尔偏鹰派讲话降低了12月降息的希望。
https://www.enanyang.my/node/635196
美股三大指数全跌
美国10月生产者物价指数（PPI）加速上升，以及美联储主席鲍威尔偏鹰派讲话降低了12月降息的希望。
https://www.enanyang.my/node/635196
Newbie Trading Channel
15 Nov, 00:21
The Star : Business Feed
Oil settles higher, investors focus on fuel-stock draw
Oil settles higher, investors focus on fuel-stock draw
Newbie Trading Channel
15 Nov, 00:21
The Star : Business Feed
Wall St ends lower as Powell dashes rate-cut hopes
Wall St ends lower as Powell dashes rate-cut hopes
Newbie Trading Channel
15 Nov, 00:16
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
15 Nov 2024
Download report here: https://tinyurl.com/y5n82p52
*VTC (0319)*: Shariah Compliant
Outlook: Pending Breakout MYR0.49
Resistance: MYR0.53, MYR0.56
Support: MYR0.435
(time frame: 2-4 weeks)
*NGGB (7241)*: Shariah Compliant
Outlook: Breakout MYR0.90
Resistance: MYR0.93, MYR0.97
Support: MYR0.86
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
15 Nov 2024
Download report here: https://tinyurl.com/y5n82p52
*VTC (0319)*: Shariah Compliant
Outlook: Pending Breakout MYR0.49
Resistance: MYR0.53, MYR0.56
Support: MYR0.435
(time frame: 2-4 weeks)
*NGGB (7241)*: Shariah Compliant
Outlook: Breakout MYR0.90
Resistance: MYR0.93, MYR0.97
Support: MYR0.86
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
15 Nov, 00:09
— Prolintas Infra's 3Q net profit nearly triples as toll collection jumps, on track to meet distribution target
Cash-rich *Lysaght Galvanized Steel Bhd (KL:LYSAGHT)* has declared a special dividend of 35 sen per share as its quarterly earnings rose to an eight-year high. This brings the total dividend for the current financial year ending Dec 31, 2024 (FY2024) so far to 43 sen per share — the highest since FY2018, when it paid out 50 sen dividend per share. The steel pole and masts maker, which is in a net cash position of RM97 million as at end-September, will pay the special dividend totalling RM14.56 million on Dec 9. Lysaght posted a net profit of RM4.79 million for the third quarter ended Sept 30, 2024 (3QFY2024), up 62% from a year earlier. This is the group's highest net profit since 4QFY2018 when it achieved a net profit of RM4.79 million. Quarterly revenue grew 9.2% to RM26.5 million — its highest since 3QFY2017 — from RM24.27 million. — Lysaght pays special dividend of 35 sen as earnings rise to eight-year high
Oil and gas services firm *Keyfield International Bhd (KL:KEYFIELD)* reported record quarterly earnings and revenue, driven by higher vessel utilisation and increased vessel numbers. The group, which was listed in April, posted a net profit of RM81.12 million for the third quarter ended Sept 30, 2024 (3QFY2024), up 77.18% from RM45.78 million a year earlier. Quarterly revenue rose 45.54% year-on-year to RM216.79 million from RM148.95 million. It declared a third interim dividend of four sen per share, to be paid on Dec 19, raising the total payout so far in the year to eight sen per share. — Keyfield books record earnings for 3Q, pays four sen dividend
*Teo Seng Capital Bhd (KL:TEOSENG)* posted a 32% jump in net profit for its third quarter ended Sept 30, 2024 (3QFY2024) to RM58.1 million from RM43.8 million a year ago, lifted by strong gains in its key poultry farming business, as well as its segment on investments and trading of poultry-related products. This was despite quarterly revenue dipping 4.8% to RM190.31 million from RM200 million. It declared a third interim dividend of four sen per share, payable on Dec 18, 2024, raising the group's year-to-date payout to 9.5 sen per share, versus two sen last year. — Teo Seng signals strong prospects as it posts 32% jump in 3Q profit
*YTL Power International Bhd's (KL:YTLP)* 53.2%-owned subsidiary Ranhill Utilities Bhd (KL:RANHILL) has scrapped plans to jointly pursue a public-private partnership project with China Energy International Group Co Ltd (CEIG) for the proposed development of a regional drinking water supply facility project in Indonesia. This follows the expiry of a memorandum of understanding (MOU) on Oct 29. The decision will not have any material impact on the group. Ranhill signed the MOU in October last year with CEIG to collaborate and jointly pursue the development of the Djuanda source-to-tap water supply system (Jatiluhur II) project and to co-develop and cooperate on other potential projects in Southeast Asia. — Ranhill Utilities, China Energy scrap plan to pursue water supply facility project in Indonesia
Property developer *Seal Incorporated Bhd (KL:SEAL)* is seeking its shareholders' approval at an extraordinary general meeting to provide corporate guarantee to a RM293 million banking facility that its 20%-owned associate MSR Green Energy Sdn Bhd (MSRGE) is obtaining from a financial institution. MSRGE is also obtaining an uncommitted foreign exchange contract (FEC) facility amounting to RM10 million from the same financial institution. The corporate guarantee, in proportion to Seal's 20% shareholding in MSRGE, amounts to RM60.6 million. — Seal Inc seeks shareholder nod to guarantee associate's RM293m loan facility
*LBS Bina Group Bhd (KL:LBS)* said it is looking into developing a 10-gigawatt (GW) green hydrogen plant in Kota Marudu, Sabah jointly with the Sabah Forestry Development Authority (Safoda), Invest Sabah Bhd and Midwest Green Sdn Bhd.
Cash-rich *Lysaght Galvanized Steel Bhd (KL:LYSAGHT)* has declared a special dividend of 35 sen per share as its quarterly earnings rose to an eight-year high. This brings the total dividend for the current financial year ending Dec 31, 2024 (FY2024) so far to 43 sen per share — the highest since FY2018, when it paid out 50 sen dividend per share. The steel pole and masts maker, which is in a net cash position of RM97 million as at end-September, will pay the special dividend totalling RM14.56 million on Dec 9. Lysaght posted a net profit of RM4.79 million for the third quarter ended Sept 30, 2024 (3QFY2024), up 62% from a year earlier. This is the group's highest net profit since 4QFY2018 when it achieved a net profit of RM4.79 million. Quarterly revenue grew 9.2% to RM26.5 million — its highest since 3QFY2017 — from RM24.27 million. — Lysaght pays special dividend of 35 sen as earnings rise to eight-year high
Oil and gas services firm *Keyfield International Bhd (KL:KEYFIELD)* reported record quarterly earnings and revenue, driven by higher vessel utilisation and increased vessel numbers. The group, which was listed in April, posted a net profit of RM81.12 million for the third quarter ended Sept 30, 2024 (3QFY2024), up 77.18% from RM45.78 million a year earlier. Quarterly revenue rose 45.54% year-on-year to RM216.79 million from RM148.95 million. It declared a third interim dividend of four sen per share, to be paid on Dec 19, raising the total payout so far in the year to eight sen per share. — Keyfield books record earnings for 3Q, pays four sen dividend
*Teo Seng Capital Bhd (KL:TEOSENG)* posted a 32% jump in net profit for its third quarter ended Sept 30, 2024 (3QFY2024) to RM58.1 million from RM43.8 million a year ago, lifted by strong gains in its key poultry farming business, as well as its segment on investments and trading of poultry-related products. This was despite quarterly revenue dipping 4.8% to RM190.31 million from RM200 million. It declared a third interim dividend of four sen per share, payable on Dec 18, 2024, raising the group's year-to-date payout to 9.5 sen per share, versus two sen last year. — Teo Seng signals strong prospects as it posts 32% jump in 3Q profit
*YTL Power International Bhd's (KL:YTLP)* 53.2%-owned subsidiary Ranhill Utilities Bhd (KL:RANHILL) has scrapped plans to jointly pursue a public-private partnership project with China Energy International Group Co Ltd (CEIG) for the proposed development of a regional drinking water supply facility project in Indonesia. This follows the expiry of a memorandum of understanding (MOU) on Oct 29. The decision will not have any material impact on the group. Ranhill signed the MOU in October last year with CEIG to collaborate and jointly pursue the development of the Djuanda source-to-tap water supply system (Jatiluhur II) project and to co-develop and cooperate on other potential projects in Southeast Asia. — Ranhill Utilities, China Energy scrap plan to pursue water supply facility project in Indonesia
Property developer *Seal Incorporated Bhd (KL:SEAL)* is seeking its shareholders' approval at an extraordinary general meeting to provide corporate guarantee to a RM293 million banking facility that its 20%-owned associate MSR Green Energy Sdn Bhd (MSRGE) is obtaining from a financial institution. MSRGE is also obtaining an uncommitted foreign exchange contract (FEC) facility amounting to RM10 million from the same financial institution. The corporate guarantee, in proportion to Seal's 20% shareholding in MSRGE, amounts to RM60.6 million. — Seal Inc seeks shareholder nod to guarantee associate's RM293m loan facility
*LBS Bina Group Bhd (KL:LBS)* said it is looking into developing a 10-gigawatt (GW) green hydrogen plant in Kota Marudu, Sabah jointly with the Sabah Forestry Development Authority (Safoda), Invest Sabah Bhd and Midwest Green Sdn Bhd.
Newbie Trading Channel
15 Nov, 00:09
*RHB♦️Investment Bank Bhd*
15th November 2024
*Dow Jones* :43,750.86
⬇️207.33 /0.47%‼️
*Nasdaq* :19,109.29
⬇️121.44/0.63%‼️
*S&P 500*:5,949.17
⬇️36.21/0.60%‼️
U.S. stocks slid on Thursday, as Federal Reserve Chair Jerome Powell signaled that the strength of the economy could warrant some patience with future rate cuts.
*WTI CRUDE OIL* :68.66
⬆️0.23/0.34%
*BRENT OIL* :72.50
⬆️0.22/0.30%
*GOLD PRICE* : 2,574.30
⬇️12.20/ 0.47%‼️
*USD/MYR* : 4.48
https://ceomorningbrief.theedgemalaysia.com/2024/0864/
*CORPORATE NEWS*
*Bumi Armada Bhd (KL:ARMADA)* is exploring a merger with *MISC Bhd’s (KL:MISC)* offshore business that could create a global energy services powerhouse with combined assets worth over RM20 billion. Under the memorandum of understanding signed, the parties will have nine months to conduct due diligence and sign a definitive agreement. The merged entity is expected to remain listed on Bursa Malaysia. The prospective merger is expected to be an all-share transaction. For MISC, the merger will only involve its offshore business that owns, leases, operates and maintains offshore, floating, production, storage and offloading (FPSO) terminals. — Bumi Armada signs pact with MISC to explore merger of offshore business
Separately, *MISC Bhd (KL:MISC)* saw its net profit fell 21% in the third quarter ended Sept 30, 2024 (3QFY2024) to RM338.9 million from RM430.4 million in 3QFY2023, dragged by lower charter rates for its natural gas carriers and higher vessel operating costs, as it flagged a tough outlook for its key business. Revenue fell 12% to RM2.96 billion from RM3.37 billion on lower billings in its offshore construction business. Outlook for liquefied natural gas (LNG) shipping spot rates moving into the fourth quarter and beyond remains “softer, driven by a high number of vessel deliveries, limited additional liquefaction capacity, and moderate anticipated demand in Europe”. It declared a dividend per share of eight sen, higher than the seven sen it announced in 3QFY2023. — MISC 3Q net profit falls 21%, flags tough LNG shipping outlook
*Berjaya Food Bhd (KL:BJFOOD)* posted its fourth consecutive quarter in the red as the anti-Israel boycott movement continued to affect the group, which operates the Starbucks coffee chain in Malaysia. It posted a net loss of RM33.68 million for its first quarter ended Sept 30, 2024 (1QFY2025), versus a net profit of RM19.03 million a year earlier. Its quarterly revenue more than halved to RM124.19 million from RM278.53 million. No dividend was declared for the quarter under review. — Berjaya Food logs fourth quarter in the red due to anti-Israel boycott
Home-grown retailer *Mr D.I.Y. Group (M) Bhd (KL:MRDIY)* saw a marginal 1.9% drop in its net profit ended Sept 30, 2024 (3QFY2024) to RM121.65 million from RM123.95 million a year earlier, on higher administrative and other operating expenses. The higher expenses were driven primarily by higher staff costs, depreciation of right-of-use assets and fixed assets, and higher utility expenses, consistent with the group’s business expansion activities and support for its growing store network. Quarterly revenue, however, rose 6.4% to RM1.14 billion in 3QFY2024 from RM1.07 billion in 3QFY2023, driven by higher transactions and the contribution of new stores. It declared an interim dividend of one sen per share for the financial year ending Dec 31, 2024 (FY2024), payable on Dec 13. — Higher administrative expenses drag down Mr DIY's 3Q net profit slightly, one sen dividend declared
*Prolintas Infra Business Trust (KL:PLINTAS)*, which owns highways, nearly tripled its net profit for the third quarter ended Sept 30, 2024 (3QFY2024) to RM12.09 million, over RM4.35 million a year ago, thanks to a jump in toll collection, tax credit and deferred tax gain. Revenue was 2.5 times higher year-on-year at RM81.41 million, from RM33.13 million from higher traffic volume. It did not propose any distribution but said it is on track to meet its targeted RM70 million total distribution for FY2024.
15th November 2024
*Dow Jones* :43,750.86
⬇️207.33 /0.47%‼️
*Nasdaq* :19,109.29
⬇️121.44/0.63%‼️
*S&P 500*:5,949.17
⬇️36.21/0.60%‼️
U.S. stocks slid on Thursday, as Federal Reserve Chair Jerome Powell signaled that the strength of the economy could warrant some patience with future rate cuts.
*WTI CRUDE OIL* :68.66
⬆️0.23/0.34%
*BRENT OIL* :72.50
⬆️0.22/0.30%
*GOLD PRICE* : 2,574.30
⬇️12.20/ 0.47%‼️
*USD/MYR* : 4.48
https://ceomorningbrief.theedgemalaysia.com/2024/0864/
*CORPORATE NEWS*
*Bumi Armada Bhd (KL:ARMADA)* is exploring a merger with *MISC Bhd’s (KL:MISC)* offshore business that could create a global energy services powerhouse with combined assets worth over RM20 billion. Under the memorandum of understanding signed, the parties will have nine months to conduct due diligence and sign a definitive agreement. The merged entity is expected to remain listed on Bursa Malaysia. The prospective merger is expected to be an all-share transaction. For MISC, the merger will only involve its offshore business that owns, leases, operates and maintains offshore, floating, production, storage and offloading (FPSO) terminals. — Bumi Armada signs pact with MISC to explore merger of offshore business
Separately, *MISC Bhd (KL:MISC)* saw its net profit fell 21% in the third quarter ended Sept 30, 2024 (3QFY2024) to RM338.9 million from RM430.4 million in 3QFY2023, dragged by lower charter rates for its natural gas carriers and higher vessel operating costs, as it flagged a tough outlook for its key business. Revenue fell 12% to RM2.96 billion from RM3.37 billion on lower billings in its offshore construction business. Outlook for liquefied natural gas (LNG) shipping spot rates moving into the fourth quarter and beyond remains “softer, driven by a high number of vessel deliveries, limited additional liquefaction capacity, and moderate anticipated demand in Europe”. It declared a dividend per share of eight sen, higher than the seven sen it announced in 3QFY2023. — MISC 3Q net profit falls 21%, flags tough LNG shipping outlook
*Berjaya Food Bhd (KL:BJFOOD)* posted its fourth consecutive quarter in the red as the anti-Israel boycott movement continued to affect the group, which operates the Starbucks coffee chain in Malaysia. It posted a net loss of RM33.68 million for its first quarter ended Sept 30, 2024 (1QFY2025), versus a net profit of RM19.03 million a year earlier. Its quarterly revenue more than halved to RM124.19 million from RM278.53 million. No dividend was declared for the quarter under review. — Berjaya Food logs fourth quarter in the red due to anti-Israel boycott
Home-grown retailer *Mr D.I.Y. Group (M) Bhd (KL:MRDIY)* saw a marginal 1.9% drop in its net profit ended Sept 30, 2024 (3QFY2024) to RM121.65 million from RM123.95 million a year earlier, on higher administrative and other operating expenses. The higher expenses were driven primarily by higher staff costs, depreciation of right-of-use assets and fixed assets, and higher utility expenses, consistent with the group’s business expansion activities and support for its growing store network. Quarterly revenue, however, rose 6.4% to RM1.14 billion in 3QFY2024 from RM1.07 billion in 3QFY2023, driven by higher transactions and the contribution of new stores. It declared an interim dividend of one sen per share for the financial year ending Dec 31, 2024 (FY2024), payable on Dec 13. — Higher administrative expenses drag down Mr DIY's 3Q net profit slightly, one sen dividend declared
*Prolintas Infra Business Trust (KL:PLINTAS)*, which owns highways, nearly tripled its net profit for the third quarter ended Sept 30, 2024 (3QFY2024) to RM12.09 million, over RM4.35 million a year ago, thanks to a jump in toll collection, tax credit and deferred tax gain. Revenue was 2.5 times higher year-on-year at RM81.41 million, from RM33.13 million from higher traffic volume. It did not propose any distribution but said it is on track to meet its targeted RM70 million total distribution for FY2024.
Newbie Trading Channel
15 Nov, 00:09
The facility aims to produce 10GW of energy, generating over 250,000 tonnes of green hydrogen annually. The group plans to act as the master developer for the hydrogen facility powered by solar and wind energy, as well as a future green industrial park on a potential site ranging from 15,000 acres to 30,000 acres in Kota Marudu. — LBS Bina inks MOU to develop green hydrogen plant in Sabah
Newbie Trading Channel
15 Nov, 00:01
🌐 *Global Market Updates*
*_15th November 2024_*
Indexes
🇺🇸 Dow 43,750.86 ⬇️207.332
🇬🇧 FTSE 8,071.19 ⬆️40.86
🇭🇰 HKSE 19,435.81⬇️387.639
🇨🇳 SSE 3,379.84 ⬇️59.439
🇲🇾 KLCI 1,600.68 ⬇️10.82
Energy/Precious Metal
⛽️Crude Oil $68.66⬆️0.23
⛽️Brent Oil $72.50 ⬆️0.22
⚜️ Gold $2,574.30 ⬇️12.20
🌴 Palm Oil MYR4,964⬇️23
Currency
💵 USD/MYR 4.4780
💴 CNY/MYR 0.6199
💵 SGD/MYR 3.3332
🌐 Global News
🔹The S&P 500 fell Thursday as Federal Reserve Chair Jerome Powell signaled that the Fed doesn't need to be in hurry to cut rates and could take a careful approach to monetary policy easing.
🔹Gold prices drifted lower Thursday, falling near to a two-month low, as the dollar strengthened after Federal Reserve chairman Jerome Powell signaled that the Fed could take a careful approach to further rate cuts.
🔹Oil prices closed slightly higher in choppy trading on Thursday, as a steep draw in U.S. fuel stocks outweighed oversupply concerns and demand worries stemming from a stronger dollar.
Sources From:
https://www.investing.com/news/stock-market-news/stock-market-today-sp-500-falls-as-powell-signals-careful-ratecut-path-ahead-3721880
*_15th November 2024_*
Indexes
🇺🇸 Dow 43,750.86 ⬇️207.332
🇬🇧 FTSE 8,071.19 ⬆️40.86
🇭🇰 HKSE 19,435.81⬇️387.639
🇨🇳 SSE 3,379.84 ⬇️59.439
🇲🇾 KLCI 1,600.68 ⬇️10.82
Energy/Precious Metal
⛽️Crude Oil $68.66⬆️0.23
⛽️Brent Oil $72.50 ⬆️0.22
⚜️ Gold $2,574.30 ⬇️12.20
🌴 Palm Oil MYR4,964⬇️23
Currency
💵 USD/MYR 4.4780
💴 CNY/MYR 0.6199
💵 SGD/MYR 3.3332
🌐 Global News
🔹The S&P 500 fell Thursday as Federal Reserve Chair Jerome Powell signaled that the Fed doesn't need to be in hurry to cut rates and could take a careful approach to monetary policy easing.
🔹Gold prices drifted lower Thursday, falling near to a two-month low, as the dollar strengthened after Federal Reserve chairman Jerome Powell signaled that the Fed could take a careful approach to further rate cuts.
🔹Oil prices closed slightly higher in choppy trading on Thursday, as a steep draw in U.S. fuel stocks outweighed oversupply concerns and demand worries stemming from a stronger dollar.
Sources From:
https://www.investing.com/news/stock-market-news/stock-market-today-sp-500-falls-as-powell-signals-careful-ratecut-path-ahead-3721880
Newbie Trading Channel
12 Nov, 06:05
Hartalega's 2Q net profit falls 69% as weaker export revenue, higher input costs weigh
https://theedgemalaysia.com/node/733622
https://theedgemalaysia.com/node/733622
Newbie Trading Channel
12 Nov, 05:58
The Star : Business Feed
Hartalega posts 1H net profit of RM40.55mil, declares 0.56c div/share
Hartalega posts 1H net profit of RM40.55mil, declares 0.56c div/share
Newbie Trading Channel
12 Nov, 01:19
*SHORT TERM TREND*
*FKLI*
Trend: *DOWN*
Might change if price breaks
above 1619.
*FCPO*
Trend: *UP*
Might change if price breaks below 4930.
*Mini Dow*
Trend: *UP*
Might change if price breaks below 44125.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 69.96.
*GOLD*
Trend : *DOWN*
Might change if price breaks above 2664.80.
*HSI*
Trend : *DOWN*
Might change if price breaks above 20535.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *DOWN*
Might change if price breaks
above 1619.
*FCPO*
Trend: *UP*
Might change if price breaks below 4930.
*Mini Dow*
Trend: *UP*
Might change if price breaks below 44125.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 69.96.
*GOLD*
Trend : *DOWN*
Might change if price breaks above 2664.80.
*HSI*
Trend : *DOWN*
Might change if price breaks above 20535.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
12 Nov, 00:20
标普站上6000点
三大指数再创新高
标普500指数周一首度收在6000点上方，道琼斯工业指数上攻304点，特朗普行情继续发威。
https://www.enanyang.my/node/634635
三大指数再创新高
标普500指数周一首度收在6000点上方，道琼斯工业指数上攻304点，特朗普行情继续发威。
https://www.enanyang.my/node/634635
Newbie Trading Channel
12 Nov, 00:20
*RHB♦️Investment Bank Bhd*
12th November 2024
*Dow Jones* :44,293.13
⬆️304.14 /0.69%‼️
*Nasdaq* :19,303.57
⬆️16.79/0.09%
*S&P 500*:6,001.35
⬆️5.81/0.10%
The Dow Jones Industrial Average surged more than 300 points on Monday and closed at a record high as the benchmark’s postelection rally pressed forward.
*WTI CRUDE OIL* :68.19
⬇️2.19/3.11%‼️
*BRENT OIL* :71.97
⬇️1.90/2.57%‼️
*GOLD PRICE* : 2,629.50
⬇️65.30/ 2.42%‼️
*USD/MYR* : 4.40
https://ceomorningbrief.theedgemalaysia.com/2024/0861/
*CORPORATE NEWS*
*CTOS Digital Bhd’s (KL:CTOS)* net profit gained 13% to RM27.55 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM24.39 million a year ago, thanks to higher sales and better tax incentives. Its quarterly revenue reached an all-time high of RM79.81 million, up 20.1% from RM66.45 million in 3QFY2023, attributable to higher contribution from key segments — namely international, direct-to-consumer and commercial business. It declared a higher third interim dividend per share of 0.84 sen, compared to the 0.64 sen declared a year ago. For the first nine months of 2024 (9MFY2024), CTOS made a net profit of RM73.88 million, up 19% from RM62.1 million a year ago, as cumulative revenue grew 21.1% to RM228.03 million from RM188.29 million. CTOS group chief executive officer Erick Hamburger said the group sees abundant opportunities ahead as it continues to implement strategies to deepen customer penetration and enhance average revenue per user (ARPU) across all segments. — CTOS CEO sees 'abundant' opportunities as group logs 13% rise in 3Q profit with record high revenue
Construction services firm *TCS Group Holdings Bhd (KL:TCS)* is working with the developer and consultants to investigate cracks at the J Satine mixed development project. “The group is cooperating fully with the relevant authorities in their investigation into the cause of the incident,” TCS managing director Datuk Tee Chai Seng said in a statement. “Initial findings suggest that the building cracks are not caused by us.” The statement comes following news reports that the Kuala Lumpur City Hall (DBKL) has ordered a halt in all construction activities at the condominium project in Wangsa Maju. — TCS Group says investigating cracks at J Satine project
*DXN Holdings Bhd’s (KL:DXN)* substantial shareholder Gano Global Supplements Pte Ltd has trimmed its stake in the direct selling company to 8.79% after disposing of a 4.5% stake in a direct business deal. The company did not disclose the selling price, but Bloomberg data showed that the 4.5% stake, comprising 223.77 million shares, changed hands at 60 sen per share for a total of RM134.26 million. Gano Global, the investment vehicle of KV Asia Capital Pte Ltd, had originally acquired a 25.7% stake in DXN in 2017, according to DXN's 2024 annual report. — Substantial shareholder Gano Global trims stake in DXN
*TMC Life Sciences Bhd (KL:TMCLIFE)* has received special notices requisitioning for an extraordinary general meeting to immediately remove its group chief executive officer Wan Nadiah Wan Mohd Abdullah Yaakob as a director of the company from its two largest shareholders. The notices were received from Sasteria (M) Pte Ltd and the Regent of Johor, Tunku Ismail Sultan Ibrahim. Based on the group's annual report, Sasteria holds 70.13% in the company while Tunku Ismail owns 7.64%. Wan Nadiah has been suspended from her position as group CEO and as CEO of the group's subsidiary Thomson Hospitals Sdn Bhd since Jan 29 this year to "facilitate an internal disciplinary process" relating to six allegations of misconduct against her, which were later expanded to 15, based on two show-cause letters issued to her. The allegations, however, were never revealed by the group. — TMC Life Sciences gets requisition for EGM from major shareholders to remove suspended group CEO
Palm oil milling services provider *Ecoscience International Bhd (KL:EIB)* has bagged a RM200 million construction job to undertake a TG2 pellet plant in the Gebeng industrial area in Kuantan, Pahang.
12th November 2024
*Dow Jones* :44,293.13
⬆️304.14 /0.69%‼️
*Nasdaq* :19,303.57
⬆️16.79/0.09%
*S&P 500*:6,001.35
⬆️5.81/0.10%
The Dow Jones Industrial Average surged more than 300 points on Monday and closed at a record high as the benchmark’s postelection rally pressed forward.
*WTI CRUDE OIL* :68.19
⬇️2.19/3.11%‼️
*BRENT OIL* :71.97
⬇️1.90/2.57%‼️
*GOLD PRICE* : 2,629.50
⬇️65.30/ 2.42%‼️
*USD/MYR* : 4.40
https://ceomorningbrief.theedgemalaysia.com/2024/0861/
*CORPORATE NEWS*
*CTOS Digital Bhd’s (KL:CTOS)* net profit gained 13% to RM27.55 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM24.39 million a year ago, thanks to higher sales and better tax incentives. Its quarterly revenue reached an all-time high of RM79.81 million, up 20.1% from RM66.45 million in 3QFY2023, attributable to higher contribution from key segments — namely international, direct-to-consumer and commercial business. It declared a higher third interim dividend per share of 0.84 sen, compared to the 0.64 sen declared a year ago. For the first nine months of 2024 (9MFY2024), CTOS made a net profit of RM73.88 million, up 19% from RM62.1 million a year ago, as cumulative revenue grew 21.1% to RM228.03 million from RM188.29 million. CTOS group chief executive officer Erick Hamburger said the group sees abundant opportunities ahead as it continues to implement strategies to deepen customer penetration and enhance average revenue per user (ARPU) across all segments. — CTOS CEO sees 'abundant' opportunities as group logs 13% rise in 3Q profit with record high revenue
Construction services firm *TCS Group Holdings Bhd (KL:TCS)* is working with the developer and consultants to investigate cracks at the J Satine mixed development project. “The group is cooperating fully with the relevant authorities in their investigation into the cause of the incident,” TCS managing director Datuk Tee Chai Seng said in a statement. “Initial findings suggest that the building cracks are not caused by us.” The statement comes following news reports that the Kuala Lumpur City Hall (DBKL) has ordered a halt in all construction activities at the condominium project in Wangsa Maju. — TCS Group says investigating cracks at J Satine project
*DXN Holdings Bhd’s (KL:DXN)* substantial shareholder Gano Global Supplements Pte Ltd has trimmed its stake in the direct selling company to 8.79% after disposing of a 4.5% stake in a direct business deal. The company did not disclose the selling price, but Bloomberg data showed that the 4.5% stake, comprising 223.77 million shares, changed hands at 60 sen per share for a total of RM134.26 million. Gano Global, the investment vehicle of KV Asia Capital Pte Ltd, had originally acquired a 25.7% stake in DXN in 2017, according to DXN's 2024 annual report. — Substantial shareholder Gano Global trims stake in DXN
*TMC Life Sciences Bhd (KL:TMCLIFE)* has received special notices requisitioning for an extraordinary general meeting to immediately remove its group chief executive officer Wan Nadiah Wan Mohd Abdullah Yaakob as a director of the company from its two largest shareholders. The notices were received from Sasteria (M) Pte Ltd and the Regent of Johor, Tunku Ismail Sultan Ibrahim. Based on the group's annual report, Sasteria holds 70.13% in the company while Tunku Ismail owns 7.64%. Wan Nadiah has been suspended from her position as group CEO and as CEO of the group's subsidiary Thomson Hospitals Sdn Bhd since Jan 29 this year to "facilitate an internal disciplinary process" relating to six allegations of misconduct against her, which were later expanded to 15, based on two show-cause letters issued to her. The allegations, however, were never revealed by the group. — TMC Life Sciences gets requisition for EGM from major shareholders to remove suspended group CEO
Palm oil milling services provider *Ecoscience International Bhd (KL:EIB)* has bagged a RM200 million construction job to undertake a TG2 pellet plant in the Gebeng industrial area in Kuantan, Pahang.
Newbie Trading Channel
12 Nov, 00:20
TG2 is a recycled industrial agricultural waste that is known as an environmentally sustainable replacement fuel for coal. Its unit Ecoscience Manufacturing & Engineering Sdn Bhd had accepted the letter of award issued by Wilhemina Energy Malaysia Sdn Bhd for the engineering, procurement and construction of the pellet plant. — Ecoscience bags RM200 mil job to build TG2 pellet plant in Pahang
Newly listed *KTI Landmark Bhd (KL:KTI)* has won a sub-contract under the Armed Forces Family Housing (RKAT) construction project at the Labuan Air Base, worth RM49.99 million. The sub-contract was awarded to Jawat Johan Sdn Bhd, and its tenure is 14 months, starting from Nov 25. This marks the second award received by KTI as the industrialised building system specialist sub-contractor for the RKAT project. — KTI Landmark wins RM50m sub-contract in Labuan
*Destini Bhd (KL:DESTINI)* has secured a contract worth RM33.05 million from the Ministry of Defence (Mindef) for comprehensive maintenance services for airborne safety and survival equipment. The three-year contract begins on Nov 11, 2024, and will extend through to Nov 10, 2027. — Destini bags Mindef contract worth RM33m
Construction firm *Azam Jaya Bhd (KL:AZAMJAYA)*, which debuted on the Main Market of Bursa Malaysia on Monday, said it is eyeing growth beyond its home base, naming Sarawak and Kalimantan as potential markets. Its ED Datuk Jessica Lo Vun Che said the company expects Sabah to remain as its core market, adding that “there is a lot more to do”. “I think because there’s a lot more to do in Sabah itself, not just the Pan Borneo Highways, it’s also the rural road packages and all that. “But I think we can go beyond that, especially down to Kalimantan and maybe to the neighbouring countries and all that, or even to international,” she said. In addition, it will tender for additional phases of the construction of the RM29 billion Pan Borneo Highway project. — Azam Jaya eyes growth beyond home base, names Sarawak and Kalimantan as potential markets
Security seal manufacturer *Mega Fortris Bhd (KL:MEGAFB)* sees minimal impact from the potential implementation of a blanket tariff of up to 10% on its products in the US, which is currently the group’s second largest market, under President-elect Donald Trump. It has been exporting its products to the US market “for many years and is accustomed to navigating multi-jurisdictional taxes”, including similar tariffs in Europe and other markets, its CEO Datuk Adrian Ng said during a press conference in conjunction with the company’s listing on the Main Market of Bursa Malaysia. To further reduce exposure to tariff risks, Mega Fortris is also exploring plans to decentralise its pricing strategy and potentially establish a production facility in the US. — Minimal impact on Mega Fortris from potential US tariff hike, says CEO
Newly listed *KTI Landmark Bhd (KL:KTI)* has won a sub-contract under the Armed Forces Family Housing (RKAT) construction project at the Labuan Air Base, worth RM49.99 million. The sub-contract was awarded to Jawat Johan Sdn Bhd, and its tenure is 14 months, starting from Nov 25. This marks the second award received by KTI as the industrialised building system specialist sub-contractor for the RKAT project. — KTI Landmark wins RM50m sub-contract in Labuan
*Destini Bhd (KL:DESTINI)* has secured a contract worth RM33.05 million from the Ministry of Defence (Mindef) for comprehensive maintenance services for airborne safety and survival equipment. The three-year contract begins on Nov 11, 2024, and will extend through to Nov 10, 2027. — Destini bags Mindef contract worth RM33m
Construction firm *Azam Jaya Bhd (KL:AZAMJAYA)*, which debuted on the Main Market of Bursa Malaysia on Monday, said it is eyeing growth beyond its home base, naming Sarawak and Kalimantan as potential markets. Its ED Datuk Jessica Lo Vun Che said the company expects Sabah to remain as its core market, adding that “there is a lot more to do”. “I think because there’s a lot more to do in Sabah itself, not just the Pan Borneo Highways, it’s also the rural road packages and all that. “But I think we can go beyond that, especially down to Kalimantan and maybe to the neighbouring countries and all that, or even to international,” she said. In addition, it will tender for additional phases of the construction of the RM29 billion Pan Borneo Highway project. — Azam Jaya eyes growth beyond home base, names Sarawak and Kalimantan as potential markets
Security seal manufacturer *Mega Fortris Bhd (KL:MEGAFB)* sees minimal impact from the potential implementation of a blanket tariff of up to 10% on its products in the US, which is currently the group’s second largest market, under President-elect Donald Trump. It has been exporting its products to the US market “for many years and is accustomed to navigating multi-jurisdictional taxes”, including similar tariffs in Europe and other markets, its CEO Datuk Adrian Ng said during a press conference in conjunction with the company’s listing on the Main Market of Bursa Malaysia. To further reduce exposure to tariff risks, Mega Fortris is also exploring plans to decentralise its pricing strategy and potentially establish a production facility in the US. — Minimal impact on Mega Fortris from potential US tariff hike, says CEO
Newbie Trading Channel
11 Nov, 23:48
🌐 *Global Market Updates*
*_12th November 2024_*
Indexes
🇺🇸 Dow 44,293.13 ⬆️304.141
🇬🇧 FTSE 8,125.19 ⬆️52.800
🇭🇰 HKSE 20,426.93⬇️301.26
🇨🇳 SSE 3,470.07 ⬆️17.769
🇲🇾 KLCI 1,609.26 ⬇️11.98
Energy/Precious Metal
⛽️Crude Oil $68.19⬇️2.19
⛽️Brent Oil $71.97 ⬇️1.90
⚜️ Gold $2,629.50 ⬇️65.30
🌴 Palm Oil MYR4,889⬆️211
Currency
💵 USD/MYR 4.4070
💴 CNY/MYR 0.6113
💵 SGD/MYR 3.3056
🌐 Global News
🔹The Dow climbed Monday, extending its recent rally to close above 44,000 for the first time as the stocks continue to surge ahead of upcoming inflation data and a slew of Federal Reserve speakers.
🔹Oil prices fell Monday as more fiscal stimulus measures from top importer China underwhelmed, while a hurricane in the Gulf of Mexico appeared to have a limited impact on U.S. production.
🔹Gold prices fell Monday, extending losses from last week as the dollar remained strong and risk appetite healthy in the wake of Donald Trump’s victory in the 2024 presidential election.
Sources From:
https://www.investing.com/news/stock-market-news/stock-market-today-dow-closes-above-44000-for-first-time-as-rally-mode-continues-3713470
*_12th November 2024_*
Indexes
🇺🇸 Dow 44,293.13 ⬆️304.141
🇬🇧 FTSE 8,125.19 ⬆️52.800
🇭🇰 HKSE 20,426.93⬇️301.26
🇨🇳 SSE 3,470.07 ⬆️17.769
🇲🇾 KLCI 1,609.26 ⬇️11.98
Energy/Precious Metal
⛽️Crude Oil $68.19⬇️2.19
⛽️Brent Oil $71.97 ⬇️1.90
⚜️ Gold $2,629.50 ⬇️65.30
🌴 Palm Oil MYR4,889⬆️211
Currency
💵 USD/MYR 4.4070
💴 CNY/MYR 0.6113
💵 SGD/MYR 3.3056
🌐 Global News
🔹The Dow climbed Monday, extending its recent rally to close above 44,000 for the first time as the stocks continue to surge ahead of upcoming inflation data and a slew of Federal Reserve speakers.
🔹Oil prices fell Monday as more fiscal stimulus measures from top importer China underwhelmed, while a hurricane in the Gulf of Mexico appeared to have a limited impact on U.S. production.
🔹Gold prices fell Monday, extending losses from last week as the dollar remained strong and risk appetite healthy in the wake of Donald Trump’s victory in the 2024 presidential election.
Sources From:
https://www.investing.com/news/stock-market-news/stock-market-today-dow-closes-above-44000-for-first-time-as-rally-mode-continues-3713470
Newbie Trading Channel
11 Nov, 09:17
*RHB♦️Investment Bank Bhd*
Monday 11/11/2024
FBMKLCI : *1,609.26*
*⬇️ 11.98 (0.74%)*
Volume : *2.676B*
Value : *2.029B*
⬆️ 357
⬇️ 685
🔁 480
_KLCI began the day on a positive note but closed in negative territory, dragged down by continued selling activities led by the utilities stocks amid a lack of new catalysts._
Top 3 active stocks :
AZAMJAYA 1.09 ⬆️ 0.31
MEGAFB 0.655 ⬇️ 0.015
VELESTO 0.185 ⬇️ 0.005
Monday 11/11/2024
FBMKLCI : *1,609.26*
*⬇️ 11.98 (0.74%)*
Volume : *2.676B*
Value : *2.029B*
⬆️ 357
⬇️ 685
🔁 480
_KLCI began the day on a positive note but closed in negative territory, dragged down by continued selling activities led by the utilities stocks amid a lack of new catalysts._
Top 3 active stocks :
AZAMJAYA 1.09 ⬆️ 0.31
MEGAFB 0.655 ⬇️ 0.015
VELESTO 0.185 ⬇️ 0.005
Newbie Trading Channel
11 Nov, 07:14
The Star : Business Feed
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
Newbie Trading Channel
11 Nov, 00:49
*SHORT TERM TREND*
*FKLI*
Trend: *SIDEWAY*
Might change if price breaks
1619 / 1624.
*FCPO*
Trend: *UP*
Might change if price breaks below 4869.
*Mini Dow*
Trend: *UP*
Might change if price breaks below 43871.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 71.18.
*GOLD*
Trend : *DOWN*
Might change if price breaks above 2697.90.
*HSI*
Trend : *DOWN*
Might change if price breaks above 20672.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *SIDEWAY*
Might change if price breaks
1619 / 1624.
*FCPO*
Trend: *UP*
Might change if price breaks below 4869.
*Mini Dow*
Trend: *UP*
Might change if price breaks below 43871.
*Crude Oil*
Trend: *DOWN*
Might change if price breaks above 71.18.
*GOLD*
Trend : *DOWN*
Might change if price breaks above 2697.90.
*HSI*
Trend : *DOWN*
Might change if price breaks above 20672.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
Newbie Trading Channel
11 Nov, 00:28
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
11 Nov 2024
*TSH (9059)*: Shariah Compliant
Outlook: Breakout MYR1.14
Resistance: MYR1.21, MYR1.28
Support: MYR1.08
(time frame: 2-4 weeks)
*ARMADA (5210)*:
Outlook: Pending Breakout MYR0.515
Resistance: MYR0.535, MYR0.56
Support: MYR0.49
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
11 Nov 2024
*TSH (9059)*: Shariah Compliant
Outlook: Breakout MYR1.14
Resistance: MYR1.21, MYR1.28
Support: MYR1.08
(time frame: 2-4 weeks)
*ARMADA (5210)*:
Outlook: Pending Breakout MYR0.515
Resistance: MYR0.535, MYR0.56
Support: MYR0.49
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
Newbie Trading Channel
11 Nov, 00:25
*🔔Today New Listing - _11/11/2024_🔔*
*Mega Fortris Berhad _(5327)_*
Market: Main
Oversubscription rate: 7.18X
*IPO Price : RM 0.67*
Fair value given:-
1. Mplus _RM 0.85_
2. TA _RM 0.75_
*Mega Fortris Berhad _(5327)_*
Market: Main
Oversubscription rate: 7.18X
*IPO Price : RM 0.67*
Fair value given:-
1. Mplus _RM 0.85_
2. TA _RM 0.75_
Newbie Trading Channel
26 Oct, 03:40
中国自驾公司赴美国上市
文远知行首日上涨6.8%
自动驾驶汽车公司文远知行美国存托股票(ADS)较IPO价格上涨6.8%，早前通过首次募股和定向增发筹集了4.405亿美元（约19.12亿令吉）。
https://www.enanyang.my/node/631874
文远知行首日上涨6.8%
自动驾驶汽车公司文远知行美国存托股票(ADS)较IPO价格上涨6.8%，早前通过首次募股和定向增发筹集了4.405亿美元（约19.12亿令吉）。
https://www.enanyang.my/node/631874
Newbie Trading Channel
25 Oct, 09:28
*RHB♦️Investment Bank Bhd*
Friday 25/10/2024
FBMKLCI : *1,618.30*
*⬇️ 13.93 (0.85%)*
Volume : *2.474B*
Value : *2.143B*
⬆️ 354
⬇️ 656
🔁 577
_KLCI started the day with positive momentum, but closed in red due to ongoing concerns about US interest rates,raising bond yield and lack of local catalyst_
Top 3 active stocks :
INGENIEU 0.05 ⬇️ 0.005
PERMAJU 0.03 ⬇️ 0.005
FOCUS 0.025 🔁 0.00
Friday 25/10/2024
FBMKLCI : *1,618.30*
*⬇️ 13.93 (0.85%)*
Volume : *2.474B*
Value : *2.143B*
⬆️ 354
⬇️ 656
🔁 577
_KLCI started the day with positive momentum, but closed in red due to ongoing concerns about US interest rates,raising bond yield and lack of local catalyst_
Top 3 active stocks :
INGENIEU 0.05 ⬇️ 0.005
PERMAJU 0.03 ⬇️ 0.005
FOCUS 0.025 🔁 0.00
Newbie Trading Channel
25 Oct, 08:57
https://www.malaymail.com/news/malaysia/2024/10/25/macc-chief-says-directly-overseeing-probe-on-ytl-power-units-1bestarinet/154782
YTLPOWER 3.02 (-0.20)
YTL 1.97(-0.16)
YTLPOWER 3.02 (-0.20)
YTL 1.97(-0.16)
Newbie Trading Channel
25 Oct, 07:07
🔔 NEW IPO OFFER 🔔
Metro Healthcare Berhad (METRO)
ACE Market
Shariah Status: SC (Yes)
IPO Price: RM 0.25
Closing date:
04-Nov-2024
Balloting date:
07-Nov-2024
Listing date:
15-Nov-2024
Business:
-Metro Healthcare Berhad is primarily focused on providing obstetrics and gynecological (O&G) healthcare services, with a specialization in fertility treatments. The company has strategically shifted its focus to enhance its core offerings in O&G healthcare, which include comprehensive fertility services and general obstetrics and gynecological care. To complement these services, Metro Healthcare also offers pediatric services; however, it has discontinued dental and traditional Chinese medicine fertility services as of 2022 and 2023, respectively. This realignment reflects the company’s commitment to strengthening its position within the O&G healthcare sector. Metro Healthcare was incorporated in 2010 and headquartered in Klang, Selangor, Malaysia.
https://theedgemalaysia.com/node/731385
➡️ Can apply via Online banking, ATM machine & form.
Contact us Today!
https://wa.me/60169540487
Thank you
Metro Healthcare Berhad (METRO)
ACE Market
Shariah Status: SC (Yes)
IPO Price: RM 0.25
Closing date:
04-Nov-2024
Balloting date:
07-Nov-2024
Listing date:
15-Nov-2024
Business:
-Metro Healthcare Berhad is primarily focused on providing obstetrics and gynecological (O&G) healthcare services, with a specialization in fertility treatments. The company has strategically shifted its focus to enhance its core offerings in O&G healthcare, which include comprehensive fertility services and general obstetrics and gynecological care. To complement these services, Metro Healthcare also offers pediatric services; however, it has discontinued dental and traditional Chinese medicine fertility services as of 2022 and 2023, respectively. This realignment reflects the company’s commitment to strengthening its position within the O&G healthcare sector. Metro Healthcare was incorporated in 2010 and headquartered in Klang, Selangor, Malaysia.
https://theedgemalaysia.com/node/731385
➡️ Can apply via Online banking, ATM machine & form.
Contact us Today!
https://wa.me/60169540487
Thank you
Newbie Trading Channel
25 Oct, 00:39
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
25 Oct 2024
Download report here :
*JPG (5323)*: Shariah Compliant
Outlook: Pending Breakout MYR1.08
Resistance: MYR1.12, MYR1.16
Support: MYR1.02
(time frame: 2-4 weeks)
*SCGBHD (0225)*: Shariah Compliant
Outlook: Breakout MYR0.90
Resistance: MYR0.98, MYR1.05
Support: MYR0.84
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
25 Oct 2024
Download report here :
*JPG (5323)*: Shariah Compliant
Outlook: Pending Breakout MYR1.08
Resistance: MYR1.12, MYR1.16
Support: MYR1.02
(time frame: 2-4 weeks)
*SCGBHD (0225)*: Shariah Compliant
Outlook: Breakout MYR0.90
Resistance: MYR0.98, MYR1.05
Support: MYR0.84
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only.
Newbie Trading Channel
25 Oct, 00:12
🌐 Global Market Updates_
*_25th OCT 2024_*
Indexes
🇺🇸 Dow 42,374.36 ⬇️ 140.59
🇲🇾 KLCI 1,632.23 ⬇️ 9.30
🇨🇳 SSE 3,280.262 ⬇️ 133.23
🇭🇰 HKSE 20,489.62 ⬇️ 270.531
🇬🇧 FTSE 8,269.38 ⬆️ 10.74
Energy/Precious Metal
⛽️ Crude Oil $70.33 ⬇️ 0.44
⛽️ Brent Oil $74.54 ⬇️ 0.42
⚜️ Gold $2,748.80 ⬆️ 19.40
🌴 Palm Oil $4,589 ⬇️ 14
Currency
💵 USD/MYR 4.3400
💴 CNY/MYR 0.6103
💵 SGD/MYR 3.2948
🌐 Global News
🔹 Investing.com – U.S. stocks were mixed after the close on Thursday, as gains in the Consumer Goods, Consumer Services and Technology sectors led shares higher while losses in the Basic Materials, Utilities and Healthcare sectors led shares lower.
🔹 (Reuters) - Oil prices eased about 1% in volatile trade on Thursday on reports the U.S. and Israel will try to restart talks on a possible ceasefire in Gaza. Brent futures settled 58 cents, or 0.8%, lower at $74.38 a barrel, while U.S. West Texas Intermediate crude (WTI) slipped 58 cents, or 0.8%, to end at $70.19.
🔹 Gold prices rose by nearly 1% on Thursday to trade near record highs as safe-haven demand from persistent geopolitical concerns bolstered prices, while palladium saw a 9% surge on concerns of supply sanctions on top-producer Russia.
Sources from: Investing.com
https://www.investing.com/news/stock-market-news/us-stocks-mixed-at-close-of-trade-dow-jones-industrial-average-down-033-3681872
*_25th OCT 2024_*
Indexes
🇺🇸 Dow 42,374.36 ⬇️ 140.59
🇲🇾 KLCI 1,632.23 ⬇️ 9.30
🇨🇳 SSE 3,280.262 ⬇️ 133.23
🇭🇰 HKSE 20,489.62 ⬇️ 270.531
🇬🇧 FTSE 8,269.38 ⬆️ 10.74
Energy/Precious Metal
⛽️ Crude Oil $70.33 ⬇️ 0.44
⛽️ Brent Oil $74.54 ⬇️ 0.42
⚜️ Gold $2,748.80 ⬆️ 19.40
🌴 Palm Oil $4,589 ⬇️ 14
Currency
💵 USD/MYR 4.3400
💴 CNY/MYR 0.6103
💵 SGD/MYR 3.2948
🌐 Global News
🔹 Investing.com – U.S. stocks were mixed after the close on Thursday, as gains in the Consumer Goods, Consumer Services and Technology sectors led shares higher while losses in the Basic Materials, Utilities and Healthcare sectors led shares lower.
🔹 (Reuters) - Oil prices eased about 1% in volatile trade on Thursday on reports the U.S. and Israel will try to restart talks on a possible ceasefire in Gaza. Brent futures settled 58 cents, or 0.8%, lower at $74.38 a barrel, while U.S. West Texas Intermediate crude (WTI) slipped 58 cents, or 0.8%, to end at $70.19.
🔹 Gold prices rose by nearly 1% on Thursday to trade near record highs as safe-haven demand from persistent geopolitical concerns bolstered prices, while palladium saw a 9% surge on concerns of supply sanctions on top-producer Russia.
Sources from: Investing.com
https://www.investing.com/news/stock-market-news/us-stocks-mixed-at-close-of-trade-dow-jones-industrial-average-down-033-3681872
Newbie Trading Channel
25 Oct, 00:05
"The percentage of completion of the contract to date is 20%. There is no payment due to SC Estate Builder by MESB," it said.
Newbie Trading Channel
25 Oct, 00:05
*RHB♦️Investment Bank Bhd*
*Dow Jones* :42,374.36
⬇️140.59 /0.33%‼️
*Nasdaq* :18,413.91
⬆️137.26/0.75%‼️
*S&P 500*:5,809.86
⬆️12.44/0.21%
The S&P 500 bounced back on Thursday, posting its first positive day in a week that has been beset by higher rates.
*WTI CRUDE OIL* :70.33
⬇️0.44/0.62%
*BRENT OIL* :74.54
⬇️0.42/0.56%
*GOLD PRICE* : 2,748.80
⬆️19.40/ 0.71%
*USD/MYR* : 4.3455
https://ceomorningbrief.theedgemalaysia.com/2024/0853/
*CORPORATE NEWS*
Two major shareholders of *Rexit Bhd (KL:REXIT)* were sentenced to jail in a Singaporean court for participating in a conspiracy to illegally obtain data of over 9,000 people. According to a report by The Straits Times, Datuk Seow Gim Shen and Kong Chien Hoi pleaded guilty to one charge each of conspiring with Chinese national Sun Jiao to have the personal information of 9,369 unknown individuals supplied to them for gambling operations.
*Nestlé (Malaysia) Bhd's (KL:NESTLE)* net profit fell 36.12% to RM85.41 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM133.7 million a year earlier, due to lower revenue caused by a drop in domestic sales.
*ViTrox Corp Bhd (KL:VITROX)* saw its net profit for the third quarter ended Sept 30, 2024 (3QFY2024) fall 32.5% to RM22.45 million from RM33.25 million a year earlier amid a weak US dollar, which led to a notable unfavourable foreign exchange loss. Quarterly revenue saw a marginal 2.2% drop to RM146.7 million from RM150 million a year earlier, due to slow demand recovery, causing ViTrox to experience temporary soft demand for automated board inspection.
*PAVREIT* saw its net property income rise 8.65% to RM131.86 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM121.35 million a year ago, due to lower property operating expenses, primarily driven by the reversal of doubtful debts provision. Quarterly revenue grew 4% to RM207.26 million from RM199.21 million, mainly contributed by higher rental income and income from marketing events and the exhibition centre at Pavilion Bukit Jalil.
*CapitaLand Malaysia Trust (KL:CLMT)* posted a 6.3% increase in its third quarter net property income (NPI) from last year’s corresponding period, underpinned by better NPI from Gurney Plaza, Queensbay Mall, East Coast Mall and Valdor Logistics Hub. CLMT's NPI for the third quarter ended Sept 30, 2024 (3QFY2024) increased to RM61.99 million from RM58.32 million in 3QFY2023, while gross revenue grew 5.4% to RM109.24 million from RM103.64 million.
*DXN Holdings Bhd (KL:DXN)* reported a 13.2% drop in net profit for the second quarter ended Aug 31, 2024 (2QFY2025) to RM65.97 million, from RM76.01 million a year ago, hurt by foreign exchange losses, as well as higher employee benefit costs and shipping costs. For the quarter under review, the health and wellness direct selling company, which was listed in May 2023, posted a record high in quarterly revenue of RM488.43 million.
*Luxchem Corp Bhd’s (KL:LUXCHEM)* net profit for the third quarter fell by more than 26%, mainly due to higher administrative expenses. Net profit for the three months ended Sept 30, 2024 (3QFY2024) was RM6.67 million, compared with RM9.07 million a year ago. However, revenue rose by 18.29% to RM196.09 million from RM165.78 million, thanks to both the trading and manufacturing segments. No dividend was declared for the quarter.
*AWC Bhd (KL:AWC)* via its wholly-owned subsidiary Ambang Wira Facilities Sdn Bhd, has bagged a RM9.4 million contract from the Melaka Public Works Department to provide facilities management and maintenance service for the immigration, custom, quarantine and security complex in Sungai Melaka.
*SC Estate Builder Bhd (KL:SCBUILD)* said the termination of a contract worth RM4.3 million to build affordable houses with solar power on the roofs by Merchant Esteem Sdn Bhd (MESB) was due to a decision by MESB's new management, which has acknowledged that ongoing uncertainties in the commercial property market and low demand would impact the construction and sales of shophouses.
*Dow Jones* :42,374.36
⬇️140.59 /0.33%‼️
*Nasdaq* :18,413.91
⬆️137.26/0.75%‼️
*S&P 500*:5,809.86
⬆️12.44/0.21%
The S&P 500 bounced back on Thursday, posting its first positive day in a week that has been beset by higher rates.
*WTI CRUDE OIL* :70.33
⬇️0.44/0.62%
*BRENT OIL* :74.54
⬇️0.42/0.56%
*GOLD PRICE* : 2,748.80
⬆️19.40/ 0.71%
*USD/MYR* : 4.3455
https://ceomorningbrief.theedgemalaysia.com/2024/0853/
*CORPORATE NEWS*
Two major shareholders of *Rexit Bhd (KL:REXIT)* were sentenced to jail in a Singaporean court for participating in a conspiracy to illegally obtain data of over 9,000 people. According to a report by The Straits Times, Datuk Seow Gim Shen and Kong Chien Hoi pleaded guilty to one charge each of conspiring with Chinese national Sun Jiao to have the personal information of 9,369 unknown individuals supplied to them for gambling operations.
*Nestlé (Malaysia) Bhd's (KL:NESTLE)* net profit fell 36.12% to RM85.41 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM133.7 million a year earlier, due to lower revenue caused by a drop in domestic sales.
*ViTrox Corp Bhd (KL:VITROX)* saw its net profit for the third quarter ended Sept 30, 2024 (3QFY2024) fall 32.5% to RM22.45 million from RM33.25 million a year earlier amid a weak US dollar, which led to a notable unfavourable foreign exchange loss. Quarterly revenue saw a marginal 2.2% drop to RM146.7 million from RM150 million a year earlier, due to slow demand recovery, causing ViTrox to experience temporary soft demand for automated board inspection.
*PAVREIT* saw its net property income rise 8.65% to RM131.86 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM121.35 million a year ago, due to lower property operating expenses, primarily driven by the reversal of doubtful debts provision. Quarterly revenue grew 4% to RM207.26 million from RM199.21 million, mainly contributed by higher rental income and income from marketing events and the exhibition centre at Pavilion Bukit Jalil.
*CapitaLand Malaysia Trust (KL:CLMT)* posted a 6.3% increase in its third quarter net property income (NPI) from last year’s corresponding period, underpinned by better NPI from Gurney Plaza, Queensbay Mall, East Coast Mall and Valdor Logistics Hub. CLMT's NPI for the third quarter ended Sept 30, 2024 (3QFY2024) increased to RM61.99 million from RM58.32 million in 3QFY2023, while gross revenue grew 5.4% to RM109.24 million from RM103.64 million.
*DXN Holdings Bhd (KL:DXN)* reported a 13.2% drop in net profit for the second quarter ended Aug 31, 2024 (2QFY2025) to RM65.97 million, from RM76.01 million a year ago, hurt by foreign exchange losses, as well as higher employee benefit costs and shipping costs. For the quarter under review, the health and wellness direct selling company, which was listed in May 2023, posted a record high in quarterly revenue of RM488.43 million.
*Luxchem Corp Bhd’s (KL:LUXCHEM)* net profit for the third quarter fell by more than 26%, mainly due to higher administrative expenses. Net profit for the three months ended Sept 30, 2024 (3QFY2024) was RM6.67 million, compared with RM9.07 million a year ago. However, revenue rose by 18.29% to RM196.09 million from RM165.78 million, thanks to both the trading and manufacturing segments. No dividend was declared for the quarter.
*AWC Bhd (KL:AWC)* via its wholly-owned subsidiary Ambang Wira Facilities Sdn Bhd, has bagged a RM9.4 million contract from the Melaka Public Works Department to provide facilities management and maintenance service for the immigration, custom, quarantine and security complex in Sungai Melaka.
*SC Estate Builder Bhd (KL:SCBUILD)* said the termination of a contract worth RM4.3 million to build affordable houses with solar power on the roofs by Merchant Esteem Sdn Bhd (MESB) was due to a decision by MESB's new management, which has acknowledged that ongoing uncertainties in the commercial property market and low demand would impact the construction and sales of shophouses.
Newbie Trading Channel
24 Oct, 09:31
*RHB♦️Investment Bank Bhd*
Thursday 24/10/2024
FBMKLCI : *1,632.23*
*⬇️ 9.30 (0.56%)*
Volume : *2.654B*
Value : *2.282B*
⬆️ 312
⬇️ 712
🔁 514
_The FBM KLCI sinks deeper into negative territory on Thursday, mirroring the bearish trend seen across the region._
Top 3 active stocks :
BSLCORP 0.03 🔁 0.00
FITTERS 0.035 ⬇️ 0.005
INGENIEU 0.055 🔁 0.00
Thursday 24/10/2024
FBMKLCI : *1,632.23*
*⬇️ 9.30 (0.56%)*
Volume : *2.654B*
Value : *2.282B*
⬆️ 312
⬇️ 712
🔁 514
_The FBM KLCI sinks deeper into negative territory on Thursday, mirroring the bearish trend seen across the region._
Top 3 active stocks :
BSLCORP 0.03 🔁 0.00
FITTERS 0.035 ⬇️ 0.005
INGENIEU 0.055 🔁 0.00
Newbie Trading Channel
24 Oct, 08:06
‼️ Utilities sector break below trend line 🔽🔽🔽
Utilities 板块正式跌破趋势线 🔽🔽🔽
YTL RM 2.13 🔽-4%
YTLPOWER RM 3.22 🔽-6.3%
YTL & YTLPOWER Hit daily low & The selling volume is huge. Break support 3.30, next support is 2.98
YTL & YTLPOWR 午盘后创单日新低 抛售的量很大 跌破支撑 3.30, 下个支撑 2.98
Utilities 板块正式跌破趋势线 🔽🔽🔽
YTL RM 2.13 🔽-4%
YTLPOWER RM 3.22 🔽-6.3%
YTL & YTLPOWER Hit daily low & The selling volume is huge. Break support 3.30, next support is 2.98
YTL & YTLPOWR 午盘后创单日新低 抛售的量很大 跌破支撑 3.30, 下个支撑 2.98
Newbie Trading Channel
24 Oct, 02:10
The Star : Business Feed
FBM KLCI slides in early trade, tracking overnight Wall Street losses
FBM KLCI slides in early trade, tracking overnight Wall Street losses
Newbie Trading Channel
24 Oct, 02:10
🇭🇰🇭🇰
恒生科技指数日内跌超2%，舜宇光学科技(02382.HK)跌近5%，金蝶国际(00268.HK)、东方甄选(01797.HK)均跌超4%，比亚迪电子(00285.HK)、商汤(00020.HK)、阿里巴巴(09988.HK)均跌超3.5%。
The Hang Seng Tech Index fell more than 2% during the day, with Sunny Optical Technology (02382.HK) down nearly 5%, Kingdee International (00268.HK) and East Buy (01797.HK) both down over 4%, while BYD Electronics (00285.HK), SenseTime (00020.HK), and Alibaba (09988.HK) all dropped more than 3.5%.
恒生科技指数日内跌超2%，舜宇光学科技(02382.HK)跌近5%，金蝶国际(00268.HK)、东方甄选(01797.HK)均跌超4%，比亚迪电子(00285.HK)、商汤(00020.HK)、阿里巴巴(09988.HK)均跌超3.5%。
The Hang Seng Tech Index fell more than 2% during the day, with Sunny Optical Technology (02382.HK) down nearly 5%, Kingdee International (00268.HK) and East Buy (01797.HK) both down over 4%, while BYD Electronics (00285.HK), SenseTime (00020.HK), and Alibaba (09988.HK) all dropped more than 3.5%.
Newbie Trading Channel
24 Oct, 01:19
‼️ LAST DAY TO APPLY ‼️
Azam Jaya Berhad (AZAMJAYA)
MAIN Market
IPO Price: RM 0.78
FV given:
1. TA - 1.54
2. Mplus- 1.47
Azam Jaya Berhad (AZAMJAYA)
MAIN Market
IPO Price: RM 0.78
FV given:
1. TA - 1.54
2. Mplus- 1.47
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