Malaysia 02 - Market News (Mar 24 - Feb 25)

[winston]

Market News on 29 November 2024

Shares of key chip suppliers jump as U.S. reportedly considers toned-down China curbs (CNBC)

China warns of 'necessary actions' if US escalates chip curbs (Reuters)

Moody's says unclear whether Israel's ceasefire with Hezbollah sustainably cuts risks (Reuters)

OPEC+ postpones meeting to decide oil production strategy to Dec. 5, sources say (CNBC)

Rafizi: Review of Johor-Singapore Special Economic Zone draft agreement in final stage, to be finalised by next month (The Edge)

Malaysian Tycoon And Maxis Owner Ananda Krishnan Passes Away (Business Today)

Yinson Secures RM265 Million Financing For Peru Solar Project (Business Today)

Globetronics (GTRONIC) partners with POET Technologies to advance photonics manufacturing (Malaysian Reserve)

Icon Offshore mulls rename to Lianson Fleet Group, 3Q profit triples on higher daily charter rates (The Edge)

Catcha to buy 51% stake in software-as-a-service provider Nexible for RM11.4m (The Edge)

Public Bank formally extends MGO for remaining LPI shares (The Edge)

Carlo Rino selling shares at 27 sen apiece for ACE Market listing, IPO may raise RM46.4 mil (The Edge)

Sabah-based IBS system maker Colform gets Bursa nod for ACE Market listing (The Edge)

Thursday, 28 Nov 2024 Entitlement Announcement

6:24PM KENERGY Interim Dividend
6:14PM SDCG Interim Dividend
6:14PM CETECH Final Dividend
6:01PM NSOP Second Interim Dividend
6:01PM NSOP Special Dividend
5:59PM TPC Second Interim Dividend
5:54PM BHIC Interim Dividend
5:45PM CHINTEK Special Dividend
5:45PM CHINTEK First Interim Dividend
5:45PM WELLCAL Special Dividend
5:44PM BONIA Interim Dividend
5:44PM WELLCAL Fourth Interim Dividend
5:44PM SCICOM First Interim Dividend
5:42PM SOP Interim Dividend
5:42PM GKENT Interim Dividend
5:20PM KPS Interim Dividend
5:19PM MKH First Interim Dividend
5:19PM TRIMODE First Interim Dividend
5:13PM TEOSENG Bonus Issue
5:12PM ABLEGLOB Third Interim Dividend
5:11PM MSTGOLF Interim Dividend
5:08PM MASTER Third Interim Dividend
5:07PM OCNCASH First Interim Dividend
5:03PM ALAQAR Income Distribution
1:04PM FFB Interim Dividend
12:40PM RKI First Interim Dividend
12:35PM ABMB Interim Dividend

[winston]

Market News on 2 DEC 2024

Dow jumps nearly 200 points to record in short session, S&P 500 posts best month of 2024 (CNBC)

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine U.S. dollar (CNBC)

US sets tariffs for solar panels from Southeast Asian nations (Reuters)

China’s Manufacturing Expands For Second Straight Month In November (Business Today)

E-Commerce Income Hit RM1.1 Billion With An Annual Growth Of 16% (Business Today)

TNB inks electricity supply agreement with Bridge Data Centres — report (The Edge)

Rail systems installation for JB-Singapore RTS Link to begin by end-2024 (The Edge)

Yinson unit secures financing for solar project (The Star)

Vincent Tan-linked vehicle emerges as substantial shareholder in Berjaya Food with 8.09% stake (The Edge)

Pharmaniaga secures approval for regularisation plan to exit PN17 (The Malaysian Reserve)

ACE Market-listed Steel Hawk bags five construction and modification jobs from Petronas (The Edge)

Hextar Industries gets exclusive rights to bring in Luckin Coffee chain (The Edge)

Agmo, Phison To Co-Develop Local AI Solutions (Business Today)

Velesto Receives Suspension Notification For Contract (Business Today)

Lotus KFM (LOTUS) eyes growth with bioenergy and plantation ventures (The Star)

Sapura Energy Chairman And Group CEO To Step Down (Business Today)

Friday, 29 Nov 2024

7:16PM SAMAIDEN First Interim Dividend
6:23PM EITA Interim Dividend
6:09PM LBS Special Dividend
6:09PM PANAMY Interim Dividend
6:06PM CCIB Interim Dividend
5:35PM AME Interim Dividend
5:26PM SNS Interim Dividend
5:23PM VS Final Dividend
5:21PM SANICHI Share Consolidation
5:20PM PMETAL Third Interim Dividend
5:15PM PADINI Second Interim Dividend
5:15PM IGBB Others
5:12PM KRETAM First Interim Dividend
1:07PM SURIA Interim Dividend
12:41PM PANDA Special Dividend

[winston]

Market News on 4 DEC 2024

Nasdaq, S&P 500 post record closing highs; investors await more data (Reuters)

US labor market steadily cooling amid higher job openings, low layoffs (Reuters)

China bans export of critical minerals to US as trade tensions escalate (Reuters)

S.Korea authorities vow to stabilize markets as parliament votes to lift martial law (Reuters)

Cloudpoint Technology bags management automation solutions contract from local bank (The Edge)

Solarvest buys 30% stake in waste gas abatement machine manufacturer (The Edge)

PJBumi partners with China’s Intlef for oilfield equipment supply and land rig manufacturing (The Malaysian Reserve)

T7 Global plans one-for-five bonus issue of warrants (The Edge)

Binastra wins RM328m building contract for Bukit Jalil serviced apartment (The Edge)

Magni-Tech declares 23 sen dividend, including 20 sen special as 2Q profit jumps (The Edge)

Malton seeks to raise up to RM19.5m via private placement to fund ongoing property projects (The Edge)

JF Technology to begin selling in US by January 2025 (The Edge)

MMAG appointed dedicated narrow body freighter operator for MAB Kargo (The Star)

Main Market-bound TMK Chemical's IPO oversubscribed by 14.28 times (The Edge)

Tuesday, 3 Dec 2024 Entitlement Announcement

6:37PM MAGNI Special Dividend
6:31PM MAGNI Second Interim Dividend
6:06PM ALPHA Interim Dividend
5:54PM BIMB Interim Dividend
5:49PM AGX Interim Dividend
5:23PM MFLOUR Second Interim Dividend
5:09PM VS First Interim Dividend

[winston]

Market News on 5 DEC 2024

Tech rally, Powell comments boost indexes to record closing highs (Reuters)

Fed can take cautious approach to rate cuts amid economic strength: Powell (Investing.com)

US services sector comes off the boil in November, prices stay high (Reuters)

Home Affairs Ministry Denies Claims Of 17 Million MyKad Data Breach Being Sold On The Dark Web (Business Today)

Malaysia Poised To Become Regional Hub For EV Production, Says Fadillah Yusof (Business Today)

Anwar: Signing Of Johor-Singapore Special Economic Zone (JS-SEZ) Deal Postponed Until Next Month (Business Today)

Binasat plans private placement to finance property acquisitions (The Edge)

Public Bank completes 44.15% stake buy in LPI Capital (The Edge)

Geneva Insurance ceases to be substantial shareholder in Central Global (CGB) after selling 4.59% stake (The Edge)

Mulpha's Australian unit to acquire Marymount Mercy Centre in NSW for residential project (The Star)

EPF now owns 5.99% stake in Mega First (MFCB) (The Edge)

Uzma bags hydraulic workover unit works from Enquest (The Edge)

Apollo Food declares 30 sen dividend; net profit up 6.7% in 2QFY2025 (The Edge)

Focus Dynamics proposes RM127m share capital reduction (The Edge)

KNM wins Federal Court leave to appeal in dispute with Meccilect (The Malaysian Reserve)

TMC Life Finds Group CEO Guilty Of Misconduct (Business Today)

Sapura Energy Clarifies That Regularisation Plan Not Yet Submitted To Bursa (Business Today)

Sentoria triggers PN17 critera (The Edge)

Engineering services provider Enproserve Group seeking to float shares on ACE Market; to offer 315 mil shares (The Edge)

Wednesday, 4 Dec 2024 Entitlement Announcement

5:59PM APOLLO First Interim Dividend
5:13PM SUPERLN Second Interim Dividend
5:12PM SUPERLN Special Dividend
5:07PM PADINI Bonus Issue
1:11PM KJTS Interim Dividend

[winston]

Market News on 6 DEC 2024

Dow drops more than 200 points, S&P 500 retreats from record as big payrolls report looms (CNBC)

US weekly jobless claims edge up; falling imports compress trade deficit (Reuters)

Oil prices little changed after OPEC+ delays production increase (CNBC)

Vincent Tan's Mawar Setia to buy majority stake in U Mobile from Temasek's ST Telemedia (The Edge)

99 Speedmart, Gamuda Joins FTSE Bursa KLCI (Business Today)

Destini to buy Australia's Trovon Group to expand global rail maintenance reach (The Edge)

Dialog wins RAJA Cluster small field production sharing contract from Petronas (The Edge)

Supermax climbs on earnings potential of US facility amid efforts to boost glove production (The Edge)

Pavilion REIT To Acquire Banyan Tree, Pavilion Hotel For RM480 Million (Business Today)

T7 Global Bags Another B3 Contract, This Time From Petrofac (Business Today)

Deleum eyes more acquisitions after 70% stake buy in Indonesian O&G valve outfit (The Edge)

HB Global forms JV to develop AI-powered farming in Pahang (The Edge)

NationGate launches locally manufactured AI servers (The Edge)

Fiamma Inks Deal To Establish China’s Vino Air-Cond In Malaysia (Business Today)

Ho Hup subsidiary Golden Wave placed under receivership (The Malaysian Reserve)

Maxland inks 60-year land lease agreement to set up data centre in Kulim High-Tech Park (The Edge)

Sentoria (SNTORIA) Classified Under PN17 (Business Today)

Public portion of TopVision’s IPO oversubscribed by 59 times (The Edge)

Thursday, 5 Dec 2024 Entitlement Announcement

7:24PM HM Rights Issue
5:28PM ELSOFT First Interim Dividend

[winston]

Market News on 9 December 2024

Wall St Week Ahead Inflation report poses test for stocks rally as Fed meeting looms (Reuters)

U.S. payrolls increased 227,000 in November, more than expected; unemployment rate at 4.2% (CNBC)

Yellen Warns Financial System Still Faces Commercial Real Estate, Crypto Risks (Bloomberg)

OPEC+ oil output delay a ‘reality check’ as group eyes demand, U.S. outlook, Saudi energy min says (CNBC)

Iris Corp Disposes Subsidiary For RM2.3 Million (Business Today)

ITMax Terminates Deal To Acquire Stake In Airforce Software (Business Today)

EPF Emerges As Substantial Unitholder In KIP REIT (Business Today)

SMTrack Disposes Aircraft For US$1 Million (Business Today)

WCT To Advance Bahrain’s Brine Recovery Solutions (Business Today)

MMAG proposes share capital reduction to cut RM270m losses (Malaysian Reserve)

Kawan Food enters JV in IT sector with acquisition of Regaltech Automation (Malaysian Reserve)

Tanco unit and HK-listed Cosco Shipping explore partnership to manage proposed Port Dickson AI port (The Edge)

SNS Network, Mimos partner to boost AI innovation and software testing capabilities (The Edge)

Cypark partners Terengganu govt to develop 500MW hybrid hydro floating solar plant (The Edge)

FSBM partners US firm to launch AI-driven manufacturing platform in Malaysia (The Edge)

Vincent Tan-linked firm trims stake in Berjaya Food (The Edge)

Sunview-backed Winstar's ACE Market IPO draws over RM400 mil retail interest (The Edge)

ACE Market-bound Colform group inks underwriting agreement with Mercury Securities (The Edge)

Friday, 6 Dec 2024 Entitlement Announcement

6:10PM HPPHB Interim Dividend
5:43PM LGMS Second Interim Dividend
5:43PM HOMERIZ Special Dividend
5:07PM GAMUDA Bonus Issue

[winston]

Market News on 10 December 2024

Dow drops more than 200 points, S&P 500 pulls back from record as Nvidia slides (CNBC)

Nvidia shares fall after China opens investigation over possible violation of antimonopoly law (CNBC)

US consumers expect higher inflation and better economy, New York Fed says (Reuters)

China consumer inflation rate drops to a five-month low, missing expectations as economy slows (CNBC)

China vows ‘more proactive’ fiscal stimulus measures, ‘moderately’ looser monetary policy (CNBC)

Foreign selling on Bursa Malaysia continues with net outflow of RM761.4 mil (The Star)

Axiata, Sinar Mas are said to near deal for Indonesia units (The Star)

Hartalega declares special dividend of 10.85 sen (The Star)

Haily Secures RM38 Million Contract From Mah Sing For Housing Project (Business Today)

PGB Terminates Deal With Solarvest After Land Sale For Data Centre Project (Business Today)

Gagasan (NADIBHD) Signs DRA With Kwasa For RM1 Billion GDV Affordable Housing Project (Business Today)

UEM Edgenta Partners With JBPM To Strengthen Malaysia’s Disaster Response (Business Today)

GFM Eyes 45% Stake In Shapadu Energy Valued At RM30 Million (Business Today)

3REN Inks Deal With State For Penang Silicon Design @5km+ Project (Business Today)

Globetronics partners with Invest Penang to boost semiconductor ecosystem in Penang (Malaysian Reserve)

WCT teams up to advance brine recovery solutions in Bahrain (Malaysian Reserve)

Two SCIB shareholders nominate directors for upcoming AGM (The Edge)

Managepay (MPAY) plans one-for-two rights issue, free warrants (The Edge)

Trading in SkyWorld securities to be halted on Tuesday pending material announcement (The Edge)

Datasonic confirms it is in talks with Home Ministry for passport contract (The Edge)

UEM Sunrise gets nod for A$277.8m build-to-rent project in Melbourne (The Edge)

Swift Energy now selling IPO shares at 28 sen apiece for ACE Market listing (The Edge)

Vanzo’s 23.34 mil IPO shares for public oversubscribed by 66.71 times (The Star)

Carlo Rino’s 48.88 mil IPO shares for public oversubscribed by 18 times (The Edge)

Monday, 9 Dec 2024 Entitlement Announcement

7:02PM SUNSURIA Second Interim Dividend
6:33PM BKAWAN Final Dividend
6:01PM PBA First Interim Dividend
5:57PM JCBNEXT Interim Dividend
5:33PM HARTA Special Dividend
5:09PM POHUAT First Interim Dividend

[winston]

Market News on 11 December 2024

Wall St indexes fall with inflation data and rates in focus (Reuters)

Alphabet shares jump 6% after Google touts ‘breakthrough’ quantum chip (CNBC)

Yellen says Trump's tariffs could derail US inflation progress, raise costs (Reuters)

China’s Export Grew At Slower Pace In Nov While Import Shrinks (Business Today)

China ready to go deeper into debt to counter Trump's tariffs (Reuters)

Malaysia's October industrial production up 2.1%, below forecast (Reuters)

Malaysia on track to become global medtech hub with strong policies — Zafrul (The Edge)

FGV terminates agreement with Qatar’s Baladna and Touch Group for dairy farming project (Malaysian Reserve)

OCK Group to invest RM350m in solar power plant expansion (Malaysian Reserve)

South Malaysia Industries(SMI) seeks to strike out lawsuit, files injunction to block EGM (Malaysian Reserve)

PPB Group’s unit FFM to seek judicial review over MyCC penalty (Malaysian Reserve)

Elsoft divests non-performing subsidiary for RM7.3m (Malaysian Reserve)

Feytech partners with China’s Ruitai for RM14m automotive seat JV (Malaysian Reserve)

Gamuda takes up 20% stake in Google Cloud partner, teams up with DNeX to provide Google Cloud services (The Edge)

Sapura Energy Completes Sale Of SOMV To TotalEnergies (Business Today)

Sunview Locks In RM196 Million Worth Of Solar Power Plant Contracts (Business Today)

PGF Capital To Build RM600 Million Mixed Development Project In Kulim Hi-Tech Park (Business Today)

SkyWorld To Develop Nation’s Largest Affordable Housing Project In Penang (Business Today)

JHM Bags Parts Supply Contract From Proton Worth RM300 Million (Business Today)

MN Holdings Secures RM162.5 Million Contract For Data Centre Project (Business Today)

Ageson Bhd To Rebrand As TXCD Bhd (Business Today)

Solarvest Forms Partnership With Huawei On Energy Storage (Business Today)

BHIC To Dispose Stake In CAD For RM54 Million (Business Today)

Mega First (MFCB) inks supplemental for Don Sahong hydropower project (The Star)

SumiSaujana Receives Nod For ACE Market Listing (Business Today)

PMCK eyes listing on ACE Market of Bursa Malaysia (The Star)

Tuesday, 10 Dec 2024 Entitlement Announcement

6:01PM MBSB Interim Dividend
5:19PM RGS Interim Dividend

[winston]

Market News on 12 December 2024

Nasdaq surges for first close above 20,000, lifted by Alphabet shares (CNBC)

U.S. budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago (CNBC)

Annual inflation rate accelerates to 2.7% in November, as expected (CNBC)

US Inflation in Line With Forecasts Solidifies Bets on Fed Cut (Reuters)

Yellen says US will 'react strongly' to any currency manipulation (Reuters)

OPEC cuts 2024, 2025 oil demand growth forecasts (Investing.com)

PM Touts Act 586 Amendment To Regulate Private Hospital Charges (Code Blue)

Gamuda’s Eaton Park Vietnam Surpasses RM2 Billion In GDV (Business Today)

Eco World International (EWINT) cautious on new launches amid slower demand, declares five sen dividend as losses narrow (The Edge)

Petron Malaysia(PETRONM) says Port Dickson refinery has resumed ops in full after two-month closure (The Edge)

Solid Automotive buys 4.7-acre land in Klang from Top Glove (The Edge)

MyEG’s Zetrix platform to offer digital ID services to China nationals and business entities for overseas verification (The Edge)

AE Multi Holdings proposes RM156m share capital reduction (The Edge)

Axiata seals definitive deal with Sinar Mas to merge Indonesian ops (The Edge)

Privasia unit to collaborate with Mara Inc and Felcra on Perak data centre (The Star)

Prawn farmer Camaroe files for ACE market IPO (The Edge)

Wednesday, 11 Dec 2024 Entitlement Announcement

5:49PM AXJ-REITSETF Income Distribution
5:48PM EWINT Final Dividend
12:50PM TAKAFUL Interim Dividend (with Dividend Re-Investment Plan)

[winston]

[flash=]Market News on 13 December 2024[/flash]

Dow falls more than 200 points after warm inflation report, Nasdaq retreats from record (CNBC)

Broadcom shares rise 13% on profit beat, ‘massive’ opportunity in AI (CNBC)

US weekly jobless claims unexpectedly rise (Reuters)

China pledges more debt, rate cuts as Trump tariff threats loom (Reuters)

Euro dips slightly after ECB cuts rates by 25 basis points (Reuters)

BNM To Reveal Interim Measures On Rising Insurance Premiums Next Week, Amir Hamzah Says (Business Today)

Termasek deal values U Mobile at RM 7.5 bil (The Star)

GDB Bags RM298 Million Contract To Build Warehouse For SDP Logos (Business Today)

BAuto’s 2Q PAT Plunges Above 50%, Says Sales Drop Due To China Car Influx (Business Today)

Gamuda’s Order Book Swells To RM30 Billion, Q3 PAT Up 5% To RM205 Million (Business Today)

Kitacon Secures RM60 Million Housing Contract From PKNS (Business Today)

Homeritz reports fire at subsidiary’s Muar factory (Malaysian Reserve)

Hong Seng Consolidated receives legal notice from Hong Seng Group on trademark usage (Malaysian Reserve)

Solarvest inks MoU with Vista Contracting for solar projects in Malaysia, Brunei, Taiwan, and Cambodia usage (Malaysian Reserve)

Datasonic proposes name change to NEXG fund (The Edge)

Uni Wall, Pemodalan Kedah team up on RM2.3b GDV university projects (The Edge)

KIP REIT completes acquisition of Cyberjaya’s D’Pulze Shopping Centre ahead of schedule (The Edge)

Dataprep proposes RM100 mil capital reduction and private placement raising fresh fund (The Edge)

Power Root plans to plant own coffee beans amid surging prices (The Edge)

Oriental Kopi looking at IPO in 1Q, inks underwriting agreement with Alliance Islamic Bank fund (The Edge)

Thursday, 12 Dec 2024 Entitlement Announcement

6:20PM ECOWLD Final Dividend
6:13PM BAUTO Second Interim Dividend