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

[winston]

Market News on 7 APR 2025

Dow futures fall 1,500 points Sunday as Trump tariff market collapse worsens (CNBC)

Dow drops 2,200 points Friday, S&P 500 loses 10% in 2 days as Trump’s tariff market rout deepens (CNBC)

Nasdaq confirms it is in bear market, ending more than 20% below record close (Reuters)

Fed's Powell says larger-than-expected tariffs likely to boost inflation, slow growth (Reuters)

China says ‘market has spoken’ after Trump tariffs spark global stocks rout (CNBC)

Over 50 nations want to start trade talks with US after tariffs, Trump officials say (Reuters)

U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears (CNBC)

PM Does Not Foresee A Recession Following The Harsh US Tariff (Business Today)

Anwar: Malaysia Still Assessing The Impact Of US Tariff On National Economy (Business Today)

Tan Yu Yeh steps down as MR D.I.Y. executive vice chairman, assumes advisor role (TheStar)

Radium Development to diversify into healthcare with 140-bed hospital in Malacca (The Edge)

Greatech down nearly 9% after being flagged as biggest loser in tech following Trump’s new tariffs (The Edge)

EXSIM Hospitality wins RM1.13mil design and build contract (The Star)

Lianson Fleet (LFG) sells offshore vessel to Dubai company for RM31m (The Malaysian Reserve)

OMH completes US$168m debt refinancing, strengthening capital structure (The Malaysian Reserve)

Ho Hup to pay RM7m over aborted Bukit Jalil project (The Malaysian Reserve)

Fitters plans to sell full stake in unit to US biotech firm (The Malaysian Reserve)

[winston]

Market News on 8 APR 2025

Dow, S&P 500 end wild session lower, Trump digs in on tariffs (Reuters)

Trump threatens new 50% tariffs on China if demands unmet by April 8 (Investing.com)

Trump Says No Pause on Tariffs, But Open to Negotiations (Bloomberg)

US Treasury Discusses Tariff With ASEAN Officials (Business Today)

U.S. crude oil losses deepen as Trump tariffs fuel recession fears (CNBC)

Average Malaysian import tariff on US goods is 5.6%, not 47%, says Tengku Zafrul (TheSun)

MPOB: Malaysia’s palm oil industry to see minimal impact from 24% US tariff (TheSun)

Aemulus to develop test equipment with Samsung unit (The Edge)

HHRG suspends CEO for two weeks pending internal probe (The Edge)

KJTS clinches RM48m water plant project in Thailand (The Edge)

Kerjaya Prospek bags RM291m construction contract in Penang (The Edge)

Chin Well Does Not Foresee Significant Impact From Tariff (Business Today)

Tek Seng to diversify into property investment (The Star)

Marine & General (M&G) acquires steel oil tanker for RM55mil (The Star)

Carimin Petroleum awarded charter contract for two vessels from Carigali Hess (The Malaysian Reserve)

Eversendai deepens global footprint in steel fabrication (The Malaysian Reserve)

Monday, 7 Apr 2025 Entitlement Announcement

5:58PM KSENG Final Dividend
5:58PM HEIM Final Dividend

[winston]

Market News on 10 APR 2025

Dow surges 2,900 points, S&P 500 posts biggest gain since 2008 on Trump tariff reversal (Reuters)

Trump temporarily drops tariffs to 10% for most countries, hits China harder (CNBC)

Trump raises tariffs on China to 125%, introduces 90-day pause for others (Investing.com)

WTO says trade between US, China could decrease by as much as 80% (Reuters)

EU Approves To Hit Back At US With 25% Tariff (Business Today)

Fed minutes show broad sense US risks tilted towards higher inflation, slower growth (Reuters)

China to impose 84% tariffs on U.S. goods starting Thursday (Reuters)

Moody’s: Malaysia among countries that may gain market share as US tariffs shift APAC trade (The Star)

Able Global Bhd seeks USMCA zero-tariff benefit to counter rising trade barriers on US exports (The Edge)

Perdana Petroleum lands three-year offshore vessel contracts (The Edge)

LFE Corp wins RM35.25mil job from Petaling Garden (The Star)

Jati Tinggi bags RM30m subcontract to relocate power cables in Penang (The Edge)

Hibiscus Secures 20-Year Production Continuation With Petronas And Vietnam Oil (Business Today)

AMMB CFO to step down, said to be joining Maybank (The Edge)

LGMS Eyes Potential Stake In Antarex After Finalising Partnership (Business Today)

AWC wins RM18.4mil waste system contract (The Star)

Dayang bags two accommodation workboat vessel orders from Petronas Carigali (The Edge)

WCT shareholders approve Paradigm REIT listing on Bursa Malaysia (The Star)

Sapura Energy secures RM40 mil offshore facilities operations and maintenance contract (The Edge)

Duopharma Biotech bags supply contracts worth RM16.58m from govt in third round of award (The Edge)

MMAG reclassified to transportation and logistics sector (The Star)

Cuckoo Malaysia reschedules IPO, now set for June 24 (The Star)

PSP Energy seeks ACE Market IPO to expand ship-to-ship bunkering biz (The Edge)

WTEC Group braves global market rout, launches ACE Market IPO to raise up to RM33m (The Edge)

Reach Ten to raise RM104mil from IPO to expand telecoms infrastructure (The Star)

Wednesday, 9 Apr 2025 Entitlement Announcement

5:27PM SENHENG Interim Dividend

[winston]

Market News on 11 APR 2025

Dow tumbles 1,000 points, wiping out a chunk of Wednesday’s historic rally (CNBC)

Inflation rate eases to 2.4% in March, lower than expected; core at 4-year low (CNBC)

Trump acknowledged he could cause a recession but just didn’t want a depression, according to WSJ (CNBC)

Trump Sees ‘Transition Problems’ With China Tariffs at 145% (Bloomberg)

European Union to put countermeasures to U.S. tariffs on hold for 90 days (CNBC)

Oil settles down over 3% as investors reassess Trump's tariff flip (Reuters)

Anwar receives courtesy visit from tech giant Oracle, discusses AI and digital innovation (The Edge)

Bank Negara to await tariffs clarity before revising outlook, central bank chief says (The Star)

MSM sued by Ranhill over termination of effluent treatment plant project in Johor (The Edge)

Malakoff secures community-based solar project with Masjid Saidina Umar Al-Khattab (The Star)

Reservoir Link acquires 30% stake in O&G firm for RM7.39mil (The Star)

MYEG Partners Huawei, Heitech Padu On Smart Government Services Project (Business Today)

YNH Property's independent review reveals interconnected directors, shareholders in RM1.1b JV deals (The Edge)

Revolutionising Malaysia’s AI Ecosystem: SNS Network Pioneers The Nation’s First NVIDIA H100-Powered GPUaaS Platform (Business Today)

AWC wins build-operate-transfer concession for automated waste collection system at Terminal Bersepadu Gombak (TheSun)

Axiata seeks adviser for Edotco sale (TheStar)

AmBank grants RM307m in financing to Chin Hin Group for infrastructure projects (The Edge)

SCIB secures injunction against Awana JV Suria Saga over RM63.9mil financing facility (The Star)

Thursday, 10 Apr 2025 Entitlement Announcement

5:10PM EG Bonus Issue
5:10PM EG-WD Adjustment

[winston]

Market News on 14 APRIL 2025

Wall St ends whipsaw week higher as Fed comments soothe market (Reuters)

Trump exempts phones, computers, chips from new tariffs (CNBC)

Trump says chips from China will face national security probe; further tariffs expected (Reuters)

Trump Warns Tariffs Are Coming for Electronics After Reprieve (Reuters)

Trump says he will provide more info on chips tariffs on Monday (Reuters)

China urges Trump to correct mistakes and heed ‘rational voices’ on reciprocal tariffs (CNBC)

China, Japan, S.Korea central bank deputies discussed US tariffs (Reuters)

Manufacturing sector sales up 4.7% to RM153.1bil in Feb 2025 - DoSM (The Star)

Toyo Ventures Explores Trading In Water-Based Inks (Business Today)

UUE Secures Largest Contract From Singapore Valued At RM28 Million (Business Today)

MYEG, China’s Beitou IT Innovation To Launch Flagship China-ASEAN AI Lab In Malaysia (Business Today)

SkyWorld inks MOU to explore joint development of residential project in Vietnam with landowner (The Edge)

TXCD bags RM85.5 mil subcontract for construction job in Subang Jaya (The Edge)

YNH Property launches governance reforms, highlights progress at RM771m JV project (The Edge)

Paragon Globe partners with GreenRE to boost green building initiatives (The Star)

SFP Tech to acquire stake in RPM Holdings to expand into new markets (The Star)

Fibromat Aims To Raise RM17.8 Million For ACE Market Transfer (Business Today)

Friday, 11 Apr 2025 Entitlement Announcement
6:04PM LEONFB Final Dividend
5:25PM LBS First Interim Dividend
5:24PM LBS Final Dividend

[winston]

Market News on 15 APRIL 2025

Dow jumps 300 points, S&P 500 closes higher as tech shares rise after tariff exemptions (CNBC)

Treasuries Snap Five-Day Selloff as Tariff Reprieve Lifts Mood (Bloomberg)

Trump says looking at electronics supply chain in national security tariff probe (Reuters)

US begins probes into pharmaceutical, chip imports, setting stage for tariffs (Reuters)

US Treasury chief holds out hope for China tariff deal, warns duties 'not a joke' (Reuters)

China's March imports of soybeans, iron ore drop; crude oil rises (Reuters)

OPEC cuts global oil demand growth forecasts, citing US tariffs (Reuters)

Tengku Zafrul: Malaysia’s economy stays strong, govt to handle US tariff via multilateral strategy (TheStar)

MACC Clears Able Global And CEO After Investigation (Business Today)

GIIB Holdings And Global Enviro Forge Strategic Alliance To Drive Circular Economy Innovation (Business Today)

Systech Forges Strategic Pact With BDIB And PKB To Drive Cross-Border AI And Digital Integration (Business Today)

Jentayu Inks 40-Year Power Purchase Deal With Sabah Electricity (Business Today)

Theta Edge’s RM46m share subscription with Threadstone terminated after deadline lapse (Malaysian Reserve)

Cahya Mata awaiting Sarawak govt nod for second clinker line (The Edge)

TXCD seeks six-month extension from Bursa for regularisation plan submission (The Edge)

Pestec fails to block arbitration over its guarantee in terminated Gemas-JB rail project subcontract (The Edge)

Bursa To Suspend And De-List Reach Energy By 24 April (Business Today)

Egg seller Hock Soon Capital seeks Main Market IPO to fund farm expansion (The Edge)

Pan Merchant To Be Listed On ACE Market In 2Q25 (Business Today)

Plastic powder supplier Polymer Link eyes ACE Market listing (The Edge)

Monday, 14 Apr 2025 Entitlement Announcement
6:05PM DKSH Final Dividend
5:47PM VSTECS-CD Adjustment
5:14PM CCK Final Dividend

[winston]

Market News on 16 APRIL 2025

S&P 500 falls marginally Tuesday as tariff volatility subsides (CNBC)

US import prices muted, but tariffs loom over inflation (Reuters)

Trump Presses China to Make Tariff Offer to Calm Trade War (Bloomberg)

US tariffs may cost chip equipment makers more than $1 billion, industry estimates (Reuters)

Nvidia faces $5.5 billion charge as US restricts chip sales to China (Reuters)

Global banks cut China growth forecasts as trade war deepens (Reuters)

Malaysia keeps May crude palm oil export duty at 10%, lowers reference price (TheStar)

Scope Industries to sell manufacturing unit for RM96.7m, eyes plantation expansion and dividend payout (Malaysian Reserve)

Magma Group says Tioman land acquisition deals have lapsed, no financial impact on company (Malaysian Reserve)

Mayu Global says bank accounts frozen in money laundering probe; director released with no charges filed (Malaysian Reserve)

Keyfield To Acquire Cable Laying Barge For RM90 Million And Secures Immediate Job (Business Today)

Binastra Makes Maiden Entry Into Johor After Securing Projects Worth RM458.5 Million (Business Today)

Kerjaya Prospek Wins Another E&O Contract Valued At RM98.1 Million (Business Today)

Skygate Solutions buys 51% stake in engineering firm from MOF Inc unit and founder for RM10.7m (The Edge)

Aurelius Technology (ATECH) proposes two-for-one bonus issue with free one-for-one warrants (The Edge)

TCS Group's new executive director Frankie Ng becomes third largest shareholder after buying shares from founder (The Edge)

TNB secures RM705mil maintenance contract for Sabiya Power Plant in Kuwait (The Star)

Eco-Shop Inks Underwriting Agreement For Main Market Listing (Business Today)

M&A Securities, Affin Hwang to underwrite Signature Alliance Group's IPO (The Edge)

Tuesday, 15 Apr 2025 Entitlement Announcement
6:14PM RHONEMA Final Dividend
6:08PM SIGN Offer for Sale

[winston]

Market News on 17 APRIL 2025

Dow drops nearly 700 points, Nasdaq tumbles 3% in tech-driven sell-off (CNBC)

US manufacturing output slows in March; tariffs cloud hangs over factories (Reuters)

Trump administration levies up to 245% tariff on China (YahooFinance)

Fed’s Powell indicates tariffs could pose a challenge between controlling inflation, boosting growth (CNBC)

Powell says Fed remains in wait-and-see mode; markets processing policy shifts (Reuters)

Global trade outlook has ‘deteriorated sharply’ amid Trump tariff uncertainty, WTO warns (CNBC)

China's economic growth beats expectations, but US tariff shock looms large (Reuters)

Malaysia-China Sign 31 MOUs Covering Various Areas (Business Today)

Affin shareholders approve all AGM resolutions, propose bonus issue amid strong FY24 PERFORMANCE (TheStar)

Sapura Energy Secures Close To RM100 Million Worth Boat Charter Contracts (Business Today)

Capital A Targets To Complete Exercise By June 2025 (Business Today)

Nextgreen IOI Pulp Partners HK Firm To Develop Malaysia’s First Integrated Pulp Production Facility (Business Today)

PN17 Listed Majuperak Seeks Another 12 Months To Submit Regularisation Plan (Business Today)

Rexit extends agreement with Great Eastern Takaful for two more years (Malaysian Reserve)

SkyWorld secures prime Mont Kiara land for RM110m high-end project (Malaysian Reserve)

Ivory Properties aborts land disposal deal with Chin Hin following liquidation of subsidiary(The Edge)

Golden Land exits two Indonesian palm oil units for RM151.5m after six years (The Edge)

Bina Puri announces boardroom changes, founder director Tan Cheng Kiat retires (The Edge)

OCK shareholders approve RM91 mil investment in large-scale solar plant (The Edge)

ACE Market-Bound ASM Inks Underwriting Agreement With M&A Securities (Business Today)

Tile and stone distributor BMS Holdings plans ACE IPO to fund expansion (The Edge)


Wednesday, 16 Apr 2025 Entitlement Announcement
7:22PM AFFIN Bonus Issue
5:20PM KHJB Final Dividend
5:04PM ZHULIAN First Interim Dividend
1:03PM DIN045801028 Profit Payment

[winston]

Market News on 18 APRIL 2025

S&P 500 ekes out a gain, Dow tumbles 500 points to post three-day losing run (CNBC)

Trump again calls for Fed to cut rates, says Powell’s ‘termination cannot come fast enough’ (CNBC)

Trump says Fed's Powell will leave if he asks him; Powell has said he won't (Reuters)

Trump Says He Is Reluctant to Keep Raising Tariffs on China (Bloomberg)

ECB Cuts Interest Rates Again as Trump Tariff Fears Threaten Recovery (Bloomberg)

China targets U.S. services and other areas as it decries ‘meaningless’ tariff hikes on goods (CNBC)

Fitch Cuts World Economic Growth, Lowers China And US For 2025 (Business Today)

IMF's Georgieva says both US, China have trade grievances (Reuters)

MITI Minister Tengku Zafrul To Meet Top US Trade Rep Jamieson Greer On 24 April (Business Today)

Abang Johari: Sarawak buying AmBank stake mere speculation (TheStar)

Sunsuria Enters Kwasa Damansara With A RM492 Million GDV Residential Project (Business Today)

T7 Global Appointed EPCC Contractor For Petronas Remote Operations (Business Today)

Solarvest, HSS Engineering And Shizen Receive Green Incentive For Solar PV Project (Business Today)

MN Holdings bags RM180m substation EPC deal for data centre project (Malaysian Reserve)

Meta Bright secures zero capex solar deal with Best Fresh Mart (Malaysian Reserve)

Chin Hin Group Property enters RM1b JV for KLCC 2 project with Fiamma (Malaysian Reserve)

Hextar Technologies to emerge as Widad’s largest shareholder following Nilai land injection (The Edge)

Eddie Ong ceases to be substantial shareholder of Perak Transit (The Edge)

Urusharta Jamaah ceases to be substantial shareholder in NEXG (The Edge)

NationGate AI server sale shielded from Nvidia's top chip export ban to China, says MD (The Edge)

ACE-Market Bound WTEC Group’s IPO Oversubscribed By 1.61 Times (Business Today)

SPB Development Reschedules IPO Due To Market Uncertainties (Business Today)

Thursday, 17 Apr 2025 Entitlement Announcement
7:00PM WANGZNG Final Dividend
7:00PM CHGP Bonus Issue
6:43PM SEM Interim Dividend
5:33PM CITAGLB Bonus Issue
5:17PM CITAGLB Final Dividend

[winston]

Market News on 21 APR 2025

Trump studying whether to fire Fed Chair Powell, adviser says (Reuters)

China's export controls are curbing critical mineral shipments to the world (Reuters)

Oil prices slip 1% after progress in US-Iran talks (Reuters)

Johor-Singapore Special Economic Zone (JS-SEZ) To Become ASEAN’s New Investment Hub: MITI (Business Today)

YTL Power unit wins bid to develop fibre optic along rail lines as RAC breaks industry monopoly (The Edge)

Sime Darby Property unveils Vision Business Park at MVV2.0 with RM2.4bil GDV (The Star)

Jaycorp awards RM41m contract to Wasco for biomass expansion project (The Edge)

Econpile clinches RM35.8m piling, substructure contract for Jalan Ampang project (The Edge)

SD Guthrie, EcoWorld, NS Corp, ink deal to develop RM2.96bil GDV business park (The Star)

ManagePay Inks Deal With ChinaSoft On Smart Transportation And Smart City Solutions (Business Today)

Ho Hup slips into PN17 status after unit defaults on RM113m loan facility (The Edge)

Iris Corp plans internal reorganisation to form new holding company, Iris Group Bhd (The Edge)

Sentoria Group Unit Placed Under Receivership (Business Today)

Careplus plans rights issue to raise up to RM55m for construction of EV assembly plant (The Edge)

Friday, 18 Apr 2025 Entitlement Announcement

6:06PM ORNA Final Dividend
5:52PM OIB Special Dividend
5:45PM YXPM Final Dividend
5:35PM PESONA Final Dividend