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

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Market News on 7 MAY 2025

Dow slides nearly 400 points, S&P 500 falls again as path on trade deals remains unclear (CNBC)

Trump Downplays Trade Negotiations, Says He’ll Dictate Terms (Bloomberg)

US Trade Deficit Widens to a Record on Pre-Tariff Drug Imports (Bloomberg)

US, Chinese officials to hold ice-breaker meeting in Geneva this week (Reuters)

Oil rises 3% on signs of more Europe and China demand, less US output (Reuters)

Malaysia's rubber glove market share in US expected to rise to 55% - Zafrul (The Star)

Kumpulan Jetson gets writ of summons to void shareholders' requisition notice (The Edge)

Capital A will seek to raise US$200mil from Hong Kong listing (The Star)

LFE Corp’s JV Unit Secures RM50 Million DC Subcontract Job From Gamuda (Business Today)

Favelle Favco secures RM43.9m crane supply orders (The Edge)

FGV says no formal notice from Felda on potential takeover or privatisation (The Edge)

Masteel partners Kelington and Utar to develop carbon capture tech for greener steel production (The Edge)

AmBank could potentially replace HLFG in upcoming FBM KLCI review, says CIMB Securities (The Edge)

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Bursa Malaysia to close on May 12 for Wesak Day holiday

Market News on 8 MAY 2025

S&P 500 closes higher in volatile session as traders grapple with Fed and trade developments (CNBC)

Nvidia shares climb on report Trump will end chip export restrictions (Reuters)

Powell Says Fed Can Wait to Adjust Rates, Sees Tariff Risks (Bloomberg)

Trump administration to rescind and replace Biden-era global AI chip export curbs (Reuters)

Trump Says He Won’t Lower China Tariffs to Jump-Start Talks (BLoomberg)

China Lowers Rates and Makes Bank Lending Easier in Response to Tariffs (WSJ)

Palm oil prices to hit 2-year low at RM3,500 per tonne in June-November, analyst Mistry says (The Star)

Malaysia imposes anti-dumping duties on PET polymer imports from China, Indonesia (The Star)

Kumpulan Jetson puts shareholders’ requisition for EGM on hold pending legal outcome (The Edge)

Sarawak Cable to sue unit’s liquidators over alleged misconduct in asset disposal (The Edge)

Capital A gets shareholders' nod for plan to uplift PN17 status (The Edge)

M&G sets up JV co to diversify into O&G engineering segment (The Star)

Pavilion REIT gets approval to acquire Banyan Tree and Pavilion Hotels for RM480mil (TheStar)

Life Water (LWSABAH) plans smart manufacturing line in Sandakan (The Sun)

Pan Merchant inks underwriting agreement for ACE Market listing (The Star)

Malacca Securities to underwrite a third of PMCK’s public issue in its ACE Market IPO (The Edge)

[winston]

Market News on 9 MAY 2025

Dow closes 200 points higher after Trump announces outline of UK trade deal (CNBC)

Global central banks diverge as tariff risks hamper US Fed (Reuters)

Maersk, a bellwether for global trade, cuts container market outlook on U.S.-China tariff tensions (CNBC)

Oil prices rise 3% on support from U.S.-China trade hopes (CNBC)

Bank Negara lowers SRR to 1%, boosting system liquidity (The Star)

Bank Negara holds OPR steady 3% amid stable outlook (The Star)

Petronas Gas to develop 120MW power plant in Labuan with Sabah GLCs (The Edge)

Public Bank raises dividend payout ratio to 60% for 2025, no plans for buybacks or share issuances (The Edge)

Bursa grills Genting Malaysia over US$41m Empire Resorts buyout (The Edge)

TechStore bags RM15.9 mil job to provide IT maintenance support to Malaysian police (The Edge)

Lotte Chemical Titan secures 10-year ethylene supply deal in Indonesia (The Edge)

Citaglobal to pilot telecom and solar projects in East Java under deal with Indonesia’s leading Islamic group (The Edge)

Kerjaya Prospek bags RM162m building job in Johor Bahru (The Edge)

MGRC plans RM42 mil capital reduction, RM2.5 mil private placement (The Edge)

Green Packet plans RM340 mil share capital reduction (The Edge)

MNC Wireless auditor resigns over AOB registration uncertainty (The Malaysian Reserve)

Infraharta subsidiary secures RM17.42mil contract for Kuantan hospital (The Star)

PEOPLElogy’s IPO oversubscribed by 1.24 times (The Star)

Cuckoo Malaysia sets deadline for IPO application withdrawals following rescheduling (The Star)

[winston]

Market News on 14 May 2025

S&P 500, Nasdaq end higher on soft inflation data, trade optimism (Reuters)

U.S. annual inflation rate hit 2.3% in April, less than expected (CNBC)

Trump calls on Fed to cut rates, saying prices of 'practically everything' are down (Reuters)

Trump to Rewrite AI Chip Curbs Reviled by Nvidia and US Allies (Bloomberg)

China to adjust tariff rates on US goods from May 14, says finance ministry (Reuters)

Keyfield Awarded Work Order By Petronas For Provision Of AWB (Business Today)

Kerjaya Wins RM75.5 Million In Suit Against Yong Tai Subsidiary Over Hotel Project Dispute (Business Today)

OM Holdings To Sell 26% Stake In Its Mining Operations For RM430 Million (Business Today)

DNeX bags RM7.8m contract for Saudi’s 2025 Makkah Route Pilgrim project (Malaysian Reserve)

Nestcon secures RM44.1m subcontract for Seremban mixed development (Malaysian Reserve)

Maxis To Acquire U Mobile’s Share In DNB (Business Today)

Uzma bags contract with Petronas Carigali for electric wireline services (Malaysian Reserve )

Petronas Dagangan, Blueshark form JV to accelerate EV bike rollout in Malaysia (Malaysian Reserve)

Nextgreen expands into Libya with exclusive fertiliser deal (Malaysian Reserve)

AGC granted leave to appeal COA ruling allowing UEM Sunrise unit to challenge RM8.49 mil additional tax assessment (The Edge)

Peterlabs suspends executive director for two weeks for internal probe (The Edge)

HLT Global receives RM50.74m counterclaim from customer over glove-dipping machine dispute (The Edge)

Sentoria’s external auditor issues disclaimer of opinion on financial statements; shares to resume trading on May 14 after filing annual report(The Edge)

Oxford Innotech Receives Bursa Approval To List On ACE Market (Business Today)

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Market News on 16 May 2025

S&P 500 Rises as Fed-Cut Bets Sink Treasury Yields (Bloomberg)

US manufacturing output falls in April on weak auto production (Reuters)

Fed's Powell: Strategy around both jobs and inflation needs to be reconsidered (Reuters)

JPMorgan Chase CEO Jamie Dimon says recession is still on the table for U.S. (CNBC)

Trump’s push to break China’s mineral dominance paves the way for a deep-sea gold rush (CNBC)

Global oil supply to rise faster than expected after OPEC+ hike, IEA says (Reuters)

Second Round Malaysia-US Tariff Talks Scheduled For 28-30 May (Business Today)

PeterLabs Shareholders Request EGM To Remove Directors, Propose New Appointments (Business Today)

Aneka Jaringan Bags RM51 Million High-Profile Mixed Development Contract (Business Today)

Aemulus Secures New Orders From Local Automotive Player (Business Today)

LBS Inks MoU With Oriental Holdings For RM7 Billion Mixed-Use Development In Melaka (Business Today)

PJBumi Enters Into Construction Agreement For Onshore Drilling Rigs (Business Today)

Fibromat bags RM283.5 mil road job in Kelantan (The Edge)

Norges Bank ceases to be substantial shareholder of Pentamaster after less than a month (The Edge)

BTM Resources cancels 10MW biomass plant after losing bank funding, shelves another plant (The Edge)

Bintai Kinden says TNB has reinstated three contracts it terminated two years ago (The Edge)

YNH, Sunway REIT extend Aeon Mall Seri Manjung sale by four months, add new conditions (The Edge)

Thursday, 15 May 2025 Entitlement Announcement
6:46PM 99SMART First Interim Dividend
5:52PM DIALOG Interim Dividend
5:21PM KEYFIELD First Interim Dividend
5:16PM ULICORP Interim Dividend

[winston]

Market News on 19 MAY 2025

Wall Street advances on trade hopes, data shows investor pessimism (Reuters)

Moody’s downgrades U.S. credit rating, citing rise in government debt (CNBC)

Bessent Calls Moody’s ‘Lagging Indicator’ of US Fiscal Health (Bloomberg)

Trump pushes US Federal Reserve for rate cuts, criticizes Powell (Reuters)

Trump says US will unilaterally set new tariff rates for scores of countries (TheGuardian)

China slaps anti-dumping duties on plastics from the U.S., EU, Japan, and Taiwan (CNBC)

Malaysia Eyes Deeper Palm Oil Trade Ties With China In Strategic Trade Mission (Business Today)

Malaysia's GDP growth moderates to 4.4% in 1Q, in line with estimates (The Star)

Solar District Cooling (SDCG) signs 21-year solar power purchase agreement (PPA) with Wana Properties in Melaka (The Malaysian Reserve)

Gamuda buying 336-acre land near Gamuda Cove project (The Edge)

South Korea's KNOC joins Hibiscus associate 3D Energi and ConocoPhillip in Australia gas hunt (The Edge)

EG Industries clinches deal to produce AI-related products for US tech firm (The Edge)

Samaiden bags RM108.6 mil EPCC job for large-scale solar project (The Edge)

Samaiden, BTM Resources mutually call off 10MW biomass power plant project (The Edge)

MRCB unit to build RM2.9b Shah Alam sports complex, paid in land and cash (The Edge)

Pekat’s unit bags RM135m TNB contract for power distribution equipment (The Edge)

TNB Awards RM427.5 Million High-Voltage Substation Contract To Hextar Capital (Business Today)

Magma Group forms JV with Chagee to open 300 premium tea outlets in Malaysia (The Malaysian Reserve)

Oasis Home’s ACE Market IPO shares oversubscribed by 0.55 times (The Edge)

Main Market-bound Paradigm REIT aims to raise RM560mil from IPO (The Star)

Friday, 16 May 2025 Entitlement Announcement

5:35PM SENFONG Third Interim Dividend
12:35PM MAXIS First Interim Dividend

[winston]

Market News on 20 MAY 2025

Wall Street stocks finish flat with sentiment weakened by Moody's downgrade (Reuters)

Treasury yields rise, dollar down amid fiscal concerns after US downgrade (Reuters)

Fed officials take cautious view on US markets amid downgrade (Reuters)

Moody's downgrades JPM, BofA and Wells Fargo after US credit rating cut (Reuters)

Qualcomm to make data center processors that connect to Nvidia chips (Reuters)

China Accuses US of Undermining Trade Talks With Warnings Against Huawei Chips (Bloomberg)

Bursa says unauthorised trades that affected 80 accounts on April 24 will be reversed (The Edge)

VSTECS to commercialise AI and GPU solutions with partner Skyvast (The Edge)

Theta Edge’s ex-director Zainal ‘Abidin pares stake below 5% as placement falls through (The Edge)

MACC raids PeterLabs (PLABS) offices over misconduct allegations involving ED (The Malaysian Reserve)

KAB-Sinohydro JV secures RM646.3m EPCC contract to build 120MW power plant in Labuan (The Edge)

TCS Group wins RM217m contract to build apartments in Subang Jaya (The Edge)

MCE Holdings Seals Radar Tech JV With Nanjing Chuhang (Business Today)

Nextgreen enters Libya market with bio-fertiliser export (The Malaysian Reserve)

Kinergy JV wins RM646.3m EPCC contract for 120MW power plant in Labuan (The Malaysian Reserve)

Betamek And SiGenex To Develop AI-Integrated Genomics Diagnostics Platform (Business Today)

Monday, 19 May 2025 Entitlement Announcement

6:33PM OPENSYS Second Interim Dividend
6:02PM TALIWRK First Interim Dividend
5:40PM GKENT Second Interim Dividend
5:25PM JPG Interim Dividend

[winston]

Market News on 21 MAY 2025

Wall Street stocks slip, rising US Treasury yields in focus (Reuters)

Moody's downgrade ripples through bond market, causes worries for stocks (Reuters)

China cuts benchmark lending rates for the first time in 7 months in Beijing’s growth push (CNBC)

US tariffs on solar gear from SE Asian countries, including Malaysia, hit up to 3,521% after panel vote (Bloomberg)

Oil Surges on Report Israel Is Preparing to Strike Iran (Bloomberg)

SunCon bags RM260 mil contract for final phase of Johor data centre project (The Edge)

IHH Unit Raises Claims In Lawsuit Against Daichi In Japan (Business Today)

Velesto secures NAGA 4 contract in Vietnam beginning 2026 (The Edge)

Malakoff inks second solar power deal with Hicom Automotive (The Edge)

TNB, Malakoff emerge as front-runners in gas plant tender (The Malaysian Reserve)

Eversendai secures RM1.3bil in contracts (The Star)

Kumpulan Jetson board shakeup vote set for June 18 (The Malaysian Reserve)

EcoWorld, SD Guthrie and NS Corp cement partnership to develop RM3b industrial park in NS (The Malaysian Reserve)

Sapura Industrial (SAPIND) inks deal formalising JV with China’s Zhejiang Zhongze to produce battery components in Malaysia (The Edge)

Samaiden secures RM45m EPCC contract for LSS5 solar project in Kedah (The Malaysian Reserve)

Sin-Kung Logistics launches Sin-Kung Airways, expands into air cargo and private jet charters (The Star)

MOH grants Duopharma six-month contract extension for insulin supply (The Edge)

Bina Puri hit with winding-up petition over RM309,129 debt (The Edge)

Sarawak Cable to be suspended on May 28; possible delisting on May 30 (The Edge)

Annum to be suspended from May 28, risks delisting as deadline extension for regularisation plan rejected (The Edge)

Tuesday, 20 May 2025 Entitlement Announcement

6:49PM SUNCON First Interim Dividend
6:49PM INARI Third Interim Dividend
6:26PM EITA Interim Dividend
5:57PM SPTOTO Third Interim Dividend
5:15PM TEOSENG First Interim Dividend
5:09PM FPGROUP Interim Dividend
5:06PM AUTORIS Interim Dividend

[winston]

Market News on 23 MAY 2025

Wall Street stocks end mostly flat in choppy trade as Treasury yields ease (Reuters)

US labor market stable in mid-May; slowdown is looming due to tariffs (Reuters)

US Treasuries sell-off remains orderly, IMF says (Reuters)

Bond Market Warns Trump, Congress on Dangers of Swelling Deficit (Bloomberg)

Malaysia's inflation increased 1.4% in April 2025 - DoSM (The Star)

Enra inks deal to collaborate with Italian shipbuilder on new naval vessels (The Edge)

MN Holdings says RM38m waste-to-energy project awarded by Idiqa (The Edge)

DRB-Hicom to focus on advancing digital transformation (The Star)

Dayang bags third Petronas Carigali contract this year, reports lower 1Q profit (The Edge)

Uzma Secures Landmark National Remote Sensing Satellite Project (Business Today)

Advancecon bags RM47.5m subcontract job to build data centre for Gamuda in Port Dickson (The Edge)

Dnex unit inks HoA with Shanghai firm to explore cross-border trade solutions (The Star)

Symphony Life plans RM23.5m private placement to fund RM5.3b JV project (The Malaysian Reserve)

Meta Bright collaborates with ChargeHere EV solution, eyeing expansion into EV charging infrastructure (The Sun)

Mesiniaga bags RM251.9mil government contract (The Star)

Pharmaniaga gets three months extension to implement regularisation plan (The Star)

Barakah faces suspension May 30, delisting June 4 (The Malaysian Reserve)

Shares in ICT Zone Asia's ACE Market IPO oversubscribed by 1.89 times (The Edge)

MaiStorage Technology targets Bursa Malaysia listing by 2028 (The Edge)

Thursday, 22 May 2025 Entitlement Announcement

6:18PM HEXIND First Interim Dividend
6:16PM MENANG Interim Dividend
6:15PM BJCORP-LE Interest Payment
6:15PM BKAWAN Interim Dividend
6:13PM YTLPOWR Interim Dividend
5:48PM RCECAP Second Interim Dividend
5:47PM MOBILIA First Interim Dividend
5:42PM KLK Interim Dividend
5:42PM TAANN First Interim Dividend
5:42PM PECCA Third Interim Dividend
5:19PM DLADY First Interim Dividend
5:11PM PMETAL First Interim Dividend
1:12PM ELKDESA Interim Dividend
12:35PM CDB First Interim Dividend

[winston]

Market News on 26 MAY 2025

Wall St falls as Trump tariff threats spark market uncertainty (Reuters)

Trump delays 50% tariffs on EU to July 9 (CNBC)

US equity funds face weekly outflows on debt concerns, rising yields (Reuters)

US labor market stable in mid-May; slowdown is looming due to tariffs (Reuters)

Nvidia to launch cheaper Blackwell AI chip for China after U.S. export curbs, Reuters reports (CNBC)

Malaysia Accelerates Clean Energy Push With Solar, Biogas Initiatives, Says Deputy PM (Business Today)

Eco-Shop Marketing targets 15-20% revenue, Patami growth in 2025 (The Sun)

Eco World International eyes first Malaysia project in landmark tie-up with JLand Group (Malaysian Reserve)

Mitrajaya bags RM70m contract to build 8-storey training & recreational facility in Langkawi (Malaysian Reserve)

Advancecon wins RM68.5m earthworks contract from Sime Darby Property (Malaysian Reserve)

NEXG inks MoU with LUN Partners to accelerate global expansion of fintech and cybersecurity solutions (Malaysian Reserve)

FGV to acquire full ownership in eight subsidiaries for RM229.75mil (The Star)

IJM Corp gets approval for RM1.4bil New Pantai Highway extension and toll restructuring (The Star)

Velesto secures new drilling contract in Indonesia (The Star)

Magna Prima in JV for JB SoHo project (The Edge)

Ho Wah Genting aborts plan to raise RM4m via private placement (The Edge )

InNature seeks to acquire The Body Shop in Singapore (The Edge)

Signature Alliance’s IPO shows strong demand with 1.12 times subscription rate (The Star)

Friday, 23 May 2025 Entitlement Announcement
6:51PM FOCUSP First Interim Dividend
6:50PM SAPIND Final Dividend
6:12PM SKYWLD Final Dividend
5:18PM SAM First Interim Dividend
5:13PM KLCC Income Distribution
5:08PM KLCC First Interim Dividend
5:03PM HIBISCS Fourth Interim Dividend
1:13PM PETDAG Interim Dividend