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

[winston]

Market News on 20 MAY 2024

Dow ends above 40,000 milestone, indexes notch up weekly gains (Reuters)

US regulators reconsider capital hike for big banks, WSJ reports (Reuters)

China to cut mortgage interest rates, home down-payment ratio to boost demand (Reuters)

BNM States Malaysia’s Economy Registered A Higher Growth Of 4.2% In First Quarter 2024 (Business Today)

Mokhzani Mahathir is stepping down as chairman of Maxis (The Star)

Epicon secures RM50m contract for structural reinforced concrete works (The Edge)

Malayan Flour Mills earmarks RM300mil capex for FY24 (The Star)

ITMAX secures RM105.3 mil variation order from DBKL (The Edge)

NationGate secures SC nod for transfer to Main Market (The Edge)

Destini Served Claim Notice Of RM15 Million By Dutch Shipping Company (Business Today)

Ho Hup Files For Judicial Management Order To Protect Subsidiary From Winding Up (Business Today)

ACE Market-listed Pappajack seeks transfer to Main Market (The Edge)

GIIB says it's unaware of any forged interim financial statements as ex-director charged (The Edge)

Sarawak Cable says has found alternative white knight to Serendib (The Edge)

Kawan Renergy's 27.5 mil IPO shares for public oversubscribed by 95 times (The Edge)

BWYS inks underwriting agreement with M&A Securities for ACE Market IPO

Friday, 17 May 2024 Entitlement Announcement

6:49PM EITA Interim Dividend
12:33PM MAXIS First Interim Dividend

[winston]

Market News on 21 MAY 2024

Nasdaq, gold scale all-time highs amid cautious Fed comments (Reuters)

Fed policymakers still cautious on inflation and policy (Reuters)

Microsoft announces new PCs with AI chips from Qualcomm (CNBC)

China's fiscal revenue shrank 2.7% in Jan-April amid shaky economic recovery (Reuters)

Copper hits record above US$11,000 on bets of impending shortage (Bloomberg)

DOSM: Malaysian Exports Rebounded With Growth Of 9.1% In April 2024, Chipping In 12.1% Total Trade Rise (Business Today)

Foreign investors stay net buyers on Bursa Malaysia at RM873.9mil (The Star)

Bursa Malaysia introduces trading reminders in addition to UMA queries (The Star)

SunCon secures RM1.72bil in new orders for 1Q24 (The Star)

Teladan to launch projects with RM1.2bil GDV (The Star)

Opensys to cultivate new revenue streams alongside core biz expansions (The Star)

Binastra MD offloads 6% stake for RM36 mil (The Edge)

Fugitive businessman Ricky Wong trims stake in Bright Packaging amidst legal woes with SC (The Edge)

EP Manufacturing makes bold EV venture (The Malaysian Reserve)

OCK Partners SenseTime In Offering AI Driven Solutions To Customers (Business Today)

Coastal Contracts secures vessel sale and 5-year charter extension (The Star)

MAHB (AIRPORT) Sees 7.6% Rise In Passenger Traffic To 11 Million In April (Business Today)

Sunview partners with Yashil Energiya to explore RE business in Uzbekistan (The Edge)

Annum’s largest shareholder Chin Kok Foong exits group after selling 15% stake to Ageson's Larry Liew (The Edge)

Hubline confirms talks to acquire Ekuinas' Orkim (The Edge)

Monday, 20 May 2024 Entitlement Announcement

6:29PM OPENSYS Second Interim Dividend
5:53PM BKAWAN Interim Dividend
5:36PM MENANG Special Dividend
5:33PM SUPREME First Interim Dividend
5:14PM KLK Interim Dividend

[winston]

Market News on 23 MAY 2024

US stocks close down, oil tumbles after Fed minutes; Nvidia reports (Reuters)

Federal Reserve minutes indicate worries over lack of progress on inflation (CNBC)

Nvidia's strong forecast lifts shares of AI chipmakers (Reuters)

US says tariff increases on Chinese EVs, batteries and chips to start Aug. 1 (Reuters)

Govt To Start Targeted Fuel Subsidy On Diesel In Peninsular First (Business Today)

MAHB (AIRPORT) shareholder expresses doubt over takeover bid (The Star)

Skyworld plans RM1bil worth of projects (The Star)

Advancecon Secures Sime Darby Shah Alam Project Worth RM25 Million (Business Today)

With patent restriction over, JF Technology set to regain foothold in US market (The Edge)

Pos Malaysia to sell non-core shipping unit for RM123m (The Edge)

Hong Seng revisits potential glove business expansion, but on smaller scale (The Edge)

Apollo’s public spread back in compliance after Scoop Capital sells 4% stake (The Edge)

Magma plans to raise RM100 mil via redeemable convertible note issuance (The Edge)

KNM receives nomination for new directors ahead of June 6 AGM (The Edge)

SL Innovation appoints KAF IB as new adviser, sponsor for ACE Market listing transfer (The Edge)

Tuesday, 21 May 2024 Entitlement Announcement

6:04PM SWKPLNT First Interim Dividend
5:47PM SKYWLD Final Dividend
5:25PM KAREX Interim Dividend
5:16PM FIMACOR Second Interim Dividend
5:10PM SENFONG Bonus Issue
1:18PM PETDAG Interim Dividend
12:51PM CEB First Interim Dividend
12:40PM HIBISCS Third Interim Dividend

[winston]

Market News on 24 MAY 2024

Dow falls 600 points in worst day of 2024 as Nvidia's earnings fail to lift broader market (CNBC)

JPMorgan’s Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’ (CNBC)

JP Morgan Raises China’s 2024 Growth Forecast To 5.2% (Business Today)

US labor market remains strong; housing market losing momentum (Reuters)

Malaysia’s Vibrant Semiconductor Sector Boosts Regional Trade, PM Anwar Tells Japan (Business Today)

Sime Darby Property enters RM2b build and lease agreement for data centre (The Malaysian Reserve)

PTT Synergy eyes bringing warehousing leasing business to Penang semicon player (The Edge)

HSS Engineers Bhd to pursue contemporary digital techniques to enhance its core expertise (The Star)

Deleum to achieve growth via partnerships, technology and improved efficiency (The Star)

Former KNM director Flavio Porro joins AHB’s board (The Edge)

Malakoff acquires stake in two RE companies for RM27 mil (The Edge)

Carimin acquires RM23.4 mil crew boat to expand marine support services (The Edge)

BFood In The Red For Q1 Affected From Boycott, Disposes Jollibean Stake (Business Today)

Zantat aims to expand bioplastic product line (The Star)

Nationgate shares to transfer to Main Market on May 24 (The Star)

Thursday, 23 May 2024 Entitlement Announcement

7:09PM FAJAR Interim Dividend
6:32PM FOCUSP Interim Dividend
6:32PM YOCB Interim Dividend
6:20PM INARI Third Interim Dividend
6:01PM YTLPOWR Interim Dividend
6:00PM MCEMENT Interim Dividend
6:00PM BJCORP-LE Interest Payment
5:39PM KGB First Interim Dividend
5:38PM KLCC Income Distribution
5:34PM AMWAY Interim Dividend
5:30PM KLCC First Interim Dividend
5:29PM MAXIM First Interim Dividend
5:29PM PTRANS Second Interim Dividend
5:28PM INNO First Interim Dividend
5:23PM 3A Interim Dividend
5:06PM BAT Interim Dividend
1:00PM ZANTAT First Interim Dividend
12:59PM ELKDESA Interim Dividend

[winston]

Market News on 27 MAY 2024

Nasdaq closes Friday at record high as Nvidia and the AI trade rallies on (CNBC)

US's Yellen expresses concern over rising living costs, FT says (Reuters)

US equity funds see massive weekly inflows on rate cut expectations (Reuters)

Japan issues fresh warning on yen drops, signals readiness to intervene (Reuters)

Malaysia airport privatisation deal clouded by protests over Gaza war (Reuters)

Sabah EC Opens Large Scale Solar Bid, Encourages Local Companies To Take Part (Business Today)

Agmo Continues To Ride The Digital Wave (Business Today)

Favelle To Build Warehouse In Australia For RM124 Million (Business Today)

Gamuda secures two hyperscale data center related contracts worth RM1.7b (Malaysian Reserve)

Silver Ridge bags RM169m contract for Melaka Cruise Terminal (Malaysian Reserve)

Panda to capitalise on new opportunities including e-invoicing (The Star)

Aneka Jaringan bags RM22.5mil subcontract from IJM construction (The Star)

Malakoff targets 15% biomass co-firing in Tanjung Bin power plant by 2027 (The Edge)

TRC Synergy bags RM142 mil subcontract to 'transform' state legislative building (The Edge)

Aeon Bank officially launches Malaysia’s first Islamic digital bank (The Edge)

MSM sues Generali Insurance for RM42.8 mil over rejected insurance claim (The Edge)

TSR Capital gets full adjudication sum in dispute over payments withheld with YTL's unit as Fed Court rules in its favour (The Edge)

Johor Plantation Group Signs Retail Underwriting Agreement With 4 Banks (Business Today)

Friday, 24 May 2024 Entitlement Announcement

7:35PM TCHONG Interim Dividend
7:01PM SUNSURIA Interim Dividend
6:34PM MINOX First Interim Dividend
6:07PM SPTOTO Third Interim Dividend
5:53PM CARIMIN First Interim Dividend
5:52PM BPPLAS First Interim Dividend
5:40PM DESTINI Share Consolidation
5:39PM DESTINI-WB Adjustment
5:38PM RGTBHD Share Consolidation
5:38PM SDS Fourth Interim Dividend
5:37PM MTAG Second Interim Dividend
5:31PM RCECAP Second Interim Dividend
5:28PM VITROX Bonus Issue
5:20PM GFM Interim Dividend
5:11PM PPJACK First Interim Dividend
5:07PM ALSREIT Income Distribution
5:06PM ALAQAR Income Distribution
5:06PM CAPITALA-LA Profit Payment

[winston]

Market News on 28 MAY 2024

China's industrial profits rise 4.3% in Jan-April, unchanged from Q1 (Reuters)

China sets up third fund with $47.5 bln to boost semiconductor sector (Reuters)

Oil rises 1% ahead of inflation data after downbeat week (Reuters)

Govt Giving Private Diesel Vehicle Owners In B40, M40 Group RM200 Per Month (Business Today)

Kimlun Awarded RM143 Million Construction Contract By Melia Spring (Business Today)

Creador Looking To Invest In CCK’s Frozen Food Unit (Business Today)

Inta Bina Bags RM198 Million Job To Build 3 Apartment Blocks For SDP (Business Today)

Pesona Metro Awarded RM410 Million Contract To Build 2 Apartment Blocks In Bukit Jalil (Business Today)

YTL Power, Ranhill Request For Suspension Of Trading (Business Today)

UEM Sunrise Eyes Developments In Western Australia With GDV Of RM1.3 Billion (Business Today)

MGB Secures RM189.35 Million Contract For Industrial Development In Selangor (Business Today)

Powerwell Receives PO’s From An MNC Data Centre Client Worth RM57.6 Million (Business Today)

Kerjaya Prospek lands RM568m Penang reclamation, dredging works (Malaysian Reserve)

NTTD Japan to acquire 58.73% stake in GHL Systems, extends RM1.08/share takeover offer (The Star)

Meta Bright, ChemPartner ink pact to develop pharmaceutical, biotech hub in M'sia (The Edge)

EPB Group gets nod from Bursa for ACE Market IPO (The Edge)

Cropmate files for ACE Market IPO (The Edge)

Monday, 27 May 2024 Entitlement Announcement

6:51PM KPPROP Third Interim Dividend
6:44PM LAYHONG Interim Dividend
6:04PM KPJ Interim Dividend
5:56PM TEKSENG Interim Dividend
5:42PM TECHBND First Interim Dividend
5:36PM BNASTRA Bonus Issue
5:35PM MPHBCAP Interim Dividend
5:27PM KEYFIELD First Interim Dividend
5:24PM TAANN First Interim Dividend
5:17PM GDEX First and Final Dividend
5:12PM DLADY First Interim Dividend
5:10PM BONIA Interim Dividend
1:09PM AMBANK Final Dividend
12:47PM MATRIX Fourth Interim Dividend

[winston]

Market News on 29 May 2024

Nasdaq closes above 17,000 for the first time, Dow slides more than 200 points (CNBC)

US consumer confidence recovers; inflation worries persist (Reuters)

Fed's Kashkari wants significant progress on inflation before rate cuts (Reuters)

US tariffs on Chinese medical imports face industry doubt as alternative suppliers emerge (Reuters)

Wall Street Returns to T+1 Stock Trading After a Century (Bloomberg)

Govt allocates RM25b for National Semiconductor Strategy (The Edge)

Malaysia’s Terms Of Trade Fell 1% In April Led By Mineral Fuels (Business Today)

Malaysia Overtakes Thailand As Second Biggest Automotive Market In Southeast Asia (Business Today)

Unitrade, FSBM Join To Expand Propriety Equipment’s Into Southeast Asia (Business Today)

IHH Healthcare Eyes Indonesia For Expansion (Business Today)

Ageson secures RM54.33m construction subcontract in Sabah (The Edge)

Pestech files counterclaim against YTL unit in Gemas-JB double track dispute (The Edge)

Aurelius (ATECH) plans to raise RM123 mil via private placement for manufacturing plant, posts record-high quarterly net profit (The Edge)

MPHB Capital gets privatisation offer at RM1.70 per share (The Edge)

YTL Power* unit SIPP buys 31.4% stake in *Ranhill, triggers general offer at 99.5 sen per share (The Edge)

Southern Score Builders (SSB8) gets UMA query after shares rose to all-time high (The Edge)

Fajarbaru gets RM15.71mil contract extension from Australian Department of Defence (The Star)

Well Chip signs underwriting agreement with Kenanga, CGS for Main Market IPO (The Edge)

UUE Holdings Unveils IPO Prospectus To Raise RM29.98 Million (Business Today)

Tuesday, 28 May 2024 Entitlement Announcement

6:58PM MEDIAC Interim Dividend
6:52PM ATECH First Interim Dividend
5:30PM WELLCAL Second Interim Dividend
5:25PM EFORCE First Interim Dividend
5:14PM MAGNUM First Interim Dividend
1:25PM SIGN Interim Dividend
12:38PM CDB First Interim Dividend

[winston]

Bursa Malaysia to close on June 3 for King's birthday

Market News on 31 MAY 2024

Nasdaq falls 1%; Salesforce shares weigh on tech (Reuters)

Consumers curb US economic growth in first quarter, inflation cools (Reuters)

Fed officials see inflation falling, signal no rush to cut rates (Reuters)

Google Commits RM9.4 Billion Investment In Malaysia For Data Centre (Business Today)

Keyfield Receives Appointment As Panel Contractor To Petronas (Business Today)

HSSEB Lands Cambodia Highway Job Worth RM15 Million (Business Today)

Mah Sing enters data centre market, strikes JV with Bridge Data Centre (Malaysian Reserve)

Kinergy (KAB) secures RM29.5mil engineering contract (The Star)

Ramssol inks strategic partnership with Ramco Systems to expand market share (The Star)

Press Metal to capitalise on green market preferences (The Star)

Dutch Lady RM540mil factory set to begin ops (The Star)

RGB International bags RM382m contract from Philippine state casino regulator; declares six sen dividend (The Edge)

Vizione bags RM750 mil related-party contract for apartment construction job (The Edge)

YTL Cement to offload 5% stake in Malayan Cement for RM325 mil (The Edge)

Cheah family’s private vehicle putting up 3.52% Sunway stake for sale at RM704 mil (The Edge)

Boost Bank set for June 6 launch — Axiata (The Edge)

ANZ to sell remaining 5.17% stake in AMMB for up to RM701 mil (The Edge)

Serba Dinamik to be delisted on June 5 after failing to get more time to submit regularisation plan (The Edge)

Agricore starts taking orders for RM25.9m IPO (The Edge)

Thursday, 30 May 2024 Entitlement Announcement

7:32PM THETA First and Final Dividend
7:02PM PANAMY Final Dividend
6:14PM SCICOM Third Interim Dividend
6:13PM SAPIND Final Dividend
6:00PM TPC First Interim Dividend
5:56PM LSH Interim Dividend
5:50PM DSONIC Fourth Interim Dividend
5:27PM JKGLAND First and Final Dividend
5:21PM PADINI Fourth Interim Dividend
5:21PM PADINI Special Dividend
5:19PM OPPSTAR Second Interim Dividend
5:19PM ASIABRN Final Dividend
5:08PM ANNJOO-PA First Interim Dividend
5:06PM AME Interim Dividend
5:05PM OMESTI-PB Others
5:05PM PMETAL First Interim Dividend

[winston]

Market News on 4 JUN 2024

Dow slips on weaker economic data, slump in energy (Investing.com)

U.S. crude oil falls more than 3% as OPEC+ plans to phase out voluntary production cuts (CNBC)

China's factory activity unexpectedly dips as property pain persists (Reuters)

National Semiconductor Strategy (NSS) Could Propel Malaysia Into A US$1 Trillion Semicon Industry Powerhouse (Business Today)

MAHB Investors Advised To Take The RM11 Buyout Offer (Business Today)

Nor Azam M Taib to step down as MBSB Bank CEO (The Edge)

WCT set to gain from major infrastructure projects (The Star)

UEM Sunrise and Logos sign MOU to develop data centre campus in Johor (The Edge)

OCK Becoming Regional Player In 5G And AI (Business Today)

Independent adviser tells SEG shareholders to reject takeover offer (The Edge)

Tex Cycle plans private placement to raise RM32 mil to build waste management facility in Sabah (The Edge)

Friday, 31 May 2024 Entitlement Announcement

7:05PM INFOTEC Final Dividend
6:10PM NATGATE Interim Dividend
5:55PM ABLEGLOB First Interim Dividend
5:30PM PCCS Second Interim Dividend
5:13PM NOTION Interim Dividend
5:11PM GKENT Second Interim Dividend
12:42PM HIL First and Final Dividend

[winston]

Market News on 6 JUN 2024

S&P 500, Nasdaq close at record highs as data supports Fed easing (Reuters)

ECB to begin cutting rates even as inflation fight continues (Reuters)

Rising US Debt Load Poses a Growing Risk for Treasury Market (Bloomberg)

Nvidia overtakes Apple as No. 2 most valuable company (Reuters)

UEM Group unit inks agreement to develop 500 MW hybrid solar power plant (The Edge)

Swiss banking group UBS ceases to be substantial shareholder of YTL Corp (The Edge)

Suria Capital inks JV agreement for mixed commercial project in Kota Kinabalu (The Edge)

Sapura Resources (SAPRES) unit to explore collaboration with Nilai Uni (The Star)

Wasco optimistic about its pipe-coating business (The Star)

Nestcon unit secures RM3.6m contract to install solar PV system (The Edge)

Pharmaniaga Stays On Course For Indonesia Expansion (Business Today)

Sarawak Cable sued by Serendib Capital over termination of white knight agreement (The Edge)

XOX plans for 30-to-1 share consolidation after proposing capital reduction (The Edge)

Kucingko signs underwriting agreement with Kenanga for ACE Market IPO (The Edge)

FTSE Bursa Msia KLCI Effective 24 June :
Inclusion : Sunway
Exclusion : AMMB

Wednesday, 5 Jun 2024 Entitlement Announcement

7:32PM PWORTH Bonus Issue
5:30PM UOADEV Final Dividend (with Dividend Re-Investment Plan)