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

[winston]

Market News on 2 AUG 2024

Stocks slump in August kick-off as data reignites slowdown worries (Reuters)

US weekly jobless claims highest in nearly a year amid summer volatility (Reuters)

Intel to cut 15% of workforce, reports quarterly guidance miss (CNBC)

Amazon shares slide on revenue miss, disappointing guidance for third quarter (CNBC)

New US rule on foreign chip equipment exports to China to exempt allies (Reuters)

Ringgit expected to strengthen further, driven by economic growth, govt initiatives - Amir Hamzah (The Star)

MN Holdings bags RM86 mil substation job from TNB (The Edge)

Mitrajaya bags RM37.91m construction job in KL (The Edge)

Capital A submits EGM circular to Bursa for proposed disposals; eyes completion by December 2024 (Bernama)

AirAsia X enters next phase of acquiring Capital A’s aviation business (The Star)

Digistar hopes pay-TV venture will aid in turnaround after seven years of losses (The Edge)

Pekat buys 60% stake in local switchgears supplier for RM96m (The Edge)

Aeon Credit invests RM100m in Aeon Bank, maintains 50% equity interest (The Malaysian Reserve)

CTOS confident its solutions will help accelerate digital economy (The Star)

Asdion classified as GN3 company, given 12 months to submit regularisation plan (The Edge)

Nova MSC Secures Strategic Investments For Subsidiaries Dex-Lab, EyRIS (Business Today)

High Court grants interim stay against IRB on its RM734m claim of additional tax on Astro (The Edge)

GHL Systems To Be Delisted Effective 6 August (Business Today)

Northeast Group Berhad Secures Approval for ACE Market Listing (Business Today)

Thursday, 1 Aug 2024 Entitlement Announcement

6:11PM YTLREIT Income Distribution
5:10PM CTOS Second Interim Dividend
5:04PM TAMBUN First and Final Dividend

[winston]

Market News on 5 AUGUST 2024

Dow closes down 600 points, Nasdaq enters correction after weak jobs report (CNBC)

US job growth misses expectations in July; unemployment rate rises to 4.3% (The Star)

Fed seen cutting rates by half a point in Sept, after weak jobs data (Reuters)

Elon Musk says Fed foolish not to have cut interest rates (Reuters)

US recession scare fuels searing rally in bonds, yield curve flip in view (Reuters)

Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple (CNBC)

China’s US$42 Billion Stimulus Could Spur Consumer Spending (Business Today)

U.S. crude oil falls more than 3% as economic anxiety grows (CNBC)

Awantec Signs SA With Sabah Net For RM9.9 Million Google License Deal (Business Today)

Berjaya Food (BJFOOD) Granted Rights To Bring Starbucks Into The Nordic Markets (Business Today)

Taliworks To Receive Insurance Proceeds Amounting To RM10.6 Million (Business Today)

Binanstra Awarded RM160 Million Construction Work In Damansara (Business Today)

XL Holdings and Samajutera mutually end share purchase agreement (Business Today)

Straits Energy sells 51% stake in port business for RM5m (Malaysian Reserve)

HHRG Bhd sued by largest shareholders over alleged fraud in share transfer agreements (The Edge)

WCT proposes RM163m private placement to fund ongoing projects (The Edge)

Four Ranhill directors, including founder Hamdan, resign following YTL Power’s takeover (The Edge)

Ecobuilt to be suspended from Aug 9 following High Court approval of winding-up petition (The Edge)

YBS plans RM25.6 mil private placement to fund lithium-ion battery project with Nasdaq-listed Enovix (The Edge)

Prudential emerges as substantial shareholder in cable player United U-Li (ULICORP) (The Edge)

Sik Cheong Berhad’s IPO Oversubscribed By 213.53 Times (Business Today)

Friday, 2 Aug 2024 Entitlement Announcement

7:01PM CLMT Income Distribution (with Dividend Re-Investment Plan)
6:36PM YINSON Final Dividend (with Dividend Re-Investment Plan)

[winston]

Market News on 6 AUGUST 2024

Nasdaq, S&P 500 fall 3% each amid US recession fears, Apple drop (Reuters)

Global market rout has more to do with end of cheap funding than US economy (Reuters)

10-year Treasury yield drops to lowest level in more than a year (CNBC)

Fed's Goolsbee sees risk of waiting too long to cut rates, downplays recession fears (Reuters)

Japan watching yen moves closely, finance minister says after stocks rout (Reuters)

China's services activity expands further, but external demand slows, Caixin PMI shows (Reuters)

Ringgit rally continues, rises to 4.42 against US dollar at the close (The Star)

Jati Tinggi Receives Job From Gamuda Worth RM33.8 Million (Business Today)

Sasbadi Accepts Contracts Worth RM11.6 Million From MOE (Business Today)

Coraza Expanding Floor Space In Penang With New Plant (Business Today)

ViTrox’s Order Visibility Remains Soft Due To US-China Chip War (Business Today)

Plytec Secures RM22.1 Million Worth Of Contracts (Business Today)

Datasonic aims to provide more autogate lanes at checkpoints in Malaysia (The Star)

Handal sued by MD-linked firm over alleged unpaid payments (The Edge)

Cape EMS (CEB) plummets to new low; CEO sells more shares (The Edge)

Talam Transform to dispose of Sepang land to IJM as part of debt settlement (The Edge)

Ireka ordered to pay RM6.53m plus costs to RHB Bank over subsidiary's payment default (The Edge)

Monday, 5 Aug 2024 Entitlement Announcement

7:10PM TWRREIT Income Distribution
5:09PM SEG First Interim Dividend

[behappyalways]

Japanese stocks plummeted the most in 37 years, and the Malaysian stock market fell below the trend in one day and was bleeding like a river

日股37年来最严重暴跌 马股一天跌破趋势血流成河 | 新闻报报看 05/08/2024

https://m.youtube.com/watch?v=dcFGUWo6pbo

[winston]

Market News on 8 AUGUST 2024

Nasdaq ends down 1% as tech shares fall; Treasury auction weak (Reuters)

JPMorgan Chase CEO Jamie Dimon says he still sees a recession on the horizon (CNBC)

China's crude oil imports lowest since Sept 2022 amid dampened fuel demand (Reuters)

China's exports growth slows to 3-month low in July, but imports up solidly (The Star)

Willowglen Bags RM27.8 Million Contract In Singapore (Business Today)

Uzma Awarded Offshore Contract By PTTEP Sarawak Oil (Business Today)

Kawan Renergy (Kenergy) Secures RM58 Million EPCC Job From KAB (Business Today)

Hwa Tai Appoints DKSH As Exclusive Distributor For Luxury Brand (Business Today)

Cape EMS (CEB) CEO sells 112.7 million more shares, cuts stake by 12.45% in six trading days (The Edge)

Businessman Robert Tan offloads half his stake in Paragon Globe, ceases to be substantial shareholder (The Edge)

MN Holdings partners with China's construction giant to explore power industry projects (The Edge)

HeveaBoard to supply low formaldehyde emission particle boards to China furniture maker (The Edge)

ES Sunlogy files for ACE Market IPO to raise funds for new solar business (The Edge)


Wednesday, 7 Aug 2024 Entitlement Announcement

6:59PM YINSON Interim Dividend (with Dividend Re-Investment Plan)
5:05PM HEIM Interim Dividend
1:22PM SENTRAL Income Distribution

[winston]

Market News on 9 AUGUST 2024

Nasdaq, S&P 500 end 2% higher in rally after US jobless data (Reuters)

U.S. weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market (CNBC)

Fed's Schmid says he's more confident inflation heading to 2% goal (Reuters)

Trump signals interest in influencing Federal Reserve decisions if he regains White House (Reuters)

US-based Enovix to invest RM5.8b in battery production facility in Malaysia, says Zafrul (The Edge)

Budget 2025: PM holds engagement session with northern E&E industry players (The Edge)

Six GLICs pledge RM120bil in domestic investments (The Star)

Ranhill Appoints YTL Members To The Board (Business Today)

Plytec Bags RM22 Millon Contract From Various Clients (Business Today)

MK Land To Pay RM12 Million Tax After Settlement With IRB (Business Today)

Bina Darulaman (BDB) To Establish Elder Care Centre In Langkawi (Business Today)

JF Technology Expands Global Reach With Ironwood Electronics Partnership (Business Today)

DXN to build spirulina and ganoderma plant in Morocco (Malaysian Reserve)

RGB ratifies US$15.54m casino gaming machine deal in the Philippines (Malaysian Reserve)

Sunway-REIT to acquire Kluang Mall for RM158mil (The Star)

Seal ups stake to 30% in solar panel installer (The Edge)

ATA IMS partners Chinese firm to venture into household and electrical appliances sector (The Edge)

EPB’s nearly 20 mil IPO shares for public oversubscribed by 61.08 times (The Edge)

Vetece launches ACE Market IPO to raise RM34.3m (The Edge)

3Ren gets nod from Bursa to list on ACE Market (The Edge)

Thursday, 8 Aug 2024 Entitlement Announcement

5:51PM YB-LA Coupon Payment

[winston]

Market News on 12 AUG 2024

S&P 500 ends up, but near flat for week after Monday's steep selloff (Reuters)

Recession risks roil markets but not yet alarming (Reuters)

Leveraged funds' yen net short position shrinks on carry trade unwind (Reuters)

Harris responds to Trump Fed comments, will release economic plan in coming days (Reuters)

Malaysia opens anti-dumping duty probe on plastic imports from China, Indonesia (The Star)

MN Holdings, Reservoir Link unit eye TNB’s small-scale solar project in Pulau Tioman (The Edge)

Shin Yang To Diversify Into Auto Dealership With RM97.7 Million Acquisition Of Boulevard Motor (Business Today)

Straits Energy Resources to exit port operation and management business after four years (The Edge)

Asteel consortium bags RM61m Elmina data centre cladding deal (The Edge)

Solarvest Secures 5 Green Power Agreements Including From Bursa, Micron (Business Today)

UEM Sunrise collaborates with social enterprises for ‘Waste to Wonder’ community programme (The Edge)

Perak Transit Proposed Bidor Sentral Project Meets Compliance (Business Today)

Mitrajaya wins RM152m construction contract (The Edge)

Artroniq Deputy Chairman And 3 Board Members Resign (Business Today)

Friday, 9 Aug 2024 Entitlement Announcement

6:32PM SWIFT Interim Dividend
5:06PM SLP Second Interim Dividend

[winston]

Market News on 13 AUG 2024

Wall St mixed ahead of economic data; CPI in focus (Reuters)

U.S. crude oil rallies more than 4%, tops $80 as Pentagon sends more forces to Middle East (CNBC)

PM Denies On Reports Of Cabinet Reshuffle (Business Today)

As foreign funds exit, local institutions buy up RM1.19bil net of Malaysian equities (The Star)

Maxis, Huawei to team up ink on 5G-advanced joint innovation centre (The Edge)

Icon Offshore’s Damaged Vessel Fully Insured, Expects Full Restoration (Business Today)

Straits Energy plans to list unit on NYSE American by 4Q 2024 (The Edge)

EPF emerges as substantial shareholder in SMRT Holdings for first time (The Edge)

Censof secures information system contract from Penang Development Corp (The Edge)

HSS Engineers associate bags RM10.28mil construction management contract in Johor (The Star)

Kumpulan Kitacon wins RM111m contract from Sime Darby Property (The Malaysian Reserve)

Mikro MSC to buy Singapore signage firm TES Productions for RM30m in shares (The Edge)

Encorp suspends GCEO pending MACC investigations (The Star)

Pekat wins RM21.8m lightning protection job for data centre (The Edge)

Carlo Rino secures Bursa nod for transfer to ACE Market (The Edge)

O&G pipes supplier Saliran seeks ACE Market listing (The Edge)

Johor-based autopart distributor MSB Global files for ACE Market IPO (The Edge)

Monday, 12 Aug 2024 Entitlement Announcement

6:49PM TIENWAH Interim Dividend

[winston]

Market News on 14 AUG 2024

Nasdaq closes up 2%, Dow adds 400 points as tame inflation data fuels market comeback (CNBC)

US producer inflation slows as pricing power diminishes (Reuters)

International Energy Agency (IEA) maintains 2024 oil demand forecast and trims 2025 outlook (Reuters)

Malaysia can play role in global supply chain between US-China stand-off - Tengku Zafrul (The Star)

Uzma to start LSS4 operations in about two weeks (The Edge)

Minetech secures RM37 mil sewage upgrade project in Terengganu (The Edge)

Tex Cycle positive on waste management outlook (The Star)

FGV reaffirms bonus issue plan, says Felda awaiting government consent (The Edge)

PJBumi Aborts Acquisition Plans PJBumi Marine Sdn. Bhd (PMSB) (Business Today)

LBS Bina’s unit sued for alleged unsettled sum (The Edge)

Enest seeks transfer to ACE Market (The Edge)

ACE Market-bound Solar District Cooling Group inks underwriting agreement with Mercury Securities (The Edge)

Tuesday, 13 Aug 2024 Entitlement Announcement

5:58PM FFB Final Dividend
5:18PM SENFONG Fourth Interim Dividend
5:16PM MRDIY Interim Dividend
1:10PM WANGZNG Interim Dividend

[winston]

Market News on 15 AUG 2024

US stocks climb after inflation data supports rate cuts (Reuters)

U.S. consumer prices rose 0.2% in July, in line with expectations (CNBC)

Gold slips 1% as large rate-cut hopes dim after US CPI data (Reuters)

Maybank and CIMB Penalised Millions By BNM For Service Outages (Business Today)

Paragon Globe (PGLOBE) to undertake RM1.5b GDV serviced apartment project in JB (The Edge)

VS industry secures RM1.5bil new orders in the Philippines (The Star)

Synergy House cautiously optimistic about global e-commerce growth (The Star)

Varia lands RM61m contract for UPSI project (The Malaysian Reserve)

Maxis partners Singtel to accelerate enterprise digital transformation (The Edge)

Unique Fire to collaborate with Shanghai Mosafe on fire sprinkler business (The Star)

VSTECS gets sole rights to distribute Google Pixel 9 smartphones in Malaysia (The Edge)

Solarvest, NCT kick-start first phase of solar-ready industrial park (The Edge)

Wednesday, 14 Aug 2024 Entitlement Announcement

5:32PM IBHD Final Dividend
5:09PM PWF Third Interim Dividend