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

[winston]

Market News on 16 AUG 2024

Stocks Rally as Data Show US Economy Is Holding Up (Bloomberg)

Low US weekly jobless claims, upbeat retail sales dispel recession fears (Reuters)

Powell to lay out case for 'orderly' September rate cut at Jackson Hole next week (Investing.com)

China's central bank plans new policies to boost growth, governor says (Reuters)

China's home-price slump deepens to new 9-year low despite stimulus (Reuters)

China's July industrial output rises 5.1%, missing forecasts (Reuters)

Margin trading in Japanese stocks sharply shrinks after market rout (Reuters

IJM aborts deal to buy 44.85% stake in Pestech; KLIA aerotrain JV still on (The Edge)

S P Setia’s JV unit claims RM70m from Putrajaya Holdings for breach of contract (The Edge)

BHIC Secures RM378 Million Helicopter Service Contract From Mindef (Business Today)

Dayang wins 3-year offshore support contract (The Star)

Sapura Resources (SAPRES) MD steps aside from Aviation business amid conflict of interest concerns (The Malaysian Reserve)

99 speed Mart launches RM2.36bil IPO, Malaysia's largest in 7 years (The Star)

Thursday, 15 Aug 2024 Entitlement Announcement

6:08PM DPHARMA First Interim Dividend
6:07PM KEYFIELD Second Interim Dividend
5:40PM LYSAGHT Interim Dividend
5:35PM RVIEW Interim Dividend
5:22PM SUNREIT Income Distribution
5:02PM E&O-LC Coupon Payment

[winston]

Market News on 20 AUGUST 2024

Wall St ends higher, extending rally ahead of Jackson Hole (Reuters)

U.S., China sign agreement to cooperate on financial stability (CNBC)

Dollar hits 7-month low, yen gains as traders wait on Jackson Hole (Reuters)

China widely expected to keep lending benchmark LPRs unchanged in Aug: Reuters poll (Reuters)

Ringgit Breaks New Levels At 4.38 On US Recession Fear (Business Today)

The Johor-Singapore Special Economic Zone (JS-SEZ) deal expected to be finalised by end-2024 (The Star)

OCK Secures 3 New Data Centre Contracts Worth RM32.5 Million (Business Today)

VS Industry Gets Shareholders Nod For 1 For 10 Bonus Issue Of Warrants (Business Today)

Kerjaya Prospek Bags RM275 Million Andaman Property Development Contract (Business Today)

Passenger Traffic At MAHB Airports Surpasses 12 Million In July (Business Today)

IJM Corp clinches RM561m in contracts for data centre and manufacturing facility (Malaysian Reserve)

YX Precious Metals (YXPM) gets green light for transfer to Main Market on Thursday (The Edge)

Monday, 19 Aug 2024 Entitlement Announcement

7:01PM LAGENDA Interim Dividend
5:53PM GLOMAC Final Dividend
5:34PM PLINTAS Income Distribution
5:28PM OPENSYS Third Interim Dividend
5:28PM MTEC Interim Dividend
5:27PM PTRANS Third Interim Dividend
5:10PM KOTRA Second Interim Dividend
5:10PM INNO Second Interim Dividend
5:04PM CARLSBG Second Interim Dividend
1:05PM HEXTAR First Interim Dividend

[winston]

Market News on 21 AUGUST 2024

Wall St ends lower ahead of Jackson Hole, snapping multi-session rally (Reuters)

Fed officials uneasy about job market as they get ready for Jackson Hole (Reuters)

European Union slashes planned tariffs on China-made Tesla EVs, other Chinese firms (CNBC)

Oil settles down 1% as Middle East tensions ease, China data weak (Investing.com)

MPox Is Not The New Covid-19, Says WHO Official (Business Today)

Malaysia to leverage AI to detect suspicious financial transactions - BNM governor (The Star)

South Malaysia Industries (SMI) gets takeover offer at 45 sen per share (The Star)

Solarvest & Agmo Launch Digital Solutions For Clean Energy (Business Today)

Jati Tinggi (JTGROUP) clinches RM41m sub-contract for underground cable works in Selangor (Malaysian Reserve)

Willowglen MSC nets RM43m contract from Singapore’s Ministry of Education (Malaysian Reserve)

MCE bags RM52m supply contracts from Proton (Malaysian Reserve)

Sentoria Group refutes ex-CEO’s claims of constructive dismissal (Malaysian Reserve)

EPF disposes of six million shares in Cape EMS (CEB) as share price falls to new low (The Edge)

TNB hit with additional RM1.39b tax bill, planning appeal (The Edge)

Magma's 75%-subsidiary sued over alleged breach of agreement (The Edge)

Tuesday, 20 Aug 2024 Entitlement Announcement

6:31PM MYEG First Interim Dividend
6:28PM PETDAG Interim Dividend
5:43PM VS Bonus Issue
5:33PM PETGAS Second Interim Dividend
5:20PM TEOSENG Second Interim Dividend
5:17PM UNIQUE Interim Dividend
5:12PM JPG Interim Dividend
5:08PM HPMT First Interim Dividend
5:07PM DYNAFNT Interim Dividend

[winston]

Market News on 22 AUGUST 2024

Wall St ends higher as Fed minutes, jobs data firm rate-cut hopes (Reuters)

Fed minutes point to ‘likely’ rate cut coming in September (CNBC)

US job growth in year through March was far lower than estimated (Reuters)

China calls EU tariffs on EVs unfair, says it will take necessary measures to defend industry (CNBC)

Kelington Secures RM564 Million In New Contracts, Order Book Hits RM1.29 Billion (Business Today)

Tuju Setia Bags RM248 Million Contract For Hype Residences By SDP (Business Today)

Wentel Engineering Eyes South Expansion With New Plant (Business Today)

Powerwell gets RM15mil supply contract (The Star)

SD Guthrie (SDG), TH Properties mulling RM220m industrial park development (The Edge)

Ranhill founder Hamdan Mohamad vacates CEO post (The Edge)

JcbNext sells more shares in Taiwan-listed 104 Corp (The Edge)

Crest Group Earmarks IPO Proceeds For Business Expansion (Business Today)

Wednesday, 21 Aug 2024 Entitlement Announcement

6:34PM TMCLIFE Final Dividend
6:34PM TMCLIFE Special Dividend
6:23PM DELEUM First Interim Dividend
6:20PM MCEMENT Second Interim Dividend
6:18PM YTL Interim Dividend
6:14PM YTLPOWR Second Interim Dividend
6:13PM KGB Second Interim Dividend
6:07PM TGUAN Interim Dividend
5:42PM AMWAY Interim Dividend
5:30PM SDG Interim Dividend
5:29PM JASKITA Interim Dividend
5:14PM AHEALTH Interim Dividend
5:14PM LPI First Interim Dividend
5:13PM SUNMOW Rights Issue
12:42PM MAXIS Second Interim Dividend

[winston]

Market News on 23 AUGUST 2024

Stocks close lower, Nasdaq slides 1% as Treasury yields rise and Powell speech looms (CNBC)

US jobless claims, business activity keep economy on gradual cooling path (Reuters)

Quantitative Tightening Goes Global for the First Time, in Test for Markets (Bloomberg)

China's plunging coal plant approvals signal energy policy pivot, report says (Reuters)

Moody's: Data centre relocation to emerging markets to boost multiple sectors (The Star)

Pharmaniaga’s PN17 Status Still A Hindrance (Business Today)

AirAsia Secures US$443 Million Financing To Refurbish Grounded Planes (Business Today)

PTT Synergy in collaboration for automated guided vehicles and robots Budget (Malaysian Reserve)

TSH Resources eyes expansion into renewable energy (The Star)

Kerjaya Prospek unit sues Yong Tai subsidiary over alleged unpaid sum of RM105 mil (The Edge)

Pan Malaysia (PMHLDG) proposes diversification and name change, secures RM47 mil fit-out contract (The Edge)

Hextar Retail to introduce Hong Kong's Tam Jai noodle chain in Malaysia (The Edge)

Specialty chemicals firm Sumisaujana files for ACE Market IPO (The Edge)

Thursday, 22 Aug 2024 Entitlement Announcement

7:02PM SUNCON First Interim Dividend
6:55PM CARIMIN Second Interim Dividend
6:26PM DANCO First Interim Dividend
6:06PM REDTONE Interim Dividend
6:04PM N2N First Interim Dividend
5:47PM PENERGY Interim Dividend
5:45PM DYNAMIC Interim Dividend
5:41PM TOPMIX First Interim Dividend
5:38PM BIPORT Second Interim Dividend
5:37PM FAREAST Interim Dividend
5:37PM PECCA Fourth Interim Dividend
5:31PM MAGNUM Second Interim Dividend
5:19PM DAYANG First Interim Dividend
5:09PM DSS Interim Dividend
5:05PM VS-C86 Adjustment
12:37PM MATRIX First Interim Dividend
8:55AM SIMEPROP First Interim Dividend

[winston]

Market News on 26 AUG 2024

Dow closes more than 450 points higher as Powell signals Fed rate cuts are coming (CNBC)

Fed's Powell, in policy shift, says 'time has come' to cut rates (Reuters)

US rate cuts loom as BoJ warns of hikes (Reuters)

REDtone becomes substantial shareholder in HeiTech Padu (The Edge)

Hibiscus Petroleum's indirect unit acquires 30% stake in Block PM327 production sharing contract (The Edge)

Jati Tinggi secures RM39.9m contract to lay underground cables in Selangor (The Edge)

Sime Darby Property Bhd sees minimal future impact from Battersea development rental yield guarantee (The Star)

MGRC partners KMI Healthcare to offer advanced genetic screening (The Star)

Genetec Replies Bursa UMA Inquiry After Share Price Drop (Business Today)

Keyfield bags RM48m accommodation workboat contract (The Edge)

S P Setia Denies Reports Of CEO Datuk Choong Ka Wai Leaving (Business Today)

Pantech confirms plan to list two subsidiaries on Main Market via SPV (The Edge)

Friday, 23 Aug 2024 Entitlement Announcement

6:15PM SPTOTO Fourth Interim Dividend
5:43PM UCHITEC First Interim Dividend
5:35PM 3A Interim Dividend
5:25PM SDS First Interim Dividend
5:04PM APM Interim Dividend
5:02PM KAREX Interim Dividend
12:56PM MISC Interim Dividend

[winston]

Market News on 27 AUG 2024

Nasdaq 100 Falls 1% as Nvidia Hit Before Earnings (Bloomberg)

Fed most likely to cut rates by quarter percentage point next month, Daly says (Reuters)

Ringgit Hits 28-Month High At 4.35 Against U.S. Dollar (Business Today)

Foreign Flow Into Bursa Hit RM1.4 Billion Last Week (Business Today)

KUB to sell 70% stake in agro unit for RM103m cash (The Edge)

Siab Holdings proposes name change to Taghill Holdings (The Star)

*Velesto, wraps up periodic inspection of Naga 2, secures Vietnam contract for Naga 3 (The Edge)

GDB wins RM59m in adjudication involving payments for 8 Conlay project (The Edge)

Globaltec’s Australian unit makes cash call to raise A$8.17m for Indonesian gas sales initiative (The Edge)

,SunCon* Unaffected By Manpower Despite High Job Portfolio (Business Today)

Signature International (SIGN) proposes spin-off listings of two subsidiaries as 2Q profit halves (The Edge)

T7 Global secures RM74.6 mil contract from Mindef (The Edge)

Loss-making Advancecon diversifies into property business (The Edge)

Monday, 26 Aug 2024 Entitlement Announcement

6:55PM DOMINAN First Interim Dividend
6:06PM RGB Second Interim Dividend
5:57PM CWG-WA Adjustment
5:52PM IOICORP Second Interim Dividend
5:50PM TALIWRK Second Interim Dividend
5:23PM CWG Rights Issue
5:23PM ADB Interim Dividend
5:17PM INTA First Interim Dividend
5:16PM UMS Interim Dividend
5:16PM TM Interim Dividend
5:14PM TIMECOM Interim Dividend
5:10PM LIIHEN Second Interim Dividend
5:10PM CAPITALA-LA Profit Payment
5:04PM LBALUM First and Final Dividend
5:04PM GREATEC Bonus Issue
5:03PM HSPLANT First Interim Dividend

[winston]

Market News on 28 AUG 2024

Wall Street ends up as investors focus on Nvidia results (Reuters)

High-tech manufacturing spurs China's July industrial profit growth (Reuters)

Careplus buys 9.09% stake in Indonesian glove maker for RM3m (The Edge)

S P Setia initiates legal proceedings against former senior management for alleged breaches of duties (The Star)

Tex Cycle partners with BiobiN and Peats Group for advanced waste management solutions (The Star)

Dialog sells Saudi unit to JV partner for RM55m (The Edge)

Varia bags RM410m flood mitigation project in Johor (The Edge)

Dayang to benefit from emergence of Petroleum Sarawak (The Malaysian Reserve)

TNB signs Power Purchase Agreements with Prai Power, Panglima Power (The Star)

Padini proposes one-for-two bonus issue as 4Q profit more than halves (The Edge)

Binasat (BINACOM) gets RM23.76mil cable laying job (The Star)

Rohas Tecnic-led consortium wins RM123m contract for Sg Rasau Package 2 project (The Edge)

O&G unit Steel Hawk’s ACE Market IPO oversubscribed by 276.83 times (The Edge)

99 Speed Mart’s final retail price under IPO fixed at RM1.65 (The Edge)

Tuesday, 27 Aug 2024 Entitlement Announcement

6:49PM INARI Fourth Interim Dividend
6:38PM CENGILD Interim Dividend
6:24PM BPPLAS Second Interim Dividend
5:38PM NHFATT First Interim Dividend
5:27PM APOLLO Final Dividend
5:27PM PADINI First Interim Dividend
5:23PM SOLID Final Dividend
5:20PM SIME Second Interim Dividend
5:13PM OKA Final Dividend
5:12PM GASMSIA First Interim Dividend
5:12PM KITACON First Interim Dividend
1:09PM KERJAYA Second Interim Dividend
12:43PM HIBISCS Fourth Interim Dividend
12:39PM PBBANK First Interim Dividend
12:36PM FM Second Interim Dividend

[winston]

Market News on 29 AUG 2024

Stocks fall, Nvidia down 3% after the bell despite strong earnings (Reuters)

Nvidia had another great quarter, handily beating revenue estimates, helped by strong data center demand. (Bloomberg)

Malaysia’s Producer Price Index (PPI) Remains Steady Rising 1.3% In July (Business Today)

DNeX wins one-year extension for National Single Window contract (The Edge)

Aker Piloting Zero Emission Power Station With Petronas, MISC, Clean Energy (Business Today)

Maybank confident its net interest margin will recover by end of 2024 (The Sun)

Systech eyes acquisition of founders Liew Choon Lian’s MDT Innovations (Business Today)

CTOS Receives ISO Certification For Information Security Management (Business Today)

Capital A: Corporate guarantee for US$443m bond valid only till completion of aviation business sale to AAX (The Edge)

Citaglobal, Tree Technologies plan to jointly develop eco-friendly industrial park in Gebeng (The Edge)

Pertama Digital eyeing acquisition of tech firm in all-stock deal (The Edge)

SkyWorld bags contract to develop PR1MA homes (The Star)

ACE Market-bound solar district cooling aims to raise RM45mil from IPO (The Star)

Wednesday, 28 Aug 2024 Entitlement Announcement

6:50PM SUNWAY First Interim Dividend
6:50PM SUNWAY-PA Others
6:41PM L&PBHD Interim Dividend
6:29PM MBMR First Interim Dividend
6:28PM KPPROP First Interim Dividend
6:28PM MBMR Special Dividend
6:16PM IOIPG Interim Dividend
5:53PM POLYDM First Interim Dividend
5:50PM OFI Interim Dividend
5:48PM WELLCAL Third Interim Dividend
5:44PM LGMS First Interim Dividend
5:37PM HAILY First Interim Dividend
5:31PM HAILY Bonus Issue
5:28PM PARAMON Interim Dividend
5:28PM CIHLDG Final Dividend
5:27PM KPJ Interim Dividend
5:27PM SHANG Interim Dividend
5:26PM KARYON Interim Dividend
5:26PM KLCC Second Interim Dividend
5:25PM MALAKOF Interim Dividend
5:25PM KSENG Interim Dividend
5:24PM KLCC Income Distribution
5:24PM GENP Interim Dividend
1:13PM MEDIA First and Final Dividend
12:59PM PA Interim Dividend
12:47PM RHBBANK Interim Dividend

[winston]

Market News on 30 AUG 2024

Dow rises 200 points for fresh record close, Nasdaq falls as Nvidia shares tumble (CNBC)

US economy displays resilience with low layoffs, solid second-quarter growth (Reuters)

Asian firms' earnings outlook improves as chip sector shines (Reuters)

Dell Reports Sales That Top Estimates on AI Server Orders (Bloomberg)

Hartalega wins breach of fiduciary duties suit against former exec director (The Edge)

Binastra bags RM155m sewage treatment plant project in Sri Hartamas (The Edge)

DNeX secures extension to National Single Window (NSW) for Trade Facilitation contract (The Sun)

Capital A making headway with corporate restructuring (The Star)

Retail offering of 99 Speed Mart's IPO oversubscribed by 3.04 times (The Edge)

Thursday, 29 Aug 2024 Entitlement Announcement

7:31PM AXJ-REITSETF Income Distribution
7:09PM GENTING Interim Dividend
6:40PM SOP Interim Dividend
6:40PM GENETEC Interim Dividend
6:13PM RPLANET Interim Dividend
6:13PM GENM Interim Dividend
6:04PM SAMAIDEN First Interim Dividend
6:03PM MAYBANK First Interim Dividend
5:57PM OCK Interim Dividend
5:45PM VELESTO Interim Dividend
5:26PM PPB Interim Dividend
5:26PM IHH Interim Dividend
5:25PM KUB First and Final Dividend
5:25PM ALSREIT Income Distribution
5:17PM PWROOT Interim Dividend
5:16PM NATGATE Interim Dividend
5:16PM MBMR-C4 Adjustment
5:15PM HUPSENG First Interim Dividend
5:15PM BONIA Interim Dividend
5:14PM DSONIC First Interim Dividend
5:13PM KEINHIN First and Final Dividend
5:12PM ALAQAR Income Distribution
5:12PM PMETAL Second Interim Dividend
5:10PM GFM Interim Dividend
12:34PM MFLOUR Interim Dividend