Malaysia 03 - Market News (Feb 25 - Dec 26)

[winston]

Market News on 29 JUL 2025

S&P, Nasdaq again close at record highs, trade choppy (Reuters)

Lutnick Sees Likely 90-Day Extension of China Trade Truce (Bloomberg)

Trump eyes 'world tariff' of 15-20% for most countries (Reuters)

Two Bumiputera companies targeted for Bursa Malaysia listing by year-end - Ahmad Zahid (The Star)

Yinson JV secures US$600m FSO charter contract for Vietnam's offshore gas project (The Edge)

Zetrix AI shares hit one-month low as govt ends foreign worker permit renewal contract (The Edge)

Ekovest’s RM450 mil merger deal with Knusford lapse after third deadline extension expires (The Edge)

Berjaya Food plans 1-for-2 bonus warrant issue, eyes RM266m from potential exercise (The Malaysian Reserve)

TechStore bags customs contract for RTS Link project (The Edge)

Insas now largest shareholder in Microlink after RM76 mil rights subscription (The Edge)

Fiamma seeks shareholder nod to regularise advances to JV firms, reallocates RM13 mil for Johor project (The Malaysian Reserve)

Ireka faces RM1.07 bil contract termination over Pan Borneo Highway project (The Edge)

LYC Healthcare warns of delay in FY2025 annual report, faces suspension risk (The Malaysia Reserve)

Monday, 28 Jul 2025 Entitlement Announcement

6:45PM ALPHA Interim Dividend
5:23PM QL Final Dividend
5:16PM SAB Final Dividend
5:14PM ECOSHOP Interim Dividend
5:05PM BAT Interim Dividend

[winston]

Market News on 30 JUL 2025

S&P 500 retreats from record, Dow falls 200 points with China talks in limbo and Fed decision ahead ((CNBC)

US allowed Nvidia chip shipments to China to go forward, Hassett says (Reuters)

US, China tariff truce holds for now but US says Trump has final say (Reuters)

IMF: Malaysia's real GDP growth forecast raised to 4.5% in 2025, 4.0% in 2026 (The Star)

Jati Tinggi bags RM31.58 mil underground cable works (The Edge)

Focus Point Shareholders Approve Bonus Issue And Dividend Reinvestment (Business Today)

Zetrix AI confirms termination of foreign worker permit renewal job (The Edge)

Dufu stays cautious amid US tariffs as 2Q profit drops 66.8% (The Star)

Felda's shareholding in FGV increases to over 90%, plans for delisting (The Star)

United Malacca to gain full control of Indonesian plantation unit in RM42m deal (The Edge)

Uzma takes bold step in diversifying from the seabed into space (The Edge)

Paramount to buy 28% of Texas Chicken, SF Coffee operator for RM126m from Johari Ghani's JAG (The Edge)

Camaroe signs underwriting agreement with M&A Securities for upcoming IPO (The Edge)

Ekuinas-backed Orkim files for Main Market IPO to expand tanker fleet (The Edge)

Tuesday, 29 Jul 2025 Entitlement Announcement

5:54PM CHINTEK Second Interim Dividend
5:54PM CHINTEK Special Dividend
5:42PM DXN First Interim Dividend
5:08PM IGBREIT Income Distribution
5:07PM IRIS Final Dividend
5:07PM DUFU Interim Dividend
5:06PM IGBCR Income Distribution
5:05PM CVIEW Second Interim Dividend
1:28PM BURSA Interim Dividend

[winston]

Market News on 31 JUL 2025

S&P 500 closes lower, Dow drops more than 150 points as Powell signals Fed isn’t ready to cut rates (CNBC)

Powell Cites Inflation Risk as Fed Holds Interest Rates Steady (Bloomberg)

Fed's Powell says no decision made yet on September rate cut (Reuters)

U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit (CNBC)

US Copper Plunges as Trump Tariffs Exclude Refined Metal (Bloomberg)

Johor Secures RM1.34 Billion Investments From Singapore Firms Under JS-SEZ (Business Today)

Govt Scraps Plan To Implement High Value Goods Tax (Business Today)

Wistron pares stake in audio systems maker Formosa Prosonic (FPI) for first time as shares fall (The Edge)

Dayang gets another work barge job from Petronas Carigali (The Edge)

Dialog associate lands 25-year storage deal, to invest US$330m on project (The Edge)

Samaiden, Asia Poly and HeiTech Padu announce green energy wins under FiT programme (The Edge)

HeiTech Padu Secures Approval For Small Hydro Power Project In Terengganu (Business Today)

TechStore bids for Prasarana’s open payment system (The Edge)

Steel Hawk bags two-year scaffolding job from EPOMS (The Edge)

Zetrix AI continues to offer immigration services despite contract expiry (The Star)

B.I.G. Industries acquires air separation unit for RM23mil (The Star)

Pestec hopes to submit annual report by August 7 to avoid trading suspension (The Edge)

MMM Group to be suspended on August 7, possible delisting on September 4 (The Edge)

Wednesday, 30 Jul 2025 Entitlement Announcement

6:32PM ASIAFLE Final Dividend
6:16PM SKPRES Final Dividend
5:59PM RESINTC Final Dividend
5:42PM ULICORP Interim Dividend
5:28PM AXREIT Income Distribution
5:27PM SHL Final Dividend
5:26PM GAMUDA Second Interim Dividend (with Dividend Re-Investment Plan)
5:26PM SDRED Final Dividend
5:23PM LTKM Final Dividend
5:22PM L&G Final Dividend

[winston]

Market News on 1 AUG 2025

S&P 500 posts third straight losing day as Meta, Microsoft fail to lift market (CNBC)

Trump to Set New Tariffs Before Midnight, White House Says (Bloomberg)

US Treasury chief says he expects Fed chair announcement by year's end (Reuters)

13MP: Malaysia targets RM1 trillion in E&E exports by 2030 (The Edge)

Malaysia To Boost Blue Economy, Plans Maritime Hub And Port Expansions Under 13MP (Business Today)

Johor CM Floats Second RTS Link To Connect Tuas And Iskandar Puteri (Business Today)

Malaysia’s ‘Pro-Health’ Taxes To Expand, Covering Tobacco, Vape, And Alcohol (Business Today)

Govt To Restructure Chicken Egg Subsidies Starting August 1 (Business Today)

TNB Receives Another Assessment Notice From IRB For RM609 Million (Business Today)

Jakel emerges as second largest shareholder in Pharmaniaga with 10% stake, confirming The Edge report (The Edge)

Pharmaniaga completes rights issue, private placement exercises; on track to exit PN17 by 1Q2026 (The Edge)

Capital A, AAX extend aviation deal deadline for fourth time by another month (The Edge)

ITMAX bags RM145m smart traffic light system contract in JB (The Edge)

Pinehill Pacific (PINEPAC) controlling shareholder plans privatisation at 46 sen per share (The Edge)

Chin Hin sells Metex Steel for RM70mil to streamline business (The Star)

Perdana Petroleum wins RM11.6m vessel charter from Dayang’s unit (The Malaysian Reserve)

Poultry company CAB Cakaran to buy Cargill Malaysia’s animal feed business for RM231m (The Edge)

Bintai Kinden’s accounts flagged over legacy issues (The Malaysian Reserve)

Avillion's auditor flags going concern uncertainty (The Star)

Thursday, 31 Jul 2025 Entitlement Announcement

6:18PM LAYHONG Final Dividend
6:08PM YTLREIT Income Distribution
5:26PM ATRIUM Income Distribution
12:40PM UNISEM Second Interim Dividend
12:36PM GLXT Interim Dividend

[winston]

Market News on 4 August 2025

Dow closes 500 points lower Friday as weak jobs data and new tariffs incite sell-off (CNBC)

US manufacturing extends slump; factory employment lowest in 5 years (Reuters)

US job growth sharply slows in July, unemployment rate ticks higher (Reuters)

Trump fires US labor official over data and gets earlier than expected chance to reshape Fed (Reuters)

China's manufacturing activity shrinks as exports drag, S&P PMI shows (Reuters)

Oil Drops After OPEC+ Supply Hike Amplifies Concerns Over Glut (Bloomberg)

EPF Adjusts Stake In Axis REIT, Maintains Substantial Shareholding (Business Today)

FGV Set For Delisting From Bursa On 28 August (Business Today)

Tanco, Negeri Sembilan Ink Deal To Fast-Track Port Dickson Free Zone Project (Business Today)

Inta Bina Sued RM1 Million For Alleged Trespassing (Business Today)

Sapura Energy Officially Changes Name To Vantris Energy (Business Today)

Cypark Secures SEDA Approval For 1.5MW Biogas Project In Johor (Business Today)

Reneuco’s auditor flags going concern uncertainty (Business Today)

Inari, Sanan to jointly acquire global LED leader Lumileds for RM1b (Malaysian Reserve)

Selangor Dredging unit sued over alleged trespass in Shah Alam (Malaysian Reserve)

KNM settles waste management project dispute with Kanadevia and Alam Hzem (Malaysian Reserve)

Cape EMS partners EV Connection to manufacture EV chargers, solar components (Malaysian Reserve)

SkyGate enters JV with New Jin Hai for advanced precision manufacturing in Penang (Malaysian Reserve)

Stainless steel maker TSA diversifies into quarry business (The Edge)

Auditor flags material uncertainty over Pestec's ability to continue as going concern (The Edge)

ITMAX bags 10-year smart parking job in Subang Jaya, to operate with state-owned Rantaian Mesra (The Edge)

Friday, 1 Aug 2025 Entitlement Announcement
5:21PM FOCUSP Bonus Issue
5:05PM TAMBUN Final Dividend

[winston]

Market News on 5 August 2025

Dow rebounds nearly 600 points and wipes out Friday’s loss, S&P 500 ends four-day losing run (CNBC)

Trump again threatens India with harsh tariffs over Russian oil purchases (Reuters)

EU will delay planned U.S. tariffs for six months to allow for trade talks (CNBC)

Malaysia agrees to boost tech, LNG purchases from U.S. as part of trade deal (Reuters)

AYS Ventures Unit Complete Takeover Of CosmoSteel, Trading To Be Suspended (Business Today)

Tex Cycle Completes RM42.8 Million Acquisition Of Meridian World (Business Today)

Kelington Secures RM146 Million Semiconductor Project In Germany (Business Today)

Hibiscus sets 2030 growth, energy transition targets (Malaysian Reserve)

Johor Plantations inks MoU with state-linked firms to transform palm oil sector (Malaysian Reserve)

Pekat’s unit bags RM31.3m contract from TNB for switchgear works (Malaysian Reserve)

MISC, Bumi Armada scrap merger talks; MoU to lapse mid-August (Malaysian Reserve)

Sapura Energy to be traded as Vantris Energy from Aug 6 (The Star)

Kim Hin minority shareholders advised to reject chairman’s 85 sen offer (The Star)

Oasis Home subsidiary inks partnership with GIMCare to develop wellness products (The Star)

Kimlun proposes RM40 mil private placement to boost working capital (The Edge)

Zetrix says will provide front-end solution for IT project collab with Heitech Padu (The Edge)

Jiankun to see emergence of new largest shareholder via debt settlement exercise (The Edge)

Morgan Stanley disposes over 3% in Focus Dynamics in margin call (The Edge)

[winston]

Market News on 6 AUGUST 2025

S&P 500 closes lower Tuesday, weighed down by tariff fears and poor economic data (CNBC)

Trump Says Pharma, Chips Tariffs Coming in ‘Next Week or So’ (Bloomberg)

Trump Says ‘Getting Very Close’ on Extending China Trade Truce (Bloomberg)

Trump set to fill Fed board vacancy by week's end, has narrowed chair search to four (Reuters)

US Service Activity Nearly Stagnates as Employment Contracts (Bloomberg)

China's services activity growth hits 14-month high in July, S&P PMI shows (Reuters)

China pledges more financial support for advanced manufacturing (Reuters)

Citaglobal To Acquire 12.8% Stake In Perlis Maritime Corridor Developer For RM40 Million (Business Today)

Infomina Subsidiary Files RM133 Million Lawsuit Against Philippine Bank (Business Today)

Advancecon Unit Files RM10.17 Million Adjudication Claim Against CCC ECRL (Business Today)

CBH Engineering Secures RM194 Million Data Centre Contract(Business Today)

Reneuco Faces Renewed Winding Up Threat From SIRIM (Business Today)

KJTS secures three-year facility management deal for Marlborough College Malaysia (Business Today)

Hong Seng faces amended trademark infringement suit filed by subsidiaries (Malaysian Reserve)

Wawasan Dengkil inks JV to deliver Southern Malaysia fibre optic project (Malaysian Reserve)

Hartalega unit hit with RM101m in additional tax assessments (Malaysian Reserve)

Paramount goes big on F&B with Envictus stake buy (Malaysian Reserve)

Fajarbaru Builder rebrands as FBG Holdings, effective Aug 8 (The Edge)

AIZO returns to property sector via JV with Lestari Astana (The Edge)

Tuesday, 5 Aug 2025 Entitlement Announcement
7:15PM ABFMY1 Income Distribution
7:09PM FBMKLCI-EA Income Distribution
5:22PM YB-LA Coupon Payment
5:22PM SEG Second Interim Dividend

[winston]

Market News on 7 AUGUST 2025

Wall Street ends higher with Nasdaq up more than 1%, led by Apple (Reuters)

Trump Eyes 100% Chips Tariff, But 0% for US Investors Like Apple (Bloomberg)

Apple to pledge $100 billion for US manufacturing, White House official says (Reuters)

AMD, Super Micro shares slide as AI bets falter on data center results miss (Reuters)

Trump raises India tariffs to 50% over Russian oil purchases (CNBC)

Trump says he could impose more tariffs on China, similar to India duties, over Russian oil (Reuters)

Yinson Acquires FPSO Atlanta Project Loan From Bravia (Business Today)

Pharmaniaga Completes Regularisation Plan, Targets Q1 2026 For PN17 Exit (Business Today)

Saliran inks MoU with China’s Maoming Port Group and PCA Group for oil & gas collaboration (Malaysian Reserve)

Azam Jaya bags RM121m contract to upgrade Tawau airport (Malaysian Reserve)

MHB’s injunction set aside in RM57.3m arbitration dispute (Malaysian Reserve)

Former chairman Farouk Abdullah ceases to be Magma's substantial shareholder (The Edge)

Sultan of Pahang raises stake in Citaglobal to 13.25% via off-market acquisition (The Edge)

PTT Synergy forays into smart warehouse business, eyes equal contribution from three businesses (The Edge)

Harvest Miracle (HM) to formally diversify into construction materials trading (The Edge)

[winston]

Market News on 8 AUGUST 2025

Dow, S&P 500 end lower; Eli Lilly shares fall after drug data (Reuters)

US Continuing Jobless Claims Rise to Highest Since End of 2021 (Bloomberg)

Trump picks Stephen Miran to fill open spot on Fed Board (Reuters)

China rare earth exports slid in July after hitting peak in prior month (Reuters)

Manufacturing Sales Increase 3.3% In June Reaching RM161.2 Billion (Business Today)

Malaysia seeks details on US plan to impose 100% tariff on chip imports — Zafrul (The Edge)

Malaysia's semiconductor exports still exempted from reciprocal tariffs – Miti (The Star)

Govt Mulls Raising Tobacco Tax (Business Today)

BNM Approves Ant International License Under Class A Money Service Business (Business Today)

MUI Berhad Disposes Corus Hotel For RM260 Million (Business Today)

Panda Eco System Brings Advanced Logistics Innovation To Malaysia (Business Today)

Parkson Unit Terminates Beijing Property Lease, To Pay RM7 Million Penalty (Business Today)

ITMax Appointed Smart Parking Operator In Shah Alam Under 10-Year Deal (Business Today)

EcoFirst unit sued for RM7.6m over 12-year delay in strata titles (Malaysian Reserve)

LYC Healthcare auditor flags going concern uncertainty (Malaysian Reserve)

K-One Wellness partners MyResQ to boost CPR and first aid training nationwide (Malaysian Reserve)

Mayu Global cooperating with MACC in steel scrap investigation (Malaysian Reserve)

Ramssol seeks legal advice after SAGTEC pulls out of RM25m Rider Gate acquisition (Malaysian Reserve)

Samoa-based firm emerges as substantial shareholder in DFCity with 13.6% stake (The Edge)

Annum to be delisted on Aug 12 as Bursa dismisses appeal (The Edge)

Awantec launches smart AI solutions to support Malaysia’s digital growth (The Edge)

Thursday, 7 Aug 2025 Entitlement Announcement
5:44PM OBHB Interim Dividend
12:54PM SENTRAL Income Distribution
12:33PM SDG Interim Dividend

[winston]

Market News on 11 AUG 2025

Nasdaq posts record closing high with tech gains, rate cut optimism (Reuters)

Nvidia, AMD Agree to Pay US 15% of China Chip Sale Revenue (Blomberg)

US licenses Nvidia to export chips to China, official says (Reuters)

China reportedly wants U.S. to relax AI chip-export controls for trade deal (CNBC)

China's July factory-gate prices miss forecast, deflation concerns persist (Reuters)

Budget 2026 to focus on targeted subsidies, reforms, high-value investments, says MOF (The Edge)

PIE Industrial confident of securing new orders from Vietnam, China after finalisation of US tariff (The Edge)

EPF Acquires Additional 5.25 Million YTL Power Shares, Raising Stake To 8.72% (Business Today)

Favelle Favco wins RM77.6m in new cranes orders (The Edge)

NexG Expands Into Construction And Property After Acquiring 32.6% In Classita For RM76.8 Million (Business Today)

Vestland wins RM56m subcontract for Kelantan Palace building works (The Edge)

SkyWorld Acquiring Land In Penang For RM82 Million To Build Pre-Fab Factory (Business Today)

Mieco Signs RM100 Million Annual Wood Pellet Supply Deal With Korea’s K-One (Business Today)

Mega Fortris Challenges RM16.76 Million Consultation Fee Claims (Business Today)

Berjaya Assets settles Megaquest legal dispute, Vincent Tan to assume 50% stake (The Malaysian Reserve)

Able Global Executive Chairman Discharged And Acquitted Of All Charges (Business Today)

Bina Puri seeks Corporate Debt Restructuring Committee's help to mediate talks with lenders (The Edge)

Friday, 8 Aug 2025 Entitlement Announcement

6:57PM VANTNRG-WA Adjustment
6:36PM VANTNRG Share Consolidation
5:07PM SLP Second Interim Dividend