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

[winston]

Market News on 30 May 2025

Wall Street ends up with Nvidia, appeals court reinstates Trump tariffs (Reuters)

Federal trade court strikes down Trump’s reciprocal tariffs (CNBC)

Trump could ask Supreme Court to halt tariff block as soon as Friday (CNBC)

Fed Chair Powell met with Trump at the White House Thursday and told him rate decisions can't be political (CNBC)

US weekly jobless claims rise; corporate profits fall in first quarter (Reuters)

US Economy Shrinks 0.2% on Weaker Spending, Larger Trade Impact (Bloomberg)

Econpile Lands Bridge Construction Job In Pahang Worth RM40 Million (Business Today)

Vestland Secures RM159 Million Build Contract For 51-Storey Apartment In KL (Business Today)

SunCon Secures RM1.15 Billion Data Centre Contracts From US Multinational (Business Today)

HHRG to inject RM10m to revive stalled Terengganu mixed development (Malaysian Reserve)

Federal International (FIHB) lands RM65m construction deal for PJ Selatan Sentral project (Malaysian Reserve)

PRG exits confinement services (TheStar)

Samaiden signs long-term lease for Kelantan solar project (TheStar)

Genting to introduce new facilities and attractions at Resorts World Genting (The Star)

PeterLabs rejects request to convene EGM to remove directors (The Edge)

Barakah to be delisted on June 4, says not appealing Bursa's decision (The Edge)

Hartanah Kenyalang IPO oversubscribed 5.33 times ahead of ACE Market listing (The Edge)

ASM Automation Issues IPO At RM0.17 Per Share, Aims To Raise RM21 Million (Business Today)

Thursday, 29 May 2025 Entitlement Announcement
7:17PM LSH Interim Dividend
7:02PM KPJ Interim Dividend
6:20PM SDS Third Interim Dividend
6:20PM AUMAS Interim Dividend
5:59PM LHI First Interim Dividend
5:59PM ASIABRN Final Dividend
5:41PM BPPLAS First Interim Dividend
5:40PM DAY3 Bonus Issue
5:13PM PADINI Fourth Interim Dividend
5:12PM PADINI Special Dividend
5:12PM PWROOT Interim Dividend
5:11PM KFIMA Interim Dividend
5:10PM KFIMA Special Dividend
5:10PM TECGUAN First and Final Dividend
5:05PM CARLSBG First Interim Dividend
5:04PM IJM Second Interim Dividend
5:04PM IJM Special Dividend

[winston]

Market News on 3 JUN 2025

Wall Street closes with modest gains, dollar weakens as trade tensions flare (Reuters)

Trump administration seeks best trade offers by Wednesday (Reuters)

Treasuries Extend May Slump as Tariff Concerns Cloud Outlook (Bloomberg)

Group That Won Trump Trade Ruling Wants Tariffs Halted During Appeal (Bloomberg)

China’s Manufacturing PMI Edges Up In May, Slight Improvement Amidst Contraction (Business Today)

Bank Negara: Malaysia's headline inflation unchanged at 1.4% in April (The Star)

Zafrul To Hold MITI Minister Post Despite Leaving Party, Anwar (BusinessToday)

O&G industry suffers as Petronas-Petros feud drags on (The Edge)

Petronas ramping up LNG projects to secure long-term supply for China (Bernama)

Gold prices climb as tariff jitters lift safe-haven demand (The Star)

Jaya Tiasa diversifies into property development with RM100m land purchase in Sarawak (The Edge)

Kumpulan Jetson minority shareholders take legal action to access shareholder record, force EGM (The Malaysian Reserve)

Kawan Renergy Secures RM17.4 Million Sungai Rasau Water Project Contract (Business Today)

Mah Sing open to tie-ups with DC operators (The Star)

AirAsia X, Capital A extend aviation deal deadline to July 31 to finalise RM1b placement terms, secure approvals (The Edge)

JF Technology completes 80% stake buy in Singapore-based Q3 Probe for RM6m (The Edge)

Exsim Hospitality bags RM46m hotel fit-out job in Port Dickson (The Edge)

Master Tec proposes transfer to Main Market of Bursa Malaysia (The Star)

Aumas Resources, formerly Bahvest, secures injunction prohibiting ex-CEO from interfering with storage facility (The Edge)

Loss-making LYC Healthcare falls under GN3 status (The Edge)

Friday, 30 May 2025 Entitlement Announcement

7:17PM ATECH Bonus Issue
6:51PM SUPREME First Interim Dividend
6:48PM ATECH Bonus Issue
6:42PM AGMO Interim Dividend
6:28PM ATECH First Interim Dividend
6:23PM ABMB Rights Issue
6:18PM WEGMANS Interim Dividend
5:40PM LFG First Interim Dividend
5:30PM AME Interim Dividend
5:16PM BAT Interim Dividend
1:10PM RGB First Interim Dividend
12:45PM REACHTEN Interim Dividend
12:42PM BIPORT First Interim Dividend

[winston]

Market News on 4 JUN 2025

Dow closes 200 points higher, S&P 500 climbs as Nvidia lifts tech sector (CNBC)

U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook (CNBC)

Trump Signs Order Hiking Steel, Aluminum Tariffs to 50% (Bloomberg)

US factory orders slump in April (Reuters)

Global alarms rise as China's critical mineral export ban takes hold (Reuters)

China’s May factory activity unexpectedly shrinks as tariffs dent sentiment — worst drop since 2022 (CNBC)

Edelteq forms JV to manufacture automated optical inspection machines (The Edge)

Deleum completes acquisition of 70% stake in Osa Industries Indonesia for RM31m (The Edge)

Globaltec inks JV to diversify into commercial vehicle component segment (The Star)

Oasis Harvest To Acquire Chef Wan’s F&B Business For RM30.8 Million In Strategic Expansion (Business Today)

Duopharma Biotech Secures Halal Certification For Biosimilar Anaemia Drug (Business Today)

Ramssol Signs RM16.8 Million To Distribute iFLYTEK AI Software In Asia (Business Today)

UUE to venture into solar PV via unit Enerxite (TheStar)

Ta Win sells Klang factory for RM44.5m to reduce debt and streamline operations (The Malaysian Reserve)

RGB eyes sale of 4,000-5,000 slot machines, banking on Philippine and Cambodian markets (The Edge)

Pre-mix soup maker A1 AK Koh Group appoints AmInvestment Bank as underwriter for ACE Market IPO (The Edge)

Enproserve signs IPO underwriting agreement, targets 3Q listing on ACE Market (The Edge)

Tuesday, 3 Jun 2025 Entitlement Announcement

6:33PM NPC Capital Repayment
5:43PM CAPITALA-LA Profit Payment
5:42PM BTECH Final Dividend

[winston]

Market News on 5 JUN 2025

Wall Street ends narrowly mixed in choppy trade on weak economic data (Reuters)

US Borrowers Face Higher Interest If Trump’s ‘Revenge Tax’ Becomes Law (Bloomberg)

US services sector contracts in May; businesses face higher prices (Reuters)

Trump renegotiating Biden-era Chips Act grants, Lutnick says (Reuters)

Trump says ‘extremely hard’ to make a deal with China’s Xi Jinping as trade talks stall (CNBC)

Doubled US steel tariff a 'serious threat' to Malaysia's downstream steel industry, says Misif (The Edge)

IOI Properties To Acquire Full Control Of Singapore’s South Beach Project In RM2.75 Billion Deal (Business Today)

Securities firms are still vulnerable to hackers, warns cybersecurity expert LGMS (The Edge)

Nestcon delays property diversification, proceeds with RM15.1m office deal (The Edge)

JF Tech completes Q3 Probe acquisition to boost vertical integration (TheSun)

MPay Secures Labuan FSA License, Expands Fintech Reach To Global Markets (Business Today)

HE Group eyes Main Market transfer by the second half of 2025 (The Edge)

Wednesday, 4 Jun 2025 Entitlement Announcement

5:25PM PAVREIT Income Distribution
5:13PM SUNMOW-PA Others

[winston]

Market News on 6 JUN 2025

Wall Street stocks end down as Tesla slumps 14% on Trump-Musk feud (Reuters)

US Trade Deficit Narrows by Most on Record as Imports Plunge (Bloomberg)

US Initial Jobless Claims Rise to Highest Level Since October (Bloomberg)

Trump, Xi Agree to More Trade Talks as Rare Earths Dispute Cools (Bloomberg)

MOF Postpones e-Invoice For Businesses Below RM5 Million To Jan 1, 2026 (Business Today)

AMMB officially rejoins KLCI, Hong Leong Financial Group out in semi-annual review (The Edge)

Econpile secures RM43 mil piling job for Penang LRT project (The Edge)

Bright Packaging inks new jv to boost palm oil investment (The Malaysian Reserve)

CAB Cakaran’s unit hit by cyberattack, impact under assessment (The Edge)

ACE-Market bound Oxford Innotech inks underwriting agreement with Malacca (The Sun)

Thursday, 5 Jun 2025 Entitlement Announcement

5:50PM FIHB-PB Others
5:39PM ABLEGLOB First Interim Dividend

[winston]

Market News on 9 JUN 2025

US stocks end up on jobs data, China hopes; Tesla bounces (Reuters)

U.S. money market fund inflows surge on caution over tariffs (Reuters)

Trump says decision on Fed chair will be out soon (Reuters)

Fed should cut interest rate by a full point, Trump says (Reuters)

Trump says China's Xi agreed to let rare earth minerals flow to US (Reuters)

US, China To Hold Talks In London On June 9, Says Trump (Business Today)

Stamp Duty Waiver For Employment Contracts Signed Before 2025 (Business Today)

Proton e.MAS 7 becomes Malaysia’s fastest-selling EV, 3,632 units sold as at May 31 (The Sun)

Gadang Terminates Major Cyberjaya Development Citing Regulatory Hurdles (Business Today)

Microlink To Settle RM8.5 Million Debt From Omesti Through Share Issuance (Business Today)

Meta Bright Secures Its First Energy Efficient Zero Capex Contract (Business Today)

Nylex's major shareholder Ancom Nylex proposes selective capital reduction, repayment of 5.1c/share (The Star)

MMAG's logistics arm joins collaboration on entrepreneur commercial vehicle programme (The Star)

Mitraland founder Chuah Theong Yee ceases to be substantial shareholder of Eonmetall (The Edge)

Substantial shareholders countersue Peterlabs over failure to convene EGM to remove directors (The Edge)

Ecomate to diversify into ICT solutions, undertake bonus issue (The Edge)

Family-run Pan Merchant begins accepting IPO applications at 27 sen per share (The Edge)

iCents Inks Underwriting Agreement With Alliance Bank (Business Today)

[winston]

Market News on 10 JUN 2025

S&P 500 posts back-to-back gain as traders optimistic U.S-China trade talks making progress (CNBC)

US seeking 'handshake' on rare earths from China, White House aide says (Reuters)

Trump Says China ‘Not Easy’ as Trade Talks to Continue Tuesday (Bloomberg)

US ocean container imports tumble in May as China tariffs take hold (Reuters)

China's exports slow, deflation deepens as tariffs bite (Reuters)

Sales tax rate revision, service tax scope expansion to be effective July 1, 2025 (The Star)

Sealink Unable To Assess Fire-Damaged Vessel In Brazil (Business Today)

PTRB Enters China’s Booming Coconut Market With New RM17 Million Facility (Business Today)

Meta Bright plans private placement to raise RM21m for renewable energy and lending expansion (Malaysian Reserve)

Yinson denies buyout talks, confirms chairman in early-stage shareholding discussions (Malaysian Reserve)

Chin Well acquires land in penang for RM48.4m to boost growth prospects (Malaysian Reserve)

KNM proposes RM3.16b debt restructuring, sets creditors’ meeting for Aug 11 (Malaysian Reserve)

Catcha Digital adopts ‘bold dealmaking’ and ‘buy-and-build’ approach to become region’s number one (TheSun)

OneTech shareholder seeks court order for share buyout or winding-up over alleged oppression (The Edge)

Sultan of Pahang's son joins Citaglobal's board as independent director (The Edge)

EPF buys 5% stake in 99 Speed Mart (The Edge)

Monday, 9 Jun 2025 Entitlement Announcement
5:35PM OSK Bonus Issue
5:09PM INSAS-PB Others
12:38PM SCIPACK Interim Dividend

[winston]

Market News on 11 JUN 2025

Wall Street ends higher as investors track US-China trade talks (Reuters)

Lutnick says US-China talks going well, could run into Wednesday (Reuters)

China’s rare-earth mineral squeeze puts defense giants in the crosshairs (CNBC)

World Bank cuts global growth forecast as trade tensions heighten uncertainty (Reuters)

Builders urge govt to delay and review expansion of SST on construction services (The Edge)

Destini Awarded Tubular Handling Service Contract by Hibiscus Oil (Business Today)

UUE Lands RM92.4 Million New Contracts From Single Client (Business Today)

Benalec Holdings Secures 2-Year Bulk Coal Carriage Contract From TNB (Business Today)

Radium Terminates Joint Land Development Agreement In Peatling (Business Today)

Kumpulan Kitacon Secures RM87 Million Building Contract In Rawang (Business Today)

KNM sets creditors’ meeting to vote on full debt settlement plan, eyes turnaround with RM100m cash injection (Malaysian Reserve)

Capital A in the final stages of PN17 exit plan (The Star)

99 Speed Mart clarifies EPF acquired 0.07% stake, raising holding to 5.02% (The Star)

NCT Alliance seeks to boost Sabah land bank via majority stake acquisition (The Edge)

Niche Capital seals deal for exclusive rights to develop gold mining area in Kelantan (The Edge)

[winston]

Market News on 12 JUN 2025

S&P 500 ends lower; traders focus on Middle East tension and await details on trade deal (Reuters)

U.S. inflation rises 0.1% in May from prior month, less than expected (CNBC)

U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% from a year ago (CNBC)

U.S. tariffs on China won’t change again, Lutnick says after trade talks (CNBC)

Bessent says US may 'roll the date forward' for some after 90-day tariff pause ends (Reuters)

Trump says China will supply rare earths in ‘done’ deal (CNBC)

US, China Reach Framework Deal To Ease Export Restrictions (Business Today)

Oil prices rise more than 4% on escalating U.S.-Iran tensions (CNBC)

World Bank Revises Malaysia’s GDP Growth Forecast To 3.9% (Business Today)

Malaysia’s IPI Grows 2.7% In April, Le0d By Manufacturing (Business Today)

MITI Minister Set To Travel For Second US Tariff Talks On June 18 (Business Today)

Binastra Awarded RM268 Million 45-Storey Suite Construction Contract By CPI Land (Business Today)

Mudajaya Reaches Partial Settlement With THB Power, Receives First Tranche Of RM27 Million (Business Today)

SCIB Sees Exit Of Chairman And Three Directors (Business Today)

U Mobile partners with OCK to accelerate nationwide 5G in-building rollout (Malaysian Reserve)

FGV’s independent adviser deems RM229.8m buyouts fair and recommends shareholders vote in favour (Malaysian Reserve)

Bertam uplifted from PN17 status (The Star)

HSSEB Group to speed up diversification to drive sustainable growth (TheSun)

Vizione, Permaju Industries mutually terminate RM490m Sabah housing construction contract (The Edge)

Cuckoo Sets IPO Price Lower At RM1.08, Refunds Due To Retail Investors (Business Today)

Wednesday, 11 Jun 2025 Entitlement Announcemen
5:20PM UOADEV Final Dividend (with Dividend Re-Investment Plan)
5:18PM VS Share Dividend
5:18PM HARNLEN Special Dividend
5:17PM WELLCHIP First and Final Dividend

[winston]

Market News on 13 JUN 2025

S&P 500 closes higher on Thursday, lifted by Oracle rally and favorable inflation report (CNBC)

Trump Says Again He’ll Set Unilateral Tariffs in Two Weeks (Bloomberg)

Trump says he won't fire Fed's Powell but 'may have to force something' on rates (Reuters)

Fed seen on track to resume rate cuts after inflation, job market data (Reuters)

IMF Sees Unwinding of Global Trade Surge Ahead of Trump Tariffs (Bloomberg)

Nvidia to exclude China from forecasts amid US chip export curbs, CNN reports (Reuters)

China affirms trade deal with US, says it always keeps its word (Reuters)

Malaysia’s Natural Rubber Production Drops Sharply In April, Amid Weak Global Demand (Business Today)

Malaysian Government Seeks Lower US Tariff Of 10% On Selected Sectors (Business Today)

FTSE4Good Index adds 19 new constituents, including Carlsberg and Genting Plantations; deletes five in June review (The Edge)

Dagang Exchange Aborts Name Change After Rejection From Registrar (Business Today)

UEM Edgenta Forms Strategic JV In Dubai To Expand Property Management Footprint (Business Today)

Berjaya Land sells Vietnam project stake for RM202m, books RM5.96m gain (Malaysian Reserve)

Green Packet to reallocate private placement funds after Sri Lanka JV termination (Malaysian Reserve)

Chin Hin to procure AAC machinery from Shanghai-listed Jiangsu Teeyer for its third manufacturing plant (The Sun Daily)

VS Industry feels impact of lower sales orders, higher expenses and unfavourable forex (TheSun)

JcbNext reduces stake in Taiwan-listed firm (The Star)

Thong Guan terminates F&B unit sale to major shareholder (The Star)

George Kent advances smart metering with the nation’s first branded ultrasonic water meter (The Star)

Thursday, 12 Jun 2025 Entitlement Announcement
6:08PM TJSETIA Final Dividend
5:57PM BAUTO Fourth Interim Dividend