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

[winston]

Market News on 13 FEB 2025

Dow closes 200 points lower, S&P 500 falls after hot consumer inflation report (CNBC)

US consumer inflation increases at fastest pace in nearly 1-1/2 years in January (Reuters)

Powell Says New Inflation Data Show Fed Has More Work to Do (Bloomberg)

Trump reciprocal tariffs could come by Thursday, White House says (CNBC)

Oil sinks 2% after Trump calls Putin, Zelenskiy to discuss end to war in Ukraine (Reuters)

Genting Malaysia, Inari removed from MSCI Malaysia Index (The Star)

Steel Hawk wins contract from PETRONAS to supply manpower services (The Star)

Khazanah-EPF led consortium GDA closes MAHB takeover offer with 98.68% stake (The Edge)

Revenue Group plans rights issue to finance diversification into money lending (The Edge)

NCT Group partners OM Charge for EV charging project at NCT Smart Industrial Park (The Edge)

Privasia Tech bags RM9m tender to supply ICT equipment (The Malaysian Reserve)

Binastra bags RM250m job to build data centre in Cyberjaya (The Edge)

KGW Logistics strengthens global footprint with Accelerated Global Solutions Inc (AGS) investment (The Malaysian Reserve)

Matrix Concepts in related-party transaction for land deal worth RM90.91mil (The Star)

Wednesday, 12 Feb 2025 Entitlement Announcement

5:39PM PAVREIT Income Distribution

[winston]

Market News on 14 February 2025

Dow closes more than 300 points higher as Trump holds off on imposing new tariffs, Nvidia jumps (CNBC)

Trump Moves to Impose Reciprocal Tariffs as Soon as April (Bloomberg)

Trump prepares to change US CHIPS Act conditions, sources say (Reuters)

Trump warns BRICS nations could face 100% tariffs (Reuters)

US producer inflation trends higher; labor market remains stable (Reuters)

CPO To Hit RM4,850 But Further Rally Could Be Capped: MPOC (Business Today)

Anwar: Foreign holdings in capital market remain around 19% as of January 2025 (TheStar)

Sunway signs master agreement for RM2.6b transit-oriented project in Johor, shares rise (The Edge)

DNeX obtains final arbitration award in TETHYSTRONICS Technologies Co Ltd (TTCL) disputes (TheMalaysiaReserve)

MMAG moots expansion into financial, aviation services (Bernama)

T7 Global gets sixth five-year O&G maintenance, commissioning contract (The Edge)

Dialog Discontinues Malic Acid Project, Writes Off RM90.7 Million (Business Today)

Trading in MAHB shares to be suspended from Feb 20 (The Star)

Careplus' 51%-owned unit sued over share purchase deal (The Edge)

China to pay GUH Holdings RM119m for compulsory purchase of Suzhou industrial land (The Edge)

Able Global executive chairman Ng Keng Hoe remanded by MACC (The Edge)

Thursday, 13 Feb 2025 Entitlement Announcement

1:21PM LUXCHEM Interim Dividend
12:43PM CDB Fourth Interim Dividend

[winston]

Market News on 18 February 2025

China's tech rally rests on 'hot money' (Reuters)

China to strengthen support for metals vital to EVs and energy storage (Reuters)

OPEC+ is not considering delay to April oil supply hike, Novak says (Reuters)

BNM governor: Ringgit in right direction despite uncertainties caused by US trade war (TheStar)

EcoWorld sells land in Johor to Microsoft for RM693mil (TheStar)

Maybank announces departure of CFO after internal inquiry; Khalijah plans legal action (TheEdge)

Genetec Expands Horizon With New US Customer (The Edge)

YNH Property to release independent review of JV and turnkey contracts by March 17 (The Edge)

Chin Hin’s Chiau family buys 5.4% in K Seng Seng for RM8.3 mil (The Edge)

Kinergy Advancement (KAB) partners Perak state agency to develop 29 renewable energy projects (The Edge)

Proven Venture Capital emerges as substantial shareholder in MGRC (The Edge)

Ho Hup Construction and Sunrise Model resolve legal dispute amicably as court strikes out petition (The Edge)

ICT Zone Asia gets approval for all pre-conditions to transfer listing to ACE Market (The Edge)

Chemlite Gets Nod For ACE Market Listing (Business Today)

Monday, 17 Feb 2025 Entitlement Announcement

6:51PM OBHB Interim Dividend
6:06PM T7GLOBAL Bonus Issue
5:21PM TEOSENG Fourth Interim Dividend
5:03PM JPG Interim Dividend

[winston]

Market News on 20 February 2025

S&P 500 closes at record, shrugging off rate, tariff jitters (Reuters)

Fed officials weighed slowing or pausing bond drawdown last month (Reuters)

Fed officials are worried about tariffs’ impact on inflation and see rate cuts on hold, minutes show (CNBC)

Trump suggests 25% tariffs on autos, pharma and semiconductors that could go even higher (CNBC)

Apple reveals first custom modem chip, shifting away from Qualcomm (Reuters)

In balancing risks and rewards, China set to leave lending rates unchanged in Feb (Reuters)

China proposes new rules to tighten control over rare earth sector (Reuters)

Tex Cycle Acquires 60% Stake In Safety & Environment Lab For RM8.4 Million (Business Today)

Southern Cable Lands Substantial RM403 Million Supply Contract From TNB (Business Today)

E.A. Technique exits PN17, changes name to Avangaad (The Star)

ManagePay Systems lands ferry ticketing system contract for Penang Port (Malaysian Reserve)

Ni Hsin teams up with Beijing Zhongke, Shenzhen United Aircraft to assemble, distribute drones in Malaysian, Asean markets (The Edge)

Hektar REIT buys industrial asset in Penang for RM30 mil from MQ Tech’s unit (The Edge)

ITMAX executive director sells remaining 4.6% stake for RM174m (The Edge)

Salcon bags RM70.5 mil pipe replacement contract (The Edge)

Pantech Global riding the steel wave to IPO (The Star)

Saliran eyes RM22mil from IPO, S-E Asia expansion (The Star)

Wednesday, 19 Feb 2025 Entitlement Announcement

5:59PM KGROUP Share Consolidation
5:58PM DPHARMA Second Interim Dividend
5:13PM PENERGY Interim Dividend
5:13PM VOLCANO Interim Dividend

[winston]

Market News on 24 FEB 2025

Dow drops 700 points for worst day of 2025 so far on new fears about economic growth (CNBC)

Trump orders trade chief to revive tariff retaliation against digital taxes (Reuters)

US consumer sentiment plunges in February on tariff worries (Reuters)

Warren Buffett amasses more cash and sells more stock, but doesn't explain why in annual letter (CNBC)

Exsim Hospitality (EXSIMHB) secures RM13m interior design contract for D’Velada project in Bukit Jalil (The Edge)

Northern Solar eyes growth amid rising clean energy demand (The Sun)

AutoCount (ADB) launches PalmPOS to empower micro-SMEs with affordable e-invoicing solution (The Sun)

CN Asia plans capital reduction to pare accumulated losses (The Edge)

EPMB forms joint ventures with Sanly and Jujin to localise Proton components (The Star)

Mudajaya files petition to wind up power producer THB Power over RM60.6m debt (The Edge)

MSB Global secures Bursa Malaysia’s approval for ACE Market listing (The Star)

Friday, 21 Feb 2025 Entitlement Announcement

6:52PM PA Interim Dividend
6:11PM SPTOTO Second Interim Dividend
6:05PM 3REN Interim Dividend
6:01PM PARAMON Interim Dividend
5:40PM WELLCAL First Interim Dividend
1:26PM PETGAS Fourth Interim Dividend
1:07PM PCHEM Second Interim Dividend
12:54PM MISC Interim Dividend

[winston]

Market News on 25 FEB 2025

Nasdaq, S&P 500 fall as AI caution weighs on tech, Nvidia results in focus (Reuters)

Trump says tariffs on Canada and Mexico ‘will go forward’ (CNBC)

Nvidia's earnings to be a test of AI chip demand as DeepSeek sows spending doubts (Reuters)

US manufacturers see higher metal prices as tariffs near (Reuters)

HeiTech Padu JV Unit Secures Hydroelectric Project Worth RM1.03 Billion From TNB (Business Today)

All approvals for AirAsia X's takeover of Capital A's aviation business to be received by end-February, says budget carrier (The Edge)

George Kent Establishes Subsidiary For Automated Meter Reading Business (Business Today)

Lii Hen reports damage to rubber estate, files police report (The Malaysian Reserve)

NEXG wins RM9.97mil contract from Civil Aviation Authority of Malaysia (CAAM) (The Star)

Scicom secures 15-year contract for TVET digital platform (The Star)

BJssets signs JV to expand automotive assembly lines and operations (TheStar)

YTL Communications (Subsidiary of YTLPowr) enters strategic JV with Bullish Aim group (TheStar)

Nestcon bags RM58m infrastructure job in Johor (The Edge)

HI Mobility inks underwriting agreement with Maybank for Main Market IPO (The Edge)

Main Market-bound Pantech Global's IPO draws RM663m retail interest (The Edge)

Monday, 24 Feb 2025 Entitlement Announcement

6:39PM TSA Final Dividend
6:33PM SIGN Interim Dividend
6:18PM CARLORINO Interim Dividend
6:10PM KAWAN Final Dividend
5:50PM OPENSYS First Interim Dividend
5:49PM BIPORT Fourth Interim Dividend
5:27PM EDELTEQ Interim Dividend
5:23PM CTOS Fourth Interim Dividend
5:17PM INNO Fourth Interim Dividend
5:11PM TONGHER Final Dividend
5:06PM PPHB Interim Dividend
1:06PM SIME First Interim Dividend
1:05PM SIME Special Dividend
8:42AM UTDPLT Final Dividend
8:42AM UTDPLT Special Dividend

[winston]

Market News on 26 FEB 2025

S&P 500 slides for a fourth day after consumer confidence data disappoints, Nasdaq drops 1% (CNBC)

Bond yields slide as US growth fears, tech rout snowball (Reuters)

Trump policy concerns send US consumer confidence plummeting to eight-month low (Reuters)

Copper Jumps in New York as Trump Opens Door to New Levies (Bloomberg)

Trump team seeks to toughen chip controls over China, Bloomberg News reports (Reuters)

Unit price index of cement in January up 0.2-2.9% month-on-month (The Sun)

Eco World Inks Build And Lease Data Centre Agreement Valued At RM4.8 Billion (Business Today)

Analabs acquires RM30.6m in Maybank shares for dividend, capital gains (The Malaysian Reserve)

NEXG plans private placement to raise up to RM134 mil, boost Bumiputera shareholding (The Edge)

Pekat’s newly acquired power distribution unit bags RM97m contract from TNB (The Edge)

EPMB, Sanly Auto form JV for Proton auto parts (The Malaysian Reserve)

Destini bags RM10mil contract from EnQuest Petroleum (The Star)

Tuesday, 25 Feb 2025 Entitlement Announcement

6:47PM BPPLAS Fourth Interim Dividend
6:38PM PRESTAR Second Interim Dividend
6:37PM PLINTAS Income Distribution
6:19PM DYNAMIC Interim Dividend
6:04PM UCHITEC Third Interim Dividend
6:04PM UCHITEC Special Dividend
5:45PM UMSNGB Interim Dividend
5:45PM ITMAX Interim Dividend
5:38PM LAGENDA Second Interim Dividend
5:33PM NESTLE Interim Dividend
5:28PM SLP Fourth Interim Dividend
5:27PM TM Second Interim Dividend
5:27PM TM Special Dividend
5:26PM APM Second Interim Dividend
5:25PM KEYFIELD Fourth Interim Dividend
5:25PM PADINI Third Interim Dividend
5:22PM HARBOUR First Interim Dividend
5:13PM HPMT Second Interim Dividend
5:12PM OFI Interim Dividend
5:12PM BONIA Interim Dividend
1:42PM FRONTKN Interim Dividend
1:03PM FM First Interim Dividend
12:46PM IOICORP First Interim Dividend
12:43PM HIBISCS Second Interim Dividend

[winston]

Market News on 27 FEB 2025

S&P 500 ekes out gain after rally cools on tariff concerns (Investing.com)

Trump sows confusion on tariffs for Canada and Mexico, floats 25% duty on EU goods (Reuters)

Nvidia sales grow 78% on AI demand, company gives strong guidance (CNBC)

China to inject at least US$55b of fresh capital into several big banks, Bloomberg reports (Bloomberg)

Oil Dips to New 2025 Low as Market Digests Trump Trade Blitz (Bloomberg)

MITI Pushes For Steel Industry Restructuring (Business Today)

Maybank president says CFO search ongoing, internal inquiry an isolated case (TheStar)

Chin Hin Group Property plans first bonus issue in nearly two decades (The Edge)

Axiata says in talks with potential new shareholder for Boost (The Edge)

JHM Consolidation wins RM115.22mil contract from Magna Autosystems (The Star)

Sapura Energy secures multiple new contracts worth RM3.2b collectively (The Edge)

KNM shares to be suspended pending material announcement (The Edge)

Wednesday, 26 Feb 2025 Entitlement Announcement

6:58PM CLOUDPT Second Interim Dividend
6:53PM GCB Special Dividend
6:52PM RPLANET Interim Dividend
6:47PM SUNWAY-PA Others
6:46PM RGB Fourth Interim Dividend
6:46PM RGB Special Dividend
6:36PM EDGENTA Interim Dividend
6:14PM GDB Interim Dividend
6:06PM DOMINAN Third Interim Dividend
6:01PM VSTECS Second Interim Dividend
6:01PM VSTECS Special Dividend
6:00PM AWC First Interim Dividend
5:59PM OKA Interim Dividend
5:58PM ADB Interim Dividend
5:57PM PMETAL Fourth Interim Dividend
5:41PM PTRANS First Interim Dividend
5:31PM KGB Fourth Interim Dividend
5:26PM AMWAY Interim Dividend
5:25PM TIMECOM Interim Dividend
5:24PM TIMECOM Interim Dividend
5:19PM GENP Final Dividend
5:18PM GENP Special Dividend
5:15PM SIMEPROP Second Interim Dividend
5:15PM SHANG Final Dividend
5:14PM INNATURE Final Dividend
5:14PM AHEALTH Final Dividend
5:13PM LTKM Second Interim Dividend
5:08PM PWROOT Interim Dividend
5:08PM HSPLANT Second Interim Dividend
12:37PM PBBANK Second Interim Dividend
12:37PM HLFG Interim Dividend
12:33PM HLBANK Interim Dividend

[winston]

Market News on 3 MARCH 2025

S&P 500 surges 1% Friday to end stormy February as investors look past Trump-Zelenskyy clash (Reuters)

Inflation, growth may be in conflict but Fed seen restarting cuts in June (Reuters)

Trump announces strategic crypto reserve including bitcoin, Solana, XRP and more (CNBC)

Trump orders new tariff probe into US lumber imports (NST)

Treasury Secretary Bessent says Trump tariffs won’t cause inflation to increase (CNBC)

Xi Prepares to Unveil China Stimulus Plan as Trade War Heats Up (Bloomberg)

China February manufacturing hits 3-month high, but US tariff war clouds outlook (Reuters)

EPF declares dividend rates of 6.3% for both conventional, shariah savings for 2024 — highest since 2017 (The Edge)

Exsim Hospitality to raise up to RM250.8 mil via rights issue, partly for hotel purchase in Empire City

Malakoff completes RM133 mil stake buy in E-Idaman after several cut-off date extensions (Business Today)

Guan Chong (GCB) to raise RM470m via bonus issue of warrants (The Edge)

Inta Bina clinches RM181m mixed development construction contract (The Edge)

Theta Edge wins RM131m Socso IT systems contract (The Edge)

Vetece secures RM25mil software licence order (The Star)

OSK Holdings proposes 1-for-2 bonus issue (The Star)

MISC lands long-term charter for two ethane carriers from Thailand’s PTT (Malaysian Reserve)

Wawasan Dengkil aims to raise RM27mil in IPO, focused on large-scale projects (The Star)

Friday, 28 Feb 2025 Entitlement Announcement

7:31PM ARREIT Income Distribution
6:53PM FGV Final Dividend
6:39PM KPJ Special Dividend
6:34PM KPJ Interim Dividend
6:11PM JTIASA First Interim Dividend
6:10PM TOPVISN Final Dividend
6:02PM PPB Final Dividend
5:42PM WASCO First Interim Dividend
5:41PM SAMCHEM Third Interim Dividend
5:40PM LEESK Interim Dividend
5:40PM IRIS Second Interim Dividend
5:31PM TEKSENG Second Interim Dividend
5:30PM SYNERGY Second Interim Dividend
5:29PM GFM Interim Dividend
5:07PM COASTAL Special Dividend
5:06PM PWF First Interim Dividend
5:06PM CIMB Second Interim Dividend
1:30PM DANCO Second Interim Dividend
1:11PM BIMB Second Interim Dividend
1:08PM UNISEM Fourth Interim Dividend
12:53PM THPLANT Final Dividend
12:46PM ARMADA Interim Dividend
12:36PM KERJAYA Fourth Interim Dividend
12:32PM DELEUM Second Interim Dividend

[winston]

Market News on 4 MARCH 2025

Wall St closes lower as Trump sets 25% tariffs, manufacturing data dips (Reuters)

Trump Doubles China Tariff, Says Canada, Mexico Duties to Go Ahead Tuesday (Bloomberg)

US manufacturing stable, price pressures surge ahead of tariffs storm (Reuters)

Nvidia’s unofficial exports to China face scrutiny after arrest of silicon smugglers in Singapore (CNBC)

Nvidia shares fall 9% on tariff fears (CNBC)

Oil prices fall 2% to 12-week low with OPEC+ set to increase output (Reuters)

Malaysia’s manufacturing PMI hits six-month high, signals stabilisation (TheStar)

Bursa Sees Higher Net Outflow From Foreign Investors, Disposing RM1.27 Billion (Business Today)

MITI Probing Claims Of Nvidia Chips Shipped Through Malaysia (Business Today)

EXSIM Secures Work Orders Worth RM127.9 Million (Business Today)

Pecca Partners Zhejiang Tenchen For Automotive Seating Solutions In Malaysia (Business Today)

SSF Enhances Digital Presence Through Partnership With Haqqi Mall (Business Today)

EDEN Secures 2 Year Power Purchase Extension From Sabah Electricity (Business Today)

Velocity Capital becomes substantial shareholder in MMAG with RM60m investment (Malaysian Reserve)

ACE Market-listed SFP Tech shelves Main Market transfer (TheStar)

Bursa Malaysia issues UMA query to Nationgate after sharp fall in share price (TheStar)

Sime Darby Property confident in data centre expansion despite US semiconductor tariffs (TheStar)

Handal Energy explores healthcare venture with RM69m hospital deal (Malaysian Reserve)

Nestcon to diversify into property development as it jointly undertakes apartment job in PJ (The Edge)

WCT gets nod from SC for Paradigm REIT listing (The Edge)

UEM Edgenta secures RM40.4m traffic management contract from chairman-linked company (The Edge)

Catcha Digital to continue M&A spree, expansion may exceed RM80 mil target (The Edge)

Monday, 3 Mar 2025 Entitlement Announcement

6:15PM BORNOIL Bonus Issue
12:50PM MBSB Interim Dividend
12:39PM SPSETIA Final Dividend
12:37PM SPSETIA-PC Others
12:36PM SPSETIA-PA Others