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

[winston]

Market News on 5 MARCH 2025

Dow tumbles again, loses more than 1,300 points in two days as Trump ignites trade war (CNBC)

Canada's retaliatory tariffs on US goods to start Tuesday, PM Trudeau says (Reuters)

Commerce’s Lutnick hints at possible tariffs pact with Canada, Mexico (CNBC)

China imposes more tariffs of up to 15% on some U.S. goods from March 10 (CNBC)

BMI keeps Brent crude oil price projection at US$76 per barrel in 2025 (The Star)

Malaysia will take ‘necessary action’ if its companies are involved in Nvidia fraud case: Trade minister (CNBC)

IMF forecasts Malaysia’s growth at 4.7% this year (The Star)

Cape EMS gets new single-largest shareholder (The Star)

CPE Technology gears up to meet rising semiconductor demand (TheSun)

No Share Disposal By Hibiscus’ Major Shareholder (Business Today)

Nationgate Claims Not Involved In Nvidia Chip Movement Case (Business Today)

Fiamma to focus on distribution of 'Vino' products under JV with China-based Samyou (The Edge)

MSC proposes one-for-one bonus issue (The Edge)

HeiTech Padu reaffirms commitment to execute RM1 bil LEP Sg Perak project (The Star)

Saliran’s IPO Shares Oversubscribed By 76.03 Times (Business Today)

Tuesday, 4 Mar 2025 Entitlement Announcement

5:14PM OMH Final Dividend

[winston]

Market News on 6 MARCH 2025

Dow closes nearly 500 points higher, S&P 500 surges over 1% on hopes for Trump tariff concessions (CNBC)

Trump to Delay Canada, Mexico Tariffs on Autos for One Month (Bloomberg)

US services sector expands; price growth accelerates amid tariffs (Reuters)

Canada requests WTO consultations with U.S. over ‘unjustified tariffs’ (CNBC)

China targets ‘around 5%’ growth in 2025 and lays out stimulus measures as trade worries mount(CNBC)

China raises budget deficit target to levels not seen since at least 2010 (CNBC)

Anwar: Malaysia's collaboration with ARM represents start of second semiconductor wave (TheStar)

Malaysia Not Shielded From US Tariffs: INSAP (Business Today)

KIP REIT Partners KJTS To Reduce Energy Cost By 15% (Business Today)

MISC Partners PTT For Two Very Large Ethane Carriers (Business Today)

Sunway Construction Awarded RM1.5 Billion RTS TOD Project In Johor (Business Today)

OB Holdings sued over alleged IP infringement dispute (The Edge)

Kerjaya Prospek Property plans two-for-one RCULS to raise RM325m (The Edge)

Vizione to cut share capital by RM500m to offset accumulated losses (The Edge)

Reach Ten Signs Underwriting Agreement For Main Market IPO (Business Today)

Chemlite Seeks To Raise RM30 Million From ACE Market IPO (Business Today)

Generator rental firm Express Powerr files draft prospectus for ACE Market IPO (The Edge)

Wednesday, 5 Mar 2025 Entitlement Announcement

5:55PM OFB Interim Dividend
5:51PM MAGNI Third Interim Dividend
5:22PM PBSB Interim Dividend
5:10PM HUPSENG Special Dividend
5:10PM HUPSENG Third Interim Dividend
5:08PM ABLEGLOB Fourth Interim Dividend

[winston]

Market News on 7 MARCH 2025

Dow tumbles 400 points, Nasdaq enters correction as trade policy fatigue ignites sell-off (CNBC)

U.S. pauses tariffs on some Canadian, Mexican imports until April 2 (CNBC)

Trump says he’s not even looking at stock market, tariffs will make U.S. ‘very strong’ (CNBC)

Broadcom Rallies After AI Growth Fuels Upbeat Sales Forecast (Bloomberg)

ECB cuts rates again but risk of April pause growing (Reuters)

China has more room to act on fiscal policy amid global uncertainties, finance minister says (CNBC)

China to set up national venture capital guidance fund, state planner says (Reuters)

BNM keeps OPR at 3% as it bets on steady growth, with manageable inflation (The Edge)

Pestech International Changes Name To Pestec International (Business Today)

CelcomDigi (CDB) Collaborates With Ericsson To Accelerate 5G-Driven Transformation For O&G Sector (Business Today)

Infringement Suit Filed Against OB Holding In Australian Court (Business Today)

EURO Holdings’ RM56m deal puts Lim Teck Boon in MGO spotlight (Business Today)

REDtone, ST Engineering in next-gen connectivity tie-up (The Sun)

Court approves Sapura Energy’s debt restructuring plan (The Edge)

Sapura Industrial (SAPIND) partners Chinese lithium battery firm to set up battery plant in Malaysia (The Edge)

Nylex to be delisted on March 11 (The Edge)

LC Titan says its parent selling 24% stake in Indonesia ethylene project for about RM2.05b (The Edge)

Cahya Mata Sarawak sued by deputy chairman over account inspection request (The Edge)

MHB's unit to co-develop hydrogen production systems with US firm FuelCell Energy (The Edge)

SDS Group plans one-for-three bonus issue (The Edge)

Thursday, 6 Mar 2025 Entitlement Announcement

1:30PM SUNWAY Second Interim Dividend (with Dividend Re-Investment Plan)

[winston]

Market News on 10 MARCH 2025

Wall St ends higher after Fed chief's comments, but posts big weekly loss (Reuters)

Powell says Fed is awaiting ‘greater clarity’ on Trump policies before making next move on rates (CNBC)

Trump Says US Economy Faces ‘Transition,’ Avoids Recession Call (Blomberg)

China’s consumer inflation turns negative for the first time in 13 months (CNBC)

China to impose retaliatory tariffs on some Canadian products as trade war heats up (CNBC)

Manufacturers Want Putrajaya To Delay Proposed 30% Port Tariff Hike (Business Today)

Local Bank’s Margins To Remain Largely Stable: RAM Ratings (Business Today)

Gobind: Malaysia needs to develop homegrown AI champions within semiconductor industry (Bernama)

Pertama Digital Faces Suspension After Bursa Rejected Time Extension (Business Today)

Capital A gets Bursa nod for regularisation plan to uplift PN17 status (The Edge)

WTK disposes of two loss-making firms for RM40 mil (The Edge)

Econpile bags RM27.2mil substructure works contract at Setia Federal Hill (The Star)

SNS Network secures RM269 mil server system contract (The Edge)

SNS Network partners with Nvidia to launch Malaysia’s first fully managed AI cloud service (The Edge)

Bumi Armada secures RM581 mil contracts from India’s state-owned O&G firm (The Edge)

Swift Energy secures two purchase orders worth RM24.4 mil for energy infrastructure projects (The Edge)

UEM Edgenta bags three-year extension to provide support services to govt hospitals in four states (The Edge)

Globetronics Changes Financial Year End (Business Today)

MN Holdings bags RM58.2 mil substation contract from TNB (The Edge)

MHB inks deal with FuelCell Energy (The Star)

LSH Capital suspends trading until completion of ACE Market listing transfer (The Star)

HI Mobility launches Main Market IPO at RM1.22 per share to raise RM116m (The Edge)

Express Powerr eyes ACE Market listing (The Star)

Friday, 7 Mar 2025 Entitlement Announcement

5:16PM RHBBANK Second Interim Dividend
5:16PM IDBTECH Interim Dividend

[winston]

Market News on 11 MARCH 2025

Dow tumbles nearly 900 points, Nasdaq suffers worst day since 2022 as recession fears erupt (CNBC)

White House pushes back against recession talk as household worries grow, stocks tank (Reuters)

China bonds drop as expectations of imminent rate cuts fade (Reuters)

Bursa Malaysia registers 20 straight weeks of net foreign outflow (The Star)

Malaysia palm oil stocks hit nearly 2-year low in Feb as output drops (The Star)

Fernandes aims to have Capital A’s PN17 status lifted by May, stays silent on a Saudi investment (The Edge)

Capital A won’t be paying out dividends anytime soon, to focus on growth (The Edge)

VSolar wins RM8.79mil solar farm job in Negeri Sembilan (The Star)

Pecca, Shanghai Launch in strategic alliance to drive automotive innovation in Malaysia (The Star)

JF Technology in RM6 mil probe card manufacturer acquisition (The Edge)

MGB secures RM88.57 mil worth of new orders for Al Arous development in Jeddah (The Edge)

Kerjaya Prospek Secures RM51 Million Earthwork Contract From E&O (Business Today)

Yinson Receives Investment From Khazanah For Its EV Charging Unit (Business Today)

Pestech proposes RM28m restricted issue to major shareholder Dhaya Maju Infrastructure (Asia) Sdn Bhd (DMIA) (The Malaysian Reserve)

TDM unit inks build-and-lease deal with Bertam Specialist Hospital (The Star)

WTK exits loss-making plywood manufacturing ops (The Star)

Bursa Malaysia publicly reprimands Oasis Harvest and adviser Mercury Securities over compliance failures in terminated rights issue (The Edge)

Bursa publicly reprimands Annum, fines directors for failing to issue annual report in time (The Edge)

ACE Market-bound LSH Capital's IPO oversubscribed by 11.88 times (The Star)

Engineering firm West River signs up M&A Securities to back ACE Market IPO (The Edge)

Main Market-bound Cuckoo Intl inks IPO underwriting deal (The Star)

[winston]

Market News on 12 MARCH 2025

Dow drops more than 450 points, S&P 500 posts back-to-back loss over Trump tariff uncertainty (CNBC)

US-Canada trade war heats up as Trump doubles metals tariffs, then backs off (Reuters)

Businesses sound alarm as Trump tariff chaos hits the economy (Reuters)

White House says 25% steel and aluminum tariff to go into effect (Reuters)

ES Sunlogy secures RM34m contract for 29.99MWac solar project (The Edge)

MOF injects RM1.1 bil to settle Sapura Energy's debts (The Edge)

Bursa rejects FGV's eighth public spread extension application, sets Sept 10 deadline for compliance (The Edge)

Niche Capital (NICE) plans bonus issue, share capital reduction, and private placement (The Star)

Globaltec (GLOTEC) exits Muara Enim 2 to focus on advanced gas projects (The Malaysian Reserve)

Silver Ridge served UMA query after drop (TheStar)

Erdasan suspends executive director over dubious transactions (The Malaysian Reserve)

Waja Konsortium seeks exemption from GN3 status, applies for time extension (The Malaysian Reserve)

Tuesday, 11 Mar 2025 Entitlement Announcement

5:10PM IDEAL Interim Dividend

[winston]

Market News on 13 MARCH 2025

S&P 500, Nasdaq end higher as cool inflation data calms tariff jitters (Reuters)

US consumer inflation slows in February; tariffs expected to boost prices (Reuters)

Trump threatens further tariffs as EU, Canada retaliate for those already in place (Reuters)

US October-February budget deficit hits record $1.147 trillion (Reuters)

US Commerce chief says nothing will stop metals tariffs, will add copper protections (Reuters)

Malaysia's manufacturing sector sales up 3.5% to RM158.1bil in Jan 2025 - DoSM (The Star)

Malaysia's IPI up 2.1% in Jan 2025 - DoSM (The Star)

Critical Holdings secures two engineering contracts worth RM85m (The Edge)

MN Holdings secures RM168.9m data centre power infrastructure project, order book hits RM892.4m (The Edge)

Gas Malaysia announces adjustment to distribution tariff (The Star)

IJM expands UK portfolio with Finsbury Circus acquisition for £72.5m (The Edge)

Capital A revisits US listing plans for brand management arm (The Edge)

Capital A to sell majority stake in Big Pay to undisclosed regional bank, says CEO Fernandes (The Edge)

Powerwell expands into fire safety with RM4.23m acquisition (The Malaysian Reserve)

Perdana Petroleum bags three-year charter for two vessels from Sarawak Shell (The Edge)

Pentamaster has big plans with Taiwanese partners after privatising Hong Kong unit (The Edge)

Solarvest collaborates with A1Health on RE adoption (TheSun)

MCE bags RM22m contract to supply mechatronics components to US auto parts supplier (The Edge)

Pertama Digital, Netsec partner to strengthen cybersecurity in digital platforms (The Edge)

KNM secures creditors meeting order to negotiate debt restructuring, fails to get restraining order (The Edge)

Wednesday, 12 Mar 2025 Entitlement Announcement

5:38PM BAUTO Third Interim Dividend
5:38PM SPRING First Interim Dividend
12:45PM TENAGA Final Dividend

[winston]

Market News on 14 March 2025

S&P 500 slumps into correction territory on trade war fears (Investing.com)

Trump Vows 200% Tariff on EU Wine, Escalating Trade Tensions (Bloomberg)

Trump’s Tariffs Are Aimed at a Trade Deficit Driven by Popular Goods (Bloomberg)

Foxconn to post higher Q4 profit on AI server demand (Reuters)

Chinese stocks, emerging market debt, see large inflows in February, says Institute of International Finance (IIF) (Reuters)

Nvidia Chip Fraud In Singapore Estimated To Involve Around US$390 Million (Business Today)

Oil settles down more than 1% on tariff worry, supply-demand expectations (Reuters)

Malaysia’s Rubber Production Contracts By 20% In January (Business Today)

Sin-Kung to launch air cargo services in 3Q following Prima Air acquisition completion (The Edge)

Maxis Introduces AI-Powered Concierge For Business Customers (Business Today)

Avangaad signs RM49m deal to acquire marine consultancy and tugboats after PN17 exit (The Edge)

Kerjaya Prospek seals RM11.4m contract for pedestrian ramp in Penang (The Malaysian Reserve)

Ramssol Partners Clickgaming To Launch Ergonomic Training Course (Business Today)

Velesto Energy on expansion trail in Southeast Asia, eyes opportunities in Thailand, Vietnam and Indonesia (The Sun)

LEAP Market-listed Manforce Group plans transfer to ACE Market (The Edge)

Wawasan Dengkil’s IPO Shares Oversubscribed By 17.39 Times (Business Today)

ACE Market-Bound SumiSaujana Aims To Raise RM74.4 Million From IPO (Business Today)

Thursday, 13 Mar 2025 Entitlement Announcement

5:07PM KENANGA Interim Dividend
12:36PM HIBISCS Third Interim Dividend

[winston]

Bursa Malaysia to close on March 18 for Nuzul Al-Quran public holiday

Market News on 17 MARCH 2025

Wall St ends sharply higher as selloff prompts dip-buying rally (Reuters)

US consumer sentiment plunges on tariff fears, inflation expectations jump (Reuters)

China Feb bank lending slows more than expected as US tariffs add to uncertainty (Reuters)

China should choose 'right timing and strength' for monetary easing, state media says (Reuters)

China’s Baidu launches two new AI models as industry competition heats up (CNBC)

Brent crude opens week higher as US vows to keep attacking Houthis (Reuters)

MACC Opens Investigation Into Sapura Energy Over Bribery Reports (Business Today)

LPI Capital To Dispose PBB Shares Under Mandatory Requirement (Business Today)

KJTS, Stonepeak Forms JV Targeting RM1.5 Billion Investments In Local Cooling Assets (Business Today)

Pertama Digital Submits Response To Bursa’s Show Cause Notice (Business Today)

UPA Awards RM33.6 Million Contract For New Factories Construction (Business Today)

Sabah Net And Theta Telecoms Unite To Boost Digital Connectivity (Business Today)

MAG expands prawn aquaculture with RM40m land and asset acquisitions (Malaysian Reserve)

HHRG’s largest shareholders dispose of entire stake at a steep 94% discount (The Edge)

Catcha Digital acquires 60% stake in digital media advertising company for RM37.32m cash (The Edge)

Khazanah-backed TT Vision Holdings says not aware of reason for unusual market activity (The Edge)

Chemlite’s IPO Sees Strong Demand With Oversubscription Rate Of 32.41 Times (Business Today)

Friday, 14 Mar 2025 Entitlement Announcement

6:27PM METROD Final Dividend
5:18PM OSK Final Dividend

[winston]

Market News on 19 MARCH 2025

Wall Street ends lower on tariff worry as Fed decision eyed (Reuters)

The Fed will update its rate projections Wednesday (CNBC)

White House says reciprocal tariffs still intended to take effect from April 2 (Reuters)

US manufacturing output accelerates in February (Reuters)

Commerce chief seeks industry help to prevent China from getting US chips (Reuters)

Nvidia announces Blackwell Ultra and Rubin AI chips (CNBC)

China's industrial output growth beats expectations in January-February (Reuters)

Oil prices ease as Ukraine peace talks offset Mideast instability worries (CNBC)

Straits Energy’s external auditor resigns over fee dispute (Malaysian Reserve)

MRCB decides to go it alone in Cyberjaya (TheStar)

PN17 Ireka Corp Granted 6 Months Extension To Submit Plans (Business Today)

Solarvest Awarded 500MWac LSS Project By TNB Worth RM401 Million (Business Today)

Catcha Goes On Acquisition Spree, Takes Up 51% Stake In Digital Firm For RM22.95 Million (Business Today)

Salcon bags RM99.8m contracts in Kuala Lumpur and Penang (Business Today)

TT Vision refers to MOU with Wawasan Open University in response to UMA query (The Edge)

Jentayu Sustainables (JSB)’ Sabah hydro asset acquisitions mutually terminated (The Edge)

Focus Point proposes one-for-three bonus issue (The Edge)

Rohas Tecnic to divest Vietnamese water infra subsidiary for RM87m (The Edge)

Cfamillie Holdings still largest shareholder of HHRG, behind bid to remove board of directors (The Edge)

Friday, 14 Mar 2025 Entitlement Announcement
6:27PM METROD Final Dividend
5:18PM OSK Final Dividend