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

[winston]

Market News on 20 March 2025

Dow closes nearly 400 points higher after Fed says two rate cuts are still in the cards for 2025 (CNBC)

Fed Holds Rates Steady, Sees Slower Growth and Higher Inflation (Bloomberg)

Fed in no rush to cut rates amid high uncertainty about Trump tariffs (Reuters)

China set to keep lending rates steady on positive signs for economic recovery (Reuters)

Malaysia keeps April crude palm oil export duty at 10% (TheStar)

OCK’s Investment In Solarpack Estimated Around RM91 Million (Business Today)

Affin Bank Partners MUFG Malaysia To Drive Business Cooperation In Strategic Sectors (Business Today)

Gagasan Nadi Disposes En-Bloc Affordable Housing Units In Elmina For RM132.4 Million (Business Today)

TSR Awarded RM219 Million Infrastructure Contract For Kwasa Damansara Township (Business Today)

ITMax System Secures RM26.6 Million CCTV Installation Contract With MBSP (Business Today)

Sentoria’s Subsidiary Faces Winding-Up Order, But Major Shareholder Secures Termination (Business Today)

Hasrul Azuan steps down as HeiTech Padu CEO (TheStar)

Samaiden's indirect unit inks PPA with TNB for 99.99MWac solar PV facility (The Star)

HSS Engineers signs solar PPA with TNB to build 95MW solar PV plant (The Star)

Favelle Favco secures supply contracts with combined value of RM147.1mil (The Star)

Eden enters 21-year PPA with TNB (Malaysian Reserve)

Sapura Industrial partners Germany’s Mubea to boost expertise in automotive component manufacturing (The Edge)

NCT Alliance buys 51% stake in Sabah property developer for RM22m in cash, land swap deal ( The Edge)

Ta Win sees board reshuffle following changes in substantial shareholding (The Edge)

PEOPLElogy Inks Underwriting Agreement With Kenanga IB For ACE Market Listing (Business Today)

Fibromat Signs Underwriting Agreement For Listing Transfer (Business Today)

Wednesday, 19 Mar 2025 Entitlement Announcement
7:09PM LSHBHD Interim Dividend
7:09PM Interim Dividend
5:53PM UZMA Bonus Issue
5:32PM ORGABIO Bonus Issue
5:15PM NATGATE Final Dividend
5:15PM NATGATE Special Dividend

[winston]

Market News on 21 March 2025

Wall St dips in choppy trade as economy, tariff outlook assessed (Reuters)

Trump says Fed would be better off cutting rates as tariffs 'transition' into economy (Reuters)

Trump signs order to increase critical mineral production in the U.S. (CNBC)

Energy Secretary Chris Wright says Trump push to produce more oil is driving down prices (CNBC)

Micron forecasts upbeat quarterly revenue on strong AI memory chip demand (Reuters)

China’s central bank follows U.S. Fed in keeping rates steady as tariff threats pressure yuan (CNBC)

Copper hits US$10,000 fuelled by tariff threats (TheStar)

Malaysia’s Trade Grew 5.9% In February, Trade Surplus Rebounds To RM12.62 Billion (Business Today)

Top Glove 2Q stays in the black, sees growth amid US tariffs and trade rerouting (Business Today)

Cahya Mata Takes Legal Action Against 6 Including Deputy Group Chairman, Bekir Taib (Business Today)

Pharmaniaga To Raise RM353 Million From Rights Issue As Part Of PN17 Exit Plan (Business Today)

Scanwolf Wins RM42 Million Sub-Structure Works Contract (Business Today)

Salcon Receives RM167 Million Order For Water Infrastructure Job In Melaka (Business Today)

MYEG And PPZ-MAIWP Launch Waqf Online Payment System (Business Today)

IJM lodges report with MCMC over online allegations (TheStar)

MSM plans Tg Langsat as sugar export hub, eyes new markets (TheStar)

Hextar unit appointed sole distributor of Petromin lubricants in Malaysia (The Star)

Iskandar Waterfront City (IWCITY) unveils regularisation plan to convert debt into equity, issue new shares (The Edge)

Reservoir Link (RL) unit secures RM11.6m contract to build rooftop solar generating facility (The Edge)

WTEC Signs Underwriting Agreement For ACE Market IPO (Business Today)


Thursday, 20 Mar 2025 Entitlement Announcement

6:21PM ECOWLD First Interim Dividend
6:20PM TANCO-WC Adjustment
6:20PM TANCO Bonus Issue
5:28PM GESHEN Bonus Issue
5:09PM MFCB Final Dividend

[winston]

Market News on 24 MAR 2025

Wall St ends higher, dollar rises as Trump signals tariff respite (Reuters)

Trump Plans His Tariff ‘Liberation Day’ With More Targeted Push (Bloomberg)

February CPI Print Shows Inflation Slowing To 1.5% (Business Today)

Malaysia And India Expected To Ink Semiconductor Partnership (Business Today)

Alliance Bank proposes renounceable rights issue of shares to raise RM600m (The Edge)

Genting to pay US$10.5mil fine in Nevada gaming settlement (TheStar)

FSBM partners with Dataprep to enhance cybersecurity, e-money, and software services (The Edge)

Lianson (LFG) To Form JV Company For Ship Leasing and Maritime Services (Business Today)

Inta Bina buys company with development rights in Bandar Glenmarie for RM5m (The Edge)

Bonia Corp Diversifying With Plans To Acquire 75% Stake In One Seafood (Business Today)

SCIB Terminates RM30.7 Million DBKL Smart Lamp Project Job Order (Business Today)

REDtone Sells HeiTech Padu Shares For RM15.3 Million (Business Today)

Salcon to expand healthcare, renewable energy segments in diversification bid (The Edge)

Crest Builder plans private placement to raise RM24.3m for debt repayment, working capital (The Edge)

Jentayu Sustainables (JSB) incurs RM6.35m cost from aborted hydro asset acquisitions (The Edge)

Unique Fire secures SC approval for transfer to Main Market (The Edge)

Main Market-bound HI Mobility’s IPO shares oversubscribed by 6.6 times (The Edge)

Poultry farmer Farmiera seeks ACE Market IPO (The Edge)

Friday, 21 Mar 2025 (Entitlement Announcement

5:45PM METRO First Interim Dividend
5:37PM CEPAT Others
5:36PM CEPAT Special Dividend
12:40PM VS Second Interim Dividend

[winston]

Market News on 25 MAR 2025

Dow jumps nearly 600 points on Monday as investors hope Trump softens tariff stance (CNBC)

Trump auto tariffs are coming, but not all levies will be imposed April 2, sending stocks higher (Reuters)

Trump says he would like to see the Federal Reserve lower interest rates (Reuters)

Trump says he will soon announce tariffs on autos, aluminum, pharmaceuticals (Reuters)

Oil rises 1% as Trump plans tariff on countries that buy Venezuelan oil, gas (Reuters)

Bank Negara projects 4.5%-5.5% GDP growth, inflation to remain manageable (The Star)

PM Wants Malaysia To Expedite AI Adoption (Business Today)

Malaysia to tighten semiconductor regulations, monitor chip movements - Tengku Zafrul (TheStar)

Dayang wins workboat jobs from Petronas Carigali; EPF reemerges as substantial shareholder (The Edge)

Cut-off date for AAX's takeover of Capital A’s aviation assets extended again, to May 30 (The Edge)

Nestcon wins RM100 mil earthworks job in Beringin High-Tech Auto Valley (The Edge)

Cypark Sees Better Cash Flow After Revised Tipping Fee For Its WTE Facility (Business Today)

Propel Global (PGB) Disposing 30% Stakes In Propel Maxflo For RM7.39 Million (Business Today)

Datuk Keh Resigns As Chairman Of Tex Cycle And K Seng Seng (Business Today)

Catcha Digital acquires Theta Service Partner for RM35mil (The Star)

Mohd Khairul Adib emerges as substantial shareholder in NexG (TheStar)

Borneo Oil chosen as Petronas’ Sabah vendor, teams up with Chinese firm to bid for drilling projects (The Edge)

Govt to pay Awantec's unit RM201.45mil to resolve immigration contract dispute (The Star)

Axiata shareholders approve XL Axiata-Smartfren merger (The Edge)

MHB unit bags EPCIC contract from Vestigo Petroleum for offshore wellhead platforms (The Edge)

Advancecon gets RM56.6m infrastructure works contract (The Edge)

Scanwolf bags RM10mil PV sub-contract (The Star)

Enproserve gets green light for ACE Market listing (The Star)

Monday, 24 Mar 2025 Entitlement Announcement

5:16PM DUFU Final Dividend
1:10PM AXIATA Second Interim Dividend

[winston]

Market News on 26 MAR 2025

Stocks Eke Out Gain as Tech Drives (Bloomberg)

Rising fears of tariffs pummel US consumer confidence to four-year low (Reuters)

US Copper Hits Record High on Tariff Bets, Halted Shipments (Bloomberg)

YTL Communications partners Equinix, Transcelestial to enhance connectivity, AI capabiliities (The Star)

Tobacco Display Ban Effective April 1: MOH (Business Today)

Malton inks MOU with Shenzhen Apexls to incorporate advanced LED tech into Malaysia property projects (The Edge)

Aberdeen emerges as substantial shareholder in Eastern & Oriental (The Edge)

Cape EMS teams up with Taiwanese aerospace firm to enter into aerospace parts, expand renewable energy (The Edge)

Bursa Approves Leform’s 148.1 Million Private Placement Shares (Business Today)

Velesto plans RM1.2bil capital reduction to strengthen financial position (The Star)

MBSB Bank demands to auction KNM’s land in Kuantan over RM116m debt (The Edge)

Tuesday, 25 Mar 2025 Entitlement Announcement

5:41PM LGMS Final Dividend
5:29PM MCEHLDG First Interim Dividend
5:05PM BNASTRA Interim Dividend

[winston]

Bursa will be closed on Monday and Tuesday (March 31 and April 1) in conjunction with the Hari Raya Aidilfitri

Market News on 27 MAR 2025

Wall Street ends down sharply on tariff worries; Nvidia and Tesla drop (Reuters)

Trump says tariffs coming in April will ‘probably be more lenient than reciprocal’ (CNBC)

Trump Weighs Imposing Copper Import Tariffs in Weeks, Not Months (Bloomberg)

Trump announces 25% tariffs on all cars ‘not made in the United States’ (CNBC)

Wall Street job cuts loom as market turmoil stalls deals (Reuters)

U.S. blacklists over 50 Chinese companies in bid to curb Beijing’s AI, chip capabilities (CNBC)

Oil Gains as US Stockpile Data Highlights Tighter Supply Outlook (Bloomberg)

Solarvest secures RM103m EPCC contract from Penang Development Corp unit (The Edge)

ITMAX clinches RM30m smart surveillance contract from Pengerang Municipal Council (The Edge)

Gamuda's orderbook hits record RM36bil, driven by international projects (The Edge)

LSH Formally Accepts 20-Year Lease Agreement For KL Tower (Business Today)

Bintai Kinden wins contract from Teladan to build office blocks in Seremban (The Edge)

Rohas Tecnic bags RM93m transmission line contract from TNB (The Edge)

Nestcon bags RM228m construction contract in KL (The Edge)

Dayang secures two vessel contracts from Hibiscus (The Edge)

CAB Cakaran opens 15th outlet in Penang, plans 100 more in the next decade (TheStar)

Kim Loong aims to increase fresh fruit bunch (FFB) production (TheStar)

Healthcare services company PMCK gets Bursa's nod for ACE Market listing (The Edge)

Cuckoo launches Malaysia’s biggest IPO in seven months at RM1.29 per share (The Edge)

Wednesday, 26 Mar 2025 Entitlement Announcement

5:53PM COSMOS Interim Dividend
5:28PM KMLOONG Second Interim Dividend
5:23PM HAILY Second Interim Dividend
5:16PM SNS Fourth Interim Dividend
5:13PM GASMSIA Final Dividend

[winston]

Market News on 28 MAC 2025

S&P 500 ends lower as investors digest Trump's auto tariffs (Reuters)

Trump's auto tariffs complicate Fed's deliberations on rates (Reuters)

Trump threatens ‘far larger’ tariffs if EU and Canada unite to do ‘economic harm’ to the U.S. (CNBC)

US Economy Grew 2.4% Last Quarter as Corporate Profits Jumped (Bloomberg)

IMF assessing Trump's tariff plans, does not see US recession (Reuters)

U.S. Congressional Budget Office (CBO) sees US deficits rising over 30 years, economic growth slowing (Reuters)

Bursa Malaysia appoints Farid Alias as new chairman, effective May 1 (The Star)

Capital A seeks Bursa Securities' approval to extend issuance of PN17 regularisation plan circular (Bernama)

NexG* emerges as *MMAG's substantial shareholder with 9.53% stake (The Edge)

KPJ to inject two hospital assets into Al-Aqar Healthcare REIT (The Edge)

K-One Technology secures exclusive deal to distribute UK's CIGA Healthcare test kits in Malaysia (The Edge)

Malakoff gets second phase of solar energy contract from sister company Northport (The Edge)

Flexidynamic plans acquisition of glove former maker (The Edge)

Keyfield selling accommodation workboat to Mumbai firm for RM55.4 mil (The Edge)

Muhibbah Engineering (M) Bhd (MEB) has acquired 12.52 million Master-Pack Group Bhd (MPGB) shares for RM54.65mil cash at an average price of RM4.36 per share

Jati Tinggi wins RM48.4m TNB contract for Johor data centre (The Malaysian Reserve)

Former KL Tower operator sues LSH Capital, govt over concession award (The Edge)

Steel Hawk Appointed As Petronas Carigali’s EPCC Works Panel Contractor (Business Today)

Sapura Energy swings to profit in FY2025, CEO says worst is over (The Malaysia Reserve)

HHRG suspends top executives, also its largest shareholders, at subsidiary amid internal probe (The Edge)

Southern Score (SSB8) sets sights on transfer to Main Market (The Edge)

ACE-Market Bound Oasis Home Inks Underwriting Agreement With MIDF Investment (Business Today)

Thursday, 27 Mar 2025 Entitlement Announcement

5:53PM CRESNDO Special Dividend
5:52PM CRESNDO Second Interim Dividend
5:42PM MALAKOF Final Dividend
5:30PM CETECH Second Interim Dividend
5:07PM CARLSBG Final Dividend

[winston]

Market News on 2 APRIl 2025

S&P, Nasdaq end higher as Wall Street gyrates in Trump-tariffs limbo (Reuters)

Weaker jobs signal, stronger prices highlight potential Fed dilemma (Reuters)

Trump’s upcoming tariffs ‘will be effective immediately,’ White House says (CNBC)

White House considering roughly 20% tariff on most imports, report says (CNBC)

China's factory activity speeds up on export boost, Caixin PMI shows (Reuters)

ISM Manufacturing PMI for Mar in United States is 49, lower than the previous value of 50.3. The forecast was 49.5 (AAStocks)

OPEC+ members to meet Thursday, likely to stick to planned output hikes, sources say (Reuters)

U Mobile Obtains Official Letter From MCMC For Second 5G Network (Business Today)

Petronas Responds On Putra Heights Gas Pipeline Fire (Business Today)

Kumpulan Perangsang Selangor Proposes Change Of External Auditor (Business Today)

Redtone raises stake in Salcon to 2.84% with open market purchase (The Star)

Sarawak Cable's external auditor issues disclaimer of opinion on financial statements (TheStar)

Able Group (ABLEGLOB) chairman charged with abetment of dishonest misappropriation (TheStar)

Tan Kean Soon steps down as T7 Global executive deputy chairman, board says no operational impact (The Edge)

UEM Edgenta unit secures interim agreement to provide hospital support services (The Edge)

Kerjaya Prospek Property plans to raise RM147 mil via rights issue of shares, loan stocks (The Edge)

DNeX goes to court in bid to overturn arbitration ruling against its units (The Edge)

Farhash Wafa emerges as MMAG’s largest shareholder, named chairman (The Edge)

Pasukhas proposes RM115m share capital reduction (The Edge)

SumiSaujana Saw Its IPO Oversubscribed By 1.85 Times (Business Today)


Friday, 28 Mar 2025 Entitlement Announcement
6:04PM MPIRE Rights Issue
5:38PM MHC Special Dividend
5:35PM MHC Interim Dividend
5:12PM DRBHCOM Final Dividend
12:46PM KPS Final Dividend

[winston]

Market News on 3 APRIL 2025

Dow futures tumble 1,000 points on fear Trump’s tariffs will spark trade war (CNBC)

See Trump’s list: More than 180 countries and territories facing reciprocal tariffs (CNBC)

Trump announces 10% tariff on all imports, with higher rates for some countries (Reuters)

Trump’s massive 46% Vietnam tariffs could hit Nike, American Eagle, Wayfair (CNBC)

Fed officials cautious on rates amid tariff-related inflation risks (Reuters)

Malaysia’s manufacturing PMI falls in March amid global trade uncertainty (TheStar)

Foreign investors extend 23-week selloff on Bursa Malaysia, outflow at RM1.15bil (TheStar)

Signs Of More Dovish Monetary Policy As Ringgit Stables In March: MARC (Business Today)

T7 Global Claims No Investigation On The Company (Business Today)

Westports To Undertake Dividend Reinvestment Plan (Business Today)

LBS’ MOU With Sany Group Lapses (Business Today)

Rohas Wins Partial Award Against HG Power (Business Today)

OCK’s Business Not Severely Impacted By Myanmar Quake (Business Today)

YNH Property expects independent review of contracts to be completed by April 9 (The Edge)

ICT Zone Asia concludes exit offer with little change to joint offerors' stake (The Edge)

Manforce receives Bursa greenlight for exemption from extending exit offer in ACE Market transfer (The Edge)

[winston]

Market News on 7 APR 2025

Dow futures fall 1,500 points Sunday as Trump tariff market collapse worsens (CNBC)

Dow drops 2,200 points Friday, S&P 500 loses 10% in 2 days as Trump’s tariff market rout deepens (CNBC)

Nasdaq confirms it is in bear market, ending more than 20% below record close (Reuters)

Fed's Powell says larger-than-expected tariffs likely to boost inflation, slow growth (Reuters)

China says ‘market has spoken’ after Trump tariffs spark global stocks rout (CNBC)

Over 50 nations want to start trade talks with US after tariffs, Trump officials say (Reuters)

U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears (CNBC)

PM Does Not Foresee A Recession Following The Harsh US Tariff (Business Today)

Anwar: Malaysia Still Assessing The Impact Of US Tariff On National Economy (Business Today)

Tan Yu Yeh steps down as MR D.I.Y. executive vice chairman, assumes advisor role (TheStar)

Radium Development to diversify into healthcare with 140-bed hospital in Malacca (The Edge)

Greatech down nearly 9% after being flagged as biggest loser in tech following Trump’s new tariffs (The Edge)

EXSIM Hospitality wins RM1.13mil design and build contract (The Star)

Lianson Fleet (LFG) sells offshore vessel to Dubai company for RM31m (The Malaysian Reserve)

OMH completes US$168m debt refinancing, strengthening capital structure (The Malaysian Reserve)

Ho Hup to pay RM7m over aborted Bukit Jalil project (The Malaysian Reserve)

Fitters plans to sell full stake in unit to US biotech firm (The Malaysian Reserve)