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

[winston]

Market News on 23 APR 2025

Dow jumps 1,000 points Tuesday to snap four-day string of losses (CNBC)

Trump: No plans to fire Fed Chair Powell, but wants lower rates (Reuters)

IMF slashes 2025 U.S. growth forecast to 1.8% from 2.7%, citing trade tensions (CNBC)

New US tariffs on solar imports threaten to phase out Chinese solar panel makers in Malaysia (The Edge)

US slaps up to 3,521% tariffs on solar imports from Malaysia, Vietnam, Thailand, and Cambodia (TheStar)

Southern Steel to sell 55% stake in steel wire mesh unit to Singapore-listed BRC Asia (The Edge)

US distributor to absorb fully 10% tariff, says Southern Cable (SCGBHD) (The Malaysian Reserve)

PetChem To Drive Operational, Commercial Resilience To Boost Growth (Business Today)

MGB settles RM7.23m with JV partner to revive Cameron Highlands project after six years (The Edge)

Scanwolf Secures RM16.63 Million Contract For Water Supply Relocation Project (Business Today)

DPS, Invest Energy to power AI data centre in Melaka (The Star)

HLT Global faces RM1m lawsuit over unpaid conveyor chain supplies (The Malaysian Reserve)

Sapura Holdings winding-up case postponed to Wednesday as brothers seek settlement (The Edge)

Reach Ten’s Main Market IPO shares oversubscribed by 1.85 times (The Edge)

West River’s IPO oversubscribed by 0.26 times (The Edge)

Main Market-Bound Paradigm REIT Inks Underwriting Agreement (Business Today)

Tuesday, 22 Apr 2025 Entitlement Announcement

6:06PM TOMEI Final Dividend
5:40PM AYER Special Dividend
5:39PM AYER Final Dividend
5:26PM AEON Final Dividend

[winston]

Market News on 24 APR 2025

Dow closes 400 points higher, but ends session well off the highs of the day (CNBC)

Treasury Sec. Bessent says China, U.S. have ‘opportunity for a big deal’ on trade (CNBC)

US, China tariffs both need to fall for trade talks to start, Bessent says (Reuters)

Economic outlook ’worsened considerably’ as tariff impact fuels uncertainty: Fed (Investing.com)

Oil falls 2% after sources say OPEC+ to mull accelerating output (Reuters)

IMF Cuts Malaysia’s GDP Forecast To 4.1% (Business Today)

Putrajaya Holdings partners Sunway Healthcare to develop advanced medical centre (The Edge)

MN Holdings bags RM29.7mil solar interconnection contracts in Kedah (The Star)

Iconic Worldwide secures RM10.1mil in legal win involving PPE unit (The Star)

Berjaya Food to open Iceland’s first-ever Starbucks retail stores in Reykjavik in May (The Sun)

MCE secures contracts worth a combined RM120.67mil (The Star)

Ramssol eyes RM130m potential revenue from AI solutions roll-out in Thailand (The Edge)

SCIB clarifies suit against developer Awana JV over scrapped Perak project still on (The Edge)

UHY resigns as external auditor for Key Asic, UCrest (The Edge)

Wednesday, 23 Apr 2025 Entitlement Announcement

6:24PM IGBREIT Income Distribution
6:21PM IGBCR Income Distribution
6:11PM AMEREIT Income Distribution
6:08PM AXREIT Income Distribution
5:59PM TIENWAH Final Dividend
5:15PM ANCOMNY Dividend in specie

[winston]

Market News on 25 APR 2025

Wall Street ends higher on tech boost, easing tariff tensions (Reuters)

US labor market holds steady for now; tariffs keep businesses on edge (Reuters)

Trump Says US Talking With China on Trade After Beijing’s Denial (Bloomberg)

China says no ongoing trade talks with the U.S., calls for canceling ‘unilateral’ tariffs (CNBC)

Global container shipping volume to fall 1% on Trump trade policies, Drewry says (Reuters)

PM To Make Statement On Country’s Economy On May 5 (Business Today)

Malaysia will need to revise down growth forecast, central bank governor says (TheStar)

Perdana Petroleum Sued RM6.7 Million By Azsat For Loss Of Revenue (Business Today)

TNB doubles capex to RM42.9b to back energy transition efforts (The Malaysian Reserve)

Binastra buys 40.8% stake in thermal energy firm, with an eye on gaining controlling stake (The Edge)

IJM Corp completes acquisition of troubled UK builder for RM283m (The Edge)

Kumpulan Jetson faces boardroom shake-up as shareholders call for EGM (The Malaysian Reserve)

Steel Hawk unit bags PETRONAS Carigali contract (The Star)

Chin Hin completes 12.27% stake buy in Ajiya for RM54.2 mil (The Edge)

Reservoir Link Awarded Well Testing Contract Estimated At RM40 Million From Petronas (Business Today)

Lee Chong Wei among Magma's newly emerged substantial shareholders after land deal (The Edge)

LYC Healthcare Served With Wind-Up Petition Over Unpaid Claims (Business Today)

Key Asic, UCrest appoint Morison as new external auditor to replace UHY (The Edge)

ICT Zone sticks to 2Q ACE Market listing target, secures Malacca Securities, Kenanga IB as underwriters (The Edge)

Thursday, 24 Apr 2025 Entitlement Announcement

6:28PM KIMLUN Final Dividend
6:27PM PGLOBAL Special Dividend
6:27PM PGLOBAL Interim Dividend
5:47PM TDM Final Dividend
5:32PM PANDA Final Dividend
5:31PM OCB First and Final Dividend
5:26PM YSPSAH First and Final Dividend
5:21PM ALCOM First and Final Dividend
5:12PM IBRACO Final Dividend
5:11PM IFCAMSC Final Dividend
5:10PM STAR Special Dividend
5:10PM STAR First and Final Dividend
5:05PM PETRONM Final Dividend
12:42PM UNISEM Interim Dividend

[winston]

Market News on 28 APRIL 2025

Wall Street ends with weekly gains as trade negotiations, earnings in focus (Reuters)

China warns G20 global economic growth 'insufficient', trade tensions weaken momentum (Reuters)

China’s Industrial Profits Up 0.8% In Q1 Amid Tariff Hurdles (Business Today)

China's Huawei develops new AI chip, seeking to match Nvidia, WSJ reports (Reuters)

World Bank projects Malaysia’s 2025 GDP growth at 3.9% (The Edge)

Malaysia Tightens Grip On Glove Exports To Protect Local Industry (Business Today)

UEM Edgenta Secures RM735 Million Hospital Services Contract In Singapore (Business Today)

EPF Disposes 5 Million Shares In CIMB (Business Today)

Catcha Digital to raise up to RM35m for strategic acquisitions via rights issue and private placement (Business Today)

Bina Puri Assures Key Shareholders Accounts Not Compromised (Business Today)

Taghill Accepts RM494.5 Million Construction Project In Bandar Sri Damansara (Business Today)

Dayang secures RM4bil offshore contracts (TheStar)

Farhash Wafa Salvador emerges as substantial shareholder in Key Alliance with 5.55% stake (The Star)

Bioalpha proposes RM110mil share capital reduction to offset accumulated losses (The Star)

Liew Choon Lian ceases to be substantial shareholder in Systech (The Edge)

IWCity seeks another six-month extension to deliberate IWH merger (The Edge)

Once Malaysia's largest SPAC IPO, Reach Energy to be delisted on April 29 (The Edge)

LYC Healthcare settles RM600,000 outstanding payment with winding-up petitioner (The Edge)

TCS Group’s new executive director Frankie Ng rises to second-largest shareholder after another share buy from founder (The Edge)

Oasis Home To Raise RM28 Million From ACE Market IPO Listing On May 28 (Business Today)

Friday, 25 Apr 2025 Entitlement Announcement
5:46PM CITAGLB-PA Others
5:37PM DKLS First and Final Dividend
5:37PM TURBO Final Dividend
5:15PM HLT Rights Issue
5:08PM SOP Final Dividend
1:29PM CTOS First Interim Dividend

[winston]

Bursa Malaysia to close on May 1 for Labour Day

Market News on 29 April 2025

S&P 500 ekes out slight gain with data, megacap earnings eyed (Reuters)

China insists no tariff talks underway with Trump and Xi or top aides, despite U.S. claims (CNBC)

China holds off on new stimulus, shows composure in US trade war (Reuters)

Chinese factories are stopping production and looking for new markets as U.S. tariffs bite (CNBC)

BAT Malaysia To Remove Vape Products From Market In Q3 (Business Today)

AIZO Inks PPA With TNB For 99.99 MWac LSS Facility In Perak (Business Today)

Samaiden Join Forces With TBM To Accelerate Solar PV Adoption In Malaysia (Business Today)

Reservoir Link Energy clinches three-year contract with EnQuest (Malaysian Reserve)

Meta Bright lands RM30m ready-mixed concrete contract for Sabah project (Malaysian Reserve)

Duopharma secures additional contract worth RM1.8m from MoH (Malaysian Reserve)

Malakoff accelerates Malaysia’s clean energy transition with Mardec (Malaysian Reserve)

Catcha Digital proposes one-for-four rights issue to fund acquisitions (The Edge)

YTL Corp and YTL Power's shareholders approve one-for-five bonus warrants (The Edge)

KWAP trims stake in Johor Plantations to below 5% (The Edge)

Rohas Tecnic firms up Vietnamese water infra unit divestment (The Edge)

Urusharta Jamaah ceases to be substantial shareholder in Pintaras Jaya (The Edge)

Monday, 28 Apr 2025 Entitlement Announcement
6:16PM WCT Offer for Sale
6:08PM F&N Interim Dividend
6:08PM UCHITEC Final Dividend
5:44PM GCB Final Dividend
5:42PM CANONE First and Final Dividend
5:19PM AMFIRST Income Distribution

[winston]

Market News on 30 APRIL 2025

US stocks close higher; oil drops amid recession fears, trade talks (Reuters)

Trump signs order easing some auto tariffs (CNBC)

S&P Global sees credit rating breathing room for trade war rivals US and China (Reuters)

Record US Goods-Trade Deficit Implies Weaker First-Quarter GDP (Bloomberg)

US consumer confidence plunges in April (Reuters)

China holds off on new stimulus, shows composure in US trade war (Reuters)

Malaysia to delay new taxes as manufacturers fear tariff hit (TheStar)

SkyWorld Development To Proceed With Penang Joint Development And Business Diversification (Business Today)

Malton Unveils Park Green Pavilion Bukit Jalil, The Final Residential Of Bukit Jalil City (Business Today)

Mudajaya Clarifies On IPP Investment In India Currently Under Investigation City (Business Today)

Pharmaniaga faces third consecutive going concern warning, stakes recovery on regularisation plan (Malaysian Reserve)

Olympia Industries audited with unqualified opinion amid ongoing going concern doubts (Malaysian Reserve)

MIMOS and MYEG launch Malaysia Blockchain Infrastructure (Malaysian Reserve)

Southern Score Builders (SSB8) bags RM51.4m subcontract from Gamuda for data centre power works (Malaysian Reserve)

F&N commits RM1.8b to dairy project in Gemas, eyes profitability within 3 to 5 years (The Sun)

WTEC inks agreement to develop foam products (The Star)

Propel Global takes up 6.5% stake in Reservoir Link via private placement (The Edge)

Chung Dao re-emerges as substantial shareholder in Cypark Resources (The Edge)

Eco-Shop launches Malaysia’s largest IPO in eight months at RM1.21 per share (The Edge)

Tuesday, 29 Apr 2025 Entitlement Announcement
6:55PM SCGBHD Final Dividend
6:43PM ORIENT Final Dividend
6:38PM PASDEC First and Final Dividend
6:30PM DXN Fourth Interim Dividend
6:29PM GDEX First and Final Dividend
6:20PM EPMB First and Final Dividend
6:18PM PBA Final Dividend
5:52PM HEVEA First and Final Dividend
5:51PM HEGROUP Final Dividend
5:50PM PANTECH Special Dividend
5:50PM PANTECH Fourth Interim Dividend
5:35PM CMSB First and Final Dividend
5:34PM SURIA Final Dividend
5:29PM MBMR Final Dividend
5:25PM SDS Bonus Issue
5:24PM ALLIANZ-PA Final Dividend
5:24PM ALLIANZ Final Dividend
5:22PM ATRIUM Income Distribution
5:22PM SPRITZER First and Final Dividend
5:21PM MSC Final Dividend
5:20PM MGB Final Dividend
5:20PM SCOMNET Final Dividend
5:19PM ASB First and Final Dividend
5:18PM SASBADI Interim Dividend
5:17PM HSSEB Final Dividend
5:17PM LYSAGHT Final Dividend
5:16PM HARISON Final Dividend
5:16PM CVIEW First Interim Dividend
5:15PM N2N Final Dividend
5:06PM VITROX Final Dividend
5:06PM MUDA Final Dividend
5:06PM CSCSTEL Final Dividend

[winston]

Market News on 2 MAY 2025

Stocks rise to kick off May as Microsoft and Meta rekindle the AI trade (CNBC)

US manufacturing sectors slump deepens in April (Reuters)

U.S. weekly jobless claims surge to 241,000, more than expected, in latest sign of economic trouble (CNBC)

Trump warns of a 'tariff wall' for pharmaceutical companies (Reuters)

Trump plans to release fiscal year 2026 budget on Friday (Reuters)

Trump says any country that buys oil from Iran will not be allowed to do any business with U.S. (CNBC)

Bessent Says Two-Year Treasuries Signaling Fed Should Cut (Bloomberg)

Fed signals rates will remain unchanged despite market bets on looming cuts (Reuters)

Apple shares fall as Cook says ‘very difficult’ to predict tariff costs beyond June (CNBC)

China's factory activity falls sharply as Trump tariffs bite (Reuters)

Bank Pembangunan completes acquisition of Exim Bank, SME Bank (TheStar)

Carimin Petroleum Wins Another Work Order From Petronas Carigali (Business Today)

Eco World International (EWINT) Shifts Business Direction To Now Focus On Malaysia (Business Today)

NPC Resources auditors flag going concern risks (Malaysian Reserve)

Vizione’s RM750m Gombak project terminated by mutual consent (Malaysian Reserve)

WTK sells loss-making Sarawak logging unit for RM23.5m to refocus on profitable segments (Malaysian Reserve)

UOA Development enters Johor property market via jv with Uptown Haven (Malaysian Reserve)

Jentayu Sustainables seals landmark deal for 162MW hydropower project in Sabah (Malaysian Reserve)

EXSIM Hospitality lands RM4.5m contract for Bukit Jalil Sales Gallery (Malaysian Reserve)

Solar District Cooling secures purchase order in Brunei expansion (Malaysian Reserve)

Compugates' substantial shareholder disposes of 9.9% stake for RM8.4 mil (The Edge)

Reach Ten, CelcomDigi team up to start cellular coverage in rural Sarawak (The Edge)

West River’s IPO oversubscribed by 0.26 times (The Edge)

Wednesday, 30 Apr 2025 Entitlement Announcement
7:06PM TASCO Final Dividend
6:45PM MITRA First and Final Dividend
5:30PM FAREAST Final Dividend
1:05PM TRC First and Final Dividend
12:42PM UNIMECH Final Dividend
12:40PM CRPMATE Final Dividend

[winston]

Market News on 5 MAY 2025

Dow jumps 500 points, S&P 500 posts longest win streak in 20 years as stocks claw back tariff losses (CNBC)

Trump Rules Out Firing Powell While Pushing Him to Cut Rates (Bloomberg)

Trump Signals Willingness to Lower China Tariffs ‘at Some Point’ (Bloomberg)

Trump says US in transition period, downplays impact of short-term recession (Reuters)

Oil drops more than $2/bbl as OPEC+ accelerates output hikes (Reuters)

Malaysia prepared for tariff negotiation with US, will protect commodities sector — Johari (The Edge)

IMF downgrade weighs on Malaysia (The Star)

Foreign investors returned to Malaysian bonds with RM2.8b inflows in April 2025 (The Edge)

Genting Malaysia takes full control of Empire Resorts from Lim family in US$41 mil deal (The Edge)

EPF Increases Stake In Gamuda To 11.93% (Business Today)

MN Holdings JV secures RM50 mil data centre job from Gamuda (The Edge)

Farm Price (FPHB) plans one-for-two bonus issue of warrants (The Edge)

OB Holdings to partner HK's CSPC Pharmaceutical in product development (The Star)

EXSIM Accepts LOA For Fit Out Works Worth RM17.2 Million From Nestcon (Business Today)

Auditors flag going concern risk, but Capital A stays confident in restructuring plan (The Edge)

Capital A: Restructuring plan on track to completion by June (The Star)

Seal Inc unit secures RM408m funding from AmBank for Sabah’s first energy storage facility (The Edge)

Optimax sets sights on expanding operations in Cambodia, Indonesia and Vietnam (The Sun)

Sentoria to face trading suspension over delayed 2024 annual report (The Edge)

Majuperak Gets 6 Months Extension To Submit Regularisation Plan (Business Today)

Jiankun sues Penang property firm’s directors after failed acquisition, seeks RM12 mil in damages (The Edge)

Automated test solutions firm THYM eyes ACE Market IPO (The Edge)

Friday, 2 May 2025 Entitlement Announcement

5:13PM CREST Interim Dividend

[winston]

Market News on 6 MAY 2025

S&P 500 snaps nine-day winning run as uncertainty on tariff deals weighs on markets (CNBC)

US services sector expands with hints of rising price pressures (Reuters)

China risks a spiral into deeper deflation as it diverts U.S.-bound exports to domestic market (CNBC)

Dollar’s Fall in Asia Stuns Investors, Spreads Across Globe (Bloomberg)

U.S. crude oil closes at lowest level since 2021 after OPEC+ agrees to production surge in June (CNBC)

Anwar: Malaysia’s Average Tariff On US Imports Only 5.6%, Not 47% (Business Today)

Malaysia PM sees possible reduction in U.S. tariffs, but growth to miss target (Reuters)

Gamuda inks deals worth RM1.46bil for land disposal, date centre works (The Star)

Sunview faces RM1.67 mil adjudication claim over dispute in solar plant EPCC job (The Edge)

Chen Khai Voon ceases to be substantial shareholder in Genetec (The Edge)

Ekovest Receives Govt Approval To Privatise Istana Link, Kampung Baru Link, Kapar Link (Business Today)

Frontken posts modest 1Q profit rise, explores strategic partnerships amid semiconductor onshoring push (The Malaysian Reserve)

Vizione ends Gombak project contract after financing and planning setbacks (The Malaysian Reserve)

Evergreen Max Cash unit secures RM40m loan to support pawnbroking operations from CIMB Bank (The Edge)

TAS Offshore lands shipbuilding contracts worth RM38m (The Edge)

Mr DIY sees no impact from US reciprocal tariffs (The Star)

West River Engineering (WESTRVR) wins RM14m sub-contract from China Railway Engineering (The Malaysian Reserve)

HeiTech Padu appoints Syed Omar Albar as group CEO, effective May 26 (The Star)

HI Mobility unit gets nine-month extension for bus services in Johor worth RM8. 16mil (The Star)

U Mobile mulls IPO at RM11 bil to RM12 bil valuation (The Edge)

Monday, 5 May 2025 Entitlement Announcement

6:02PM YTL Bonus Issue
6:01PM YTLPOWR Bonus Issue
5:37PM MRDIY Interim Dividend
5:36PM TAS Interim Dividend

[winston]

Market News on 7 MAY 2025

Dow slides nearly 400 points, S&P 500 falls again as path on trade deals remains unclear (CNBC)

Trump Downplays Trade Negotiations, Says He’ll Dictate Terms (Bloomberg)

US Trade Deficit Widens to a Record on Pre-Tariff Drug Imports (Bloomberg)

US, Chinese officials to hold ice-breaker meeting in Geneva this week (Reuters)

Oil rises 3% on signs of more Europe and China demand, less US output (Reuters)

Malaysia's rubber glove market share in US expected to rise to 55% - Zafrul (The Star)

Kumpulan Jetson gets writ of summons to void shareholders' requisition notice (The Edge)

Capital A will seek to raise US$200mil from Hong Kong listing (The Star)

LFE Corp’s JV Unit Secures RM50 Million DC Subcontract Job From Gamuda (Business Today)

Favelle Favco secures RM43.9m crane supply orders (The Edge)

FGV says no formal notice from Felda on potential takeover or privatisation (The Edge)

Masteel partners Kelington and Utar to develop carbon capture tech for greener steel production (The Edge)

AmBank could potentially replace HLFG in upcoming FBM KLCI review, says CIMB Securities (The Edge)