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

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Market News on 1 JUL 2025

S&P 500, Nasdaq close at record highs, cap best quarter in over a year (Reuters)

Trump administration eyes Fed vacancy in early 2026 to appoint Powell successor, Bessent says (Reuters)

Oil Holds Decline With Focus on Size of OPEC+ Production Hike (Bloomberg)

Foreign investors turn net buyers, inflows at RM33.2mil net (The Star)

SGX Listed UMS Integration Eyes Secondary Listing On Bursa Main Market (Business Today)

Gamuda wins RM3.72bil contract for Kaohsiung port LNG terminal in Taiwan (The Star)

Pecca Announces Immediate Resignation Of CEO Foo Ken Nee (Business Today)

MyEG changes name to Zetrix AI effective July 3 (The Edge)

Genting Malaysia submits bid for NY casino with US$5.5b resort plan (The Malaysian Reserve)

Ni Hsin to explore acquisition of Hy-Fresh poultry group (The Edge)

Reservoir Link bags Petronas Carigali contract, boosting annual revenue by RM25m over four years (The Edge)

Bursa Malaysia approves Sapura Energy’s PN17 proposed exit plan after four extensions (The Star)

Theta Edge secures RM88 mil fibre optics contract (The Edge)

Shin Yang acquires Kuching property to boost logistics capacity (The Edge)

DNeX Partners Sinohydro To Accelerate Clean Energy Agenda (Business Today)

SCIB to expand production capacity with new plant project (The Star)

LFE Corp secures contracts worth RM71 mil for Oasis Ara, Cyberjaya development (The Edge)

Niche Capital (NICE) Jointly Secures Mining Rights For KK Hill’s Gold Deposit (Business Today)

HHRG lodges police report against ex-CEO over alleged financial misconduct (The Malaysian Reserve)

PMCK IPO oversubscribed 1.87 times ahead of ACE Market listing on July 9 (The Star)

Monday, 30 Jun 2025 Entitlement Announcement

5:57PM KSL Final Dividend (with Dividend Re-Investment Plan)
5:47PM MSC Bonus Issue
1:14PM YINSON Interim Dividend

[winston]

Market News on 2 JUL 2025

Dow jumps 400 points, S&P 500 closes flat to start new quarter as investors rotate out of tech (CNBC)

Powell Reiterates Fed Would Have Cut More If Not for Tariffs (Bloomberg)

Powell reiterates Fed will wait for more data before cutting rates (Reuters)

Trump Sticks With July 9 Tariff Deadline While Criticizing Japan (Bloomberg)

China’s Caixin manufacturing PMI rises to 50.4 in June, returning to expansion territory (GlobalTimes)

Gamuda partners with Tasmanian landowners on 600MW clean energy project (The Star)

Genting hands over Meizhou Wan Phase I coal plant, shifts focus to cleaner energy (The Malaysian Reserve)

Yinson Production raises US$1.17b via project bond to refinance FPSO Maria Quitéria (The Malaysian Reserve)

Key Asic clinches RM13.1 mil AI chip design contract, sees recurring revenue potential (The Edge)

Kerjaya Prospek buys land in KL for RM112.8 mil, forms JV with Aspen for Penang project (The Edge)

Samaiden to buy land in Teluk Intan to develop utility-scale solar farm (The Edge)

Avangaad Clinches RM66 Million Worth Of Contracts From Northport (Business Today)

Perdana Petroleum secures offshore vessel charter from petroleum arrangement contractor (The Edge)

Powerwell bags RM16.6mil data centre switchboard contract (The Star)

Velesto secures US$40 mil drilling contract from PTTEP for Naga 5 (The Edge)

Solution Group inks exclusive deal to distribute HPV vaccine Cecolin in Malaysia (The Malaysian Reserve)

Suria Capital director charged with corruption; board says case unrelated to company (The Edge)

Kawan Renergy says demand to rise amid electricity tariff hikes (The Star)

Avaland to acquire PJ land for RM49 mil to undertake high-rise commercial development (The Edge)

Chip-design firm SkyeChip is close to a Malaysian IPO, CEO says (The Star)

Tuesday, 1 Jul 2025 Entitlement Announcement

5:42PM SSF Interim Dividend
5:24PM MYNEWS Interim Dividend

[winston]

Market News on 3 JUL 2025

S&P 500 in fresh record on tech rebound, trade deal optimism (Investing.com)

US lifts restrictions on Enterprise Product's ethane shipments to China (Reuters)

House Republicans say they expect to vote tonight on Trump's tax-cut bill (Reuters)

U.S. dollar to stay under pressure from tariff, debt and rate cut expectations (Reuters)

Oil prices gain as Iran suspends cooperation with UN nuclear watchdog (Reuters)

Wawasan Dengkil wins RM53.81 mil fibre optic and earthworks contracts (The Edge)

Federal Court Rules Against TNB In RM1.25 Billion Tax Dispute (Business Today)

Khazanah Reduces Direct Stake In Time Dotcom With Disposal Of 25 Million Shares (Business Today)

Aumas Resources gets green light to fully resume operations at Tawau plant (The Edge)

Amtel ventures into motor vehicle manufacturing, eyes export markets (The Star)

GFM to acquire majority stake in Shapadu Energy for RM30 mil to scale up oil and gas segment (The Edge)

Theta Edge Lands RM87.9 Million Fibre Infra Job For The Northern Region (Business Today)

Eco World International Receives SSM Approval For EWI Capital Name Change (Business Today)

Dataprep signs IP rights agreement totalling RM15.5mil (The Star)

Plytec Holding formally applies to transfer listing to Main Market (The Edge)

Wednesday, 2 Jul 2025 Entitlement Announcement

5:19PM ACO First Interim Dividend
5:18PM DOMINAN Final Dividend

[winston]

Market News on 4 JUL 2025

S&P 500, Nasdaq close at records on jobs data; Nvidia market cap nears $4 trillion (Reuters)

Solid US job growth masks loss of labor market momentum (Reuters)

As trade war truce with China holds, US lifts curbs for chip design software and ethane (Reuters)

Trump Wins Broad Economic Policy Shift as House Passes Tax Bill (Bloomberg)

Trump May Start Telling Nations New Tariff Rates on Friday (Bloomberg)

Malaysia succeeds in attracting RM8.13bil potential investments from Italy (The Star)

Finance Minister II Says RON95 Subsidy Rationalisation Roll-Out By End Of The Year (Business Today)

Gamuda awards Hitachi Rail for Taipei MRT project (The Star)

Kelington, Petronas partner on carbon emissions management study (The Edge)

Felda extends FGV takeover offer deadline to Aug 15 (The Edge)

Zen Tech eyes stake in Islamic payment gateway provider previously sought by HeiTech Padu (The Edge)

Dialog inks MOU with Petronas to fast-track Mutiara Cluster gas production (The Edge)

Kin Hin Industry Shares To Be Suspended Pending Material Announcement (Business Today)

Theta Edge plans RM19.58 mil private placement to fund operations and expansion (The Edge)

Perdana Petroleum bags three-year vessel charter contract from Thai-owned PTTEP Sabah (The Edge)

Econpile wins RM58 mil construction and material supply contracts for a project in Ara Damansara (The Edge)

Eco World International is now EWI Capital Bhd; stock short name is EWICAP from July 7 (The Edge)

Pos Malaysia’s fulfilment arm aims to stamp its mark across Southeast Asia (The Sun)

Premixed soup maker A1 AK Koh's IPO sees 1.11 times subscription rate (The Edge)

Chip-design firm SkyeChip says close to Malaysian IPO (The Edge)

Interior fit-out firm Adnex, run by two brothers, files for ACE Market listing (The Edge)

Thursday, 3 Jul 2025 Entitlement Announcement

6:06PM DNEX Bonus Issue

[winston]

Market News on 7 JULY 2025

Stock futures fall after Trump says tariffs will go into effect on Aug. 1, not July 9 (CNBC)

Bessent: Tariffs will ‘boomerang’ back to April levels by Aug. 1 for countries without deals (CNBC)

Trump says tariff letters to 12 countries signed, going out Monday (CNBC)

Oil Drops as Larger OPEC+ Supply Increase Raises Glut Concerns (Bloomberg)

Trump Administration Moves To Curb AI Chip Exports To Malaysia, Thailand (Business Today)

Foreign Shareholdings At All Time Low With Outflows Widening To RM51 Billion (Business Today)

SMTRACK Ceases ChengCo PLT As Its Auditors Following SC Suspension (Business Today)

Analabs Acquires RM24.4 Million Worth Of CIMB Shares (Business Today)

Mesiniaga Wins RM148 Million KWAP Contract For New Pension System (Business Today)

WCT Holdings Secures RM365.2 Million PLUS Highway Expansion Contract (Business Today)

ETA Industries Launches Mandatory Take-Over Offer On All Remaining Shares In REX Industry (Business Today)

MN Holdings Secures RM29 Million Power Infrastructure Upgrade Contract (Business Today)

Kelington Partners with PETRONAS CCS Solutions on Carbon Capture Study (Business Today)

EG Industries, China's CIG to scale up production capabilities in Penang (The Edge)

Edelteq to diversify into precision component manufacturing with 24% stake buy in Solid Point for RM20.7m (The Edge)

Kretam appoints new substantial shareholder's son as ED (The Edge)

Mudajaya to raise RM25.96 mil via private placement to cut debt (The Edge)

Kim Hin gets privatisation offer of 85 sen per share from chairman, family (The Edge)

[winston]

Market News on 8 JULY 2025

Dow slides more than 400 points Monday as new Trump tariffs incite sell-off (CNBC)

Trump threatens extra 10% tariff on countries that align with BRICS policies (CNBC)

Goods imported to the U.S. from Japan, South Korea, Malaysia, Kazakhstan and Tunisia are now set to face 25% tariffs, according to the letters Trump posted. (CNBC)

Trump announces steep tariffs on 14 countries starting Aug. 1 (CNBC)

US to make several trade announcements in next 48 hours, Treasury secretary says (Reuters)

PBOC Injects Record Liquidity Using Its New Tool, Delays RRR Cut (Bloomberg)

Lotte Chemical Units Ink RM12.69 Billion Ethylene Supply Deal In Indonesia (Business Today)

Sapura Energy Proposes Changing Name To Vantris Energy (Business Today)

NEXG secures contract extensions from Home Ministry worth over RM45m (Malaysian Reserve)

Cyclacel sweetens Fitters acquisition deal with US$1m cash addition (Malaysian Reserve)

Khee San’s underwriting deal for rights issue lapses after delay in prospectus registration (Malaysian Reserve)

OSK acquires firm for RM16.5mil to expand into motorcycle financing (The Star)

iCents Group IPO Saw An Oversubscription Of 2.3 Times (Business Today)

[winston]

Market News on 9 JULY 2025

S&P 500 ends Tuesday little changed as Trump’s tariff policy keeps traders on edge (CNBC)

Trump says he will impose 50% tariff on copper imports. (CNBC)

Trump says BRICS nations to get 10% tariff 'pretty soon' (Reuters)

Trump threatens to impose up to 200% tariff on pharmaceuticals ‘very soon’ (CNBC)

Oil edges up to two-week high on lower US output forecast, renewed Red Sea attacks (Reuters)

Binastra Secures RM405 Million Queenswoodz Project In Bukit Jalil (Business Today)

Sapura Energy To Hold Critical EGM On July 30, Lay Plans For PN17 Exit (Business Today)

PeterLabs hit with fresh lawsuit by Datuk Loh over RM6.4m dispute, board conduct (Malaysian Reserve)

LFE bags RM71m worth of contracts from related parties for Cyberjaya, Ara Damansara jobs (Malaysian Reserve)

Govt files winding-up petitions against two Bina Puri units over RM5.05m tax debts (Malaysian Reserve)

YTL Power invests RM10b in AI, encourages local companies to leverage AI infrastructure (Malaysian Reserve)

PNSB, SD Guthrie, IJM Corp and Yayasan Selangor team up on edu-tech park, food security hub on Carey Island (The Edge)

Alliance Bank says rights issue oversubscribed by 55% (The Edge)

[winston]

Market News on 10 July 2025

S&P 500 rises as Nvidia leads Big Tech rally, Nasdaq closes at a record (CNBC)

Nvidia's stock market value hits $4 trillion on AI dominance (Reuters)

Fed minutes show little support for interest rate cut later this month (Reuters)

Trump says U.S. interest rate is at least 3 points too high (Reuters)

Trump announces 50% tariff on Brazil over Bolsonaro trial, ‘unfair’ trade (CNBC)

China’s producer prices fall 3.6% in June, biggest drop in nearly two years as deflation deepens (CNBC)

Bank Negara Cuts OPR By 25 Basis Points To 2.75% (Business Today)

Econpile Awarded RM27 Million Contract For Apartment Blocks In PJ (Business Today)

Sunway’s JV Winning Bid For Chuan Grove Marks A Solid Expansion Into Lion City (Business Today)

SNS Network’s JOI® Smartboard: Powering Today’s Modern Education And Training Sector (Business Today)

Ahmad Zaki' unit served with winding-up petition over RM5.86m claim (Malaysian Reserve)

Chin Hin finalises machinery supply deal with China’s Jiangsu Teeyer for AAC plant (Malaysian Reserve)

Handal Energy sued for RM3.1m over alleged unpaid loan (Malaysian Reserve)

TDM’s Indonesian unit agrees to RM49.3m settlement over 2019 fire incident (Malaysian Reserve)

Takeover offer for Rex Industry’s shares turns unconditional (The Edge)

Ecobuilt unit served with winding-up petition over unpaid debt (The Edge)

LGMS to acquire 27% stake in IT services firm for RM23m (The Edge)

Wednesday, 9 Jul 2025 Entitlement Announcement
5:06PM SCNWOLF-LA Coupon Payment

[winston]

Market News on 11 July 2025

Indexes rise, boosted by Nvidia record valuation, strong Delta forecast (Reuters)

White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation (CNBC)

IMF says new US tariffs keep trade uncertainty running high (Reuters)

Rubio Says Letter Is General And That Malaysia Still Has 1 Month To Negotiate (Business Today)

MARGMA Urges Sectoral Tariff Exemption For Rubber Gloves (Business Today)

NexG To Acquire Strategic Industrial Asset To Drive RM250 Million Expansion (Business Today)

Avaland Acquires Prime Jalan Putra Land For RM148 Million, Plans RM900 Million GDV Project (Business Today)

IRB files winding-up petition against Ho Hup unit over RM23.7m tax arrears (Malaysian Reserve)

Sarawak Cable to be delisted on July 15 after failing to get more time to submit regularisation plan (The Edge)

Propel Global proposes placing out 10% of its shares to raise funds for working capital (The Edge)

Jasa Kita advises on trading suspension ahead of announcement (The Edge)

MUI Properties invests RM5.75mil in CRNCPS London Vista Hotel Ltd (The Star)

Enproserve Sees Warm Reception From Investors With Oversubscription Rate Of 0.43 Times (Business Today)

Gas detector One Gasmaster files draft prospectus for ACE Market listing (The Edge)

Wasco Greenergy, now seeking to own power plants, files for Main Market IPO (The Edge)

Thursday, 10 Jul 2025 Entitlement Announcement
5:25PM ATLAN First Interim Dividend

[winston]

Market News on 14 JUL 2025

Dow falls 280 points, S&P logs weekly loss as Trump trade war escalates (CNBC)

Trump intensifies trade war with threat of 30% tariffs on EU, Mexico (Reuters)

Trump's 50% copper import tariff said to include refined metal, Bloomberg reports (Reuters)

China’s Growth Seen Outpacing Target, Easing Stimulus Pressure (Bloomberg)

Malaysia's manufacturing sales rise 2.4% to RM158.7bil in May (The Star)

Jasa Kita Proposes RM38 Million Land Sale, Triggers Takeover Offer (Business Today)

MRCB firms up deal to jointly develop RM6.25b GDV Ipoh Sentral (The Edge)

Greatech’s largest shareholder GTech transfers stake to its two owners (The Edge)

BTM scraps another power plant project amid financing, cost challenges (The Edge)

Meta Bright Disposes Aussie Unit For RM25 Million ((Business Today)

Pestech Reaches Amicable Settlement With Siemens Malaysia (Business Today)

Econpile wins RM98m bored piling job for industrial project in Kapar (The Edge)

Friday, 11 Jul 2025 Entitlement Announcement

5:14PM ALAM Rights Issue
5:12PM PARKWD   Rights Issue