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

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Market News on 24 OCT 2025

Wall St ends higher amid mixed earnings, Trump-Xi meeting confirmed (Reuters)

China confirms US trade talks to be held in Malaysia from Friday (Reuters)

IBM shares fall as cloud slowdown triggers investor anxiety (Reuters)

Oil jumps 5% after Trump administration sanctions big Russian oil companies (Reuters)

OPEC ready to raise oil output if required after US sanctions on Russia, Kuwaiti minister says (Reuters)

Genting’s Malaysia Buyout Puts US$561 Million US Hotel Deal On Ice (Business Today)

Zen Tech sued over shareholding dispute involving former associate (The Edge)

Cape EMS distances itself from Perak Transit, says partnership only limited to Perak project (The Edge)

Master Tec wins RM10.68m subcontract for electrical infrastructure works (The Edge)

Advancecon wins RM25m worth of infra jobs from Sime Darby Property (The Edge)

Mudajaya secures disputed payment of properties for construction work on mixed-development project (The Edge)

MST Golf Sets Up Thai Operation With RM13.6 Million Capital (Business Today)

Kawan Renergy bags RM12.75 mil contract to install chemical production line (The Edge)

Magna Prima takeover offer by largest shareholders turns unconditional (The Edge)

Velesto teams up with Australian firm to deliver rig-installed wellhead platforms in Malaysia (The Edge)

Steel Hawk gets eight contracts worth RM61 mil to install power cables (The Edge)

Eversendai announces commencement of fabrication for LanWin2 project (The Star)

Khee San auditor flags going concern uncertainty as regularisation plan delayed (The Edge)

Bursa Flags Compliance Requirements In KNM’s Proposal To Dispose DKNM (Business Today)

Hengyuan rights issue oversubscribed by 122.88%, raises RM234mil (The Star)

Mercury Securities to underwrite PSP Energy's IPO in December (The Edge)

Thursday, 23 Oct 2025 Entitlement Announcement

5:55PM HPPHB Interim Dividend
5:03PM CVIEW Third Interim Dividend

[winston]

Market News on 27 October 2025

Wall Street notches record closing highs on cool inflation, solid earnings (Reuters)

U.S. inflation rate hit 3.0% in September, lower than expected, long-awaited CPI report shows (CNBC)

US, China talks sketch out rare earths, tariff pause for Trump and Xi to consider (CNBC)

Trump inks deals on trade, minerals with Southeast Asian partners (Reuters)

Fed hands banks a win with vote to advance 'stress test' overhaul (Reuters)

Copper Nears US$11,000 As Supply Concerns Lift Base Metals (Business Today)

Malaysia Eyes South Africa As Potential Hub For Palm Oil And Proton Expansion Into Africa (Business Today)

Zafrul: 1,711 Malaysian export products to US to enjoy zero tariff (The Edge)

Microlink sues former CEO, seeks up to RM38.7 mil in damages (The Edge)

Perak Transit MD sells 33.4 mil pledged shares on day stock hit five-year low (The Edge)

Tan Chong sues Epicon and its former subsidiaries to recover RM26 mil debt (The Edge)

Ho Hup’s Low family ceases to be substantial shareholder (The Edge)

Ta Win plans RM190m capital reduction to wipe out accumulated losses (The Edge)

Sime Darby Property awards RM1.26b contract to IJM for hyperscale data centre at Elmina Business Park (The Edge)

Systech's largest shareholder disposes of 27 mil shares at steep discount (The Edge)

Lianson (LFG) plans bonus warrants to raise fresh capital (The Edge)

Reservoir Link (RL) to bid for more PETRONAS jobs (The Star)

CBH(CBHB) banks on green tech (The Star)

Friday, 24 Oct 2025 Entitlement Announcement
5:46PM MUIPROP Interim Dividend
5:08PM ECOSHOP Interim Dividend

[winston]

Market News on 28 October 2025

S&P 500 rallies 1% to notch first close ever above 6,800 on potential China trade truce (CNBC)

US Department of Energy forms $1 billion supercomputer and AI partnership with AMD (Reuters)

Qualcomm announces AI chips to compete with AMD and Nvidia — stock soars 11% (CNBC)

Trump signals U.S.-China trade deal and TikTok decision near as Asia trip builds momentum (CNBC)

Trump says new Fed chair decision might be made by year-end (Reuters)

China’s industrial profits surge 21.6% in September, biggest jump in nearly two years (CNBC)

LBS Bina And Oriental Holdings Ink RM600 Million JV For Klebang Waterfront Development （Business Today)

AWC Bags RM82 Million Govt Building Maintenance Contract (Business Today)

MGB Secures RM118 Million Affordable Housing Contract From UDA (Business Today)

KNM Withdraws Appeal Against Bursa, Scheduled For Delisting On Nov 5 (Business Today)

Epicon Clarifies It Has Yet To Receive Summons In RM26 Million Debt Case (Business Today)

Key ASIC bags repeat AI chip order worth RM2m (Malaysian Reserve)

Agmo short-term earnings dip seen as strategic trade-off for innovation (TheSunDaily)

Malakoff secures gas turbines, generators from Japan's Mitsubishi Power (The Star)

Censuria takes strategic stake in Perak Transit (The Star)

Mulpha unit disposes of 33% stake in New Pegasus for RM190mil (The Star)

Zantat opens RM8mil Poly+Cal Lab to advance polymer and calcium carbonate R&D (The Star)

PJBumi unit inks well maintenance arrangement with Indonesian O&G operator (The Edge)

Urusharta Jamaah buys more Kawan Renergy shares, raising shareholding to 5.03% (The Edge)

DXN mulling coffee-processing factory in Brazil (The Edge)

IWCity seeks fifth extension to deliberate IWH merger (The Edge)

Monday, 27 Oct 2025 Entitlement Announcement
6:06PM EFORCE Final Dividend
5:27PM YOCB Final Dividend
5:24PM CWG First and Final Dividend
5:23PM TGL   Final Dividend

[winston]

Market News on 29 October 2025

Wall Street indexes post record closing highs as Nvidia jumps, megacap earnings ahead (Reuters)

Nvidia's $1 billion stake sends Nokia to decade high on AI hopes (Reuters)

SK Hynix Sells Entire 2026 Chip Slate in Strong AI Demand Signal (Bloomberg)

US consumer confidence slips to six-month low; worries over job availability rising (Reuters)

Trump, Xi to discuss tariff cuts tied to China’s fentanyl crackdown, WSJ reports (Reuters)

Mah Sing’s Collaboration Agreement With Bridge Data Centres Expires (Business Today)

Yinson Receives Green Light For Advancing RE Investment In New Zealand (Business Today)

PeterLabs And Key Shareholders Resolve Dispute Through Settlement Agreement (Business Today)

MHB Unit To Appeal Court Ruling In RM57 Million Dispute With Haumea (Business Today)

Bursa Files Court Action To Halt KNM, MAA From Convening EGM To Dispose Asset (Business Today)

Sunway REIT To Sell Seberang Jaya Hotel For RM60 Million In Capital Recycling Move (Business Today)

Farm Fresh To Develop Large-Scale Dairy Operations In Cambodia (Business Today)

Kitacon Bags RM86 Million Residential Contract At Mines Resort (Business Today)

PwC resigns as external auditor of SFP Tech Holdings (TheMalaysiaReserve)

SCIB appeals High Court’s dismissal of RM14m refund claim against Dynamic Prestige (The Edge)

Alpha IVF keeps M&A option open, eyes Main Market transfer by early next year (The Edge)

Geohan Corporation Signs Underwriting Agreement For Main Market Listing (Business Today)

LAC Med inks underwriting agreement for Main Market IPO (The Edge)

PMW International launches ACE Market IPO to raise close to RM91 mil (The Edge)

SBS Nexus gets approval for IPO, aims for ACE Market listing by early 2026 (The Edge)

Tuesday, 28 Oct 2025 Entitlement Announcement
6:50PM FBG-WC Adjustment
6:40PM FBG Rights Issue
6:10PM SASBADI Second Interim Dividend
5:32PM SIGN Interim Dividend
1:22PM NESTLE Interim Dividend

[winston]

Market News on 30 October 2025

Dow ends down, S&P 500 near flat as Powell says December rate cut far from assured (Reuters)

Fed lowers rates, but Powell suggests move may be the last of 2025 (Reuters)

Fed winding down balance sheet contraction amid tightening money markets (Reuters)

10-year Treasury yield surges back above 4% after Powell says December rate cut far from certain (CNBC)

Meta Falls on Increased Spending in Pursuit of AI Payoff (Bloomberg)

Microsoft's massive AI spending draws investor concerns as cloud business booms (Reuters)

Trump to meet China's Xi at 11 a.m. on Thursday (Reuters)

Malaysia’s PPI Contracts 0.8% In September As Manufacturing Declines (Business Today)

UUE Holdings unit bags RM27m TNB-related cable installation job (Malaysian Reserve)

IJM bags RM874m M&E contract for hyperscale data centre at Elmina (Malaysian Reserve)

Hibiscus starts drilling ops in Australia (TheStar)

PeterLabs’ substantial shareholders to buy back 60% stake in unit under settlement agreement (The Edge)

Infomina hit with RM225.7m counterclaim in suit against Bank of Philippine Islands (The Edge)

Capital A clears final hurdle to consolidate AirAsia airlines under AAX in PN17 exit plan (The Edge)

Auditor flags Microlink’s RM76m software write-off with qualified opinion (The Edge)

KNM to seek shareholder approval to postpone German unit sale vote until after Delisting (The Edge)

Meridian granted third extension to submit PN17 regularisation plan (The Edge)

Perak Corp gets unusual market activity query as share price tops six-year high (The Edge)

Ekuinas-backed Orkim gets SC nod for Main Market IPO (The Edge)

Wednesday, 29 Oct 2025 Entitlement Announcement
6:29PM DXN Second Interim Dividend
5:53PM DPIH First Interim Dividend
5:31PM ATRIUM Income Distribution

[winston]

Market News on 31 October 2025

Stocks close lower, with Nasdaq down 1.6% as Big Tech leaders Meta and Microsoft decline after (CNBC)

Trump says US to cut tariffs on China to 47% after ‘amazing’ meeting with Xi, teases major outcomes ahead (The Economic Times)

Trump cuts fentanyl tariffs on China to 10% as Beijing delays rare earths curbs by a year (CNBC)

China to buy 12 million metric tons of soybeans this season, Bessent says (Reuters)

Trump, Xi agree to pause dueling port fees that disrupted trade (Reuters)

Nvidia to invest up to $1 billion in AI startup Poolside, Bloomberg News reports (Reuters)

AI boom drives trillion-dollar tech valuations and record bets on chipmakers (Reuters)

Pharmaniaga Expands Logistics With RM19 Million Asset Purchase In Terengganu (Business Today)

Solarvest Secures 60 MW Solar Project In Selangor (Business Today)

Perak Corp Says Unaware Of Rumours Behind 254% Share Price Jump (Business Today)

Capital A Expects PN17 Upliftment In December (Business Today)

AWC secures RM99m facilities management contract from TM (Malaysian Reserve)

Zetrix AI says partnership still under review after Thai raid on World coin (The Edge)

Texchem eyes growth in semiconductor and medical industries (The Star)

Aquaria KLCC operator launches ACE Market IPO to raise funds for new oceanarium (The Edge)

Thursday, 30 Oct 2025 Entitlement Announcement
5:22PM AWC Final Dividend
5:13PM AMEREIT Income Distribution
5:09PM BAT Interim Dividend
12:40PM CTOS Third Interim Dividend

[winston]

Market News on 4 NOV 2025

S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky (Reuters)

US manufacturing mired in weakness as tariff gloom spreads (Reuters)

Trump says China, other countries can't have Nvidia's top AI chips (Reuters)

Genting’s takeover offer for GENM turns unconditional after crossing 50% threshold (The Edge)

Wasco Shareholders Approve Of Listing Renewable Energy Subsidiary (BusinessToday)

AWC plans one-for-four bonus warrants (The Edge)

Solarvest wins 60MW job, deepens Taiwan partnership (The Malaysian Reserve)

CAB Cakaran to launch Indonesian poultry venture with Salim Group after eight-year delay (The Edge)

MMAG unaware of reason for UMA (TheStar)

NexG not MACC’s investigation target, says chairman (The Edge)

Bursa Gives Ho Hup Nov 7 Deadline Or Face Delisting (BusinessToday)

Destini faces trading suspension from Nov 10 after failing to submit annual report (The Edge)

Ireka ropes in China-based firm for recapitalisation plan in bid to exit PN17 status (The Edge)

Farmiera’s IPO oversubscribed 16.7 times ahead of ACE Market debut (The Edge)

S P Setia Landbank Rationalisation Continues With RM273 Million Land Disposal To Mah Sing (BusinessToday)

Monday, 3 Nov 2025 Entitlement Announcement
5:48PM WASCO Offer for Sale
5:14PM HPI Interim Dividend

[winston]

Market News on 5 NOV 2025

Stocks close lower hit by AI valuation concerns, Nasdaq drops 2% after Palantir earnings (CNBC)

Wall Street CEOs Flag High Market Valuations, Pullback Risk (Bloomberg)

Nvidia cannot sell its most advanced AI chip to China, White House says (Reuters)

Gold slips more than 1% on stronger dollar as market awaits US jobs data (Reuters)

Yinson's offshore unit eyes Namibia entry, considers IPO after US$1b funding, CEO says (Reuters)

Feytech to collaborate with DAS Corp Korea for Hyundai's Staria project in Malaysia (The Edge)

IOI Corp eyes 300MW solar capacity in green energy drive (The Edge)

Binastra wins RM188.5 mil contract for works on Cyberjaya data centre (The Edge)

UUE bags largest Singapore contract worth RM67m, lifting order book to record RM522m (The Edge)

Capital A’s restructuring enters final phase, PN17 exit by year-end (The Malaysian Reserve)

AGX Group secures VietJet logistics services deal in Vietnam (The Star)

KUB Malaysia Now Known As JAG Capital (Business Today)

Sasbadi bags RM432,000 MoE contract for preschool digital storybooks (The Star)

NexG gets UMA query as shares skid to six-month low (The Edge)

PJBumi says not aware of reason for share price plunge (The Edge)

Orkim inks underwriting agreement ahead of Main Market IPO (The Star)

Polymer Link targets RM24.3mil fundraising from ACE Market IPO (The Star)

Wasco Greenergy inks underwriting deal with CIMB IB and Maybank IB ahead of Main Market IPO (The Star)

Tuesday, 4 Nov 2025 Entitlement Announcement

5:43PM AXREIT Income Distribution (with Dividend Re-Investment Plan)

[winston]

Market News on 6 NOV 2025

Wall Street ends higher as solid data, strong earnings offset valuation concerns (Reuters)

Supreme Court Appears Skeptical of Trump’s Global Tariffs (Bloomberg)

US service sector activity accelerates in October; employment still subdued (Reuters)

China bans foreign AI chips from state-funded data centres, sources say (Reuters)

Qualcomm forecasts first-quarter results above estimates as AI drives smartphone upgrades (Reuters)

YTL Power wins A$284 mil tax dispute linked to ElectraNet disposal — report (The Edge)

IJM secures RM1.4bil contract for New Pantai Highway Extension (The Star)

Steel Hawk gets shareholder nod to diversify into expanded EPCC segment (The Star)

Yasmin and Iskandar Mahmood to spearhead Jasa Kita’s next phase of sustainable growth, strategic diversification (Business Today)

Kerjaya Prospek bags RM87.7 mil contract work in Shah Alam from E&O (The Edge)

BP Plastics MD on buy mode as shares hit five-year low (The Malaysian Reserve)

AWC unit wins RM2m arbitration award against Emrail (The Malaysian Reserve)

Hextar Capital acquires additional 4.1% stake in Binacom (The Edge)

Pimpinan Ehsan (PEB) proposed regularisation plan under ministerial review, says company (The Edge)

Destini submits annual report ahead of Nov 7 deadline to avert trading suspension (The Edge)

Catcha Digital Rights Issue Oversubscribed By 78%, Raises RM24 Million (Business Today)

[winston]

Market News on 7 NOV 2025

Dow closes lower by nearly 400 points, Nasdaq drops 1.9% as AI stocks resume their decline (CNBC)

Private reports suggest US labor market weakened in October (Reuters)

The end is near for policy easing among big central banks (Reuters)

Google's rolling out its most powerful AI chip, taking aim at Nvidia with custom silicon (CNBC)

BNM Keeps OPR Unchanged At 2.75%, Says Growth Outlook Remains Resilient (Business Today)

Gamuda, Perak agency ink MoU with PBAPP for treated water supply to Penang (The Malaysian Reserve)

Mytech to diversify into moneylending business (The Star)

IOI Corp, Mega Star to build RM100mil integrated coconut mill in Johor (The Star)

Magna Prima’s largest shareholders end takeover offer with 54.96% stake (The Edge)

AEON Credit to inject RM125m into AEON Bank to boost capital base (The Malaysia Reserve)

KPS Unit Secures RM53 Million Chemical Supply Contract From Air Selangor (Business Today)

PT Resources eyes stronger China foothold with Exim Bank collaboration (The Edge)

Systech, Microlink launch Malaysia’s next-generation GPUaaS platform (The Star)

Catcha Acquires Local Tech Site Technave For RM6 Million (Business Today)

HE Group Gets SC’s Nod For Main Market Listing Transfer (Business Today)

KNM Shareholders’ Approval RM1.3 Billion Sale Of Deutsche KNM To Japan’s NGK (Business Today)

Pertama Digital shares to be suspended on Nov 14 after missing regularisation plan deadline (The Malaysia Reserve)

Khee San launches rights issue to raise up to RM96 mil as part of PN17 regularisation plan (The Edge)

Thursday, 6 Nov 2025 Entitlement Announcement

1:16PM KHEESAN Rights Issue