Malaysia Morning Wrap | Genting Malaysia to Stay Listed After Genting Failing to Hit 75% Ownership Threshold

Moomoo News MY wrote a column · Dec 1, 2025 18:31

Key Takeaways:

• U.S. Stocks Break Five-Day Rally on Monday

• Bursa Malaysia Surges to Two-Week High in Strong December Start

• Malaysia Manufacturing Activity Improves in November

• Stocks to watch: Genting Malaysia, Genting, etc.

🇺🇸Wall Street Summary

$S&P 500 Index (.SPX.US)$ 6,812.63 (-0.53%)

$Dow Jones Industrial Average (.DJI.US)$ 47,289.33 (-0.9%)

$Nasdaq Composite Index (.IXIC.US)$ 23,275.92 (-0.38%)

U.S. stocks snapped their five-day winning streak on Monday. The broad decline came as steep drops in Bitcoin, Ethereum, and crypto-linked equities triggered a broader risk-off tone across Wall Street.

The $Dow Jones Industrial Average (.DJI.US)$ sank 427.09 points (0.9%) to a 47,289.33 close, while the $S&P 500 Index (.SPX.US)$ shed 36.46 ticks (0.5%) to 6,812.63 and the $Nasdaq Composite Index (.IXIC.US)$ gave up 89.76 points (0.4%) to 23,275.92.

On Monday, $CoreWeave (CRWV.US)$ rose 5.4%, $Micron Technology (MU.US)$gained 1.68%, and $NVIDIA (NVDA.US)$ advanced 1.66 percent after announcing a two-billion-dollar investment in AI-oriented $Synopsys (SNPS.US)$, whose shares climbed 4.9% on the news.

Meanwhile, renewed market uncertainty on Monday gave precious metals a fresh boost. $Gold Futures (APR6) (GCmain.US)$ climbed as much as 1.1 % to an intraday peak of $2,299.60 per ounce, while $Silver Futures (MAR6) (SImain.US)$ surged 4 % to $59.435—an all-time high.

🇲🇾Bursa Market Insight

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ 1624.57 (+1.25%)

Top Gainer: $AXIATA (6888.MY)$ RM2.62 (+8.71%)

Top Loser: $KLK (2445.MY)$ RM19.1 (-5.45%)

USD/MYR: $USD/MYR (USDMYR.FX)$ 4.131 (-0.02%)

The $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ rose 20.10 points, or 1.25%, to 1,624.57. Bursa Malaysia started December trading strongly, reaching its highest level in nearly two weeks despite a generally cautious market.

Malaysia’s factory sector returned to marginal growth in November: the S&P Global Manufacturing PMI crept up to 50.1—its first reading above the 50-mark since May 2024—thanks to the fastest inflow of new orders since early-2022.

Although firms bought more inputs, output stayed subdued because of material shortages, stiffer competition and a heavier tax load. Nevertheless, the revival in new business lifted confidence to its highest level in months.

🔍IPO Scanner

Malaysia Morning Wrap | Genting Malaysia to Stay Listed After Genting Failing to Hit 75% Ownership Threshold

🔔Stocks to Watch

$GENM (4715.MY)$ will stay publicly listed. Parent company $GENTING (3182.MY)$ ended its takeover offer on Dec 1 with only 73.13% of GENM shares (plus 0.2% pending approval), below the 75% threshold needed to delist the company. Genting had said it would privatize GENM if the RM2.35-per-share bid pushed the public shareholding below 25%.

$CDB (6947.MY)$ has obtained 1800 MHz and 2600 MHz spectrum from Malaysia’s regulator (MCMC), a move that will expand its network capacity and improve service quality for users.

$SUNREIT (5176.MY)$ has named Derek Teh Wan Wei as its new CEO, with the appointment taking effect from Monday.

$TJSETIA (5297.MY)$ has been awarded a RM420 million construction contract by Sunway Bhd.

$SUNWAY (5211.MY)$’s subsidiary, Sunway Cochrane Sdn Bhd, plans to set up a RM2 billion sukuk wakalah programme to fund working capital and growth initiatives.

$NOVAMSC (0026.MY)$ plans to list its majority-owned (60%) subsidiary, Dex-lab Pte Ltd, on Singapore Exchange's Catalist Board.

💡Buy or Sell?

Source: Dow Jones Newswires, Bursa Malaysia, The Malaysian Reserve, The Star, The Edge.

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more