<div class=newsTextDataWrapInner>KUALA LUMPUR (May 15): RHB Retail Research said Ahmad Zaki Resources Bhd (KL:AZRB) is eyeing a technical breakout after testing the 25 sen level for the past week, while remaining above the ascending 21-day simple moving average (SMA) line.</div>

<div class=newsTextDataWrapInner>In a note on Wednesday, the research house said that if a breakout occurs, the bullish momentum should drive the stock towards the year-to-date high of 29 sen, followed by the next resistance point of 33 sen.</div>

<div class=newsTextDataWrapInner>“However, falling below the 22 sen support would reverse the momentum, as the counter be trading below the SMA line and forming a 'lower low' bearish structure,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

RHB Retail Research said Ahmad Zaki Resources Bhd (KL:AZRB) is eyeing a technical breakout after testing the 25 sen level for the past week, while remaining above the ascending 21-day simple moving average (SMA) line.

AZRB is eyeing a technical breakout, says RHB Retail Research 

RUSSIA-based Svetofor Group, which operates a chain of grocers in Russia and across Europe is planning to make its entry into Malaysia, possibly its first Southeast Asian destination. The group, known for its hard discount stores/budget supermarkets, is understood to be awaiting the green light f...

Russian grocery retailer Svetofor gears up for Malaysian debut

Global airlines on Monday raised their profit forecast for 2024 and projected industry wide revenues just shy of US$1 trillion (RM4.71 trillion) as a record number of travellers board flights.

Global airlines raise 2024 profit outlook as travel soars

THE government is understood to have narrowed the field down to two companies — Dagang NeXchange Bhd or DNeX (KL:DNEX) and Theta Edge Bhd (KL:THETA) — for the National Integrated Immigration System (NIISe) project aimed at integrating the border control system under various agencies of the Minist...

DNeX and Theta Edge in two-horse race for NIISe project

Oil prices were little changed on Monday, as investors weighed a move by producer group Opec+ to extend deep output cuts well into 2025.

Oil prices steady as investors assess Opec+ output cut extension

Indian shares set records, the rupee gained and bond yields dropped early on Monday as exit polls pointed to a third term and sizeable mandate for Prime Minister Narendra Modi, with investors eyeing public spending to maintain economic momentum.

Indian shares at record highs as exit polls predict Modi landslide

Toyota Motor said on Monday its chairman would speak about an investigation it has conducted into its vehicle certification applications after being prompted by Japan's transport ministry.

Toyota, other Japan automakers under fire for vehicle certification issues

Asian share markets rallied on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair.

Asia shares rally on promise of rate relief, factories rev up

Maybank Investment Bank (Maybank IB) has raised its earnings forecasts by 20% for Dialog Group Bhd’s (KL:DIALOG) financial year 2025 (FY2025) and by 19% for FY2026, to reflect the renewal of its master service agreement by Petroliam Nasional Bhd (Petronas) and a turnaround in its downstream segment.

Maybank IB raises FY2025-26 earnings forecasts for Dialog

IT is not easy to rattle Malaysia’s top investment banks, namely Malayan Banking Bhd and CIMB Bank Bhd, which have built their businesses on the back of the country’s rapid economic growth over the past decade. But, being small does not mean that a bank doesn’t have its own advantages at a time o...

Former JP Morgan banker tasked to transform Affin Hwang Investment Bank

China's factory activity grew the fastest in about two years in May due to production gains and new orders, particularly at smaller firms, a private sector survey showed on Monday, lifting the outlook for the second quarter.

China's manufacturing surges, Caixin PMI shows, but global risks grow

Asian share markets rallied on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair.

China accused the European Union (EU) of working to “suppress” Chinese companies and said it will take action to safeguard its interests, as the bloc moves closer to imposing tariffs on Chinese electric vehicles (EVs).

China steps up warning to EU days before tariff decision

China's factory activity grew the fastest in about two years in May due to production gains and new orders, particularly at smaller firms, a private sector survey showed on Monday, lifting the outlook for the second quarter.

Price cuts and new models helped Chinese electric vehicle (EV) makers, including BYD Co and Nio Inc, continue to grow sales in May even as the overall market for passenger cars is expected to see deliveries shrink, industry data showed.

Chinese EV makers defy industry slump as price cuts boost sales

The main drivers behind the remarkably resilient American consumer are losing steam at the same time, suggesting a recent pullback in household demand may be more than just a one-off.

Key engines of US consumer spending are losing steam all at once

Australia’s red meat exports are setting records, buoyed by surging demand for beef and sheep in Asian emerging markets, according to Agriculture Minister Murray Watt.

Southeast Asia buying record amounts of Australia meat, says minister

Indian shares set records, the rupee gained and bond yields dropped early on Monday as exit polls pointed to a third term and sizeable mandate for Prime Minister Narendra Modi, with investors eyeing public spending to maintain economic momentum.

Maybank Investment Bank (Maybank IB) has raised its earnings forecasts by 20% for Dialog Group Bhd’s (KL:DIALOG) financial year 2025 (FY2025) and by 19% for FY2026, to reflect the renewal of its master service agreement by Petroliam Nasional Bhd (Petronas) and a turnaround in its downstream segment.

China’s leaders are “bizarrely unwilling” to use more government spending to support consumer demand instead of production, according to Nobel laureate in economics Paul Krugman.

Economist says China is ‘bizarrely unwilling’ to boost demand

IT is not easy to rattle Malaysia’s top investment banks, namely Malayan Banking Bhd and CIMB Bank Bhd, which have built their businesses on the back of the country’s rapid economic growth over the past decade. But, being small does not mean that a bank doesn’t have its own advantages at a time o...

Prime Minister Datuk Seri Anwar Ibrahim has extended his highest congratulations to His Majesty Sultan Ibrahim, King of Malaysia, in conjunction with Sultan Ibrahim's official birthday on Monday.

Anwar congratulates King on his birthday

Japanese companies trimmed capital investment in the first quarter, a result that likely indicates revised data due next week will continue to show the economy contracted in the period.

Japan’s firms trim spending, reflecting headwinds to growth

The International Air Transport Association (IATA) announced that its projection for sustainable aviation fuels (SAF) to triple to reach 1.9 billion litres (1.5 million tonnes) in 2024 is on track.

Sustainable aviation fuel production on track to triple in 2024 — IATA

Toyota Motor said on Monday its chairman would speak about an investigation it has conducted into its vehicle certification applications after being prompted by Japan's transport ministry.

Asian currencies were largely steady on Monday, while stocks gained after US inflation data showed prices had stabilised, helping crystallise market expectations of a Federal Reserve (Fed) interest rate cut this year.

Asian FX steady, stocks surge as investors bet on US rate cut

THE government is understood to have narrowed the field down to two companies — Dagang NeXchange Bhd or DNeX (KL:DNEX) and Theta Edge Bhd (KL:THETA) — for the National Integrated Immigration System (NIISe) project aimed at integrating the border control system under various agencies of the Minist...

It is exciting to see more digital wealth and investment solutions in the market these days. The more interesting ones include stock trading app Moomoo and the GXBank app. Meanwhile, Versa, with its clean and intuitive interface, is another worthy option.

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Japan's factory activity expanded for the first time in a year in May, a private-sector survey showed on Monday, but overall growth was modest and demand was still subdued while a weak yen raised the cost of imported items for some producers.

Japan's May factory activity expands for first time in a year, PMI shows

Robo-advisory services, or digital investment managers (DIMs), are gaining further traction with the launch of Robo Investment Advisor (RIA) by Amanah Saham Nasional Bhd (ASNB). The aim of the service is to provide convenience, accessibility and affordability to investors.

A unique sell...

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Oil prices were little changed on Monday, as investors weighed a move by producer group Opec+ to extend deep output cuts well into 2025.