MY Morning Wrap | S P Setia Reports 39.46% YoY Net Profit Increase in Q1 2024
Stocks to watch: S P Setia, Hup Seng Industries.
SNS Network Gets SC Nod for Transfer to Main Market
SNS Network Technology Bhd (KL:SNS) has secured approval from the Securities Commission Malaysia (SC) for its transfer to the Main Market of Bursa Malaysia.
MY Morning Wrap | MAHB Confirms Getting Privatisation Offer from Consortium Led by Khazanah
Stocks to watch: MAHB, Axiata, MyEG.
LFE Corp Bags Two Contracts Worth RM16.7m for Hotel Project in Penang
Electrical and mechanical engineering group LFE Corp Bhd (KL:LFECORP) has bagged two contracts related to the construction of a 22-storey hotel in Penang worth a total of RM16.7 million.
MY Morning Wrap | RHB Research Unveils Top 20 Malaysian Small-cap 'Jewels' for 2024
Stocks to watch: Uzma, Heineken.
Dialog Shares Rally to 15-month High on Strong 3Q Results
Shares of Dialog Group Bhd (KL:DIALOG) hit a 15-month high on Tuesday after the company's reported third-quarter results came in slightly above market expectations.
PTT Synergy Shares Soar to Over Two-decade High on Contract News
Shares of PTT Synergy Group Bhd (KL:PTT) soared on Tuesday to their highest in nearly 24 years after the construction company announced two contracts worth a total of RM169.85 million.
MY Morning Wrap | PTT Synergy Group Secures Two Contracts Worth RM169.85 Million from Sime Darby Property
Stocks to watch: Sime Darby Property, Dialog.
YNH Extends Deadline for RM170 Mil Land Sale to Sunway by a Year After Caveat Found
YNH Property Bhd's (KL: YNHPROP) proposed sale of a 5.098-acre freehold land in Desa Sri Hartamas to Sunway Bhd (KL:SUNWAY) for RM170 million has been extended for a fifth time, stretching the deadline by another year to May 12, 2025, as more conditions are being added to the deal following the discovery of a registered caveat lodged over the property.
Foreign Buying of Local Equities Moderated to RM961m Last Week, Says MIDF
Foreign buying of Malaysian equities extended for the third consecutive week, albeit at a slight moderation of 9.3% to RM 961.1 million last week from RM1.06 billion the prior week.
Sunway Will Be Eligible for Inclusion as KLCI Component Stock at AMMB's Expense, Says RHB IB
RHB Investment Bank (RHB IB) Research said that based on the latest market capitalisation rankings of eligible stocks, Sunway Bhd (KL:SUNWAY) is ranked at 24 and will be eligible for inclusion into the list of component stocks of the FBM KLCI if the ranking remains at the cut-off date.
MY Morning Wrap | Paramount Acquires 21.54% Stake in Eco World International for $40.8m
Stocks to watch: Awantec, Eco World.
Bursa's Average Daily Trading Value Jumps 42% to RM2.9b in 4M2024
Bursa Malaysia's average daily trading value (ADTV) jumped 42% to RM2.9 billion in the first four months of 2024 (4M2024), showing the vibrancy of the local equity market since early this year.
Bursa Expects Strong 2024 Equities Market on Positive FDI News; Optimistic on Achieving IPO KPIs
KUALA LUMPUR (May 10): Bursa Malaysia Bhd expects strong equities market performance in 2024, attributed to positive news on foreign direct investment (FDI), notably Microsoft's US$2.2 billion investment in a cloud and AI hub.
MAA Raises Stake in KNM to 13.54%
MAA Group Bhd (KL:MAA) has acquired an additional 201.48 million shares, or a 4.98% stake, in troubled Practice Note 17 (PN17) company KNM Group Bhd (KL:KNM) for RM33.24 million, or an average price 16.5 sen per share.
Bursa Lifts Awantec From Affected Issuer Status After Three Years
KUALA LUMPUR (May 10): Bursa Malaysia Securities Bhd (Bursa Securities) on Friday lifted Awanbiru Technology Bhd (KL:AWANTEC), formerly Prestariang Bhd, from its status as an affected listed issuer, after three years.
Bursa's All-time High Indicates Madani Framework Is Building Investor Confidence — Amir Hamzah
KUALA LUMPUR (May 10): Bursa Malaysia's all-time high indicates that measures under the Madani framework are building investor confidence, said Finance Minister II Senator Datuk Seri Amir Hamzah Azizan.
Supermax Acquires Remaining Stake in 67%-owned Loss-making Canadian Unit for RM18.96 Mil Cash
Glove manufacturer Supermax Corp Bhd (KL:SUPERMX) is acquiring the remaining 33% equity interest in its 67%-owned subsidiary Supermax Healthcare Canada Inc (SHCI) for C$5.5 million (RM18.96 million) cash. Supermax is acquiring the stake from Sylvain Bergeron, who has been a business partner of the company since 2004 when Supermax's founder and managing director Datuk Seri Stanley Thai Kim Sim partnered with Bergeron to start the Canadian branch of Supermax.
MY Morning Wrap | Solarvest Secures RM40.4 Million Contract to Install Rooftop Solar PV Systems for Scientex
Stocks to watch: Scientex, Mr DIY.
Market Chatter: Go Hub Capital Gets Bourse's Nod to List on ACE Market
Go Hub Capital secures the approval of Bursa Malaysia to list on the ACE Market, The Star reported Wednesday. The transport information technology solutions provider is eyeing an initial public offeri
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