News Analytics
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MCMC: Social media, internet messaging services must apply for licences
KUALA LUMPUR (July 27): All social media and internet messaging services with at least eight million...
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US DOJ asks court to reject TikTok challenge to crackdown law
(July 27): The US Department of Justice (DOJ) asked a federal appeals court late on Friday to uphold...
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The Week Ahead: FOMC meeting in focus, US Democratic presidential candidate could be announced
This article first appeared in The Edge Malaysia Weekly on July 29, 2024 - August 4, 2024 The main f...
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A major win in Sarawak’s bid to reclaim rights
KUALA LUMPUR (July 27): Sarawak certainly had more good reasons to celebrate its 61st year of indepe...
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Premier: Sarawak expects to ink S&P on Affin Bank deal in a month
This article first appeared in The Edge Malaysia Weekly on July 22, 2024 - July 28, 2024 SARAWAK exp...
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AirAsia X, Capital A, Hibiscus, Dagang NeXchange, ViTrox, Ekovest, Knusford, Alam Maritim, Datasonic, Kumpulan Kitacon, DXN, Homeritz, Westport, MGRC
KUALA LUMPUR (July 26): Here is a brief recap of some business news and corporate announcements that...
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Cyberview signs three MOUs to make Cyberjaya a global technology hub
KUALA LUMPUR (July 26): Cyberview Sdn Bhd has signed three Memoranda of Understanding (MOUs) with th...
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Homeritz’s 3Q net profit soars 46.37% on higher sales and strong greenback
KUALA LUMPUR (July 26): Upholstery furniture products manufacturer Homeritz Corp Bhd’s (KL:HOMERIZ) ...
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Kumpulan Kitacon bags RM54.5m job to build houses in Rawang
KUALA LUMPUR (July 26): Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to u...
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Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford
KUALA LUMPUR (July 26): Ekovest Bhd (KL:EKOVEST) said it has agreed to a further extension of time t...
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Alam Maritim submits regularisation plan to exit PN17 status
KUALA LUMPUR (July 26): Practice Note 17 (PN17) company Alam Maritim Resources Bhd (KL:ALAM) has ann...
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DXN Holdings 1Q net profit up 10.26%, targets market presence in Zambia, Ghana
KUALA LUMPUR (July 26): Health and wellness direct selling company DXN Holdings Bhd (KL:DXN) said on...
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Amkor wins US$600 mil in US grants, loans for chip packaging
(July 26): Amkor Technology Inc is in line to receive US$400 million (RM1.87 billion) in US governme...
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Türkiye seeks collab with Sarawak on high-tech, green energy — Turkish Ambassador
KUCHING (July 26): Türkiye is committed to expanding its bilateral partnership with Malaysia and se...
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MGRC plans private placement to raise up to RM4.98 mil
KUALA LUMPUR (July 26): Biopharmaceutical company Malaysian Genomics Resource Centre Bhd (KL:MGRC) h...
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AirAsia X to take over Capital A’s aviation business directly without setting up NewCo
KUALA LUMPUR (July 26): AirAsia X Bhd (KL:AAX) said on Friday it will be directly acquiring Capital ...
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Woes at Qoo10’s South Korean e-commerce units intensify as companies cut ties
SEOUL (July 26): Two South Korean e-commerce platforms owned by Singapore-based Qoo10 slipped deeper...
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ASB ceases to be substantial shareholder of Telekom Malaysia
KUALA LUMPUR (July 26): Amanah Saham Bumiputera (ASB), a unit trust fund of Permodalan Nasional Bhd,...
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AirAsia X to take over Capital A’s aviation business directly without setting up NewCo
KUALA LUMPUR (July 26): AirAsia X Bhd (KL:AAX) said it has scrapped its reorganisation plan to set u...
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Great rotation trade sees investors dump AI giants for less obvious stocks
(July 26): Signs that equity investors are getting cold feet over the rapid advances in artificial i...
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JPMorgan gives staff AI-powered ‘research analyst’ chatbot
(July 26): JPMorgan Chase & Co has launched a generative artificial intelligence (GenAI) tool, and t...
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Mercedes-Benz walks back outlook after EV, China sales plunge
(July 26): Mercedes-Benz Group AG trimmed the upper range of its forecast, on the back of a subdued ...
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Datasonic gets RM30m contract to supply smart cards to Indonesians
KUALA LUMPUR (July 26): Datasonic Group Bhd (KL:DSONIC) has secured a RM30 million contract to suppl...
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Apple’s iPhone drops out of top five in China as local rivals soar
(July 26): Apple Inc lost ground in China’s smartphone market in the June quarter, after local compa...
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Westports’ 2Q net profit up 5%, declares 8.89 sen dividend
KUALA LUMPUR (July 26): Westports Holdings Bhd’s (KL:WPRTS) net profit for the second quarter rose 4...
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Ecohlds, KIPREIT, Varia, M&G, CWG
KUALA LUMPUR (July 26): theedgemalaysia.com highlighted two stocks with positive momentum and three ...
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Cape EMS shares fall to new record low, intraday short-selling suspended
KUALA LUMPUR (July 26): Shares in electronics manufacturing services firm Cape EMS Bhd (KL:CEB) fell...
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Proton begins RM253m expansion in Tanjung Malim
KUALA LUMPUR (July 26): National carmaker Proton Holdings Bhd has recently kicked off its RM253 mill...
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Taiwan's TSMC joins global tech rout as trading resumes after typhoon
(July 26): Taiwan Semiconductor Manufacturing Co (TSMC) shares fell the most in three months, as tra...
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Southern Acids to spend RM43.8 mil in FY2025 on planting, equipment and plant upgrades
KUALA LUMPUR (July 26): Oleochemical and palm oil company Southern Acids (M) Bhd (KL:SAB) has alloca...
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Stellantis CEO says ‘no taboos’ on brands as profit plummets
(July 26): Stellantis NV floated the possibility of shedding one or more of the auto giant’s 14 bran...
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Temasek-backed EvolutionX shifts fund focus to India from China
(July 26): EvolutionX Debt Capital Pte Ltd, a joint venture between Temasek Holdings Pte Ltd and DBS...
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OpenAI tests new AI search features in direct challenge to Google
(July 26): OpenAI is letting a limited group of users test a new set of search features that will an...
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Top Glove upgraded to ‘A’ in MSCI ESG Ratings
KUALA LUMPUR (July 26): Top Glove Corporation Bhd (KL:TOPGLOV) has been upgraded to an “A” in the MS...
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Electricity grid's third-party access open by September to new RE plants, new demand
KUALA LUMPUR (July 26): The government is en route to open up third-party access to Malaysia's elect...
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Global PV tracker shipments grew by 28% in 2023, says WoodMac
KUALA LUMPUR (July 26): Global photovoltaics (PV) tracker shipments grew by 28% in 2023 to 92 gigawa...
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Generative AI for procurement has hit peak of inflated expectations, says Gartner
KUALA LUMPUR (July 26): Generative artificial intelligence (GenAI) for procurement is at the peak of...
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Kucingko shares more than double in ACE Market debut
KUALA LUMPUR (July 26): Shares in Kucingko Bhd (KL:KUCINGKO) more than doubled on their trading debu...
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Hibiscus awarded 65% participating interest in PSC by Petronas
KUALA LUMPUR (July 26): Hibiscus Petroleum Bhd (KL:HIBISCS) has been awarded a 65% participating int...
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RHB IB stays 'neutral' on media sector, says growth prospects remain challenging
KUALA LUMPUR (July 26): RHB Investment Bank (RHB IB) has maintained its 'neutral' rating for the med...
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Eversendai attempting to resume the upside movement, says RHB Retail Research
KUALA LUMPUR (July 26): RHB Retail Research said Eversendai Corp Bhd (KL: SENDAI) is attempting to r...
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Phillip Capital keeps buy on Kerjaya Prospek, ups target price to RM2.60
KUALA LUMPUR (July 26): Phillip Capital has maintained its “buy” rating on Kerjaya Prospek Group Bhd...
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Stocks mostly climb after recent selloff; yields fall, yen rises
NEW YORK (July 26): World stock indexes mostly rose on Thursday, with the S&P 500 gaining after the ...
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Musk to discuss US$5 billion xAI investment with Tesla board
(July 26): Tesla CEO Elon Musk said on Thursday he and the board of the electric vehicle company wil...
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Annum appoints Parker Russell for independent review of financials
KUALA LUMPUR (July 25): Wood products manufacturer Annum Bhd (KL:ANNUM), formerly known as Cymao Hol...
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Eight companies, including Petronas, win Bursa Malaysia’s first carbon credit auction from Kuamut project
KUALA LUMPUR (July 25): Bursa Malaysia Bhd (KL:BURSA) on Thursday announced eight successful bidders...
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IGB REIT, IGB Commercial REIT, KIP REIT, UOA REIT, Nestlé, ViTrox, Luxchem, Texchem, SCIB, JAKS, TDM, Ahmad Zaki, Iqzan
KUALA LUMPUR (July 25): Here is a brief recap of some business news and corporate announcements that...
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American Airlines slashes profit outlook after strategic misstep
(July 25): American Airlines Group Inc cut its earnings outlook as it works to bounce back from earl...
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Meta to be hit with first EU antitrust fine for linking Marketplace and Facebook — Reuters
BRUSSELS (July 25): Meta Platforms is set to be hit in a few weeks with its first EU antitrust fine ...
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Iqzan to be delisted from July 30 after Bursa dismisses extension appeal
KUALA LUMPUR (July 25): Iqzan Holdings Bhd (KL:IQZAN) will be delisted from Bursa Malaysia next Tues...
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SCIB accepts RM162 mil contract in Perak
KUALA LUMPUR (July 25): Sarawak Consolidated Industries Bhd (KL:SCIB) has accepted a contract worth ...
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EVENING 5: Five things you need to know today
EVENING 5: Nestlé 2Q earnings nearly halve on tighter consumer wallets Here’s a quick look at some ...
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RGB International says unaffected by Philippine offshore gaming ban
KUALA LUMPUR (July 25): Electronic gaming machine maker RGB International Bhd (KL:RGB) said on Thurs...
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Affin Bank inks MOU to bolster SME growth in Sarawak
KUCHING (July 25): Affin Bank Bhd has inked a Memorandum of Understanding (MOU) with three local ind...
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Capital A Aviation Group maintains 90% load factor, 15.6 mil passenger volume in 2Q
KUALA LUMPUR (July 25): The AirAsia Aviation Group (AAG) maintained its quarterly load factor of 90%...
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Texchem returns to the black in 2Q after six quarters of losses
KUALA LUMPUR (July 25): Texchem Resources Bhd (KL:TEXCHEM) — which has businesses ranging from engin...
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Public Bank issues RM1.5 bil subordinated notes
KUALA LUMPUR (July 25): Public Bank Bhd (PBB) (KL:PBBANK) on Thursday issued the second tranche of s...
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SCIB secures RM162 mil contract for civil servant housing project in Perak
KUALA LUMPUR (July 25): Sarawak Consolidated Industries Bhd (KL:SCIB) — via its wholly-owned unit SC...
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Coinbase unit fined by UK for taking on high-risk customers
(July 25): A unit of Coinbase Global Inc was fined £3.5 million (US$4.5 million or RM20.9 million) b...
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Harley-Davidson's 2Q profit rises on steady demand for pricier bikes
(July 25): Harley-Davidson reported a 23% rise in quarterly profit on Thursday, as demand held up fo...
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Nasdaq profit beats estimates as fintech sales soar
(July 25): Nasdaq beat estimates for second-quarter profit on Thursday, driven mainly by strong dema...
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Renesas falls most in 15 years on sluggish industrial demand
(July 25): Renesas Electronics Corp’s stock fell the most in more than 15 years, hit by a broader te...
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IGB REIT declares 2.56 sen distribution as net property income rises 6.5% in 2Q
KUALA LUMPUR (July 25): IGB Real Estate Investment Trust’s (KL:IGBREIT) net property income (NPI) fo...
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JAKS Resources inks land lease MOU with TDM unit for LSS5 project
KUALA LUMPUR (July 25): JAKS Resources Bhd (KL:JAKS) said it has signed a memorandum of understandin...
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Mlabs Systems' rights issue undersubscribed by 0.37%
KUALA LUMPUR (July 25): Mlabs Systems Bhd's (KL:MLAB) proposed rights issue with warrants to raise u...
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KIP REIT net property income surges 63% in 4QFY2024, declares 1.97 sen payout per unit
KUALA LUMPUR (July 25): KIP Real Estate Investment Trust (KL:KIPREIT) said on Thursday its net prope...
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Apple's China market share shrinks as Huawei surges, data shows
BEIJING (July 25): Apple's market share in China shrank by two percentage points in the second quart...
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Hyundai Motor posts record 2Q profit on strong US sales, to boost hybrid lineups
SEOUL (July 25): Hyundai Motor reported record quarterly profit and revenue on Thursday on strong sa...
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Alibaba backs US$2.8b firm in third major AI deal of 2024
(July 25): Alibaba Group Holding Ltd has participated in new financing of five billion yuan (US$691 ...
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Insured losses from CrowdStrike outage could reach US$1.5b, CyberCube says
LONDON (July 25): Global insured losses from last week's massive IT outage are likely to range from ...
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Ford plummets as higher costs, EV unit take a toll on profit growth
(July 25): Shares of Ford Motors sank over 12% in early premarket trading on Thursday after the auto...
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French semiconductor firm Weeroc to start ops by 2025 with RM20 mil investment
KUALA LUMPUR (July 25): French semiconductor manufacturer Weeroc plans to invest about RM20 million ...
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Nissan profit wiped out by US discounts; shares hammered
TOKYO (July 25): Japan's Nissan Motor slashed its annual outlook on Thursday after deep discounting ...
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STMicro cuts forecast as slump in automotive chips persists
(July 25): STMicroelectronics NV cut its annual revenue outlook for the second consecutive quarter a...
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Pesona Metro plans to establish RM185m sukuk wakalah programme
KUALA LUMPUR (July 25): Pesona Metro Holdings Bhd (KL:PESONA) has made a lodgement with the Securiti...
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The Edge Court Judgments Report
This article first appeared in The Edge Malaysia Weekly on July 15, 2024 - July 21, 2024 This monthl...
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Luxchem's 2Q net profit climbs 30%, declares 0.8 sen dividend
KUALA LUMPUR (July 25): Plastic material and resin manufacturer Luxchem Corp Bhd's (KL:LUXCHEM) net ...
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SKBshut, CWG, Jaskita, MaSteel, Melewar
KUALA LUMPUR (July 25): theedgemalaysia.com highlighted five stocks with momentum at Bursa Malaysia’...
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Prudential plc emerges as substantial shareholder in TT Vision
KUALA LUMPUR (July 25): Prudential plc has emerged as a substantial shareholder at Penang-based auto...
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Ahmad Zaki gets RM152 mil contract to build Port Dickson specialist hospital
(July 25): Ahmad Zaki Resources Bhd (KL:AZRB) said on Thursday it has secured a contract worth RM151...
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Cover Story: Kuantan Port to benefit from Malaysia-China bilateral ties
This article first appeared in The Edge Malaysia Weekly on July 15, 2024 - July 21, 2024 ALLIANCE St...
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Cover Story: IJM to grow, unlock value in toll road concessions
This article first appeared in The Edge Malaysia Weekly on July 15, 2024 - July 21, 2024 IJM Corp Bh...
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Cover Story: Charting IJM Corp’s next growth phase
This article first appeared in The Edge Malaysia Weekly on July 15, 2024 - July 21, 2024 HAVING adop...
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Asean Digital Economy Framework expected to conclude at Asean Summit 2025
KUALA LUMPUR (July 25): The forward-looking Asean Digital Economy Framework (Defa), currently under ...
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Top startup trends to watch in 2H2024 — from chips to AI funds
KUALA LUMPUR (July 25): So far, 2024 has proceeded very much like 2023 in the startup world. In a re...
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Crowded TSMC trade drives funds to cheaper AI bets in South Korea
(July 25): Investors searching for ways to navigate the artificial intelligence (AI) story are turni...
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BAT’s valuations are undemanding, says CGS International
KUALA LUMPUR (July 25): CGS International has maintained its “add” rating on British American Tobacc...
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Porsche bids to restore output, tackle supply chain risks in second half
BERLIN (July 25): Porsche said on Wednesday it was fighting to restore production volumes and re-pri...
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Boeing finalises 737 MAX guilty plea deal, US outlines reasons
(July 24): Boeing finalised a guilty plea to a criminal fraud conspiracy charge and agreed to pay at...
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SK Hynix tumbles by most in 20 months after AI sell-off
(July 25): Shares in SK Hynix Inc slid by the most in 20 months after a rout in tech stocks, oversha...
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Apex Securities lowers TP for Axiata to RM2.55, sees mixed impact from unrest in Bangladesh
KUALA LUMPUR (July 25): Apex Securities has maintained its 'hold' call on Axiata Group Bhd (KL:AXIAT...
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Gobind: Govt ready to work with industry players to strengthen digital industry
KUALA LUMPUR (July 24): The unity government through the Ministry of Digital is committed and ready ...
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TA Securities downgrades Gadang, cuts target price to 37 sen
KUALA LUMPUR (July 25): TA Securities has downgraded Gadang Holdings Bhd (KL: GADANG) to “sell” at ...
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Phillip Capital expects TT Vision to report higher sequential earnings in 2Q2024
KUALA LUMPUR (July 25): Phillip Capital has maintained its “buy” rating on TT Vision Holdings Bhd (K...
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Delta expected to take US$500 million hit as disruptions start to ease
(July 25): Delta Air Lines Inc. is expected to take a sizable financial hit this quarter from the sy...
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CrowdStrike sends US$10 gift cards to IT workers as mea culpa
(July 25): IT workers who have been working long hours to restore computer service from a global out...
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Tesla's bleak margins sink shares as Musk hypes everything but cars
(July 25): Tesla shares tumbled 12% on Wednesday, evaporating almost $100 billion in stock market va...
Daily Sentiments
97 News articles
38
Positive
37
Neutral
22
Negative
97 News articles
Positive
38
Neutral
37
Negative
22