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Sentiments

Sentiment

Govt to strengthen collaboration with TNB, Energy Commission for renewable energy integration

PETALING JAYA: The government will strengthen collaboration with Tenaga Nasional Bhd (TNB) and the E...

Sentiment

Maxis, PIE Industrial, Mi Technovation, CSC Steel, Avillion, MRCB, Hextar Capital, TNB, Magma, Pekat, EG Industries, Samaiden, BTM Resources, Gamuda

KUALA LUMPUR (May 16): Here is a brief recap of some corporate announcements and happenings that mad...

Source: TheEdge

Sentiment

Wall Street down on the dollar as trade unease lingers

(May 16): In a week that saw an epic rally in US stocks and recession calls cast aside, currency tra...

Source: TheEdge

Sentiment

Avillion, owned by late Daim’s son, plans RM11.5m placement to upgrade Port Dickson hotel

KUALA LUMPUR (May 16): Avillion Bhd (KL:AVI) plans to raise RM11.5 million through a private placeme...

Source: TheEdge

Sentiment

Tropicana appoints architecture firm Skidmore, Owings & Merrill to design Lido Waterfront Boulevard in Johor

KUALA LUMPUR (May 16): Tropicana Corp Bhd (KL:TROP) has appointed renowned architecture, engineering...

Source: TheEdge

Sentiment

Oasis Home’s ACE Market IPO shares oversubscribed by 0.55 times

KUALA LUMPUR (May 16): Oasis Home Holding Bhd is the latest initial public offering (IPO) to have re...

Source: TheEdge

Sentiment

Bursa Malaysia CFO Rosidah Baharom to step down after 11 years

KUALA LUMPUR (May 16): Bursa Malaysia Bhd (KL:BURSA), the operator of the country's bourse, said its...

Source: TheEdge

Sentiment

South Korea's KNOC joins Hibiscus associate 3D Energi and ConocoPhillip in Australia gas hunt

KUALA LUMPUR (May 16): The Korea National Oil Corporation (KNOC) — South Korea's state-owned oil and...

Source: TheEdge

Sentiment

Samaiden, BTM Resources mutually call off 10MW biomass power plant project

KUALA LUMPUR (May 16): Samaiden Group Bhd (KL:SAMAIDEN) announced the mutual termination of its lett...

Source: TheEdge

Sentiment

Magma Group in joint venture to expand Chagee’s footprint in Malaysia

PETALING JAYA: Magma Group Bhd’s wholly owned subsidiary, Magma Chain Management Sdn Bhd, has signed...

Source: TheSun

Sentiment

Chagee to widen retail footprint in Malaysia via joint venture with Magma Group

PETALING JAYA: Magma Group Bhd’s wholly owned subsidiary, Magma Chain Management Sdn Bhd, has signed...

Source: TheSun

Sentiment

Acme Holdings to sell 5.85-acre land in Penang for RM22m

KUALA LUMPUR (May 16): Acme Holdings Bhd (KL:ACME) is selling a 5.86-acre parcel together with a bui...

Source: TheEdge

Sentiment

Samaiden bags RM108.6 mil EPCC job for large-scale solar project

KUALA LUMPUR (May 16): Samaiden Group Bhd (KL:SAMAIDEN) has secured a RM108.6 million contract to ca...

Source: TheEdge

Sentiment

Mi Technovation records sharp 1Q profit drop amid forex headwinds

KUALA LUMPUR (May 16): Mi Technovation Bhd (KL:MI), a semiconductor solutions provider, reported a 3...

Source: TheEdge

Sentiment

EG Industries clinches deal to produce AI-related products for US tech firm

KUALA LUMPUR (May 16): Electronic manufacturing services firm EG Industries Bhd (KL:EG) has secured ...

Source: TheEdge

Sentiment

Gamuda buying 336-acre land near Gamuda Cove project

KUALA LUMPUR (May 16): Gamuda Bhd (KL:GAMUDA) said on Friday it is buying three plots of land measur...

Source: TheEdge

Sentiment

Microsoft on track to dodge EU antitrust fines in Teams probe

(May 16): Microsoft Corp is on track to dodge a hefty antitrust fine after European Union watchdogs ...

Source: TheEdge

Sentiment

Strong investor demand sees Oasis Home Holding’s ACE Market IPO oversubscribed 1.55 times

KUALA LUMPUR: Omnichannel consumer lifestyle products marketer and seller Oasis Home Holding Bhd has...

Source: TheSun

Sentiment

Hextar Capital’s associate wins contract to build Malaysia’s first super high-voltage power substation

KUALA LUMPUR (May 16): A joint venture between Hextar Capital Bhd’s (KL:HEXCAP) associate, Transgrid...

Source: TheEdge

Sentiment

Apple blocks access to video game 'Fortnite' in US, EU, Epic Games says

STOCKHOLM (May 16): Apple has blocked the Fortnite video game on its iPhones in the United States an...

Source: TheEdge

Sentiment

Intel spars with EU regulators over US$421.4m antitrust fine

LUXEMBOURG (May 16): US chipmaker Intel on Friday sparred with EU antitrust regulators over a €376 m...

Source: TheEdge

Sentiment

Citi to cut up to 200 tech contractor roles in China — Reuters

HONG KONG (May 16): Citigroup is cutting up to 200 information technology (IT) contractor roles in C...

Source: TheEdge

Sentiment

Coinbase hack rocks company that led crypto into mainstream

(May 16): On the long list of crypto companies that have been hacked, there are plenty of examples o...

Source: TheEdge

Sentiment

Applied Materials gives tepid forecast as China sales slip

(May 16): Applied Materials Inc, the largest American maker of chip-manufacturing equipment, gave a ...

Source: TheEdge

Sentiment

Axiata’s asset monetisation could be key rerating catalyst, result in special dividend payout — CIMB Research

KUALA LUMPUR (May 16): Axiata Bhd’s (KL:AXIATA) potential asset monetisation initiatives over the ne...

Source: TheEdge

Sentiment

Fibromat targets more main contractor roles after RM283.5m Kelantan project win

KUALA LUMPUR (May 16): Fibromat (M) Bhd (KL:FIBRO) is aiming for more main contractor jobs after lan...

Source: TheEdge

Sentiment

Indonesia’s wealth fund in talks to aid flagship airline Garuda — Bloomberg

(May 16): Garuda is in talks with Indonesia’s sovereign wealth fund Danantara about an injection of ...

Source: TheEdge

Sentiment

iPhone supplier TDK readying batteries geared for thin AI gadgets, CEO reveals

(May 16): TDK Corp is readying a new generation of batteries to power smartphones through artificial...

Source: TheEdge

Sentiment

India’s Greenko Energy founders eye new deal to buy stake from Orix — Bloomberg

(May 16): The founders of Indian clean energy producer Greenko Energy Holdings are still working on ...

Source: TheEdge

Sentiment

Nuclear plant shutdown leaves Taiwan facing energy crunch

SINGAPORE/TAIPEI (May 16): In 1996, a rust-streaked freighter carrying barrels of nuclear waste atte...

Source: TheEdge

Sentiment

Magma to tap Chagee's premium tea chain in Malaysia

KUALA LUMPUR (May 16): Magma Group Bhd (KL:MAGMA) said it has signed a partnership with Nasdaq-liste...

Source: TheEdge

Sentiment

Lotte Chemical to start operating Indonesia cracker in 2H2025

BANGKOK (May 16): Lotte Chemical plans to start operations at its new cracker in Indonesia in the se...

Source: TheEdge

Sentiment

Prasarana, UN network to launch digital platform in August to assist over 5,000 SMEs

PETALING JAYA (May 16): Prasarana Malaysia Bhd will launch a dedicated digital platform, Vendor ESG ...

Source: TheEdge

Sentiment

Paradigm REIT pitches itself as shelter for investors amid market turmoil

KUALA LUMPUR (May 16): Paradigm Real Estate Investment Trust is pitching itself as a shelter for inv...

Source: TheEdge

Sentiment

Sarawak Cable’s Mahmud Abu Bekir unaware of and opposed to lawsuit against Leader Cable’s liquidators — lawyer's email

KUALA LUMPUR (May 16): Sarawak Cable Bhd (KL:SCABLE) board member and major shareholder Datuk Seri M...

Source: TheEdge

Sentiment

Hacking of trading accounts in Japan spreads to mid-sized firms

(May 16): Criminals have targeted mid-sized brokerages in Japan after the country’s biggest securiti...

Source: TheEdge

Sentiment

Maxis’ 1Q net profit edges up 5%, declares dividend of four sen per share

KUALA LUMPUR (May 16): Mobile network operator Maxis Bhd (KL:MAXIS) said its net profit rose 5% in t...

Source: TheEdge

Sentiment

Melati Ehsan unveils Khaya Residences sales gallery

KUALA LUMPUR (May 16): Melati Ehsan Group, through its member Bayu Mantap Sdn Bhd, unveiled the sale...

Source: TheEdge

Sentiment

Pekat’s unit bags RM135m TNB contract for power distribution equipment

KUALA LUMPUR (May 16): Pekat Group Bhd (KL:PEKAT) said on Friday that its indirect 60%-owned subsidi...

Source: TheEdge

Sentiment

Demand for flights to China has risen recently, Singapore Airlines exec says

SEOUL (May 16): Singapore Airlines has seen a surge in passenger traffic into China in recent months...

Source: TheEdge

Sentiment

Taiwan's GlobalWafers, supplier to TSMC, hikes US spending to US$7.5b

(May 16): Taiwanese chip materials maker GlobalWafers Co plans to raise its investments in the US to...

Source: TheEdge

Sentiment

ByteDance aims to match Meta sales in 2025 as TikTok gains steam

(May 16): ByteDance Ltd is targeting revenue growth of about 20% in 2025 despite a potential global ...

Source: TheEdge

Sentiment

Chinese startup trials first AI doctor clinic in Saudi Arabia

(May 16): A Chinese startup has opened the world’s first clinic in Saudi Arabia, where artificial in...

Source: TheEdge

Sentiment

Arrest warrant issued for former Erdasan director Mak Siew Wei for missing court

SHAH ALAM (May 16): The Sessions Court issued an arrest warrant for former Erdasan Group Bhd (KL:ERD...

Source: TheEdge

Sentiment

OpenAI grows CoreWeave tie-up with new US$4b cloud deal

(May 16): CoreWeave Inc has secured a deal worth as much as US$4 billion (RM17.07 billion) to provid...

Source: TheEdge

Sentiment

99 Speed Mart positioned for growth from expansion plans — analysts

KUALA LUMPUR (May 16): Analysts remain upbeat on 99 Speed Mart Retail Holdings Bhd (KL:99SMART) foll...

Source: TheEdge

Sentiment

No member able to absorb tariffs, says Malaysian semiconductor association

KUALA LUMPUR (May 16): Malaysia Semiconductor Industry Association (MSIA) members surveyed unanimous...

Source: TheEdge

Sentiment

Dialog Group falls nearly 7%, snaps six-day winning streak after weak results

KUALA LUMPUR (May 16): Dialog Group Bhd’s (KL:DIALOG) stock fell on Friday, snapping a six-day winni...

Source: TheEdge

Sentiment

UAE to build biggest AI campus outside US in Trump deal, bypassing past China worries

DUBAI (May 16) : The United Arab Emirates and the United States have signed an agreement for the Gul...

Source: TheEdge

Sentiment

Trump announces US$14.5 bil Etihad commitment with Boeing, GE

(May 16): President Donald Trump on Thursday announced deals totaling over $200 billion between the ...

Source: TheEdge

Sentiment

99 Speed Mart, Dialog, Keyfield, Swift Haulage, Samchem, PBA, Fibromat, Bintai Kinden, TNB, BTM Resources

KUALA LUMPUR (May 15): Here is a brief recap of some corporate announcements and happenings that mad...

Source: TheEdge

Sentiment

PeterLabs shareholders call for EGM to remove seven directors amid internal probe

KUALA LUMPUR (May 15): PeterLabs Holdings Bhd (KL:PLABS) has received a notice request from two subs...

Source: TheEdge

Sentiment

China's Xiaomi to launch self-developed mobile chip in late May

BEIJNG (May 15): Chinese smartphone and electric vehicle maker Xiaomi said on Thursday it would laun...

Source: TheEdge

Sentiment

Norges Bank ceases to be substantial shareholder of Pentamaster after less than a month

KUALA LUMPUR (May 15): In less than a month after emerging as a substantial shareholder of Pentamast...

Source: TheEdge

Sentiment

BTM Resources cancels 10MW biomass plant after losing bank funding, shelves another plant

KUALA LUMPUR (May 15): BTM Resources Bhd (KL:BTM) has called off its plan to build a 10MW biomass po...

Source: TheEdge

Sentiment

Penang water supply operator PBA's net profit rises 36% y-o-y after tariff adjustment

KUALA LUMPUR (May 15): PBA Holdings Bhd (KL:PBA), Penang’s water supply operator, posted a 36.1% yea...

Source: TheEdge

Sentiment

Fibromat bags RM283.5 mil road job in Kelantan

KUALA LUMPUR (May 15): Geotechnical solutions specialist Fibromat (M) Bhd’s (KL:FIBRO) has bagged a ...

Source: TheEdge

Sentiment

99 Speed Mart kicks off FY2025 with stronger sales in 1Q, pays 2.25 sen dividend

KUALA LUMPUR (May 15): Home-grown mini-market operator 99 Speed Mart Retail Holdings Bhd (KL:99SMART...

Source: TheEdge

Sentiment

Dialog's 3Q profit drops 14% as revenue skids to over three-year low

KUALA LUMPUR (May 15): Integrated oil and gas services provider Dialog Group Bhd’s (KL:DIALOG) net p...

Source: TheEdge

Sentiment

Coinbase expects up to US$400m hit from cyber attack

(May 15): Coinbase forecast a hit between US$180 million (RM771.8 million) and US$400 million from a...

Source: TheEdge

Sentiment

Duopharma posts record-high 1Q profit on strong sales, active ingredient price normalisation

KUALA LUMPUR (May 15): Duopharma Biotech Bhd (KL:DPHARMA) posted a 67.8% year-on-year jump in net pr...

Source: TheEdge

Sentiment

Jack Ma-backed Ant’s profit falls 31% on AI, new business costs

(May 15): Ant Group Co’s quarterly profit fell 31% as the firm invested in artificial intelligence a...

Source: TheEdge

Sentiment

Samchem cautious on outlook after lower 1Q profit on soft margins

KUALA LUMPUR (May 15): Having posted a 34.2% drop in first-quarter net profit, chemical supplier Sam...

Source: TheEdge

Sentiment

TikTok charged with breaching EU online content rules

BRUSSELS (May 15): Social media app TikTok was charged by EU tech regulators on Thursday with breach...

Source: TheEdge

Sentiment

Aneka Jaringan bags RM51 mil substructure job in KL

KUALA LUMPUR (May 15): Aneka Jaringan Holdings Bhd (KL:ANEKA) has secured a RM50.54 million contract...

Source: TheEdge

Sentiment

Keyfield International’s 1Q profit falls 32% amid lower fleet utilisation

KUALA LUMPUR (May 15): Keyfield International Bhd (KL:KEYFIELD)’s net profit fell 31.7% for the firs...

Source: TheEdge

Sentiment

Swift Haulage's 1Q profit falls 65.9% on absence of disposal gain

KUALA LUMPUR (May 15): Swift Haulage Bhd (KL:SWIFT) posted a 65.9%% drop in net profit for the first...

Source: TheEdge

Sentiment

Singapore Airlines posts record annual profit even as competition bites

(May 15): Singapore Airlines reported a record annual net profit on Thursday, largely buoyed by a on...

Source: TheEdge

Sentiment

China accuses US of ‘unilateral bullying’ on Huawei AI chips

(May 15): Beijing has pushed back against a US decision aimed at curbing Chinese-made artificial int...

Source: TheEdge

Sentiment

Siemens sees decline in orders for data centre products

(May 15): Siemens AG’s sales of electrical products for data centres fell, signalling a possible slo...

Source: TheEdge

Sentiment

UOB Malaysia partners with Bursa to offer ESG solutions for SMEs

KUALA LUMPUR (May 15): In a move to support small and medium enterprises (SMEs) in their environment...

Source: TheEdge

Sentiment

AI chipmaker AMD unveils US$6b buy-back plan

BENGALURU (May 14): Advanced Micro Devices (AMD) on Wednesday announced a new US$6 billion (RM25.7 b...

Source: TheEdge

Sentiment

Trump wants Apple to stop moving iPhone production to India

(May 15): US President Donald Trump said he’s asked Apple Inc’s Tim Cook to stop building plants in ...

Source: TheEdge

Sentiment

Malaysia, Japan ink RM1.34b green bioeconomy deals at Expo 2025 Osaka

KUALA LUMPUR (May 15): Malaysia and Japan reached a new milestone in their green bioeconomy partners...

Source: TheEdge

Sentiment

Proton launches RM2,000 trade-in programme for ‘unroadworthy’ vehicles

KUALA LUMPUR (May 15): Proton is offering RM2,000 to buyers who trade in ‘unroadworthy’ vehicles ove...

Source: TheEdge

Sentiment

YNH, Sunway REIT extend Aeon Mall Seri Manjung sale by four months, add new conditions

KUALA LUMPUR (May 15): YNH Property Bhd (KL:YNHPROP) and Sunway Real Estate Investment Trust (Sunway...

Source: TheEdge

Sentiment

PJBumi, China-based Intlef Oil enter into master construction agreement for onshore drilling rigs

KUALA LUMPUR (May 15): PJBumi Bhd’s (KL:PJBUMI) wholly owned subsidiary, PJBumi Heavy Engineering & ...

Source: TheEdge

Sentiment

Cover Story: Bina Puri in the spotlight

This article first appeared in The Edge Malaysia Weekly on May 5, 2025 - May 11, 2025 IN the wee hou...

Source: TheEdge

Sentiment

Cover Story: What happened in the trading of Bina Puri shares and Warrant B on April 24

This article first appeared in The Edge Malaysia Weekly on May 5, 2025 - May 11, 2025 BINA Puri-Warr...

Source: TheEdge

Sentiment

Cover Story: How the March 11 trades made using Datuk Z’s online trading account unfolded

This article first appeared in The Edge Malaysia Weekly on May 5, 2025 - May 11, 2025 ACCORDING to t...

Source: TheEdge

Sentiment

Shein lowers prices to lure back US shoppers after tariff cut

(May 15): Shein Group Ltd lowered US retail prices this week after the Trump administration temporar...

Source: TheEdge

Sentiment

Geely profits surge on record sales as reshuffle underway

(May 15): Geely Automobile Holdings Ltd, the Hong Kong-listed unit of billionaire Li Shufu’s sprawli...

Source: TheEdge

Sentiment

Cover Story: How safe is online trading?

This article first appeared in The Edge Malaysia Weekly on May 5, 2025 - May 11, 2025 WITHIN three m...

Source: TheEdge

Sentiment

Analysis: Japanese carmakers face US$19b hit from Trump’s tariffs

(May 15): Japan’s biggest carmakers are looking at a hit of more than US$19 billion (RM81.5 billion)...

Source: TheEdge

Sentiment

High Court orders Serendib Capital to pay RM200,000 as security for costs or lose case against Sarawak Cable, Mahmud Abu Bekir

KUALA LUMPUR (May 15): The High Court has ruled that UK-based Serendib Capital Ltd must pay RM200,00...

Source: TheEdge

Sentiment

eToro's IPO nets Spark Capital US$530m gain from early bet

(May 15): Venture firm Spark Capital saw a gain of about US$530 million (RM2.27 billion) this week w...

Source: TheEdge

Sentiment

Apple developing feature that lets Vision Pro users scroll with their eyes, Bloomberg reports

(May 15): Apple Inc is developing a feature for its Vision Pro headset that lets users scroll throug...

Source: TheEdge

Sentiment

Malaysian banks have RM4.86b buffer to withstand credit risks from US tariffs — CGS International

KUALA LUMPUR (May 15): Malaysian banks can absorb potential credit risks from US tariffs on borrower...

Source: TheEdge

Sentiment

Alibaba sustains AI frenzy with second video upgrade in weeks

(May 15): Alibaba Group Holding Ltd updated its video-generating model for the second time in one mo...

Source: TheEdge

Sentiment

CPO prices, Malaysian refiners may gain from Indonesia’s palm oil export levy hike — RHB

KUALA LUMPUR (May 15): Crude palm oil (CPO) prices and Malaysian palm oil refiners could see gains f...

Source: TheEdge

Sentiment

MSCI Malaysia Small Cap Index review could result in RM146m selldown, CIMB analysis show

KUALA LUMPUR (May 15): MSCI Malaysia Small Cap Index’s latest rebalancing could result in selldown o...

Source: TheEdge

Sentiment

Sunway REIT climbs to new record high following 1Q results

KUALA LUMPUR (May 15): Sunway Real Estate Investment Trust (KL:SUNREIT) rose on Thursday to a new re...

Source: TheEdge

Sentiment

ACE Market-bound PEOPLElogy posts RM42,000 net profit for 1QFY2025

KUALA LUMPUR (May 14): PEOPLElogy Bhd, which is slated to be listed on the ACE Market on May 20, has...

Source: TheEdge

Sentiment

Sunway REIT, VSTECS, Steel Hawk, AwanBiru, BCM Alliance, MN Holdings, Keyfield and MCE Holdings

KUALA LUMPUR (May 14): Here is a brief recap of some corporate announcements that made the news on W...

Source: TheEdge

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