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Tue, 19 Jan 2021
12:54 AM PERMAI package provides relief for transport industry players
12:50 AM MoH committed to ensuring safety of registered vaccines
12:42 AM FMM urges govt to expand Covid-19 act to include trading, logistics sectors
12:06 AM Singtel Group member firm launches Shenzhen innovation centre for Greater China...
12:00 AM LOGOS to become shareholder of Aspen subsidiary for RM296.7 mil
Mon, 18 Jan 2021
11:59 PM Menang, Kelington, EcoFirst, Serba Dinamik, UEM Sunrise, GHL, Genetec, Ecobuilt...
11:51 PM PERMAI initiative assistance to ensure survival of tourism industry players —...
11:34 PM Top Glove slams Canadian TV reports about working conditions at its factories...
10:56 PM HSBC chairman gives hints of looming strategy revamp
10:54 PM Milux proposes 3 for 1 bonus issue
10:46 PM London Stock Exchange seeks accelerated IPOs in listing review — source
10:44 PM SKP Resources says 3% of revenue to be impacted by temporary closure of Johor...
10:19 PM More traders likely face charges in Danish tax investigations
9:42 PM Lazada launches own RM44m stimulus package for SMEs
9:20 PM Cuepacs urges private hospitals to immediately accept, treat Covid-19 patients
9:14 PM Meat cartel scandal: MACC calls 27 witnesses
9:12 PM Manufacturers welcome Permai aid package, but want more expansion and extension
9:07 PM Customer demand key in driving corporate sustainability
8:50 PM Menang Corp shareholders initiate court action against company, chairman
8:49 PM EVENING 5: Five things you need to know today
8:42 PM Kelington bags contracts worth RM118m in 4Q20, lifting full-year orders to new...
8:34 PM EcoFirst to buy Sungai Buloh land for RM550m mix development
8:29 PM SOP for capital market participants during MCO

KUALA LUMPUR: Capital market participants (CMPs) can continue to undertake and provide capital market activities and services during the second round of the Movement Control Order (MCO) which came into effect on Jan 13.
8:28 PM Serba Dinamik bags RM548m worth of jobs in Indonesia, India
8:23 PM SC: Capital market participants can continue activities under MCO, but follow...
8:09 PM Serba Dinamik clinches RM548m contracts

KUALA LUMPUR: Integrated engineering services provider, Serba Dinamik Holdings Bhd kicked off 2021 by securing 11 contracts worth a total RM548.2 million.
SERBADK -1.8%,
8:05 PM Milux proposes three-for-one bonus issue

KUALA LUMPUR: Home and kitchen appliances manufacturer Milux Corporation Bhd has proposed a three-for-one bonus issue of up to 176.29 million new bonus shares to reward its shareholders.
MILUX -0.9%,
7:58 PM UEM Sunrise appoints Sufian Abdullah as new CEO
UEMS +1.2%,
7:51 PM Economists deem Permai aid package "prudent", reaffirms fiscal support
7:43 PM China's Evergrande to redeem US$2b of convertible bonds early
7:32 PM Vaccine nationalism puts world on brink of 'catastrophic moral failure' — WHO...
7:18 PM SKP Resources: 3% of sales revenue impacted in FY March 31

KUALA LUMPUR: SKP Resources Bhd estimates its sales revenue to be impacted for the FY ending March 31,2021 due to the temporary shutdown of its Johor Bahru operations caused by Covid-19.
SKPRES +3.2%,
7:13 PM GHL System offers road tax and insurance renewal service
GHLSYS -1.8%,
7:13 PM Emirates airline offers Covid-19 vaccines to staff
6:45 PM Genetec unaware of rumour on biz after stock price hits limit up, volume spikes...
GENETEC +29.6%,
6:42 PM Govt unveils RM15b PERMAI stimulus package for MCO 2.0
6:41 PM Kelington’s orderbook hits RM490m with new RM118m contracts

KUALA LUMPUR: Integrated engineering solutions provider, Kelington Group Bhd’s orderbook has rise to a record RM490mil with new contracts valued at RM118mil which were secured in the fourth quarter of 2020.
KGB +2.5%,
6:32 PM Singapore urges national airline to be first to vaccinate all staff
6:22 PM Usually calm LPG market roiled by frigid winter, Saudi cuts
6:17 PM Sufian Abdullah is new CEO of UEM Sunrise

KUALA LUMPUR: UEM Sunrise Bhd on Monday announced the appointment of Sufian Abdullah as its new chief executive officer (CEO) with effect from Feb 2.
UEMS +1.2%,
6:14 PM Stellantis shares rise on debut in Milan and Paris
6:08 PM Ecobuilt secures RM166.37m construction contract in Sabah
6:00 PM DNeX has until end-January to win SilTerra
DNEX +7.3%,
5:47 PM Tough decision ahead for Bank Negara on OPR

PETALING JAYA: Malaysia’s overnight policy rate (OPR) has been at its all-time low at 1.75% since July last year as Bank Negara’s Monetary Policy Committee (MPC) sought to accelerate economic recovery post movement control order (MCO).
5:40 PM Selangor intends to buy five million doses of Covid-19 vaccine, says MB
5:33 PM KLCI finishes 1.08% lower as banks dip on expectation of BNM rate cut
5:29 PM Hoteliers say tourism sector "neglected again" in Permai aid package
5:25 PM KLCI remains in the red as banking heavyweights drag

KUALA LUMPUR: The FBM KLCI closed off lows after the prime minister announced another assistance package worth RM15bil to ease the pressure following the pandemic.
5:21 PM PM: Impact of current MCO to be manageable

KUALA LUMPUR: Tan Sri Muhyiddin Yassin expects the impact of the current Movement Control Order (MCO) on the economy to be manageable as growth will continue to be supported by strong exports sector and the global trade recovery.
5:17 PM Court will decide whether Jepak goes into judicial management on Jan 21
5:16 PM The Week Ahead: Bank Negara’s monetary policy, China’s 4Q GDP, US politics in...
5:01 PM Knight Frank Malaysia: Real estate market to remain challenging in first half...
5:00 PM Malaysia seen attracting more applicants for digital bank licences than rival...
4:50 PM Nissan to promote Japan-based contract workers to full-time
4:49 PM Malaysia's central bank seen cutting key rate as coronavirus forces fresh...
4:46 PM Swiss ski resort St Moritz quarantines hotels, shuts schools to contain COVID...
4:31 PM South Korea’s Moon vows ‘extraordinary’ steps to supply homes
4:28 PM Ambani, Adani caught in crossfire over farming laws in India
4:20 PM Facial recognition tech to be rolled out at KLIA

PETALING JAYA: Passengers travelling through Kuala Lumpur International Airport (KLIA) will soon be able to use facial recognition technology in place of a boarding pass.KUALA LUMPUR: Malaysia Airports Holdings will soon be implementing facial recognition technology at Kuala Lumpur Internatonal Airport (KLIA) for passenger identification authentication.
4:00 PM Newsbreak: Policy revisions a boon for steel industry
3:53 PM Chipmakers, tech stocks rally as KLCI slumps

KUALA LUMPUR: Chip makers and tech related stocks continued to outshine the broader market with MPI scaling to fresh historic highs.
3:50 PM Najib, Zahid court trials postponed due to MCO 2.0
3:37 PM Lii Hen estimates capacity loss to increase to 4.6% due to Covid-19
LIIHEN -1.5%,
3:30 PM MAS enhances guidelines amid emerging tech and shifts in cyberthreat landscape
3:17 PM French energy group Total buys 20% stake in India's Adani Green Energy
3:06 PM China’s Sinovac steps up defence of vaccine after confusing data
3:02 PM 22 Covid-19 cases detected at AME Elite’s migrant worker dormitories
AME -1.4%,
3:00 PM The State of the Nation: EPF 9M results show 4% dividend in the bag for 2020
3:00 PM US may approve two more Covid-19 vaccines for emergency use soon, says Fauci
2:59 PM Southeast Asia's Grab considering U.S. IPO this year -sources

SINGAPORE: Southeast Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year, encouraged by robust investor appetite for IPOs, three sources familiar with the matter told Reuters.
2:52 PM MAHB to roll out facial recognition for passenger authentication, replacing...
AIRPORT -0.7%,
2:52 PM Technology, manufacturing counters in focus as investors anticipate higher...
MPI +5.2%, JFTECH +15.1%, KOBAY +17.2%, UWC +7.8%, GENETEC +29.6%, PMBTECH +13.4%, HIGHTEC +29.6%, SCIB +19.4%, UNISEM +6.0%,
2:43 PM UOB KayHian ups target price for PPB on consumer recovery play, 'good proxy' to...
PPB -0.4%,
2:32 PM Malaysia's seen cutting key rate as coronavirus forces fresh lockdowns

KUALA LUMPUR: Malaysia's central bank is expected to cut key interest rates to historic lows on Wednesday, according to a Reuters poll, after surging coronavirus infections led the government to impose fresh lockdowns, further curbing economic activity.
2:28 PM Kenanga cuts target price, FY20-21 earnings forecasts for GenM amid further...
GENM -3.2%,
2:24 PM Samsung's Lee receives 30-month prison term in bribery trial
2:00 PM Recovery theme is selective, not broad-based
1:54 PM Lii Henn’s 875 workers under quarantine until Jan 29

KUALA LUMPUR: Lii Henn Industries Bhd’s 875 workers employed by its subsidiaries have been placed under quarantine and isolated since last Saturday, Jan 16 for suspected Covid-19.
LIIHEN -1.5%,
1:50 PM BSL, Cheetah, Edaran, Genetec, Kenanga, Kobay, KPower, OCB, Oversea Enterprise...
BSLCORP +1.4%, CHEETAH +5.1%, EDARAN +18.0%, GENETEC +29.6%, KENANGA +4.6%, KOBAY +17.2%, KPOWER +12.9%, OCB +7.2%, OVERSEA -1.4%, PMBTECH +13.4%, RESINTC +10.7%, SCIB +19.4%, TMCLIFE +8.1%, TOYOVEN +29.4%, GESHEN +13.7%, SUCCESS +11.6%,
1:49 PM Top Glove valuation at unprecedented low — RHB IB
TOPGLOV -1.2%,
1:39 PM Malaysia Airlines to reinstate flights to Australia, New Zealand, London this...
1:38 PM Vietnam gives Foxconn unit licence for $270 million plant to produce laptops,...
1:29 PM Southeast Asia's Grab considering U.S. IPO this year -sources
1:27 PM India's Reliance to embed e-commerce app into WhatsApp within six months - Mint
1:25 PM Two production floor workers at SCGM plastic subsidiary test positive for Covid...
SCGM -2.3%,
1:21 PM SCGM unit operating at 50% capacity after 2 workers had Covid-19

KUALA LUMPUR: SCGM Bhd’s subsidiary Lee Soon Seng Plastic Industries Sdn Bhd (LSSPI) is working at a reduced capacity of 50% after two production workers were tested positive for Covid-19.
SCGM -2.3%,
1:19 PM China's Kuaishou to open books for $5 billion Hong Kong IPO next week - sources
1:17 PM IRB: Bantuan Prihatin Rakyat helpline temporarily closed
1:10 PM KLCI loses 1.06% as Public Bank, Genting drag
1:08 PM Bursa Securities queries Genetec over share price surge

KUALA LUMPUR: Genetec Technology Bhd, whose share price hit limit-up on Monday, has prompted Bursa Malaysia Securities to query the company over the unusual market activity.
GENETEC +29.6%,
1:03 PM Chinese e-cigarette maker seeks up to US$1.2b in US IPO
12:57 PM OCBC Bank expects BNM to cut OPR to 1.5%

KUALA LUMPUR: OCBC Bank is expecting Bank Negara Malaysia (BNM) to turn more downbeat on the Overnight Policy Rate (OPR), noting a heightened chance of a rate cut of down to 1.5 per cent from the current 1.75 per cent in the upcoming meeting this Wednesday due to recent events.
12:57 PM Bursa issues UMA query to Genetec as it surges 29.6% to five-year high, nearing...
GENETEC +29.6%,
12:52 PM KLCI extends slide over morning session

KUALA LUMPUR: Bursa Malaysia lost more ground headed into midday as financial heavyweights dragged the overall market lower.
12:50 PM AirAsia founder Tony Fernandes claims govts’ Covid-19 coordination 'horrific'
AIRASIA -2.6%,
12:49 PM Bitcoin retreats from US$40,000 level strategists view as key
12:37 PM Asia shares pare losses as China economy rebounds

SYDNEY: Asian shares pared early losses on Monday as data confirmed China's economy had bounced back last quarter as factory output jumped, helping partially offset recent disappointing news on U.S. consumer spending.
12:32 PM China's economy picks up speed in Q4

BEIJING: China's economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further this year even as the global pandemic raged unabated.
12:31 PM Boustead rises as much as 14.3% on report LTAT will privatise it via SCR,...
BSTEAD +10.5%,
12:27 PM MCO 2.0 less severe on economy, says AmBank Research

KUALA LUMPUR: The second round of the movement control order or MCO 2.0 is expected to be less hard hitting on the economy as compared to last year.
12:24 PM SKP's order outlook intact despite two-week closure of JB plant for Covid-19...
SKPRES +3.2%,
12:10 PM Kenanga Research lauds govt's move to allow automotive plant activities
12:04 PM Banking stocks remain in doldrums ahead of BNM's MPC meeting on Wednesday
12:04 PM Hong Kong's ex-lawmaker rejects HSBC account freeze explanation
12:03 PM Trump farewell planned for Wednesday morning ahead of Biden oath
11:55 AM Oil-rich Abu Dhabi targets hydrogen as future export fuel
11:50 AM China industrial output rises 7.3% year-on-year in December; retail sales miss...
11:45 AM UK house prices drop in rush to beat deadline for tax break
11:34 AM MCO 2.0 and political uncertainties weigh down on construction sector recovery...
YTL 0%, IJM +2.4%, MRCB -2.4%,
11:25 AM HLIB Research starts coverage of GDB, with target price at RM1.37
GDB +5.6%,
11:16 AM Parkson to challenge S$3.8m claim by Vietnamese landlord, suspends loss-making...
PARKSON +6.1%,
11:10 AM Nikkei slips on profit taking, chip shares fall
11:02 AM Banks continue to extend repayment assistance

KUALA LUMPUR: Malaysian banks will continue to extend repayment assistance, including an extension of existing moratorium to individuals affected by the current movement control order (MCO).
10:59 AM Gold at 1½-month low as resilient US dollar dents bullion appeal
10:56 AM Oil drops 1% as rising coronavirus cases end supply-led rally
10:48 AM China's 4Q GDP growth beats forecast, ends 2020 in solid position after Covid-...
10:38 AM Ringgit slightly lower as greenback rises on safe haven demand

KUALA LUMPUR: The ringgit opened slightly lower vis-a-vis the US dollar on Monday due to the strengthening of the greenback as a safe-haven demand for the currency among investors kicked in.
10:27 AM KLCI remains 0.7% lower in line with lacklustre regional markets
10:17 AM Foreign investors are net buyers of Malaysian stocks despite state of emergency...
10:11 AM Kenanga lowers earnings forecast on Genting Malaysia amid further lockdowns

KUALA LUMPUR: Kenanga Research has lowered its earnings estimates on Genting Malaysia Bhd as it forecasts a depeer impact on operations due to further lockdowns domestically and in the UK.
GENM -3.2%,
10:06 AM Banks continue to offer repayment assistance, including extending existing...
10:06 AM Ringgit slightly lower vis-a-vis greenback
9:57 AM Dollar pokes higher as US soft data sours mood; China's GDP in focus
9:50 AM Foreign investors turn net buyers again on Bursa Malaysia

KUALA LUMPUR: Foreign investors changed course by turning to be net buyers to the tune of RM326.06mil last week against net selling of RM337.02mil in the previous week.
9:49 AM Ringgit slightly lower vis-a-vis greenback
9:45 AM [第一天] 2021年的股市开门“红” moneyKing
9:35 AM Quick take: Samaiden rises on power plant contract

KUALA LUMPUR: Samaiden Group Bhd’s shares rose marginally in early trade Monday after securing a RM25.8mil biomass power plant project.
9:25 AM Bank stocks fall on speculation over further OPR cut

KUALA LUMPUR: Bursa Malaysia opened the week lower, led by a fall in bank stocks as speculation over a further interest rate cut by Bank Negara weighed on sentiment in the sector.
9:22 AM Quick take: Kanger gains 3% on diversification into construction

KUALA LUMPUR: Shares in Kanger International Bhd rose 3% in early trade Monday following its diversification into the construction business.
KANGER -3.3%,
9:17 AM Trading ideas: Top Glove, Kanger, Daya, Samaiden, MESB, Seacera

KUALA LUMPUR: Stocks to watch on Monday include Top Glove Corp Bhd, Kanger International Bhd, Daya Materials Bhd, Samaiden Group Bhd, MESB Bhd and Seacera Group Bhd, according to JF Apex Research.
TOPGLOV -1.2%, KANGER -3.3%, DAYA -33.3%, SAMAIDEN +9.8%, MESB -1.2%, SEACERA 0%,
9:10 AM KLCI gets off to listless start, falls 0.68% in line with regional decline
8:49 AM AmInvestment initiates 'buy' on Perak Transit on business model potential

KUALA LUMPUR: AmInvestment Bank Research has initiated coverage on Perak Transit Bhd with a "buy" recommendation and target price of RM1.25 on optimim over the group's unique and commercially viable business model.
PTRANS +1.8%,
8:45 AM AmInvestment starts coverage on Perak Transit, fair value RM1.25
PTRANS +1.8%,
8:29 AM Asia shares step back, await China economic update

SYDNEY: Asian share markets retreated from highs on Monday as disappointing news on U.S. consumer spending tempered risk sentiment ahead of a closely-watched reading on the health of the Chinese economy.
8:20 AM Tomypak showing signs of developing minor consolidation phase, says RHB Retail...
TOMYPAK +1.3%,
8:20 AM Media Prima attempting to break away from minor congestion area, says RHB...
MEDIA -1.8%,
8:07 AM UK vacancies for remote workers triple in a year

LONDON: Demand for remote workers in Britain tripled over the course of 2020 as businesses grew more willing to let staff work from home during the coronavirus pandemic, figures from a recruitment consultancy showed on Monday.
7:41 AM Japan PM's approval sinks further on pandemic response

TOKYO: Prime Minister Yoshihide Suga's (pic) approval rating has slid further due to the public's dissatisfaction with his handling of the COVID-19 pandemic with about half of people in Japan now disapproving of his government, a Yomiuri newspaper poll showed on Monday.
7:36 AM Japanese manufacturers least pessimistic since July 2019 in Jan

TOKYO: Sentiment among Japanese manufacturers improved to its least gloomy since July 2019 in January, while that of service-sector firms worsened, as businesses remained hampered by COVID-19 disruptions, the Reuters Tankan survey showed on Monday.
7:17 AM The week ahead - Bank Negara, China data, BI, JoB,

THE week opens with Bank Negara’s decision on the overnight policy rate (OPR). The monetary policy committee (MPC) of Bank Negara is expected to meet on Wednesday.
7:17 AM Bad weather and flattish demand to affect offshore player

PETALING JAYA: Kenanga Research has downgraded Dayang Enterprise Holdings Bhd to “market perform” following the recent increase in its share price and weaker outlook moving forward.
DAYANG -2.6%,
7:17 AM Solutions needed for tourism industry

Fast action urged by bodies to minimise repercussions
7:17 AM IPI seen to rebound in second quarter

Electrical and electronics to be the growth driver
7:17 AM Cautious trading expected ahead of OPR news

PETALING JAYA: Trading on Bursa Malaysia is expected to be cautious ahead of Bank Negara’s overnight policy rate (OPR) announcement on Wednesday.
7:17 AM Bitcoin swings undermine CFO case for converting cash to crypto

NEW YORK: Wall Street finance executives who were thinking of plunging some of their company’s cash reserves into bitcoin got a heat check last week.
7:17 AM insight - Production bottlenecks can dampen recovery

PRODUCTION bottlenecks as in shortage of containers and labour as well as restriction of movement in the current fight against Covid-19, can affect economic recovery.
GAMUDA +0.3%, MAHSING -0.6%, SCIENTX -2.1%, KAREX -1.2%, GCB +0.4%, UWC +7.8%,
7:17 AM Insight - Too many companies are banking on carbon capture to reach net zero

AS governments and companies jostle to show how committed they are to fighting global warming, plans to take carbon dioxide out of the air are becoming a giant loophole – just as experts have warned for years.
7:17 AM Oil palm planting halt in Sarawak for timber firms

Failure to comply may result in severe consequences
JTIASA -3.0%, TAANN -4.1%,
7:17 AM CPO futures to trend lower on profit taking

PETALING JAYA: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to retreat from last week’s gains, driven by profit taking due to higher prices, a dealer said.
7:17 AM Ringgit may test psychological level of 4.00 against US dollar

PETALING JAYA: The ringgit may test the psychological level of 4.00 against the US dollar next week amid anticipation that Bank Negara would maintain the overnight policy rate at 1.75% at its meeting on Wednesday.
7:17 AM Abu Dhabi targets hydrogen for future export

DUBAI: Three of Abu Dhabi’s biggest government-backed companies agreed to work together to turn the oil-rich emirate into an exporter of blue and green hydrogen.
7:17 AM Resolution on WCT’s Middle-Eastern project

PETALING JAYA: WCT Holdings Bhd’s long-drawn dispute over a Dubai racecourse project that dates back to more than a decade finally sees a resolution.
WCT -3.0%,
7:03 AM Business continues for electronics firms

But prolonged closure of borders a major concern
6:40 AM Billionaire Richard Branson's Virgin Orbit reaches space with key mid-air rocket launch

WASHINGTON: Billionaire Richard Branson’s (pic) Virgin Orbit reached space for the first time on Sunday with a successful test of its air-launched rocket, achieving a key milestone after aborting the rocket’s first test launch last year.
6:31 AM Yellen to say US does not seek weaker dollar

NEW YORK: Janet Yellen, President-elect Joe Biden's pick to take over the U.S. Treasury, is expected to affirm the United States' commitment to market-determined foreign exchange rates when she testifies on Capitol Hill on Tuesday, the Wall Street Journal reported on Sunday.
12:00 AM Powering The Digital Economy With Advanced Enterprise Network
12:00 AM Jaya Grocer raises the bar in hygiene and safety
12:00 AM Bursa Malaysia: Sustainability agenda a key lesson from the pandemic
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