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Sat, 24 Jul 2021
9:32 PM Ismail Sabri: 49 more premises including factories ordered to close
8:43 PM [Educational] Demand on Harddisk globally and DUFU benefits from the hard disk demands.2 likes
DUFU +2.5%,
Shiba Capital
8:12 PM China confirms ban on for-profit tutoring in core school subjects
7:43 PM There is still fiscal space to continue to help the people — PM
6:30 PM INTA（0192）低调进军物业发展？
INTA 0%,
12Invest
3:50 PM Musk says India plant likely if Tesla succeeds in importing cars
2:54 PM AstraZeneca scours supply chain for more vaccine doses for Thailand, Southeast...
1:46 PM District officer and surveyor nabbed by MACC over contracts in Selangor
1:35 PM GM, Cruise demand Ford drop 'BlueCruise' name for hands-free driving
12:19 PM China orders Tencent to give up exclusive music rights
11:50 AM Investors from Tiger to Temasek bracing as S$136b online tutoring market comes...
11:19 AM CPO futures may see technical correction after rally

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to experience a technical correction after a strong rally recently.
11:17 AM Ringgit to trade in tight range vs US$

KUALA LUMPUR: The ringgit is expected to trade in a tight range between 4.20 and 4.22 next week weighed by the continuous rising of COVID-19 cases in the country and cautious sentiment ahead of the US Federal Reserve policy meeting.
10:29 AM KLCI likely to move between 1,515 and 1,535 next week
10:15 AM Ringgit expected to trade in tight range of 4.20-4.22 against US dollar next...
9:05 AM Singapore stocks bounce past lockdown to outperform Asian peers
9:00 AM South Korea's Parliament approves 34.9 trillion won extra budget
8:41 AM PropertyGuru to go public in merger with SPAC backed by Richard Li, Peter Thiel
8:27 AM Wall Street surges to all-time closing high on earnings, economic revival
8:22 AM Oil edges up in weekly rebound on forecasts for tight supplies
7:17 AM Hong Seng to acquire 51% in RZAC

PETALING JAYA: Hong Seng Consolidated Bhd’s wholly-owned subsidiary, HS Bio Sdn Bhd, has signed a heads of agreement following a proposed acquisition of 51% shareholdings in RZAC Immunesafe Sdn Bhd for RM40.3mil.
HONGSENG +4.6%,
7:17 AM Managing the risk of rating downgrade

IN contrast to our earlier expectation that Malaysia’s economic growth would recover in 2021, and projected to expand by 5.5%–6.0% (Bank Negara: 6.0%–7.5%), we now believe that such view does not hold water anymore.
7:17 AM Hotel industry’s defining moment

As one of the hardest hit sectors, it is left to be seen how many will survive the pandemic
7:17 AM The toll on employment

IT is not easy finding the exact number of people employed in the hotel industry but industry experts put the figure at around 200,000 prior to the pandemic.
7:17 AM Short Positions - Insurance, Covid-19, ESG

THE move by the AmBank group 9pic) to sell its stake in its insurance arm to American firm Liberty Insurance is not surprising.
AMBANK -0.7%, TENAGA -0.1%, MAYBANK -0.1%,
7:17 AM DPI Holdings sees virus-led opportunities

Aerosol spray paint maker looks into overseas buys
DPIH 0%,
7:17 AM Kelington rides on semiconductor upcycle

AMIDST the coronavirus-induced market sell-off in 2020, local semiconductor stocks shone on the back of robust demand for chips as lockdowns and travel restrictions prompted consumers to buy more smartphones and electronic devices.
KGB +5.2%,
7:17 AM CPI up 3.4% in June

PETALING JAYA: The country’s inflation rate, as measured by the Consumer Price Index (CPI), rose 3.4% in June, due to higher fuel prices when compared with a year ago, but the increase was lower than a survey of 3.5%.
7:17 AM NTPM Q4 earnings at RM5.6mil

KUALA LUMPUR: NTPM Holdings Bhd’s net profit for its fourth quarter ended April 30, 2021 rose to RM5.60mil from RM4.08mil in the previous corresponding period, while revenue was lower at RM188.53mil from RM201.62mil a year earlier.
NTPM +1.8%,
7:17 AM Nazir: New Economic Policy in need of reform

KUALA LUMPUR: The outdated New Economic Policy (NEP) is in need of reform to address current political, economic and social situations, says Datuk Seri Nazir Razak.
7:17 AM Enra Energy accepts offer from Hextar, Ekopintar

KUALA LUMPUR: Enra Energy Sdn Bhd has accepted a joint offer from Hextar Global Bhd and Ekopintar Sdn Bhd for the entire issued share capital of Enra Kimia Sdn Bhd for RM50mil cash.
HEXTAR 0%,
7:17 AM Dynafront makes debut at 23 sen

KUALA LUMPUR: Dynafront Holdings Bhd, an insurance technology specialist, made its debut on the LEAP Market of Bursa Securities Malaysia yesterday at 23 sen a share, which was a premium of two sen or 9.6% over its offer price of 21 sen.
DYNAFNT +23.8%,
7:17 AM BAT posts higher Q2 net profit

KUALA LUMPUR: Cigarette maker British American Tobacco (M) Bhd’s net profit for the second quarter ended June 30, 2021, was higher at RM71.62mil, from RM54.61mil a year ago driven by domestic volume growth.
BAT -1.6%,
7:17 AM Techna-X banks on digital trend to take it forward

TECHNA-X Bhd is looking forward to completing the sale of its legacy industrial coke business, which has been a drag on its earnings, and sees “no issue” in completing the exercise.
7:17 AM Economy faces challenges in recovery momentum

PETALING JAYA: The economy is anticipated to face challenges in preserving the recovery momentum as the Leading Index (LI), which acts as an indicator of the future movement of the overall economy, eased to 6.9% in May 2021 year-on-year (y-o-y) after rising 15.7% in April, said the Department of Statistics Malaysia (DOSM).
7:17 AM Malaysia needs a big reset button

AS the nation is fighting a tough battle against the raging Covid-19 pandemic, three particular news items have caught the attention of investors as it has brought to life the issues that have been bugging the country for a long time.
7:17 AM The innocent beginnings of debt

TODAY, I’d like to discuss the topic of debt. There are generally two types of debt – good debt and bad debt.
7:17 AM CTOS, the pride and legacy of Creador

CTOS Digital Bhd closed its initial public offering (IPO) debut at RM1.62, which is 47% above its IPO price of RM 1.10. Considering the weak market sentiment amidst raging Covid-19 cases in the region and political uncertainty, I would say the IPO was a huge success.
CTOS -0.6%,
7:17 AM Millennials and Gen Z are mostly anxious

About 50% of Millennials and Gen Z surveyed globally are anxious and stressed most of the time during the Covid-19 pandemic.
7:17 AM Follow the data

A robo-adviser’s strategy to ‘optimise’ portfolios
7:17 AM Moderate pick-up down south

Property market in Johor expected to recover in fourth quarter
6:52 AM New warning system to sound alarm on rainforest 'tipping points'

KUALA LUMPUR: A new early warning system using satellite data to sound the alarm on growing threats to the world's tropical forests, including worsening drought and logging, aims to stop them reaching a point of no return, scientists said on Friday.
6:38 AM PropertyGuru to go public in merger with SPAC, Malaysian firm to invest

One of Malaysia's largest asset managers, REA Group has also committed to an additional US$32 million investment, PropertyGuru said.
6:32 AM FOREX-US$ posts second week of gains ahead of Fed meeting

NEW YORK: The U.S. dollar on Friday notched a second week of gains, after a few volatile days when currencies moved with shifting risk appetite, as the market shifted focus to next week's Federal Reserve meeting
6:27 AM Oil price edges up in weekly rebound on forecasts for tight supplies

NEW YORK: Oil prices edged higher on Friday and for the week after a strong recovery from Monday's steep slide, underpinned by expectations that supply will remain tight through the year.
6:23 AM GLOBAL MARKETS-US stock markets hit new highs

NEW YORK: All three major U.S. stock indexes closed at record highs on Friday after a rocky week in which investors fretted over the Delta coronavirus variant and cheered an economic recovery, while U.S. Treasury yields rose before a Federal Reserve meeting next week.
1:49 AM Australia's Lorna Jane activewear fined A$5 million for claiming their clothes...
1:38 AM Moderna Covid-19 vaccine gets EU regulator endorsement for teens
1:25 AM Singapore investor GIC upbeat on China tech despite regulatory crackdown
1:17 AM S&P 500, Nasdaq hit record highs on megacaps, earnings strength
Fri, 23 Jul 2021
11:13 PM 网友提问：被遗落的 EPMB（7773），近期是不是又要卷土重来了呢？
EPMB +2.3%,
12Invest
10:40 PM DynaFront, IOI Corp, Hextar Global, Pertama Digital, Seni Jaya and Hong Seng
DYNAFNT +23.8%, IOICORP +0.8%, HEXTAR 0%, PERTAMA +0.8%, SJC +0.4%, HONGSENG +4.6%,
9:50 PM Kimberly-Clark slides as inflation hurts toilet paper maker
9:40 PM Hong Seng buys 51% stake in Covid-19 antibody testing distributor
HONGSENG +4.6%,
9:32 PM EVENING 5: Five things you need to know today
9:03 PM Summary of the edge weekly (5/7/2021 – 11/7/2021) azizis1128
8:47 PM CPO futures rally to breach RM4,200, highest level in two months

KUALA LUMPUR (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rallied above RM4,200 a tonne for October benchmark contract, the highest level in two months.
8:30 PM Pfizer says US govt buying 200 million more Covid-19 vaccine doses
8:14 PM China considers turning tutoring companies into non-profits
8:07 PM Car chip shortage to abate, smartphones could be next: industry execs
8:00 PM Singapore's consumer price index grows across all household income groups in...
7:57 PM Deferred tax income helps stop NTPM falling into losses in 4QFY21
NTPM +1.8%,
7:42 PM Additional S$1.1b in support for Singapore businesses hurt by resumption of...
7:39 PM AmEx beats profit estimates on boost from reserve release, consumer spending
7:17 PM KPMG's banking audits not up to scratch, says UK watchdog

LONDON (Reuters) - KPMG's bank audits needed improvements for an "unacceptable" third year running and the accounting firm will be closely monitored, Britain's auditing watchdog said on Friday in an unusually blunt assessment of leading accountants.
7:11 PM UK growth slows sharply in July as Covid-19 'pingdemic' hits
7:09 PM MIDF Research maintains 2021 inflation forecast at 2.3%
7:02 PM BAT Malaysia Q2 net profit climbs on higher sales volume

KUALA LUMPUR: Cigarette maker British American Tobacco (M) Bhd said profit from operations in the second quarter expanded by 23% driven by improvement in domestic sales volume.
BAT -1.6%,
7:01 PM China's central bank requires non-bank payment firms to report overseas IPOs
6:49 PM How to receive alert notification from StockBiz The MalaysiaStock.Biz Team
6:48 PM Banks rethinking Evergrande mortgage halt after queries from HKMA — sources
6:29 PM BAT Malaysia’s 2Q net profit rises 31% to RM71.62m, pays 24 sen dividend
BAT -1.6%,
6:26 PM Two Selangor district officers among three detained for corruption
6:12 PM Federal Court to hear Mkini Dotcom's review against contempt decision on Oct 12
5:50 PM World stocks perk up as volatile week ends on a high
5:42 PM KLCI closes lower in lacklustre trading amid virus woes
5:33 PM Tesla lobbies India for sharply lower import taxes on electric vehicles -...
5:32 PM Ceiling price will be set for Sinovac vaccine, says Khairy
5:25 PM Volvo Cars' earnings top pre-pandemic levels in boost ahead of possible IPO
5:09 PM New Feature - Price Alert2 likes The MalaysiaStock.Biz Team
4:56 PM Seni Jaya proposes one-for-two bonus issue of warrants
SJC +0.4%,
4:39 PM Pertama Digital ups stake in govtech software Dapat Vista to 24%
PERTAMA +0.8%,
4:22 PM Challenges in maintaining economic recovery

KUALA LUMPUR: Malaysian economy is anticipated to face challenges in preserving the recovery momentum as the Leading Index (LI) which acts as an indicator of the future movement of the overall economy eased to 6.9 per cent in May 2021 year-on-year (y-o-y) after rising 15.7 per cent in April, said the Department of Statistics Malaysia (DOSM).
4:22 PM MITI reverses decision on twice-weekly Covid-19 tests for factory workers
4:21 PM Jepak Holdings given five-month extension to restructure company
4:16 PM China stocks fall as foreigners turn net sellers under Connect

SHANGHAI: China shares ended lower on Friday, trimming gains for the week, as consumer staples, healthcare, and real estate firms dropped while foreign investors turned net sellers under a key cross-border investment channel.
4:15 PM Poundland owner Pepco to create 13,000 jobs over three years
4:07 PM Hextar Global partners with Ekopintar to buy ENRA Group's chemicals unit for...
HEXTAR 0%,
3:51 PM KPMG’s banking audits aren't good enough, UK watchdog says
3:46 PM India court quashes Amazon, Walmart's Flipkart bid to stall antitrust probe
3:44 PM Vaccine business helps Lonza lifts 2021 sales outlook
3:43 PM Pfizer shot halts severe illness, allows infections in Israel
3:31 PM Govt agrees to offer two-year contract as part of solutions to contract doctors...
3:23 PM London becomes jobs hot spot as finance and consulting hire
3:16 PM Citi best bank for corporate responsibility in Asia

KUALA LUMPUR: Citi was named best bank for corporate responsibility in Asia by Euromoney in their recent annual awards.
3:14 PM Coca-Cola capitalism meets Asia’s plastic disaster in Hong Kong
3:00 PM BNM's international reserves unchanged at US$111.1b as at July 15
2:53 PM Enra Group to divest subsidiary Enra Kimia for RM50m
ENRA +4.1%,
2:44 PM Thai June exports at 11 year high as global demand rebounds

BANGKOK: Thailand's export growth in June hit its highest level in 11 years as global demand increased - a trend which is expected to continue, the country's commerce minister said on Friday.
2:43 PM Australia prepared to pay price in dispute with China, trade minister says
2:33 PM Ant-backed Zomato's roaring India debut sets pace for internet-based startups

BENGALURU: Food delivery firm Zomato Ltd shares on Friday nearly doubled in a stellar first listing of a local unicorn in India, setting the pace for a slew of such debuts by internet-based startups that are thriving during the COVID-19 pandemic.
2:28 PM Where can you fly right now? Delta surge pops Asia’s travel bubbles
2:23 PM Central Global appeals for reopening of Kedah factory

KUALA LUMPUR: Central Global Bhd, which manufactures industrial masking tapes and label stocks, is appealing to the government to allow its main factory in Kuala Muda, Kedah to resume operations.
CGB 0%,
2:21 PM Hextar Global in joint offer to acquire speciality chemicals firm

KUALA LUMPUR: Enra Energy Sdn Bhd has accepted a joint offer from Hextar Global Bhd and Ekopintar Sdn Bhd for the entire issued share capital of Enra Kimia Sdn Bhd for RM50mil cash.
HEXTAR 0%,
2:17 PM Fadillah: 1,142 construction sites in operation since June 1, 209 violated SOPs
2:10 PM Secretive developer doubles down on money-losing Evergrande bet
2:10 PM India court rejects plea for relief on US$14b telecom dues
2:06 PM Hup Seng, Globaltec, Hwa Tai, GUH, Seal Inc, Paos, Kia Lim, ARK, Scanwolf, KYM 
HUPSENG -1.0%, GLOTEC +5.1%, HWATAI +6.4%, GUH +5.2%, SEAL +1.3%, PAOS +26.8%, KIALIM -0.7%, ARK +6.0%, SCNWOLF -3.5%, KYM +32.0%,
2:06 PM Ant-backed Zomato soars in India market debut to US$12b valuation
2:03 PM Xi inspects key railway project in SW China's Tibet - Xinhua
1:52 PM Investors eye COVID-19 spread, Golden Cross to gauge U.S. dollar trajectory
1:48 PM Asia shares subdued by slow vaccinations, eye on factory surveys
1:44 PM Australian states squabble as NSW seeks Covid-19 vaccine priority
1:40 PM Big gains for BIG share price as its hits fresh record high

KUALA LUMPUR: Shares of BIG Industries Bhd extended its rally on Friday, surging to RM1.98 as punters continued to chase up the industrial gases producer.
BIG +9.7%,
1:29 PM Asian FX, stocks see lacklustre trade amid virus woes
1:23 PM IOI Corp's first sustainability forum on oil palm labour challenges
IOICORP +0.8%,
1:19 PM FBM KLCI ends morning session lower
1:01 PM DynaFront debuts 9.52% higher on LEAP market at 23 sen per share
DYNAFNT +23.8%,
12:53 PM FBM KLCI fails to extend rally

KUALA LUMPUR: The previous rally was short-lived as the FBM KLC returned to profit-taking mode on Friday, with expectations that it will close the day firmly in consolidation mode.
12:44 PM Malaysia's June CPI rises 3.4% y-o-y, slightly below forecast
12:39 PM With 50,000 cases a day, one country opens up as another suffers
12:27 PM Prosecution seeks adjournment of reply to RM31m forfeiture bid against Najib,...
12:25 PM Sinovac says its vaccine effective against Delta variant
12:16 PM June CPI rises 3.4% on-year, slightly below forecast

KUALA LUMPUR: Malaysia's consumer price index (CPI) rose by 3.4% in June, expanding from a year earlier, government data showed on Friday.
12:15 PM Asian shares dragged by vaccination lag; Wall Street fares better
12:04 PM AirAsia extends credit account validity to 3 years

KUALA LUMPUR: Due to the curbs on air travel due to the pandemic, AirAsia has extended the credit account validity period to three years from the date of issuance for all of its guests with a valid credit account issued before June 30, 2021.
AIRASIA 0%,
12:03 PM ViTrox rises as much as 9.78% after posting record 2Q earnings
VITROX +10.5%,
12:02 PM ECB pledges low rates for longer as virus casts shadow over growth
11:47 AM Singapore's home price growth slows amid virus curbs
11:42 AM Longer gap between Pfizer doses boosts antibodies, study finds
11:36 AM REE Automotive plans 2023 production of delivery van, people mover
11:34 AM Heed SOPs despite vaccine certificates, MEF tells employers
11:27 AM Loss-making Paos jumps ahead of 4Q results

KUALA LUMPUR: Shares of loss-making Paos Holdings Bhd surged to a high of 63.5 sen on Friday in the absence of any fresh positive news while it is due to announce its fourth quarter results ended May 31, 2021.
PAOS +26.8%,
11:16 AM U.S. housing market floats back to earth
11:00 AM Mercedes-Benz hits accelerator in e-car race with Tesla
10:51 AM AirAsia credit account validity extended to three years
AIRASIA 0%,
10:43 AM Singapore's GIC posts best performance since 2015 despite pandemic year
10:43 AM Amazon-backed Rivian confirms plan for second U.S. assembly plant
10:38 AM Intel server-chip woes drag on sales forecast; shares slump
10:35 AM Dynafront opens at 23 sen on LEAP Market debut

KUALA LUMPUR: Dynafront Holdings Bhd, an insurance technology specialist, made its debut on the LEAP Market of Bursa Securities Malaysia on Friday at 23 sen a share, which was a premium of two sen or 9.6% over its offer price of 21 sen.
DYNAFNT +23.8%,
10:33 AM Gold steady as lower bond yields negate pressure from firm dollar
10:30 AM Oil slips but heads for steady week on supply tightness
10:28 AM Ringgit opens lower on high Covid tally

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today, as buying sentiment for the local unit deteriorated after Malaysia reported its second-highest daily COVID-19 cases on record yesterday.
10:18 AM Ringgit opens slightly lower against US dollar
10:06 AM Bursa opens mixed, KLCI eases 0.08%
9:49 AM Cautious start for Bursa as Petronas stocks weigh

KUALA LUMPUR: Bursa Malaysia got off to a cautious start on Friday, weighed down by losses in Petronas Dagangan, Petronas Chemicals, KL Kepong and HLFG after the rebound the previous day but tech and chip stocks advanced.
9:42 AM Malaysia Airlines not speculating on Airbus A380-800 market value, expects...
9:00 AM Outlook for CMMT remains challenging

KUALA LUMPUR: The outlook for CapitaLand Malaysia Mall Trust remains challenging due to the worsening impact of the Covid-19 pandemic in the Klang Valley, although there are expectations of a recovery in the fourth quarter of the year.
CMMT +0.8%,
8:00 AM The 7 trading themes for Bursa in 2H2021, according to CGS-CIMB
GENTING -0.4%, LCTITAN -0.7%, KOSSAN -1.1%, HARTA -0.6%, ASTRO +0.9%, PBBANK 0%, MAYBANK -0.1%, HLBANK -0.3%, STAR +5.6%, SUCCESS +1.8%, MAGNUM -2.0%, MEDIAC 0%, VELESTO 0%, GENM -0.4%, MISC -0.1%, TM -0.3%, PETDAG -0.5%, SIME -1.8%, TENAGA -0.1%, GAMUDA -0.7%,
7:50 AM Australia's Star Entertainment withdraws US$6.6 bln bid for Crown Resorts
7:45 AM Shell launches sale of stakes in Malaysian oil and gas fields - document
7:39 AM Oil up US$1.50/bbl as demand recovery seen tightening supply
7:34 AM Wall Street ekes out gains, led by tech, growth stocks
7:16 AM China to expand further solar power capacity

BEIJING: China is still expected to add up to 65 GigaWatts (GW) of solar power capacity in 2021, its solar manufacturing association said, taking total solar installations beyond 300 GW by the end of the year.
7:16 AM HSBC, StanChart halt new mortgages to two HK projects by Evergrande

HONG KONG: HSBC and Standard Chartered are declining to extend new loans to buyers of property in two uncompleted Hong Kong residential projects developed by China’s Evergrande Group, three mortgage brokers said.
7:16 AM Harley-Davidson profit beats estimates

Resurgent motorcycle sales boost company’s income
7:16 AM US stocks may ‘plunge’ 15% by end-October

Minerd expects very rough autumn ahead
7:16 AM US-China trade booms as if Covid-19 and tariffs didn’t happen

NEW YORK: China and the United States are shipping goods to each other at the briskest pace in years, making the world’s largest bilateral trade relationship look as if the protracted tariff war and Covid-19 pandemic never happened.
7:16 AM Tiong Nam gets new partner for unit

PETALING JAYA: Tiong Nam Logistics Holdings Bhd has entered into a shareholders agreement with Create Fortune Enterprise Sdn Bhd.
TNLOGIS -1.1%,
7:16 AM Malaysia signs tax compliance agreement with US

KUALA LUMPUR: Malaysia has joined 113 countries in implementing the Foreign Account Tax Compliance Act (FATCA), after signing an agreement with the United States.
7:16 AM Small offering by Swift Haulage

Bulk of IPO shares will be taken up by institutional funds
7:16 AM TH regulation under Bank Negara an interim solution

KUALA LUMPUR: The regulation of Lembaga Tabung Haji (TH) under Bank Negara is an interim solution and will not change the original nature of TH as a superior agency especially in the management of pilgrims, according to the Finance Ministry.
7:16 AM UOA REIT Q2 earnings double despite soft market

PETALING JAYA: The net profit of UOA Real Estate Investment Trust (REIT) more than doubled in the second quarter ended June 30, led by stronger gross rentals as well as interest and other income.
UOAREIT +0.9%,
7:16 AM Recovery likely to pick up pace in Q4

High vaccination rate to restore confidence
7:16 AM Hyundai has biggest profit in seven years, warns about chip shortage

SEOUL: Hyundai Motor Co posted its biggest profit in seven years, helped by sales of luxury Genesis cars and Ioniq 5 electric vehicles (EVs), but warned that global chip shortage could impact third-quarter deliveries.
7:16 AM JanaNiaga to ease SME cashflow issues

PETALING JAYA: The National Supply Chain Finance Platform or JanaNiaga is expected to contribute up to RM4.8bil a year to improve the cash liquidity of small and medium enterprises (SMEs).
7:16 AM Vitrox posts record quarterly profit

PETALING JAYA: Vitrox Corp Bhd posted a record quarterly net profit of RM50.64mil, 121% higher year-on-year, for its second quarter ended June 30, 2021.
VITROX +10.5%,
7:16 AM Banks to ride on economic recovery

Improvement seen in underlying interest margins
AMBANK -0.7%, MAYBANK -0.1%, RHBBANK -0.4%, CIMB -0.9%, ABMB -0.4%, HLBANK -0.3%,
7:16 AM Pantech returns to the black in Q1

PETALING JAYA: Pantech Group Holdings Bhd made a profit of RM15.2mil for its first quarter (Q1) ended May 31, 2021, compared with a net loss of RM5.6mil in the corresponding period last year.
PANTECH -1.0%,
7:16 AM Higher earnings for United Plantations

KUALA LUMPUR: United Plantations Bhd’s (UP) net profit advanced to RM135.78mil in the second quarter (Q2) ended June 30, 2021 from RM123.59mil in the same period last year
UTDPLT +0.7%,
7:16 AM Insight - Tech future: Better pay and micro offices

THE global pandemic is shaking up Canada’s flourishing tech industry, pushing employers to embrace new work arrangements and offer competitive wages, says one of the country’s venture industry veterans.
7:16 AM Insight - Billionaire who missed out on TikTok is trying to beat it

IN 2017, Su Hua, the founder of a Chinese startup called Kuaishou Technology, was on the verge of closing the biggest deal of his career – the acquisition of a fledgling video service that would become TikTok. But arch-rival ByteDance Ltd swooped in with a better offer, and Su missed out on what has become a global sensation.Now, the 38-year-old entrepreneur is getting some payback
7:16 AM Industrial property sector to remain attractive

Growth in logistics backed by demand for space
7:16 AM Grab and Food Panda set good examples

KUALA LUMPUR: A total of 64,773 active contributors, comprising Grab Malaysia and Food Panda delivery partners have registered for and contributed to the Self-Employed Social Security Scheme (SESSS) under the Social Security Organisation (Socso) as of July 9, 2021.
7:16 AM Axis REIT shares up in line with Q2 profit

KUALA LUMPUR: Shares in Axis Real Estate Investment Trust (Axis REIT) responded positively after its latest earnings came in within expectations.
AXREIT -1.5%,
7:16 AM Communications and multimedia sustainable during pandemic

KUALA LUMPUR: The communications and multimedia industry (C&M) remains sustainable despite the challenges posed by the Covid-19 pandemic, as the rise in online transactions as well as online learning and work-from-home activities boosted demand for its services.
7:16 AM Uncertainties cloud Pharmaniaga

Company’s earnings stability hinges on govt contract
PHARMA 0%,
7:16 AM Outstanding order book a boost for Sapura

KUALA LUMPUR: AmInvestment Research believes that Sapura Energy Bhd’s outstanding order book can increase by 10% to RM13bil based on the group’s bids of RM53bil currently.
SAPNRG +4.2%,
7:16 AM Mechanical, electrical sector at breaking point

KUALA LUMPUR: The mechanical and electrical (M&E) sector is now at the “breaking point”, as the manufacturing-related, supply chain and maintenance segments have not been allowed to operate, said the Malaysia Council of Mechanical and Electrical Association.
7:16 AM Hard hit by pandemic

Indonesian businesses urge govt to help pay wages
7:16 AM StanChart lowers Vietnam forecast

HANOI: Standard Chartered has lowered its growth forecast for Vietnam for 2021 from 6.7% to 6.5%.
7:16 AM Favelle Favco’s earnings prospects positive

KUALA LUMPUR: The outlook for Favelle Favco Bhd appears positive, as its recent contract wins signal a recovery for the oil and gas sector.
FAVCO 0%,
7:16 AM Philippines’ growth forecast kept but Delta variant threatens recovery

MANILA: While Metro Manila and neighbouring areas moved closer to achieving herd immunity, boosting hopes that the country could finally return to growth path, the more contagious Delta variant of Covid-19 may further slowdown the reopening of the economy, think tanks said.
7:03 AM Race against time

MAA: Crucial for industry to resume ops by next month
6:55 AM Inflation worries overshadow Unilever's strong first half, hit shares

Unilever Plc warned on Thursday that surging commodity costs would squeeze its full-year operating margin, overshadowing strong second-quarter sales growth fuelled by the easing of pandemic-related curbs in many of its markets.
6:43 AM Japan's power plan will rattle coal, LNG exporters

LAUNCESTON, Australia: Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country's new electricity generation targets will shake the market up.
6:37 AM US gas prices at multi-year highs

LONDON: U.S. natural gas prices have surged to multi-year highs which will conserve scarce stocks, encourage more gas-focused drilling and promote a temporary switch back towards coal-fired generation this summer.
6:32 AM Oil price up US$1.50/bbl as demand recovery seen tightening supply

NEW YORK: Oil prices rose about US$1.50 a barrel on Thursday, extending gains made in the previous three sessions on expectations of tighter supplies through 2021 as economies recover from the coronavirus crisis.
6:26 AM GLOBAL MARKETS-Wall Street closes up after choppy trading due to higher jobless claims

NEW YORK: U.S. stock markets closed higher after a mixed trading session as investors digested negative economic data reflecting the country's struggle to move past the COVID-19 pandemic, while yields on safe-haven assets such as U.S. Treasuries slipped.
2:13 AM Websites of airlines, banks, tech companies back online after brief global...
2:06 AM Australia's stunning economic recovery trips on Delta, vaccine snags
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