News Analytics

Sentiments

Sentiment

Pos Malaysia, Hartalega, Kossan, Hong Seng, Sunway, PetDag, Affin, Bank Islam, Hibiscus, LBS, Sime Darby Property, Lagenda Properties

KUALA LUMPUR (May 22): Here is a brief recap of some business news and corporate announcements that ...

Source: TheEdge

Sentiment

Magma plans to raise RM100 mil via redeemable convertible note issuance

KUALA LUMPUR (May 22): Magma Group Bhd (KL:MAGMA), formerly known as Impiana Hotels Bhd, plans to un...

Source: TheEdge

Sentiment

KNM receives nomination for new directors ahead of June 6 AGM

KUALA LUMPUR (May 21): KNM Group Bhd (KL:KNM) has received a written notice from a solicitor proposi...

Source: TheEdge

Sentiment

Hextar Industries posts 78% drop in 1Q earnings on lower ASP, higher raw material costs

KUALA LUMPUR (May 22): Hextar Industries Bhd (KL:HEXIND) saw its net profit tumble 78.1% year-on-yea...

Source: TheEdge

Sentiment

LBS posts flat 1Q net profit as revenue drops to lowest in nearly three years

KUALA LUMPUR (May 22): LBS Bina Group Bhd’s (KL:LBS) net profit rose by a marginal 0.11% to RM30.53 ...

Source: TheEdge

Sentiment

Perdana Petroleum delivers RM6.1 mil net profit in 1Q amid sustained OSV demand

KUALA LUMPUR (May 21): Perdana Petroleum Bhd (KL:PERDANA) booked a net profit of RM6.07 million in t...

Source: TheEdge

Sentiment

PetDag appoints Azureen Azita Abdullah as new COO

KUALA LUMPUR (May 21): Petronas Dagangan Bhd (KL:PETDAG), the marketing arm of Petroliam Nasional Bh...

Source: TheEdge

Sentiment

Apollo’s public spread back in compliance after Scoop Capital sells 4% stake

KUALA LUMPUR (May 21): Confectionary maker Apollo Food Holdings Bhd’s (KL:APOLLO) said its public sh...

Source: TheEdge

Sentiment

IHH Healthcare chairman Mohammed Azlan to retire at next AGM

KUALA LUMPUR (May 21): IHH Healthcare Bhd (KL:IHH) said on Tuesday that Tan Sri Mohammed Azlan Hashi...

Source: TheEdge

Sentiment

Sime Darby Property's 1Q profit doubles on higher sales

KUALA LUMPUR (May 21): Sime Darby Property Bhd (KL:SIMEPROP) reported that its first quarter net pro...

Source: TheEdge

Sentiment

Global automakers unveil latest tech at Malaysia Autoshow 2024

SERDANG (May 21): The Malaysia Autoshow 2024 commenced on Tuesday with several global automotive ind...

Source: TheEdge

Sentiment

Hong Seng revisits potential glove business expansion, but on smaller scale

KUALA LUMPUR (May 21): Hong Seng Consolidated Bhd’s (KL:HONGSENG) previously suspended plan to expan...

Source: TheEdge

Sentiment

Sunway's 1Q net profit up 22% amid stronger earnings from property, healthcare segments

KUALA LUMPUR (May 21): Conglomerate Sunway Bhd (KL:SUNWAY) reported a 21.6% year-on-year increase in...

Source: TheEdge

Sentiment

Pos Malaysia narrows losses to RM19 mil in 1Q

KUALA LUMPUR (May 21): Pos Malaysia Bhd (KL:POS) narrowed its net loss to RM19.69 million in its fir...

Source: TheEdge

Sentiment

TSR Capital gets full arbitration sum in dispute with YTL's unit over contract breach as Fed Court rules in its favour

KUALA LUMPUR (May 21): The Federal Court has ruled in favour of TSR Capital Bhd (KL:TSRCAP) in its d...

Source: TheEdge

Sentiment

Lagenda Properties buys land in Kedah for affordable housing development

KUALA LUMPUR (May 21): Lagenda Properties Bhd (KL:LAGENDA) said it is buying 855 acres of freehold l...

Source: TheEdge

Sentiment

Pos Malaysia to sell non-core shipping unit for RM123m

KUALA LUMPUR (May 21): Pos Malaysia Bhd (KL:POS) said on Tuesday it is selling its ship chartering u...

Source: TheEdge

Sentiment

ByteDance acquired earbud maker Oladance for future hardware, Bloomberg reports

(May 21): ByteDance Ltd has acquired Chinese earphone maker Oladance for around US$50 million (RM234...

Source: TheEdge

Sentiment

The missing piece in US chip policy - report

(May 21): One point of criticism was particularly emphatic: The Chinese are seeking to dominate the ...

Source: TheEdge

Sentiment

Apple fights €1.8b EU antitrust fine for curbs on Spotify

(May 21): Apple Inc is challenging a €1.8 billion (US$1.9 billion or RM9.19 billion) fine levied by ...

Source: TheEdge

Sentiment

MCMC and Mida to sign MOU to help MSMEs adopt, utilise 5G — Fahmi

PUTRAJAYA (May 21): The Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian ...

Source: TheEdge

Sentiment

Alibaba sparks China AI price war with spate of steep discounts

(May 21): Alibaba Group Holding Ltd slashed prices for a clutch of artificial intelligence (AI) serv...

Source: TheEdge

Sentiment

ASML and TSMC can disable chip machines if China invades Taiwan

(May 21): ASML Holding NV and Taiwan Semiconductor Manufacturing Co have ways to disable the world’s...

Source: TheEdge

Sentiment

Financing for Toyo Ventures’ Vietnam power plant under scrutiny

This article first appeared in The Edge Malaysia Weekly on May 13, 2024 - May 19, 2024 THE clock is ...

Source: TheEdge

Sentiment

SunCon shares off record high after below-view 1Q amid analyst downgrades

KUALA LUMPUR (May 21): Sunway Construction Group Bhd (KL:SUNCON) retreated on Tuesday from its all-t...

Source: TheEdge

Sentiment

Hibiscus' 3Q net profit climbs 42%, driven by strong oil and condensate prices

KUALA LUMPUR (May 21): Hibiscus Petroleum Bhd's [KL:HIBISCS] net profit climbed by 42.37% to RM101.8...

Source: TheEdge

Sentiment

Completion of Dutch Lady’s new facility sparks anticipation of higher dividend

This article first appeared in The Edge Malaysia Weekly on May 13, 2024 - May 19, 2024 DUTCH Lady Mi...

Source: TheEdge

Sentiment

Brokers Digest: Local Equities - Auto and auto parts, Fraser & Neave Holdings Bhd, Dayang Enterprise Holdings Bhd, Malakoff Corp Bhd

This article first appeared in Capital, The Edge Malaysia Weekly on May 13, 2024 - May 19, 2024 Neut...

Source: TheEdge

Sentiment

Advancecon clinches RM25m infrastructure works contract in Shah Alam

KUALA LUMPUR (May 21): Earthworks and civil engineering specialist Advancecon Holdings Bhd has clinc...

Source: TheEdge

Sentiment

Apple supplier Foxconn among firms asked to cut power use in Vietnam — Reuters

HANOI/TAIPEI (May 21): Vietnamese officials have called on Apple supplier Foxconn to voluntarily red...

Source: TheEdge

Sentiment

Insider Moves: SEG International Bhd, Turiya Bhd, Berjaya Corp Bhd, Signature International Bhd, Systech Bhd, Econframe Bhd, IOI Properties Group Bhd, CTOS Digital Bhd

This article first appeared in Capital, The Edge Malaysia Weekly on May 13, 2024 - May 19, 2024 Nota...

Source: TheEdge

Sentiment

Hartalega returns to the black for 4QFY2024

KUALA LUMPUR (May 21): Hartalega Holdings Bhd (KL:HARTA) notched a turnaround in its final quarter t...

Source: TheEdge

Sentiment

PetDag's 1Q net profit falls 25% to RM226m, declares dividend of 18 sen

KUALA LUMPUR (May 21): Petronas Dagangan Bhd's (KL:PETDAG) net profit for the first quarter ended Ma...

Source: TheEdge

Sentiment

Supercomnet shares on course for worst day in 15 months after below-view 1Q

KUALA LUMPUR (May 21): Shares of Supercomnet Technologies Bhd (KL:SCOMNET) fell on Tuesday and may b...

Source: TheEdge

Sentiment

Nvidia earnings could spark US$200b swing in shares, options show

NEW YORK (May 21): Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports...

Source: TheEdge

Sentiment

Temasek backs OpenAI investor’s new US$250 mil tech fund

(May 21): Alpha Intelligence Capital (AIC), which invests in artificial intelligence companies inclu...

Source: TheEdge

Sentiment

Michael Dell says AI PCs will be ‘pretty standard’ in 2025

(May 21): Dell Technologies Inc is unveiling a new line of personal computers (PCs) optimised for ar...

Source: TheEdge

Sentiment

Feytech expects proposed subsidy rationalisation to impact automotive market

KUALA LUMPUR (May 21): The proposed fuel subsidy rationalisation by the government could impact the ...

Source: TheEdge

Sentiment

Chaos reigns inside Tesla as workers await next slew of job cuts

(May 20): Tesla Inc. workers are living in fear of the “Dear Employee” layoff email. Over a month in...

Source: TheEdge

Sentiment

Nvidia CEO says Dell partnership is key in its push to expand AI

(May 21): Nvidia Corp chief executive officer Jensen Huang said its partnership with Dell Technologi...

Source: TheEdge

Sentiment

Tesla shareholder group slams Musk’s US$56b pay package

(May 21): A coalition of Tesla Inc shareholders is urging other investors to reject a US$56 billion ...

Source: TheEdge

Sentiment

Samsung Electronics picks veteran executive to tackle 'chip crisis' amid AI boom

SEOUL (May 21): Samsung Electronics has replaced the chief of its semiconductor division to help the...

Source: TheEdge

Sentiment

Pintaras Jaya rises to 11-month high after announcing 3Q results

KUALA LUMPUR (May 21): Shares of Pintaras Jaya Bhd (KL:PTARAS) rose to its highest in 11 months afte...

Source: TheEdge

Sentiment

Global public cloud end-user spending to hit US$675b in 2024, says Gartner

KUALA LUMPUR (May 21): Global end-user spending on public cloud services is forecast to grow 20.4% t...

Source: TheEdge

Sentiment

Scarlett Johansson says OpenAI chatbot voice 'eerily similar' to hers

(May 21): Scarlett Johansson on Monday accused OpenAI of creating a voice for the ChatGPT system tha...

Source: TheEdge

Sentiment

Menang shares closes in on nine-month high on special dividend, earnings

KUALA LUMPUR (May 21): Shares of Menang Corp (M) Bhd (KL:MENANG) rose to its highest in nearly nine ...

Source: TheEdge

Sentiment

Feytech makes strong Main Market debut with 30 sen premium

KUALA LUMPUR (May 21): Automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH) made a strong ...

Source: TheEdge

Sentiment

Bahvest poised for a potential bullish breakout, says Rakuten Trade

KUALA LUMPUR (May 21): Rakuten Trade said Bahvest Resources Bhd (KL: BAHVEST) is poised for a potent...

Source: TheEdge

Sentiment

RHB brings Apple Pay to customers in Malaysia

KUALA LUMPUR (May 21): RHB Banking Group has launched Apple Pay for its customers in Malaysia. In a ...

Source: TheEdge

Sentiment

US regulator to probe VinFast crash in California in which four died

WASHINGTON (May 21): US auto safety investigators said on Monday they will investigate the April cra...

Source: TheEdge

Sentiment

Malaysia Airports shareholder expresses doubt on takeover bid

(May 21): Northcape Capital Ltd said a bid by major shareholders to take Malaysia Airports Holdings ...

Source: TheEdge

Sentiment

Ether jumps most in 18 months on speculation of ETF approval

(May 21): Ether surged the most in 18 months, leading a rally in digital assets, amid growing specul...

Source: TheEdge

Sentiment

FDIC chair Gruenberg says he will step down once successor is announced

WASHINGTON (May 21): US Federal Deposit Insurance Corp chair Martin Gruenberg said on Monday he plan...

Source: TheEdge

Sentiment

AI-intensive sectors are showing a productivity surge, PwC says

LONDON (May 21): The types of business which are most likely to use artificial intelligence are seei...

Source: TheEdge

Sentiment

Microsoft’s CEO says new AI PCs will revive PC-Mac rivalry

(May 21): Microsoft Corp. Chief Executive Officer Satya Nadella is betting a new generation of compu...

Source: TheEdge

Sentiment

Zoom projects lackluster sales on stagnant customer growth

(May 21): Zoom Video Communications Inc. gave a sales forecast that was in line with estimates, sugg...

Source: TheEdge

Sentiment

BMW imported 8,000 vehicles into US with parts from banned Chinese supplier, Senate report says

WASHINGTON (May 21): German automaker BMW imported at least 8,000 Mini Cooper vehicles into the Unit...

Source: TheEdge

Sentiment

Hubline, Public Bank, Batu Kawan, KLK, Menang Corp, Kotra, Media Chinese, FGV, Magma Binasta, Bright Packaging, Annum, Pertama

KUALA LUMPUR (May 21): Here is a brief recap of some business news and corporate announcements that ...

Source: TheEdge

Sentiment

Annum’s largest shareholder Chin Kok Foong exits group after selling 15% stake to Ageson's Larry Liew

KUALA LUMPUR (May 21): Annum Bhd’s (KL:ANNUM) largest shareholder, Datuk Seri Chin Kok Foong, has di...

Source: TheEdge

Sentiment

Court strikes out man’s RM25 mil trespassing suit against FGV

KUALA LUMPUR (May 20): A court in Sabah has struck out a man’s claim for RM24.92 million damages aga...

Source: TheEdge

Sentiment

Binastra MD offloads 6% stake for RM36 mil

KUALA LUMPUR (May 20): Binastra Corp Bhd's (KL:BNASTRA) managing director and largest shareholder Da...

Source: TheEdge

Sentiment

Fugitive businessman Ricky Wong trims stake in Bright Packaging amidst legal woes with SC

KUALA LUMPUR (May 20): Bright Packaging Industry Bhd’s (KL:BRIGHT) largest shareholder Datuk Ricky W...

Source: TheEdge

Sentiment

Coastal Contracts bags vessel sale, five-year charter extension

KUALA LUMPUR (May 20): Coastal Contracts Bhd (KL:COASTAL) has secured the sale of an offshore suppor...

Source: TheEdge

Sentiment

EPCC work yet to start on Toyo’s Song Hau power plant, says SunCon

KUALA LUMPUR (May 20): Engineering, procurement, commissioning and construction (EPCC) work has yet ...

Source: TheEdge

Sentiment

Notion VTec logs RM14 mil net profit in 2Q amid stronger demand for EMS products

KUALA LUMPUR (May 20): Electronics manufacturing services (EMS) firm Notion VTec Bhd (KL:NOTION) rep...

Source: TheEdge

Sentiment

Apple slashes iPhone prices in China amid fierce Huawei competition

BEIJING (May 20): Apple has launched an aggressive discounting campaign on its official Tmall site i...

Source: TheEdge

Sentiment

Media Chinese expects to report up to US$13 mil net loss for FY2024 amid lower publishing revenue

KUALA LUMPUR (May 20): Loss-making Media Chinese International Ltd (KL:MEDIAC) said it expects its n...

Source: TheEdge

Sentiment

EVENING 5: Five things you need to know today

EVENING 5: Govt extends foreign worker freeze Dirty dealings. Corporate battles. Consumer woes. Here...

Source: TheEdge

Sentiment

Sunway Construction posts 16% rise in 1Q net profit, eyes more advanced jobs

KUALA LUMPUR (May 20): Sunway Construction Group Bhd (KL:SUNCON), or SunCon, on Monday reported a 16...

Source: TheEdge

Sentiment

Google attacking Microsoft's cyber failures in effort to steal customers, Bloomberg reports

(May 20): Google is betting Microsoft Corp’s very public cybersecurity failures — along with deep di...

Source: TheEdge

Sentiment

TSH Resources reports 13% rise in core 1Q PBT to RM34.8m

KUALA LUMPUR (May 20): Palm oil player TSH Resources Bhd (KL:TSH)reported a 13% year-on-year increas...

Source: TheEdge

Sentiment

Kotra Industries' 3Q profit drops 61% amid lower sales, higher tax expenses

KUALA LUMPUR (May 20): Health products manufacturer Kotra Industries Bhd (KL:KOTRA) said its net pro...

Source: TheEdge

Sentiment

Bursa, subsidiaries to be closed on Wednesday for Wesak Day

KUALA LUMPUR (May 20): Bursa Malaysia Bhd and its subsidiaries will be closed on Wednesday, May 22, ...

Source: TheEdge

Sentiment

Kuala Lumpur Kepong net profit falls 39% in 2Q

(May 20): Kuala Lumpur Kepong Bhd (KL:KLK), Malaysia’s third-largest palm oil producer by acreage, s...

Source: TheEdge

Sentiment

China's property support measures disappoint, developers' shares falter

HONG KONG (May 20): Shares of Chinese developers wobbled on Monday as investors fretted that China's...

Source: TheEdge

Sentiment

Capital A's aviation engineering arm certified as Approved Maintenance Organisation in Cambodia

KUALA LUMPUR (May 20): Asia Digital Engineering (ADE), the engineering arm of Capital A Bhd (KL:CAPI...

Source: TheEdge

Sentiment

Kuchai shareholders missed out on bonanza by a mere two days

This article first appeared in The Edge Malaysia Weekly on May 13, 2024 - May 19, 2024 TWO days can ...

Source: TheEdge

Sentiment

Pertama Digital to continue operating e-Jamin with approval of Prime Minister's Department

KUALA LUMPUR (May 20): Pertama Digital Bhd (KL:PERTAMA) said it had been allowed to continue operati...

Source: TheEdge

Sentiment

MIPFM: Property and facility managers' inputs crucial for Urban Redevelopment Act

KUALA LUMPUR (May 20): The proposed Urban Redevelopment Act should also include inputs from property...

Source: TheEdge

Sentiment

Maybank senior banker Kevin Davies said to be headed to RHB

This article first appeared in The Edge Malaysia Weekly on May 13, 2024 - May 19, 2024 A senior bank...

Source: TheEdge

Sentiment

Kinergy's 1Q net profit doubles on new projects, entities

KUALA LUMPUR (May 20): Energy and engineering services firm Kinergy Advancement Bhd (KL:KAB) said on...

Source: TheEdge

Sentiment

CGS International’s new focus on asset management and corporate finance to boost revenue

This article first appeared in Capital, The Edge Malaysia Weekly on May 13, 2024 - May 19, 2024 FRES...

Source: TheEdge

Sentiment

MAHB's passenger traffic hit 11 million in April, 7.6% higher month-on-month

KUALA LUMPUR (May 20): Malaysia Airports Holdings Bhd’s (MAHB) traffic expanded by 7.6% to 11 millio...

Source: TheEdge

Sentiment

TikTok parent ByteDance now has China’s most popular AI chatbot

(May 20): ByteDance Ltd has overtaken Baidu Inc in the race to deliver China’s answer to ChatGPT — a...

Source: TheEdge

Sentiment

Musk considering offer to build EV battery plant in Indonesia, says minister

DENPASAR (May 20): Indonesia's coordinating minister of investment said that Elon Musk will consider...

Source: TheEdge

Sentiment

Public Bank's 1Q net profit slips 3.5% on higher costs, provisions

KUALA LUMPUR (May 20): Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest banking group by assets...

Source: TheEdge

Sentiment

Poh Kong leads rally in gold-linked stocks as metal hits fresh record

KUALA LUMPUR (May 20): Shares in gold-related counters surged on Monday, following the precious meta...

Source: TheEdge

Sentiment

RHB IB upbeat on Gamuda’s prospects in Ho Chi Minh City, raises target price to RM6.55

KUALA LUMPUR (May 20): RHB Investment Bank Research has maintained its 'buy' rating for Gamuda Bhd (...

Source: TheEdge

Sentiment

Notion VTec charts new three-year high amid rally in tech stocks

KUALA LUMPUR (May 20): Electronics manufacturing services firm Notion VTec Bhd (KL:NOTION) charted a...

Source: TheEdge

Sentiment

Phillip Capital raises target price for Kerjaya Prospek to RM2, sees 1Q24 net profit to be stronger y-o-y

KUALA LUMPUR (May 20): Phillip Capital has maintained its “buy” rating on Kerjaya Prospek Group Bhd ...

Source: TheEdge

Sentiment

China’s EV makers taking longer to pay bills amid rising stress

(May 20): The time it’s taking for some of China’s electric-car makers to pay suppliers is balloonin...

Source: TheEdge

Sentiment

The Business Circle: Empowering family businesses

One of the most overlooked aspects of Asean’s rise to economic power is the fact that it began with ...

Source: TheEdge

Sentiment

Making solar adoption more attractive via SolaRIS

For more than a decade, the Malaysian government has been pushing commercial and residential propert...

Source: TheEdge

Daily Sentiments

93 News articles

Positive

Neutral

Negative

93 News articles

Positive

Neutral

Negative

Features

Services

Others

Company