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Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs

(Nov 21): China's Huawei plans to start mass-producing its most advanced artificial intelligence chi...

Source: TheEdge

Sentiment

Cover Story: Will the second 5G network benefit Malaysians with lower prices and better service?

This article first appeared in The Edge Malaysia Weekly on November 11, 2024 - November 17, 2024 THE...

Source: TheEdge

Sentiment

Cover Story: Untangling the second 5G network puzzler

This article first appeared in The Edge Malaysia Weekly on November 11, 2024 - November 17, 2024 EIG...

Source: TheEdge

Sentiment

Mah Sing unveils M Aspira sales gallery in Taman Desa

Mah Sing Group Bhd chief financial officer Teong Tze Howe, Mah Sing director of group strategy and o...

Source: TheEdge

Sentiment

Northern Solar Holdings signs underwriting agreement with M&A Securities

KUALA LUMPUR (Nov 21): Northern Solar Holdings Bhd has signed an underwriting agreement with M&A Sec...

Source: TheEdge

Sentiment

Analysts raise forecasts after Hap Seng Plantations’ quarterly results beat expectations

KUALA LUMPUR (Nov 21): Analysts have raised their earnings forecasts and target prices on Hap Seng P...

Source: TheEdge

Sentiment

Sime Darby Property seeks more assets generating recurring income

KUALA LUMPUR (Nov 21): Sime Darby Property Bhd (KL:SIMEPROP) on Thursday said that the company is se...

Source: TheEdge

Sentiment

PetChem's outlook gloomy, analysts warn amid mounting joint venture loss

KUALA LUMPUR (Nov 21): Petronas Chemicals Group Bhd (KL:PCHEM) may be in for tougher days ahead foll...

Source: TheEdge

Sentiment

Elon Musk's Neuralink receives Canadian approval for brain chip trial

(Nov 21): Elon Musk's Neuralink said on Wednesday it has received approval to launch its first clini...

Source: TheEdge

Sentiment

Bridging the financial access gap for SMEs

KUALA LUMPUR (Nov 21): Despite government efforts to drive financial inclusion, nearly 12.5 million ...

Source: TheEdge

Sentiment

Dyson dials back Malaysian hairdryer ops, redeploys staff in Johor — Bloomberg

(Nov 21): Dyson Ltd is dialing back its hairdryer-related operations in Malaysia, according to peopl...

Source: TheEdge

Sentiment

Hyundai unveils big electric SUV in fast-growing market

SAN FRANCISCO (Nov 20): Hyundai Motor unveiled its first three-row electric SUV on Wednesday, pushin...

Source: TheEdge

Sentiment

Australia launches 'landmark' bill to ban social media for children under 16

SYDNEY (Nov 21): Australia's centre-left government on Thursday introduced a bill in parliament that...

Source: TheEdge

Sentiment

Byju’s founder accused of trying to regain firm with hidden cash

(Nov 21): The founder of bankrupt Indian tech firm Byju’s tried to use loan proceeds that he alleged...

Source: TheEdge

Sentiment

Nvidia's AI chip demand still booming but slowing sales growth worries investors

(Nov 21): Nvidia forecast its slowest revenue growth in seven quarters on Wednesday, failing to meet...

Source: TheEdge

Sentiment

Chinese EV maker Xpeng to break even later next year, president says

SHANGHAI (Nov 21): Chinese electric car maker Xpeng is expected to break even sometime later in 2025...

Source: TheEdge

Sentiment

RCE Capital shares fall on Thursday after weaker than expected results

KUALA LUMPUR (Nov 21): Shares of RCE Capital Bhd (KL:RCECAP) fell on Thursday after the company, whi...

Source: TheEdge

Sentiment

Hedge fund Effissimo stirs speculation with its stake in Nissan

(Nov 21): What is Effissimo Capital Management Pte’s end game for Nissan Motor Co? The question has...

Source: TheEdge

Sentiment

Petronas Chem, Sime Darby Property, SD Guthrie, Perdana Petroleum, Sports Toto, Hap Seng Plant, RCE Capital, MyEG Services, Pos, UOA Devt, Amway, Formosa, Hextar Ind, Thong Guan, Kawan Food, RHB Bank, IFCA, Sapura Energy, Reservoir Link, Velesto, Zelan

KUALA LUMPUR (Nov 21): Here is a brief recap of some corporate announcements that made the news on W...

Source: TheEdge

Sentiment

Thong Guan 3Q profit drops 32% on lower contribution from plastic packaging products

KUALA LUMPUR (Nov 20): Packaging material maker Thong Guan Industries Bhd’s (KL:TGUAN) net profit sh...

Source: TheEdge

Sentiment

PN17 Zelan's CEO Mohd Ariff resigns after three months in job

KUALA LUMPUR (Nov 20): Zelan Bhd’s chief executive officer Mohd Ariff Abd Samat has departed from th...

Source: TheEdge

Sentiment

Matrade concludes Mihas@Dubai with RM2.2 bil sales, exceeding target by 120%

DUBAI (Nov 20): The Malaysia External Trade Development Corporation (Matrade) has concluded the Mala...

Source: TheEdge

Sentiment

Sports Toto posts RM68.4m pre-tax profit for Q1, declares 2 sen dividend

PETALING JAYA: Sports Toto Bhd (SPToto) reported RM1.44 billion revenue for the first quarter ended ...

Source: TheSun

Sentiment

Nvidia traders brace for potential US$300 bil earnings move

(Nov 20): With Nvidia Corp due to report an unusually complex quarter as the world’s most valuable c...

Source: TheEdge

Sentiment

Kawan Food’s 3Q profit drops over 80%, dragged by forex losses and higher tax expense

KUALA LUMPUR (Nov 20): Kawan Food Bhd’s (KL:KAWAN) net profit for the third quarter ended Sept 30, 2...

Source: TheEdge

Sentiment

Pos Malaysia's 3QFY2024 net loss widens on lower postal and freight volume

KUALA LUMPUR (Nov 20): Pos Malaysia Bhd (KL:POS) continued its quarterly streak in the red, posting ...

Source: TheEdge

Sentiment

MyEG posts highest-ever quarterly net profit of RM195m in 3Q

KUALA LUMPUR (Nov 20): MyEG Services Bhd (KL:MYEG) posted its highest-ever quarterly net profit of R...

Source: TheEdge

Sentiment

Formosa Prosonic warns of more tough times as it logs first quarterly loss since 2015 on lower sales, forex loss

KUALA LUMPUR (Nov 20): Formosa Prosonic Industries Bhd (KL:FPI) fell into the red in the third quart...

Source: TheEdge

Sentiment

Sime Darby Property hits 91% of 2024 annual sales target in nine months

KUALA LUMPUR (Nov 20): Sime Darby Property Bhd (KL:SIMEPROP) said it has already hit 91% of its full...

Source: TheEdge

Sentiment

Perdana Petroleum reports threefold jump in 3Q profit on higher charter rates, increased vessel use

KUALA LUMPUR (Nov 20): Offshore marine services provider Perdana Petroleum Bhd (KL:PERDANA) reported...

Source: TheEdge

Sentiment

Hextar Industries 3Q net profit drops 12.6% on impairment loss, higher admin expenses

KUALA LUMPUR (Nov 20): Hextar Industries Bhd (KL:HEXIND) posted a 12.59% drop in net profit for the ...

Source: TheEdge

Sentiment

Sapura Energy gets pan-Malaysia services contract

KUALA LUMPUR (Nov 20): Sapura Energy Bhd (KL:SAPNRG) has secured a contract to provide pan-Malaysia ...

Source: TheEdge

Sentiment

RCE Capital's net profit falls 27% on lower revenue as it prioritises better credit quality

KUALA LUMPUR (Nov 20): Consumer finance company RCE Capital Bhd’s (KL:RCECAP) net profit in the seco...

Source: TheEdge

Sentiment

Court sides with Tokio Marine in bancassurance dispute with RHB

KUALA LUMPUR (Nov 20): The Kuala Lumpur High Court has sided with Tokio Marine Life Insurance Malays...

Source: TheEdge

Sentiment

Hap Seng Plantations logs highest quarterly profits in nearly three years on strong prices, lower expenses

KUALA LUMPUR (Nov 20): Hap Seng Plantations Holdings Bhd (KL:HSPLANT) logged its highest quarterly n...

Source: TheEdge

Sentiment

Malayan Flour Mills net profit for nine months jumps to RM64 million

PETALING JAYA: Staple foods producer Malayan Flour Mills Bhd’s (MFM) net profit for the nine months ...

Source: TheSun

Sentiment

Sports Toto’s 1Q net profit falls 31%, declares two sen dividend

KUALA LUMPUR (Nov 20): Sports Toto Bhd’s (KL:SPTOTO) net profit for the first quarter ended Sept 30,...

Source: TheEdge

Sentiment

Amway flags lower full-year revenue as 3Q profit drops 29% on weaker sales while costs climb

KUALA LUMPUR (Nov 20): Amway (Malaysia) Holdings Bhd (KL:AMWAY) is anticipating a decrease in its fu...

Source: TheEdge

Sentiment

VW workers threaten historic battle over carmaker's US$18b cost cut push

BERLIN/WOLFSBURG (Nov 20): Unions on Wednesday threatened a far-reaching escalation of a dispute wit...

Source: TheEdge

Sentiment

DX design hub to Host Launching Party on 3 December, Open to the Public from 4 December

HONG KONG SAR - Media OutReach Newswire - 20 November 2024 - Located in Sham Shui Po, Hong Kong Desi...

Source: TheSun

Sentiment

HIB records net profit of RM11.5 million in 3rd quarter of 2024

KUALA LUMPUR: Hextar Industries Berhad (HIB) registered a cumulative consolidated revenue of RM769 m...

Source: TheSun

Sentiment

SD Guthrie's 3Q net profit down 37% on a lack of disposal gain

KUALA LUMPUR (Nov 19): SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, reporte...

Source: TheEdge

Sentiment

Pos Malaysia Group delivers positive revenue growth in Q3 2024

KUALA LUMPUR: Pos Malaysia Berhad today announced its financial results for the third quarter of fis...

Source: TheSun

Sentiment

LEAP Market-bound Hydropipes expects to make a splash on rise in water infrastructure projects

KUALA LUMPUR (Nov 20): LEAP Market-bound water pipe maker Hydropipes Bhd plans to build up capital t...

Source: TheEdge

Sentiment

Bursa lifts suspension of Sarawak Cable shares as it seeks clarification from court regarding interim judicial appointment's implications

KUALA LUMPUR (Nov 20): Bursa Malaysia has filed an application to the High Court seeking clarificati...

Source: TheEdge

Sentiment

BMW Group Malaysia to discuss with govt entities and local partners on EV assembly

KUALA LUMPUR (Nov 20): BMW Group Malaysia is currently engaging with the government and local partne...

Source: TheEdge

Sentiment

Kadokawa shares surge after news of Sony acquisition talks

TOKYO (Nov 20): Kadokawa's shares closed up 16% in Tokyo on Wednesday, a day after Reuters reported ...

Source: TheEdge

Sentiment

Kenanga Investment Bank Highlights Collective Efforts Against Fraud in its 8th Annual Fraud

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 20 November 2024 - Kenanga Investment Bank Berhad...

Source: TheSun

Sentiment

UOA Development’s net profit slips 5.2% in 3QFY2024 despite 32% revenue growth

KUALA LUMPUR (Nov 20): Property developer UOA Development Bhd’s (KL:UOADEV) net profit for the three...

Source: TheEdge

Sentiment

Reservoir Link to provide well continuity services to Petronas

KUALA LUMPUR (Nov 20): Reservoir Link Energy Bhd (KL:RL) said one of its subsidiaries has been appoi...

Source: TheEdge

Sentiment

Velesto collaborates with Petronas to implement automation, robotics on its drilling rigs

KUALA LUMPUR (Nov 20): Velesto Energy Bhd (KL:VELESTO) said it is exploring the implementation of ro...

Source: TheEdge

Sentiment

TNG Digital foresees first full-year profit in 2025 amid plans to deepen user relationship

This article first appeared in The Edge Malaysia Weekly on November 11, 2024 - November 17, 2024 TNG...

Source: TheEdge

Sentiment

IFCA MSC targets RM440m in new sales for next three years

KUALA LUMPUR (Nov 20): IFCA MSC Bhd (KL:IFCAMSC) said it is targeting RM440 million in new sales ove...

Source: TheEdge

Sentiment

Fahmi wants ‘overhaul’ of Jendela Phase 2, lambasts telcos over non-operational towers

PUTRAJAYA (Nov 20): There is a need to overhaul the entire implementation process of Phase 2 of the ...

Source: TheEdge

Sentiment

Alpha IVF not putting all eggs in one basket, eyes regional expansion

This article first appeared in The Edge Malaysia Weekly on November 11, 2024 - November 17, 2024 HOM...

Source: TheEdge

Sentiment

Matrade partners EXIM Bank to boost trade promotion

DUBAI (Nov 20): The Malaysia External Trade Development Corporation (Matrade) and Export-Import Bank...

Source: TheEdge

Sentiment

Trade facilitation, capital market connectivity in focus as Malaysia chairs Asean in 2025 — Amir Hamzah

KUALA LUMPUR (Nov 20): The government on Wednesday said that it plans to strengthen trade facilitati...

Source: TheEdge

Sentiment

Petronas Chemicals reports first ever quarterly loss since listing

KUALA LUMPUR (Nov 20): Petronas Chemicals Group Bhd (KL:PCHEM) was sent into the red on Wednesday fo...

Source: TheEdge

Sentiment

Bearish oil price prompts PublicInvest to keep neutral on Hibiscus despite turnaround at offshore assets

By Yu Jien Lim KUALA LUMPUR (Nov 20): Despite a turnaround at Hibiscus Petroleum Bhd’s (KL:HIBISCS)...

Source: TheEdge

Sentiment

Trump, Musk watch SpaceX launch Starship, booster misses landing

WASHINGTON (Nov 19): Elon Musk's SpaceX launched its giant Starship rocket to space from Texas on Tu...

Source: TheEdge

Sentiment

E&O launches RM60b masterplan for Andaman Island development project

GEORGE TOWN (Nov 20): Property developer Eastern & Oriental Bhd [KL:E&O] has unveiled its masterplan...

Source: TheEdge

Sentiment

Dialog shares rise in active trade, most analysts still advice ‘buy’ after 1Q results

KUALA LUMPUR (Nov 20): Shares of Dialog Group Bhd (KL:DIALOG) rose on Wednesday in active trading, a...

Source: TheEdge

Sentiment

Cape EMS down in highly-active trade after first quarterly loss since listing

KUALA LUMPUR (Nov 20): Shares of Cape EMS Bhd (KL:CEB) fell on Wednesday morning in highly active tr...

Source: TheEdge

Sentiment

Qualcomm 'positive' on Trump administration as it forecasts chip sales growth

(Nov 20): Qualcomm said on Tuesday it was "positive" on President-elect Donald Trump's incoming admi...

Source: TheEdge

Sentiment

Malayan Flour Mills shares sink to January-low after sharp 3Q profit drop

KUALA LUMPUR (Nov 20): Shares of Malayan Flour Mills Bhd (MFM)(KL:MFLOUR) sank on Wednesday morning ...

Source: TheEdge

Sentiment

Trump administration plans to roll back Biden's stricter fuel-efficiency standards

WASHINGTON (Nov 20): President-elect Donald Trump's incoming administration plans to target federal ...

Source: TheEdge

Sentiment

Asian crypto hotspots gain from US$800b rally led by US

(Nov 20): A record-breaking crypto rally born in the US is leaving its mark on Asia, including a jum...

Source: TheEdge

Sentiment

TA Securities downgrades Star Media after results miss expectations

KUALA LUMPUR (Nov 20): TA Securities downgraded its call on Star Media Group Bhd (KL:STAR) to “sell”...

Source: TheEdge

Sentiment

Govt open to technology from any country for second 5G network rollout — Fahmi

KUALA LUMPUR (Nov 20): The government has no objection to adopting technology from any country for t...

Source: TheEdge

Sentiment

Bright Packaging sees emergence of new largest shareholder after Ricky Wong 17.8% stake sale

KUALA LUMPUR (Nov 20): Bright Packaging Industry Bhd (KL:BRIGHT) has seen a change in largest shareh...

Source: TheEdge

Sentiment

Mieco returns to black in 3Q on better sales, efficiency

KUALA LUMPUR (Nov 19): Mieco Chipboard Bhd (KL:MIECO) has returned to the black with a net profit of...

Source: TheEdge

Sentiment

Wall Street falls as mounting Russia-Ukraine tensions cause jitters

BENGALURU (Nov 19): Wall Street's main indexes fell on Tuesday, as escalating tensions between Russi...

Source: TheEdge

Sentiment

IFCA MSC's 3Q profit surges on robust sales, announces plan to cap cash pile at RM70 mil

KUALA LUMPUR (Nov 19): IFCA MSC Bhd posted a sharp year-on-year increase in its third quarter net pr...

Source: TheEdge

Sentiment

Handal Energy hit with RM132.6 mil counterclaim from former JV partner

KUALA LUMPUR (Nov 19): Handal Energy Bhd (KL:HANDAL) was slapped with a RM132.6 million counterclaim...

Source: TheEdge

Sentiment

Dialog's 1QFY2025 net profit grows 14%, driven by midstream tank storage business and big drop in opex

KUALA LUMPUR (Nov 19): Dialog Group Bhd's (KL:DIALOG) net profit in the first quarter ended Sept 30,...

Source: TheEdge

Sentiment

Cape EMS posts first quarterly loss since listing amid margin pressure

KUALA LUMPUR (Nov 19): Cape EMS Bhd (KL:CEB) booked its first quarterly loss since its listing in Ma...

Source: TheEdge

Sentiment

Dutch Lady posts higher 3Q net profit on lower tax expenses but operating profit drops 16.5%

KUALA LUMPUR (Nov 19): Dutch Lady Milk Industries Bhd (KL:DLADY) reported a marginal 2.5% increase i...

Source: TheEdge

Sentiment

Hong Kong - Sailing towards a greener tomorrow

HONG KONG SAR - Media OutReach Newswire - 19 November 2024 - Global business leaders, policymakers a...

Source: TheSun

Sentiment

Teladan books record revenue in 3QFY2024; quarterly profit nearly flat

KUALA LUMPUR (Nov 19): Melaka-based property developer Teladan Group Bhd's (KL:TELADAN) revenue expa...

Source: TheEdge

Sentiment

Sime Darby Property integrates solar-powered Elmina Ridge landed homes with battery energy storage system

KUALA LUMPUR (Nov 19): Sime Darby Property Bhd (KL:SIMEPROP) is integrating the solar-powered landed...

Source: TheEdge

Sentiment

TCS Group bags RM611.3 mil job under Pan Borneo Highway

KUALA LUMPUR (Nov 19): Construction services firm TCS Group Holdings Bhd (KL:TCS) has secured a cont...

Source: TheEdge

Sentiment

APM Automotive’s 3Q net profit down 28% on forex loss

KUALA LUMPUR (Nov 19): Auto parts maker APM Automotive Holdings Bhd (KL:APM) posted a 27.94% drop in...

Source: TheEdge

Sentiment

Frozen food distributor Supreme Consolidated's 8.6 mil shares for public oversubscribed by 349 times

KUALA LUMPUR (Nov 19): Frozen food distributor Supreme Consolidated Resources Bhd (KL:SUPREME), whic...

Source: TheEdge

Sentiment

China seeks to resume direct flights with India as tensions ease

(Nov 19): Chinese Foreign Minister Wang Yi said the country wants to restore direct flights with Ind...

Source: TheEdge

Sentiment

Nvidia's options primed for US$300b price swing after earnings

NEW YORK (Nov 19): Options traders are primed for a nearly US$300-billion (RM1.34-trillion) swing in...

Source: TheEdge

Sentiment

Theta Edge enters pact with ZICT Technology for smart city solutions

KUALA LUMPUR (Nov 19): Theta Edge Bhd (KL:THETA) signed a memorandum of understanding (MOU) with Chi...

Source: TheEdge

Sentiment

Malayan Flour Mills 3Q net profit slumps 69.7% to RM7.34 mil despite higher revenue

KUALA LUMPUR (Nov 19): Malayan Flour Mills Bhd’s (MFM)(KL:MFLOUR) net profit for the third quarter e...

Source: TheEdge

Sentiment

Matrix Concepts’ Levia Residence condo in Cheras achieves 70% take-up, to have smart concierge services

KUALA LUMPUR (Nov 19): Matrix Concepts Holdings Bhd’s (KL:MATRIX) Levia Residence condominium in Che...

Source: TheEdge

Sentiment

Sam Engineering's 4Q net profit fell 24% on-year on lower revenue

KUALA LUMPUR (Nov 19): Penang-based SAM Engineering & Equipment (M) Bhd’s (KL:SAM) reported a drop o...

Source: TheEdge

Sentiment

Binastra bags RM256.45 mil M&E job for Exsim's data centre in Bukit Jalil

KUALA LUMPUR (Nov 19): Construction company Binastra Corp Bhd (KL:BNASTRA) has secured a contract wo...

Source: TheEdge

Sentiment

MASkargo partners Qatar Airways Cargo to expand capacity, connection

KUALA LUMPUR (Nov 19): MASkargo, the air cargo arm of Malaysia Aviation Group, on Tuesday said it ha...

Source: TheEdge

Sentiment

Prudential launches global AI Lab in Singapore to accelerate innovation

SINGAPORE (Nov 19): Prudential on Tuesday launched its global Artificial Intelligence (AI) Lab in Si...

Source: TheEdge

Sentiment

Star Media's 3Q profit up as radio, property biz offset print media losses

KUALA LUMPUR (Nov 19): Higher contribution from Star Media Group Bhd’s (KL:STAR) radio, property dev...

Source: TheEdge

Sentiment

Indigo to commence direct flight for Chennai-Penang route on Dec 21 — Wong

GEORGE TOWN (Nov 19): Penang’s tourism sector is set to receive a significant boost with the announc...

Source: TheEdge

Sentiment

HHRG reclaims MG Furniture, focuses on governance and performance

KUALA LUMPUR: HHRG Bhd, a leading Malaysian company in biomass materials and furniture production, o...

Source: TheSun

Sentiment

Keppel DC REIT buys data centres in Singapore’s Genting Lane for S$1b

(Nov 19): Keppel DC REIT agreed to acquire two data centre buildings in Singapore’s Genting Lane, in...

Source: TheEdge

Sentiment

Malaysian palm oil mills urged to adopt AI tech

KUALA KANGSAR (Nov 19): Palm oil mills in the country have been urged to use artificial intelligence...

Source: TheEdge

Sentiment

Airbus Helicopters eyes growth in Malaysia, Asia-Pacific amid rising emergency medical services demand

SUBANG JAYA (Nov 19): Airbus Helicopters is optimistic about its growth in Malaysia and the Asia-Pac...

Source: TheEdge

Sentiment

HHRG regains control of MG Furniture, aims to boost governance and excellence

KUALA LUMPUR: HHRG Bhd, a leading Malaysian company specialising in biomass materials manufacturing ...

Source: TheSun

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