Markets

Slippery Slope For Traditional Media, Kenanga Has No Picks

Looking into the media sector, investment house Kenanga which analyses performances of listed media companies, noted the 1QCY24 advertising expenditure (adex) of RM1.67b came in above assumption of full-year...

Keyfield, Its All About Timing

Keyfield International is poised to cash in on the offshore support vessel (OSV) boom in Malaysia, having embarked on expansion during the downcycle of the OSV market in 2014...

Global Stocks Pull Back Amid Middle East Flare Up

Global stocks have pulled back from record highs amid renewed Middle East tensions and inflation concerns. There’s a risk of further declines if Middle East tensions escalate and as...

NESTLE Leads Bursa’s Gainers As AJI Performs Lower At...

Top Gainers NOSTOCK NAMESTOCK CODELAST DONECHGVOL ('00)1NESTLE 4707124.000+1.0002,3512UTDPLT 208925.400+0.4003,4633CHINHIN 52734.890+0.3103,3364MPI 386731.100+0.2402,0345MISC 38168.010+0.18068,651 Top Losers NOSTOCK NAMESTOCK CODELAST DONECHGVOL ('00)1AJI 265818.680-0.5005062DLADY 302632.800-0.4202,9483HEIM325522.400-0.3803,4154SAM 98224.500-0.27010,8375PANAMY371918.640-0.240627 VIEW MORE 

Foreign Exchange Rates Apr 19, 2024

The closing Foreign Exchange rates (from Bank Negara) as at 5pm, Apr 19 are as presented below:   Foreign Currency UnitsBuyingSelling1 U.S. Dollar4.7814.7851 Australian Dollar3.0673.07011 Brunei Dollar3.5093.51321 Canadian Dollar3.47413.4772100 Cambodian Riel0.11730.11871...

Property

Johor Says 70% Of Forest City Properties Sold

Johor Housing Department said 70% of Forest City property development in the area has been sold over the last two years and is expected to generate interest in the...

RHB Upbeat Over Gamuda’s Aussie Energy Projects

RHB investment is maintaining a buy call on Gamuda at a target price of MYR6.30 TP, 22% upside with c.2% FY24F (Jul) yield, this comes after the company signed...

Iconic Raises RM95.6 Million Through Rights Issue, Plans For...

Iconic Worldwide Berhad announced that its Rights Issue exercise, along free warrants undertaken by the Group was oversubscribed. The exercise comprises 1,124.7 million rights shares on the basis of 2 rights...

News

Ringgit Continued To Test 4.80 Psychological Threshold

The ringgit weakened on Friday (5pm) once again trading at 4.781 against the dollar as the day before it was 4.77, so far the...

Taiwan To Discuss With US How To Use Funding After Congress Passes US$95 Billion Aid

Taiwan's defence ministry said on Sunday (Apr 21) it would discuss with the United States how to use the funding for the island included...

Major Road In Penang Closed Next Week

IJM Land has informed that it will be temporarily closing a lane and will be conducting traffic diversion on Tun Dr Lim Chong Eu...

Garuda Partners Sunway To Offer Discounted Medical Fees For Passengers

Garuda Indonesia has collaborated with Malaysia's Sunway Medical Center to provide discounted health examination fees for the Indonesian flag carrier's passengers through a programme...

China Regulators Announce Measures To Boost HK Capital Markets

China's securities regulator have announced measures to boost cooperation between the capital markets of the Chinese mainland and Hong Kong. The scope of eligible exchange-traded...

Headlines You Missed This Week: 5G Dilemma, Sapura Suspended, Palm Oil IPO

https://www.businesstoday.com.my/2024/04/20/dnb-alleges-report-on-5g-deal-breaking-down-with-telco-is-untrue https://www.businesstoday.com.my/2024/04/19/sapura-energy-applies-for-suspension-of-trading https://www.businesstoday.com.my/2024/04/19/mkh-oil-palm-ipo-garners-strong-response-being-oversubscribed-8-4-times https://www.businesstoday.com.my/2024/04/19/axiatas-sri-lanka-merger-deal-seen-as-overall-healthy-market-development https://www.businesstoday.com.my/2024/04/18/malaysias-video-gaming-industry-could-earn-rm3-billion-in-2024

Bill To Ban TikTok In US Moves Ahead In Congress

he US House of Representatives approved a Bill on Saturday (Apr 20) that would force the wildly popular social media app TikTok to divest from its...

Company Refutes Claims Of State Approved Land Transfer

Landasan Lumayan Sdn Bhd has refuted the claims made by oppositions that the state government had approved the transfer of land to its sister...

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Trade

Ringgit Continued To Test 4.80 Psychological Threshold

The ringgit weakened on Friday (5pm) once again trading at 4.781 against the dollar...

Malaysia Records Another Month Of Trade Surplus

The Department of Statistic said Malaysia's trade performed steadily in March 2024, mainly attributable...

DOSM Estimates Malaysia’s GDP Grew 3.9% In Q1

Department of Statistics said Malaysia's advance GDP estimates grew better in the first quarter...

Ringgit Nearly Breaches Its All Time Low

The ringgit once again traded close to the psychological threshold of 4.800/USD, nearly breaching...

Malaysia’s 2024 Q1 Trade Hits RM690 Billion With March...

Matrade has released Malaysia's 2024 Q1 trade figures, notably the country recorded the highest...

Current Account Balance And Influence On The Ringgit

MARC Ratings released its multi-part series, dissecting drivers of currency phenomena, including: i) interest...

Bank Negara’s Approach To Ringgit Receives Validation

After a short break, the Malaysian Ringgit (MYR) is again under stress and close...

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