Pharmaniaga Bhd returned to the black after two consecutive quarters of losses, thanks to higher revenue and cost control measures that lowered expenses.

Pharmaniaga returns to the black after two quarters of losses

Elon Musk's artificial intelligence (AI) startup xAI has raised US$6 billion (RM28.24 billion) in a Series B funding round backed by investors including Andreessen Horowitz and Sequoia Capital among others, the company said in a blog post on Sunday.

Elon Musk's xAI raises US$6b in fresh funding

theedgemalaysia.com highlighted one stock with positive momentum and 13 stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

Southern Score, K-One, Harbour-Link, DNeX, Glomac, Evergreen, JCY, Censof, Ranhill, Country Heights, Khee San, Eurospan, MESB, RGT

The Malaysia Forest Fund (MFF) on Monday launched its Forest Conservation Certificate (FCC), which is a non-market mechanism to channel funds from the private sector to support forest conservation projects in the country.

Malaysia launches Forest Conservation Certificate

IN 2018, CIMB Group Holdings Bhd (KL:CIMB) forged a joint venture with China Galaxy Securities Co Ltd, signalling an ambitious expansion in the stockbroking space, only to completely exit the partnership in 2023 and acquire KAF Equities Sdn Bhd to reinstate its in-house stockbroking arm — a move ...

CIMB Securities a strategic rebirth, not U-turn, says CEO

Family businesses in Malaysia place relatively equal importance on incorporating family relationships, family entrepreneurship, and future generations in their commitment to maintaining an entrepreneurial legacy across generations, said KPMG in Malaysia.

KPMG: Malaysian family businesses prioritise transgenerational entrepreneurship

KUALA LUMPUR (May 27): Aesthetic medical services provider DC Healthcare Holdings Bhd (KL:DCHCARE) reported on Monday, its third consecutive quarter of net loss, amid a lower redemption rate in its core business.

DC Healthcare posts third consecutive quarter of net loss in 1QFY2024

In line with its global commitment to promote sustainable mobility solutions, one of China’s leading automobile manufacturers, Great Wall Motor Co Ltd (GWM), is going full steam ahead to expand its product line-up with the introduction of more environment-friendly vehicles in Malaysia.

Entering A New Era With One GWM

Powerwell Holdings Bhd (KL:PWRWELL) has bagged two purchase orders worth a total of RM57.61 million from a “renowned multinational technology corporation” specialising in data centres.

Powerwell bags RM57.6m data centre job to install switchboards, power panels

FUELLED by investor optimism, Bursa Malaysia’s benchmark index the FBM KLCI is up more than 10% year to date (YTD), outperforming most of its regional peers.

Of the top 100 companies by market capitalisation (exceeding RM3.2 billion), a third are trading above Bloomberg’s consensus targ...

1Q earnings performance key to sustaining market rally

Asian shares edged higher on Monday, as investors braced for a busy week of data, which culminates in a key US inflation report that could set the stage for a cut in interest rates there, albeit not for a few months yet.

Asian shares nudge higher as US, EU inflation data loom

AMMB Holdings Bhd's (KL:AMBANK) net profit for the financial year ended March 31, 2024 (FY2024) rose 9.4% year-on-year (y-o-y) to RM1.87 billion from RM1.71 billion despite lower revenue of RM4.65 billion versus RM4.71 billion.

AMMB posts 9% rise in FY2024 net profit, declares 16.6 sen dividend

(May 27): Healthtech may prove to be the bright spots for companies such as Alibaba Health Information Technology Ltd and Apollo Hospitals Enterprise Ltd, amid a post-pandemic lull.

Asia’s healthcare firms look towards digital sales for growth in post-Covid era

KIP Real Estate Investment Trust (KL:KIPREIT), which mainly manages retail properties, said on Monday it plans to acquire seven-floor DPulze Shopping Centre for RM320 million.

KIP REIT to acquire DPulze Shopping Centre for RM320 mil

Melaka recorded 5.12 million tourist arrivals between January and April this year in conjunction with the Visit Melaka Year 2024 (VMY2024).

Melaka records 5.12 mil tourist arrivals as of April

GEORGE TOWN (May 27): The Penang government aims to make the state a global high-tech hub, to ensure that it remains competitive internationally in the semiconductor sector.

Chow: Penang aims to become global high-tech hub

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds six entities to Investor Alert List, four being potential clones

KUALA LUMPUR (May 27): Shares in BP Plastics Holding Bhd (KL:BPPLAS) nearly erased this month’s gain, after the packaging company reported an 8.1% year-on-year decline in net profit for the first quarter.

BP Plastics’ shares nearly wipe out May’s gain after 1Q results

A group of minority holders of Great Eastern Holdings Ltd&nbsp;are resisting the S$1.4 billion (US$1 billion or RM4.88 billion) takeover bid from Oversea-Chinese Banking Corp (OCBC), opening a new front in a long-standing fight between shareholder activists and Singapore’s second-largest lender.&nbsp;

Great Eastern’s holders seeking better offer from OCBC

Analysts foresee Gamuda Bhd (KL:GAMUDA) to bag more project portfolios in the data centre (DC) sector, after the engineering and construction company recently secured contracts for the construction of a hyperscale DC in Elmina Business Park, with a combined value of RM1.7 billion.

Analysts see Gamuda clinching more hyperscale data centre projects

Shares in Sports Toto Bhd (KL:SPTOTO) rose to their highest in 18 months,&nbsp;after the lottery operator reported quarterly results that came in stronger than expected.

Sports Toto rises to 18-month high on above-view 3Q results

The prosecution notified the High Court on Monday that 20 witnesses are scheduled to testify in Datuk Seri Najib Razak’s RM27 million money laundering&nbsp;trial in relation to SRC International Sdn Bhd, which is scheduled to begin from Sept 17 for five days.

Twenty witnesses to testify in Najib's second SRC trial from Sept 17, prosecution tells court

AMMB Holdings Bhd's (KL:AMBANK) net profit for the financial year ended March 31, 2024 (FY2024) rose 9.4% year-on-year (y-o-y) to RM1.87 billion from RM1.71 billion despite lower revenue of RM4.65 billion versus RM4.71 billion.

KUALA LUMPUR (May 27): Fertilizer company Cropmate Bhd has filed for an initial public offering (IPO) on Bursa Malaysia’s ACE Market to raise funds, including to part finance the acquisition of two factories for nearly RM30 million.

The proposed IPO comprises a public issue of 210 milli...

Cropmate files for ACE Market IPO

Logistics software company Total Dynamic Holdings Bhd (KL:DYNAMIC) debuted at 27.5 sen on Bursa Malaysia’s Leading Entrepreneur Accelerator Platform (LEAP) Market on Monday.&nbsp;

Total Dynamic rises 37.5% on LEAP Market debut

The Attorney General’s Chambers (AGC), representing the government and the Federal Territory Pardons Board, is objecting to an affidavit filed by Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail, who alleged that Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz had informed him of an addendum to Datuk Seri Najib Razak’s pardon bid.

Govt and Pardons Board object to two latest affidavits, one by Pahang MB, over purported addendum to Najib’s pardon bid

Resorts World Genting (RWG) will be hosting a specially curated trade show that spotlights key segments of the green economy and sustainable futures at its inaugural Genting SustainBiz F&amp;B Expo.

Resorts World Genting to host inaugural green F&B trade show

RHB Retail Research said KGW Group Bhd (KL:KGW) had staged a bullish breakout, eyeing to extend the upside movement as the counter climbed above the 20 sen resistance on the back of high volume.

KGW staged a bullish breakout, says RHB Retail Research

There is nothing wrong with Khazanah Nasional Bhd taking Malaysia Airports Holdings Bhd (MAHB) private together with the Employees Provident Fund (EPF) and GIP Aurea Pte Ltd.

But how GIP was chosen and what it brings to the table is something that Khazanah should explain to give the pro...

Alternative Views — MAHB: Ignore politically flavoured criticisms, but Khazanah should explain how ADIA and GIP will add value

Foreign buying of Malaysian equities was sustained for the fifth consecutive week, albeit dropping 46% to RM474.1 million last week, from RM873.9 million the prior week, during a shortened trading period, in conjunction with the Wesak Day holiday last Wednesday.

Foreign buying of M'sian equities dropped 46% to RM474m last week, says MIDF

Shares in the electric vehicle (EV) unit of embattled real estate developer China Evergrande Group more than doubled, after it said liquidators are in talks with a potential buyer to take a stake in the company, and may also extend a new line of credit to support production.

Evergrande's EV unit surges as potential buyer found

KIP Real Estate Investment Trust (KL:KIPREIT), which mainly manages retail properties, said on Monday it plans to acquire seven-floor DPulze Shopping Centre for RM320 million.

Kerjaya Prospek Group Bhd (KL:KERJAYA) has bagged a contract worth RM567.73 million in Penang.

In a bourse filing on Monday, Kerjaya Prospek said its unit Future Rock Sdn Bhd had accepted a letter of award from Tanjung Pinang Development Sdn Bhd (TPD) for the execution and completion of reclamation and dredging works for Seri Tanjung Pinang (Phase 2B and 2C) development Penang.

Kerjaya Prospek bags RM568 mil contract in Penang

Saudi Arabia is planning a multibillion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region's biggest stock deals, two people familiar with the matter said.

Saudi Arabia plans Aramco share sale as soon as June, Reuters reports

A total of 11,713 candidates who sat for the 2023 Sijil Pelajaran Malaysia (SPM) examination obtained excellent results with&nbsp;grades A+, A and A- in all subjects, said Education&nbsp;director general&nbsp;Azman Adnan.

Straight As for 11,713 SPM candidates in 2023, says Education DG

Powerwell Holdings Bhd (KL:PWRWELL) has bagged two purchase orders worth a total of RM57.61 million from a “renowned multinational technology corporation” specialising in data centres.

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