Johor-Singapore SEZ: Will third time be the charm? - The Business Times
https://www.businesstimes.com.sg/opinion-features/johor-singapore-sez-will-third-time-be-charm
https://www.businesstimes.com.sg/opinion-features/johor-singapore-sez-will-third-time-be-charm
The Business Times
Johor-Singapore SEZ: Will third time be the charm?
THE formal launch of the Johor-Singapore Special Economic Zone (JS-SEZ) has generated a flurry of interest from businesses and industry stakeholders keen to be part of what many are calling a “game changer” in economic cooperation between the two neighbours.
Forwarded from Bursa Malaysia (Atiqah R)
15 stocks will have their dividend ex-dates in February 2025, including 1 stock which have proposed a special dividend.
#BursaDigitalResearch
#BursaDigitalResearch
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 3Feb25
Dow Jones: 44,544.66 pts (-337.47pts, -0.75%)
⬆️ Resistance: 46000
⬇️ Support: 43200
FBM KLCI: 1,556.92 pts (+4.23pts, +0.27%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,225.11 pts (+27.34pts, +0.14%)
⬆️ Resistance: 20800
⬇️ Support: 19800
Crude Palm Oil: RM4,289 (+RM10, +0.23%)
⬆️ Resistance: 4410
⬇️ Support: 4110
Brent Oil: $75.67 (-$0.22, -0.29%)
⬆️ Resistance: 80.60
⬇️ Support: 74.50
Gold: $2,798.41 (+$3.82, +0.14%)
⬆️ Resistance: 2880
⬇️ Support: 2680
Source: Bloomberg, M+
Dow Jones: 44,544.66 pts (-337.47pts, -0.75%)
⬆️ Resistance: 46000
⬇️ Support: 43200
FBM KLCI: 1,556.92 pts (+4.23pts, +0.27%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,225.11 pts (+27.34pts, +0.14%)
⬆️ Resistance: 20800
⬇️ Support: 19800
Crude Palm Oil: RM4,289 (+RM10, +0.23%)
⬆️ Resistance: 4410
⬇️ Support: 4110
Brent Oil: $75.67 (-$0.22, -0.29%)
⬆️ Resistance: 80.60
⬇️ Support: 74.50
Gold: $2,798.41 (+$3.82, +0.14%)
⬆️ Resistance: 2880
⬇️ Support: 2680
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 03Feb25
Volatility To Rise After Trump’s Tariffs
The FBMKLCI recovered slightly from its downward pressure as bargain hunting activities were seen in banking and utility heavyweights. Meanwhile, Wall Street closed lower following President Trump’s tariffs implementation on Canada, Mexico, and China, which took effect on Saturday. Technology sector remained a key focus driven by the rise of China’s AI startup, DeepSeek. This week, traders will closely monitor the (i) ISM Manufacturing and Non-Manufacturing PMIs, (ii) initial jobless claims, and (iii) US unemployment rate. In the commodities market, Brent Crude is trading close to USD76 per barrel, while gold prices charged toward an all-time high of USD2,817 before closing slightly below the USD2,800 mark. Meanwhile, CPO prices broke above their short term RM4,278 resistance level.
Sector Focus: Given last Friday’s sell-offs in Wall Street and the ongoing negative sentiment in Wall Street futures following President Trump’s tariff remarks, we expect the local bourse to mirror the US performance. Investors are likely to shift toward defensive sector like REIT in view of their defensive characteristic and strong quarterly performances due to higher net property income. Meanwhile, we believe renewable energy will remain on traders’ radar, driven by various government initiatives, including NETR and LSS and CGPP.
Stocks to watch:
Utility: MNHLDG, *SCGBHD*
Technology: *RAMSSOL*
Gold: *AUMAS*
Construction: BNASTRA
Consumer: *GCB*
Building Material: *UNIQUE*
Source: M+
Volatility To Rise After Trump’s Tariffs
The FBMKLCI recovered slightly from its downward pressure as bargain hunting activities were seen in banking and utility heavyweights. Meanwhile, Wall Street closed lower following President Trump’s tariffs implementation on Canada, Mexico, and China, which took effect on Saturday. Technology sector remained a key focus driven by the rise of China’s AI startup, DeepSeek. This week, traders will closely monitor the (i) ISM Manufacturing and Non-Manufacturing PMIs, (ii) initial jobless claims, and (iii) US unemployment rate. In the commodities market, Brent Crude is trading close to USD76 per barrel, while gold prices charged toward an all-time high of USD2,817 before closing slightly below the USD2,800 mark. Meanwhile, CPO prices broke above their short term RM4,278 resistance level.
Sector Focus: Given last Friday’s sell-offs in Wall Street and the ongoing negative sentiment in Wall Street futures following President Trump’s tariff remarks, we expect the local bourse to mirror the US performance. Investors are likely to shift toward defensive sector like REIT in view of their defensive characteristic and strong quarterly performances due to higher net property income. Meanwhile, we believe renewable energy will remain on traders’ radar, driven by various government initiatives, including NETR and LSS and CGPP.
Stocks to watch:
Utility: MNHLDG, *SCGBHD*
Technology: *RAMSSOL*
Gold: *AUMAS*
Construction: BNASTRA
Consumer: *GCB*
Building Material: *UNIQUE*
Source: M+
*Market News on 3 February 2025*
Dow futures drop 500 points after Trump hits Canada, Mexico and China with tariffs (CNBC)
Trump’s 25% tariffs on Mexico and Canada to challenge the global auto industry (CNBC)
Key Fed measure shows core inflation at 2.8%, in line with expectations (CNBC)
Trump and Nvidia CEO discuss DeepSeek, AI chip exports during meeting, source says (Reuters)
Trump Threatens 100% Tariff On BRICS Nations Over New Currency Plans (Business Today)
Trump says tariff may cause short-term disruption (Reuters)
Govt Could Consider Adjusting Minimum Wage Levels Based On Region (Business Today)
KWAP Disposes Over 1 Million Shares In *KPJ Healthcare* (Business Today)
*Cypark*’s Kelantan 60 MWac Floating Solar Plant Now Fully Delivers To The Grid (Business Today)
*Lebtech* Awarded Housing Job Worth RM21 Million By Brighton Land (Business Today)
Lembaga Tabung Haji emerges as substantial shareholder of *Focus Point* (The Edge)
*Compugates* to jointly develop Cyberjaya land into RM1.36 bil GDV project (The Edge)
*DXN* scraps plans to develop medicine facility and wellness centre (The Edge)
*Weststar* Signs US$40 Million Helicopter Service Contract In Timor-Leste (Business Today)
TechStore Assigned 80% Premium Over IPO Price (Business Today)
Dow futures drop 500 points after Trump hits Canada, Mexico and China with tariffs (CNBC)
Trump’s 25% tariffs on Mexico and Canada to challenge the global auto industry (CNBC)
Key Fed measure shows core inflation at 2.8%, in line with expectations (CNBC)
Trump and Nvidia CEO discuss DeepSeek, AI chip exports during meeting, source says (Reuters)
Trump Threatens 100% Tariff On BRICS Nations Over New Currency Plans (Business Today)
Trump says tariff may cause short-term disruption (Reuters)
Govt Could Consider Adjusting Minimum Wage Levels Based On Region (Business Today)
KWAP Disposes Over 1 Million Shares In *KPJ Healthcare* (Business Today)
*Cypark*’s Kelantan 60 MWac Floating Solar Plant Now Fully Delivers To The Grid (Business Today)
*Lebtech* Awarded Housing Job Worth RM21 Million By Brighton Land (Business Today)
Lembaga Tabung Haji emerges as substantial shareholder of *Focus Point* (The Edge)
*Compugates* to jointly develop Cyberjaya land into RM1.36 bil GDV project (The Edge)
*DXN* scraps plans to develop medicine facility and wellness centre (The Edge)
*Weststar* Signs US$40 Million Helicopter Service Contract In Timor-Leste (Business Today)
TechStore Assigned 80% Premium Over IPO Price (Business Today)
Forwarded from Trade With Maybank
Malakoff‘s Latest Solar Acquisitions
On 31 Jan’25, Malakoff Corporation (MALAKOF) announced in a Bursa Malaysia filing that it’s acquiring a 51% stake in ZEC Solar and a 49% stake in TJZ Suria, boosting MALAKOF renewable energy capacity to 159MW.
In the same time, MALAKOFF has also secured solar power purchase agreements with key industry players, including DRB Hicom (DRBHCOM) and SIME UMW.
MALAKOF’s CEO further emphasized the company's commitment to renewable energy by highlighting MALAKOF’s 84MW Sungai Galas hydropower project.
Investors bullish on MALAKOF may consider MALAKOFC58 which has a sensitivity of 1.9 ticks, the most responsive of all MALAKOF Structured Warrants listed on Bursa Malaysia.
#DailyHighlights
On 31 Jan’25, Malakoff Corporation (MALAKOF) announced in a Bursa Malaysia filing that it’s acquiring a 51% stake in ZEC Solar and a 49% stake in TJZ Suria, boosting MALAKOF renewable energy capacity to 159MW.
In the same time, MALAKOFF has also secured solar power purchase agreements with key industry players, including DRB Hicom (DRBHCOM) and SIME UMW.
MALAKOF’s CEO further emphasized the company's commitment to renewable energy by highlighting MALAKOF’s 84MW Sungai Galas hydropower project.
Investors bullish on MALAKOF may consider MALAKOFC58 which has a sensitivity of 1.9 ticks, the most responsive of all MALAKOF Structured Warrants listed on Bursa Malaysia.
#DailyHighlights
MWM Group Channel
https://www.thestar.com.my/business/business-news/2025/02/03/trading-ideas-malakoff-focus-point-compugates-citaglobal-awanbiru-lebtech-dxn-public-bank-hong-leong-bank-lagenda-scomi-energy-cypark-smile-link-vizione
Malakoff Corporation Bhd
has completed its acquisition of ZEC Solar Sdn Bhd and TJZ Suria Sdn Bhd, which will immediately increase the group’s effective capacity to 159MW in the renewable energy sector and optimise operational costs through resource synergies.
Focus Point Holdings Bhd
Lembaga Tabung Haji has emerged as a substantial shareholder of optical retail chain operator Focus Point Holdings Bhd with a total stake of 5.02% or 23.2mn shares.
Compugates Holdings Bhd
has teamed up with property developer CPG Puncak Sdn Bhd to undertake a mixed-use development on a 14.5-hectare land in Cyberjaya with an estimated gross development value of RM1.4bn.
Citaglobal Bhd
has entered into eight separate sale and purchase agreements with Puncak Hartanah Intelek Sdn Bhd to dispose of an eight-storey office building for RM25.0mn.
Lebtech Bhd
has secured two separate contracts worth a total of RM26.4mn for the development of 104 two-storey terrace houses in Shah Alam, Selangor and various components of construction and water-related works in Klang, Selangor.
DXN Holdings Bhd
is terminating its plan to develop a medicine facility and a wellness centre in Malaysia due to a lack of progress and failure to achieve the expected benefits.
Public Bank Bhd
is extending repayment relief for loan and financing customers who have been affected by the present floods in Sabah and Sarawak.
Hong Leong Bank Bhd
announced a comprehensive flood relief assistance programme to support customers in Sabah and Sarawak affected by the recent floods.
Lagenda Properties Bhd
remains upbeat on the outlook of the affordable housing segment in Malaysia, underpinned by consistent, high demand for such properties.
Scomi Energy Services Bhd
’s executive director Amirul Azhar Baharom has resigned from his post “to pursue personal interest” with immediate effect.
Cypark Resources Bhd
s floating solar plant Danau Tok Uban 1 in Pasir Mas, Kelantan, has achieved its commercial operations date with generation capacity of 30MW.
Smile-Link Healthcare Global Bhd
is in the process of selecting a new auditor to finalise its financial statements for the period ended June 30, 2024.
Vizione Holdings Bhd
slipped into the red with a net loss of RM79.7mn for 2QFY25, reversing from a net profit of RM243,000 a year ago, due to an RM80.0mn impairment of goodwill on consolidation of its shares during the quarter.
has completed its acquisition of ZEC Solar Sdn Bhd and TJZ Suria Sdn Bhd, which will immediately increase the group’s effective capacity to 159MW in the renewable energy sector and optimise operational costs through resource synergies.
Focus Point Holdings Bhd
Lembaga Tabung Haji has emerged as a substantial shareholder of optical retail chain operator Focus Point Holdings Bhd with a total stake of 5.02% or 23.2mn shares.
Compugates Holdings Bhd
has teamed up with property developer CPG Puncak Sdn Bhd to undertake a mixed-use development on a 14.5-hectare land in Cyberjaya with an estimated gross development value of RM1.4bn.
Citaglobal Bhd
has entered into eight separate sale and purchase agreements with Puncak Hartanah Intelek Sdn Bhd to dispose of an eight-storey office building for RM25.0mn.
Lebtech Bhd
has secured two separate contracts worth a total of RM26.4mn for the development of 104 two-storey terrace houses in Shah Alam, Selangor and various components of construction and water-related works in Klang, Selangor.
DXN Holdings Bhd
is terminating its plan to develop a medicine facility and a wellness centre in Malaysia due to a lack of progress and failure to achieve the expected benefits.
Public Bank Bhd
is extending repayment relief for loan and financing customers who have been affected by the present floods in Sabah and Sarawak.
Hong Leong Bank Bhd
announced a comprehensive flood relief assistance programme to support customers in Sabah and Sarawak affected by the recent floods.
Lagenda Properties Bhd
remains upbeat on the outlook of the affordable housing segment in Malaysia, underpinned by consistent, high demand for such properties.
Scomi Energy Services Bhd
’s executive director Amirul Azhar Baharom has resigned from his post “to pursue personal interest” with immediate effect.
Cypark Resources Bhd
s floating solar plant Danau Tok Uban 1 in Pasir Mas, Kelantan, has achieved its commercial operations date with generation capacity of 30MW.
Smile-Link Healthcare Global Bhd
is in the process of selecting a new auditor to finalise its financial statements for the period ended June 30, 2024.
Vizione Holdings Bhd
slipped into the red with a net loss of RM79.7mn for 2QFY25, reversing from a net profit of RM243,000 a year ago, due to an RM80.0mn impairment of goodwill on consolidation of its shares during the quarter.
Forwarded from Macquarie Warrants Malaysia
Asian markets trade in sea of red on first volley of US tariffs
• Asian indices are opening in the red on its first full week of trading following the Lunar New Year break. The Hang Seng Index February futures are 1.7% lower to 19,987 as of 1037AM, the Hang Seng Tech Feb futures down 1.4% to 4,638 while the Nikkei225 March futures are down 2.8% to 38,510. The gloomy open matches the 2% drop in US index futures of Nasdaq and S&P.
• Consequently, put warrants are amongst the top gainers this morning, with the two US index put warrants tracking the Nasdaq-100 and S&P500 up more than 45%, while put warrants tracking the Nikkei225 are 25% to 34% higher.
• The fall in the indices reflect the reaction to Trump's executive orders on Saturday which placed an additional 25% tariff on all goods imported from Mexico and Canada (excluding energy at 10%) as well as an additional 10% tariff on Chinese imports. The rationale is tied to "an extraordinary threat posed by illegal aliens and drugs" rather than specific trade issues, though trade deficits with these countries were cited.
• The order states that tariffs will remain in place "until the crisis is alleviated." The only guideline as to what this would entail is "upon the President’s determination of sufficient action to alleviate the crisis." This implies a highly subjective interpretation of if China can ever comply.
• At the same time, the order notes that retaliation could "increase or expand in scope the duties imposed." This implies that the US is already looking to further increase trade tensions. China may take a more moderate approach to potential negotiations and may not look to further worsen trade ties.
• Following the additional tariffs imposed, Canadian Prime Minister Justin Trudeau unveiled a 25% counter-tariff on $107 billion of US goods, while Mexican leader Claudia Sheinbaum pledged retaliatory levies.
• China’s reaction was more muted. China's Commerce Ministry issued a statement expressing strong “dissatisfaction” and vowing “corresponding countermeasures,” without elaborating. It pledged to file a complaint at the World Trade Organization and called on the US to “manage differences on the basis of equality, mutual benefit and mutual respect.”
• Some analysts believe that Trump’s action “is less severe than market participants and Chinese policymakers feared,” while others think there may be potential for more antagonistic actions against China in the future given several prominent hawks in the current administration.
• Investors worried about further pullbacks in global markets can consider using put warrants to hedge against downside moves. View their live matrix here.
• Asian indices are opening in the red on its first full week of trading following the Lunar New Year break. The Hang Seng Index February futures are 1.7% lower to 19,987 as of 1037AM, the Hang Seng Tech Feb futures down 1.4% to 4,638 while the Nikkei225 March futures are down 2.8% to 38,510. The gloomy open matches the 2% drop in US index futures of Nasdaq and S&P.
• Consequently, put warrants are amongst the top gainers this morning, with the two US index put warrants tracking the Nasdaq-100 and S&P500 up more than 45%, while put warrants tracking the Nikkei225 are 25% to 34% higher.
• The fall in the indices reflect the reaction to Trump's executive orders on Saturday which placed an additional 25% tariff on all goods imported from Mexico and Canada (excluding energy at 10%) as well as an additional 10% tariff on Chinese imports. The rationale is tied to "an extraordinary threat posed by illegal aliens and drugs" rather than specific trade issues, though trade deficits with these countries were cited.
• The order states that tariffs will remain in place "until the crisis is alleviated." The only guideline as to what this would entail is "upon the President’s determination of sufficient action to alleviate the crisis." This implies a highly subjective interpretation of if China can ever comply.
• At the same time, the order notes that retaliation could "increase or expand in scope the duties imposed." This implies that the US is already looking to further increase trade tensions. China may take a more moderate approach to potential negotiations and may not look to further worsen trade ties.
• Following the additional tariffs imposed, Canadian Prime Minister Justin Trudeau unveiled a 25% counter-tariff on $107 billion of US goods, while Mexican leader Claudia Sheinbaum pledged retaliatory levies.
• China’s reaction was more muted. China's Commerce Ministry issued a statement expressing strong “dissatisfaction” and vowing “corresponding countermeasures,” without elaborating. It pledged to file a complaint at the World Trade Organization and called on the US to “manage differences on the basis of equality, mutual benefit and mutual respect.”
• Some analysts believe that Trump’s action “is less severe than market participants and Chinese policymakers feared,” while others think there may be potential for more antagonistic actions against China in the future given several prominent hawks in the current administration.
• Investors worried about further pullbacks in global markets can consider using put warrants to hedge against downside moves. View their live matrix here.
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Market Slips Amid Tariff Concerns
The FBM KLCI is trending downward today after a brief rebound last Friday, following the US president's decision to impose import tariffs on Canada, Mexico, and China. Market sentiment remains weak, with risk-off sectors in the red except for healthcare. Glove counters dominated healthcare trading activity, while the construction sector continues to show strength, led by GAMUDA and IJM. Meanwhile, LEBTECH secured a MYR 21 million contract in Selangor. Key events to watch this week include BNM's international reserves update and the US Non-Farm Payroll report on 7 Feb (Friday).
With construction gaining momentum, analysts highlighted PRTASCO (Resistance: MYR 0.430; Stop Loss: MYR 0.320) as a trading opportunity in today’s Traders’ Almanac post. For more insights, check the full report in the Insights tab on your Maybank Trade MY app.
Trade Your Way Forward. Simple, Smart, Seamless.
#Middayrecap
The FBM KLCI is trending downward today after a brief rebound last Friday, following the US president's decision to impose import tariffs on Canada, Mexico, and China. Market sentiment remains weak, with risk-off sectors in the red except for healthcare. Glove counters dominated healthcare trading activity, while the construction sector continues to show strength, led by GAMUDA and IJM. Meanwhile, LEBTECH secured a MYR 21 million contract in Selangor. Key events to watch this week include BNM's international reserves update and the US Non-Farm Payroll report on 7 Feb (Friday).
With construction gaining momentum, analysts highlighted PRTASCO (Resistance: MYR 0.430; Stop Loss: MYR 0.320) as a trading opportunity in today’s Traders’ Almanac post. For more insights, check the full report in the Insights tab on your Maybank Trade MY app.
Trade Your Way Forward. Simple, Smart, Seamless.
#Middayrecap
Forwarded from M+ On-The-Go
M+ Market Wrap - 3Feb25
FBM KLCI: 1,553.63 pts (-3.29pts, -0.21%)
The FBMKLCI (-0.21%) mirrored the sluggish overnight performance in the US and closed lower at 1,553.63 pts, with heavyweights like PCHEM (-24.0 sen) and YTLPOWR (-8.0 sen) dragging the key index. The market breadth was also negative, with 589 losers against 382 winners. In the broader market, the Healthcare (+2.49%) sector gained the most, as President Trump’s tariffs on China boosted sentiment for local glove counters. Meanwhile, the Industrial Products & Services (-0.99%) sector declined the most.
Top 3 Active stocks:
COMPUGT (5037): RM0.015 (+0.5 sen)
SUPERMX (7106): RM1.220 (+15.0 sen)
KAB (0193): RM0.325 (-0.5 sen)
Volume: 2.08 bn (100-bar avg vol: 2.96 bn)
Value: RM1.75 bn (100-bar avg val: RM2.71 bn)
Market Breadth: ⬆️382 ⬇️589
Crude palm oil: RM4,391 (+RM102)
Dow Futures: 44,182 pts (-516 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,553.63 pts (-3.29pts, -0.21%)
The FBMKLCI (-0.21%) mirrored the sluggish overnight performance in the US and closed lower at 1,553.63 pts, with heavyweights like PCHEM (-24.0 sen) and YTLPOWR (-8.0 sen) dragging the key index. The market breadth was also negative, with 589 losers against 382 winners. In the broader market, the Healthcare (+2.49%) sector gained the most, as President Trump’s tariffs on China boosted sentiment for local glove counters. Meanwhile, the Industrial Products & Services (-0.99%) sector declined the most.
Top 3 Active stocks:
COMPUGT (5037): RM0.015 (+0.5 sen)
SUPERMX (7106): RM1.220 (+15.0 sen)
KAB (0193): RM0.325 (-0.5 sen)
Volume: 2.08 bn (100-bar avg vol: 2.96 bn)
Value: RM1.75 bn (100-bar avg val: RM2.71 bn)
Market Breadth: ⬆️382 ⬇️589
Crude palm oil: RM4,391 (+RM102)
Dow Futures: 44,182 pts (-516 pts)
**Source: Bloomberg, M+**
Forwarded from MWM Technical View Channel
‼️ Upcoming Share Consolidation Exercise ‼️
TALAM TRANSFORM BERHAD :
TALAMT (2259)
Ratio: Every 5 Ordinary Shares into 1 Consolidated Share
Ex-Date : 4 February 2025
TALAM TRANSFORM BERHAD :
TALAMT (2259)
Ratio: Every 5 Ordinary Shares into 1 Consolidated Share
Ex-Date : 4 February 2025