MSCI removes Genting Malaysia, Inari from Malaysia Index
https://theedgemalaysia.com/node/744028
https://theedgemalaysia.com/node/744028
The Edge Malaysia
MSCI pushes out Genting Malaysia, Inari from main country benchmark into small cap index
KUALA LUMPUR (Feb 12): Gaming and resort operator Genting Malaysia Bhd (KL:GENM) and semiconductor services firm Inari Amertron Bhd (KL:INARI) have been removed from the MSCI Malaysia Index in the February review.
Raising the stakes towards a trillion-dollar chip industry
https://theedgemalaysia.com/node/743902
https://theedgemalaysia.com/node/743902
The Edge Malaysia
Raising the stakes towards a trillion-dollar chip industry
Since the invention of the transistor nearly 70 years ago, semiconductors have been the driving force behind technological advancements and transformative changes across industries worldwide. From personal computing and smartphones to data centres and cloud…
Forwarded from Trade With Maybank
Malaysia’s Construction Work Done Value up by 20.2% in 2024
Department of Statistics Malaysia (DOSM) reported that the value of total construction work done in Malaysia in 2024 grew 20.2% to MYR158.8 billion YoY.
This was primarily driven by the special trade activities and residential building sub-sectors which recorded increase of 44.9% and 38.9% YoY respectively.
The private sector remained a resilient driver of growth in 4Q24, contributing MYR27 billion or 64.2% of the total value of work done.
Bullish investors looking for leveraged exposure on the construction sector may consider Call Warrants such as EKOVEST-C66, MAHSING-C74 and UEMS-C1L, which costs only a fraction of the share price.
#DailyHighlights
Department of Statistics Malaysia (DOSM) reported that the value of total construction work done in Malaysia in 2024 grew 20.2% to MYR158.8 billion YoY.
This was primarily driven by the special trade activities and residential building sub-sectors which recorded increase of 44.9% and 38.9% YoY respectively.
The private sector remained a resilient driver of growth in 4Q24, contributing MYR27 billion or 64.2% of the total value of work done.
Bullish investors looking for leveraged exposure on the construction sector may consider Call Warrants such as EKOVEST-C66, MAHSING-C74 and UEMS-C1L, which costs only a fraction of the share price.
#DailyHighlights
Forwarded from CGS International Securities Malaysia
*Corporate news*
*Keyfield International Bhd* has bagged two contracts worth a total of RM56m for vessel charter jobs from Petronas Carigali Sdn Bhd. (The Edge Malaysia)
*MGB Bhd* has secured a contract worth RM194.7m to undertake the construction of a 22-storey serviced apartment in Cameron Highlands. This raises the construction and property developer’s outstanding order book to RM1.3bn, according to its bourse filing on Monday. MGB — in which *LBS Bina Group Bhd* owns a 57.7% stake — said the contract was awarded to MGB's wholly-owned unit MGB Construction & Engineering Sdn Bhd by LYK Architect Sdn Bhd, on behalf of Casa Inspirasi Sdn Bhd. (The Edge Malaysia)
*Kumpulan Kitacon Bhd* announced on Monday that it has secured a RM104.3m building works contract. The contract was awarded to its wholly owned unit Kitacon Sdn Bhd by Sime Darby Property (BBR3 Asset 1) Sdn Bhd, a wholly owned subsidiary of *Sime Darby Property Bhd*. (The Edge Malaysia)
*Divfex Bhd*’s 51%-owned subsidiary Excel Commerce Solutions Sdn Bhd has clinched a new letter of award valued at RM18.5m to supply and install data centre equipment systems. The project, which was awarded by Extreme Broadband Sdn Bhd, is set to commence this month and expected to be completed by August, said Divfex in a filing with Bursa Malaysia on Monday. (The Edge Malaysia)
*Pantech Global Bhd*, which manufactures pipe fittings and welded pipes, has opened application for its Main Market IPO at 68 sen per share. The IPO, which entails the issuance of 262.2m new shares, is expected to raise over RM178m to fund its expansion plans, according to the prospectus released. There is no separate offer for sale of existing shares. Application for the IPO closes on 19 Feb 2025, and Pantech Global is scheduled to be listed on 3 March 2025. (The Edge Malaysia)
*TMC Life Sciences Bhd* has named Datuk Adzuan Abdul Rahman as the hospital operator’s new CEO effective immediately. (The Edge Malaysia)
*12th Feb 2025*
Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
*Keyfield International Bhd* has bagged two contracts worth a total of RM56m for vessel charter jobs from Petronas Carigali Sdn Bhd. (The Edge Malaysia)
*MGB Bhd* has secured a contract worth RM194.7m to undertake the construction of a 22-storey serviced apartment in Cameron Highlands. This raises the construction and property developer’s outstanding order book to RM1.3bn, according to its bourse filing on Monday. MGB — in which *LBS Bina Group Bhd* owns a 57.7% stake — said the contract was awarded to MGB's wholly-owned unit MGB Construction & Engineering Sdn Bhd by LYK Architect Sdn Bhd, on behalf of Casa Inspirasi Sdn Bhd. (The Edge Malaysia)
*Kumpulan Kitacon Bhd* announced on Monday that it has secured a RM104.3m building works contract. The contract was awarded to its wholly owned unit Kitacon Sdn Bhd by Sime Darby Property (BBR3 Asset 1) Sdn Bhd, a wholly owned subsidiary of *Sime Darby Property Bhd*. (The Edge Malaysia)
*Divfex Bhd*’s 51%-owned subsidiary Excel Commerce Solutions Sdn Bhd has clinched a new letter of award valued at RM18.5m to supply and install data centre equipment systems. The project, which was awarded by Extreme Broadband Sdn Bhd, is set to commence this month and expected to be completed by August, said Divfex in a filing with Bursa Malaysia on Monday. (The Edge Malaysia)
*Pantech Global Bhd*, which manufactures pipe fittings and welded pipes, has opened application for its Main Market IPO at 68 sen per share. The IPO, which entails the issuance of 262.2m new shares, is expected to raise over RM178m to fund its expansion plans, according to the prospectus released. There is no separate offer for sale of existing shares. Application for the IPO closes on 19 Feb 2025, and Pantech Global is scheduled to be listed on 3 March 2025. (The Edge Malaysia)
*TMC Life Sciences Bhd* has named Datuk Adzuan Abdul Rahman as the hospital operator’s new CEO effective immediately. (The Edge Malaysia)
*12th Feb 2025*
Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
Forwarded from M+ On-The-Go
M+ Market Wrap - 12Feb25
FBM KLCI: 1,603.05 pts (+13.10pts, +0.82%)
The FBMKLCI (+0.82%) rebounded from Monday’s losses, driven by gains in Banking heavyweights, as investors continue to increase exposure to stocks like MAYBANK (+14.0 sen); major beneficiaries of government initiatives like JS-SEZ, which are expected to stimulate loans growth, coupled with attractive dividend payouts. However, market breadth was negative with losers outpaced gainers by 534-to-492. On the broader market, the Plantation sector (+1.56%) continued to benefit from the surge in CPO prices, led by gains in SDG (+18.0 sen) and IOICORP (+4.0 sen), while the Industrial Products & Services (-1.11%) declined the most.
Top 3 Active stocks:
TWL (7079): RM0.020 (-0.5 sen)
MYEG (0138): RM1.040 (+3.0 sen)
HM (0060): RM0.160 (unch)
Volume: 3.15 bn (100-bar avg vol: 2.95 bn)
Value: RM2.66 bn (100-bar avg val: RM2.63 bn)
Market Breadth: ⬆️492 ⬇️534
Crude palm oil: RM4,625 (+RM32)
Dow Futures: 44,650 pts (-58 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,603.05 pts (+13.10pts, +0.82%)
The FBMKLCI (+0.82%) rebounded from Monday’s losses, driven by gains in Banking heavyweights, as investors continue to increase exposure to stocks like MAYBANK (+14.0 sen); major beneficiaries of government initiatives like JS-SEZ, which are expected to stimulate loans growth, coupled with attractive dividend payouts. However, market breadth was negative with losers outpaced gainers by 534-to-492. On the broader market, the Plantation sector (+1.56%) continued to benefit from the surge in CPO prices, led by gains in SDG (+18.0 sen) and IOICORP (+4.0 sen), while the Industrial Products & Services (-1.11%) declined the most.
Top 3 Active stocks:
TWL (7079): RM0.020 (-0.5 sen)
MYEG (0138): RM1.040 (+3.0 sen)
HM (0060): RM0.160 (unch)
Volume: 3.15 bn (100-bar avg vol: 2.95 bn)
Value: RM2.66 bn (100-bar avg val: RM2.63 bn)
Market Breadth: ⬆️492 ⬇️534
Crude palm oil: RM4,625 (+RM32)
Dow Futures: 44,650 pts (-58 pts)
**Source: Bloomberg, M+**