Forex

Ringgit opens higher against US$ ahead of US-Iran ceasefire expiry

KUALA LUMPUR: The ringgit opened higher against the US dollar on Tuesday as market participants are likely to focus on negotiations between the United States and Iran, with the two-week ceasefire, which commenced on April 7, set to expire on Wednesday.

Markets

FBM KLCI stays above 1,700 as risk sentiment improves

KUALA LUMPUR: The FBM KLCI barely moved as trading commenced on Tuesday after it had yesterday reclaimed the 1,700-point psychological level in a sign of improving risk appetite.

Corporate News

Trading ideas: IOIPG, Genting, MRCB, LCTitan, ES Sunlogy, NTPM, Mudajaya, Varia, Destini, A1, Dnex, Tanco

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Markets

Wall Street closes slightly down on renewed tensions between US, Iran

NEW YORK: U.S. stocks closed slightly lower on Monday, with each of the three major indexes coming off a third straight week of gains, as renewed U.S.-Iran tensions put the durability of a two-week ceasefire in question.

Banking

AMMB poised for strong dividend growth

PETALING JAYA: RHB Research believes that AMMB Holdings Bhd's overlay reserves of RM484mil should help cushion potential profit-and-loss volatility, while its strong capital base leaves room for further shareholder returns.

Corporate News

Mudajaya wins appeal in fund misappropriation case

PETALING JAYA: Mudajaya Group Bhd has achieved a favourable outcome at the Court of Appeal in its long-running fund misappropriation case against former employee Michael Chua Khian Keng, with the compensation award raised to RM72.2mil from RM43.5mil previously granted by the High Court.

Corporate News

Axteria board reshuffle, leaders exit

PETALING JAYA: Axteria Group Bhd has announced that its chairman Mok Juan Chek and deputy chairman Datuk Abdullah Abdul Mannan have resigned.

Economy

Trade growth moderates

PETALING JAYA: Malaysia's March trade numbers held firm, but economists caution that the full fallout from the US-Iran war has yet to surface in the data.

Corporate News

Lotte Chemical inks RM104mil naphtha deal

PETALING JAYA: Lotte Chemical Titan Holding Bhd (LCTH) has entered into a US$25.3mil (RM103.7mil) related party transaction involving the sale of naphtha to its Indonesian subsidiary to ensure feedstock continuity amid geopolitical disruptions.

Corporate News

ES Sunlogy in RM108mil contract win

PETALING JAYA: ES Sunlogy Bhd's wholly-owned subsidiary, Savelite Engineering Sdn Bhd, has accepted a letter of award from China State Construction Engineering (M) Sdn Bhd valued at RM107.5mil.

Corporate News

iCents launches Maytech facility

PETALING JAYA: iCents Group Holdings Bhd has launched its wholly-owned subsidiary, Maytech Cleanroom Manufacturing Sdn Bhd, at its facility in Mantin, Negri Sembilan.

Property

A1 acquires land in Selangor for RM17mil

PETALING JAYA: A1 A.K. Koh Group Bhd (A1) is proposing to acquire a parcel of 99 year leasehold land measuring approximately 1.01 acres in Pekan Puchong Jaya, Selangor from Qualitypack Properties Sdn Bhd for RM16.73mil.

Property

IOIPG buys S’pore tower for RM7.7bil

PETALING JAYA: IOI Properties Group Bhd (IOIPG) has scaled up its interest in Singapore's central business district (CDB) in the Marina Bay precinct with the purchase of 100% interest in Asia Square Tower 2 (AST2) from CapitaLand Integrated Commercial Trust (CICT) for S$2.476bil (RM7.7bil).

Corporate News

MPay lands RM270,270 PPSB project

PETALING JAYA: Managepay Systems Bhd (MPay) has secured a letter of award from Penang Port Sdn Bhd (PPSB) worth RM270,270 to render the services of design, develop, supply, configure, test, integrate, commission and maintenance of PPSB's mobile application hosted in a cloud.

Corporate News

Destini secures RM4.4mil job for MRO services

PETALING JAYA: Destini Bhd's subsidiary, Trovon Malaysia Sdn Bhd has bagged a RM4.4mil contract from CRRC Rolling Stock Center (Malaysia) Sdn Bhd for the maintenance, repair, and overhaul (MRO) of 13 Diesel Multiple Unit trainsets.

Corporate News

Varia subsidiary bags RM293mil sewerage deal

PETALING JAYA: Varia Bhd has secured a RM293.3mil sub-contract for sewerage infrastructure works in Pasir Gudang, Johor, through its wholly owned unit, Pembinaan Teguh Maju Sdn Bhd.

Markets

SC, Bursa Malaysia launch MY Value Up initiative

PETALING JAYA: The Securities Commission (SC) and Bursa Malaysia have introduced the MY Value Up Programme – a collaborative initiative to support Malaysian public-listed companies (PLCs) in elevating their long‑term value creation and transforming into globally attractive investment propositions.

Markets

Risk-off sentiment weighs on equities

PETALING JAYA: Malaysian equities are likely to remain under pressure amid persistent geopolitical risks, with investors increasingly rotating into safe havens as global tensions keep risk sentiment fragile.

Business

Auto sales decline 13% in March on festive slowdown

KUALA LUMPUR: The Malaysian Automotive Association (MAA) has reported that the automotive sector's total industry volume (TIV) fell 13% year-on-year (y-o-y) to 63,489 units in March 2026, compared with 72,931 units a year earlier.

Corporate News

Termination of deal a near-term positive for Inari

PETALING JAYA: Inari Amertron Bhd's decision to terminate its proposed acquisition of Lumileds International is seen as a near-term positive, as it removes a key earnings overhang despite lingering operational headwinds, says CIMB Research.