Corporate News

Censof unit appointed Microsoft's scale solution provider for public sector

KUALA LUMPUR: Censof Holdings Bhd said its wholly-owned subsidiary Century Software (Malaysia) Sdn Bhd has been appointed by Microsoft Malasia as a scale solution provier for Malaysia's public sector.

Markets

Bursa drifts lower amid rising Middle East hostilities

KUALA LUMPUR: Bursa Malaysia retreated slightly in the early session as fears over rising inflation sapped investors' risk appetite for equities.

Markets

SCA Solutions receives Bursa's nod for ACE Market listing

KUALA LUMPUR: Mechanical and electrical engineering solutions provider SCA Solutions Bhd has received Bursa Malaysia Securities Bhd's approval to list on the ACE Market, expected by the fourth quarter of 2026.

Markets

Asia stocks waver as yen surges, Iran warns of retaliation

SINGAPORE: The yen surged on Tuesday, while Asian markets struggled for direction as a mixed batch of regional economic data and fresh Iranian threats in the Persian Gulf drove oil prices and bond yields higher.

Forex

Yen extends rally to new seven-month high; dollar subdued ahead of CPI

HONG KONG: The Japanese yen climbed to fresh seven-month highs against the U.S. dollar on Tuesday, as traders continued to unwind short positions amid growing bets of a Bank of Japan interest-rate hike while the dollar was subdued ahead of CPI data this week.

Commodities

Oil rises as risks of prolonged Mideast conflict heighten supply worries

OIL prices extended gains on Tuesday as risks of a prolonged conflict in the Middle East grew after Iran threatened to retaliate against any new U.S. attacks on its assets, heightening worries over supply disruption.

Forex

Ringgit opens almost flat vs greenback amid ongoing Middle East conflict

KUALA LUMPUR: The ringgit was almost flat against the US dollar at Tuesday's open, as investors remained cautious amid the ongoing West Asia conflict, which continued to drive crude oil prices higher and support the greenback.

Markets

Bursa Malaysia stays range-bound as inflationary pressures remain elevated

KUALA LUMPUR: A sharp rise in Middle East tensions is expected to weigh on investor appetite as inflationary pressures could reginite, leading to a more hawkish Federal Reserve.

Corporate News

Trading ideas: Genting, CBH, Vestland, PA resources, Zetrix, TT Vision, MN, Pekat, Gas Malaysia, Hengyuan Refining, Hextar Retail, KSL, NexG Bina, Cengild, Butterfield

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

Corporate News

Hextar Retail shareholder raises stake, triggering MGO

PETALING JAYA: Hextar Retail Bhd's major shareholder Datuk Eddie Ong Choo Meng has triggered a mandatory general offer (MGO) for the company after Hextar Portfolio Sdn Bhd, his investment vehicle, raised its stake to 35.42%.

Markets

Bursa rises on buying interest in banking, telco stocks 

KUALA LUMPUR: Bursa Malaysia traded higher yesterday, supported by renewed buying interest in selected banking and telecommunications heavyweights, says an analyst.

Markets

Maybank wins big at Bursa IR Awards 2026 

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has emerged as among the top winners at the inaugural Bursa Malaysia Investor Relations (IR) Awards 2026, clinching several major categories.

Corporate News

HRC renews Shell Malaysia supply deal

PETALING JAYA: Hengyuan Refining Co Bhd (HRC) has agreed to renew its product supply deal with Shell Malaysia for another 10 years from Jan 1, 2027 to Dec 31, 2036.

Corporate News

Independent advice: Accept the ‘not fair’ offer for MKH

PETALING JAYA: The RM2 per share takeover offer for MKH Bhd may leave shareholders short on value, but an independent adviser says accepting it remains the reasonable course.

Corporate News

KSL Holdings shareholders get SC exemption

PETALING JAYA: KSL Holdings Bhd says the Securities Commission (SC) has approved an exemption for a group of its shareholders from having to undertake a mandatory offer for the remaining shares in the company.

Corporate News

Westports beats bottlenecks with agility, capacity

PETALING JAYA: Operational agility and timely capacity expansion have allowed Westports Holdings Bhd to effectively navigate a fresh wave of severe global port congestion, according to UOB Kay Hian (UOBKH) Research.

Markets

M’sia foreign equity ownership hits rock bottom

PETALING JAYA: Foreign ownership of Malaysian equities sank to a record low in August, as foreign investors continued heading for the exit with over RM5.4bil in net outflows since the start of the year.

Corporate News

TT Vision in RM92mil contract award

PETALING JAYA: TT Vision Holdings Bhd's (TTVHB) has awarded the construction of a new factory building-cum-office building on a parcel of industrial land known as Plot 81A, Bayan Lepas Industrial Park, Penang, to an independent party, Yu Tong Construction Sdn Bhd, worth RM92mil.

Corporate News

CBH Engineering wins RM88mil data centre deal

PETALING JAYA: CBH Engineering Holding Bhd's wholly owned subsidiary, CBH Engineering Sdn Bhd, has secured a RM88.05mil contract to design and build a 275 kilovolt (kV) consumer landing station for a data centre in Selangor.

Corporate News

P.A. Resources gets financing of RM255mil

PETALING JAYA: P.A. Resources Bhd is obtaining RM255.45mil in additional banking facilities to support its expansion plans, including a new plant and increased production capacity.