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Trading ideas: Bina Puri, Gadang, CCM, Velesto, IWC, Ekovest

KUALA LUMPUR: Bina Puri Holdings Bhd, Gadang Holdings Bhd, Chemical Company of Malaysia Bhd (CCM), Velesto Energy Bhd, Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd are among the stocks to watch on Tuesday, according to JF Apex Research.

US to end all waivers on imports of Iranian oil, crude price jumps

WASHINGTON: The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran's oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch.

The Trump administration on Monday said it will not renew exemptions granted last year to buyers of Iranian oil.

Zafrul: Worst is over for Malaysian capital market

KUALA LUMPUR: The worst is over for the Malaysian capital market, which has been spooked by the country’s potential disqualification from an important global bond index, according to CIMB Group Holdings Bhd group chief executive officer Tengku Datuk Seri Zafrul Aziz.





Annual report: CIMB Group Holdings Bhd chairman Datuk Mohd Nasir Ahmad (left) and Zafrul at the banking group’s AGM yesterday.

Leong Hup sets IPO price at RM1.10 per share

PETALING JAYA: Poultry player Leong Hup International Bhd has set the maximum price for its upcoming initial public offering (IPO) at RM1.10 per share, according to Bloomberg.

Investors reluctant to return to Japan despite rally

TOKYO: Japan’s stock market has regained US$334bil in value this year after crawling out of the worst quarterly performance since 2008. But the bounce isn’t enough to get everyone back.