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Markets
Japan's Nikkei falls as Samsung-led chip selloff weighs on regional tech stocks
TOKYO: Japan's Nikkei share average fell on Tuesday as semiconductor-related heavyweights declined after a drop in South Korea's Samsung Electronics weighed on regional technology stocks.
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Forex
Australia, NZ dollars position for uncertain RBNZ outcome
SYDNEY: The Australian dollar was trying to extend its recent slow-motion rally on Tuesday, supported by flows out of the yen, while the New Zealand dollar remained hostage to a looming decision on interest rates at home.
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Commodities
Oil prices gain as focus shifts to supply recovery and demand
OIL prices edged higher on Tuesday, but gains were limited as traders looked beyond easing geopolitical tensions in the Middle East and turned their attention to supply increases and demand prospects.
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Forex
Ringgit opens slightly higher against greenback amid focus on Fed outlook
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on Tuesday amid continued focus on the United States (US) Federal Reserve's (Fed) interest rate outlook.
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Markets
Traders stay cautious ahead of OPR decision, Johor elections
KUALA LUMPUR: Malaysian stocks were slow to push off the start line with the FBM KLCI, already higher for three straight sessions, idling at Tuesday's opening at 1,683.42.
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Corporate News
Trading ideas: SimeProp, WCT, Carlsberg, Berjaya Property, Hibiscus, Careplus, ECM Libra, BM Greentech, Rimbunan Sawit, Asdion, Permaju, RT Pastry, Enest
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
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Corporate News
Samsung forecasts record quarterly profit, beating estimates on AI memory demand
SEOUL: Samsung Electronics on Tuesday forecast a 19-fold jump in second-quarter operating profit from a year earlier, its third consecutive quarter of record operating profit, as AI-driven demand continued to boost memory chip prices.
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Markets
Stocks surge on chip news, oil holds at pre-war levels
WASHINGTON: Wall Street surged on Monday and oil prices settled around pre-Iran war levels, as investors eyed new developments in the AI and chipmaker sector ahead of corporate earnings.
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Markets
Enest IPO oversubscribed
KUALA LUMPUR: Enest Group Bhd's initial public offering (IPO) has been oversubscribed by 1.94 times, ahead of its listing on the ACE Market of Bursa Malaysia.
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Corporate News
Careplus disposes of RM42mil land
PETALING JAYA: Careplus Group Bhd is disposing of a parcel of land measuring 40,680 sq m in Pekan Bukit Kepayang, Negri Sembilan to Delloyd Asset Portfolio (M) Sdn Bhd for RM42mil.
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Economy
OPR likely to hold
PETALING JAYA: All eyes are on Bank Negara Malaysia's (BNM) interest rate meeting this week, as its policy signal could ripple through Malaysia's bond market and influence yield spreads, says AmBank Research.
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Corporate News
SimeProp buys Wisma UniRazak for RM160mil
PETALING JAYA: Sime Darby Property Bhd (SimeProp) has accepted a binding letter of offer from Permodalan Nasional Bhd for the proposed acquisition of Wisma Universiti Tun Abdul Razak (Wisma UniRazak) for RM160mil.
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Corporate News
Carlsberg Group forms SE Asia venture with Sapporo
PETALING JAYA: Carlsberg Brewery Malaysia Bhd says it will be business as usual after its parent, Carlsberg A/S (Carlsberg Group) entered into a strategic joint venture (JV) with Japan's Sapporo Breweries Ltd covering operations in Malaysia and other South-East Asian markets.
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Economy
Maybank’s Invest Asean highlights investor interest
KUALA LUMPUR: Maybank Investment Banking Group (Maybank IBG) has raised its 2026 Malaysia gross domestic product (GDP) growth forecast to 4.9% from 4.4%, citing resilient economic momentum, while reaffirming its positive outlook on Asean despite ongoing global uncertainties.
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Corporate News
Permaju wins Chery’s Lepas dealership
PETALING JAYA: Permaju Industries Bhd (PIB) has announced that its wholly-owned subsidiary Cergaz Autohaus Sdn Bhd (CASB) has been appointed by Chery Auto Malaysia Sdn Bhd to be the authorised dealer for Lepas vehicles in Malaysia.
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Corporate News
BM GreenTech lands solar farm for RM3.6mil
KUALA LUMPUR: BM GreenTech Bhd's wholly-owned subsidiary, Plus Xnergy Holding Sdn Bhd, has acquired a 100% equity interest in NEFIN V Power Sdn Bhd (NVP), a special-purpose vehicle with rights to develop a 29.99MWac solar photovoltaic farm under the Corporate Green Power Programme.
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Corporate News
Rimbunan Sawit faces Sarawak disruptions
PETALING JAYA: Rimbunan Sawit Bhd (RSB) has announced that it is experiencing disruptions to its Ulu Teru Estate operations in Sarawak due to a blockage of the main access route.
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Corporate News
Unisem placement to bolster future expansion
PETALING JAYA: Unisem (M) Bhd's proposed private placement is expected to ease funding constraints for its expansion plans and strengthen its balance sheet, although its current share price already reflects much of the positive outlook, according to BIMB Research.
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Corporate News
Hibiscus hits first oil in UK North Sea
PETALING JAYA: Hibiscus Petroleum Bhd's fully-owned Teal West field in the United Kingdom's North Sea has achieved first oil on July 4, 2026.
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Corporate News
Binastra’s high-value non-residential projects to accelerate earnings
PETALING JAYA: Binastra Corp Bhd is rapidly transforming its growth profile by pivoting towards high-quality non-residential projects such as data centre (DC) construction, a move that is significantly accelerating its order book burn rate and improving earnings quality.
