Corporate News

AWC unit accepts RM22.18mil plumbing job for data centre project

KUALA LUMPUR: AWC Bhd via its wholly-owned subsidiary Qudotech Sdn Bhd has accepted an RM22.18mil contract from a joint venture contractor for plumbing, silo tank and internal sanitary works in relation to a data centre project.

Corporate News

Uzma subsidiary bags RM60mil contract from EnQuest

KUALA LUMPUR: Uzma Bhd said its subsidiary Setegap Ventures Petroleum Sdn Bhd has securd an RM60mil contract from EnQuest Petroleum Production Malaysia Ltd for the provision of integrated well intervention and project management team (PMT) for the 2026/2027 EnQuest Well Intervention Programme (Package A8).

Corporate News

Aeon Credit Service records higher earnings of RM385.88mil in FY26

KUALA LUMPUR: Aeon Credit Service (M) Bhd expects to sustain its business momentum over the coming year as it reported earnings and revenue growth in the financial year ended Feb 28, 2026 (FY26).

Banking

Bank Negara international reserves at US$126.6bil as at March 31, 2026

KUALA LUMPUR: Bank Negara Malaysia's international reserves stood at US$126.6 billion as at March 31, 2026, compared with US$128.1 billion as at March 13, 2026.

Corporate News

Pharmaniaga proposes five-to-one share consolidation

KUALA LUMPUR: Pharmaniaga Bhd has proposed to consolidate every five of its shares held by shareholders into one share.

Markets

Bursa Malaysia lower at midday as West Asia conflict continues

KUALA LUMPUR: Bursa Malaysia ended the morning trading session lower as markets continued to reprice the protracted West Asia conflict.

Corporate News

Meta Bright secures RM8.5mil AmBank facility for expansion of EV charging ports

KUALA LUMPUR: Meta Bright Group Bhd's 51%-owned subsidiary Meta Bright Chargesini Sdn Bhd (MBC) has secured banking facilities of up to RM8.5mil from AmBank (M) Bhd to fund the next phase of its EV charging infrastructure expansion.

Banking

CIMB targets doubling wealth asset under management under Forward30 strategy

KUALA LUMPUR: CIMB Group Holdings Bhd is expanding its presence in ASEAN's fast-growing affluent and wealth segment as part of its Forward30 strategy, intending to grow its wealth asset under management (AUM) two-fold and deliver stronger wealth and cross-sell revenue by 2030.

Corporate News

Binastra, Eco-shop, Kelington among top companies for ESG investment in 2026 - RHB IB

KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) has selected five Malaysian companies, namely Binastra Corporation Bhd, Eco-Shop Marketing Bhd, Kelington Group Bhd, LAC Med Bhd, and MR DIY Group (M) Bhd, as its top environmental, social, and governance (ESG) investment "Diamonds in the Rough" for 2026.

Corporate News

Ekuinas acquires stake in country's leading local sterile pharmaceutical manufacturer

KUALA LUMPUR: Ekuiti Nasional Bhd has announced its investment in Ain Medicare Sdn Bhd, a leading Bumiputera home-grown manufacturer of serile parenteral pharmaceutical products, via its RM1bil Tranche VI fund.

Stock on the Move

IJM shares down in early trade as Sunway's takeover attempt lapses

KUALA LUMPUR: Share prices of IJM Corporation Bhd declined in early trade on Tuesday, while Sunway Bhd shares were marginally higher as Sunway's conditional voluntary general offer (VGO) had lapsed after failing to meet the condition of securing over 50 per cent shareholders' acceptance level in IJM.

Markets

Stocks struggle, oil jumps as Trump's Iran deadline looms

SINGAPORE: Global stocks wavered on Tuesday, while oil prices were perched near $110 per barrel as the prospect of escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors on the sidelines.

Banking

Hong Leong launches new portfolio financing solution

KUALA LUMPUR: Hong Leong Bank Bhd has announced the launch of its new portfolio financing solution, reinforcing its commitment to designing customer-centric wealth management strategies.

Markets

FBM KLCI retraces slightly as Iran ceasefire discussions continue

KUALA LUMPUR: Investors on global stock markets remain watchful for signs of progress in negotiations over the Middle East conflict.

Forex

Ringgit flat against US$, firmer vs major currencies

KUALA LUMPUR: The ringgit opened little changed against the US dollar but strengthened against major currencies on Tuesday, as market sentiment remained cautious ahead of US President Donald Trump's deadline on the reopening of the Strait of Hormuz.

Corporate News

Trading ideas: Sunway, IJM, AMMB, AirAsia X, MNRB, Geohan, Reneuco, PT Resources, Topmix, Enest, Hibiscus, Bumi Armada, DXN

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

Markets

Wall St ends higher as investors parse US-Iran negotiations, threats

U.S. stocks advanced on Monday as investors looked for signs of progress toward a U.S.-Iran ceasefire deal and evaluated President Donald Trump's progressively heated threats of escalation should Iran fail to reopen the Strait of Hormuz.

Corporate News

Reneuco faces delisting after extension denied

PETALING JAYA: Reneuco Bhd is facing possible suspension and eventual delisting after Bursa Malaysia denied its request for additional time to submit its regularisation plan.

Markets

Upside potential for commodity-linked stocks

PETALING JAYA: Investors should go long on stocks that are linked to commodities such as crude oil, as geopolitical tensions continue to see-saw, keeping prices volatile but elevated.

Forex

Ringgit stronger on West Asia ceasefire hopes 

KUALA LUMPUR: The ringgit closed marginally higher against the US dollar yesterday as optimism over a potential West Asia ceasefire improved risk appetite.