Powering Alibaba’s eWTP with big data analytics, AI and machine learning

5h theedgemarkets
KUALA LUMPUR: It has been more than a year since the Digital Free Trade Zone (DFTZ) initiative was launched in Malaysia and although public attention was only revived a week ago during the launch of Alibaba Group Holding Ltd’s first regional office here, several local companies have already been hard at work making the ambitious project a reality. (80-0)
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The Week Ahead: Awaiting Cabinet line-up and new Umno president

4h theedgemarkets
The ringgit, which last week breached the psychological RM4 mark against the US dollar for the first time in five months, is in the spotlight again. At the time of writing last Friday (June 22), the ringgit fetched 4.0022 against the greenback. The ringgit’s fair value should be 3.80, Prime Minister Tun Dr Mahathir Mohamad told Bloomberg in a June 22 interview. “We would like to strengthen our ringgit, but it should be done naturally,” he said. (14-0)
0012 1155 1171 3158 3883 4197 4588 4723 4863 4898 5126 5158 5202 5222 5703 6521 7164 7229 7237 8583 8664 MLYBY MLYNF MYTEF SARKF SMEBF

Coffee Break: World Cup fans, will we meet in Pyongyang?

42m theedgemarkets
We’re barely a week into the Fifa World Cup and already, we’ve been hit by some major surprises. Who would have thought that Mexico could beat Germany, the victors of World Cup 2014? And the time of writing, Argentina is in danger of not entering the round of 16. (Sorry, Argentina fans!) (4-0)
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Sona Petroleum to de-list Thursday

42m theedgemarkets
KUALA LUMPUR (June 25): Sona Petroleum Bhd will be de-listed from Bursa Malaysia on Thursday, June 28, the company said today. (4-0)
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Kuala Lumpur 'living library' bridges generation gap in aging Asia

2h theedgemarkets
KUALA LUMPUR (June 25)(Thomson Reuters Foundation): A "living library" project in Malaysia's capital is lending out older people's knowledge to the young, to improve the lives of pensioners and bridge Kuala Lumpur's generation gap. (6-0)
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Bursa ends morning session marginally lower

4h malaymail
KUALA LUMPUR, June 25 — Bursa Malaysia ended the morning session marginally lower, weighed down by external sentiments, particularly the US-China trade tensions. (8-0)
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Serba Dinamik secures RM465m worth of contracts

2h theedgemarkets
KUALA LUMPUR (June 25): Serba Dinamik Holdings Bhd secured about RM465.1 million worth of new contracts involving operations and maintenance (O&M) besides engineering, procurement, construction and commissioning (EPCC) projects via wholly-owned subsidiaries Serba Dinamik Sdn Bhd (SDSB) and PT Serba Dinamik Indonesia. (5-0)
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Bursa slightly choppy at mid-morning

5h malaymail
KUALA LUMPUR, June 25 — Bursa Malaysia turned slightly choppy at mid-morning amid on-going worries about the escalating US-China trade war. (8-0)
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Running for a better Malaysia

5h theedgemarkets
(From left) The Edge Education Foundation CEO Dorothy Teoh, Shen Wei, Land & General sales manager Tan Lee Hong, Matrix Concepts chief sales and marketing officer Lim Kok Yee, Leong, Rajoo, Chew, Aishah and Ho. Photos by Kenny Yap (8-0)
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Trade war rhetoric weighs on markets, KLCI just above 1,700

8h thestar.com.my
KUALA LUMPUR: Blue chips managed to cross the key 1,700 level early Monday but Asian shares got the week off to a cautious start as trade war fears continued to cast a pall of gloom. At 9.16am, the FBM KLCI was up 7.1 points or 0.42% to 1,701.25. Turnover was 203.61 million shares valued at RM112.53mil. There were 175 gainers, 117 losers and 210 counters unchanged. Reuters reported S&P500 mini futures fell as much as 0. (13-0)
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Magni-Tech tops Bursa decliners

4h theedgemarkets
KUALA LUMPUR (June 25): Magni-Tech Industries Bhd shares fell as much as 75 sen or 15% to RM4.35, after the clothing manufacturer reported net profit declined to RM91.37 million in financial year ended April 30, 2018 (FY18), from RM120.1 million a year earlier. (5-0)
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Sapura Energy seen among first to benefit from higher oil prices — TA

5h theedgemarkets
KUALA LUMPUR (June 25): Crude oil producers Sapura Energy Bhd and Dagang NeXchange Bhd are seen as among the first to benefit from an improved oil price environment. This is because higher prices of the commodity will catalyse production and accelerate monetisation of oil and gas reserves. (6-0)
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Foreign selling continued for eighth week, hit RM1.89b last week

4h theedgemarkets
KUALA LUMPUR (June 25): Stocks listed on Bursa Malaysia have been subject to foreign selling for the past eighth uninterrupted weeks. (4-0)
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Kumpulan Perangsang Selangor, Rapid

4h theedgemarkets
KUALA LUMPUR (June 25): theedgemarkets.com highlighted two stocks with momentum at Bursa Malaysia’s afternoon market close today. Both stocks displayed negative momentum. (4-0)
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Bursa opens higher

7h malaymail
KUALA LUMPUR, June 25 — Bursa Malaysia opened higher today, lifted by positive news mirroring the appointment of new Bank Negara Malaysia (BNM) Governor, Datuk Nor Shamsiah Mohd Yunus, effective July 1. (8-0)
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Bursa opens higher

7h malaymail
KUALA LUMPUR, June 25 — Bursa Malaysia opened higher today, lifted by positive news mirroring the appointment of new Bank Negara Malaysia (BNM) Governor, Datuk Nor Shamsiah Mohd Yunus, effective July 1. (8-0)
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Newsbreak: Nik Hamdan may pare down stake in Barakah

1h theedgemarkets
NIK Hamdan Daud, the controlling shareholder of Barakah Offshore Petroleum Bhd, is looking to sell a substantial portion of his stake, industry sources say. (2-0)
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Maybank, Singapore’s WMI to set up wealth management academy

2h theedgemarkets
KUALA LUMPUR (June 25): Malayan Banking Bhd (Maybank) has partnered the Wealth Management Institute (WMI) at Nanyang Technological University Singapore to form the Maybank Wealth Management Academy (MWMA). (2-0)
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MRCB bags gold at 2018 Australasian Reporting Awards

53m malaymail
KUALA LUMPUR, June 25 — Malaysian Resources Corporation Berhad (MRCB) has won the Gold Award at the 2018 Australasian Reporting Awards (ARA). (1-0)
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Kuala Lumpur ‘living library’ bridges generation gap in ageing Asia

8h malaymail
KUALA LUMPUR, June 25 — A “living library” project in Malaysia’s capital is lending out older people’s knowledge to the young, to improve the lives of pensioners and bridge Kuala Lumpur’s generation gap. (5-0)
4197 SMEBF

Top Glove’s share price charts a new high as robust 3Q earnings projected

1h theedgemarkets
TOP Glove Corp Bhd’s share price climbed to a new high of RM11.88 last week on expectations the company will turn in a set of impressive results for its third quarter ended May 31 (3QFY2018). (1-0)
7113 TGLVY TPGVF

Maybank IB maintains ‘hold’ call on MAHB shares

5h malaymail
KUALA LUMPUR, June 25 — Maybank IB Research (Maybank IB) has maintained a “hold” call on Malaysia Airports Holdings Bhd (MAHB) with the departure of Chief Executive Officer (CEO) Datuk Badlisham Ghazali. (2-0)
5014 MYPRY

Aquawalk targets to list in two years

8h theedgemarkets
Inside the four-month old VR/AR reality theme park The Rift in Mid Valley Megamall in Kuala Lumpur. Foong: We looked at what is growing in the market. The biggest thing everyone is talking about and where investment is going into is VR and AR. (4-0)
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FBM KLCI flat after volatile trade

4h theedgemarkets
KUALA LUMPUR (June 25): The FBM KLCI fell 0.65 point after volatile trade, amid global trade spat concerns. At 12:30pm, the KLCI settled at 1,693.50, as Asian shares fell with US equity futures. Reuters reported Asian shares fell on Monday on escalating trade tensions between the United States and major economies, while oil prices gave up some of their hefty gains made after major oil producers agreed to a modest increase in production. (1-0)
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Tech firms yet to benefit from ringgit weakness

8h theedgemarkets
KUALA LUMPUR: At first glance, given the way the ringgit has weakened in value compared to the US dollar, export-oriented companies might seem like the biggest beneficiaries. (2-0)
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Ann Joo looks abroad to tackle slumping domestic demand

8h theedgemarkets
KUALA LUMPUR: Ann Joo Resources Bhd has started to look more closely at export markets to mitigate slowing local demand for steel products in the wake of the large scale back of infrastructure projects in the country by the new Pakatan Harapan administration. (1-0)
6556

Pertama eyes full capacity in October for smelting plant

9h thestar.com.my
OM Materials is a JV between Australian-listed OM Holdings Ltd and Cahya Mata Sarawak Bhd while Sakura is in another joint venture with three partners, namely South Africa’s Assmang Ptd Ltd, Japan’s Sumitomo Corp and Taiwan’s China Steel Corp, seen here. — Bloomberg (1-0)
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With about RM3b in assets, MCA unlikely to fade away soon

10h malaymail
IPOH, June 25 — MCA may be a candle in the wind after the May 9 general election, but its Perak grassroots leaders insist the wealthy party can still be of service to the country. (1-0)
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'The whole industry stinks': Big tobacco's squeeze on small business

19h theage.com.au
The owner of a tobacco franchise in Philip Island put a sign in the front window of his shop calling out big tobacco for its treatment of his business. (2-0)
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'The whole industry stinks': Big tobacco's squeeze on small business

19h smh.com.au
The owner of a tobacco franchise in Philip Island put a sign in the front window of his shop calling out big tobacco for its treatment of his business. (2-0)
4162 BATS

MBSB recorded 107pc increment for PAT

4m malaymail
KUALA LUMPUR, June 25 — Malaysia Building Society Berhad (MBSB) posted its profit after tax (PAT) for financial year ended Dec 31, 2017 (FY17) of RM417.13 million, which saw an increment of 107 per cent from 2016.
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MBSB to convert RM1b into Islamic assets in two years

1h malaymail
KUALA LUMPUR, June 25 — Malaysia Building Society Bhd (MBSB) is targeting to convert its remaining 10 per cent conventional assets valued at RM1 billion into Islamic assets over the next two years.
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Fitch revises outlook on Telekom Malaysia to negative

1h thestar.com.my
Telekom Malaysia's share price has come undere pressure aftern the government said the price of broadband would be reduced by 25% by year end.
4863 MYTEF

Euro eyes 15% revenue growth in FY18

1h theedgemarkets
PETALING JAYA (June 25): Euro Holdings Bhd is eyeing up to 15% growth in revenue for financial year ending December 31, 2018 (FY18), mainly driven by its property development segment.
7208

Daihatsu draws line in UMW’s Perodua pursuit

2h theedgemarkets
IN a month, the shareholder tussle at Med-Bumikar Mara Sdn Bhd over its majority stake in MBM Resources Bhd (MBMR) is set to resume following the last court hearing in May. But “vehement” objections by a key Japanese partner remain a stumbling block for UMW Holdings Bhd, even if the conglomerate manages to take control of MBMR.
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Grow Your Income Even When Your Stocks Don't Increase The Dividend

2018-06-23 seekingalpha
There's a way we can give ourselves a raise, even when a company doesn't give us one. (61-3)
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Superlon’s Vietnam plant construction seen to be on track

5h theedgemarkets
Superlon Holdings Bhd (June 22, RM1.24) We downgrade to neutral with a revised target price (TP) of RM1.58 from RM1.82: Superlon Holdings Bhd’s earnings of RM12.3 million for the financial year ended April 30, 2018 (FY18), making up 80% of our full-year forecast.
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Auto sales seen on uptick until August

5h theedgemarkets
Automotive sector Maintain neutral: The month of May registered sales of 42,983 units (down 9% month-on-month [m-o-m], down 15% year-on-year [y-o-y]). The weaker car sales both m-o-m and y-o-y were attributed to consumers holding back purchases prior to the implementation of zero-rated goods and services tax (GST) on June 1, which saw an average 6% reduction in car prices across the board. Taking a detailed look at the passenger-vehicle segment (-4% m-o-m, -11% y-o-y), both lower m-o-m and y-o-y sales were attributed to the weaker car sales across the board, except for Perodua (+10% m-o-m, +28% y-o-y), which still stood strong from the front-loaded booking of the all-new Perodua Myvi, whereas Nissan’s (+58% m-o-m, -15% y-o-y) strong m-o-m sales were from the front-loaded booking of the all-new Nissan Serena S-Hybrid, which was launched in early May.
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Berjaya Food core franchise profit growth likely sustainale

5h theedgemarkets
Berjaya Food Bhd (June 22, RM1.62) Maintain hold with a lower target price of RM1.74: Berjaya Food Bhd (BFood) reported a turnover of RM160 million, up 5.7% year-on-year (y-o-y), while core net profit surged 50% y-o-y to RM2.4 million for its fourth quarter of financial year 2018 (4QFY18). This brought its full-year FY18 core net profit to RM19.3 million — after stripping out one-off RM15.3 million loss from the disposal of Kenny Rogers Roasters (KRR) Indonesia — which disappointed both our and Bloomberg consensus expectations, at 93% and 87% of the respective forecasts.
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Matrix Concepts sales momentum expected to remain on the uptrend

5h theedgemarkets
Matrix Concepts Holdings Bhd (June 22, RM2.02) We maintain buy with a higher target price (TP) of RM2.50 from RM2.40: Matrix Concepts Holdings Bhd has bucked the trend with record-high property sales of its two flagship projects, Bandar Sri Sendayan (BSS) in Seremban and Bandar Sri Impian in Kluang despite relatively weak market sentiment.
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Lafarge expected to increase debt to fund capital expenditure

5h theedgemarkets
Lafarge Malaysia Bhd (June 22, RM3.02) Maintain sell with a lower target price (TP) of RM2.50: Domestic cement production (which provides an indication of cement demand) remained weak as it fell 14% year-on-year (y-o-y) in the first four months of 2018 (4M18) after posting a 2% y-o-y decline in 4M17, underpinned by the subdued property market and delays in the roll-out of new infrastructure projects.
3794

Stock With Momentum: Rapid Synergy

5h theedgemarkets
SHARES in precision tools maker Rapid Synergy Bhd (fundamental: 0.3/3, valuation: 0.6/3) triggered our proprietary momentum algorithm for the fourth time this year. The counter closed three sen or 0.52% higher at RM5.82, giving it a market capitalisation of RM516.77 million. A total of 875,300 shares changed hands, exceeding the counter’s 200-day average volume of 111,959 shares.
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Foreigners sell RM1.89bil of Malaysian stocks, highest since May 18 week

7h thestar.com.my
KUALA LUMPUR: Foreign funds ramped up their selling activity last week, marking the eight uninterrupted weeks of outflows, according to MIDF Research.
4863 MYTEF

Trading ideas: SCGM, Willowglen, Icon Offshore, GPacket

7h thestar.com.my
KUALA LUMPUR: SCGM Bhd , Willowglen MSC Bhd , Icon Offshore Bhd and Green Packet Bhd are among the stocks to watch, according to JF Apex Research.
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Dominant aims for another record performance in FY19

8h theedgemarkets
JOHOR BARU: After achieving record net profit last year, Johor-based flat laminated wood products and moulded wood components manufacturer Dominant Enterprise Bhd is targeting to grow its bottom line by at least 10% for the financial year ending March 31, 2019 (FY19).
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Getting a grip on Hap Seng Plantations’ aborted Kretam deal

9h thestar.com.my
In the hey days of the market in the 1990s, public viewing galleries will cheer every time when they see Kretam Holdings Bhd ’s (Kretam) share price move along with other market darlings of the yesteryear. They would say in the Malay language, “Ketam mari, Ketam mari”, as in the stock is having an upward run and it’s time to “jump in.”
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Sasbadi education products still relevant, says MD

10h thestar.com.my
PETALING JAYA: Workbooks and textbooks supplier Sasbadi Holdings Bhd is confident that its offerings will remain relevant despite the change in government.
5252

GLC singers sing a different tune

10h thestar.com.my
PETALING JAYA: The heads of government linked companies (GLC) who sang a song that later became the theme song for the Barisan Nasional’s election campaign have distanced themselves from the controversial music video.
4863 MYTEF

Here’s Why Bitcoin Is Tumbling Once Again

2018-06-22 investorplace
The price of bitcoin and most other major cryptocurrencies dropped sharply on Friday after financial regulators in Japan ordered several crypto exchanges to improve their anti-money laundering practices, adding to long-standing fears that government crackdowns could hurt the market. (53-0)
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Dimsum and SVOD firms to observe content code

2018-06-23 thestar.com.my
PETALING JAYA: Star Media Group’s dimsum and leading subscription video-on-demand (SVOD) services across Asean have jointly introduced a Subscription Video-on-Demand Industry Content Code to protect consumer interests. (15-0)
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