Markets

ISF Group eyes RM61.15mil from IPO to fuel business expansion

KUALA LUMPUR: End-to-end piping solutions provider ISF Group Bhd from Johor aims to raise RM61.15 million from its initial public offering (IPO) en route to its listing on the ACE Market of Bursa Malaysia on Jan 28, 2026.

Corporate News

Globaltec's subsidiary inks partnership to develop gas fields in South Sumatra

KUALA LUMPUR: Globaltec Formation Bhd's 70%-owned subsidiary NuEnergy Gas Ltd is collaborating with PT Beijing Energy Linking (PT BJEL) to develop its coalbed methane (CBM) Production Sharing Contracts (PSCs) in South Sumatra, Indonesia.

Markets

Profit-taking in banks drag KLCI into the red

KUALA LUMPUR: The FBM KLCI fell in morning trading as investors took profit from financials after a weak showing by Wall Street's large-cap banks overnight.

Forex

Australian dollar hovers near highs on many crosses, bonds rally

SYDNEY: The Australian dollar hovered near new highs on many crosses on Thursday, buoyed by the recent bullish run in commodities and prospects of rate rises at home.

Commodities

Oil prices recover, stocks wobble as investors weigh geopolitics, US data

SINGAPORE: Oil prices steadied on Thursday after their recent slide, while stocks were off to a rocky start as investors assessed the implications of deepening geopolitical tensions and mixed U.S. labour market data.

Forex

Ringgit opens firmer against US$, major currencies

KUALA LUMPUR: The ringgit opened firmer against the US dollar and major currencies on Thursday, supported by stable regional foreign exchange conditions, despite firmer US economic data overnight.

Markets

FBM KLCI falls as bearish momentum picks up

KUALA LUMPUR: The FBM KLCI edged lower as trading commenced on Thursday, as investors continued to drag their feet amid the lack of buying enthusiasm for local equities.

Corporate News

Samsung expects Q4 operating profit to triple to record high on chip shortage

SEOUL: Samsung Electronics on Thursday projected a three-fold jump in fourth-quarter operating profit from a ‌year earlier to a record high as tight supply and a ⁠surge in artificial intelligence-driven demand stoked prices for conventional memory chips.

Corporate News

Trading ideas: Hibiscus, A1, Paramount, Vantris, Tien Wah, LGMS, Oriental, Sentoria, Sinmah, Central Global, Kee Ming, Hock Soon, Adnex

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

Markets

S&P 500 ends lower, AI stocks buoy Nasdaq

The S&P 500 ended lower on Wednesday, pulled down by declines in JPMorgan, Blackstone and other financials, while Nvidia and Alphabet lifted the Nasdaq as investors shifted toward AI-related stocks.

Commodities

Oil settles down after Trump comments on Venezuela oil

Oil prices settled lower for a second straight session on Wednesday as investors digested US President Donald Trump's deal to import up to US$2 billion worth of Venezuelan crude, a move that would lift supplies to the world's largest oil consumer.

Economy

Food and gold push Indonesia’s inflation to highest level since 2022

Inflation in 2025 reached the highest level in three years, spurred by increasing prices for various food commodities but also for gold, as the precious metal reached record highs in a world marked by uncertainty.

Economy

South Korea launches special audit over Apec summit spending

South Korea's top business lobby, the Korea Chamber of Commerce and Industry (KCCI), is set to undergo a special government audit following allegations of fund misappropriation and excessive spending linked to last year's Asia-Pacific Economic Cooperation (Apec) CEO Summit.

Insight

Japan’s bond widows are finally having their day

For a generation, it seemed a sure thing to short Japanese government bonds (JGB). And like something surreal out of Stoppard or Beckett, it's never worked out.

Energy

Busy year ahead for renewable-energy sector

Renewable-energy (RE) companies are set for a busy year, underpinned by the rollout of multiple utility-scale initiatives, analysts say.

Support Line

SupportLine

Dufu Technology Corp Bhd gapped above the 50-day simple moving average (SMA) yesterday with active trading volume.

Economy

Agribank moves to close green financing gap

Given the severe impacts of climate change, the transition to a green economy is no longer a choice but a crucial requirement for sustainable development.

Logistics

Ports, logistics expected to stay resilient this year

Malaysia's ports and logistics sector is expected to remain resilient through this year as shifting global trade patterns, tariff dynamics and infrastructure-led strategies create a supportive medium-term operating backdrop, analysts say.

Markets

Once taboo, IPOs for brewers are back on Thai bourse’s agenda

Thailand's stock exchange may open the door to alcohol beverage listings, long a taboo topic in the predominantly Buddhist country, as it seeks to jump-start share sales in its embattled equity market, according to its chairman.

Corporate News

Pekat set to benefit from energy demand, solar jobs

Pekat Group Bhd's three year profit compounded annual growth rate of 45% is underpinned by its RM745mil order book.