JUST IN: 🇨🇳🇺🇸 China says they are open to discussions if President Trump shows respect & want US talks to address Taiwan.
*RHB♦️Investment Bank Bhd*
Wednesday 16/04/2025
FBMKLCI : *1,476.92*
*⬇️ 9.51 (0.64%)*
Volume : *2.996B*
Value : *1.646B*
⬆️ 321
⬇️ 573
🔁 433
_Bursa Malaysia closed lower on Wednesday, weighed down by profit-taking in several heavyweight counters, particularly in the industrial products, banking, and utilities sectors._
Top 3 active stocks :
PERTAMA 0.140 ⬆️ 0.010
DATAPRP 0.135 ⬇️ 0.020
MYEG 0.905 ⬇️ 0.020
Wednesday 16/04/2025
FBMKLCI : *1,476.92*
*⬇️ 9.51 (0.64%)*
Volume : *2.996B*
Value : *1.646B*
⬆️ 321
⬇️ 573
🔁 433
_Bursa Malaysia closed lower on Wednesday, weighed down by profit-taking in several heavyweight counters, particularly in the industrial products, banking, and utilities sectors._
Top 3 active stocks :
PERTAMA 0.140 ⬆️ 0.010
DATAPRP 0.135 ⬇️ 0.020
MYEG 0.905 ⬇️ 0.020
*RHB♦️Investment Bank Bhd*
RHBInvestmentBankOfficial
17th April 2025
*Dow Jones* :39,669.39
⬇️699.57/1.73%‼️
*Nasdaq* :16,307.16
⬇️516.01/3.07%‼️
*S&P 500*:5,275.70
⬇️120.93/2.24%‼️
https://ceomorningbrief.theedgemalaysia.com/2025/0943/
Stocks fell sharply on Wednesday as a stark warning from Nvidia roiled global tech and concerns from Federal Reserve Chair Jerome Powell about the economic impact of tariffs raised alarm among skittish investors.
*WTI CRUDE OIL* :62.60
⬆️1.27/2.07%‼️
*BRENT OIL* :65.97
⬆️1.30/2.01%‼️
*GOLD PRICE* : 3,357.70
⬆️117.30/ 3.62%‼️
*USD/MYR* : 4.41
*CORPORATE NEWS*
Gas Malaysia Bhd (KL:GASMSIA) said that gas supply to customers in the northern region and parts of the Klang Valley has stabilised, though full restoration is still underway. The improvement follows additional supply secured by Petronas Gas Bhd (KL:PETGAS) via the Trans Thailand-Malaysia pipeline. — Gas Malaysia says gas supply to northern region stable, resumption happening ‘progressively’
CapitaLand Malaysia Trust (KL:CLMT) recorded a 9.6% year-on-year increase in net property income to RM37.5 million for 1QFY2025, up from RM33.5 million, driven by higher revenue, strong retail rental growth and contributions from the upgraded Glenmarie Distribution Centre. Distributable income climbed 10.9% year-on-year to RM37.3 million, up from RM33.6 million. CLMT declared a distribution of 1.28 sen per unit, an increase of 7.6% from 1.19 sen a year earlier. — CapitaLand Malaysia Trust kicks off FY2025 with 9.6% rise in net property income
Hextar Technologies Solutions Bhd (KL:HEXTECH) is selling a three-acre industrial land with a warehouse and office in Pasir Gudang, Johor, for RM16 million. The deal, expected to complete by 3Q2025, is estimated to generate a net gain of RM4.96 million. Proceeds will be used to invest in its fintech super-app, MoneyX, focusing on software development and user acquisition. — Hextar Technologies to sell Johor warehouse, proceeds earmarked for fintech business
Oil palm planter and property developer Golden Land Bhd (KL:GLBHD) is disposing of its 95% stakes in Indonesian palm oil units PT SKMA and PT SBS for RM151.5 million, citing ongoing challenges in its plantation segment despite earlier expansion efforts. Golden Land estimates a net pro forma gain of RM25.95 million from the disposals. — Golden Land exits two Indonesian palm oil units for RM151.5m after six years
SkyWorld Development Bhd (KL:SKYWLD) is acquiring a 3.03-acre freehold plot in Mont Kiara for RM110 million from M S Tan Corporation Sdn Bhd, a unit of MS Tan Holdings owned by Tan Sri Tan Ming Swee. The land will be used for high-end residential development. — SkyWorld buys three-acre Mont Kiara land for RM110m
Sapura Energy Bhd (KL:SAPNRG) has secured multiple contracts worth nearly RM100 million in Malaysia and Thailand to provide offshore support vessels. The contracts, which last up to one year, will keep its accommodation workboats and geosurvey vessels active throughout FY2026. — Sapura Energy bags multiple contracts worth nearly RM100 mil
Bina Puri Holdings Bhd (KL:BPURI) has announced the retirement of its founder Dr Tan Cheng Kiat and deputy executive chairman Tan Sri Tee Hock Seng. Both have served on the board since 1990, with Tan holding a 2.38% stake and Tee holding a combined 8.6% direct and indirect interest in the company. — Bina Puri announces boardroom changes, founder director Tan Cheng Kiat retires
Paragon Globe Bhd (KL:PGLOBE) is selling a 3.53-acre land in Tanjung Kupang, Johor for RM19.23 million. The deal is expected to be done by the first quarter of 2026, with estimated pro forma net gains of RM7.89 million. Half of the proceeds will be used for part-repayment of borrowings while the rest has been earmarked for working capital and other expenses. — Paragon Globe to sell part of Tanjung Kupang land for RM19.23m
OCK Group Bhd’s (KL:OCK) shareholders have approved a RM91 million investment in a 116 MW large-scale solar power plant in Malaysia. At the company’s EGM, 98.
RHBInvestmentBankOfficial
17th April 2025
*Dow Jones* :39,669.39
⬇️699.57/1.73%‼️
*Nasdaq* :16,307.16
⬇️516.01/3.07%‼️
*S&P 500*:5,275.70
⬇️120.93/2.24%‼️
https://ceomorningbrief.theedgemalaysia.com/2025/0943/
Stocks fell sharply on Wednesday as a stark warning from Nvidia roiled global tech and concerns from Federal Reserve Chair Jerome Powell about the economic impact of tariffs raised alarm among skittish investors.
*WTI CRUDE OIL* :62.60
⬆️1.27/2.07%‼️
*BRENT OIL* :65.97
⬆️1.30/2.01%‼️
*GOLD PRICE* : 3,357.70
⬆️117.30/ 3.62%‼️
*USD/MYR* : 4.41
*CORPORATE NEWS*
Gas Malaysia Bhd (KL:GASMSIA) said that gas supply to customers in the northern region and parts of the Klang Valley has stabilised, though full restoration is still underway. The improvement follows additional supply secured by Petronas Gas Bhd (KL:PETGAS) via the Trans Thailand-Malaysia pipeline. — Gas Malaysia says gas supply to northern region stable, resumption happening ‘progressively’
CapitaLand Malaysia Trust (KL:CLMT) recorded a 9.6% year-on-year increase in net property income to RM37.5 million for 1QFY2025, up from RM33.5 million, driven by higher revenue, strong retail rental growth and contributions from the upgraded Glenmarie Distribution Centre. Distributable income climbed 10.9% year-on-year to RM37.3 million, up from RM33.6 million. CLMT declared a distribution of 1.28 sen per unit, an increase of 7.6% from 1.19 sen a year earlier. — CapitaLand Malaysia Trust kicks off FY2025 with 9.6% rise in net property income
Hextar Technologies Solutions Bhd (KL:HEXTECH) is selling a three-acre industrial land with a warehouse and office in Pasir Gudang, Johor, for RM16 million. The deal, expected to complete by 3Q2025, is estimated to generate a net gain of RM4.96 million. Proceeds will be used to invest in its fintech super-app, MoneyX, focusing on software development and user acquisition. — Hextar Technologies to sell Johor warehouse, proceeds earmarked for fintech business
Oil palm planter and property developer Golden Land Bhd (KL:GLBHD) is disposing of its 95% stakes in Indonesian palm oil units PT SKMA and PT SBS for RM151.5 million, citing ongoing challenges in its plantation segment despite earlier expansion efforts. Golden Land estimates a net pro forma gain of RM25.95 million from the disposals. — Golden Land exits two Indonesian palm oil units for RM151.5m after six years
SkyWorld Development Bhd (KL:SKYWLD) is acquiring a 3.03-acre freehold plot in Mont Kiara for RM110 million from M S Tan Corporation Sdn Bhd, a unit of MS Tan Holdings owned by Tan Sri Tan Ming Swee. The land will be used for high-end residential development. — SkyWorld buys three-acre Mont Kiara land for RM110m
Sapura Energy Bhd (KL:SAPNRG) has secured multiple contracts worth nearly RM100 million in Malaysia and Thailand to provide offshore support vessels. The contracts, which last up to one year, will keep its accommodation workboats and geosurvey vessels active throughout FY2026. — Sapura Energy bags multiple contracts worth nearly RM100 mil
Bina Puri Holdings Bhd (KL:BPURI) has announced the retirement of its founder Dr Tan Cheng Kiat and deputy executive chairman Tan Sri Tee Hock Seng. Both have served on the board since 1990, with Tan holding a 2.38% stake and Tee holding a combined 8.6% direct and indirect interest in the company. — Bina Puri announces boardroom changes, founder director Tan Cheng Kiat retires
Paragon Globe Bhd (KL:PGLOBE) is selling a 3.53-acre land in Tanjung Kupang, Johor for RM19.23 million. The deal is expected to be done by the first quarter of 2026, with estimated pro forma net gains of RM7.89 million. Half of the proceeds will be used for part-repayment of borrowings while the rest has been earmarked for working capital and other expenses. — Paragon Globe to sell part of Tanjung Kupang land for RM19.23m
OCK Group Bhd’s (KL:OCK) shareholders have approved a RM91 million investment in a 116 MW large-scale solar power plant in Malaysia. At the company’s EGM, 98.
Theedgemalaysia
CEO Morning Brief | ISSUE 0943
THURSDAY, APRIL 17, 2025
9% of shareholders voted in favour of the investment, which involves acquiring redeemable preference shares in Solarpack Asia Sdn Bhd, holding a 49% stake in Solarpack Suria Sungai Petani Sdn Bhd. The investment is valued at an enterprise value of RM350 million. — OCK shareholders approve RM91 mil investment in large-scale solar plant
Nextgreen Global Bhd (KL:NGGB) is partnering with Xiamen C&D Paper & Pulp Group Co Ltd to establish a RM900 million paper pulp plant in Pahang. The joint venture, formed by Nextgreen IOI Pulp Sdn Bhd, a 55:45 joint venture between Nextgreen Global and palm oil player IOI Corp Bhd (KL:IOICORP), will be a 3:1 partnership with Hong Kong Paper Sources Co Ltd, a subsidiary of Xiamen C&D. The plant is expected to be set up within 10 business days. — Nextgreen-IOI JV to partner China’s Xiamen C&D for a RM900m pulp plant in Pahang
ACE Market-listed Nexgram Holdings Bhd (KL:NEXGRAM) has been served a winding-up petition by Maybank Islamic Bhd for allegedly failing to settle RM1.77 million linked to a financing facility for its former sub-subsidiary, Tri-G Technologies. Maybank Islamic is seeking to wind up the company, appoint a liquidator and recover related costs. — Nexgram hit with winding-up petition from Maybank Islamic over RM1.77 mil debt
Nextgreen Global Bhd (KL:NGGB) is partnering with Xiamen C&D Paper & Pulp Group Co Ltd to establish a RM900 million paper pulp plant in Pahang. The joint venture, formed by Nextgreen IOI Pulp Sdn Bhd, a 55:45 joint venture between Nextgreen Global and palm oil player IOI Corp Bhd (KL:IOICORP), will be a 3:1 partnership with Hong Kong Paper Sources Co Ltd, a subsidiary of Xiamen C&D. The plant is expected to be set up within 10 business days. — Nextgreen-IOI JV to partner China’s Xiamen C&D for a RM900m pulp plant in Pahang
ACE Market-listed Nexgram Holdings Bhd (KL:NEXGRAM) has been served a winding-up petition by Maybank Islamic Bhd for allegedly failing to settle RM1.77 million linked to a financing facility for its former sub-subsidiary, Tri-G Technologies. Maybank Islamic is seeking to wind up the company, appoint a liquidator and recover related costs. — Nexgram hit with winding-up petition from Maybank Islamic over RM1.77 mil debt
Theedgemalaysia
CEO Morning Brief | ISSUE 0943
THURSDAY, APRIL 17, 2025
🌐 Global Market Updates
*17 Apr 2025*
Indexes
🇺🇸 Dow 39,669.39 ⬇️ 699.57 ‼️
🇲🇾 KLCI 1,476.92 ⬇️ 9.51
🇨🇳 SSE 3,276.00 ⬆️ 8.34
🇭🇰 HKSE 21,056.98 ⬇️ 409.29
🇬🇧 FTSE 8,275.60 ⬆️ 26.48
Energy/Precious Metal
⛽️ Crude Oil $62.60 ⬆️ 1.27
⛽️ Brent Oil $65.97 ⬆️ 1.30
⚜️ Gold $3,357.70 ⬆️ 117.30
🌴 Palm Oil MYR4,015 ⬇️ 28
Currency
💵 USD/MYR 4.4080
💴 CNY/MYR 0.6037
💵 SGD/MYR 3.3650
🌐 Global News
🔹 The S&P 500 closed sharply lower Wednesday, pressured by a Nvidia-led slump in tech and remarks from Federal Reserve Chairman Jerome Powell signaling that the Fed isn’t leaning toward cutting rates any time soon.
🔹 Oil prices rose nearly 2% on Wednesday to a two-week high on concerns about global supplies after Washington issued new sanctions targeting Chinese importers of Iranian oil.
🔹 The U.S. dollar index slid to around its lowest since April 2022 in a sign investors remained cautious about U.S. assets.
Sources from:
https://www.investing.com/news/stock-market-news/us-stock-futures-dip-as-nvidia-warning-spooks-tech-tariff-fears-persist-3987014
*17 Apr 2025*
Indexes
🇺🇸 Dow 39,669.39 ⬇️ 699.57 ‼️
🇲🇾 KLCI 1,476.92 ⬇️ 9.51
🇨🇳 SSE 3,276.00 ⬆️ 8.34
🇭🇰 HKSE 21,056.98 ⬇️ 409.29
🇬🇧 FTSE 8,275.60 ⬆️ 26.48
Energy/Precious Metal
⛽️ Crude Oil $62.60 ⬆️ 1.27
⛽️ Brent Oil $65.97 ⬆️ 1.30
⚜️ Gold $3,357.70 ⬆️ 117.30
🌴 Palm Oil MYR4,015 ⬇️ 28
Currency
💵 USD/MYR 4.4080
💴 CNY/MYR 0.6037
💵 SGD/MYR 3.3650
🌐 Global News
🔹 The S&P 500 closed sharply lower Wednesday, pressured by a Nvidia-led slump in tech and remarks from Federal Reserve Chairman Jerome Powell signaling that the Fed isn’t leaning toward cutting rates any time soon.
🔹 Oil prices rose nearly 2% on Wednesday to a two-week high on concerns about global supplies after Washington issued new sanctions targeting Chinese importers of Iranian oil.
🔹 The U.S. dollar index slid to around its lowest since April 2022 in a sign investors remained cautious about U.S. assets.
Sources from:
https://www.investing.com/news/stock-market-news/us-stock-futures-dip-as-nvidia-warning-spooks-tech-tariff-fears-persist-3987014
Investing.com
U.S. stock futures fall after Nvidia warning; tariff fears persist By Investing.com
The Star : Business Feed
Oil rises as new US sanctions target Iran's exports
Oil rises as new US sanctions target Iran's exports
The Star
Oil rises as new US sanctions target Iran's exports
Oil prices rose nearly 2% on Wednesday to a two-week high on concerns about global supplies after Washington issued new sanctions targeting Chinese importers of Iranian oil.
*SHORT TERM TREND*
*FKLI*
Trend: *SIDEWAY*
Might change if price breaks 1459 / 1472.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4142.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 40336.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 61.80.
*GOLD*
Trend : *UP*
Might change if price breaks below 3292.20.
*HSI*
Trend : *DOWN*
Might change if price breaks above 21217.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
*FKLI*
Trend: *SIDEWAY*
Might change if price breaks 1459 / 1472.
*FCPO*
Trend: *DOWN*
Might change if price breaks above 4142.
*Mini Dow*
Trend: *DOWN*
Might change if price breaks above 40336.
*Crude Oil*
Trend: *UP*
Might change if price breaks below 61.80.
*GOLD*
Trend : *UP*
Might change if price breaks below 3292.20.
*HSI*
Trend : *DOWN*
Might change if price breaks above 21217.
Disclaimer:
Please be informed that the information above is solely for the purpose of sharing and does not constitute a buy or sell call.
The Star : Business Feed
Intel will need licence to export AI chips to Chinese clients, FT reports
Intel will need licence to export AI chips to Chinese clients, FT reports
The Star
Intel will need licence to export AI chips to Chinese clients, FT reports
AMERICAN chipmaker Intel has informed Chinese clients it will start needing a license to sell some of its advanced artificial intelligence processors, the Financial Times reported on Wednesday.
The Star : Business Feed
Indices drop as Fed's Powell says growth may be slowing
Indices drop as Fed's Powell says growth may be slowing
The Star
Indices drop as Fed's Powell says growth may be slowing
US stocks ended sharply lower on Wednesday as Nvidia warned about steep charges from new US curbs on its chip exports to China and Federal Reserve chair Jerome Powell said US economic growth appears to be slowing.
The Star : Business Feed
China-Malaysia ties to buoy exports, tech sector
China-Malaysia ties to buoy exports, tech sector
The Star
China-Malaysia ties to buoy exports, tech sector
Chinese President Xi Jinping's three-day state visit to Malaysia marks a significant milestone as both countries seek to strengthen their economic ties, culminating in the signing of a total of 21 memorandums of understanding (MoUs) yesterday.
‼️🚨 *Trading halt and resumption: HIBISCS*
📣 Trading in the shares of Hibiscus Petroleum (HIBISCS) will be suspended from 9:00am today (17 April 2025) and will only resume trading at 10:00am this morning.
HIBISCS交易将于今日（2025 年 4 月 17 日）上午 9 点起暂停，并于今天上午 10 点恢复交易
You may refer to this notice on the Bursa Malaysia’s website: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3544333
📣 Trading in the shares of Hibiscus Petroleum (HIBISCS) will be suspended from 9:00am today (17 April 2025) and will only resume trading at 10:00am this morning.
HIBISCS交易将于今日（2025 年 4 月 17 日）上午 9 点起暂停，并于今天上午 10 点恢复交易
You may refer to this notice on the Bursa Malaysia’s website: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3544333
The Star : Business Feed
Losses on Bursa Malaysia limited by optimism over China visit
Losses on Bursa Malaysia limited by optimism over China visit
The Star
Losses on Bursa Malaysia limited by optimism over China visit
KUALA LUMPUR: Investors on Bursa Malaysia shrugged off a tech-driven slump on Wall Street overnight as news of further Malaysia-China cooperations helped to keep the domestic market on an even keel.
鲍威尔谈关税影响
让美联储陷入两难境地
美国联邦储备局主席鲍威尔星期三（4月16日）警告，美国总统特朗普近期推动的关税政策可能推升通货膨胀、拖累经济成长。
https://www.enanyang.my/node/661557
让美联储陷入两难境地
美国联邦储备局主席鲍威尔星期三（4月16日）警告，美国总统特朗普近期推动的关税政策可能推升通货膨胀、拖累经济成长。
https://www.enanyang.my/node/661557
e南洋
鲍威尔谈关税影响 让美联储陷入两难境地
美国联邦储备局主席鲍威尔星期三（4月16日）警告，美国总统特朗普近期推动的关税政策可能推升通货膨胀、拖累经济成长。
担心特朗普关税冲击
世贸下调全球贸易展望
随着美国关税飙升和更广泛的不确定性冲击国际贸易，世界贸易组织（WTO）下调了对今年商品贸易的预测。
https://www.enanyang.my/node/661568
世贸下调全球贸易展望
随着美国关税飙升和更广泛的不确定性冲击国际贸易，世界贸易组织（WTO）下调了对今年商品贸易的预测。
https://www.enanyang.my/node/661568
e南洋
担心特朗普关税冲击 世贸下调全球贸易展望
随着美国关税飙升和更广泛的不确定性冲击国际贸易，世界贸易组织（WTO）下调了对今年商品贸易的预测。
The Star : Business Feed
Hibiscus Petroleum unit inks US$100mil financing with Bank Islam Brunei Darussalam and Baiduri Bank
Hibiscus Petroleum unit inks US$100mil financing with Bank Islam Brunei Darussalam and Baiduri Bank
The Star
Hibiscus Petroleum unit inks US$100mil financing with Bank Islam Brunei Darussalam and Baiduri Bank
KUALA LUMPUR: Hibiscus Petroleum Bhd via its wholly-owned subsidiary, Simpor Hibiscus Sdn Bhd, has entered into a long-term US$100mil syndicated Islamic financing facilities agreement with Bank Islam Brunei Darussalam and Baiduri Bank in Brunei.