HSBC Sees 10 Pct Upside For FBM KLCI By Year-end

By Abdul Hamid A Rahman

KUALA LUMPUR, July 1 (Bernama) -- HSBC Private Bank and Premier Wealth has set a year-end target of 1,850 points for the FTSE Bursa Malaysia KLCI (FBM KLCI), implying about 10 per cent upside from current levels.

Bursa Malaysia Issues UMA Query To Skygate After Share Price Surge

KUALA LUMPUR, July 1 (Bernama) -- Bursa Malaysia has issued an unusual market activity (UMA) query to Skygate Solutions Bhd following a sharp rise in the company's share price.

Electricity Consumption Of Data Centres Expected To Surge To 31 Pct By 2035

KUALA LUMPUR, July 1 (Bernama) --  Electricity consumption by the data centre sector is expected to increase significantly to 31% - equivalent to 73,274 gigawatt-hours (GWh) - by 2035, up from 7% or 10,544 GWh in 2026.

Ant International's KL Hub To Create Jobs, Boost Local Capabilities -- PM Anwar

KUALA LUMPUR, July 1 (Bernama) -- Ant International’s decision to establish its Global Operations Centre in Kuala Lumpur will help create jobs and strengthen local capabilities, Prime Minister Datuk Seri Anwar Ibrahim said, as Malaysia seeks to position itself as a regional hub for digital technology and artificial intelligence (AI).

Maybank Indonesia Established As Financial Conglomerate Holding Company

JAKARTA, June 30 (Bernama) -- Maybank Indonesia's shareholders have approved the bank's establishment as the operational holding company of the Maybank Financial Conglomerate in Indonesia.

Bina Puri Gets Lenders’ Approval In Principle For Restructuring Scheme

KUALA LUMPUR, June 29 (Bernama) -- Bina Puri Holdings Bhd has received approval in principle from participating lenders for its proposed restructuring scheme (PRS), following mediation by the Corporate Debt Restructuring Committee (CDRC).

Fully Liberalised Gas Market Needed To Boost Competition, Investment-- MGA President

By Harizah Hanim Mohamed

KUALA LUMPUR, June 29 (Bernama) -- A fully liberalised gas market based on a willing seller-willing buyer principle, coupled with the removal of the gas price cap, is needed to attract more international players and spur a more competitive industry, said Malaysia Gas Association (MGA) president Abdul Aziz Othman.

Silver Ridge Says No Undisclosed Developments Behind Share Price Drop

KUALA LUMPUR, June 29 (Bernama) -- Silver Ridge Holdings Bhd (SRHB) said it is not aware of any undisclosed corporate developments, rumours or other factors that could explain the sharp decline in its share price, following an unusual market activity (UMA) query from Bursa Malaysia.

ACE Market Debutant RT Pastry Eyes East Coast Expansion

KUALA LUMPUR, June 29 (Bernama) -- ACE Market debutant RT Pastry Holdings Bhd plans to channel its initial public offering (IPO) proceeds into expansion in the East Coast due to strong untapped demand and limited competition from retail bakery chains, chief operating officer Tia Yu Hoo said.

Uptrend Seen On Bursa Malaysia Next Week On Stock Rotation Factor

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, June 27 (Bernama) -- Bursa Malaysia is expected to trade higher next week as investors continue rotating from high-growth technology stocks into blue-chip and defensive sectors amid a more cautious global market environment.

GTA Holdings Receives Bursa Malaysia Approval For ACE Market Listing

KUALA LUMPUR, June 26 (Bernama) -- Aviation maintenance company GTA Holdings Bhd has received Bursa Malaysia approval for listing on the ACE Market.

Bursa Malaysia Ends Slightly Higher As Late Rebound In Banking Stocks Lifts Market

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, June 26 (Bernama) -- Bursa Malaysia reversed earlier losses to settle slightly higher on Friday, supported by a late rebound in banking stocks that lifted the benchmark index into positive territory just minutes before the market closed, an analyst said.