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Analysts are staying cautious on the technology sector, given mixed fundamentals over the short-to-mid-term.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
The ongoing shift in the global supply semiconductor chain as a result of Sino-US trade tensions can benefit Malaysia's established semiconductor sector, provided there is support in the form of right policies and incentives to attract the investments flows.
KUALA LUMPUR: Stocks to watch today include Capital A Bhd, Tuju Setia Bhd, Tenaga Nasional Bhd (TNB), Coastal Contracts Bhd, Dagang Nexchange Bhd (DNeX), Powerwell Holdings Bhd and Telekom Malaysia Bhd (TM).
Gamuda Bhd is going big into the cloud business by investing RM18mil in a Malaysian start-up offering Google Cloud solutions and by joining hands with Dagang NeXchange Bhd (Dnex) for a sovereign cloud solution.
PETALING JAYA: Gamuda Bhd’s wholly-owned subsidiary in Australia, DT Infrastructure Pty Ltd has secured a RM1.8bil (A$625mil) engineering, procurement and construction (EPC) in Australia.
Gamuda Bhd’s recent venture into the cloud and artificial intelligence (AI) space is being viewed as a positive move.
KUALA LUMPUR: Dagang Nexchange Bhd's sub-subsidiary Innovation Associates Consulting Sdn Bhd has accepted a contract from the Securities Commission for the implementation of a registration, licensing and authorisation platform known as Aras 2.0 Application onboarding and data migration.
KUALA LUMPUR: There could be investor interest in the folowing stocks including PETRONAS Dagangan, Kuala Lumpur Kepong, Batu Kawan, Media Prime, Dagang Nexchange and Gamuda, said Apex Research.
Hibiscus Petroleum Bhd and Dagang Nexchange Bhd (DneX) have agreed to a ”farm-in agreement” for Licence P2451 with Rapid Oil Production Ltd.
KUALA LUMPUR: Stocks with recent corporate new flow that could come into focus on Wednesday include Betamek, Dagang Nexchange, MyEG, Cuscapi, SCIB, Samaiden, MY DIY and Hup Seng, said Apex Research.
PETALING JAYA: Dagang NeXchange Bhd’s (Dnex) wholly-owned subsidiary, Dagang Net Technologies Sdn Bhd, has tied up with Conex SAS to streamline European Union (EU) trade compliance for Malaysian exporters.
PETALING JAYA: Dagang NeXchange Bhd’s (Dnex) wholly-owned subsidiary, Dagang Net Technologies Sdn Bhd, is tying up with Conex SAS to streamline European Union (EU) trade compliance for Malaysian exporters.
KUALA LUMPUR: Dagang Nexchange Bhd (Dnex) said its wholly-owned subsidiary Dnex Solutions Sdn Bhd has entered into a joint venture and shareholders agreement with Gamuda Technologies Sdn Bhd, a unit of Gamuda Bhd, to manage and operate the business of providing Google Distributed Cloud (GDC) air-gapped services to the government and private clients in Malaysia.
PETALING JAYA: Kenanga Research anticipates a rise in demand for cloud services as global cloud service providers (CSPs) continue to invest heavily in data centres, cloud and artificial intelligence (AI) infrastructure in Malaysia.
KUALA LUMPUR: Stocks in focus on Wednesday include Petronas Chemicals Group, Sarawak Consolidated Industries, Dialog Group, Duopharma Biotech, Yong Tai, Dagang Nexchange, Chin Hin Group, Borneo Oil and Caely Holdings, said JF Apex Research.
KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) has appointed Faizal Sham Abu Mansor as its group CEO, effective Nov 1, 2024.
Dagang NeXchange Bhd (Dnex)’s near-term priority is the reactivation of the brown field, Abu Cluster, targeting first oil production in the second half of 2025, at an anticipated rate of 2,500 barrels per day.
PETALING JAYA: Fluctuations in crude oil prices will not affect companies’ fundamentals, as most oil and gas companies listed in Malaysian are service providers, according to Affin Hwang Research.
KUALA LUMPUR: Shares in HeiTech Padu Bhd have been suspended on Friday, pending a material announcement from the company related to a material contract.
