Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Newly-listed Pantech Global Bhd (KL:GLOBAL) has bought a parcel of industrial land in Klang, Selangor, for RM29 million in a bid to fast-track its expansion plans, while scrapping its earlier land acquisition earmarked under its initial public offering (IPO) exercise.

THE 25% tariff on Malaysian exports to the US has certainly given local furniture makers, who were already suffering from earnings contractions since the Covid-19 pandemic, the jitters. Industry players are crying foul over what has been described as an “abrupt and severe measure” by the Trump ad...

Since the beginning of the year, local market sentiment has been lacklustre, with the benchmark FBM KLCI dropping 7.49% — one of the underperformers in the region. Net selling of shares on Bursa Malaysia by foreign funds amounted to RM12.61 billion during this period.

KUALA LUMPUR: Banking and finance remain the least syariah-compliant sector on Bursa Malaysia, with only five counters meeting the criteria set by the syariah Advisory Council (SAC) of the Securities Commission (SC).

KUALA LUMPUR: Suruhanjaya Sekuriti (SC) Malaysia mengumumkan sebanyak 41 sekuriti disenaraikan sebagai patuh syariah manakala sembilan lagi dikeluarkan daripada senarai itu, berkuat kuasa hari ini.

KUALA LUMPUR: A total of 41 securities have been classified as shariah-compliant securities, while nine have been classified as shariah non-compliant securities, according to the latest report by the Securities Commission (SC) Malaysia.

KUALA LUMPUR: The Securities Commission Malaysia (SC) has removed nine companies and added 41 new names to its list of Shariah-compliant securities, following its latest biannual review conducted by the Shariah Advisory Council (SAC).

KUALA LUMPUR: The Securities Commission Malaysia (SC) has removed nine companies and added 41 new names to its list of syariah-compliant securities, following its latest biannual review conducted by the Syariah Advisory Council (SAC).

（吉隆坡14日讯）令吉汇率自4月以来持续升值，分析师认为，本地货币的强势走势将缓冲企业的投入成本，并提升消费和制造业的赚幅。MIDF证券研究在分析报告中指出，令吉走强为面向国内市场的企业提供明显利好，尤其是那些严重依赖美元计价货源的企业，例如包装材料、原材料和进口商品。对于出口驱动型的企业，在盈利换算方面或会迎来不利，例如亚洲文件夹（ASIAFLE，7129，主要板消费）和侬根国际（RKI，7006，主要板消费）。今年4月，在亚洲货币普遍升值带动下，令吉兑美元升值...

The ringgit’s continued rally is cushioning input costs and boosting margins across consumer and manufacturing sectors, MIDF Research said on Wednesday.

PETALING JAYA: The consumer sector is poised for growth in financial year 2025 (FY25) underpinned by an anticipated boost in domestic consumer spending and robust tourism activity.

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

Furniture maker Rhong Khen International Bhd (KL:RKI) is selling its Vietnamese indirect subsidiary RT Industries Company Ltd (RTI) to Singapore-based Maideli Pte Ltd for US$7.12 million (RM31.66 million) in cash. The sale is expected to yield a gain of up to RM15.5 million for Rhong Khen. This move is part of the group’s strategy to streamline operations, reduce costs amid challenging market conditions, and strengthen its liquidity position.

（吉隆坡23日讯）侬根国际（RKI,7006,主板消费产品服务组）将以711万5020美元（约3166万1839令吉）把旗下子公司——RT工业公司的100％股权售予新加坡Maideli私人有限公司，脱售所得将作为日常营运资本和偿还贷款。该公司发文告表示，旗下子公司——L-Tree资源私人有限公司和RK资源有限公司和Maideli私人有限公司签署协议，将以711万5020美元脱售越南RT工业公司100％股权予后者。“冠病疫情在2020年爆发后，导致整体市况不佳，原定建设沙发工厂遭到搁置，加上为...

（吉隆坡20日讯）国内就业市场稳定续推动内需、私人开销及经济稳定走强支撑消费者支出、特定原产品价格趋低等利好，都带稳国内消费领域，分析员仍维持乐观展望，首选星狮（F&N,3689,主板消费产品服务组）和永旺（AEON,6599,主板消费产品服务组）。首选星狮永旺国家银行上周五（15日）公布今年第三季国内生产总值（GDP），如市场预期取得5.3％增长，而截至今年9月底的国内零售贸易维持稳健增幅，按年升高5.5％，至644亿令吉，使得今年首9个月消费共达5693亿令吉，胜过前期5364亿...

KUALA LUMPUR: The ringgit is poised to extend its rally after being the best-performing currency in Asia, rising by 11.28 per cent against the US dollar since the start of the year. This was followed by Thai Baht of 4.54 per cent ...

THE total net earnings of the FBM KLCI’s 30 component stocks in the second quarter (2Q) of the year amounted to RM18.7 billion, representing 22.3% growth compared with the same quarter a year ago. All in, 23 companies reported better earnings year on year (y-o-y), led by IOI Corp Bhd (K...

MIDF Research foresees continuous currency pressure on companies that import raw materials, predominantly food and beverage (F&B) and livestock producers.

券商 ：MIDF证券研究投资建议 ：买进目标价 ：1.60令吉闭市价 ：1.35令吉 （截至5月28日）每股收益 ：7.9仙 （2024财年估计）本益比 ：14.7倍 （2024财年估计）股息收益率：1.7% （2024财年估计）在美国库存过剩问题得到解决、消费者情绪改善及有利的外汇等利好因素驱动下，预计将为侬根国际（RKI，7006，主要板消费）更乐观的前景提供支持。展望未来，消费者情绪和家具需求都会有所改善，主要是基数较低与利率环境获得了改善。由于侬根国际的出口销售占总营业额近90%，...