China dah Mula recover

Chinese equities had a strong day as markets cheered the approval of a deal to raise the U.S. debt ceiling and avert a default. The Hang Seng had its best day in three months while Japan’s Nikkei 225 index hit fresh 33-year highs.

stocks in China pun dah start rebound.... just a matter of time, sabar ya!

Serving Allah, Respect For The People And Environment

Direct deal to date :)

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
01/06/2021 00:00:00 0.2150 0.0250 500,000 500,000 107,500 107,500 0.2150 0.0760 -
30/08/2018 00:00:00 0.1300 - 100,000 100,000 13,000 13,000 0.1300 0.0152 -
30/03/2018 00:00:00 0.1500 0.0100 100,000 100,000 15,000 15,000 0.1500 0.0152 -


Summary from 06/01/2009 to 01/06/2021
Highest Price 0.4600 First Occurred on 21/01/2009
Lowest Price 0.1300 First Occurred on 12/06/2013
Highest Volume 10.000m First Occurred on 15/01/2009

terkini https://www.picorp.com.my/about-corporate

juga dah tua :)

ZAIDAH BINTI MOHD SALLEH
Non-Independent
Non-Executive Director
Female, Age 68, Malaysia

Date of Appointment: 1 November 1990
Board Meeting Attendance in 2021: 8/8

Board Committees Membership(s):
Member of Audit Committee.

Academic/Professional Qualification/Membership(s):

University of Malaya with Bachelor of Economics (Accounting) (1977)
Advance Diploma in Accounting (1978)
Member of the Malaysian Institute of Accountants
Chartered Accountant, Malaysian Institute of Accountants
Member of Institute of Corporate Directors Malaysia

Experience:
Co-founder of PICORP Group of Companies
Company Secretary of PICORP Group of Companies
Group Executive Director, PICORP Group of Companies (2003-2009)
Group Financial Controller, PICORP Group of Companies (1993-2003)
Senior Accountant (Operations), Telekom Malaysia (1989-1993)
Regional Accountant, Regional Accounts Division, Telekom Malaysia (1984-1989)
Financial Controller (“G”) Jabatan Telekom (1981-1984)
Accountant, Jabatan Telekom (1978-1981)

She is the spouse of Zaid bin Abdullah, mother of Usamah bin Zaid and Fatimah Zahrah binti Zaid and a major shareholder of PICORP.

dah 71, very likely, jualkan semua kpd konglomerat

ZAID BIN ABDULLAH
Executive Deputy Chairman
Male, Age 71, Malaysia

Date of Appointment: 1 November 1990
Board Meeting Attendance in 2021: 8/8
Academic/Professional Qualification/Membership(s):

Bachelor of Economics (Accounting), University of Malaya
Advance Diploma in Accounting, University of Malaya
Member of Malaysian Institute of Accountants (MIA)
Member of Institute of Corporate Directors Malaysia

Experience:
The founder of PICORP Group of Companies
Group Executive Director of Shapadu Group of Companies (1982-1992)
Director of Finance in Shapadu Corporation (1978 – 1982)

Award and recognition:
Most Promising Entrepreneurship Award | APEA 2013

He is the spouse of Zaidah binti Mohd Salleh, father of Usamah bin Zaid and Fatimah Zahrah binti Zaid and a major shareholder of PICORP.

mau beli, cepat sedikit... bila naik, agak laju nanti :)

PGSV Historical Data
Time Frame:
Monthly
Download Data
06/07/2021 - 06/07/2023

Date

Price

Open

High

Low

Vol.

Change %
06/01/2023 0.080 0.085 0.085 0.075 4.53M -5.88%
05/01/2023 0.085 0.100 0.105 0.085 862.90K -15.00%
04/01/2023 0.100 0.095 0.110 0.090 3.30M +5.26%
03/01/2023 0.095 0.335 0.340 0.090 439.19M -71.64%
02/01/2023 0.335 0.280 0.350 0.270 349.99M +19.64%
01/01/2023 0.280 0.260 0.295 0.230 365.37M +7.69%
12/01/2022 0.260 0.200 0.260 0.200 369.10M +30.00%
11/01/2022 0.200 0.150 0.205 0.145 328.82M +37.93%
10/01/2022 0.145 0.085 0.150 0.080 106.46M +70.59%
09/01/2022 0.085 0.085 0.095 0.080 2.12M -5.56%
08/01/2022 0.090 0.085 0.100 0.080 3.36M +5.88%
07/01/2022 0.085 0.085 0.095 0.080 2.24M -10.53%
06/01/2022 0.095 0.095 0.105 0.085 3.95M 0.00%
05/01/2022 0.095 0.100 0.115 0.095 6.71M -9.52%
04/01/2022 0.105 0.095 0.110 0.095 7.80M +10.53%
03/01/2022 0.095 0.100 0.105 0.085 4.83M -5.00%
02/01/2022 0.100 0.105 0.120 0.095 10.09M 0.00%
01/01/2022 0.100 0.105 0.125 0.095 26.38M -4.76%
12/01/2021 0.105 0.095 0.105 0.090 7.21M +10.53%
11/01/2021 0.095 0.115 0.115 0.095 14.19M -17.39%
10/01/2021 0.115 0.125 0.130 0.115 27.71M -8.00%
09/01/2021 0.125 0.160 0.160 0.125 76.22M -19.35%
08/01/2021 0.155 0.155 0.175 0.150 105.52M 0.00%
07/01/2021 0.155 0.160 0.195 0.155 388.17M -3.12%
Highest: 0.350 Lowest: 0.075 Difference: 0.275 Average: 0.132 Change %: -50.000

The Dow rose 10.42 points, or 0.03%, to 33,573.28, the S&P 500 gained 10.06 points, or 0.24%, to 4,283.85 and the Nasdaq added 46.99 points, or 0.36%, to 13,276.42. — Reuters

BENGALURU: US stocks closed up on Tuesday, helped by some advances in economically sensitive sectors, as investors awaited inflation data and the Federal Reserve's policy meet next week.

Inflation data is expected to show consumer prices cooled slightly on a month-over-month basis in May but core prices are likely to have remained elevated, and the Fed is widely expected to hold interest rates.

Major indexes wavered as investors took a breather after pushing the S&P 500 up almost 20% from its October 2022 lows, boosted by gains in megacap stocks, a stronger-than-expected earnings season and hopes that the US central bank is nearing the end of its interest rate-hike cycle.

The Dow Jones Industrial Average rose 10.42 points, or 0.03%, to 33,573.28, the S&P 500 gained 10.06 points, or 0.24%, to 4,283.85 and the Nasdaq Composite added 46.99 points, or 0.36%, to 13,276.42.

"It looks like investors are gaining a little optimism," said Cresset Capital CIO Jack Ablin.

"The narrowness in the market where everyone was focused on the top seven names or so is starting to dissipate a little bit and that's good news."

Financials rose 1.33% to lead gains among the 11 major S&P 500 sectors, while the KBW regional banking index jumped 5.41%. The Russell 2000 index of small-cap companies added 2.69%.

Recent economic data and dovish remarks from Fed officials have raised the odds of the Fed holding interest rates at its June 13-14 meeting.

Fed fund futures indicate traders have priced in a near 80% chance that the central bank will hold interest rates in the 5%-5.25% range, according to CMEGroup's Fedwatch tool. However, they see 50% odds of another 25-basis-point rate hike in July.

Coinbase Global plunged 12.09% after the US Securities and Exchange Commission sued the crypto exchange, accusing it of illegally operating without having first registered with the regulator.

Apple Inc extended losses to slip 0.21%, a day after the iPhone maker unveiled a costly augmented-reality headset called the Vision Pro, barging into a market dominated by Meta.

Advanced Micro Devices rose 5.34% after Piper Sandler raised the price target on the stock to $150, the second highest on Wall Street, as per Refinitiv data.

Advancing issues outnumbered declining ones on the NYSE by a 3.47-to-1 ratio; on Nasdaq, a 2.59-to-1 ratio favored advancers.

The S&P 500 posted 17 new 52-week highs and 5 new lows; the Nasdaq Composite recorded 98 new highs and 69 new lows. — Reuters

30% dah digelar associate company:)

Baguslah jika picorp dimiliki konglomerat

Jakel punya bos mungkin muncul Sebagai pemegang syer terbesar nanti macam cypark

Balik 15-20sen, cukup dah... tak perlu tunggu 35sen ...

Founder maybe exit, jualkan semua kpd konglomerat

KUALA LUMPUR: Local institutional investors turned net buyers on Bursa Malaysia last week amounting to RM372.9 million, according to MIDF Research. In its weekly fund flow report, the firm said year to date, they had been net buyers of domestic equities for 16 out of 22 weeks, with a total net inflow of RM2.79 billion.

PRN in July... terbang balik Q4, 2023... believe & simpan, strategi mudah

Terbaik dah tua, mengundurkan diri


Save Print Back

7201 PICORP PROGRESSIVE IMPACT CORPORATION
Change in Boardroom
Date of Change: 30/05/2023
Type of Change: Retirement
Designation: Chairman
Directorate: Ind & N/Exec
Name: ABDUL HAMID BIN SAWAL
Age: 74
Country:
Nationality: Malaysia
Qualifications:
Working Experience and Occupation:
Directorship of public companies (if any):
Family relationship with any director and/or major shareholder of the listed issuer:
Details of any interest in the securities of the listed issuer or its subsidiaries:
Remarks:
Datuk Abdul Hamid bin Sawal's retirement took effect upon the conclusion of
the 31st Annual General Meeting held on 30 May 2023.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

30/05/2023 07:00 AM


Ref Code: 202305303300818

Patutlah dah tua... Bersara... tak macam mamakutty

:)


Save Print Back

7201 PICORP PROGRESSIVE IMPACT CORPORATION
Change in Audit Committee
Date of Change: 30/05/2023
Type of Change: Retirement
Designation: Others
Directorate: Ind & N/Exec
Name: LEE WENG CHONG
Age: 65
Country:
Nationality: Singapore
Qualifications:
Working Experience and Occupation:
Directorship of public companies (if any):
Family relationship with any director and/or major shareholder of the listed issuer:
Details of any interest in the securities of the listed issuer or its subsidiaries:
Composition of Audit Committee After Change:
Dato' Hajjah Rosnani Binti Ibarahim - Chairperson (Independent
Non-Executive Director)Zaidah Binti Mohd Salleh - Member (Non-Independent
Non-Executive Director)Kamarul Baharin Bin Albakri - Member (Independent
Non-Executive Director)
Remarks:
Mr Lee Weng Chong's retirement took effect upon the conclusion of the 31st
Annual General Meeting held on 30 May 2023.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

30/05/2023 07:00 AM


Ref Code: 202305305000829

lelong price 8sen.... satu jual satu beli... nanti reversal of trend... grab cepat

INDONESIA’S defence minister has proposed a peace plan for the war in Ukraine, calling for a demilitarised zone and a United Nations referendum in what he called disputed territory.

Prabowo Subianto called on defence and military officials from around the globe gathered at the Shangri-La Dialogue defence meeting in Singapore to issue a declaration calling for a cessation to hostilities.

He proposed a multi-point plan including a ceasefire “in place at present positions of both conflicting parties” and establishing a demilitarised zone by withdrawing 15km from each party’s forward position.

The demilitarised zone should be observed and monitored by a peacekeeping force deployed by the United Nations, he said, adding that a UN referendum should be held “to ascertain objectively the wishes of the majority of the inhabitants of the various disputed areas”.

“I propose that the Shangri-La dialogue find a mode of... voluntary declaration urging both Ukraine and Russia to immediately start negotiations for peace,” Prabowo said.

Indonesia’s proposal follows President Joko Widodo’s visit to Moscow and Kyiv, where he offered to play peace broker between their leaders and rekindle peace talks. He was also chairman of the G20 group of major economies at the time.

Speaking on the same panel, Josep Borrell Fontelles, high representative and vice-president of the European Union’s European Commission, noted that if military support for Ukraine stopped, the war would quickly end - but with that country’s sovereignty falling to outside aggression.

“We cannot stop supporting militarily Ukraine because we don’t want the peace which is ... the peace of the surrender. The peace of the stronger,” Borrell said.

Ukrainian President Volodymr Zelenskiy has proposed a 10-point peace plan, which calls on Russia to withdraw all its troops from Ukraine. Chief diplomatic adviser Ihor Zhovkva said Ukraine had no interest in a ceasefire that locks in Russian territorial gains.

- Reuters

THE POWER OF BALANCING EMOTIONS IN INVESTING

China pun makin pulih, accumulate cheap solid share...rotational play by haji & hajjah:)

Chinese ports' container throughput up 4.8 pct in first four months of 2023 xhtxs.cn/IH2

External factor also boosts share price next Friday


Washington, June 3, 2023 (AFP) - US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of wrangling, moving to avert a catastrophic, self-induced default in the world's biggest economy.

The Fiscal Responsibility Act of 2023 authorizes the government to extend the so-called debt ceiling to renew borrowing, keeping the bills paid. The Treasury had warned that if the debt ceiling was blocked beyond Monday, the country would default on its $31 trillion debt.

A default would have likely triggered market panic, huge job losses and a recession, with global implications.

In a statement Saturday, the White House thanked the Republican and Democratic leaders in Congress "for their partnership."

In a rare Oval Office address late Friday, Biden said that the debt ceiling bill saved the country from "economic collapse."

Speaking from behind the historic Resolute Desk on live primetime television, Biden said the deal resolving the standoff between Democrats and Republicans was a compromise where "no one got everything they wanted."

However, "we averted an economic crisis," he said.

Oval Office addresses have always been reserved by presidents for moments of unique national danger or importance.

Biden used the occasion to project a reassuring, calm tone. Sprinkling his speech with chuckles and smiles, he praised his opponents for negotiating in good faith and promised Americans that he had never felt more optimistic.

Biden said that Congress has now preserved "the full faith and credit of the United States."

But even with the House and Senate putting aside differences to finally rush through the agreement over the last week, the US economy's reputation took a hit.

Ratings agency Fitch said Friday that it is keeping the United States' "AAA" credit rating on negative watch, despite the deal.

The debt ceiling is usually an uncontroversial accounting maneuver approved yearly by Congress. It allows the government to keep borrowing money to pay for bills already incurred.

This year, hard-right Republicans dominating their party's narrow majority in the House of Representatives decided to use the must-pass vote as leverage for forcing Biden into accepting cuts to many Democratic spending priorities.

This triggered a test of political strength that threatened to end in chaos before the two sides agreed this week on raising the debt ceiling while freezing some budgetary spending in return – yet stopping well short of Republican demands for cuts.

Kevin McCarthy, the speaker of the Republican-led House, had touted the compromise bill as a big victory for conservatives, although he faced a backlash from hardliners on the right who said he made too many concessions.

But Biden, who is campaigning for re-election in 2024, sees the dramatic resolution to the crisis as a win, showcasing his negotiating powers and his pitch to be the moderate voice in an increasingly extreme political landscape.

He burnished those credentials in the speech by going out of his way to praise McCarthy, a politician long loyal to former president Donald Trump – the man Biden defeated in 2020 and who is seeking his own return in 2024.

"I want to commend Speaker McCarthy. You know, he and I, we and our teams, were able to get along, get things done," Biden said.

The Dow rose 701.19 points, or 2.12%, to 33,762.76, the S&P 500 gained 61.35 points, or 1.45%, to 4,282.37 and the Nasdaq added 139.78 points, or 1.07%, to 13,240.77. — Reuters

BENGALURU: US stocks closed higher on Friday after a labour market report showing moderating wage growth in May indicated the Federal Reserve may skip a rate hike in two weeks, while investors welcomed a Washington deal that avoided a catastrophic debt default.

The tech-heavy Nasdaq index surged to a 13-month intraday high and posted its sixth-straight week of gains that marked its best winning streak since January 2020.

Brent futures rose US$1.85, or 2.5%, to settle at US$76.13 a barrel, while US West Texas Intermediate (WTI) crude rose US$1.64, or 2.3%, to settle at US$71.74.

NEW YORK: Oil prices rose over 2% on Friday after the US Congress passed a debt ceiling deal that averted a government default in the world's biggest oil consumer and jobs data fueled hopes for a possible pause in Federal Reserve interest rate hikes.

The focus is now turning to a meeting of Opec and its allies this weekend.

As two of our esteemed Board of Directors, Datuk Abdul Hamid bin Sawal and Mr. Lee Weng Chong, bid their farewells and enter a well-deserved retirement, PICORP would like to express our deepest gratitude for their exceptional leadership. Their unwavering commitment to guide the Group to remarkable heights will always be remembered. We wish both of them the best in their retirement and hope they enjoy a life filled with joy, good health, and cherished moments.

https://www.picorp.com.my/about-corporate

Allah akan laknat korang :)

Usah Bodohkan retailers lagi

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Progressive Impact Corporation Berhad
Serving Allah, Respect For The People And Environment

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Board Of Directors

DATUK SYED HISHAM SYED WAZIR
Chairman, Independent
Non-Executive Director
Male, Age 69, Malaysia

ZAID BIN ABDULLAH
Executive Deputy
Chairman
Male, Age 71, Malaysia

DATO’ DR. LUKMAN BIN IBRAHIM
Group Executive Director
Male, Age 57, Malaysia

ZAIDAH BINTI MOHD SALLEH
Non-Independent
Non-Executive Director
Female, Age 68, Malaysia

DATO’ HAJJAH ROSNANI BINTI IBARAHIM
Independent
Non-Executive Director
Female, Age 69, Malaysia

KAMARUL BAHARIN BIN ALBAKRI
Independent
Non-Executive Director
Male, Age 60, Malaysia

USAMAH BIN ZAID
Alternate Director To
Zaid Bin Abdullah
Male, Age 39, Malaysia

FATIMAH ZAHRAH BINTI ZAID
Alternate Director To
Zaidah Binti Mohd Salleh
Female, Age 38, Malaysia
Management Team

HAMSIAH BINTI KHALID
Group Chief Financial Officer
USAMAH BIN ZAID
Chief Executive Officer
Alam Sekitar Malaysia Sdn. Bhd
DATO’ DR. LUKMAN BIN IBRAHIM
Group Executive Director
Progressive Impact Corporation Berhad
ABDULLAH OMAR
Chief Executive Officer
Saudi Asma Environmental
Solutions LLC
DR. CHIN TEEN TEEN
Chief Executive Officer
ALS Technichem
(M) Sdn. Bhd
& PT. ALS Indonesia

MALIZA BINTI MOHARI
Manager
Secretarial
NIK AZRAN IZHAR BIN NIK AHAMED
Manager
Facilities and Building Maintenance
ABD. RAZAK BIN MASIRUN
Manager II - Group IT Support
AZLI BIN MD ZIN
Group Senior Manager
Legal, Secretarial and Human Capital
AHMAD SHAHDAN BIN KASSIM
Senior General Manager
Research & Development
NADZRAH BINTI HASHIM
Senior General Manager
GED Office
AZIZAH BINTI SALLEH
Senior Manager
Finance
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×

ZAID BIN ABDULLAH
Executive Deputy Chairman
Male, Age 71, Malaysia

Date of Appointment: 1 November 1990
Board Meeting Attendance in 2021: 8/8
Academic/Professional Qualification/Membership(s):

Bachelor of Economics (Accounting), University of Malaya
Advance Diploma in Accounting, University of Malaya
Member of Malaysian Institute of Accountants (MIA)
Member of Institute of Corporate Directors Malaysia

Experience:
The founder of PICORP Group of Companies
Group Executive Director of Shapadu Group of Companies (1982-1992)
Director of Finance in Shapadu Corporation (1978 – 1982)

Award and recognition:
Most Promising Entrepreneurship Award | APEA 2013

He is the spouse of Zaidah binti Mohd Salleh, father of Usamah bin Zaid and Fatimah Zahrah binti Zaid and a major shareholder of PICORP.
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Progressive Impact Corporation Berhad (PICORP) is a public listed company on the main board of the Bursa Malaysia. Progressive Impact Corporation Berhad (PICORP) Group is Malaysia's Environmental Solution Provider.

Suite 5.02, Mercu PICORP Lot 10, Jalan Astaka U8/84, Bukit Jelutong, 40150 Shah Alam, Selangor Darul Ehsan.
(+603 7845 7566)
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Our Subsidiaries
Alam Sekitar Malaysia Sdn Bhd
Alam Sekitar Malaysia Sdn Bhd("ASMA")
ALS Technichem (Malaysia) Sdn Bhd
ALS Technichem (Malaysia) Sdn Bhd
ASMA Environmental Consultancy Sdn Bhd ASMA Environmental Consultancy Sdn Bhd
Alam Sekitar Eco-Technology Sdn Bhd
Alam Sekitar Eco-Technology Sdn Bhd
Saudi Asma Environmental Solutions LLC
Saudi Asma Environmental Solutions LLC ("Saudi Asma")
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Progressive Impact Technology Sdn Bhd
Progressive Impact Technology Sdn Bhd ("PITECH")
Foxboro (Malaysia) Sdn Bhd
Foxboro (Malaysia) Sdn Bhd
Progressive Impact Corrosion Sdn Bhd
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Haji & hajjah, usah gila Wang, jaga kepentingan pemegang syer minoriti. Usah jual agama macam parti politik pas :)

Kini tunggu perintAH HAJI DAN HAJJAH KASI HARGA SYER NAIK HAHAHA

Sesiapa yg kerap peralatkan agama, lagi mau Wang:)

Permainan syer oleh haji Dan hajjah untuk hidup mewah di duniawi :)

Founders, haji Dan hajjah bersubahat bersama

Selepas dapat syer Murah dengan banyak, pasti terbang

These hidden groups, buy-sell till 35sen, mow buy-sell till 8sen, then buy-sell up to 35sen again hahaha

Later, sudden chase all the way up

Ride on the 2 kumpulan manipulation, u sell I buy so that retailers let go their shares haha

2 groups probably.. 1 group sells to another group cheaply attracting retailers with fear, good strategy.. get cheap shArea from frightened retailers.later they would buy nonstop... average cost per share will be low for these 2 groups playing bad or good cop

Grabbing nonstop at 8sen.... showtime soon

Successfully tricked many cash desperate retailers to sell at great loss. Good strategy

Bila ia naik, pasti laju Dan tak dijangkakan

Retailers ditakutkan untuk mendapat syer mereka Dengan murah

Anytime, it would rocket... just keep your cool

KUALA LUMPUR: The ringgit traded higher against the US dollar in the early session today as investors await the release of the United States (US) nonfarm payrolls data later today, said a dealer.

At 9 am, the local note rose to 4.5990/6030 versus the greenback compared with Thursday’s closing of 4.6110/6165.

ActivTrades trader Dyogenes Rodrigues Diniz said investors were uncertain ahead of the release of the US nonfarm payrolls data.

"From a technical point of view, the Relative Strength Index (RSI) indicator shows that the US dollar/ringgit is in an overbought region and the ringgit could rise further if the price manages to break the 4.5860 level.

"If that is the case, the US dollar/ringgit could reach 4.5260, where it should find some solid support,” he said in a note today.

Meanwhile, Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said the ringgit could stabilise and might record a slight appreciation given the positive development on the US debt ceiling along with soft economic data that might lead to a more dovish stand by the US Federal Reserve.

In the meantime, the ringgit was traded lower against a basket of major currencies.

It went down to 3.3101/3132 against the Japanese yen from 3.2995/3036 at Thursday’s closing, declined against the euro to 4.9494/9537 from 4.9356/9415 and depreciated versus the British pound 5.7602/7653 from 5.7407/7475 yesterday.

The local note was traded mostly lower against other Asean currencies.

The ringgit fell against the Thai baht to 13.2823/3008 from 13.2569/2792 yesterday and slid against the Singapore dollar to 3.4117/4149 from Thursday’s 3.4095/4138.

It eased against the Indonesian rupiah at 306.6/307.1 from 307.4/308.0 on Thursday and was flat against the Philippine peso at 8.19/8.21. - Bernama

KUALA LUMPUR: The ringgit traded higher against the US dollar in the early session today as investors await the release of the United States (US) nonfarm payrolls data later today, said a dealer.

At 9 am, the local note rose to 4.5990/6030 versus the greenback compared with Thursday's closing of 4.6110/6165.

ActivTrades trader Dyogenes Rodrigues Diniz said investors were uncertain ahead of the release of the US nonfarm payrolls data.

"From a technical point of view, the Relative Strength Index (RSI) indicator shows that the US dollar/ringgit is in an overbought region and the ringgit could rise further if the price manages to break the 4.5860 level.

"If that is the case, the US dollar/ringgit could reach 4.5260, where it should find some solid support," he said in a note today.

Meanwhile, Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said the ringgit could stabilise and might record a slight appreciation given the positive development on the US debt ceiling along with soft economic data that might lead to a more dovish stand by the US Federal Reserve.

In the meantime, the ringgit was traded lower against a basket of major currencies.

It went down to 3.3101/3132 against the Japanese yen from 3.2995/3036 at Thursday's closing, declined against the euro to 4.9494/9537 from 4.9356/9415 and depreciated versus the British pound 5.7602/7653 from 5.7407/7475 yesterday.

The local note was traded mostly lower against other Asean currencies.

The ringgit fell against the Thai baht to 13.2823/3008 from 13.2569/2792 yesterday and slid against the Singapore dollar to 3.4117/4149 from Thursday's 3.4095/4138.

It eased against the Indonesian rupiah at 306.6/307.1 from 307.4/308.0 on Thursday and was flat against the Philippine peso at 8.19/8.21.

-- BERNAMA

Global equities rose on Thursday after the U.S. House of Representatives passed a bill to raise the federal debt ceiling, while U.S. Treasury yields fell as data reflected a cooling labor market that reduces the possibility of an interest rate hike by the Federal Reserve.

A bill that suspends the US$31.4 trillion debt ceiling - and averts a catastrophic government default - sailed through the House of Representatives on Wednesday after a majority of both Democrats and Republicans backed the measure despite opposition from hardline members of both parties. The U.S. Senate will follow up by considering the bill.

David Klink, senior equity analyst at Huntington Private Bank, said the debt-ceiling deal seems to have been well-telegraphed, with investors - conditioned by the debt dramas of the past decade - knowing it was coming.

"So it was like, buy the rumor, sell the news," Klink said.

The MSCI world equity index, which tracks shares in almost 50 countries, added 1.1 per cent. The pan-European STOXX 600 index rose 0.78 per cent after closing at a two-month low in the previous session.

On Wall Street, all three main indexes rose, led by stocks in technology, communication services, healthcare, industrials and financials.

The Dow Jones Industrial Average rose 0.47 per cent to 33,061.57, the S&P 500 gained 0.99 per cent to 4,221.02 and the Nasdaq Composite added 1.28 per cent to 13,100.98.

U.S. Treasury yields fell after Labor Department data on Thursday showed U.S. worker productivity slumped in the first quarter, indicating an easing of the tight labor market and reducing the likelihood of a rate hike.

The yield on benchmark U.S. 10-year Treasury notes dropped to 3.607 per cent, while the yield on the 30-year Treasury bond was down at 3.826 per cent.

The U.S. dollar drifted from a two-month high as investors trimmed bets based on lower rate hike expectations, while the euro recovered from a two-month low after European Central Bank (ECB) President Christine Lagarde said inflation remained too high and further policy tightening was necessary.

The dollar index fell 0.586 per cent, with the euro up 0.68 per cent to US$1.0761.

Oil prices were buoyed by optimism from the passage of the debt ceiling bill that could underpin consumer demand despite reports that U.S. crude inventories rose by about 5.2 million barrels last week.

Brent crude futures settled up 2.3 per cent to US$74.65 a barrel, their biggest daily gains since May 17. U.S. West Texas Intermediate crude (WTI) climbed three per cent to settle at US$70.10 a barrel, recording its biggest daily gains since May 5.

Gold gained nearly one per cent to a more than one-week peak on Thursday, as the dollar tumbled. Spot gold added 0.8 per cent to US$1,978.01 an ounce, while U.S. gold futures gained 0.73 per cent to US$1,978.30 an ounce. - Reuters

AFP

Hong Kong stocks rose more than three percent Friday morning, driven by a rally in tech firms on hopes the Federal Reserve will decide against hiking interest rates this month.

The Hang Seng Index surged 3.14 percent, or 571.11 points, to 18,788.02.

The gains follow a lengthy period of losses in the city fuelled by concerns about China's stuttering economic recovery.

But traders tracked a rally on Wall Street and in Europe ahead of the release of US jobs data later in the day that will provide the Fed with a fresh guide on what to do with monetary policy.

Optimism for a rate-hike skip this month was boosted by data showing private hiring slowed in May – albeit at a slower pace than forecast – and wage growth eased for a second straight month.

The news bodes well for the release later Friday of the more closely followed non-farm payrolls figure, which the Fed uses as one of its crucial guides for its rates decisions.

Monetary policy officials have said a softer labour market and much lower inflation were key to the bank being able to stop lifting borrowing costs. - AFP

Quarter Result
31/03/23 31/12/22 30/09/22 30/06/22 31/03/22 31/12/21 30/09/21 CAGR
Revenue 20,531 24,249 23,671 19,900 22,534 24,138 25,376 -13.18%
PBT 1,291 -2,728 727 261 859 4,847 -1,965 -
Tax -894 -402 -669 -229 -1,120 -1,413 -404 69.89%
NP 397 -3,130 58 32 -261 3,434 -2,369

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