itchy itchy Trader club ( iiTc )

The current Covid-19 wave is expected to peak between mid- and end-June. Read more at straitstimes.com.

As the local stock market edged higher, investors will be closely monitoring the financial performance of listed firms to justify the ongoing rally with the FBM KLCI reaching a multi-year high of 1,619.45 points last Friday in intra-day trade. The better-than-expected Malaysian economic growth of 4.2% in 1Q2024, which was released last Friday, is expected to help sustain the positive market sentiment.

Genting Singapore has confirmed its interest in developing an integrated resort (IR) development in the United Arab Emirates (UAE), as per its executive chairman Tan Sri Lim Kok Thay’s comments to shareholder queries at the gaming group’s annual general meeting (AGM) last Friday.

A rebound that has taken the US stock market to record highs this week may have further to run, if history is any guide.

Main Market-bound automotive seats manufacturer Feytech Holdings Bhd (KL:FEYTECH), which is slated to float its shares on Bursa Malaysia next Tuesday (May 21), posted a net profit of RM16.88 million in the first quarter ended March 31, 2024 (1QFY2024).

Electrification is driving the fourth industrial revolution. Access to secure, sustainable, and affordable electricity is critical for data centres powering artificial intelligence models, digitalisation of industrial processes, and growth of the electric vehicle sector.

The slide in Kuala Lumpur International Airport (KLIA)’s position on the list of the World's Top 100 Airports over the last decade is just a symptom of bigger problems in the management and structure of the airport industry in Malaysia.

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

The Dow ended Friday above 40,000 to set a new record close.