KUALA LUMPUR: Shares in Formosa Prosonic Industries Bhd (FPI) saw an unusual pick-up in trading activity on Thursday, placing the counter among the top gainers.

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KUALA LUMPUR: The FBM KLCI opened lower and slipped below the key 1,600 level this morning, despite the U.S. Federal Reserve's widely expected interest rate cut.

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KUALA LUMPUR: The ringgit opened lower against the US dollar on Thursday, as the greenback strengthened following the US Federal Reserve's (Fed) decision to cut its benchmark interest rate by 25 basis points.

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KUALA LUMPUR: Stocks to watch on Thursday include Advancecon Holdings Bhd, Scientex Bhd, Genting Malaysia Bhd, Resintech Bhd, MKH Bhd, Asian Pac Holdings Bhd and Rex Industry Bhd following their latest news.

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The Federal Reserve announced a quarter-point interest rate cut and signalled it could enact two more cuts this year.

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The Federal Reserve indicated that it will steadily lower borrowing costs for the rest of this year.

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Rex Industry Bhd is proposing to dispose of two of its profit-generating units, Rex Canning Co Sdn Bhd and Rex Trading Sdn Bhd, in a related party transaction to its group managing director and executive director Darmendran Kunaretnam for RM40mil.

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Hibiscus Petroleum Bhd has begun drilling at the Teal West field in the United Kingdom's North Sea.

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YLI Holdings Bhd is disposing of a 12,226.252 sq m parcel of leasehold industrial land in Seberang Perai Tengah, Penang for RM18mil to Hong Kuan Metals Recycle Sdn Bhd.

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Foreign investors turned net buyers on Bursa Malaysia last week, ending a nine-week selling streak since July with a net equities inflow of RM223.9 mil, according to MBSB Investment Bank Bhd.

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Oasis Home Holding Bhd via a wholly-owned subsidiary entered into a joint venture (JV) with CTG JV Malaysia Sdn Bhd to collaborate on an omni-channel strategy to market and sell wellness products.

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MKH Bhd is disposing of its entire stake in Vast Furniture Manufacturing (Kunshan) Co Ltd (Vast Kushan) to China-based Kunshan Meiao New Energy Technology Co Ltd for RM49.53mil.

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Sunsuria Bhd has made a lodgement with the Securities Commission (SC) to establish an Islamic commercial papers (ICP) programme of up to RM500mil in nominal value.

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The Federation of Investment Managers Malaysia (FIMM) has issued public reprimands against six former unit trust scheme and private retirement scheme consultants for submitting falsified academic certificates in their registration applications.

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The ringgit closed stronger yesterday, hitting a near one-year high against the greenback ahead of the US interest rate decision, says an economist.

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ViTrox Corp Bhd's outlook has improved, but there appears limited room for earnings upgrades at this juncture.

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Malaysia is expected to introduce the National Sustainable Data Centre Framework in October which must balance attracting investors with enforcing credible sustainability standards, analysts say.

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Resintech Bhd has entered into a contract agreement with Phnom Penh Water Supply Authority for the supply and delivery of high-density polyethylene pipes and fittings worth RM16.5mil.

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FGV Holdings Bhd has reaffirmed its commitment as a joint venture (JV) partner in the FGV IFFCO Group.

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AmBank Group will provide financing facilities to Armani Hallson KLCC Sdn Bhd, a subsidiary of Armani Group, for the development of Phase 1 of the Armani Hall KLCC residential project in the heart of Kuala Lumpur.

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Despite growing headwinds, BIMB Research believes the local oil and gas (O&G) sector stocks offer selective opportunities with stronger projects flow expected over the next six to 12 months, as companies focus on high-grade projects underpinned by stab...

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Advancecon Holdings Bhd has won a RM66.89mil contract from state-owned Johor Corp (JCorp) to carry out earthworks and ancillary works for the Southern Ibrahim Technopolis (Ibtec) township in Kulai, Johor.

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Poultry producer and distributor Farmiera Bhd has inked an underwriting agreement with Malacca Securities Sdn Bhd for its initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia.

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Gamuda Bhd's all-time high order book of RM35.8bil and geographically diversified portfolio for both construction and property will continue to anchor its earnings prospects, analysts say.

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The Johor Baru-Singapore Rapid Transit System (RTS) Link is set to transform cross-border flows, with Johor's retail, food and beverage (F&B) and hospitality sectors poised to become the next growth engines beyond residential property.

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