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Bursa Malaysia ends higher for third day running, KLCI stays above 1,600

Bursa Malaysia closed broadly higher for a third consecutive day, successfully staying above the key 1,600 level after several attempts previously, as Malaysia's reopening of international borders from April 1, 2022 boosted buying interest in real estate investment trusts, tourism-related counters and consumer products.

Gagasan Nadi Cergas, Hup Seng Industries, Scientex, Daibochi, Sunway, Pharmaniaga, UMW, MAHB, Bermaz Auto, George Kent, Symphony Life, JAKS, Bioalpha, Pecca, Cheetah and Lambo

Gagasan Nadi Cergas, Hup Seng Industries, Scientex, Daibochi, Sunway, Pharmaniaga, UMW, MAHB, Bermaz Auto, George Kent, Symphony Life, JAKS, Bioalpha, Pecca, Cheetah and Lambo
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Serba Dinamik, Aeon Credit, Paramount, Star Media, RCE Capital, Mah Sing, AZRB, Cheetah, Nestcon, AE Multi, Green Ocean, BHIC, SCIB, MAG, Kronologi Asia and Cypark

KUALA LUMPUR (June 30): Based on corporate announcements and news flow today, companies in focus tomorrow (Thursday, July 1) may include: Serba Dinamik Holdings Bhd, Aeon Credit Service (M) Bhd, Paramount Corp Bhd, Star Media Group Bhd, RCE Capital Bhd, Mah Sing Group Bhd, Ahmad Zaki Resources Bhd (AZRB), Cheetah Holdings Bhd, Nestcon Bhd, AE Multi Holdings Bhd, Green Ocean Corp Bhd, Boustead Heavy Industries Corp Bhd (BHIC), Sarawak Consolidated Industries Bhd (SCIB), MAG Holdings Bhd, Kronologi Asia Bhd and Cypark Resources Bhd. The Employees Provident Fund (EPF) has ceased to be a substantial shareholder in Serba Dinamik Holdings Bhd, after selling another 96 million shares or 2.57% in the oil and gas services group in the open market on June 25. In a related development, Serba Dinamik’s largest shareholder and group CEO Datuk Mohd Abdul Karim Abdullah sold 46.3 million shares or 1.2% in the group on June 28, citing force-selling as reason for the disposal. Similarly, co-fou

Clothes maker Cheetah sprints to record high on digital shopping platform venture

KUALA LUMPUR (March 15): Shares of Cheetah Holdings Bhd surged to a record high of RM1.97 at noon break today, after it had announced a collaboration with two other listed companies XOX Bhd and Lambo Group Bhd to launch a digital shopping platform. As at 12.30pm, Cheetah’s share price rose by 23.9% or 38 sen to RM1.97, with some 28.43 million shares traded. It has a current market capitalisation of RM251.41 million. This counter rocketed by 286% from 51 sen at the beginning of this year. Notably, shares of Cheetah had never gone beyond RM1 up until early February of this year. Over the past five weeks since XOX had purchased a 29.3% stake in Cheetah back on Feb 8 Cheetah itself has gained some RM122 million worth of market cap.

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