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Toyo Ventures big move into Vietnam power biz

Managing director Steven Song (pic) and independent non-executive director K.C. Tham realised the need of a sustainable power generation to meet the demand in Vietnam, which led them to bring up the idea of investing in a power plant there.
IT was a eureka moment that has made Toyo Ventures Holdings Bhd inch closer towards securing its massive Vietnam power plant project.
The announcement of the power project, along with the subsequent questions about the deal, were finally answered when at the end of last year, Toyo Ventures announced the execution of the deal and has since harboured larger ambitions for its businesses in Vietnam. ....

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KLCI closes slightly higher on buying ahead of stimulus package announcement

KUALA LUMPUR (March 17): The FBM KLCI erased losses to close marginally higher today on last-minute buying interest ahead of the government’s announcement of a new stimulus package.
The benchmark index closed 1.01 points or 0.06% higher at 1,624.97 after having stayed in negative territory for the most part of the trading session.
A remisier, Jeffry Azizi Jaafar, said the drop in the index earlier was due to a correction in prices following the rally in the past three weeks.
“The market saw financial, plantation and technology [stocks] fall due to a consolidation after recent strong gains on market recovery optimism, driven by the ongoing vaccination programme and a decline in daily [new] Covid-19 infections,” he told ....

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KLCI rises as select blue chips lift, regional markets stay lacklustre

At 9.05am, the FBM KLCI was up 4.24 points to 1,580.08.
The early gainers included Nestle (Malaysia) Bhd, Greatec Technology Bhd, Kuala Lumpur Kepong Bhd (KLK), MR DIY Group (M) Bhd, Petronas Dagangan Bhd (PetDag), Toyo Ventures Holdings Bhd, Telekom Malaysia Bhd (TM), Press Metal Aluminium Holdings Bhd and Petronas Gas Bhd (PetGas).
Bloomberg said Asian stocks opened with declines as investors assess how rising borrowing costs could impact the equity rally.
Treasuries retained losses, it said.
JF Apex Research said US markets declined overnight as the rally to record highs fizzled following concerns over rising interest rates and inflation as well as worse-than-expected jobless claims data. ....

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KLCI slips as regional markets succumb to profit-taking

KUALA LUMPUR (Feb 18): The main index at Bursa Malaysia slipped at the midday break Thursday as regional markets succumbed to profit-taking.
At 12.30pm, the FBM KLCI dipped 3.52 points to 1,591.77. The index had earlier risen to a high of 1,599.31.
Sentiment turned tepid with 531 losers and 325 gainers, while 677 counters traded unchanged. Trading volume was 8.47 billion shares valued at RM3.67 billion.
The losers included Nestle (M) Bhd, Malaysian Pacific Industries Bhd, KESM Industries Bhd, Tasco Bhd, Carlsberg Brewery Malaysia Bhd, Amtel Holdings Bhd, Grand Hoover Bhd, Solarvest Holdings Bhd and UPA Corp Bhd.
The actively traded stocks included Dagang NeXChange Bhd, Velesto Energy Bhd, Alam Maritim Resources Bhd, Sapura Energy Bhd, DGB Asia Bhd, Dataprep Holdings Bhd and KNM Group Bhd. ....

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MBM Resources, Media Chinese, Techbond, Toyo Ventures, Vizione, mTouche and Pertama Digital

KUALA LUMPUR (Feb 5): Based on corporate announcements and news flow today, companies that may be in focus on Monday (Feb 8) include: MBM Resources Bhd, Media Chinese International Ltd, Techbond Group Bhd, Toyo Ventures Holdings Bhd, Vizione Holdings Bhd, mTouche Technology Bhd and Pertama Digital Bhd.
MBM Resources Bhd has appointed Muhammad Fateh Teh Abdullah, the former head of automotive distribution division of Hicom Holdings Bhd, as its new president and CEO with effect from Monday (Feb 8). With this, Annie Chin will cease to be the group’s acting president and CEO and will resume her position as the group’s chief financial officer. ....

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