Mobvoi Inc, a Chinese artificial intelligence (AI) developer backed by Alphabet Inc’s Google, finished its first day of trading lower in Hong Kong, marking the third stock debut to flop in the city this week.

Google-backed AI firm Mobvoi is Hong Kong’s third stock debut flop this week

Topmix Bhd, a surface decorative company listed on Tuesday, expects its expansion in the northern region of Peninsular Malaysia to boost its earnings growth.

The northern region, particularly Penang, has seen an influx of foreign investors, leading to higher income levels and rapid development of housing and commercial projects, which all “bode well for Topmix’s expansion plans", said managing director Teo Quek Siang.

Topmix eyes northern region for expansion amid development boom

Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.

Topmix surges 32% on ACE Market debut

Despite the tension in the Middle East, Keyfield International Bhd, an oil and gas services firm, said that its work orders are uninterrupted as its vessels are predominantly operating in Southeast Asia.

Keyfield is best-performing Main Market IPO stock on maiden day of trading in last six years

Keyfield International Bhd's share price opened at RM1.70 on Monday on its debut on the Main Market of Bursa Malaysia, an 80 sen or 88.88% premium over its initial price offering (IPO) price of 90 sen.

Keyfield International makes impressive debut on Main Market with 89% premium

Shares in SBH Marine Holdings Bhd rose 16% as the frozen seafood company made its ACE Market debut on Monday, following its RM50.6 million initial public offering (IPO).

SBH Marine surges 16% in ACE Market trading debut after RM50.6m IPO

Newly listed frozen seafood company SBH Marine Holdings Bhd, which gained 20.45% on its Bursa Malaysia debut, has seen the shipping cost to its overseas markets increase amid the Red Sea crisis, according to its executive director Saw Leng Hean.

SBH Marine sees no issues with Red Sea crisis, to pass on increased shipping cost to exporters

Calcium carbonate producer Zantat Holdings Bhd ended its maiden trading day on Bursa Malaysia’s ACE Market at 37.5 sen, a premium of 12.5 sen or 50% over its initial public offering (IPO) price of 25 sen.

Zantat makes impressive ACE Market debut, closes with 50% premium

Prolintas Infra Business Trust, the first business trust to be listed on Bursa Malaysia, made a flat debut on the Main Market at 95 sen on Monday, before ending the day two sen higher for a 2.1% gain.

Its muted debut saw a total of 48.21 million shares traded throughout the day.

Prolintas Infra debuts flat at 95 sen

KUALA LUMPUR (March 22): Fertility care company Alpha IVF Group Bhd ended its maiden day flat at 32 sen after its initial public offering (IPO), the largest ever on the ACE Market, raised RM466.5 million.

Alpha IVF ends flat at 32 sen on ACE Market debut

After a robust debut on the ACE Market with a premium of 17% at 41 sen, freight forwarding and aerospace logistics provider AGX Group Bhd succumbed to selling pressure which saw its share price gains pared down to just one sen, or 2.86% from its initial public offering (IPO) price of 35 sen.

AGX pares gains after robust debut on ACE Market

Metal fabricator Wentel Engineering Holdings Bhd ended its maiden trading day on Tuesday at 28 sen, up two sen or 7.69%, after opening flat on its ACE Market debut at 26 sen.

Wentel Engineering gains over 7% after opening flat on ACE Market debut

Stainless steel products supplier TSA Group Bhd kicked off its ACE Market debut on Bursa Malaysia on Friday by opening at 58 sen, up three sen or 5.5% from its initial public offering (IPO) price of 55 sen.

TSA Group kicks off ACE Market debut with 5.5% gain

Electrical engineering services provider HE Group Bhd made an impressive debut on the ACE Market of Bursa Malaysia on Tuesday by opening at 43 sen, up 15 sen or 53.6% from its initial public offering (IPO) price of 28 sen.

HE Group gains 54% on ACE Market Debut

Top Amazon.com Inc executives including founder Jeff Bezos and chief executive officer Andy Jassy destroyed text messages discussing business, the Federal Trade Commission (FTC) alleged, erasing evidence the agency could have used in its antitrust case against the retail giant.

Amazon’s Bezos, Jassy deleted chats amid FTC antitrust probe

(April 25): European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record $8.8 billion in net withdrawals from the products in the U.S.

A combination of factors likely contributed to...

Record $8.8 bln pulled from US sustainable funds in Q1

Asian shares rose cautiously on Friday as markets sobered up to the idea that US rate cuts were most likely some time away, while the yen and Japanese government bonds struggled ahead of a closely watched policy decision by the Bank of Japan (BOJ).

Asia stocks, yen tentative with eyes on BOJ decision

The first ICCA Association Impact Masterclass kicked off in Kuching on Friday with 24 Malaysian and international association leaders in line to be awarded the “Association Impact Leadership” Certificate.

ICCA Association Impact Masterclass kicks off in Kuching

The global legal technology market has grown significantly in recent years and generative AI (GenAI) will accelerate this growth, with the market reaching US$50 billion (RM238.88 billion) in value by 2027, according to Gartner Inc.

Global legal tech market will hit US$50b by 2027, says Gartner

(April 25): Shares of Meta Platforms sank 13% on Thursday, sparking a selloff in big technology stocks after the social media firm signaled its costly bet on AI could take years to pay off.

The drop was set to erase nearly $170 billion from the company's market value and triggered ...

Meta sparks tech selloff as AI splurge spooks Wall Street

Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

Vitrox shares on pace for worst day in 18 months as 1Q disappoints

Four of seven ships trapped in Baltimore Harbour since the Francis Scott Key Bridge collapsed last month have cleared the wreckage and are en route to their destinations.

Baltimore’s trapped ships start leaving as new channel opens

Intel forecast second-quarter revenue and profit below market estimates on Thursday, sending its shares tumbling roughly 8% as it faces weak demand for its traditional data centre and PC chips and trails in the surging market for artificial intelligence (AI) components.

Intel forecast misses estimates; shares tumble

China’s top diplomat Wang Yi warned his American counterpart that problems are mounting between the world’s largest economies, as the US threatens Beijing with sanctions for its support of Russia.

China warns Blinken ‘negative factors’ building in US relations

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

AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.

Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

TAS Offshore Bhd’s net profit has leapt by nine-fold year-on-year for the financial quarter ended Feb 29, 2024 (3QFY2024) due to more vessels delivered.

TAS Offshore’s 3Q net profit up nine-fold, shares surge to eight-year high

Harvey Weinstein's 2020 conviction for sexual assault and rape was overturned by New York's highest court, reopening the landmark case that fuelled the #MeToo movement and highlighting the challenges of holding powerful men accountable.

Harvey Weinstein's rape conviction overturned by top New York court

Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.

Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds four entities to Investor Alert List, two being potential clones

EUPE Corp Bhd's net profit surged by 28.9% to RM14.54 million in the fourth quarter ended Feb 29, 2024 (4QFY2024) from RM11.28 million a year ago, underpinned by a higher contribution from the property development division.

EUPE Corp net profit surges 28.9% in 4Q, driven by strong property sales

Hulu Selangor Bersatu action division head has been named as Perikatan Nasional's (PN) candidate for the Kuala Kubu Baharu (KKB) state by-election on May 11.

PN names Hulu Selangor Bersatu acting division head as candidate for KKB by-election

RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.

YTL Corp eyeing to extend upside movement, says RHB Retail Research 

RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.

VS Industry poised to continue bullish trajectory, says RHB Retail Research 

The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.

Tesla fires back at investor who doesn’t want pay fight in Texas

Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.

Trump advisers discuss penalties for nations that move away from the dollar

Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

Alphabet announced its first-ever dividend on Thursday and a US$70 billion (RM334.43 billion) stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.

Google parent Alphabet announces first-ever dividend, shares soar

Asian shares rose cautiously on Friday as markets sobered up to the idea that US rate cuts were most likely some time away, while the yen and Japanese government bonds struggled ahead of a closely watched policy decision by the Bank of Japan (BOJ).

China is preparing a United Nations General Assembly resolution that it says is intended to help close gaps between rich and developing countries in the advance of artificial intelligence (AI), an initiative that follows an extensive and ambitious campaign by the US, its biggest AI competitor.

China prepares UN resolution to tap AI for good

One fixture lurking like a troll in Arsenal's Premier League title run-in has probably consumed the thoughts of the club's fans more than any other — Sunday's short trip to arch-rivals Tottenham Hotspur.

Arsenal face derby test with title up for grabs

Foreign states are using UK universities to “steal advantage” by covertly acquiring British intellectual property, the government warned, saying it would explore proposals to protect cutting-edge research and technology.

UK warns universities about research threat from foreign states

The Federal Communications Commission (FCC) said on Thursday it is ordering the US units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the US.

Agency bars Chinese telecom carriers from offering US broadband services

Intel forecast second-quarter revenue and profit below market estimates on Thursday, sending its shares tumbling roughly 8% as it faces weak demand for its traditional data centre and PC chips and trails in the surging market for artificial intelligence (AI) components.

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