Micron selloff shows risk of sky-high AI expectations
Micron Technology Inc’s post-results selloff sent a fresh reminder to global investors about the risks inherent in bets on artificial…
Corporate News
EPB targets RM40mil from IPO
One-stop food processing and packaging machinery solutions provider EPB Group Bhd aims to raise RM40.08mil through its initial public offering…
Kim Loong aiming for higher FFB production
Kim Loong Resources Bhd aims to achieve at least 5% higher fresh fruit bunch (FFB) production for the current financial…
Johor Plantations IPO oversubscribed
The public portion of Johor Plantations Group Bhd’s initial public offering (IPO), comprising 50 million IPO shares, has been oversubscribed…
Wider portfolio for Samaiden with Gruppe tie-up
Samaiden Group Bhd’s proposed tie-up with Gruppe Lightning Solution Sdn Bhd to develop and implement comprehensive solar street lighting systems…
Tesla about to lose its EV market majority in US
Tesla Inc is on the verge of losing a key bragging right it’s held for the past six years: outselling…
Chipmaker Nexperia invests US$200mil in Germany
Nexperia, one of the world’s largest makers of basic semiconductors such as diodes and transistors, says it will invest US$200mil…
L&G investment unit to sell Glencore stake
Legal & General’s (L&G) investment management unit says it is selling its stake in global commodities trader Glencore this year…
Higher operating expenses a damper for Sapura Energy
Sapura Energy Bhd’s net profit for the first quarter ended April 30, 2024 (1Q25) tumbled by 44% year-on-year (y-o-y) to…