(Kuala Lumpur, 2nd) In the first quarter of 2025, Malacca Securities believes that the data center boom will continue to heat up, driving stocks in construction, building materials, property, and utilities, extending further into the fields of artificial intelligence (AI) and cloud services, allowing technology stocks to finally see growth opportunities.
Research director Liu Liyu of Malacca Securities pointed out in the report that as multinational corporations (MNC) investments in data centers just started during 2023 and 2024, it is expected to bring returns starting in 2025.
"We are bullish on related stocks in the construction, building materials, industry, and utilities sectors."
The report also mentioned the transition from construction to artificial intelligence, security, and cloud service stages.
"We believe the scope of the data center ecosystem will surpass traditional construction, covering areas such as artificial intelligence, security, and cloud services."
He believes that this will create opportunities for software companies focusing on cybersecurity, cloud service providers, and other related sectors in the technology industry.
According to Knight Frank data, in the first 10 months of 2024, Malaysia's net inflow of foreign direct investment (FDI) reached 141.72 billion Ringgit, making it the leading country in FDI inflows in the region.
With a stable political environment, strategic geographic location, and business-friendly policies, our country has attracted investment from multinational giants such as Google, NVIDIA, and Microsoft.
The report also pointed out that the KL20 Summit held last year and the implementation of the Malaysian National Semiconductor Strategy (NSS) will further drive our country's...
Research director Liu Liyu of Malacca Securities pointed out in the report that as multinational corporations (MNC) investments in data centers just started during 2023 and 2024, it is expected to bring returns starting in 2025.
"We are bullish on related stocks in the construction, building materials, industry, and utilities sectors."
The report also mentioned the transition from construction to artificial intelligence, security, and cloud service stages.
"We believe the scope of the data center ecosystem will surpass traditional construction, covering areas such as artificial intelligence, security, and cloud services."
He believes that this will create opportunities for software companies focusing on cybersecurity, cloud service providers, and other related sectors in the technology industry.
According to Knight Frank data, in the first 10 months of 2024, Malaysia's net inflow of foreign direct investment (FDI) reached 141.72 billion Ringgit, making it the leading country in FDI inflows in the region.
With a stable political environment, strategic geographic location, and business-friendly policies, our country has attracted investment from multinational giants such as Google, NVIDIA, and Microsoft.
The report also pointed out that the KL20 Summit held last year and the implementation of the Malaysian National Semiconductor Strategy (NSS) will further drive our country's...
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Columns The Penang Light Rail is about to be launched, and the Financial Services Group has taken the lead
(KUALA LUMPUR, 2nd) The long-awaited Penang Light Rail (LRT) project is about to commence. CIMC Securities believes that it is up to the University of Finance $GAMUDA (5398.MY)$ The leading consortium remains ahead of other bidders.
CIMC International Securities issued a report on Thursday stating that the Penang Light Rail Project is scheduled to hold a groundbreaking ceremony on January 11, and Gold Muda is still the preferred company to participate in the project.
Analysts have initially estimated that the 60% share of this RM8 billion contract will increase the number of orders to be completed by JMU by 72% in FY2025, to RM11.5 billion.
“We believe that in addition to stimulating construction-related projects, the implementation of cross-strait connections will also enhance Malaysia's resources $MRCB (1651.MY)$ The development potential of Penang Sentral (Penang Sentral).”
He stressed that with the two proposed stations along the Pearl Line put into operation, IJM $IJM (3336.MY)$ The connectivity of The Light Waterfront project, which is being developed, will improve.
In addition, the Penang Light Rail is mainly an elevated structure and is expected to benefit the piling industry - Yigang Holdings $ECONBHD (5253.MY)$ .
As for building materials vendors - Anyu Resources $ANNJOO (6556.MY)$ Its strategic position is also beneficial to its steel supply.
“Since Anyu Resources' main steel facility is located in Weibei County, Penang, only 6 km from Penang Plaza and 4 minutes by car...
CIMC International Securities issued a report on Thursday stating that the Penang Light Rail Project is scheduled to hold a groundbreaking ceremony on January 11, and Gold Muda is still the preferred company to participate in the project.
Analysts have initially estimated that the 60% share of this RM8 billion contract will increase the number of orders to be completed by JMU by 72% in FY2025, to RM11.5 billion.
“We believe that in addition to stimulating construction-related projects, the implementation of cross-strait connections will also enhance Malaysia's resources $MRCB (1651.MY)$ The development potential of Penang Sentral (Penang Sentral).”
He stressed that with the two proposed stations along the Pearl Line put into operation, IJM $IJM (3336.MY)$ The connectivity of The Light Waterfront project, which is being developed, will improve.
In addition, the Penang Light Rail is mainly an elevated structure and is expected to benefit the piling industry - Yigang Holdings $ECONBHD (5253.MY)$ .
As for building materials vendors - Anyu Resources $ANNJOO (6556.MY)$ Its strategic position is also beneficial to its steel supply.
“Since Anyu Resources' main steel facility is located in Weibei County, Penang, only 6 km from Penang Plaza and 4 minutes by car...
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Boarding the datacenter train, CBH Engineering has a fair price of 48 cents.
$CBHB (0339.MY)$
A machinery and electrical (M&E) engineering service provider, CBH Engineering Holding Bhd, which will be listed on the GEM board on January 16, is being highly Bullish in the datacenter sector, with analysts giving a fair price of 48 cents, 71% higher than the IPO price of 28 cents.
CBH Engineering will issue 0.298 billion new shares, aiming to raise 83.44 million Ringgit.
According to the prospectus, out of the funds raised in the IPO amounting to 77.74 million Ringgit, 38.5 million Ringgit will be used to expand the business, with 18.48 million Ringgit allocated for the purchase of project equipment and parts, 17.3 million Ringgit for subcontractor payments, and 3.46 million Ringgit for bank guarantees and hiring engineers and talent.
The remaining 5.7 million Ringgit will be used to fund this IPO activity.
CBH Engineering is mainly engaged in electrical supply distribution systems and provides electrical-related engineering services, including electrical design supply, installation, testing, commissioning, and maintenance engineering.
It also provides mechanical engineering for building systems, such as air conditioning and mechanical ventilation, fire piping, and renewable energy systems.
Taking a closer look at the CBH project:
1) What are the main businesses of the company?
Mainly providing electrical engineering services, focusing on electrical power supply and distribution systems.
2) Is the company profitable?
CBH Engineering's revenue achieved a compound annual growth rate over 2 years...
$CBHB (0339.MY)$
A machinery and electrical (M&E) engineering service provider, CBH Engineering Holding Bhd, which will be listed on the GEM board on January 16, is being highly Bullish in the datacenter sector, with analysts giving a fair price of 48 cents, 71% higher than the IPO price of 28 cents.
CBH Engineering will issue 0.298 billion new shares, aiming to raise 83.44 million Ringgit.
According to the prospectus, out of the funds raised in the IPO amounting to 77.74 million Ringgit, 38.5 million Ringgit will be used to expand the business, with 18.48 million Ringgit allocated for the purchase of project equipment and parts, 17.3 million Ringgit for subcontractor payments, and 3.46 million Ringgit for bank guarantees and hiring engineers and talent.
The remaining 5.7 million Ringgit will be used to fund this IPO activity.
CBH Engineering is mainly engaged in electrical supply distribution systems and provides electrical-related engineering services, including electrical design supply, installation, testing, commissioning, and maintenance engineering.
It also provides mechanical engineering for building systems, such as air conditioning and mechanical ventilation, fire piping, and renewable energy systems.
Taking a closer look at the CBH project:
1) What are the main businesses of the company?
Mainly providing electrical engineering services, focusing on electrical power supply and distribution systems.
2) Is the company profitable?
CBH Engineering's revenue achieved a compound annual growth rate over 2 years...
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Content Language: Chinese
Out with the old, in with the new - Malaysia will implement a series of new measures starting next year. This brings both joy and sorrow to the general public and the business community, with many measures directly impacting everyone's future prospects and financial outlook.
These new measures have a wide coverage, including the highly anticipated initiatives by the LBX Pharmacy Chain Joint Stock such as gradually expanding the scope of sales and service taxation, implementing targeted subsidies for RON95 gasoline, providing assistance funds, and personal tax exemptions.
As for the business sector, what concerns business owners the most are a series of measures that may increase operating costs, including raising the minimum wage, promoting multi-tier levies on foreign workers, and mandating foreign workers to contribute to the provident fund, which could ironically be a timely policy that brings joy to employees.
The government's intention is to increase support for the middle and lower income cohort, and through raising the minimum wage and expanding cash assistance programs, to improve the quality of life for more citizens.
《Nanyang Business ReportWhen compiling some new measures in 2025, readers can review the past, look to the future, and be ready to welcome the new year.
As for whether it will affect the comprehensive index $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ + $USD/MYR (USDMYR.FX)$ + $BURSA (1818.MY)$ it is worth paying attention to.
Reduce taxes to increase cash flow.
Stimulate the economy to benefit both enterprises and the people.
The Malaysian government will introduce multiple new measures next year, many of which aim to promote economic development and attract investments.
Out with the old, in with the new - Malaysia will implement a series of new measures starting next year. This brings both joy and sorrow to the general public and the business community, with many measures directly impacting everyone's future prospects and financial outlook.
These new measures have a wide coverage, including the highly anticipated initiatives by the LBX Pharmacy Chain Joint Stock such as gradually expanding the scope of sales and service taxation, implementing targeted subsidies for RON95 gasoline, providing assistance funds, and personal tax exemptions.
As for the business sector, what concerns business owners the most are a series of measures that may increase operating costs, including raising the minimum wage, promoting multi-tier levies on foreign workers, and mandating foreign workers to contribute to the provident fund, which could ironically be a timely policy that brings joy to employees.
The government's intention is to increase support for the middle and lower income cohort, and through raising the minimum wage and expanding cash assistance programs, to improve the quality of life for more citizens.
《Nanyang Business ReportWhen compiling some new measures in 2025, readers can review the past, look to the future, and be ready to welcome the new year.
As for whether it will affect the comprehensive index $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ + $USD/MYR (USDMYR.FX)$ + $BURSA (1818.MY)$ it is worth paying attention to.
Reduce taxes to increase cash flow.
Stimulate the economy to benefit both enterprises and the people.
The Malaysian government will introduce multiple new measures next year, many of which aim to promote economic development and attract investments.
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Columns RP4和调电费激励股价 国能飙6%冲破15令吉
（吉隆坡27日讯）随着政府批准第四监管期（RP4），在资本开销以及电费调整调高的推动下，有望带领国家能源 $TENAGA (5347.MY)$ 的业绩表现更上一层楼。
国能的股价也因而受到提振，今早一度冲破15令吉，来到股息调整后的历史新高。
CNE price opened this morning at 14.42 Ringgit, then surged significantly by 6.06% to 15.04 Ringgit.
The stock price then slightly retraced the gains, hovering around 15 Ringgit, but still saw a large number of bids pouring in, believing in the bullish outlook for CNE from the fourth regulatory period and profit from the increase in electricity tariff.
Performance is expected to continue steady growth.
It is worth noting that with the strong demand for electricity, the net profit for the third quarter of the National Energy 2024 fiscal year surged by 85.04% year-on-year to 1.584.3 billion Ringgit.
The third-quarter revenue increased by 6.58% year-on-year to 14.3 billion 51.6 million Ringgit.
National Energy netted a total of 3.7 billion 44.1 million Ringgit in the first 9 months of the current fiscal year, a significant rise of 71.24% compared to the same period last year, with revenue expanding by 7.47% to 42.3 billion 58.8 million Ringgit.
National Energy stated that the company's performance was stable in the first 9 months of this year, in line with Malaysia's economic growth performance. The country's Gross Domestic Product (GDP) is expected to grow by 4.8% to 5.3% this year, therefore, the company's performance forecast for this year remains robust.
Will electricity tariffs increase next July? Tenaga Nasional: Government has not...
国能的股价也因而受到提振，今早一度冲破15令吉，来到股息调整后的历史新高。
CNE price opened this morning at 14.42 Ringgit, then surged significantly by 6.06% to 15.04 Ringgit.
The stock price then slightly retraced the gains, hovering around 15 Ringgit, but still saw a large number of bids pouring in, believing in the bullish outlook for CNE from the fourth regulatory period and profit from the increase in electricity tariff.
Performance is expected to continue steady growth.
It is worth noting that with the strong demand for electricity, the net profit for the third quarter of the National Energy 2024 fiscal year surged by 85.04% year-on-year to 1.584.3 billion Ringgit.
The third-quarter revenue increased by 6.58% year-on-year to 14.3 billion 51.6 million Ringgit.
National Energy netted a total of 3.7 billion 44.1 million Ringgit in the first 9 months of the current fiscal year, a significant rise of 71.24% compared to the same period last year, with revenue expanding by 7.47% to 42.3 billion 58.8 million Ringgit.
National Energy stated that the company's performance was stable in the first 9 months of this year, in line with Malaysia's economic growth performance. The country's Gross Domestic Product (GDP) is expected to grow by 4.8% to 5.3% this year, therefore, the company's performance forecast for this year remains robust.
Will electricity tariffs increase next July? Tenaga Nasional: Government has not...
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In the past 3 years, China's auto market has been hot, attracting many new brands leading to an internal competition trend. Seeing the limitless internal competition may trigger consumers' mindset of delaying purchases to enjoy discounts, cooling down the auto market next year.
Expecting consumers to postpone their car purchase decisions in anticipation of further price reductions for existing non-domestic models, CICC analysts predict that China's total auto sales next year will decrease by 8% to 0.73 million units from this year's 0.79 million, due to the internal competition.
"We believe that with the high base effect becoming evident and no bullish factors supporting it, next year's auto market is expected to cool down and will struggle to maintain the current high sales levels."
In fact, there have been signs of a decline in auto sales. Looking back, in November, the country's auto sales were 0.0675 million units, already declining by 3% monthly, and compared with the same period last year, it has dropped by 8%.
Toyota's sales decreased by 6.7%; the sales of the second domestic car and Baoteng, the two domestic car manufacturers, were also poor last month, decreasing by 5.7% and 5.0% respectively.
That being said, analysts pointed out that Perodua's sales from the beginning of the year to now are close to 0.326 million units, expected to exceed its 2023 full-year sales of 0.33 million units, further refreshing the annual sales record.
Entering 2025, prolonged price wars in the auto industry and soft orders have led analysts to lower their expectations.
Foreign cars are facing more impact.
However, analysts still emphasize that the decline in car sales is mainly from non-domestic brands, especially as new entrants like China's Auto Manufacturers join the market, intensifying industry competition.
"Therefore, I...
Expecting consumers to postpone their car purchase decisions in anticipation of further price reductions for existing non-domestic models, CICC analysts predict that China's total auto sales next year will decrease by 8% to 0.73 million units from this year's 0.79 million, due to the internal competition.
"We believe that with the high base effect becoming evident and no bullish factors supporting it, next year's auto market is expected to cool down and will struggle to maintain the current high sales levels."
In fact, there have been signs of a decline in auto sales. Looking back, in November, the country's auto sales were 0.0675 million units, already declining by 3% monthly, and compared with the same period last year, it has dropped by 8%.
Toyota's sales decreased by 6.7%; the sales of the second domestic car and Baoteng, the two domestic car manufacturers, were also poor last month, decreasing by 5.7% and 5.0% respectively.
That being said, analysts pointed out that Perodua's sales from the beginning of the year to now are close to 0.326 million units, expected to exceed its 2023 full-year sales of 0.33 million units, further refreshing the annual sales record.
Entering 2025, prolonged price wars in the auto industry and soft orders have led analysts to lower their expectations.
Foreign cars are facing more impact.
However, analysts still emphasize that the decline in car sales is mainly from non-domestic brands, especially as new entrants like China's Auto Manufacturers join the market, intensifying industry competition.
"Therefore, I...
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The Net Energy Metering (NEM) 3.0 Policy Guide has been released, expected to stimulate rooftop solar installation demand, boost EPCC industry development, with Samaiden group and four other companies seen as potential beneficiaries. $SAMAIDEN (0223.MY)$ and four other companies are seen as potential beneficiaries.
According to analysts at Dazheng Securities, "This is an early Christmas gift from the government to renewable energy providers, as this policy will increase solar installation demand, which is also a high-profit business in the public utilities sector."
"Therefore, we have a positive outlook on this policy, as it will be a significant catalyst for the Construction, Procurement, Construction and Commissioning (EPCC) industry, in line with our previous expectations for the 2025 budget, expanding the NEM 3.0 quota and extending the CECEP Solar Energy People's Award Scheme (SolaRIS)."
Analysts believe that the potential beneficiaries of this policy will include the highlighted Samaiden Group, while other stocks not on the watchlist include Solarvest, $SLVEST (0215.MY)$ Sunview Group $SUNVIEW (0262.MY)$ and Beka Group $PEKAT (0233.MY)$ 。
In addition, the CECEP Solar Energy dedicated company, Northern Solar, scheduled to be listed on the GEM in February 2025, is also believed to be a major potential beneficiary of this policy....
According to analysts at Dazheng Securities, "This is an early Christmas gift from the government to renewable energy providers, as this policy will increase solar installation demand, which is also a high-profit business in the public utilities sector."
"Therefore, we have a positive outlook on this policy, as it will be a significant catalyst for the Construction, Procurement, Construction and Commissioning (EPCC) industry, in line with our previous expectations for the 2025 budget, expanding the NEM 3.0 quota and extending the CECEP Solar Energy People's Award Scheme (SolaRIS)."
Analysts believe that the potential beneficiaries of this policy will include the highlighted Samaiden Group, while other stocks not on the watchlist include Solarvest, $SLVEST (0215.MY)$ Sunview Group $SUNVIEW (0262.MY)$ and Beka Group $PEKAT (0233.MY)$ 。
In addition, the CECEP Solar Energy dedicated company, Northern Solar, scheduled to be listed on the GEM in February 2025, is also believed to be a major potential beneficiary of this policy....
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Shayang Lazzari (2nd from the left) and Gudixing Heidu signed a memorandum of understanding, with Alialena Reen (1st from the left) and Tani Adavina (1st from the right) accompanying nearby.
(Kuala Lumpur, 23rd News) Lianchang International $CIMB (1023.MY)$ signed a memorandum of understanding with Gentari, the renewable energy business arm of Petroliam Nasional Berhad (PETRONAS), to promote green travel and decarbonization of the value chain in the ASEAN region.
According to the joint statement of both parties, Lion International will provide targeted financing solutions for Gentari customers, helping them advance decarbonization work and promote low-carbon practices in the industry to support national and regional climate goals.
The CEO of Lion International Malaysia and Lion Bank, Gudixingxi, expressed their delight in partnering with Gentari to jointly promote green travel solutions and value chain decarbonization, reflecting their commitment to achieving fair transformation within the region.
"This collaboration is an important milestone for the bank to achieve its 2050 net zero emissions target, while also demonstrating our environmental management commitments at all levels, including empowering individual customers to make more eco-friendly choices and supporting small and medium-sized enterprises in their decarbonization efforts."
Gentari's Deputy CEO and Gentari Green Mobility CEO, Shanyang Lazari, also believes that through Lion International's targeted financing solutions, they not only support Gentari's partners in large-scale decarbonization measures but also optimize green energy for enterprises through the Gentari Go platform...
(Kuala Lumpur, 23rd News) Lianchang International $CIMB (1023.MY)$ signed a memorandum of understanding with Gentari, the renewable energy business arm of Petroliam Nasional Berhad (PETRONAS), to promote green travel and decarbonization of the value chain in the ASEAN region.
According to the joint statement of both parties, Lion International will provide targeted financing solutions for Gentari customers, helping them advance decarbonization work and promote low-carbon practices in the industry to support national and regional climate goals.
The CEO of Lion International Malaysia and Lion Bank, Gudixingxi, expressed their delight in partnering with Gentari to jointly promote green travel solutions and value chain decarbonization, reflecting their commitment to achieving fair transformation within the region.
"This collaboration is an important milestone for the bank to achieve its 2050 net zero emissions target, while also demonstrating our environmental management commitments at all levels, including empowering individual customers to make more eco-friendly choices and supporting small and medium-sized enterprises in their decarbonization efforts."
Gentari's Deputy CEO and Gentari Green Mobility CEO, Shanyang Lazari, also believes that through Lion International's targeted financing solutions, they not only support Gentari's partners in large-scale decarbonization measures but also optimize green energy for enterprises through the Gentari Go platform...
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(Kuala Lumpur, 23rd) Malaysia Airports $AIRPORT (5014.MY)$ is under scrutiny whether it can reach the full privatization threshold on January 8, 2025, and the start of delisting procedures is being closely watched, with analysts expressing confidence that the privatization process can be completed smoothly.
According to independent advisor RHB Investment Bank's response on December 20, although they recommend that small shareholders accept the offer, they also point out that Malaysia Airports' valuation can reach RM 13.71 per share, and the RM 11 acquisition offer is "unfair"!
Fong Long Investment Bank divides Malaysia Airports' business mainly into airport operations and non-airport operations (including hotel management, agriculture, and horticulture, etc., non-core businesses), and has independently valued these two businesses. The valuation should be in the range of RM 12.61 to RM 13.71 per share.
Lian Chang International Investment Bank analysts agree with Fong Long Investment Bank's proposal but disagree with the bank's valuation method because the bank includes the land outside the airport terminal area in their calculation.
"Under normal development conditions, due to the lack of substantial capital investment for value-added development, the land value of Kuala Lumpur International Airport Aviation City (KLIA Aeropolis) has never been reflected in the stock price."
Given this, analysts believe that reflecting the land value of the Kuala Lumpur International Airport Aviation City in the valuation price under current circumstances is evidently unreasonable.
Additionally, analysts also pointed out that Fenglong Investment Bank did not appoint the Malaysian Aviation Commission (MAVCOM)...
According to independent advisor RHB Investment Bank's response on December 20, although they recommend that small shareholders accept the offer, they also point out that Malaysia Airports' valuation can reach RM 13.71 per share, and the RM 11 acquisition offer is "unfair"!
Fong Long Investment Bank divides Malaysia Airports' business mainly into airport operations and non-airport operations (including hotel management, agriculture, and horticulture, etc., non-core businesses), and has independently valued these two businesses. The valuation should be in the range of RM 12.61 to RM 13.71 per share.
Lian Chang International Investment Bank analysts agree with Fong Long Investment Bank's proposal but disagree with the bank's valuation method because the bank includes the land outside the airport terminal area in their calculation.
"Under normal development conditions, due to the lack of substantial capital investment for value-added development, the land value of Kuala Lumpur International Airport Aviation City (KLIA Aeropolis) has never been reflected in the stock price."
Given this, analysts believe that reflecting the land value of the Kuala Lumpur International Airport Aviation City in the valuation price under current circumstances is evidently unreasonable.
Additionally, analysts also pointed out that Fenglong Investment Bank did not appoint the Malaysian Aviation Commission (MAVCOM)...
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(Kuala Lumpur, 23rd) The Malaysian Exchange ( $BURSA (1818.MY)$Announced that the institution has initiated the CEO succession plan, confirming previous media reports about the possible resignation of its CEO Datuk Mohamad Uma.
According to the press release, the Malaysian Exchange Board of Directors, through its Nomination and Remuneration Committee, is currently implementing the Chief Executive Officer succession plan.
"We are considering potential candidates from external or internal sources as future company leaders."
In any case, the Exchange has not disclosed the list of candidates for the next CEO.
The institution will only further announce after the selection of the next CEO.
Mohamed Umar was appointed as the CEO of the Exchange in 2019, and it is understood that he has extended his contract once.
Under his leadership, the Malaysian Exchange had a very bright year in 2024, successfully welcoming 55 new listed companies, reaching a new high in 19 years!
According to the local financial magazine "The Edge", Mohamad Umar, who has been in office since 2019, is considering resigning.
Insiders said that Datuk Fazl Mohamad, who just took office as the director of wholesale banking business at Industrial Bank in March this year, $RHBBANK (1066.MY)$Datuk Fazil Mohamad, Director of Wholesale Banking Business, is chosen by the Malaysian Exchange as the next Chief Executive Officer.
"I heard there was a list of candidates, but Fazl was the one chosen."
Insiders believe that the current market momentum is strong, and they trust that Fazil will continue to maintain this momentum.
资...
According to the press release, the Malaysian Exchange Board of Directors, through its Nomination and Remuneration Committee, is currently implementing the Chief Executive Officer succession plan.
"We are considering potential candidates from external or internal sources as future company leaders."
In any case, the Exchange has not disclosed the list of candidates for the next CEO.
The institution will only further announce after the selection of the next CEO.
Mohamed Umar was appointed as the CEO of the Exchange in 2019, and it is understood that he has extended his contract once.
Under his leadership, the Malaysian Exchange had a very bright year in 2024, successfully welcoming 55 new listed companies, reaching a new high in 19 years!
According to the local financial magazine "The Edge", Mohamad Umar, who has been in office since 2019, is considering resigning.
Insiders said that Datuk Fazl Mohamad, who just took office as the director of wholesale banking business at Industrial Bank in March this year, $RHBBANK (1066.MY)$Datuk Fazil Mohamad, Director of Wholesale Banking Business, is chosen by the Malaysian Exchange as the next Chief Executive Officer.
"I heard there was a list of candidates, but Fazl was the one chosen."
Insiders believe that the current market momentum is strong, and they trust that Fazil will continue to maintain this momentum.
资...
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