September 26 – Northeast Group Berhad $NE (0325.MY)$ is set to launch an initial public offering (IPO) on the ACE Market. The subscription period will run from September 26 to October 3. The IPO is priced at RM0.50 per share, according to the official prospectus. The listing is scheduled for October 15.
This IPO is issuing 168,989,000 new ordinary shares as follows:
– 37,000,000 shares are open for application by the Malaysian publi...

The future prospects for glove demand may be better than expected, according to Kenag Investment Bank. $TOPGLOV (7113.MY)$
The outlook for future performance is more optimistic, with a significant upward revision of 39% and 42% in net profit forecast for the 2025 and 2026 fiscal years (ending at the end of August).
After recent meetings with senior executives of top glove, analysts at Kenag Investment Bank are optimistic about the company's performance outlook.
"There are indications that top glove will experience a stronger-than-expected demand rebound after entering the 2025 fiscal year."
He added that the sales of top glove continued to rise monthly in September this year, and the company also expects customer inventory replenishment activities to strengthen over the next several quarters.
"Currently, the monthly sales of top glove are increasing by 25% to 30%, raising the overall capacity utilization to 65% to 70%. We originally predicted that the company's capacity utilization in the 2025 fiscal year would only be 55%."
In addition, the analyst pointed out that top glove's exports to the usa continue to improve, now accounting for 28% to 30% of its global sales.
"Top glove believes this is due to inventory replenishment activities by US customers, along with more chinese glove makers being blacklisted by the Food and Drug Administration (FDA), and capacity utilization of chinese counterparts also reaching 90%, almost at full production capacity."
Analysts believe that top glove is optimistic about the price trend of average glove prices, predicting that the average price will gradually increase in the future, with a possible increase of 5% to 15%...

$99SMART (5326.MY)$ i read somewhere 99 to be in top 30 klci need to be rm2.41...

$RHBBANK (1066.MY)$ Always falling.

Fed cuts rates sharply: Asian stock markets rise, Malaysian stocks edge up, weakening the ringgit.
The Fed cuts rates substantially, and the Asia-Pacific markets react quite positively. This morning, most East Asian stock markets, including Japan, China, and Hong Kong, surged. The Japanese stock market rose by 2.6%, and the Hong Kong stock market also increased by over 1%.
FTSE Bursa Malaysia KLCI $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ FTSE Bursa Malaysia KLCI followed the market trend this morning, opening high at 1,663.27 points. However, investment sentiment seems cautious as the index traded narrowly within a range of less than 7 points, with over a thousand stocks having no trades.
At the midday break, the composite index closed at 1662.80 points, up 2.21 points or 0.13%.
After the Federal Reserve announced a 50 basis point rate cut, the US dollar rose instead of falling, especially the USD/JPY rebounded to the 144 level, equivalent to a drop of over 1% in the Japanese yen.
The recent sharp rise in the exchange rate of the ringgit has also shown signs of softening, with the rate at 4.2533 to 1 US dollar at the midday break.
Brad Bechtel, global head of forex at Jefferies Financial, said, "After the Federal Reserve meeting, the US dollar's trend is moderate, and there may be more US dollar bids in Asia, especially against the Japanese yen, Korean won, and Chinese yuan."
"Traders also took profits after the Indonesian rupiah, Malaysian ringgit and Thai baht rose."
In terms of the stock market, the US stocks experienced significant volatility after the announcement of the interest rate decision by the Federal Reserve, first soaring significantly, but quickly falling back, and ultimately all three major indexes closed lower.
Asian stock markets were generally...

(Kuala Lumpur News, 17th) The United States has imposed higher tariffs on Chinese gloves than expected, which has prompted a sharp increase in local glove stocks, with the most favored by the market. $HARTA (5168.MY)$ Hartalega (HARTA, 5168, main board healthcare stock) also hit the daily limit up!
In a research report, Xingye Investment Bank pointed out that the United States has decided to significantly increase tariffs on Chinese goods, with the tariff rate for gloves set to be raised to 50% from 2025 and further increased to 100% in 2026.
Analysts believe that the punitive measures taken by the United States against China will have a significant spillover effect for Malaysian glove manufacturers, and the average selling price of Chinese gloves may surpass Malaysia as early as next year.
Previously, the proposed import tariff on Chinese gloves by the USA is set to be increased to 25% in 2026, which is significantly lower than the current adjustment level.
The analyst continued to say that this could likely lead to an average selling price of Chinese gloves, skyrocketing from the current $17 to $25.50 in 2025, and even rising to $34 in 2026.
"Therefore, this will bring price advantages to Malaysian glove manufacturers, as the industry's average selling price ranges only between 20 to 21 USD.""
Therefore, analysts do not rule out the possibility that Chinese operators may reconsider their plans to expand in overseas markets to avoid high tariffs.
"However, we believe that this expansion may cause Chinese operators to lose their cost competitiveness, as they cannot achieve cost savings overseas through coal production."
...