KL:5222.KL:FGV Holdings Bhd
The closing date for the voluntary takeover of FGV Holdings Bhd by majority shareholder Felda has been extended to August 15 from July 7. As of July 3, Felda and parties acting in concert held 89.08% or 3.25 billion shares in FGV. This is the final offer deadline.
KL:7277.KL:Dialog Group Bhd
Dialog Group has signed an MoU with Petroliam Nasional Bhd (Petronas) to expedite gas production at the Mutiara Cluster offshore Sabah. The first gas delivery is now targeted for before Q1 2029, addressing Sabah’s growing power demand.
KL:0151.KL:Kelington Group Bhd
Kelington signed an MoU with Petronas to conduct a feasibility study on carbon emissions management. The collaboration will explore technologies, commercial viability, and funding strategies.
KL:7108.KL:Perdana Petroleum Bhd
Perdana Petroleum secured a three-year vessel charter contract with PTTEP Sabah Oil Ltd via its subsidiary. The contract falls under a 2023 agreement for offshore support vessel services. Financial details were not disclosed.
KL:5031.KL:TIME dotCom Bhd
TIME dotCom appointed Loh Jenkim as Group CEO effective Sept 23, 2025, following Afzal Abdul Rahim’s transition to Executive Vice-Chairman. Loh is currently the Group Chief Commercial Officer.
KL:0272.KL:Zen Tech International Bhd
Zen Tech is acquiring a 30% stake in Souqa Fintech Sdn Bhd, a shariah-compliant payment gateway provider. This follows the exit of HeiTech Padu Bhd (KL:5028.KL:HeiTech Padu Bhd) from a similar RM16.17 million deal. Zen Tech will also swap part of its Alpha Fintech Sdn Bhd stake—acquired in April 2024—for equity in Hiasset Sdn Bhd due to Alpha’s unmet profit guarantee.
KL:5253.KL:Econpile Holdings Bhd
Econpile secured RM57.94 million worth of contracts from subsidiaries of LFE Corporation Bhd (KL:7189.KL:LFE Corporation Bhd). The deals cover construction services and material supply for the Oasis Ara development in Selangor.
KL:9326.KL:LB Aluminium Bhd
LB Aluminium is purchasing a 6.74-acre leasehold industrial property in Banting from Lucksoon Coatings Sdn Bhd. Part of the RM22 million price offsets RM4.01 million owed by Lucksoon Metal Works Sdn Bhd under a contra agreement.
KL:9075.KL:Theta Edge Bhd
Theta Edge intends to raise up to RM19.58 million via a private placement of 23.59 million new shares (20% of its enlarged capital). The funds will support operational costs, expansion, and working capital.
KL:5371.KL:Kim Hin Industry Bhd
Trading in Kim Hin Industry shares will be suspended on Friday pending an announcement. The shares last closed at 46 sen, valuing the company at RM72 million. The Chua family’s Kim Hin (Malaysia) Sdn Bhd owns 61.459% of the company.
HK:01918.HK:SUNAC
SUNAC (01918.HK) announced that in June 2025, the Group achieved contracted sales value amounted to approximately RMB7.55 billion, up 384% YoY. In the first half of 2025, the Group achieved contracted sales value amounted to approximately RMB23.55 billion, down 10.4% YoY.
HK:09988.HK:BABA-W
BABA-W (09988.HK) announced that it proposed exchangeable bond offering by reference to the ordinary shares of HK:00241.HK:ALI HEALTH that are listed on the Hong Kong Stock Exchange. The Company proposed to issue approximately HK$12 billion aggregate principal amount of Zero Coupon Exchangeable Bonds due 2032, subject to market approval.
Bitcoin:BTC
Bitcoin has shattered above USD110,000, reaching its peak since June 11. It last posted at USD109,972, up 2.1%. Standard Chartered recently forecasted that Bitcoin’s price will maintain its upward momentum in 2H25, potentially touching USD135,000 by the end of 3Q25 and USD200,000 by year-end.
HK:00700.HK:TENCENT
TENCENT (00700.HK) repurchased 1.004 million shares of the company on July 3 (today) at the Hong Kong Stock Exchange, with prices ranging from HKD495 to HKD503 per share, involving approximately HKD500 million. Since the ordinary resolution was passed on May 14, 2025, TENCENT has cumulatively repurchased 32.453 million shares.
HK:00005.HK:HSBC HOLDINGS
HK:02888.HK:STANCHART
HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK) have already begun internal testing of the DeepSeek model, foreign media reported, citing informed sources. Saudi Aramco, the world’s largest oil company, has also installed DeepSeek in its main data centers recently.
HK:02888.HK:STANCHART
HSBC HOLDINGS (HK:00005.HK) and STANCHART (02888.HK) have already begun internal testing of the DeepSeek model, foreign media reported, citing informed sources. Saudi Aramco, the world’s largest oil company, has also installed DeepSeek in its main data centers recently.
Company Name: JD-SW, Ant Group
JD-SW and Ant Group are reportedly lobbying the People’s Bank of China (PBOC) to authorize the issuance of an offshore RMB stablecoin.
HK:09992.HK:POP MART
POP MART denies media reports that it has invested GBP63 million into UK property assets.
Company Name: XL2CSOPSMSN
Top 5 Gainers among ETFs listed, with XL2CSOPSMSN surging 10.1% and leading the daily performance charts.
HK:1810.HK:XIAOMI-W
XIAOMI-W (1810.HK) retreated over 3% on HSI’s 151-point drop. Despite weakness, handset and pharma stocks performed well.
HK:1810.HK:XIAOMI-W
XIAOMI-W (1810.HK) CEO Lei Jun revealed that the average age of YU7 pre-order users is 33, with Shanghai leading in order volume.
Company Name: Cainiao
Cainiao is trialing “smart light strip” technology at five self-pickup points in Hong Kong to improve parcel collection efficiency.
HK:00005.HK:HSBC HOLDINGS
Morgan Stanley estimates that HSBC HOLDINGS (00005.HK) will report a 10% YoY drop in 2Q25 adjusted pre-tax earnings and is planning a USD2.5 billion share buyback.
HK:00005.HK:HSBC HOLDINGS
HSBC HOLDINGS (00005.HK) is selling its UK life insurance business to Chesnara and expects to complete the transaction by early 2026.
HK:00017.HK:New World Development (NWD)
JPM: NWD’s HKD88.2B Financing Deal in Line, But Liquidity Pressure Remains
HK:03800.HK:GCL TECH
CLSA Envisions GCL TECH/ FLAT GLASS/ XINYI SOLAR to Benefit from Anti-Disorderly Competition Measures
HK:06865.HK:FLAT GLASS
CLSA Envisions GCL TECH/ FLAT GLASS/ XINYI SOLAR to Benefit from Anti-Disorderly Competition Measures
HK:00968.HK:XINYI SOLAR
CLSA Envisions GCL TECH/ FLAT GLASS/ XINYI SOLAR to Benefit from Anti-Disorderly Competition Measures
HK:03993.HK:CMOC
UBS Lifts Copper Price Forecasts & TPs for CMOC, ZIJIN MINING
HK:02899.HK:ZIJIN MINING
UBS Lifts Copper Price Forecasts & TPs for CMOC, ZIJIN MINING
HK:1810.HK:XIAOMI
Haitong Int’l: Xiaomi Auto’s Jun Sales Sink MoM; Current Pressure on Delivery Side; YU7 Monthly Delivery 40K+ Units by Yr End
HK:00669.HK:TECHTRONIC IND
Citi: US-Vietnam Trade Deal Benefits TECHTRONIC IND
US:USDGT:Dow Jones Industrial Average
US:S27.SI:S&P 500
US:QQQ:Nasdaq Composite
U.S. markets surged on Thursday as the Dow Jones Industrial Average climbed 344.11 points (0.77%) to 44,828.53. The S&P 500 added 0.83% to 6,279.35, and the Nasdaq Composite jumped 1.02% to close at 20,601.10 — both setting new record highs.
Thursday’s rally came after ADP’s private payrolls data showed a drop of 33,000, initially sparking concerns of a slowdown. But the official government figures erased those fears and reignited market optimism.
Trump’s tax megabill passed the Senate earlier this week and is moving through the House for a final vote, further energizing markets.
Trump plans to lead a business delegation to China. A Chinese spokesperson stated there’s no official information yet but expressed hope for stronger China-U.S. cooperation.
Trading ended early Thursday ahead of the U.S. Independence Day holiday. Markets will remain closed on Friday.
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