MARKET PULSE PM JUNE 18, 2025 [WATCH]
Bursa Malaysia ended slightly higher today, as investors remained cautious amid rising geopolitical tensions and trade uncertainties.
Market sentiment stayed defensive, in line with regional trends, due to the escalating Israel-Iran conflict, which continued to weaken risk appetite.
Adding to the cautious mood was Wall Street's weaker overnight performance, as fears of possible US involvement in the conflict shook investor confidence.
Meanwhile, the ringgit weakened against the US dollar to 4.2480.
In the crypto market, Bitcoin climbed to RM447,362.
Ethereum rose to RM10,784, while Solana was up at RM630.
That wraps up today's Market Pulse.

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The Sun
7 hours ago
- The Sun
Oasis Home targets RM10 million plus annual revenue from new halal health and wellness product line
PUCHONG: Oasis Home Holding Bhd expects to generate more than RM10 million in yearly revenue from its new halal health supplement and wellness product line developed under a joint venture with livestream marketing agency GIMCare (M) Sdn Bhd. CEO Datuk Jaden Teoh Yee Seang said the figure is based on performance benchmarks from GIMCare and its parent company, GIMmedia, which currently records RM30 million in gross merchandise value monthly across livestream and e-commerce channels. 'GIMCare is doing, in similar but not in the same category we're developing, over RM4 million to RM5 million in monthly revenue. So, if we're saying our yearly target is RM10 million, I think that's a comfortable and not exaggerating estimate. I think it's an attainable target,' he told reporters at the joint venture agreement signing ceremony today between Oasis Home's wholly owned subsidiary, Oasis Wellness International Sdn Bhd, and livestream marketing agency GIMCare (M). Teoh said the upcoming wellness range will prioritise strict regulatory compliance and halal certification. 'We are very good in sourcing the ingredients from overseas especially those who have trademark and also comes with clinical research, the ingredients of the supplements.' Teoh said the joint venture aims to tap into halal markets in Indonesia, Thailand and Vietnam, which have sizeable Muslim populations. 'For example, one of our guests today is from the Ministry of Health who works closely with counterparts in Thailand and Indonesia. If we meet the local requirements, adapting our products to regional markets will be straightforward,' he added. Teoh said Oasis Home's direct-to-consumer business model built on digital sales channels enables cost-efficiency and affordability. 'We don't pay rental or carry heavy operating costs. That's why we can offer premium wellness products at accessible prices. Wellness and healthcare don't have to be expensive but they must comply with regulatory standards.' The joint venture company, OG Alliance Sdn Bhd, will be incorporated with a start-up capital of RM500,000, with Oasis Wellness holding a 51% stake and GIMCare owning the remainder. GIMCare is a wholly owned subsidiary of GIMmedia Sdn Bhd, a multichannel network and top-tier livestream enabler recognised by platforms such as TikTok, Shopee and Lazada. The initial product pipeline includes marine collagen powder drinks, skin health supplements and children's immunity boosters. The products will be distributed via major platforms including TikTok, Shopee and Lazada. OG Alliance is expected to be incorporated by early September, with its first product launch scheduled for the end of the year. Teoh said digital platforms are driving growth in the wellness space, 'In July 2025, TikTok's wellness category alone recorded over RM80 million in monthly revenue. According to IMARC Group, Malaysia's health and wellness market is projected to grow from US$11.4 billion (RM48 billion) in 2024 to US$18 billion by 2033, at a compounded annual growth rate of 4.6%.'


New Straits Times
9 hours ago
- New Straits Times
Puncak Niaga subsidiary to dispose of three loss-making units for RM3
KUALA LUMPUR: Puncak Niaga Holdings Bhd's wholly-owned subsidiary, TRIplc Bhd, is disposing of 100 per cent stake each in three dormant and loss-making units for a total cash consideration of RM3 as part of efforts to streamline its corporate structure and reduce costs. The three companies involved in the proposed disposal are Layar Kekal (M) Sdn Bhd, Samasys Sdn Bhd and Tirai Gemilang Sdn Bhd, each to be sold for RM1, Puncak Niaga said in a filing to Bursa Malaysia today. Puncak Niaga said the three entities have been inactive and have incurred losses since its acquisition of TRIplc Bhd on May 31, 2018, for RM210 million, while the total cost of investment in the three companies was RM150 million. "The board is of the opinion that the cash consideration of RM1 on each company is reasonable, as it enables the group to streamline its structure and achieve cost savings on annual statutory fees," it said. According to the latest audited financial statements for the financial year ended Dec 31, 2024, Layar Kekal, Samasys and Tirai Gemilang recorded net losses of RM5.38 million, RM5.11 million and RM5.30 million respectively and all three companies had net liabilities of RM3,400 each. Puncak Niaga also clarified that the announcement of the disposal was delayed because the company only received the duly stamped share sale agreements in the late evening of July 30, 2025. "As the stamping of the agreements is essential to formalise the transaction, the company proceeded to make the announcement on the next market day -- July 31, 2025. "The short delay also required to complete internal verification and ensure compliance with Bursa Malaysia's disclosure requirements under the Main Market Listing Requirements," it added. Puncak Niaga also disclosed that all three companies share the same set of directors, namely Tan Sri Rozali Ismail, Taufik Afendy Othman, Azlan Shah Rozali, Faridatulzakiah Mohd Bakhry, and Mohammad Shahree Shamsuddin. Copies of the audited financial statements for the financial year ended Dec 31, 2024, and May 31, 2018, are available for inspection at Puncak Niaga's registered office in Shah Alam for a period of three months from the date of this announcement.

The Star
10 hours ago
- The Star
Ramssol reports higher 2Q25 earnings
PETALING JAYA: Ramssol Group Bhd expects a corresponding growth in recurring revenue from professional information technology services, as project-based revenue expands. As the digital industry continues to grow and evolve, the company said in a Bursa Malaysia filing that it is well-positioned to take advantage of this growth. It added that it will focus on the digital industry value chain positions to potentially benefit with new projects secures in the local market and Asian region on its diversified products in human capital management solutions, Cloud AI solutions, used-bike selling platform, e-learning and interactive platform and digital media services specialising in corporate and commercial videos. For the second quarter ended June 30, 2025, Ramssol's net profit rose to RM5.72mil from RM4.35mil in the previous corresponding period, mainly due to certain projects with higher profit margin and the distributorship of human capital management license. Revenue in the second quarter grew to RM24.93mil from RM17.31mil a year earlier. For the six-month period ended June 30, 2025, Ramssol's net profit rose to RM11.56mil from RM8.53mil in the previous corresponding period, while revenue improved to RM43.05mil from RM31.73mil a year earlier