Trading ideas: Yinson, 99 Speed Mart, Sealink, Citaglobal, Chin Well
KUALA LUMPUR: Here are some stocks that could see trading interest today following their latest news, including Yinson Holdings Bhd , 99 Speed Mart Retail Holdings Bhd, Sealink International Bhd , Citaglobal Bhd , and Chin Well Holdings Bhd .
Yinson has clarified that it is not in discussions with any third parties regarding a buyout exercise.
However, the group said its executive chairman, Lim Han Weng, is currently engaged in 'exploratory discussions' with various parties concerning potential corporate proposals related to its shareholding.
The Employees Provident Fund (EPF) has acquired a 5.02% stake in 99 Speed Mart through a direct off-market transaction.
Citaglobal has appointed 27-year-old Tengku Muhammad Iskandar Ri'ayatuddin Shah (Tengku Arif Bendahara) as an independent and non-executive director.
Tengku Arif Bendahara is the son of the Sultan of Pahang, Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah.
Sealink announced that access to its vessel, which was damaged by a fire in Brazil last month, remains restricted due to the current site conditions.
As a result, the company said that a full on-site assessment of the vessel and the extent of the damage has been delayed.
Overnight, the S&P 500 climbed 0.09% to end the session at 6,005.88 points.
The Nasdaq gained 0.31% to 19,591.24 points, while the Dow Jones Industrial Average ended essentially unchanged at 42,761.76 points.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
30 minutes ago
- New Straits Times
Stocks, dollar climb as investors hope for US-China trade talk progress
SINGAPORE: Global stocks rose and the dollar edged higher on Tuesday as trade talks between the United States and China were set to extend to a second day, with tentative signs that tensions between the world's two largest economies could be easing. Following Asia's lead, EUROSTOXX 50 futures and FTSE futures both edged up roughly 0.1 per cent each, while Nasdaq and S&P 500 futures in the US were also gearing up for a higher open. US President Donald Trump put a positive spin on the talks, which wrapped up for the night on Monday and were set to resume on Tuesday. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer were set to meet for the second day with their Chinese counterparts. Any progress in the negotiations is likely to provide relief to markets given that Trump's often shifting tariff announcements and swings in Sino-US ties have undermined the world's two biggest economies, disrupted supply chains and threaten to hobble global growth. Stocks advanced in Asia, with MSCI's broadest index of Asia-Pacific shares outside Japan advancing 0.7 per cent to hit their highest since January 2022. "While market participants are clearly taking a glass half-full view of the outlook, both on trade policy and more broadly, we don't think that should be interpreted as a view that tariffs will be fully unwound," said Jonas Goltermann, deputy chief markets economist at Capital Economics. Goltermann anticipates US duties on Chinese goods to settle at around 40 per cent, while most analysts have said that the universal 10 per cent levy on imports into the United States is here to stay. In Tokyo, attention was on the measures the Japanese government was considering to calm recent bond (JGB) market volatility. Finance Minister Katsunobu Kato said policymakers were looking at measures to promote domestic ownership of Japanese government bonds, a day after Reuters reported that Japan is considering buying back some super-long government bonds issued in the past at low interest rates. The yield on the 10-year JGB fell one basis point to 1.46 per cent, while the 30-year yield slid three bps to 2.88 per cent early in the session. Yields on super-long JGBs rose to record levels last month due to dwindling demand from traditional buyers such as life insurers, and jitters over steadily rising debt levels globally. "The volatility at the super-long segment of the curve stems from a supply-demand imbalance that has been brewing since the BOJ embarked on balance sheet normalisation," said Justin Heng, APAC rates strategist at HSBC Global Investment Research. In currencies, the dollar attempted to regain its footing after falling on Monday. Against the yen, the dollar was up 0.19 per cent to 144.83. The euro fell 0.17 per cent to US$1.14 while sterling slipped 0.07 per cent to US$1.3537. Trump's erratic trade policies and worries over Washington's growing debt pile have dented investor confidence in US assets, in turn undermining the dollar, which has already fallen more than eight per cent for the year. INFLATION TEST The next test for the greenback will be on Wednesday, when US inflation data comes due. Expectations are for core consumer prices to have picked up slightly in May, which could push back against bets of imminent Federal Reserve rate cuts. The producer price index (PPI) report will be released a day later. "May's US CPI and PPI data will be scrutinised for signs of lingering inflationary pressures," said Convera's FX and macro strategist Kevin Ford. "If core CPI remains elevated, expectations for rate cuts could be pushed beyond the June 18 FOMC meeting." Traders see the Fed keeping rates on hold at its policy meeting next week, but have priced in roughly 44 bps worth of easing by December. In commodity markets, oil prices were marginally higher, with US West Texas Intermediate crude close to a more than two-month high hit earlier in the session. Spot gold fell 0.5 per cent to US$3,310.17 an ounce.
Malaysian Reserve
an hour ago
- Malaysian Reserve
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates OPOF, PRA, SWTX on Behalf of Shareholders
NEW YORK, June 9, 2025 /PRNewswire/ — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Old Point Financial Corporation (NASDAQ: OPOF)'s sale to Hampton Roads based TowneBank. Under the terms of the agreement, Old Point shareholders will elect to receive either $41.00 in cash or 1.1400 shares of TowneBank common stock for each share of Old Point common stock. If you are an Old Point shareholder, click here to learn more about your rights and options. ProAssurance Corporation (NYSE: PRA)'s sale to The Doctors Company for $25.00 in cash per share. If you are a ProAssurance shareholder, click here to learn more about your rights and options. SpringWorks Therapeutics, Inc. (NASDAQ: SWTX)'s sale to Merck KGaA, Darmstadt, Germany for $47.00 per share in cash. If you are a SpringWorks shareholder, click here to learn more about your rights and options. Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@ or zhalper@ Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information:Halper Sadeh LLCDaniel Sadeh, Halper, Esq.(212) 763-0060sadeh@
BusinessToday
an hour ago
- BusinessToday
Yinson Responds To Possible Stonepeak Acquisition
Yinson Holdings Berhad (YHB) has issued a formal clarification following media reports suggesting that the company is the subject of a potential US$2.1 billion buyout by U.S.-based investment firm Stonepeak. In a statement released on 6 June 2025, Yinson denied being in discussions with any third parties regarding a buyout exercise. 'The Company wishes to clarify that it is not in discussion with any third parties in respect of any buyout exercise,' the statement read. However, the company acknowledged that its Group Executive Chairman, Lim Han Weng, is engaged in preliminary discussions with several parties concerning potential corporate proposals involving his shareholding in YHB. These talks, Yinson emphasised, are still in the exploratory phase and may not lead to any definitive corporate action. 'There is currently no conclusive indication that the discussions would give rise to a corporate proposal involving YHB,' the company noted. Yinson assured that it will comply with Bursa Malaysia's Main Market Listing Requirements and make the necessary announcements should any corporate exercise materialise. In the meantime, the company has advised shareholders to exercise caution and seek appropriate professional advice when dealing in YHB shares. The clarification comes in response to widespread media coverage on Stonepeak's exclusive talks to acquire Yinson in a deal potentially valued at over RM9 billion. Related
