Jason Ng

Kuala Lumpur

Journalist at The Edge Malaysia

Journalist | The Edge Malaysia | Tweet juga dalam Bahasa 🇲🇾 | Ex NewsRise, Nikkei, Wall Street Journal, TMR |

Articles

Hong Kong: SFC Circular on listed Closed-Ended Alternative Asset Funds | 17 February 2025

Feb 19, 2025 | lexology.com | Grace Fung |Christina Lee |Karen H.Y. Man |Sophia Man |Jeremy C. Ong |Jason Ng

In briefNew regime for the listing of Alternative Asset Funds17 February 2025, the Hong Kong Securities and Futures Commission (SFC) published its Circular on Listed Closed-ended Alternative Asset Funds ("Circular").
Gamuda still has strong upside ahead, RHB IB says in raising consensus-topping target

Dec 10, 2024 | edgeprop.my | Jason Ng

The stock has also benefitted from a slew of news on highly-lucrative jobs to build data centres. KUALA LUMPUR (Dec 10): Shares of Gamuda Bhd (KL:GAMUDA) still have strong upside in the next 12 months, RHB Investment Bank (RHB IB) said on Tuesday, flagging strong earnings and more job wins ahead. The research house raised its target price for Gamuda by RM1.15 to RM11.67, the highest among 21 covering the stock, and maintained its “buy” call.
Sarawak builder Hartanah Kenyalang files for ACE Market IPO

Nov 13, 2024 | edgeprop.my | Jason Ng

Hartanah Kenyalang is involved in construction services targeting institutional buildings such as schools and other public buildings, as well as infrastructure focusing on bridges and roads. The company has seven jobs on hand, worth RM177.3 million, that will provide earnings up to 2026.
Malaysia in talks for new free trade deals to blunt impact of geopolitical conflicts - Zafrul

Oct 14, 2024 | bilaterals.org | Jason Ng

Negotiations Malaysia The Edge Malaysia | 14 October 2024 Malaysia in talks for new free trade deals to blunt impact of geopolitical conflicts — Zafrul By Jason Ng KUALA LUMPUR (Oct 14): Malaysia is currently negotiating several new free trade agreements (FTAs) that would help to diversify its trade and investments, and mitigate the impact of conflicts in the Middle East and the Russia-Ukraine war. The FTAs under negotiation include the Malaysia-United Arab Emirates Comprehensive Economic...
Melaka real estate firm SPB Development files for IPO on Main Market

Oct 14, 2024 | edgeprop.my | Jason Ng

The company is in the midst of conducting feasibility studies to expand or replenish its landbank for future developments in Selangor, Penang, Kedah, Melaka and Johor, SPB said in the draft prospectus. However, the Melaka-based company noted that it has yet to begin any negotiations for the purchase.
Lim Seong Hai Capital files for IPO as part of transfer to ACE Market

Oct 11, 2024 | edgeprop.my | Jason Ng

The proposed IPO involves a public issue of 132 million new shares and an offer for sale of 59 million existing shares at a price to be determined later, according to its draft prospectus. All in all, the IPO offers investors up to 22.78% stake in the company. KUALA LUMPUR (Oct 11): Lim Seong Hai Capital Bhd (KL:LSH), a construction and engineering firm, has filed for an initial public offering (IPO) as part of its listing transfer to the ACE Market, from the LEAP Market.
Intel will delay ops of new facility being built in Penang - CEO Gelsinger

Sep 22, 2024 | edgeprop.my | Jason Ng

This is the second foreign big name that has put the brakes on expanding production, after Osram Opto Semiconductors Sdn Bhd, a unit of Austrian-German leading intelligent sensor and emitter-maker ams Osram. KUALA LUMPUR (Sept 17): Intel Corp will delay the operations of a new plant currently being built in Malaysia as the world’s largest computer chip maker grapples with declining sales and mounting quarterly losses.
Govt announces incentives to jumpstart Forest City special financial zone

Sep 20, 2024 | edgeprop.my | Jason Ng

To attract international capital to Forest City, the government is offering a concessionary corporate tax rate of between 0% and 5%, and a personal income tax rate of 15% for knowledge workers and Malaysians who choose to work there, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
EcoWorld shares climb to seven-week high after 3Q results beat estimates

Sep 19, 2024 | edgeprop.my | Jason Ng

Shares of EcoWorld have gained nearly 70% so far this year, tracking broad gains in the property sector. The stock has also benefited from news flow related to data centre and industrial properties. KUALA LUMPUR (Sept 20): Shares of Eco World Development Group Bhd (KL:ECOWLD) rose on Friday to their highest in seven weeks after the property developer reported better-than-expected third-quarter results. EcoWorld climbed three sen or 1.7% to RM1.77, its highest since Aug 1, 2024.
WCT shares rise on planned REIT spin-off, analysts expect lower debt levels

Sep 19, 2024 | edgeprop.my | Jason Ng

Shares of WCT have more than doubled so far this year, tracking strong gains in the construction sector, and partly boosted by news of the planned REIT listing in recent months. KUALA LUMPUR (Sept 19): Shares of WCT Holdings Bhd (KL:WCT) rose on Thursday as investors lauded a planned listing of a real estate investment trust, while analysts praised the move that would help pare the company’s debts. WCT rose as much as five sen or nearly 5% to RM1.08.