KUALA LUMPUR (March 9): Top Glove Corp Bhd’s earnings for the December to February quarter is expected to remain strong. The earnings anticipation is fuelled by stable average selling prices (ASPs) on the back of strong global demand for rubber gloves amidst the Covid-19 pandemic. Top Glove will be releasing its result for the second quarter ended Feb 28, 2021 (2QFY21) today. The market consensus forecast Top Glove's annual profit to come in at RM10.16 billion for the financial year ending Aug 31, 2021 (FY21).
KUALA LUMPUR (March 5): The FBM KLCI bucked the regional trend to close higher, boosted by the positive performance of banking stocks and a rebound in glove counters.
The index was back above the 1,600 mark, closing at 1,600.12 for a gain of 18.86 points or 1.19% from yesterday.
Rakuten Trade Research head of equity sales Vincent Lau said market sentiment was buoyed by buying interest in banking stocks.
Sentiment was also lifted by bargain hunting among rubber glove stocks after the selldown yesterday, Lau told theedgemarkets.com.
Also contributing to the market’s positive performance was renewed buying of oil and gas (O&G) stocks on the back of an increase in oil prices after Saudi Arabia and its OPEC+ allies extended their production cuts.
Vincent Lau Named New Managing Director For Huobi Global
Last Updated: 05 March 2021
Huobi Global stands as one of the biggest crypto exchanges out there in terms of trade volume. Recently, the exchange announced that it had appointed one Vincent Lau, a veteran of the blockchain industry, as the new Managing Director of the company
Various New Responsibilities For Lau
Lau boasts a very impressive employment history. Prior to his new position at Huobi Global, the man had served in executive positions in two other major crypto exchanges: OKEx and Bitfinex. Another good addition to his employment history is working for global corporations outside of the crypto space. This includes Iclick Interactive, a marketing firm, as well as Groupon, the e-commerce marketplace.
Huobi Global welcomes Vincent Lau as new managing director cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
LAST week, scores of technology-related companies saw their share prices climbing ahead of Prime Minister Tan Sri Muhyiddin Yassin’s announcement of the MyDIGITAL blueprint on Friday.
Digital services and solution providers such as Revenue Group Bhd, Dataprep Holdings Bhd, GHL Systems Bhd, Dagang NeXchange Bhd, Censof Holdings Bhd and ManagePay Systems Bhd were among the top gainers, along with two obvious winners Telekom Malaysia Bhd (TM) and AwanBiru Technology Bhd.
Prestariang Systems Sdn Bhd, a unit of AwanBiru formerly known as Prestariang Bhd has been appointed a managed service provider (MSP) to manage cloud services for the government.
TM, on the other hand, has received conditional approval to provide services to the government for the migration of 80% of public data into the hybrid cloud system by end-2022. This is expected to translate into lower government cost in information technology management and better efficiency in the collection and management of data.