Here's what we have for the week.

CORPORATE EVENTS

1. GHL System will be venturing into the business of vehicle insurance and road tax renewal services via the tie up with Loanstreet.

2. Hai-O Enterprise Bhd will be conducting a share swap with BesHom Holdings Bhd.

3. DNex is acquiring another 60% stake in Ping Petroleum for USD 78 million in cash and issuance of redeemable preference shares.

4. AirAsia Bhd, HB Global Ltd, and SC Estate Builder Bhd are raising funds via private placement this week.

PROPERTY NEWS

1. Ecofirst Consolidated Bhd recently acquired 4.16 acres of land in Damansara Damai for RM 70 million.

2. Glovemaker, Riverstone Holdings Ltd spent RM 5 mil acquiring a small piece of land in Bukit Berunting for expansion purposes.

INDUSTRY NEWS

1. By watching the changes of liquidity in the market, we are confident to say that the Malaysia stock market still has the leg to roar.

2. Palm oil traders are facing a rough week due to lower export.

Happy investing. See you in another week!

Weekly Newsletter - 25 Jan 2021