*RHB♦️Investment Bank Bhd*
30th April 2026
*Dow Jones* :48,861.81
⬇️280.12 /0.57%‼️
*Nasdaq* :24,673.24
⬆️9.44/0.04%
*S&P 500*:7,135.95
⬇️2.85/0.04:%
_The Dow Jones Industrial Average ended Wednesday lower as oil prices continued their rally amid a U. S. blockade of Iranian ports and after the Federal Reserve left its key interest rate unchanged. Traders also awaited quarterly earnings from four of the “Magnificent Seven.”_
*WTI CRUDE OIL* :108.49
⬆️8.56/8.57%‼️
*BRENT OIL* :120.19
⬆️8.93/8.03%‼️
*GOLD PRICE* : 4,557.30
⬇️51.10/1.11%‼️
*USD/MYR* : 3.95
*CORPORATE NEWS*
*Gamuda Bhd (KL:GAMUDA)* said its joint venture has been appointed as the contractor for the first phase of the Ulu Padas water supply project valued at RM5.98 billion. The contract was awarded by the Sabah State Water Department to Upper Padas Power Sdn Bhd (UPPSB), a wholly owned subsidiary of UPP Holdings Sdn Bhd. Gamuda holds a 45% stake in UPP Holdings, while Sabah Energy Corporation Sdn Bhd owns 40% and Kerjaya Kagum Hitech JV Sdn Bhd holds the remaining 15%. The first phase involves the construction of a water treatment plant in Beaufort with a capacity of 350 million litres per day, along with approximately 200km of pipelines spanning Sabah’s west coast from Sipitang to Kota Kinabalu. — Gamuda’s JV gets Ulu Padas water supply project contract worth RM5.98b
*Salutica Bhd (KL:SALUTE)* will slash about 53% of its workforce beginning April 30, in a sweeping rationalisation exercise aimed at streamlining operations and shoring up long-term financial sustainability. The retrenchment, involving roughly 250 employees, will be carried out at its wholly owned subsidiary, Salutica Allied Solutions Sdn Bhd. The company said the decision followed a comprehensive review of staffing needs, market conditions and operational efficiency. Affected employees will be offered support measures including career counselling and job placement assistance, it added. — Loss-making Salutica to cut half of workforce in major restructuring move
*CelcomDigi Bhd (KL:CDB)*, *Maxis Bhd (KL:MAXIS)* and *YTL Power International Bhd’s (KL:YTLPOWR)* 60%-owned unit YTL Communications Sdn Bhd have each injected an additional RM202 million shareholder advance into Digital Nasional Bhd (DNB) to support its operations, including spectrum acquisition. The latest injection was made at the request of the state-owned 5G wholesale network operator. With this latest injection, each of the three telcos’ total shareholder advances and additional shareholder advances to DNB now stands at RM551.9 million, representing a 22.94% interest based on DNB’s issued share capital and shareholder advances. — CelcomDigi, Maxis and YTL inject additional RM202 mil each into DNB for spectrum acquisition
*MyNews Holdings Bhd (KL:MYNEWS)* announced the appointment of Amir Nashrin Johari as a non-independent and non-executive director effective May 1. Amir Nashrin, 32, is the son of Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani, whose investment vehicle JAG Capital Holdings Sdn Bhd is the convenience store operator’s major shareholder. JAG Capital emerged as a substantial shareholder of MyNews in December last year after raising its stake to about 20.3% through off-market purchases totalling 48.3 million shares. — MyNews appoints Johari Ghani’s son as director after family vehicle emerged as major shareholder
*Metronic Global Bhd (KL:MTRONIC)* has proposed to acquire 81 units of freehold serviced apartments in Melaka for RM33.24 million, saying the purchase will contribute positively towards future earnings. The building and security management systems company said it entered into a deal to buy the apartments, located at Marina Point, Klebang, from the developer and registered owner, Sanichi Precision Mould Sdn Bhd, a wholly owned subsidiary of Sanichi Technology Bhd (KL:SANICHI).
