Latest news with #MIDFAmanahInvestmentBankBhd
New Straits Times
3 days ago
- Business
- New Straits Times
Local retailers extend purchases for two consecutive weeks
KUALA LUMPUR: Local retailers continued their net buying activities, resulting in a two-week consecutive streak of purchases on Bursa Malaysia, MIDF Amanah Investment Bank Bhd said today. The investment bank said a net inflow of RM239.4 million was recorded last week, around four times higher than the previous week's inflow of RM52.7 million. However, foreign investors extended their net selling streak to two consecutive weeks, registering a net outflow of RM206.1 million. "Foreign investors were net sellers on every trading day except Monday and Friday, with outflows ranging from RM61.9 million to RM173.3 million. The largest outflow was recorded on Wednesday, followed by Tuesday with RM88.3 million and Thursday with RM61.9 million. "Monday and Friday recorded net inflows of RM1.21 million and RM116.2 million, respectively," MIDF Amanah said in its fund flow report today. It noted that the top three sectors that recorded the highest net foreign inflows were construction (RM199.5 million), transportation and logistics (RM102.1 million) and industrial products and services (RM94.7 million). The top three sectors that recorded the highest net foreign outflows were financial services (RM525.4 million), technology (RM86.1 million) and consumer products and services (RM71.8 million). "Local institutions reversed their buying momentum last week, ending their streak of eight consecutive weeks of net inflows, recording a withdrawal of RM33.3 million," MIDF Amanah said. The average daily trading volume (ADTV) experienced a broad-based incline last week except local institutions. MIDF Amanah said foreign investors and local retailers recorded increases of 6.9 per cent and 9.0 per cent, respectively, while local institutions saw a decrease of 2.6 per cent.
The Star
3 days ago
- Business
- The Star
Local retailers extend purchases for two consecutive weeks
KUALA LUMPUR: Local retailers continued their net buying activities, resulting in a two-week consecutive streak of purchases on Bursa Malaysia, MIDF Amanah Investment Bank Bhd said today. The investment bank said a net inflow of RM239.4 million was recorded last week, around four times higher than the previous week's inflow of RM52.7 million. However, foreign investors extended their net selling streak to two consecutive weeks, registering a net outflow of RM206.1 million. "Foreign investors were net sellers on every trading day except Monday and Friday, with outflows ranging from RM61.9 million to RM173.3 million. The largest outflow was recorded on Wednesday, followed by Tuesday with RM88.3 million and Thursday with RM61.9 million. "Monday and Friday recorded net inflows of RM1.21 million and RM116.2 million, respectively,' MIDF Amanah said in its fund flow report today. It noted that the top three sectors that recorded the highest net foreign inflows were construction (RM199.5 million), transportation and logistics (RM102.1 million) and industrial products and services (RM94.7 million). The top three sectors that recorded the highest net foreign outflows were financial services (RM525.4 million), technology (RM86.1 million) and consumer products and services (RM71.8 million). "Local institutions reversed their buying momentum last week, ending their streak of eight consecutive weeks of net inflows, recording a withdrawal of RM33.3 million,' MIDF Amanah said. The average daily trading volume (ADTV) experienced a broad-based incline last week except local institutions. MIDF Amanah said foreign investors and local retailers recorded increases of 6.9 per cent and 9.0 per cent, respectively, while local institutions saw a decrease of 2.6 per cent. - Bernama
The Star
15-07-2025
- Business
- The Star
Miti's AI chip export rule to have no impact on data centres
KUALA LUMPUR: MIDF Amanah Investment Bank Bhd believes that data centres will not be affected by the Ministry of Investment, Trade and Industry's (MITI) latest directive on artificial intelligence (AI) chips. The ministry has issued a directive which requires all exports, transshipments and transits of high-performance AI chips of United States (US) origin in Malaysia to obtain a Strategic Trade Permit (STP). In a research note today, the investment bank said the import of US-made advanced AI chips for use in domestic servers does not fall under the scope of the new rules unless the data centre operators intend to move the chips out of Malaysia. "There is zero impact from this directive in our opinion, as far as data centres in Malaysia are concerned. This is not an additional red tape that could delay the process of setting up a data centre in Malaysia,' it said. MIDF noted that since the beginning of the year, it has consistently reiterated that most new data centres are AI-ready, though some may eventually be used for non-AI purposes. The investment bank said the directive primarily addresses the movement of AI chips out of Malaysia, which it views as a prudent move by MITI to prevent suspected smuggling of chips into China through intermediaries. "This shows Malaysia's willingness to take responsibility for the movement of US-origin AI chips out of the country by stepping up its enforcement,' it added. MIDF said negotiations between Malaysia and the US will likely focus on regulatory enforcement, end-user monitoring, and the seriousness in addressing violations of the control measures. "MITI's latest directive covers all these. It is hoped that this will be able to placate the US when negotiating the restrictions of AI chip exports under Trump's refashioned AI Diffusion Rule,' it said. It added that speculation is growing around a possible shift from the current three-tiered country system to a licensing regime based on government-to-government agreements. This could mean that firms headquartered in the US or its close allies may no longer be restricted by the current seven per cent AI computing power limit for countries outside Tier 1, which allows for more AI capacities to be planned in countries such as Malaysia. "Regardless of the changes from Biden's rescinded Framework of AI Diffusion to the new rule being rewritten by the Trump administration, MIDF believes the essence remains, which is to contain China's AI advancement and ensure that US AI chips are not used to train Chinese AI models,' noted MIDF. - Bernama
The Sun
15-07-2025
- Business
- The Sun
MITI's AI chip export rule has no impact on Malaysia data centres
KUALA LUMPUR: MIDF Amanah Investment Bank Bhd has clarified that Malaysia's data centres will remain unaffected by the Ministry of Investment, Trade and Industry's (MITI) latest directive on artificial intelligence (AI) chip exports. The new rule mandates a Strategic Trade Permit (STP) for all exports, transshipments, and transits of US-origin high-performance AI chips in Malaysia. However, MIDF emphasised that domestic data centres using these chips will not face additional restrictions unless they plan to move the hardware out of the country. 'There is zero impact from this directive in our opinion, as far as data centres in Malaysia are concerned. This is not an additional red tape that could delay the process of setting up a data centre in Malaysia,' the investment bank said in a research note. MIDF highlighted that most new data centres in Malaysia are already AI-ready, though some may later be repurposed for non-AI applications. The directive primarily targets the movement of AI chips out of Malaysia, which MIDF views as a strategic measure to prevent unauthorised exports, particularly to China. 'MITI's latest directive covers all these. It is hoped that this will be able to placate the US when negotiating the restrictions of AI chip exports under Trump's refashioned AI Diffusion Rule,' MIDF added. The bank also noted potential shifts in US export policies, including a possible move from a three-tiered country system to a licensing regime based on government agreements. This could relax current computing power limits for non-Tier 1 nations like Malaysia, allowing greater AI capacity planning. Regardless of policy changes, MIDF believes the core objective remains unchanged: restricting China's AI development by preventing US chips from being used in Chinese AI training models. - Bernama
The Star
14-07-2025
- Business
- The Star
Local institutions extend buying streak for eight week
KUALA LUMPUR: Local institutions extended their buying streak for the eighth consecutive week, MIDF Amanah Investment Bank Bhd said. Net inflows totalled RM463.9 million for the week ended July 11, a sharp increase from RM61.0 million in the previous week, it said in its weekly Fund Flow Report. MIDF Amanah said local retailers also returned to net buying after two weeks of net selling, recording a net inflow of RM52.7 million. "The average daily trading volume saw a broad-based decline last week. "Local retailers and local institutions recorded decreases of 1.6 per cent and 12.9 per cent, respectively, while foreign investors registered a drop of 8.3 per cent,' it said. Meanwhile, MIDF reported that foreign investors turned net sellers after two straight weeks of net buying, with a total outflow of RM516.6 million. It said foreign funds were net sellers across all five trading days, with daily outflows ranging from RM10.1 million to RM272.3 million. The largest outflow was recorded on Monday at RM272.3 million, followed by Friday at RM103.6 million. The smallest outflow was on Tuesday, at RM10.1 million. MIDF said the top three sectors that saw the highest net foreign inflows were utilities (RM52.5 million), property (RM35.4 million), and transportation and logistics (RM32.1 million). "The sectors with the largest net foreign outflows were financial services (RM237.6 million), telecommunications and media (RM142.7 million), and construction (RM89.1 million),' it said. - Bernama
