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Experts

Despite DeepSeek Shock, Malaysia Data Centre Demand Could Grow

DeepSeek initially raised questions about the durability of Malaysia’s data centre boom. However, these concerns are now giving way to excitement as the situation becomes clearer, according to analysis released today by Juwai IQI Co-Founder and Group CEO Kashif Ansari. Higher AI Usage to Drive Data Centre Demand Mr. Ansari stated: “DeepSeek shocked the world with a large language model that seems comparable to those offered by competitors like OpenAI—at a fraction of the cost. Cheaper AI models like DeepSeek’s will most likely drive demand for data centres in Malaysia even higher. That’s because affordable AI enables widespread use of AI-powered tools that have previously been too expensive to adopt broadly. A survey in November found that financial concerns were the main obstacle preventing businesses from adopting AI. [1] Large language models need to become inexpensive before AI can be widely used. DeepSeek appears to have made massive progress in this area, offering token prices just one-fifteenth that of established competitor Anthropic. [2] Now that large language models are cheap enough for widespread use, we will likely see skyrocketing adoption of AI-related tools. When AI becomes more affordable, people will rely on it for more tasks, driving unprecedented demand for data centres, including in Malaysia. Some prominent analysts support this conclusion. Morgan Stanley calculates that demand for power in Asia-Pacific (excluding China) will climb by 4% if tech companies accelerate their investments due to AI’s reduced energy intensity. [3] For the real estate industry in Malaysia, this means that demand for land suitable for data centres will remain strong and could potentially grow.” Malaysia is Well-Positioned with AI-Ready Data Centres Not all data centres are designed to meet the growing demands of AI. However, Malaysia is well-positioned for a future where AI dominates data centre development. “Data centres originally built for enterprise IT, cloud computing, and general-purpose workloads often lack the power, cooling, and networking infrastructure needed for AI,” Mr. Ansari noted. “Malaysia, however, has billions of dollars in planned AI-ready data centres. Government initiatives and major investments from companies like Nvidia, ByteDance, Google, AWS, and Microsoft ensure this.” [4] Malaysia’s data centre pipeline includes 1.2 GW of planned capacity, marking a 600% growth over the next five years. Approximately 55% of new projects are planned for the Kuala Lumpur area, while the remaining 45% will be in Johor. [5] Blackstone, one of the world’s largest financial investors in AI infrastructure, estimates that $2 trillion will be spent on data centres globally over the next five years. Malaysia is well-positioned to capture a significant share of this growth, with Johor being the fastest-growing market in Southeast Asia. [6][7] “Data centre builders are tailoring projects for AI applications. For example, YTL Power’s green data centre park in Johor will incorporate advanced direct-to-chip liquid cooling, enabling the high power densities required for AI processing.” [8] Malaysia Retains Its Competitive Advantages Regardless of whether DeepSeek permanently reshapes the AI industry, Malaysia’s data centre demand is set to grow. The country retains all the advantages necessary to attract new facilities. “Malaysia’s key advantages include relatively low-cost land and energy, a skilled workforce, strong digital infrastructure, government incentives, and connectivity to major markets such as Singapore, ASEAN, and China. Energy costs are a significant factor. Malaysia’s industrial power tariffs are approximately $0.10 per kilowatt-hour (kWh), significantly lower than Singapore’s rates of about $0.27 per kWh.” [9] Malaysia: A Winner in the AI Revolution As AI becomes more accessible and affordable, Malaysia stands to benefit in multiple ways. “Until recently, many believed Malaysia would need billions of dollars to develop its own language model. However, DeepSeek claims to have achieved this for under $10 million. At that price, Malaysia could afford to develop its own language models, integrating AI into research, education, and the broader economy. Malaysian consumers will also benefit as AI becomes an integral part of everyday services. Just as mobile phones only became universal once they became affordable, AI-powered tools and services must be cost-effective to achieve widespread adoption. After the DeepSeek breakthrough, it’s now possible to envision AI driving services that impact people’s daily lives as significantly as electricity once did.” References Call Centre Helper The Economist AFR CNBC Data from Juwai IQI’s prior data centre report NY Times DC Byte TechNode EdgeConnex  

Media OutReach

VEGA Strengthens Global Leadership with New Headquarters and Appointment of Max Davies as Country Manager for Australia

HONG KONG SAR – Media OutReach Newswire – 3 February 2025 – VEGA, a global leader in AV/IT solutions, announces two major milestones: the relocation of its global headquarters to Champion Tower at 3 Garden Road, Hong Kong, and the appointment of Max Davies, formerly a senior leader at Crestron, as Country Manager for VEGA Australia. These developments underline VEGA’s commitment to innovation, leadership, and delivering exceptional solutions to clients worldwide. VEGA relocates its global headquarters to Champion Tower at 3 Garden Road, Central, Hong Kong, reflecting its commitment to innovation and global service. New Global Headquarters at Champion Tower In February 2025, VEGA will relocate its global headquarters to Champion Tower in Hong Kong’s central business district. This move reflects VEGA’s focus on fostering growth and collaboration while staying close to its key clients in the financial services and business sectors. The new headquarters, situated on a high level with stunning views of Mid-Levels, features state-of-the-art facilities designed to host client events, partner meetings, and internal team collaborations. “Our relocation to 3 Garden Road mirrors the ambitious growth plans of our clients and underscores our leadership in Asia and the Middle East,” said Steven Medeiros, CEO of VEGA. “This move enhances our ability to serve our clients better, foster innovation within our team, and build an even stronger future for VEGA.” Max Davies Joins as Country Manager for VEGA Australia VEGA is proud to welcome Max Davies as the new Country Manager for VEGA Australia. With nearly 20 years of experience in AV/IT solutions, Max brings a wealth of expertise from his time at Crestron, where he led large scale projects like Canon’s head office and ANZ Bank’s Sydney headquarters. Max’s expertise in AV/IT integration, workplace technology, and strategic project delivery makes him an ideal leader to drive VEGA’s growth in the Australian market. His deep understanding of cutting-edge collaboration technologies positions him to meet the evolving needs of VEGA’s clients. “I’m excited to join VEGA to build on the success of the Australian team and the greater global business,”* said Max Davies. “I’ll be working alongside some of the best people in the industry, striving to provide excellence and innovation for our clients.” Steven Medeiros added: “Max’s leadership and expertise from his time at Crestron will strengthen VEGA’s position in Australia and elevate our ability to deliver exceptional solutions across industries.” These announcements reflect VEGA’s focus on innovation, client success, and global growth as the company continues to expand its footprint and deliver world-class AV/IT solutions. Hashtag: #VEGA #vegaglobal https://www.vega-global.comhttps://www.linkedin.com/company/onevega/https://www.facebook.com/onevega2024/https://www.instagram.com/vega_global/ The issuer is solely responsible for the content of this announcement. VEGA With over 30 years of expertise, VEGA is a global leader in AV/IT solutions, delivering innovative, reliable, and tailored services to over 12,000 clients across 19 countries. Specializing in AV/IT integration, digital workplace strategy, and managed services, VEGA has completed over 100,000 projects worldwide. For more information, visit https://www.vega-global.com

Energy & Technology

Budget 2025: Clean energy tech focus amid transition

As India moves towards energy transition, the government will focus on supporting clean technologies. The move aims to improve domestic value addition and build an ecosystem for solar cells, electric vehicle batteries, motors and controllers, electrolyzers, wind turbines, very high-voltage transmission equipment and grid-scale batteries. Transmission systems equipment has been in focus as India faces huge electricity demand and renewable energy integration amid global supply challenges in the segment. Clean technologies are seen playing a critical role in India’s energy transition and its ambitious target of having 50% of non-fossil fuel-based power by 2030. The policy measures will drive capacity expansion, fortify supply chains, and position India as a global leader in clean energy manufacturing, according to Amit Paithankar, whole-time director and CEO, Waaree Energies.- THE ECONOMIC TIMES

News

Asean 2025: Anwar discusses Myanmar and cryptocurrencies with ex-Thai PM Thaksin

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim yesterday held a meeting with former Prime Minister of Thailand, Thaksin Shinawatra. Anwar said the meeting with Thaksin, who chairs the Asean Chairman’s informal advisory group, discussed various important matters including the situation in Myanmar as well as the development of cryptocurrencies. “In the evening, we continued this discussion with former Singapore Foreign Minister George Yeo,” he said in a Facebook post. On Dec 16, Anwar announced the appointment of Thaksin as an informal adviser to assist Malaysia as Asean Chair 2025. Malaysia officially assumed the 2025 Asean Chair on Jan 1, the fifth time since the establishment of Asean in 1967. Malaysia was previously the Chair of Asean in 1977, 1997, 2005 and 2015. — Bernama

Media OutReach

Germany “rested on its laurels” too long, report finds

LOS ANGELES, USA – Newsaktuell – 31 January 2025 – High levels of governance have masked a slow decline in Germany, with political, economic, and social fractures “festering over years”, a new scientific report released only weeks ahead of the February 23 parliamentary elections concludes. On February 23, Germany elects a new Bundestag. The issue of migration plays a particularly important role, not least for supporters of the far-right AfD party – seen here at a demonstration in front of the Reichstag building in Berlin, the seat of the Bundestag, in 2022. (Photo by Christoph Soeder/dpa) “It has become clear that Germany rested on its laurels for far too long”, the BGI Germany Report on the country’s governance performance says. It is based on the Berggruen Governance Index (BGI) and was conducted by researchers from the Los Angeles-based Berggruen Institute think tank, the Luskin School of Public Affairs at the University of California Los Angeles (UCLA), and the Hertie School, a German university. In their report “Germany 2025 – Slow decline in governance performance erupts into crisis of government as geopolitics worsen” the researchers conclude that the country’s government and administrative systems have appeared increasingly sclerotic and hesitant to adopt necessary changes. Effective, often painful reforms are urgently needed, but political and economic constraints make them difficult to implement, the researchers write. The 2024 BGI measures democratic accountability, delivery of public goods and state capacity on a scale from 0 to 100. It analyses the years from 2000 to 2021. According to the report, Germany has lost ground on all three measures, with structural problems festering since the “deceptively benign” years of the chancellorship of Angela Merkel (2005-2021). The Democracy Accountability Index score, for example, slid to 93 in 2021 from a near perfect 99 at the beginning of the century. The data “suggests that some of Germany’s state capacity and democratic accountability challenges were masked by economic growth, driven by the success of its export-oriented model during the 2010s”, the report says. Chief among Germany’s challenges are economic troubles that have worsened in recent years, largely stemming from a lack of public investment during that period in areas such as digitalization and transport infrastructure. On February 23, Germans go to the polls early after the ruling three-party coalition consisting of the Social Democrats (SPD), the Greens and the liberal Free Democrats (FDP) collapsed in November. Intra-government fighting over how to get the country’s ailing economy back on track was a main factor of the break-up. At the same time, social trust is declining in Europe’s largest economy. However, a possible new government under the conservative CDU/CSU alliance and its candidate for the chancellorship, Friedrich Merz, seems poised to exacerbate divisions rather than resolving them, the researchers say. The economic difficulties heighten uncertainty and discontent, the report argues – with migration emerging as the other major flashpoint. Rhetoric on economic scarcity is used to highlight tensions over migration, which are exploited by both the extreme right and left. That debate has been exacerbated by a recent deadly stabbing in which a migrant facing deportation from Germany is the main suspect. Yet immigration is essential to Germany’s future growth, the BGI report says: “Any future government will have to attempt to reconcile anti-immigrant attitudes with the social reality of integration and the economic necessity of attracting foreign-born workers.” Merz is promising a hard line on migration in case of an election victory. Despite provoking outrage from other political parties, Merz on Wednesday (January 29) pushed through a vote in parliament on proposals for tightening immigration controls. “Current asylum and immigration policy jeopardizes the security of the people and the confidence of all of society in the state,” the text of the motion by the CDU/CSU says. The passed proposal includes a request to the German government to turn back asylum seekers at Germany’s borders. But even more incendiary in German politics has been Merz’s willingness to break long-standing taboos and use votes from the far-right Alternative for Germany (AfD) in order to pass the motion. All long-established parties in the lower house of the German parliament, the Bundestag, had previously said they would not work with the AfD, with many Germans alarmed at the rise of the party in recent years in a country still scarred by its Nazi past. According to the latest opinion polls by the five major polling institutes, the conservative CDU/CSU is clearly in the lead, polling at between 28 and 34 per cent. Second comes the AfD with 19 to 21 per cent, followed by the SPD with 15 to 19 per cent. The current German Chancellor Olaf Scholz is a member of the SPD. The Greens are at 12 to 15 per cent in the opinion polls, while the FDP this time may not clear the 5-per-cent-threshold necessary to enter the Bundestag. ———————————————- This text and the accompanying material (photos and graphics) are an offer from the Democracy News Alliance, a close co-operation between Agence France-Presse (AFP, France), Agenzia Nazionale Stampa Associata (ANSA, Italy), The Canadian Press (CP, Canada), Deutsche Presse-Agentur (dpa, Germany) and PA Media (PA, UK). All recipients can use this material without the need for a separate subscription agreement with one or more of the participating agencies. This includes the recipient’s right to publish the material in own products. The DNA content is an independent journalistic service that operates separately from the other services of the participating agencies. It is produced by editorial units that are not involved in the production of the agencies’ main news services. Nevertheless, the editorial standards of the agencies and their assurance of completely independent, impartial and unbiased reporting also apply here. Further coverage by the Democracy News Alliance can be found in the DNA digital newsroom at https://www.presseportal.de/en/nr/174021 Hashtag: #DNA The issuer is solely responsible for the content of this announcement.

Lifestyle

Experience the Magic of Lost World of Tambun at Sunway’s 50th Anniversary Roadshow

Sunway Group, a prominent leader in Southeast Asia, is commemorating its 50th anniversary this year with an exciting Golden Jubilee Mega Roadshow, offering families fun-filled activities, exclusive deals, and a chance to win daily lucky draw prizes worth over RM500,000. From 21 February to 10 March 2024, this nationwide event will take place across four states: Penang, Perak, Selangor, and Johor. A standout feature of the roadshow is Sunway’s flagship Lost World of Tambun, located in Perak. As one of the region’s most beloved theme parks, Lost World of Tambun offers an incredible mix of adventure and relaxation, from its rejuvenating hot springs to the thrilling rides and attractions. As part of the roadshow, Sunway is offering special limited-time deals on tickets and packages, making it the perfect time to visit and enjoy everything the park has to offer. Whether it’s the lush jungle environment, the soothing hot springs, or the petting zoo, the Lost World of Tambun promises unforgettable experiences for visitors of all ages. In addition to Lost World of Tambun, the roadshow will feature an exciting array of entertainment, including live performances, fashion shows, interactive games, and activities designed to engage the whole family. Sunway’s diverse portfolio will be well-represented, with exclusive offers available from Sunway Theme Parks, Sunway Hospitality, and Sunway Malls. Each stop will also feature a grand prize, giving visitors the chance to walk away with incredible rewards. To access even more exclusive offers, participants are encouraged to download the Sunway Super App. This handy app provides easy access to the Sunway Golden Jubilee Booklet, which details all the incredible deals, prizes, and event schedules at the roadshow locations. Available for download on the Apple App Store, Google Play Store, or Huawei AppGallery, the app also gives users a chance to enter the daily lucky draw and potentially win big. The Sunway Golden Jubilee Mega Roadshow will be making stops in: Sunway Carnival Mall, Seberang Jaya, Penang: 21 – 25 February 2024 AEON Mall Kinta City, Ipoh, Perak: 22 – 25 February 2024 Sunway Pyramid, Sunway City Kuala Lumpur: 29 February – 3 March 2024 Sunway Big Box Retail Park, Sunway City Iskandar Puteri, Johor: 5 – 10 March 2024 Evan Cheah, Group CEO of Digital & Strategic Investments at Sunway Group, reflects on the milestone: “Sunway started different businesses not just for the sake of profits, but to cater to people’s needs. Throughout the past 50 years, we have touched the lives of countless people from different walks of life and will continue to innovate for future generations to come.” This anniversary roadshow is just one part of Sunway’s ongoing commitment to giving back. In line with its corporate social responsibility initiatives, Sunway will continue to support local communities throughout the year. This includes the Sinar Ramadan initiative to support underserved communities, Sunway The Good Run charity event in July, and the Meal Pack-a-thon drive to pack over 500,000 meals for those in need. For more details on the roadshow and special offers, visit Sunway’s 50th Anniversary Website.

The Executives

Putrajaya Marriott Hotel Leads the Charge in MICE Innovation and Sustainability

The meetings, incentives, conferences, and exhibitions (MICE) industry is a vital sector within the hospitality landscape, and Putrajaya Marriott Hotel stands at the forefront, setting new benchmarks for seamless event execution, sustainability, and personalised service. Under the leadership of Nikie Mok, General Manager of Putrajaya Marriott Hotel, the property continues to evolve as a premier destination for business and leisure events in Malaysia and Southeast Asia. Creating Bespoke Experiences for MICE Events “At Putrajaya Marriott Hotel, we don’t just host events—we craft experiences that leave lasting impressions,” says Nikie Mok. “From corporate summits to grand celebrations, our team is dedicated to delivering impeccable service, state-of-the-art facilities, and customised solutions that align with our clients’ unique visions.” The hotel boasts over 20 flexible event spaces, including the rebranded Marriott Putrajaya International Convention Centre (MPICC), a key venue for large-scale conferences and exhibitions. Equipped with cutting-edge technology, hybrid event capabilities, and high-speed connectivity, these spaces cater to both in-person and virtual audiences. Additionally, dedicated event planners ensure that every detail is meticulously executed, offering organisers a seamless experience from planning to execution. Sustainability at the Heart of MICE Events Sustainability is a core pillar of Putrajaya Marriott Hotel’s MICE strategy. “As part of Marriott International’s commitment to sustainability, we integrate eco-friendly practices into our events,” Mok explains. “From energy-efficient lighting to waste management initiatives, we ensure that event organisers and attendees can make responsible choices without compromising on experience.” The hotel participates in the Connect Responsibly programme, offering a Meeting Impact Report (MIR) that calculates an event’s carbon and water footprint. Organisers can also opt to purchase carbon offset credits, further aligning their events with corporate ESG goals. Other sustainability efforts include: Sustainable Dining – Curated menus featuring plant-based options to reduce the environmental impact of food production. Waste Management & Upcycling – Workshops that promote recycling and upcycling, such as the Upcycled Plastic Pouch Workshop. Green Event Practices – Digital communication, reusable décor options, and solar-powered landscape lighting to minimise waste and energy use. Sustainability Sculpture – A symbolic centrepiece at the hotel, reflecting its commitment to environmental responsibility. A Personalised Approach to Event Planning Mok highlights the hotel’s dedication to personalised service. “Every event is unique, and our team works closely with organisers to tailor every aspect to their preferences,” she says. “From culturally significant weddings to high-level corporate retreats, we ensure that every detail is thoughtfully planned and executed.” The hotel offers a range of services to enhance the attendee experience: Dedicated event planning team – Experts who specialise in various event types, including Indian weddings and corporate conferences. Customised MICE packages – Options for wellness programmes, team-building activities, and bespoke dining experiences. Exclusive privileges for Marriott Bonvoy members – Loyalty perks such as personalised services and curated itineraries. Future-Proofing MICE Events in Southeast Asia Looking ahead, Putrajaya Marriott Hotel has ambitious plans to maintain its leadership in the MICE industry across Southeast Asia. Mok outlines key focus areas: Hybrid Event Expansion – Upgraded audiovisual systems and interactive tools to support seamless virtual and in-person integration. AI-Powered Smart Meetings – Incorporation of AI-driven tools for attendee engagement and event planning efficiency. Strengthening Regional & International Connectivity – Leveraging the upcoming IOI Resort City Express Line and IOI Airport Shuttle to attract global events. Enhanced Sustainability Efforts – Expansion of the Connect Responsibly programme and introduction of zero-waste event solutions. Cultural & Experiential Offerings – Integrating Malaysian art, culture, and cuisine into event experiences to enrich guest engagement. “Our goal is to remain at the forefront of the MICE industry by continuously innovating and enhancing our offerings,” says Mok. “With a strong focus on technology, sustainability, and personalised service, we aim to set new standards for event excellence in Malaysia and beyond.” As Putrajaya Marriott Hotel continues to elevate its MICE offerings, it reaffirms its position as a premier destination for organisers seeking world-class venues, sustainable solutions, and unparalleled hospitality. Whether for a corporate summit, a grand wedding, or an immersive conference, the hotel remains committed to delivering exceptional, memorable experiences.

Media OutReach

TRUMP coin: the signal of crypto era and rise of memecoins by global broker Octa

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 31 January 2025 – Memecoins were on the rise in 2024. Their overall market capitalisation increased from $20 billion last January up to $120 billion in December 2024. Such coins as DOGE, PEPE, or SHIB have thrived, primarily driven by community support and innovative strategies. Some experts have even acknowledged meme coins as a viable crypto trend. TRUMP, a meme coin created by Donald Trump, the 45th and 47th U.S. President, has emerged as a speculative and rather controversial asset. However, it may still signal mass adoption of crypto, regulatory warm-ups and new crypto trends. Global broker Octa explains how the meme coin may impact the market. Source: Shutterstock TRUMP: launch and accelerated growth Donald Trump surprised society on 17 January 2025, three days before his inauguration, by launching the meme coin TRUMP based on the Solana blockchain. Trump announced the launch on his official X and Truth Social accounts. The coin’s value quickly surged, particularly when it was listed on several CEX (centralised crypto exchanges) like ByBit. Within two days, it increased from $7 on 17 January to $75 on 19 January. The next day, when the President entered the White House, the price soared significantly. The minimum was around $38 per coin. At one point, the coin became the 19th most valuable crypto globally during its peak on 19 January. At the moment of writing the article, the coin ranks 25th on CoinMarketCap in terms of market capitalisation, outperforming popular memecoins like PEPE and, notably, 10-year-old XMR. TRUMP is considered a memecoin since it has no inherent value, and the asset’s price entirely depends on the market sentiment: buyers and sellers can manipulate the price. Nonetheless, Trump’s fans and crypto enthusiasts have actively supported the coin. The volume of daily traded coins reached its maximum on the inauguration day, 20 January, and surpassed $52 billion. Currently, the circulating supply accounts for almost a fifth of the whole supply: 200 million tokens. Another 800 million are controlled by Trump-owned entities. The developers plan to release the remaining tokens gradually within three years. However, many experts are concerned because the owner can ruin the market by selling the controlled assets. MELANIA meme coin: launch and impact on the market Following the TRUMP coin hype, Melania Trump announced the launch of her own meme coin, MELANIA. While its value almost reached $13 on 20 January, and a lot of crypto traders abandoned TRUMP to trade MELANIA, the asset’s price has dropped since then. The First Lady’s coin was officially presented by her incorporated company, MKT World LLC. The coin has contributed to the Trump family’s crypto hype. There were even rumours that another coin from Ivanka Trump, the daughter of the elected President, was about to see the world. However, no official news or proof was released, so this could be fake. The future of TRUMP TRUMP has been a controversial asset. Some believe it signals ‘a new regulatory era, where governments see crypto as a technology to reach out to the masses directly’. Others are sure that the launch has undermined the credibility of the industry, as the coin is rather volatile and speculative. For example, a popular Bitcoin investor, Erik Voorhees, has criticised the asset. ‘Although TRUMP may be considered as a ‘rug pull’—a quickly abandoned coin—it may have potential longevity. One of the deciding factors is the remaining 80% of the supply and its future’, comments Kar Yong Ang, a financial market analyst at Octa Broker. ‘For now, the future of the asset depends on the crypto society and its willingness to buy TRUMP. This is proved by the MELANIA launch, which shifted liquidity in its favour and significantly dropped the President’s token price.’ Considering the emotion-driven buying frenzy of the TRUMP coin, which potentially drove many newcomers to the crypto market, it’s likely to provoke another rise of memes from celebrities and influencers. While meme coins are known for their high returns, especially during the launch on CEX, they are very volatile and speculative. Traders should avoid quick decisions and overbudgeting to secure their funds. What is more, it’s advised to beware of scams. For example, there are fake TRUMP tokens now. Moreover, hackers can try to capitalise on the meme hype. Just recently, scammers breached Nasdaq’s X account and promoted a fake meme coin, STONKS. It was launched the same day and was a copycat of a pre-existing memecoin on Solana. Despite this, the project’s market capitalisation reached $80 million. Several days later, the token’s price dropped. Nonetheless, TRUMP can be considered an evidence of a crypto-favourable regulation. Since Donald Trump was elected as the U.S. President, crypto society has considered this as another proof of an anticipated bull run and crypto mass adoption. For example, Bitcoin hit another ATH (all-time-high) on the inauguration day. This is probably driven by the President’s crypto-related plans, such as industry deregulation or a potential strategic Bitcoin reserve. Hashtag: #Octa The issuer is solely responsible for the content of this announcement. Octa Octa is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools. The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities. In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

News

Singtel’s Optus secures A$1.95 billion in credit facility with 12 banks

SINGAPORE: Singtel’s Australian subsidiary, Optus, has secured a A$1.95 billion (S$1.64 billion) committed revolving credit facility from 12 banks to refinance existing credit lines and support general corporate purposes.   Participating banks include Australia and New Zealand Banking Group, Bank of China (Sydney), OCBC, DBS (Australia), and UOB (Sydney). The facility is guaranteed by Singtel Optus and its subsidiaries, Singtel announced on Friday (Jan 31). Optus has been facing regulatory scrutiny in Australia. In November 2023, it was fined A$12 million for failing to provide emergency call services to over 2,000 customers during a nationwide outage. The Australian Communications and Media Authority (ACMA) reported that the telecom carrier also neglected to check on 360 affected customers after service was restored. In October 2024, Optus was sued by the Australian Competition and Consumer Commission (ACCC) over alleged sales misconduct. The watchdog accused Optus of selling mobile phones and plans to vulnerable customers, including individuals with cognitive disabilities and learning difficulties. The lawsuit also alleges that Optus hired debt collectors despite knowing some contracts were fraudulently created. The ACCC is seeking penalties, consumer redress, and compliance measures. The company has been struggling to restore its reputation after a September 2022 cyberattack compromised the data of over one million customers, sparking calls for stricter privacy regulations. Shares of Singtel (Z74) rose 1.9% (S$0.06) to S$3.26 on Tuesday.

Investment & Market Trends, News

Gamuda Shares May Surge 62% on Order Book Growth, Says CGS

KUALA LUMPUR: Shares of Gamuda Bhd (KL:GAMUDA) have the potential to rise as much as 62% from their last traded price if the company’s market value aligns with the size of its order book, CGS International said on Friday. The research house estimates that Gamuda should  be valued at RM8.10, compared to its last price of RM4.99. It noted that Gamuda’s market capitalisation is currently 0.7 times its order book, below the historical average of 1.1 times since 2010. “We view its order book target as conservative given the pipeline of potential data centre projects with its bundled strategy,” CGS International said. “Given its strong project win momentum, we think the stock can trade up to RM8.10.” For now, the firm has raised its target price to RM6.45, based on the sum of its individual businesses’ valuations, while maintaining an ‘add’ call on the stock. Despite hitting a new record high earlier, Gamuda’s shares have retreated for three consecutive days. The stock has more than doubled in 2024, benefiting from a strong rally in the construction sector as investors seek exposure to companies involved in data centre developments and other industrial projects. At its last price, Gamuda’s market capitalisation stood at RM28 billion. Analysts remain largely bullish on the stock, with 19 ‘buy’ calls, two ‘hold’ calls, and no ‘sell’ ratings. Bloomberg data shows a consensus average target price of RM5.47, implying a 10% upside over the next 12 months. CGS International also highlighted that Gamuda’s own order book target of RM40 billion to RM45 billion for 2025 appears conservative, as its current order book stands at RM31.8 billion. “We think the incremental order book upside, which investors are also not fully pricing in, will come from high-margin data centre projects on land recently acquired in Negeri Sembilan,” the research house said. The 389-acre land in Negeri Sembilan alone could generate contracts worth RM19 billion over the next several years for a campus of eight to nine data centres, CGS International added.

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