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Investment & Market Trends, News

Chocolate Companies Affected By Global Cocoa Price Surge, Supply to Decrease 11%

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KUALA LUMPUR: The recent surge in global cocoa prices that was caused a supply shortage is impacting local chocolate companies throughout the supply chain. Smaller companies are being cautious in their contracting and planning. The situation has been dragged down by heavy rainfall and crop diseases in the top cocoa producers Ghana and Ivory Coast. Experts believe that price fluctuation and market manipulation would cause worries about the future of the chocolate industry and other challenges could also arise such as decreased affordability, cost pressure on manufacturers, impact and smallholder farmers, disruption in the supply chain as well as the quality and sustainability concerns. It was reported that the global cocoa supply will decrease by almost 11% over the 2023-2024 period, based on findings of the International Cocoa Organisation. On 19 April 2024, cocoa had jumped four times to US$12,218 per tonne from US$3,515.2 per tonne on 2 January 2024. According to Plantations and Commodities Minister Datuk Seri Johari Abdul Ghani, Malaysia’s cocoa sector has not yet achieved a satisfactory level of self-sustainability as the production of cocoa beans in the country has declined significantly, which pushed many local industries to import cocoa beans from abroad. Meanwhile, Benns Ethicoa Chocolate Factory Founder Wilfred Ng Chee Wai believes that if coca prices continue to rise, chocolate makers will encounter challenges such as increased production costs, pressure to raise product prices, reduced consumer demand due to higher prices and supply chain stress caused by fluctuating prices. “As a result, factories would require increased cash flow to secure these essential resources. “Consequently, chocolate prices will need to rise, which will eventually slow demand and the current price levels have placed immense strain on the entire supply chain,” he said. Ng stressed that cost-cutting should be prioritised for chocolate companies, which may result in downsizing or diversifying to mitigate the impact. — BERNAMA

News, Property

Penang unveils plan for Integrated Circuit Design and Digital Park

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GEORGE TOWN: The Penang state government has unveiled its plan to establish an Integrated Circuit (IC) Design and Digital Park, which offers a total of 1.0 million square feet (sq ft) of premium office space to attract and house high-impact projects. Penang Chief Minister Chow Kon Yeow said these developments will further solidify Penang’s position as the preferred investment destination for businesses and entrepreneurs in these sectors. He said the development of the park consists of two phases, involving 42.5 hectares in the Bayan Lepas Industrial Park. “The first phase which began in January last year involves the construction of two office buildings, namely the Global Business Services (GBS) By The Sea and the GBS TechSpace, with a total cost of RM347 million. “(The first phase) is set to be completed by the fourth quarter of this year, providing approximately 350,000 sq ft of premium office space, equipped with high-spec building features, cutting-edge engineering lab facilities and parking accommodations,” he said during a press conference here, today. Chow said the second phase involves the construction of GBS@Technoplex, which will cost approximately RM308 million, scheduled for completion by 2027.He highlighted that in the past, the state has established its own GBS buildings which are the first of their kind in Malaysia, namely GBS@Mayang and GBS@Mahsuri, signifying the state’s commitment towards a robust ecosystem for digital innovation. Chow said the second phase involves the construction of GBS@Technoplex, which will cost approximately RM308 million, scheduled for completion by 2027. He highlighted that in the past, the state has established its own GBS buildings which are the first of their kind in Malaysia, namely GBS@Mayang and GBS@Mahsuri, signifying the state’s commitment towards a robust ecosystem for digital innovation. He noted that Penang currently hosts 200 Malaysia Digital-status companies, predominantly from foreign direct investments, showcasing the state’s attractiveness in this sector. “To further promote IC design, the state is introducing subsidised rental rates for office spaces. “Additionally, we are in the process of applying to the Federal Government for incentives and grants to enhance the ecosystem. These initiatives will be incorporated into the forthcoming incentive package,” he said. Chow also said that the state is committed to providing exceptional infrastructure, conducive facilities, and attractive amenities to strengthen Penang’s pioneer position in the IC design and digital industries. Over the past 30 years, Penang has been home to over 20 global IC Design companies, including Intel, Motorola, AMD, Microchip, UST Global, Siemens, Zebra, Lattice, and Synopsys, as well as several homegrown IC design corporations such as SkyeChip, Oppstar Technology and Infinecs Systems. — BERNAMA

News, Uncategorized

Sime Darby Motors Unveils Enhanced BYD ATTO 3 2024, Setting New Standards in EV Innovation at RM149,800

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ARA DAMANSARA: Sime Darby Motors, the authorized distributor of BYD vehicles in Malaysia, proudly introduces the highly anticipated BYD ATTO 3 2024, showcasing the latest advancements in electric vehicle (EV) technology. This upgraded version of the acclaimed electric SUV demonstrates BYD’s unwavering dedication to innovation and quality, promising Malaysian drivers an unparalleled driving experience. Crafted upon BYD’s advanced e-platform 3.0 and the revolutionary Ultra-Safe Patented Blade Battery Technology, the BYD ATTO 3 2024 sets new standards for safety and performance. Recognized with a maximum five-star rating by Euro NCAP, Europe’s leading independent safety institute, it also boasts the distinction of being the world’s first intelligent cabin designed with a focus on sports and fitness. With its cutting-edge technology, the BYD ATTO 3 2024 instills confidence in every journey, offering both power and sustainable mobility at the fingertips of drivers. Key Enhancements for 2024 include: – Exterior Refinements: A sleek black fin at the D-pillar replaces the previous white fin, adding a touch of sophistication. Additionally, the iconic BYD logo now graces the rear, exemplifying the vehicle’s modern appeal. – Interior Upgrade: Introducing a new “Black-Dark Blue” color scheme enhances the interior aesthetics. Customers now have two interior color options—Black-Dark Blue and Dark Blue-Light Grey, depending on the selected exterior color. – Advanced Technology: The BYD ATTO 3 2024 is equipped with wireless charging capabilities and an expanded intelligent rotating touch screen, now measuring 15.6 inches, providing enhanced entertainment features and visibility. Seamless connectivity with Android Auto and Apple CarPlay ensures a convenient driving experience. – New Color: Cosmos Black joins the lineup, offering customers an additional choice to suit their preferences. With its sleek appearance, Cosmos Black enhances the overall aesthetic of the BYD ATTO 3 2024, providing consumers with more options to match their style preferences. The BYD ATTO 3 2024 has received numerous accolades worldwide, cementing its position as a leader in the EV industry. As the world’s No. 1 New Energy Vehicle (NEV) manufacturer, the model has been honored with prestigious awards such as “Electric Car of the Year” by News UK and “Best EV SUV” in Thailand’s Car of the Year 2023 awards. Jeffrey Gan, Managing Director of Southeast Asia at Sime Darby Motors, expressed his enthusiasm for introducing the enhanced BYD ATTO 3 2024 to Malaysians, emphasizing their commitment to excellence in the EV segment. Backed by a robust network of advanced showrooms and expanding dealerships nationwide, Sime Darby Motors aims to provide quality service and excellent customer care. Price and Package: The BYD ATTO 3 2024 is available in a single variant priced at RM149,800, offering optimal performance value and tailored features for customers. With the addition of Cosmos Black, the model is now available in four colors: Boulder Grey, Ski White, Surf Blue, and Cosmos Black. The Boulder Grey and Cosmos Black variants feature the new interior color of Black-Dark Blue. Comprehensive Warranty Package: – 6-year or 150,000km vehicle warranty – 8-year or 160,000km battery warranty – 8-year or 150,000km drive unit warranty Additionally, BYD offers comprehensive service packages including Service Standard and Service Plus, ensuring a seamless ownership experience and long-term cost savings for BYD EV owners. Expanded Product Range: With the debut of the BYD ATTO 3 2024, BYD presents a comprehensive product range tailored to diverse preferences and budgets. From the Compact Hatchback BYD DOLPHIN starting at RM99,900, to the Enhanced Compact SUV BYD ATTO 3 2024 priced at RM149,800, and the dynamic Sports Sedan BYD SEAL starting from RM179,800, Malaysians now have a plethora of options to choose from. Commitment to Safety and Satisfaction: Ensuring the safety and satisfaction of our customers remains our top priority. Each vehicle undergoes rigorous quality assessments to meet the highest standards. Additionally, BYD continues to invest in digital solutions, including a user-friendly mobile app, to enhance the convenience and accessibility of EV ownership. Explore the latest BYD ATTO 3 2024 by visiting your nearest BYD showroom. For more details, visit the [BYD Sime Darby Motors website](http://byd.simedarbymotors.my/) or connect with BYD Cars Malaysia on [Facebook](http://www.facebook.com/BYDCarsMalaysia) or [Instagram](http://www.instagram.com/bydcarsmalaysia/). For inquiries, reach out to our Customer Care team at 1300-38-1888.

Investment & Market Trends, News

Farm Price Holdings Berhad’s IPO Oversubscribed by 91.35 Times

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KUALA LUMPUR: Farm Price Holdings Berhad (“Farm Price”), a wholesaler and distributor of fresh produce, food and beverage (“F&B”) items, and other groceries based in Johor, has attracted substantial interest from investors for its initial public offering (“IPO”). The IPO has been oversubscribed by 91.35 times ahead of its listing on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). Farm Price, along with its subsidiaries, primarily engages in wholesale and distribution activities, serving markets in Malaysia and Singapore. Additionally, the group operates a retail outlet in Ulu Tiram, Johor, catering directly to end-consumers. With two decades of experience in fresh produce distribution, Farm Price currently operates its Senai Centralised Distribution Centre in Johor, equipped with cold room facilities for storage, processing, and packaging, alongside ambient temperature zones. Furthermore, the group’s operations are bolstered by six regional distribution centres in Johor, Selangor, Perak, and Penang, focusing on wholesale distribution of F&B products and groceries. Farm Price serves a diverse customer base, including supermarkets, minimarkets, grocery stores, wholesalers, food service operators, food manufacturers, and individual consumers. The IPO of Farm Price comprises 450,000,000 ordinary shares, featuring a public issue of 102,000,000 new shares at an issue price of RM0.24 per share, representing 22.67% of the enlarged share capital. The public issue is expected to raise RM24.48 million. Additionally, there is an offer for the sale of 33,000,000 existing shares by way of private placement to selected investors. Farm Price received a total of 16,647 applicants for 2,077,765,600 shares, valued at approximately RM498.66 million, for the 22,500,000 shares allocated to the Malaysian public, resulting in an oversubscription rate of 91.35 times. For the Bumiputera portion, 9,895 applications for 1,030,653,700 shares were received, representing an oversubscription rate of 90.61 times. Regarding the public portion, 6,752 applicants submitted requests for 1,047,111,900 shares, resulting in an oversubscription rate of 92.08 times. The 11,250,000 shares available for application by eligible directors, employees, and contributors to the company’s success have been fully subscribed. Furthermore, the private placement of 68,250,000 shares and 33,000,000 offer shares made available for application by selected investors through private placement have also been fully placed. All successful applicants will receive notices of allotment by 10 May 2024. Dr. Tiong Lee Chian, Managing Director of Farm Price, expressed gratitude for the overwhelming response to the IPO, reflecting confidence in the company’s fundamentals and prospects. With the IPO funds, Farm Price aims to expedite expansion plans to capitalize on growth opportunities within the fresh produce industry. Dr. Tiong Lee Chian stated, “Amidst a fragmented landscape, Farm Price sets itself apart through experienced expertise, a diverse range of fresh produce, in-house infrastructure, a global sourcing network, and robust distribution channels. To strengthen our position in fresh produce distribution and drive further growth, our future plans include expanding our Senai Centralised Distribution Centre, purchasing machinery, equipment, and logistics fleet, establishing additional regional distribution centres, and setting up a sales and marketing office in Singapore.” He emphasized the significance of the fresh vegetables industry for Malaysia’s food security and highlighted increasing demand in Singapore, fueled by Farm Price’s commitment to quality and value-added services. Dr. Tiong Lee Chian concluded by expressing excitement for expanding reach and meeting the growing demand for fresh vegetables in the city-state. Farm Price is set to be listed on the ACE Market of Bursa Securities on Tuesday, 14 May 2024, with an anticipated market capitalization of approximately RM108.00 million based on an issue price of RM0.24 per share and an enlarged share capital of 450,000,000 shares. Alliance Islamic Bank Berhad serves as the Principal Adviser, Sponsor, Sole Underwriter, and Placement Agent for the IPO Exercise.

Investment & Market Trends, News

Rocket Software Acquires OpenText’s Application Modernization Business for $2.275 Bil

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MALAYSIA: Rocket Software, Inc. (“Rocket Software”), a global leader in modernization software, solidifies its position as a premier partner for businesses embarking on modernization journeys with the successful acquisition of OpenText’s Application Modernization and Connectivity (AMC) business, formerly under Micro Focus. This strategic move significantly expands Rocket Software’s offerings, now providing modernization solutions from mainframe to cloud environments. The acquisition, valued at $2.275 billion, before taxes, fees, and adjustments, bolsters Rocket Software’s revenue by over 60% and broadens its customer base to more than 12,500 companies worldwide, supported by a network of over 750 partners. Furthermore, the acquisition brings on board over 770 new software engineers, go-to-market professionals, and supporting staff, with plans for additional hiring to strengthen Rocket Software’s capabilities. Milan Shetti, President and CEO of Rocket Software, expressed pride in powering and advancing global market leaders through innovation. He highlighted the acquisition as a milestone setting a new standard for modernization excellence, reinforcing Rocket Software’s commitment to strategic growth and market expansion. Shetti emphasized the company’s readiness to address modernization challenges at scale, leveraging its expertise, resources, and flexible approach to empower clients in achieving their goals. Peter Rutten, Research Vice President at IDC, recognized the acquisition’s significance in creating one of the largest mainframe modernization and connectivity software companies globally. He underscored Rocket Software’s commitment to meeting clients at various stages of their modernization journey, offering a comprehensive portfolio tailored to their needs, including hybrid strategies combining mainframe and cloud solutions. Rocket Software, bolstered by the infusion of talent and innovation from AMC, is poised to revolutionize modernization by providing leading technology for mainframe optimization, offering seamless, secure, and compliant solutions. With a comprehensive range of solutions tailored to every stage of modernization, Rocket Software meets clients at various points in their journey. Departing from traditional ‘rip and replace’ methods, the company focuses on preserving and enhancing existing investments, facilitating a smooth technological evolution. Emphasizing a partnership approach, Rocket Software prioritizes customer satisfaction, positioning itself as a trusted ally rather than a mere vendor. Rocket Software plans to integrate and enhance AMC products within its portfolio, enabling customers to remain competitive and leverage their data, applications, and infrastructure regardless of their modernization strategy. Additionally, Rocket Software will offer market-leading technologies like COBOL and Enterprise Suite, expanding mainframe modernization options and enabling seamless integration across various solutions. Testimonials from industry leaders like RBC and AG Insurance underscore the importance of application modernization in driving digital transformation and business scalability. To explore Rocket Software’s enhanced capabilities and solutions further, visit their website https://www.rocketsoftware.com/lets-modernize 

Investment & Market Trends

Ocean Fresh Berhad Signs Underwriting Agreement with KAF Investment Bank Berhad

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KUALA LUMPUR: Ocean Fresh Berhad (“OFB” or “the Company”) and its subsidiary companies (collectively referred to as “the Group”) have formalized an Underwriting Agreement with KAF Investment Bank Berhad (“KAF IB”), acting as the Principal Adviser, Sponsor, Underwriter, and Placement Agent, today. This agreement paves the way for OFB’s initial public offering (“IPO”) and subsequent listing on the ACE Market of Bursa Malaysia Securities Berhad. The IPO initiative involves the issuance of 50,050,000 new ordinary shares of OFB (“Shares”) structured as follows: (i) 10,510,000 Shares earmarked for public subscription, with at least 5,255,000 Shares reserved for Bumiputera investors, including individuals, companies, cooperatives, societies, and institutions; (ii) 1,710,000 Shares designated for subscription by eligible directors, employees, and contributors to OFB’s success; and (iii) 37,830,000 Shares offered via private placement to selected investors. The Group’s core activities encompass the processing and trading of frozen seafood products and the provision of frozen seafood processing services, catering to customers in Malaysia, as well as in Turkey, China, Thailand, Vietnam, Japan, and other markets. Expressing his sentiments on the occasion, OFB’s Executive Director, Siang Hai Yong (黄喜荣), remarked, “We are excited to embark on this journey alongside KAF Investment Bank, marking a significant stride toward our listing on the ACE Market of Bursa Malaysia Securities Berhad. Our strategic focus includes expanding our exports of frozen seafood products to international markets, especially China, and venturing into the processing and trading of dried seafood products. Consequently, we anticipate the need to augment our storage capacity to meet growing demand.” He further added, “Therefore, we envisage utilizing a portion of the proceeds from this IPO for the construction of a new cold storage facility, which will upscale our capacity from 1,700 tonnes to 4,700 tonnes.” “The path to achieving listed status has been a culmination of persistent efforts for OFB. I am thrilled that, after years of dedication and perseverance, we are poised to tap into the capital markets, which will catalyze our growth trajectory.” Subject to any unforeseen circumstances, the Group is on track to list on the ACE Market of Bursa Malaysia Securities Berhad by the third quarter of this year.

Energy & Technology, Investment & Market Trends

CATL and Beijing Hyundai Sign Agreement on EV Batteries

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BEIJING: CATL and Beijing Hyundai signed a strategic partnership agreement at the Auto China 2024 to cooperate on Beijing Hyundai’s EV projects, which will power future Beijing Hyundai electric models with CATL batteries. As a joint venture with a deep presence in China for 21 years, Beijing Hyundai has sold over 12 million vehicles in China, proving reliable vehicle manufacturing capabilities. Since its cooperation with CATL began in 2017, Beijing Hyundai has launched a series of popular models with cumulative sales exceeding 200,000 units. With the new agreement in place, Beijing Hyundai is expected to unleash a wave of over 10 leading global models equipped with CATL’s latest battery technology including CTP and NP. Meanwhile, CATL will leverage its technological advantages to work with Beijing Hyundai to create high-quality automotive products and support Beijing Hyundai’s business growth in China. The agreement marks a shared focus on product development and ensures a win-win situation for both companies. CATL has established and strengthened its partnership with Hyundai over the past years. In October 2021, CATL and Hyundai Mobis Co., Ltd. (MOBIS) signed a technology licensing and partnership agreement. From that, CATL will introduce and disclose its cell to pack (CTP) technology to MOBIS as well as support MOBIS in the supply of related CTP products not only in South Korea, but also worldwide.

Investment & Market Trends, News

icapital.biz Bhd (ICAP) Shares Outperforms MSCI Malaysia Over 1- and 3-year Period

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KUALA LUMPUR: The share price of Malaysia’s only listed closed-end fund, icapital.biz Bhd (ICAP) has flat out outperformed the MSCI Malaysia Index, the S&P500 and Nasdaq index over a 1-year period in US dollar terms from 1 April 2023 to 29 March 2024. Over that 1-year period, ICAP’s share price returned 47.75%, while MSCI Malaysia returned (-0.98%) and the S&P500 and Nasdaq returned 27.86% and 34.02% respectively. Meanwhile, on a 3-year period, ICAP still outperformed the other three indexes, returning 49.34%. The MSCI Malaysia index, S&P500 and Nasdaq returned (-17.58%), 32.26% and 23.65% over the said period. As of 29 March 2024, ICAP’s total net asset value (NAV) stood at RM536 million or RM3.82 per share, based on its 140 million shares outstanding. ICAP’s designated person Tan Teng Boo said: “Who says Malaysia is not a good investing destination? It’s even better than investing in Nasdaq. It’s about choosing the right Malaysian asset. If you invest in ICAP shares, there is no need to worry about the ringgit.” Tan, who was also recently named Adjunct Professor of University of Technology Sydney (UTS) in Australia, turned bullish on the Malaysian market during Investor Day on 5 November 2023, as he feels it is in a sweet spot of sorts. He says that the Kuala Lumpur Composite Index (KLCI) is poised for a prolonged bull market over the next 3- to 5-year period, fueled by macro tailwinds, forecasting the index to hit 2,500 to 3,000 points during that period. Should that happen, Tan has two scenarios for ICAP’s share price should the KLCI hit 3,000 points. Firstly, Tan foresees the NAV of ICAP doubling to RM7.86. If so, then this will be a rise of RM4.81 or a 158% rise from RM3.05. In the second scenario, Tan says that historically, the NAV of ICAP has outperformed the KLCI by 6% per annum. “Thus, if the KLCI doubles in 5 years, the NAV of ICAP will be RM10.19 by then. “Assuming its share price trades at a 10% premium to NAV, its share price will trade at RM11.21, which is a rise of RM8.16 or 267% from RM3.05,” he said. Tan adds that the performance scenarios mentioned do not include the contributions from ICAP’s innovative dividend policy. ICAP’s innovative dividend policy was announced on 29 September 2023, with the goal of proactively narrowing the discount between ICAP’s share price and its NAV per share. It is formulated as follows: a base rate of 1% of ICAP’s NAV per share, plus 8% of the difference between ICAP’s share price and NAV. This additional 8% is referred to as the top-up rate. In summary, this innovative dividend policy consists of the aggregate of the 1% base rate and the 8% top-up rate.

Investment & Market Trends, News

Malaysian Banks to Withstand External Headwinds, Expert Says

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KUALA LUMPUR: Malaysian banks are demonstrating robust asset quality and are well-positioned to navigate external challenges, as highlighted in a chartbook-style commentary published by S&P Global Ratings. Titled ‘Malaysian Banking Sector Review: Standing Firm in the Face of External Headwinds’, the chartbook underscores the superior asset quality of Malaysia’s banks compared to regional counterparts, evident in lower credit losses and non-performing loan (NPL) ratios. “Economic conditions are stable in Malaysia, which will support credit demand,” said S&P Global Ratings Credit Analyst Nikita Anand. Noting an uptick in corporate borrowing driven by key infrastructure initiatives, Nikita pointed out that credit expansion is expected to increase to 6% in 2024 from 5% last year. “Additionally, retail credit growth is projected to remain robust, while funding conditions are expected to stabilise with fixed deposit rates appearing to have peaked,” she added. She also highlighted the limited upside to profitability for Malaysian banks, with the sector’s return on assets expected to remain flat at 1.2% in 2024. “This is because net interest margins could decline further, especially if competitive pressures intensify in the country’s saturated banking sector,” she said. Moreover, Nikita said that the banking sector’s exposure to currency depreciation risks is deemed manageable, given its limited direct exposure to external debt. The sector’s exposure to corporates with unhedged foreign currency liabilities represents a mere 0.5% of total loans. To this, Nikita continued, “We anticipate a modest deterioration in asset quality. This could come from restructured loans for low-income households and small businesses.” According to her, sustained currency depreciation could impact import-reliant sectors such as manufacturing, construction and agriculture. She said stable labour market conditions, along with proactive write-off policies are expected to assist banks in maintaining low NPL ratios. — BERNAMA

Energy & Technology, News

HP Introduces New AI-Integrated Laptop Series to Make Work Even Easier!

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KUALA LUMPUR: HP Inc has introduced its most comprehensive lineup of commercial and consumer AI PCs, aiming to leverage AI capabilities for enhanced productivity, creativity, and user experiences in hybrid work environments. The unveiling comes in response to a recent work survey conducted among Malaysians, revealing a significant 63% of employees anticipating a revolutionary impact of generative artificial intelligence (GenAI) on their work methodologies. Moreover, 70% of respondents either currently employ or plan to integrate GenAI within the next year. Employers share this sentiment, with 84% of them expecting GenAI to augment flexible working arrangements. HP Malaysia Managing Director, Alex Tan emphasised the transformative potential of AI, stating: “AI creates a level playing field ensuring that we all can be creators, innovators, and entrepreneurs.” Tan underscored AI’s role in boosting productivity by automating tasks, thereby allowing talents nationwide to focus on higher-level creativity and innovation. The latest HP Elite and Pro PC solutions are powered by Intel® Core™ Ultra 5 and 7 processors, featuring dedicated NPUs for optimised AI performance with Microsoft Copilot that helps improve productivity. According to Microsoft, 57% of employees tend to spend time communicating via meetings, emails and chats while 43% spends more time on documents and spreadsheets. With Microsoft’s Copilot, users will be able to increase their productivity rate simply by inputting prompts into the Copilot feature, which is able to summarise meeting notes, gather key information from other documents without even having to leave your working file, generate tables graphs from a tediously long documents in mere seconds! It can even simplify your live video meetings by extracting crucial information from the conversations via a few short command prompts, ensuring that users can start taking action on the points discussed as soon as the meeting is over. Among the offerings, HP Smart Sense stands out for its ability to anticipate and adjust to user PC behaviour and work patterns so that the device can adjust its performance based on the user’s personal working routine, ensuring an optimal balance of performance and power efficiency. HP Elite 1000 Series G11 Notebook PCs: Offers portability, performance, and up to 21 hours of battery life. Enhanced AI capabilities result in up to 80% better graphics performance and up to 132% faster AI video editing compared to previous generations. HP EliteBook 800 and 805 Series G11 Notebook PCs (starts at RM5,999): Tailored for enterprise knowledge workers, equipped with Intel® Core™ Ultra 5 and 7 processors for AI-driven productivity. HP EliteBook 600 and 605 Series G11 Notebook PCs (starts at RM4,699): Crafted for corporates that need to maximise value and flexibility to equip a range of users in hybrid environments, tackling demanding business applications so work can be done efficiently and reliably. HP ProBook 400 and 405 Series G11 Notebook PCs (starts at RM4,399): Designed for hybrid workers, offering AI-powered workflows and essential performance, with upgradeable storage and memory options. HP Pavilion Plus PCs (starts at RM4,299): Geared towards Gen Z consumers, providing a premium computing experience tailored to their dynamic lifestyles. HP Envy x360 Series (starts at RM4,399): Featuring a flexible design for seamless transition between work and play, equipped with built-in AI engines for enhanced performance. HP Spectre x360 Series (starts at RM7,699): Designed to maximise AI capabilities, delivering faster multitasking and productivity improvements. The company also introduced the Z by HP lineup (which will be available at HP.com within the year) that offers high-performance computing solutions, including the newest generation of AI HP ZBook mobile workstations that are capable of tackling demanding workflows while ensuring reliability, security, and mobility for creative professionals. The Z by HP lineup comprises the HP ZBook Power G11, HP ZBook Fury G11, HP ZBook Studio G11 and the HP ZBook Firely G11. Protection For Your PCs Notably, HP puts security as top priority by introducing firmware protection against quantum computer hacks, namely the upgraded Endpoint Security Controller (ESC) chip that enhances manageability and data protection, reducing the risk of data breaches and downtime. The HP Elite and ProBook notebooks as well as the Z by HP workstations are equipped with HP Wolf Security (HP Wolf Protect and HP Wolf Connect) for business to protect end users no matter where and how they work. HP also launched HP Cloud Endpoint Manager SaaS32, which is purpose-built for mission-critical devices to help IT secure endpoints from threats with automated device monitoring and remediation. Take Gaming to the Next Level For gaming enthusiasts, HP unveils the OMEN Transcend 14 Gaming Laptop (starts at RM7,999), featuring advanced 14-inch OLED display, slim design, and light superior-grade internals for a versatile gaming experience. The new OMEN Transcend 14 features: Exceptionally vivid display for immersive gameplay with IMAX Enhanced Certified 2.8k 120Hz VRR OLED display and lattice-less sky-printed RGB keyboard. Compact and portable design that weighs 1.6kg with up to 11.5 hours battery life and a type-C PD 140W adapter. Redesigned chassis that utilises inbound airflow to create a pressurised zone using a vapour chamber for direct heat dissipation through rear vents, co-engineered with Intel’s dual channel flow technology. The world’s first gaming laptop with audio tuned by HyperX elevates clarity and spectral balance, ensuring subtle details won’t be overshadowed by louder sounds. HP has also updated its OMEN and Victus 16.1-inch gaming laptop PC (starts at RM7,399) with Intel® Core™ i7 HX processors.

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