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This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A THE share price of DRB-Hicom Bhd has been on a downward trend since December 2020, when the shortage of semiconductors became apparent the world over. Last Friday, DRB-Hicom was trading at RM1.16 — its lowest since March 23, 2020. This means DRB-Hicom is now trading at the level when stocks tumbled in reaction to the first Movement Control Order (MCO), which was implemented in March 2020 to contain the spread of Covid-19. This is in contrast to other automotive or automotive-based groups listed on Bursa Malaysia. For example, Bermaz Auto Bhd is trading at more than double the level on March 23, 2020, and MBM Resources Bhd is 38% higher than at the start of the pandemic. Shares in Sime Darby Bhd, which is also a conglomerate like DRB-Hicom, were up 43.5% last Friday compared with March 23, 2020. UMW Holdings Bhd, another conglomerate with a huge automotive … [Read more...] about At an almost two-year low, DRB-Hicom is still demonstrating upside uncertainty

Asian league executives including PBA’s Willie Marcial during the EASL Draw on Tuesday at Shangri-La The Fort. –PBA IMAGES MANILA, Philippines—Commissioner Willie Marcial said the PBA is open to welcoming players from other Asian leagues like the Japan B.League and Korean Basketball League as imports amid the influx of Filipino talents overseas. Marcial is meeting with KBL commissioner Kim Hee Ok Tuesday night with one of the points of discussion a potential “exchange of players” as brought up by the Korean league. “Asian imports are welcome here with us any time,” Marcial said in Filipino Tuesday during the East Asia Super League grouping ceremony at Shangri-La Fort where top officials from other top-tier Asian leagues were present. “The KBL has also told us about exchange of players. I told them, we’ll see how it will work with the league and the (PBA) teams.” The B.League has become a hot destination for Filipino players with the likes of the Ravena brothers Kiefer and … [Read more...] about PBA open to ‘exchange of players’ with other Asian leagues

BERLIN (Reuters) - Bundesliga player of the season Christopher Nkunku signed a contract extension with RB Leipzig through to 2026 on Thursday, ending months of speculation about a possible departure. The versatile France attacking midfielder scored 20 league goals and set up 13 in 34 league matches in his most prolific season since joining in 2019, while also lifting the German Cup in May. His superb form made him a hot transfer target for several top European clubs with his future unclear prior to Thursday's contract extension. "I am pleased to continue wearing the RB Leipzig shirt," the 24-year-old said. "After our great achievement in winning the DFB-Pokal (German Cup), it remained clear that my story here isn’t over yet – we want more. "RB Leipzig have made a name for themselves on the international stage in recent years and have shown time and again that we can compete for titles. We want to build on that going forward and go one step further." Leipzig finished … [Read more...] about Soccer-Bundesliga player of the season Nkunku signs Leipzig contract extension