KLSE:OPPSTAR

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Malaysian Shares End Week Lower, Shrugging Off Regional Gains; Oppstar's Shares Rally 8%

Malaysian blue-chip index erased gains to end the week in red, bucking a positive performance of its regional peers.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 0.23 points to end 0.01% lower at 1,736.48.In corporate news, shares of Oppstar (KLSE:OPPSTAR) jumped about 8% on today's close after its unit, Oppstar Technology, received a letter of offer for the Compute Subsystem Access Token under the Malaysian Investment Development Authority (MIDA),Telekom Malaysia's (KLSE:TM) attributable profit declined to 365.5 million ringgit in the second quarter from 403.0 million ringgit a year ago. Earnings per share contracted to 0.095 ringgit from 0.105 ringgit a year earlier, the telecom services provider said. Shares dropped 4% on Friday's close.Shares of Milux (KLSE:MILUX) gained over 1% on close after Bursa Malaysia approved the listing and quotation of its 220.6 million new shares to be issued for its proposed acquisition. Earlier, Milux signed a conditional deal to acquire 100% of Movon for 150 million ringgit, to be satisfied via issuance of 220.6 million new Milux shares at 0.68 ringgit each.

FTSE Bursa Malaysia KLCIKLSE:MILUXKLSE:OPPSTARKLSE:TM

Asia4h ago

Oppstar Arm Gets Letter of Offer for Compute Subsystem Access Token from Malaysian Government; Shares Jump 8%

Oppstar Technology, a subsidiary of Oppstar (KLSE:OPPSTAR), has received a letter of offer for the Compute Subsystem Access Token under the Malaysian Investment Development Authority (MIDA), according to a Friday filing to the Malaysian bourse.The company's shares were up over 8% in recent trade.The offer letter is for the allocation of an Arm Compute Subsystem access token under the strategic cooperation program between the Government of Malaysia and Arm Limited for telecommunications and data center applications.The company said it is currently reviewing the terms, conditions, and operational parameters of the offer.

KLSE:OPPSTAR

Asia46d ago

Market Chatter: Tokyo Artisan Intelligence, Oppstar to Advance Former's In-house AI Chip Plans

Japanese startup Tokyo Artisan Intelligence is advancing plans to commercialize its in-house edge AI chips, targeting mass production by the end of 2027 with design support from Malaysia's Oppstar (KLSE:OPPSTAR), Nikkei Asia reported Monday, citing an interview with the Japanese startup's Chief Executive Hiroki Nakahara.The company has completed testing of its Sting Ray prototype and expects to produce sample chips in the first half of next year using a 40-nanometer manufacturing process from Taiwan's United Microelectronics (TPE:2303), he said.Nakahara said the firm is focusing on edge AI applications, seeking growth outside the data center chip segment led by larger industry players, the Nikkei said.Tokyo Artisan Intelligence and Oppstar did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KLSE:OPPSTARTPE:2303

Asia87d ago

Malaysian Shares Extend Losses on Higher Producer Prices

Malaysian shares closed lower on Tuesday, mirroring regional losses. The investor sentiment was downbeat after April producer prices rose 5.4%, reinforcing concerns over lingering inflation pressures.The FTSE Bursa Malaysia KLCI shed 9.48 points to end about 0.6% lower at 1,699.02. The day range was between ,696.14 and 1,707.52.In corporate news, Petroliam Nasional (PETRONAS) agreed to acquire Saudi Aramco's stakes in Pengerang Refining and Pengerang Petrochemical, collectively known as PRefChem. Subject to closing conditions, the deal will make the joint venture a wholly owned unit of PETRONAS.Shares of Oppstar (KLSE:OPPSTAR) rose about 6% on close after its unit, Oppstar Technology, executed an access token agreement with the Malaysian Investment Development Authority (MIDA). The agreement formalizes the company's access to ARM Limited's Flexible Access (AFA) Token - Entry Tier under a strategic government-linked cooperation program.Shares of Hextar Industries (KLSE:HEXIND) slid about 2% on Tuesday's close after it incurred a net loss of 6.4 million in the first quarter, reversing a profit of 2.1 million ringgit a year ago.

FTSE Bursa Malaysia KLCIKLSE:HEXINDKLSE:OPPSTAR

Asia87d ago

Oppstar Secures MIDA-backed ARM Access Token for AI Chip Design Project; Shares Rally 10%

Oppstar (KLSE:OPPSTAR) wholly-owned subsidiary, Oppstar Technology, has executed an access token agreement with the Malaysian Investment Development Authority (MIDA), according to a Monday bourse filing.The agreement formalizes the company's access to ARM Limited's Flexible Access (AFA) Token - Entry Tier under a strategic government-linked cooperation program.Shares jumped over 10% in recent trade.The arrangement grants Oppstar access to advanced ARM architecture and software design tools to support front-end engineering research, including development tied to an AI-focused system-on-chip initiative.The deal has a term of one year, it said.

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