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China’s AI Boom Is Starting To Show Up In Inflation Data

China’s latest inflation data reveals a clear shift beneath the surface,  the AI-driven industrial cycle is now feeding into price pressures , even as consumer demand remains subdued. Key Takeaway China's producer prices rose at the fastest pace in nearly four years, driven by stronger demand for AI-related electronics, computing infrastructure and industrial metals. However, soft consumer inflation suggests domestic demand remains weak, highlighting a growing divergence between industrial activity and consumer spending. AI Demand Is Driving Factory Inflation Producer prices (PPI) rose  3.9% YoY Strong demand from: AI infrastructure buildout Electronics and semiconductors Industrial metals like copper and aluminium The global AI spending wave,  especially data centre expansion is now directly influencing China’s upstream pricing power. Consumer Demand Still Lagging CPI grew only  1.2% YoY , below expectations Core inflation softened to  1.1% Weak consumption rem...
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Key Corporate Updates from Malaysia

 Key Business Highlights for October 22, 2024

  1. Gamuda Bhd has secured a RM4.3 billion contract through its joint venture in Taiwan to design and build the Xizhi Donghu Mass Rapid Transit (MRT). With a 75% share in the joint venture, Gamuda’s portion amounts to RM3.2 billion, potentially increasing to RM8.1 billion with additional works, bringing the total project value to RM15.1 billion. — Gamuda JV wins RM4.3 bil MRT job in Taiwan

  2. Bahvest Resources Bhd has signed an exclusive agreement with Aurelius Borneo Mining Sdn Bhd to prospect for gold in Tawau, Sabah. Under this agreement, Bahvest will receive 70% of the profit from any future gold mined, while Aurelius will get 30%. — Bahvest signs exclusive gold mining agreement with substantial shareholder’s vehicle

  3. Globetronics Technology Bhd announced the resignation of its CEO, Heng Charng Yee, and executive director, Kang Wei Luen, citing personal reasons. Chief Operating Officer Yip Wai Chee will be promoted to CEO effective January 2, 2025. — Globetronics announces resignation of CEO, executive director

  4. Teo Seng Capital Bhd, which recently saw its share price reach RM2.60, has proposed a one-for-one bonus issue to reward shareholders. The egg producer's shares are expected to trade between RM0.8641 and RM1.1615 post-bonus issue. — Teo Seng proposes one-for-one bonus issue as share price reaches new peak

  5. Green Ocean Corp Bhd has proposed a RM92.5 million share capital reduction to wipe out accumulated losses and return to retained earnings of RM31.41 million. The company has been in the red for four years, with total losses reaching RM60.8 million by September 2023. — Green Ocean proposes RM92.5m share capital reduction

  6. Ge-Shen Corp Bhd has received shareholder approval to acquire a 40% stake in Local Assembly Sdn Bhd, an electronic manufacturing services (EMS) firm, for RM48 million. The company also plans a private placement to raise up to RM91.2 million to fund the acquisition and for working capital. — Ge-Shen shareholders approve stake buy in EMS firm

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