Key Takeaway: Cybercrime will be included in Malaysia-Singapore cross-border crime cooperation , as the two countries prepare to renew their Memorandum of Understanding (MOU) on the matter. Malaysia’s Home Minister, Datuk Seri Saifuddin Nasution Ismail, announced that cybercrime will be a new focus in Malaysia-Singapore cross-border crime collaboration . The updated MOU will be signed on Nov 14 during Saifuddin’s meeting with Singapore’s Minister of Home Affairs and Law, K. Shanmugam. This move reflects the growing threat of cybercrime , which costs ASEAN an estimated US$64 billion annually. The agreement emphasizes capacity-building, intelligence-sharing, and joint operations as vital components for addressing cybercrime. The exchange of MOU documents will occur at the Annual Leaders' Retreat on Dec 8 in Malaysia, which will be attended by the prime ministers of both nations. Saifuddin also highlighted plans to discuss border congestion issues and will visit Singapore’s Immi
With recent declines in Chinese tech stocks due to weaker domestic economic outlooks and rising geopolitical risk, investors are watching this week's earnings reports closely for signs of resilience. Tencent Holdings and Alibaba Group will report their financials, expected to reveal how cost-cutting and operational adjustments are helping them navigate both the sluggish local economy and potential higher tariffs from Donald Trump’s administration.
The Hang Seng Tech Index has fallen 17% from its recent high, while the Nasdaq Golden Dragon China Index dropped 18%. Despite this, valuation levels remain attractive, with investment managers seeing potential for recovery as Chinese policies aim to improve economic conditions.
Earnings projections for the tech sector have hit record highs, though they’ve softened slightly for e-commerce players like Alibaba and JD.com. Tencent, leading in market cap, is scheduled to report Wednesday. Its stock buyback plan of HK$100 billion has contributed to a 30% rise in share value this year.
Overall, data point to resilient earnings for internet companies. For example, Meituan, a major player in food delivery, has seen its stock double this year, partly driven by government consumption vouchers. JD.com is expected to benefit from trade-in subsidies, with its Hong Kong-listed shares rising over 40% from September lows.
As the sector remains undervalued, investors like Xiadong Bao of Edmond de Rothschild Asset Management are calling for more share buybacks as a signal of management confidence and a step toward boosting shareholder value.
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