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Nvidia CEO Optimistic About Global Tech Cooperation Under Trump Administration

Nvidia CEO Jensen Huang expressed confidence that global collaboration in science and technology will persist, even amid potential tighter export controls from the incoming Trump administration. Huang on Global Cooperation Despite the Trump administration’s previous restrictions on exporting US technology to China, Huang believes international collaboration remains essential. “Open science and global cooperation across math and science have been the foundation of societal and scientific advancements for a very long time,” Huang stated during a media session in Hong Kong. He emphasized Nvidia's commitment to balancing compliance with laws and policies while continuing to advance technology and serve customers globally. The Age of AI During a speech at the Hong Kong University of Science and Technology (HKUST) , Huang declared, “The age of AI has started — a new computing era that will impact every industry and every field of science.” Highlighting Nvidia’s innovations, he describe
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Malaysia Updates: Sunway Profits Soar Amid Market Developments

 Key Highlights

  • Markets Mixed: Global indices show varied movements; Bitcoin reached record highs of $99,121 before retreating.
  • Economic Focus: Malaysia is aligning its real economy and capital markets to drive inclusive growth, with 5.2% GDP growth over the first three quarters.

Top News

Sunway Construction Group (SUNCON)

  • Profit Surge: 3Q net profit rose 32.71% to RM46.47 million, fueled by the accelerated progress of data center projects.
  • Revenue Growth: Up 28.48% to RM865.33 million, compared to RM673.51 million in the same period last year.
  • Dividend: Declared a 2.5 sen per share interim dividend, payable on Dec 26.

Other Stocks to Watch

Petron Malaysia Refining & Marketing (PETRONM)

  • Profit Plunge: Net profit dropped 94.3% to RM4.63 million due to lower fuel demand after the diesel subsidy introduction. Revenue declined 21.4% to RM3.81 billion.

Dayang Enterprise (DAYANG)

  • Record Profit: 3Q net profit soared 76.67% to RM134.94 million, driven by higher vessel utilization and daily rent. Revenue climbed 30.48% to RM448.51 million.

UEM Sunrise (UEMS)

  • Profit Growth: Net profit for 3QFY2024 rose to RM23 million, driven by non-strategic land sales in Johor. Revenue increased 18.24% to RM369.33 million.

Malaysia Airports (MFCB)

  • Renewable Energy Boost: Net profit grew 13.8% to RM116.64 million, with revenue up 16.1% to RM372 million due to renewable energy and resource segments.

Oriental Holdings (ORIENT)

  • Profit Dip: Net profit plummeted 70.12% to RM88.87 million due to the absence of prior year’s one-off gains. Revenue rose 20.72%, driven by strong Honda Civic sales.

Economic and Policy Updates

Malaysia Reinvents Economic Framework

  • Finance Minister II Datuk Seri Amir Hamzah Azizan emphasized aligning capital markets with the real economy to ensure equitable growth.
  • 46 new IPOs reflect a robust market pipeline.

Global Financial Architecture Reform

  • Prime Minister Dato' Seri Anwar Ibrahim proposed WTO and IMF reforms to counter rising protectionism and support free trade for smaller nations.

Summary

Sunway’s impressive profit growth underscores the increasing significance of data center projects in Malaysia’s economic landscape. Meanwhile, reforms in the global financial architecture and Malaysia’s focus on equitable growth signal the country’s strategic push for sustained development

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