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Malaysia and Singapore to Boost Cybercrime Cooperation in Cross-Border Crime Agreement

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
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Sunway Bhd’s 3Q Earnings Expected to Exceed Projections Due to Singapore Project

Analysts at CGS International predict that Sunway Bhd’s third-quarter earnings will outperform consensus estimates, driven by significant profits from the Parc Central Residences condominium project in Singapore. The project, which holds a gross development value of RM2.9 billion, has seen Sunway’s stake of RM940 million contribute around RM123 million in pre-tax profit for Q3. Sunway’s official earnings announcement is anticipated by the end of November.

Additionally, Sunway Construction Group Bhd (SunCon) is expected to post a robust quarter, bolstered by lucrative data center contracts.

CGS International has raised its target price to RM5.20 with an “add” recommendation for Sunway. With shares currently trading at RM4.66, the stock has surpassed the consensus 12-month target price of RM4.47, showing a strong performance this year backed by booming property sales and the increase in construction projects. Property presales are reportedly on track to meet Sunway’s RM2.6 billion target for 2024, and CGS International also highlighted Sunway’s potential in healthcare with an IPO planned for its hospital unit in 2025-2026.

As of now, eight analysts have “buy” recommendations, while three advise “hold,” and one has issued a “sell” rating on the stock.

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