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Poultry producer  CAB Cakaran Corp Bhd (KL:CAB)  expects to book its  first earnings from Indonesia as early as next year , as its long-awaited joint venture with Indonesia’s  Salim Group  finally gains momentum. Managing director  Chris Chuah  said the venture — delayed for nearly a decade due to Covid-19 disruptions and political changes — is now on track, with plans to  convert one of Salim’s existing factories  to process  halal poultry products . “Without having to build a new facility, production could start within months,” Chuah told  The Edge . “We also don’t have a demand issue — Salim Group will handle that.” Fast Start, Low Capex Under the first phase of the five-year plan, the partners will invest  US$10 million (RM45 million) , with operations slated to begin by  2Q 2026 . Salim Group — Indonesia’s largest conglomerate and owner of  Indomaret’s 23,000-store network  — will hold  70% , while CAB ...

The Malaysian building material sector saw  mixed price trends in June , with  steel prices softening  in many areas while  cement costs crept upward  across the board. Steel Prices: Sliding Downward Month-on-month , steel prices fell  between -1.0% to -3.1% . Biggest drops: Pahang : -3.1% Sibu : -2.5% Pulau Pinang, Kedah & Perlis : -2.1% Bucking the trend: Selangor, KL, Melaka & Negeri Sembilan : +0.4% Miri : +0.3% Year-on-year , steel prices were down  -5.1% to -15.5%  compared to June 2024. Average steel price  (mild steel + Mycon 60): RM3,480.10/MT in June, up slightly from RM3,476.75 in May. Cement Prices: Small but Steady Gains Month-on-month , cement prices rose  0.1% to 0.2%  in all regions. Year-on-year , prices increased  0.3% to 3.7% , with top performers: Johor : +3.7% Tawau : +3.6% Pulau Pinang, Kedah & Perlis : +2.5% Average price of Ordinary Portland Cement : RM23.80 per 50kg bag in June, up from RM23...

Malaysia Market Overview (🇲🇾) Bursa Malaysia extended its recovery trajectory, with the benchmark  FBM KLCI climbing back above the 1,550 level , closing at  1,550.19 as of July 4 . The rebound was buoyed by  continued domestic political stability ,  easing U.S.-China trade tension , and  resilient foreign inflows . Weekly foreign net buying surged to  RM302 million , significantly higher than the RM33.02 million recorded the week prior. However,  year-to-date outflows remain steep at RM11.835 billion , indicating lingering investor caution. Attention is now shifting to the  July 9 deadline  for the United States’ 90-day reciprocal tariff reviews. Investors are closely monitoring updates and diplomatic signals as  tariff letters  are expected to be dispatched to trade partners. On a brighter note,  Prime Minister Anwar’s official visit to France  yielded  over RM4 billion in potential investments and  RM675 mil...