*Market News on 29 SEPTEMBER 2022*
- Wall Street ends sharply higher as Treasury yields dip (Reuters)
- 10-year yield drops the most since 2020 after touching 4% (CNBC)
- Fed's Evans: expect to reach top Fed policy rate by March (Reuters)
- China's yuan ends at weakest since global financial crisis, hits record low offshore (The Star)
- Oil prices rise on surprise drop in U.S. crude, fuel stocks (CNBC)
- Malaysia, China sign MOU on digital telecommunications cooperation (The Edge)
- *Yinson* commences construction of all-electric cargo vessel (The Sun)
- *Sime Darby* Motors to distribute BYD EVs in Malaysia (The Star)
- Trading of *Heng Huat’s (HHGROUP)* securities halted pending material announcement (The Edge)
- *K-One* gets MOH approval to sell silicone adhesive tapes for wound care dressing (The Edge)
- *Central Global (CGB)* wins RM183 mil contract in Sandakan (The Edge)
- *Jentayu Sustainable (JSB)* plans to form JV firm with gas supplier to develop solar PV (The Edge)
- ACE Market-bound Betamek aims to raise RM34m from IPO (The Edge)
*STOCKS ON RADAR* - 29 September 2022 - AmBank Retail Research
*Cnergenz* (0246) Shariah Compliant: YES Entry: RM1.05-1.08 Target: RM1.20, RM1.30 Exit: RM0.94
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