Google has begun rolling out a new Chrome security feature designed to blunt one of the most effective tools used by cybercriminals to hijack online accounts: stolen session cookies. The protection, called Device Bound Session Credentials, is entering public availability for Windows users in Chrome 146, with expansion to macOS slated for a later release. Google says the system is intended to make stolen authentication cookies far […]
S&P Global Ratings has lowered its growth expectations for both the UK and Egypt, saying the economic fallout from conflict-linked disruption across the Middle East is feeding through energy prices, trade routes and business confidence. For Egypt, S&P cut its forecast for real GDP growth in the 2025-2026 fiscal year to 4.7 per cent from 4.8 per cent, while also trimming the following year to 4.3 per […]
Samsung Electronics is weighing a semiconductor packaging and testing project in Vietnam that could be valued at about $4 billion, a move that would deepen the country’s role in the global chip supply chain and expand Samsung’s manufacturing base in one of its most important overseas hubs. Reporting over the past two days has shown that the company is discussing a semiconductor project with Vietnamese authorities, while […]
Arabian Post Staff -Dubai Saudi Arabia has moved to raise its profile in global data governance after the Saudi Data and Artificial Intelligence Authority, known as SDAIA, said it had joined the Global Privacy Assembly, a forum that links privacy and data protection authorities worldwide. The step puts the Kingdom’s privacy regime more visibly alongside international rule-setting efforts at a time when Riyadh is pushing digital government, […]
Jack Ma-backed Yunfeng Capital and Hillhouse Investment are among investors said to be planning to buy shares in Victory Giant Technology’s Hong Kong share sale, a deal that could raise about $2 billion and add fresh momentum to the city’s revival as a venue for large equity offerings. Bloomberg reported on Friday that the Guangdong-based company could begin taking investor orders as early as Monday, though the proposed allocations and timing were described as private and subject to change.
Victory Giant, formally known as Victory Giant Technology Co., Ltd., is already listed in Shenzhen and filed an application proof for a Hong Kong offering in February. The draft filing makes clear that the process was still incomplete at that stage and that no investment decision should be based on the draft document alone, a reminder that the final terms, investor line-up and valuation could still shift before launch. China’s securities regulator had already given the green light for the offering in early March, according to Bloomberg’s earlier reporting.
The company sits in a part of the technology supply chain that has drawn growing investor attention as spending on artificial intelligence infrastructure accelerates. Victory Giant makes printed circuit boards, including high-layer-count multilayer boards and high-build-up high-density interconnect boards used in AI accelerator cards, AI servers and high-speed networking equipment. In its Hong Kong filing, the company said such products are designed for high-frequency, high-speed and high-stability applications and are used in components including GPU accelerator modules, CPU motherboards and network interface cards for AI servers.
Its own figures point to a sharp improvement in financial performance as demand for those products strengthened. According to the application proof, revenue rose from RMB7.93 billion in 2023 to RMB10.73 billion in 2024. For the nine months to September 30, 2025, profit climbed to RMB3.24 billion from RMB764.6 million a year earlier, while the net profit margin rose to 23.0% from 9.9%. The filing attributes a large part of that jump to stronger demand for high-end HDI products used in AI-related applications, which command higher prices and fatter margins.
That performance helps explain why anchor demand matters. Cornerstone-style support from investors such as Yunfeng and Hillhouse would give the offering greater signalling power at a time when fund managers are trying to separate durable AI-linked manufacturers from companies benefiting only from short-lived enthusiasm. Neither investor had publicly confirmed participation at the time of Bloomberg’s report, so any description of their role remains conditional until final deal documents are published.
Victory Giant’s filing also underlines the industrial logic behind the listing. The company says it plans to use proceeds for capacity expansion, infrastructure enhancement and equipment purchases in Huizhou, Changsha and Yiyang, as well as investment in smart manufacturing. In Huizhou alone, it expects capacity additions for premium high-layer-count multilayer boards and high-build-up HDI products, reflecting management’s bet that demand tied to AI computing, data centres and advanced electronics will stay strong enough to justify further capital expenditure.
Industry data included in the filing suggest the company is positioning itself in one of the faster-growing corners of the electronics market. The application proof says the global PCB market grew to US$75.0 billion in 2024 and could reach US$93.7 billion by 2029. It estimates the PCB segment tied to AI and high-performance computing at US$6.0 billion in 2024, with that figure projected to rise to US$15.0 billion by 2029. The same filing says Victory Giant ranked first globally in the first half of 2025 for high-layer-count multilayer PCBs with 14 layers and above, and also first globally in high-build-up HDI PCB in that period. Those market-share claims are drawn from third-party industry research cited by the company and should be read in that context.
The backdrop in Hong Kong is supportive, though not uncomplicated. Reuters reported in late February that the city had its strongest start to a year since 2021, with IPOs and second listings raising about $5.5 billion in January. By March 18, LSEG data cited by Reuters showed Hong Kong’s IPO market had raised about $11.64 billion in the first quarter, up 385% from a year earlier. At the same time, Reuters also noted in March that worsening geopolitical tensions had begun to weigh on trading debuts, a sign that even a revived market remains vulnerable to shifts in sentiment.
A newly disclosed technique dubbed “sockpuppeting” has sharpened concerns over how easily some artificial intelligence systems can be pushed past their safety controls, after researchers showed that a short output-prefix prompt inserted through an application programming interface can drive several leading open-weight models to produce harmful material they would normally refuse. The work, published in January by researchers at the University of Amsterdam, describes the method […]
Elon Musk’s artificial intelligence company xAI has sued Colorado in federal court, opening a fresh front in the widening US battle over how far states can go in policing the use of advanced algorithms in decisions affecting jobs, housing, education, healthcare and finance. The complaint, filed on April 9, seeks to block enforcement of Colorado’s Senate Bill 24-205 before it takes effect on June 30, arguing that […]
Meta Platforms has unveiled Muse Spark, its first new flagship artificial intelligence model in about a year, marking a pivotal moment in Mark Zuckerberg’s attempt to restore the company’s standing against OpenAI, Google and Anthropic after a period of criticism around its earlier Llama releases. Muse Spark began rolling out on 8 April through the Meta AI app and the meta. ai website in the United States, […]
Arabian Post Staff -Dubai Dubai Police said it helped dismantle the Lyons Clan, a violent Scottish criminal network accused of drug trafficking and money laundering across Europe, the Middle East and Asia, marking the UAE’s most clearly defined public role yet in the multinational case that has unfolded over the past two weeks. Authorities in Dubai, working with the Ministry of Interior, said the force arrested a […]
Tesla is developing a smaller, lower-cost electric sport utility vehicle in a move that could reopen its path into the mass market after years of focusing investor attention on autonomy, robotics and premium technology bets. People familiar with the plan told Reuters the company has approached suppliers in the past few weeks to discuss a compact SUV that would sit below its current line-up on size and […]
A cross-border espionage campaign that targeted journalists, civil society figures and some government-linked entities across the Middle East and North Africa between 2023 and 2024 has been tied by researchers to BITTER, a long-tracked South Asian threat actor, marking what investigators describe as the first documented case linking the group to attacks on civil society in the region. The attribution remains qualified rather than definitive: Lookout said […]
Google has warned that a financially motivated cyber group tracked as UNC6783 is targeting business process outsourcers and corporate helpdesks in a campaign aimed at stealing sensitive data from large companies and then using that access for extortion. The group, which Google says may be tied to the “Raccoon” persona, has targeted several dozen high-value organisations across multiple sectors, shifting attention to a weak point that many […]
Amazon’s Sparrow robot is moving the company’s automation drive beyond lifting shelves and sorting parcels into one of warehouse robotics’ hardest jobs: selecting individual products of different shapes, sizes and surfaces from bins and placing them into totes for the next stage of fulfilment. Introduced as an AI-enabled picking arm, Sparrow marked a notable step in Amazon’s effort to automate item handling while keeping human workers in […]
US unemployment benefit claims rose last week but stayed at levels that still point to a labour market holding together, even as investors and policymakers brace for a March inflation reading that could complicate the Federal Reserve’s next move. Initial claims for state unemployment benefits increased by 16,000 to 219,000 in the week ended April 4, according to Labor Department data released on Thursday. The prior week’s […]
CoreWeave has expanded its artificial intelligence infrastructure relationship with Meta to $21 billion, extending a partnership that underlines how the biggest technology groups are leaning on specialist cloud providers to secure the computing power needed for the next phase of AI development. The enlarged agreement, announced on April 9, runs through December 2032 and builds on a prior deal valued at about $14 billion struck in September. […]
Embedded banking is moving financial services out of the bank branch and bank app and into the software people and companies already use, reshaping how accounts, cards, payments and credit are distributed across the economy. What began as an extension of embedded payments has matured into a broader model in which regulated banks provide the licensed infrastructure while technology platforms control the customer experience, a shift that […]
U. S. authorities have dismantled the domestic arm of a cyber-espionage network that officials say was run by APT28, the Russian military intelligence hacking group also known as Fancy Bear and Forest Blizzard, after it hijacked vulnerable internet routers to redirect traffic, steal credentials and sift victims for higher-value targets. The Justice Department said the FBI used a court-authorised technical operation to identify compromised routers on U. […]
DataBank and Goodman Group have formed a 50-50 joint venture to build a 32MW data centre in Vernon, California, betting that one of the most capacity-starved digital infrastructure markets in the United States will stay tight as demand from artificial intelligence, cloud and enterprise customers keeps rising. The project is due to begin operations in December 2026 with an initial 6MW, with the remaining capacity scheduled to […]
Lumen Technologies has used its latest letter from chief executive Kate Johnson to sharpen a message it has been building for more than a year: the company wants investors, customers and partners to see it less as a legacy telecom carrier and more as a high-capacity digital networking platform built for artificial intelligence workloads. In the letter, Johnson said 2025 was a “pivotal year”, set out plans […]
Anthropic has launched Project Glasswing, a controlled cybersecurity programme that gives a select group of large technology, finance and security organisations access to its unreleased Claude Mythos Preview model to identify and help fix serious software vulnerabilities in widely used systems. The company says the model has already uncovered thousands of significant flaws across operating systems, browsers and other foundational software, but has stopped short of making […]
The firm was recognised across various categories, a testament to its continued outperformance:
Datuk Wira Ismitz Matthew De Alwis, Chief Executive Officer and Executive Director said, “We are honoured to be recognised by LSEG Lipper for our consistent performance in 2025 against a backdrop of volatility, underpinned by heightened trade wars. During the year, geopolitical risks and trade tensions caused sudden swings in sentiment, which affected small- and mid-cap stocks. We steered clear of headlines and focused on sustainable earnings. This allowed us to selectively position ourselves for when valuations turned compelling while reducing exposure when risks escalated which proved effective and underscores our expertise in Malaysian equities”.
Since the launch of KGF in 2000 and KGFS2 in 2018, both funds have demonstrated consistent performance. As of December 2025, each has surpassed RM1 billion in assets under management1, underscoring Kenanga Investors’ disciplined investment approach and commitment to long term value creation. This year’s Awards also mark KGF’s sixth Lipper title while KGFS2 celebrates its inaugural win.
Lee Sook Yee, Chief Investment Officer, elaborated on the firm’s approach, “We maintained a disciplined bottom‑up stock‑picking strategy anchored in company fundamentals, giving us the conviction to stay invested in high quality businesses with strong balance sheets and structural growth drivers. This was supported by a strict risk management framework focused on sector diversification, prudent buffers, and incremental rebalancing. In 2026, we will emphasise themes such as artificial intelligence and data centre expansion, infrastructure, utilities, and selective REITs, while remaining true to our investment philosophy”.
Over the five‑year period ended 31 December 2025, KGF delivered a total return of 48.82%, significantly outperforming its benchmark2 of 3.25%. Similarly, KGFS2 achieved a robust 49.92% return compared to its benchmark’s3 46.93%. KMIF also recorded solid results with a 32.67% return against a benchmark4 of 5.26%, while KMGF posted a commendable 25.88% return, exceeding its benchmark’s5 11.32%.
The firm also recently introduced the Kenanga Growth Fund Series 3 (“KGFS3“), the third fund within its flagship conventional fund series. The KGFS3 utilises the firm’s proven investment philosophy and is managed with an active investment strategy depending on the market conditions and outlook, combining a top-down asset and sector allocation process with a bottom-up stock selection methodology.
The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. This year’s achievements will serve to strengthen Kenanga Investors’ market leadership and drive its focus on creating enduring value for its investors.
For more information about Kenanga Investors, please visit kenangainvestors.com.my.
1 Source: Lipper, 31 December 2025
2 Benchmark: FTSE Bursa Malaysia KLCI CR
3 Benchmark: 8% p.a.
4 Benchmark: FTSE Bursa Malaysia Top 100 CR
5 Benchmark: FTSE Bursa Malaysia Top 100 Index (50%) & All MGS Index by RAM Quant Shop (50%)
Hashtag: #Kenanga
The issuer is solely responsible for the content of this announcement.
We provide investment solutions ranging from collective investment schemes, portfolio management services, alternative investments, as well as wills and trusts for retail, corporate, institutional, and high net worth clients via a multi-distribution network.
The LSEG Lipper Fund Awards 2026 recognised four funds under the Malaysia Provident Funds category; Kenanga Growth Fund was named Equity Malaysia (5 Years), Kenanga Growth Fund Series 2 was awarded Equity Malaysia Diversified (3 Years), Kenanga Malaysian Inc Fund was awarded Equity Malaysia Diversified (10 Years) while Kenanga Managed Growth Fund was recognised with the title Mixed Asset MYR Balanced – Malaysia (10 Years).
The Hong Kong-based Asia Asset Management’s (“AAM“) 2026 Best of the Best Awards awarded Kenanga Investors under the following categories, Malaysia Best Impact Investing Manager, Best Impact Investing Manager in ASEAN, Malaysia Best Equity Manager, Malaysia CEO of the Year (Co-Winner), Malaysia CIO of the Year, Malaysia Best House for Alternatives and Malaysia Best ESG Engagement Initiative.
At the AAM ETF Awards 2026, Kenanga Investors received an accolade under the category Malaysia Leverage and Inverse ETF of the Year for the Kenanga KLCI Daily 1x Inverse ETF. The IFN Investor Awards 2025 awarded the Kenanga Islamic Balanced Fund under the categories of “IFN Investor Best Balanced Mixed Assets Fund in Malaysia — MYR 2025”, “IFN Investor Best Balanced Mixed Assets Fund in Asia Pacific 2025”, and “IFN Investor Best Global Balanced Mixed Assets Fund 2025”.
The FPAM Financial Planning Leadership Award 2025 presented Kenanga Investors with the Platinum Award under the Charter Member Category, highlighting our dedication to shaping the future of financial planning. The FSMOne Recommended Unit Trusts Awards 2025/2026 has awarded the Kenanga Growth Fund Series 2 with the “Sector Equity — Malaysia Focused” award for the fourth consecutive year since 2022. For the ninth consecutive year, we were affirmed an investment manager rating of IMR-2 by Malaysian Rating Corporation Berhad, since first rated in 2017. The IMR rating on reflects the fund management company’s well-established investment processes and sound risk management practices.
This Press Release was issued by Kenanga Group’s Marketing, Communications & Sustainability department.
Arabian Post Staff -Dubai Abu Dhabi University said an associate professor and a former student have been granted a patent for an artificial-intelligence application designed to translate between sign language and spoken or written language in real time, marking a push by the institution into assistive technology with a clear accessibility focus. The university identified the inventors as Dr Modafar Ati, associate professor of computer science and […]
Arabian Post Staff -Dubai Space42 said Thuraya’s services and infrastructure remained fully operational after a missile strike hit an administrative building linked to the satellite communications company in Sharjah, as the UAE’s air defences continued intercepting ballistic missiles and drones launched during the wider regional conflict. The company said there had been no disruption for customers or partners despite the incident. Authorities in Sharjah said two Pakistani […]
Li Huidi pointed out that artificial intelligence is currently reshaping the ways of production and life with unprecedented speed and breadth, deeply restructuring the competitive landscape of global industries. AI is already the core engine driving the leap in social productivity and leading the transformation of the global industrial system. The overseas development of Chinese enterprises is undergoing a comprehensive upgrade from the traditional export of products and production capacity to the synergistic development of digital capabilities and industrial chains driven by AI.
Li Huidi stated that, in the face of a new round of technological revolution and industrial transformation, China Mobile is accelerating the transition from a “telecommunications operator” to a “technology services enterprise.” With the vision of building a world-class technology services enterprise, it comprehensively promotes the integrated innovation of communication technologies, information technologies, and AI technologies, in order to strengthen, optimize, and expand the three major businesses of “communications services, computing services, and AI services.” China Mobile will deeply integrate its AI capabilities into the entire chain of its three core businesses, paving a digital and intelligent highway for globalization, featuring the integration of networks and intelligence, safety and reliability, and universal access across all domains for Chinese enterprises going global:
First, China Mobile will strengthen communications services and empower “AI connectivity”, weaving a dense network of global intelligent interconnection. The scale of China Mobile’s international information infrastructure continues to grow. China Mobile have expanded the capacity of submarine and terrestrial cables, bringing total international transmission bandwidth to 406T and Points of Presence (PoPs) to 446. Notably, the eastern section of 2Africa, the largest submarine cable system in the world circling Africa, has been activated. The sections are expected to be completed and put into operation in the first half of this year. Spanning a total length of approximately 45,000 kilometers, this submarine cable is laid along the coastline of the African continent. It connects 33 countries and regions across the Middle East, Asia, and Europe, providing high-quality, low-latency international communication services for a population of roughly 3 billion along its route. This major information artery, which connects six continents and four oceans, provides safe and reliable guarantees for end-to-end connections. It supports the scheduling of transnational AI applications and the integration of global business for enterprises going global. Global roaming is now available in 268 destinations, and the total number of users for the JegoTrip app has exceeded 90 million. China Mobile’s international ecological cooperation continues to expand, and the “Hand-in-Hand Program” covers over 3 billion users worldwide. China Mobile have consecutively hosted events such as the Southeast Asia Cooperation Conference and the China Mobile Digital Empowerment Cooperation Conferences for Chinese Enterprises Going Global. These events have been widely praised and have strengthened China Mobile’s influence within the global ecosystem. In recent years, China Mobile’s revenue from international business has consistently maintained a trend of high-speed, double-digit growth.
Second, China Mobile will optimize computing services and drive “AI Computing”, building a globally integrated computing network across the world.As a builder of computing infrastructure, China Mobile will comprehensively increase its investment in Artificial Intelligence Data Centers (AIDC), accelerate the supply of computing, and enhance its operational capabilities for Tokens. China Mobile’s 100-megawatt-level Global Intelligent Center (GIC) in Hong Kong has officially opened, and China Mobile will deploy more nodes for AI computing along the “Belt and Road” initiative in the future. China Mobile have already established a cluster for AI computing with a capacity of 92.5 EFLOPS in China. By linking this with over 1,300 resources from self-owned and cooperative data centers overseas, China Mobile are constructing a global network for computing. China Mobile will promote Mobile Cloud to integrate high-quality global models and streamline the service chain where “Agents use Tokens, Tokens drive Computing, and Computing consumes Electricity.” This will forge a solid foundation of computing for Chinese enterprises going global.
Third, China Mobile will expand AI services and reshape digital services, stimulating new momentum across all domains for enterprises going global.As a promoter of applications for artificial intelligence, China Mobile continuously iterates the capabilities of its “Jiutian” large model. China Mobile have accumulated industrial data exceeding 20 trillion Tokens and independently developed more than 50 industrial large models. This promotes the deep integration of AI agents into the entire process of production and operations for enterprises. Overseas, China Mobile translate its leading domestic AI capabilities into a “smart engine” for Chinese enterprises expanding abroad. Targeting the pain points of enterprises going global, China Mobile have tailored a “1+8” system of products and solutions for all scenarios, which has already served tens of thousands of Chinese enterprises in their global layout. By combining the advantages of Chinese manufacturing and 5G solutions, China Mobile achieve deep integration with local ecosystems overseas. In regions including Europe, Latin America, and the Asia-Pacific, and have successfully established over a thousand benchmark cases of “AI+” digital and intelligent transformation, such as smart factories, smart ports, and smart IoV. This makes the fruits of China’s innovation in AI benefit the global market.
Looking toward the vast blue ocean of the AI era, Li Huidi proposed four initiatives: First, China Mobile will jointly build AI infrastructure to forge a solid “new foundation” for AI+ global development. China Mobile will join hands with global industry partners to accelerate the construction of global communication networks, computing networks, and intelligent networks. China Mobile will jointly optimize the layout of global submarine and terrestrial cables as well as hubs for computing, achieving mutually beneficial cooperation along the “Belt and Road” initiative and around the world. By building more high-standard Artificial Intelligence Data Centers, China Mobile will provide low-latency, highly reliable, high-performance, and widely covered infrastructure of computing networks for Chinese enterprises marching into the world. Second, China Mobile will jointly establish AI standards to build a “new consensus” on intelligence within the industry. China Mobile will continue to promote China’s full-stack AI technologies and standards to the world, covering the entire chain of computing foundations, large models, and industrial applications. This will contribute Chinese wisdom, Chinese solutions, and Chinese standards to the construction of an open, inclusive, and interoperable system of global rules for AI technology. Third, China Mobile will jointly expand AI scenarios to release “new quality productive forces” across thousands of industries. China Mobile will continuously open up China Mobile’s technological foundation and experience in various scenarios, collaborating with enterprises going global to unearth high-value industrial scenarios. By providing exclusive resources for AI computing and support for Tokens, China Mobile will empower the accelerated release of new quality productive forces through AI innovation. In key regions along the “Belt and Road” initiative, China Mobile will create more replicable and promotable benchmark projects of “AI+” digital and intelligent transformation for overseas development. Fourth, China Mobile will jointly cultivate a win-win AI ecosystem to expand the “new circle of friends” for global cooperation. China Mobile will continuously upgrade the cooperative ecological system of the “iSTAR Program. Relying on the three core pillars of “AI+ applications, cloud and AI computing, and connectivity,” China Mobile will unite the strengths of global industries, academia, research, and application. This will help build a more open, inclusive, and mutually beneficial globalized digital and intelligent ecosystem. China Mobile will jointly incubate “AI+” solutions for overseas development across more than 150 scenarios, providing intelligent escorts across the entire chain and full life cycle for Chinese enterprises going global.
At the conference, using full-stack digital and intelligent capabilities to escort Chinese enterprises going global, China Mobile released a series of “AI+” full-stack digital and intelligent infrastructure, products, and services. Together with its ecological partners, China Mobile jointly released the “White Paper on the Digital and Intelligent Ecosystem of the China Mobile International ‘iSTAR Program’ for Chinese Enterprises Going-Global,” collaboratively building a new ecosystem for AI services.
Hashtag: #ChinaMobile
The issuer is solely responsible for the content of this announcement.
