KUALA LUMPUR (Nov 14): The newest addition to the ACE market, Securemetric Bhd — a digital security products and solutions provider, dropped 1.87% this morning after it was listed on Bursa Malaysia yesterday.
At 11.11am today, Securemetric fell 1 sen to 52.5 sen with 53.53 million shares traded and was the most actively traded stock.
TA Securities Analyst Wilson Loo said it is normal to see a market correction.
HONG KONG (Nov 13): Tencent Holdings is expected to report a small rise in quarterly net profit on Wednesday, with a steady gain in advertising revenue helping offset a slump in its core gaming business caused by a prolonged regulatory crackdown.
China, the world's biggest gaming market, stopped approving new games since March amid a regulatory overhaul, leading to Tencent reporting its first profit decline in more than a decade in the June quarter. Tencent is now cutting the marketing budget for the gaming division.