22/06/2026

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BIZ & FINANCE MONDAY | JUNE 22, 2026

Malaysia, S. Korea strengthen renewable energy partnership

A SHORTENED trading week in both Malaysia and Hong Kong resulted in softer overall warrant activity, with Bursa Malaysia closed on Wednesday for Awal Muharram and the Hong Kong market shut on Friday for the Tuen Ng Festival. Total warrant turnover eased to RM538.6 million from RM785.6 million in the previous week, while trading volume declined to 4.19 billion units from 5.11 billion units. Despite the lighter trading, Hong Kong-linked warrants remained the dominant theme, accounting for 37.9% of the total market turnover. Hang Seng Index (HSI) warrants led the value traded rankings, with HSI-CWQ7 topping the list at RM31.9 million, followed by HSI-PWRP at RM26.9 million, highlighting continued two way trading as investors navigated PETALING JAYA: Malaysia and South Korea have strengthened their strategic partnership in renewable energy by exchanging a letter of intent (LoI) for the Terengganu State Palm Oil Mill Biogas Upgrading Project, an initiative that will convert waste from the palm oil industry into bio compressed natural gas (bio-CNG). Supported and coordinated by Malaysian Bioeconomy Development Corporation (Bioeconomy Corp), the project brings together South Korean renewable energy companies Polaris Bio Co Ltd and Sudokwon Landfill Site Management Corporation (SLC), along with Malaysian technology partner MTC Orec Sdn Bhd, to unlock the commercial potential of waste from the palm oil industry as a high value clean energy source. The LoI for the project was signed by Song Byeong-eok, president of SLC, Junghwan Kim, CEO of Polaris Bio and Dr Zahari Mohamad, CEO of MTC Orec. The ceremony was witnessed by Han-il Lee, minister and consul general of the South Korean Embassy in Malaysia. The signing ceremony was attended by about 40 representatives from government agencies, public institutions and private sector organisations from both countries. The Terengganu Bio-CNG Project WARRANTS WATCH

exposure to the semiconductor sector. Looking ahead, investors are likely to stay focused on geopolitical developments, the trajectory of US equities and whether Hong Kong markets can stabilise following last week’s pullback, with HSI warrants expected to remain a key avenue for short-term tactical positioning. To view the full list of structured warrants available on Bursa Malaysia, visit malaysiawarrants.com.my. Provided for Malaysian residents’ information only. This commentary has not been reviewed by the Securities Commission Malaysia. It is not an offer or recommendation to trade and is not research material. Past performance is not indicative of future performance. You should make your own assessment and seek professional advice. The warrants will not be offered to any US persons . Malaysia’s POME-to-bio-CNG ambi tions are moving beyond the feasibility stage into actual imple-mentation. “This development comes at a time when global biogas and biomethane production is projected to increase by 22% between 2025 and 2030. We look forward to seeing this strategic partnership continue to grow and contribute to the advancement of Malaysia’s bioeconomy and re newable energy sectors.” He added that Malaysia’s palm oil industry generates substantial volumes of biomass and by-products that can be converted into high-value renewable energy resources. The project will initially involve one palm oil mill in Terengganu, with plans for expansion. Preliminary development activities will begin in 2027 with start of commercial operations targeted for 2029.

cleaner energy while enhancing national energy security by reducing reliance on fossil fuels. Nationwide implementation of the initiative is expected to reduce greenhouse gas emissions by up to 384,000 tonnes of carbon dioxide equivalent annually, contributing to Malaysia’s energy transition agenda and sustainable development goals. Bioeconomy Corp CEO Mohd Khairul Fidzal Abdul Razak, said the Terengganu bio-CNG project marks an important milestone in the development of Malaysia’s palm oil waste-based bio-CNG industry while reinforcing the country’s position as a preferred destination for bioeconomy and renewable energy investments in the region. “Building on the RM700 million investment pipeline announced last year, this initiative demonstrates that

o Bioeconomy Corp coordinates Terengganu bio-CNG project to convert palm oil waste into bio-compressed natural gas

expected to be among the earliest developments under this initiative and will serve as a reference model for future projects nationwide. Through the facility, biogas generated from POME, a liquid by product of palm oil milling, will be processed and upgraded into bio CNG, a cleaner, renewable fuel suitable for transport, industrial applications and electricity generation. By harnessing biotechnology to convert palm oil waste into a high value energy resource, the project supports Malaysia’s transition to

heightened volatility in the benchmark. For the week, HSI futures weakened 3.3%, ending Thursday at 23,892 points, reflecting a more cautious stance towards Chinese and Hong Kong equities. The preference for both HSI call and put warrants suggests investors remained divided on the near-term direction of the Hong Kong market. Among the most actively traded warrants were call warrants HSI CWQ7 and HSI-CWQU, alongside put warrants HSI-PWRP, HSI-PWTJ and HSI-PWR6. Market sentiment turned increasingly cautious towards the end of the week as concerns emerged over the durability of the recently announced US-Iran peace framework. Reuters reported that planned talks between US and Iranian negotiators in Switzerland were postponed after US Vice President JD Vance shelved his travel plans, raising questions over the is a continuation of the memo randum of understanding signed between Bioeconomy Corp and Polaris Bio in October 2025 for the feasibility study and development of biogas projects. The initiative paved the way for an RM700 million investment pipeline to develop palm oil waste-based bio-CNG facilities across Malaysia. In the long term, the initiative aims to establish more than 20 biogas upgrading facilities based on palm oil mill effluent (POME) across Malaysia. The Terengganu project is

HSI-linked issues dominate, Malaysian tech and AI counters actively traded

Top warrants by volume traded Warrant Volume Issuer Exercise

Expiry date

name

(mil) 185.9 164.1 134.2

level/price 27,000.00 24,000.00 27,000.00

HSI-CWQ7 HSI-PWRP HSI-CWQU ZETRIX-CBS ZETRIX-CBM

Kenanga Kenanga Macquarie Maybank Macquarie

30 Jul 2026 29 Jun 2026 30 Jul 2026 26 Feb 2027 30 Dec 2026

82.9 80.4

RM0.73 RM0.79

collectively accounted for more than RM22 million in traded value. Continued interest in these warrants points to sustained investor appetite for AI-linked themes despite heightened volatility across broader equity markets. Inari Amertron Bhd also drew notable participation, contributing RM21.6 million in turnover. Among its warrants, Inari-C4J was the most actively traded by value at RM9.2 million, followed by Inari-C4T and Inari-C4F, as investors-maintained

implementation of the agreement and contributing to renewed market uncertainty. Outside of HSI warrants, investors’ attention remained firmly on Malaysian technology and AI-themed counters. Zetrix AI Bhd was the second-most active warrants under lying by turnover, generating RM35.3 million, or 6.6% of total warrant turnover. The most actively traded Zetrix warrants were Zetrix-CBS, Zetrix-CBM and Zetrix-CBR, which

Education retains its importance in the Malaysian landscape for parents, students and stakeholders. The changes are fast paced with new developments in new fields of study such as cybersecurity, data protection, augmented and virtual reality, machine learning in education, digital education and artificial Intelligence. Leading the way are universities, who are invited to showcase their latest programmes, curriculum and content in our Education Focus for 2026.

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