CIMB Research has maintained its “overweight” call on the overall Malaysian utilities and power sector.
AMRESEARCH has maintained “buy” recommendation on Kossan Rubber Industries Bhd, raising its fair value to RM5.85 a share, after revising financial year 2014F-FY15F earnings estimates and the rolling forward of its valuation base to FY15F.
AMRESEARCH has reaffirmed its “hold” recommendation on Berjaya Food Bhd (BFood) with an unchanged fair value of RM3.05 a share, pegged to a price-earnings multiple of 25 times the calendar year 2015F earnings.
CIMB Research believes that Turkish airport operator TAV Airports is not an ideal partner for Malaysia Airports Holdings Bhd (MAHB) in Sabiha Gökçen airport because TAV operates the competing Istanbul Atatürk Airport.
CIMB Research has continued to recommend investors to accumulate Gamuda Bhd as sentiment is warming up to a recovery in MRT2 catalysts likely in the fourth quarter, and positive development in the water takeover deal.
MUMBAI: Global fund managers are starting their first Indian corporate bond funds as credit risk drops amid Prime Minister Narendra Modi’s bid to revive the economy.
SINGAPORE: Exports last month rose more than expected thanks to a jump in chemical product shipments, although exports to major markets slowed in a sign that the city-state’s economy is being hobbled by an uneven global recovery.
BANGKOK: Thailand’s central bank left its benchmark interest rate unchanged yesterday as expected, repeating that it believes the current level supports moves to spur an economic recovery.
CHINA’S central bank is injecting a combined 500 billion yuan (RM261. 87 billion) of liquidity into the country’s top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy.
NEW YORK: Fund managers studying an investment in Alibaba Group Holding Ltd are worried about everything from corporate governance to bull market fatigue. They are buying anyway, afraid of missing a bargain.
SINGAPORE: Asia’s billionaires, led by Chinese tycoons, enjoyed the fastest increase in their wealth this year compared to their peers in the rest of the world, a report said yesterday.
THE United States Federal Reserve (Fed) yesterday could offer fresh clues on when it plans to begin lifting interest rates and how quickly it will move, as it prepares for a momentous policy turn after years of aggressive monetary stimulus.
DUBAI: Three years after its first foray into the Islamic capital markets ended without a sale, investors piled in to buy sukuk debt from Goldman Sachs Group Inc on Tuesday as the bank joined the governments of Hong Kong and the United Kingdom in selling debut syariah-compliant bonds this year.
ICT products should join the line-up of exempted products in the soon-to-be finalised Goods and Services Tax list, says the National Information and Communications Technology Association of Malaysia (Pikom)
KUALA LUMPUR: Bursa Malaysia Bhd is organising the Bursa Bull Charge, a run by capital market players to raise funds to support entrepreneurship growth in the community.
KENAF is fast becoming Malaysia’s industrial crop alongside palm oil and rubber. Planting of kenaf has been promoted by the government as a replacement crop for local tobacco farmers in the east coast of Peninsular Malaysia.
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