Maybank IB said its key buy calls are on these stocks – Dialog Group Bhd, Icon Offshore Bhd, Malaysia Maring and Heavy Engineering Holdings Bhd, Wah Seong Corp Bhd and Yinson Holdings Bhd.
PETALING JAYA: Analysts have become more optimistic on the crude oil price outlook, thus raising their price forecasts on the commodity.
Maybank Investment Bank Research (Maybank IB) in its report said it had raised its crude oil price assumption to US$55-US$60 per barrel for 2021 from US$45-US$50 per barrel before.
“Our revised estimates are generally in line with consensus (EIA & Fitch Solutions: US$53 per barrel). A more promising Covid-19 vaccine development/outlook and the effect of underinvestment kicking in could further elevate optimism in the oil market, ” Maybank IB said.
KUALA LUMPUR, Feb 17 ― Bursa Malaysia opened higher and retreated thereafter today on profit-taking, coupled with subdued overnight Wall Street performance. At 9.07am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.45 of-a-point to 1,605.69 from 1,606.14 at yesterday’s close. The.
Datuk Seri Amir Hamzah Azizan’s strong credentials made him the best choice to lead the Employees Provident Fund (EPF) as its chief EPF officer (CEO), says Tengku Zafrul Tengku Zafrul Tengku Abdul Aziz.
KUALA LUMPUR: Datuk Seri Amir Hamzah Azizan’s strong credentials made him the best choice to lead the Employees Provident Fund (EPF) as its chief EPF officer (CEO), says Tengku Zafrul Tengku Zafrul Tengku Abdul Aziz.
The Finance Minister said on Wednesday Amir is the right candidate as CEO of EPF after Tunku Alizakri Alias (pic, below), who has been the CEO of the retirement fund since Aug 20,2018, indicated his desire to retire.
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Maybank Investment Bank is looking at a stock market benchmark index target of 1,830 for this year.
PETALING JAYA: A combination of better earnings and ample liquidity is what will drive the local equity market higher this year.
Maybank Kim Eng regional head (equity research) Anand Pathmakanthan said the investment bank was looking at a 45% year-on-year growth in terms of corporate earnings this year against a decline of 11% last year, supported by continued growth in the earnings of glove companies as well as a recovery in earnings of sectors like banking and plantation.
“Earnings outlook and liquidity – in both areas, 2021 is looking good, “ he said via an online briefing session yesterday organised by Maybank Investment Bank.