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Lucid is raising $3 0 billion through stock offering

Lucid will sell about $1.8 billion worth of shares to Saudi Arabia's PIF. Analyst Joel Levington explains what it means for the EV company.

Public Invest cuts Apex Equity s FY22-FY24 earnings forecasts by 6%-10%

Public Invest Research has trimmed its earnings forecasts for Apex Equity Holdings Bhd, which trades marketable securities, by 6%-10% for the financial year ending Dec 31, 2022 (FY22) to FY24 amid the rising interest rate environment due to inflationary pressures.

QL Resources in for better second half on higher product prices

QL Resources in for better second half on higher product prices
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

Jade Marvel, AirAsia, MYEG, Solarvest, TM, JAKS Resources, IOI Corp, Damansara Holdings, Genting

Based on corporate announcements and news flow on Monday, companies in focus on Tuesday (Oct 12) may include Jade Marvel Group Bhd, AirAsia Group Bhd, MY EG Services Bhd, Solarvest Holdings Bhd, Telekom Malaysia Bhd, JAKS Resources Bhd, IOI Corp Bhd, Damansara Holdings Bhd and Genting Bhd.

Building blocks of recovery

PETALING JAYA: Construction and infrastructure development command the highest multiplier effect in any economy and in most cases, it is the government’s ultimate tool to pump prime the economy. The mega projects are all there, but there are no major catalysts to trigger any meaningful movements yet as Putrajaya channels its fiscal strength on stimulus packages to assist people and businesses that were affected by the Covid-19 pandemic. The Bursa Malaysia Construction Index has declined about 11% year-to-date and has been hovering around the 160-point mark, way below the pre-pandemic levels at about 200 points. Investors have been watching the construction sector from a safe distance due to the uncertainties of an economic recovery and the timeline of project rollouts.

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