By Ying Xian Wong Gamuda shares rose early Friday after quarterly earnings beat expectations, with several analysts reiterating buy ratings and forecasting.
Analysts on Friday (April 29) maintained Bursa Malaysia Bhd’s earnings forecasts as its net profit for the first quarter ended March 31, 2022 (1QFY22) was deemed broadly in line, but some see its valuation had run ahead.
Maybank Investment Bank Bhd (Maybank IB) analysts are of the view that an early 15th general election (GE15) that delivers a stable government is a sine qua non in enabling a broadening of fiscal revenue generation, principally via a shift to indirect taxation
IJM Corp Bhd is expected to pay shareholders a special dividend from proceeds of the group's planned sale of its 56.2% stake in IJM Plantations Bhd to Kuala Lumpur Kepong Bhd for RM1.53 billion or RM3.10 per share, according to analysts including those from Maybank Investment Bank Bhd and Hong Leong Investment Bank Bhd.