, automotive companies, Toyo Ventures, Kim Loong, Duopharma Biotech, MISC, Minho and Artroniq (formerly known as Plastrade Technology) are among the stocks to watch on Wednesday, JF Apex Research says.
AirAsia sold 32.67% of the 49% stake it holds in AirAsia (India) Ltd to Tata Group for US$37.66mil or RM152.58mil.
The low-cost carrier group said the disposal will reduce cash burn in the short term and allow the company to concentrate on recovery of its key Asean markets in Malaysia, Thailand, Indonesia and the Philippines in the long run.
Automotive counters such as UMW, Tan Chong, DRB-Hicom
, MBM Resources are in focus after the Ministry of Finance (MoF) has announced the extension of the vehicle sales tax exemption period by a further six months until June 30,2021.
KUALA LUMPUR: AmInvestment Bank Research does not expect to see earnings surprises for the property sector over the next 12 to 18 months although companies with overseas exposure are expected to perform better.
KUALA LUMPUR: Kenanga Investment Bank Research has raised the target price of United U-Li Corporation Bhd from 85 sen to RM1.45 while maintaining its Outperform outlook.
The research house said on Tuesday after a meeting with its management recently, it believes Uli Corp is expected to do well as the fierce competition since FY17 has abated while mega construction projects are gradually picking up pace.
“Upgrade FY21E earnings by 40% after imputing stronger margins which mimics pre-competition years, ” it said.
Uli Corp’s 83 ongoing projects, all secured this year, will sustain short term revenue, the research house said. “Among them are the MRT2, LRT3, new glove factories, Singapore MRT, PNB118, TRX etc, ” it said.
Today, we’re beginning the rollout of a new Morningstar fund metric called Signal. This data point, which is now available for open-end funds and exchange-traded funds for all Morningstar Premium Members, combines information about a fund’s web traffic on Morningstar.com with measurements based on the Morningstar Analyst Rating and, to expand the coverage universe, the Morningstar Quantitative Rating. These forward-looking ratings are used as an indication of an investment s quality.
This offers you a new way to evaluate the level of interest in an investment among your peers, placed in the context of Morningstar s rigorous framework for rating these investments.