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It was indeed a surprise when all but one economist from 27 predicted that the overnight policy rate (OPR) would be hiked by the Monetary Policy Committee (MPC) on Thursday and there was no increase. ....
KUALA LUMPUR (Sept 21): theedgemarkets.com highlighted eight stocks at Bursa Malaysia's afternoon close on Wednesday (Sept 21). Five stocks had positive momentum and three had negative momentum. ....
AT the end of last month, tycoon Robert Kuok Hock Nien was in the news twice. This is novel, considering that the billionaire Malaysia’s richest individual with an estimated net worth of US$11.6 billion (RM50.7 billion) by Forbes magazine is very low key. On April 29, the government announced the approval of five . ....
Based on corporate announcements and news flow on Thursday, companies in focus on Friday (May 6) may include: Ajiya Bhd, Cahya Mata Sarawak Bhd, ES Ceramic Technology Bhd, CIMB Group Holdings Bhd, Computer Forms (Malaysia) Bhd, Favelle Favco Bhd, G3 Global Bhd, Malaysian Bulk Carriers Bhd, Petronas Dagangan Bhd and Serba Dinamik Holdings Bhd. ....
The normalisation of glove stocks’ valuations does not appear to be hindering ventures into the industry. Local players are continuing to pursue their interest in glove manufacturing. Steel products manufacturer Eonmetall Group Bhd is the new kid on the block. It has proposed to acquire a controlling 51% stake in Lienteh Technology Sdn Bhd and the business diversification plan is expected to contribute at least 25% to the company’s profits in the future. Although the deal comes with a profit guarantee a collective net profit of no less than RM100 million for the financial years ending Dec 31, 2021 (FY2021), and FY2022 Lienteh Technology has not really commenced its glove operation as the necessary approvals from the authorities are still pending. ....