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KUALA LUMPUR (May 11): Based on corporate announcements and news flow today, stocks in focus for tomorrow (May 12) may include the following: Malayan Banking Bhd, FGV Holdings Bhd, Pos Malaysia Bhd, WTK Holdings Bhd, Public Bank Bhd, Bina Darulaman Bhd, Careplus Group Bhd, JF Technology Bhd, Media Chinese International Ltd, and Genting Bhd. Malayan Banking Bhd s (Maybank) 100%-owned subsidiary Maybank Islamic Bhd today announced the buy-back of RM1.5 billion worth of Islamic bonds via private treaty under the latter s Islamic commercial papers and medium term notes programme of up to RM10 billion. FGV Holdings Bhd has appointed Azman Ahmad, who is the group divisional director of logistics & support business, as officer-in-charge to cover the duties and responsibilities of the group chief executive officer (CEO) effective May 16, 2021. ....
KUALA LUMPUR (May 4): RHB Retail Research said JF Technology Bhd is expected to continue its recent upward trajectory after it attempted to break the immediate resistance on strong volume yesterday. If it manages to break above the RM1.47 immediate resistance level, the positive momentum may extend towards the next resistance set at RM1.58, followed by RM1.68. However, this expectation would be invalid if it falls below the RM1.39 support level, it said. JF Technology closed three sen or 2.08% higher at RM1.47 with 27.96 million shares traded, valuing the company at RM1.36 billion. Subscribe to Mid-day email alert We deliver news to your inbox daily ....
A banker familiar with the listing process of Aztech says that the technology sector continues to draw the interest of investors from the region and even globally. TECHNOLOGY stocks may be taking a breather but that does not seem to be stopping a decent flow of new listings from this sector. Yesterday, a company that makes Internet of Things (IoT)-based products got listed on the Singapore Stock Exchange with a market value of just under S$1bil (RM3.7bil). The Singapore firm, with one of its operations in Johor, had attracted some Malaysian funds as cornerstone investors. These included the likes of the Employees Provident Fund, Affin Hwang Asset Management and Hong Long Assurance. ....
Tech indices ONE of the main theme investors, industry players and analysts are telling themselves is that stay-at-home orders because of the pandemic have accelerated the usage of technology. A question that is hogging the investment world these days is whether the lofty valuations of tech stocks are justified. The concern is whether the share prices of tech stocks are in for a major correction. Is this going to be a repeat of the year 2000 dot.com bubble burst? And with the Covid-19 pandemic continuing to hurt economies around the world, it is unusual for technology stocks to surge to all-time highs. ....
starbiz 1102 P1cover azb PETALING JAYA: Technology is a fast-running industry and it takes more than just financial stamina to keep up with the developments in the sector. Just up to three years ago, semiconductor players were slogging through a major downturn with an inventory glut in 2018 and 2019. Then came the ugly pandemic that trashed global supply chains of almost every industry last year but as economic sectors slowly reopened, there has been no rest for the tech sector, especially semiconductor players. The situation of the sector now is at the total opposite end of the spectrum as compared to three years ago – there is now a global shortage of semiconductor chips and wafer fabs have been operating at their maximum capacities since last year. ....