The present leadership of the hotch potch Sabah State Government - made up of party hoppers who then passed an anti-hopping law - seems bent on parcelling off the state's resources through schemes that mysteriously fail to benefit the state as much as private concerns...
PETALING JAYA: In anticipation of a market consolidation phase, UOB Kay Hian (UOBKH) Research has opted for companies, which will declare handsome dividends in the upcoming results season, to be its top alpha picks in February.
Despite the lacklustre stock market performance in the first half of the year, qualified companies have not been too discouraged from listing given that initial public offerings (IPOs) remain fairly numerous. But more encouraging has been the performance of some of the newcomers as a number of them have vastly outperformed the benchmark index.
On 30 May 2022, YX Precious Metal Bhd (YX) has launched its IPO at 28 sen a share. You can find YX IPO Prospectus on Bursa Malaysia here – Part 1, Part 2, and Part 3. Upon its listing, YX’s market capitalisation would be lifted up to RM 104.2 million.…
PETALING JAYA: After a long hiatus, foreign investors appear to have returned to the Malaysian market as they have turned net buyers of Malaysian stocks, snapping up over RM1bil worth of shares so far this year after shunning local equities for the most part of 2021.