Daniel Khoo

Recent and archived articles by Daniel Khoo

1 Feb 2018 | 7:00 AM

Rising ringgit drives up auto stocks

PETALING JAYA: Automotive stocks could get a continued upward bump if the ringgit’s recovery against the US dollar is sustained.

Ringgit impact: Customers viewing cars at a Toyota showroom in Petaling Jaya. Auto stocks that see their performance closely linked to the ringgit’s movement include Tan Chong Motor, Bermaz Auto and UMW, which imports and distributes Toyota cars in Malaysia.
31 Jan 2018 | 7:00 AM

Change of fortune for Lotte

PETALING JAYA: The fortunes of Lotte Chemical Titan Holding Bhd may finally be changing for the better after a series of unfortunate events last year.

30 Jan 2018 | 11:50 AM

SMTrack eyes turnaround

KUALA LUMPUR: SMTrack Bhd is eyeing a turnaround in its financial performance after it inked a collaboration agreement with VFTech Sdn Bhd.

In agreement: (from left) Azmi, Shahid and Sia at the signing ceremony between SMTrack and VFTech.
26 Jan 2018 | 7:00 AM

US dollar weakness seen persisting in short term

KUALA LUMPUR: The persistent weakness in the US dollar is surprising and could continue to persist in the short term, said Standard Chartered Bank’s global chief economist David Mann.

“Many people have been positioning for a short dollar around the world,” Mann(pic) said.
25 Jan 2018 | 1:16 PM

Undervalued ringgit currency of choice now, says StanChart

KUALA LUMPUR: A confluence of positive factors and a weak US dollar environment have placed the ringgit as one of the best currencies to own today, says Standard Chartered Bank’s global research macro strategist Mayank Mishra.

25 Jan 2018 | 7:00 AM

GE, recovering ringgit expected to continue to drive local bourse

KUALA LUMPUR: The local bourse’s underlying momentum is strong with factors such as the upcoming general election and strengthening ringgit aiding the bullish trend, said Affin Hwang Capital managing director Teng Chee Wai

On stock picks for Malaysia, Teng preferred banks such as Malayan Banking Bhd and CIMB Group Holdings Bhd, and Sime Darby Bhd. “We have a huge position on Sime Darby and we think the valuations are still cheap here while the street’s forecast price projections are even much higher.
24 Jan 2018 | 7:00 AM

Mah Sing expects better property sentiment this year

KUALA LUMPUR: Mah Sing Group Bhd is expecting property sentiment and demand to improve this year due to the improving economic landscape

 Mah Sing Group's managing director Tan Sri Leong Hoy Kum (centre) speaks during a press conference at Invest Malaysia 2018. Together with him are CEO Datuk Ho Hon Sang (right) and executive director Datuk Steven Ng (left).
22 Jan 2018 | 7:00 AM

Surprise railway win for YTL

PETALING JAYA: Among the many railway construction contracts that have been dished out of late, one in particular stands out from the rest.

YTL did build the Express Rail Link (ERL) infrastructure back in 1996, but it has been quiet on this front, especially when the numerous rail projects were announced in the past three years. (File pic shows: (from left) ERL chief executive officer Noormah Mohd Noor, YTL Corp executive chairman Tan Sri Yeoh Tiong Lay, ERL executive chairman Tan Sri Mohd Nadzmi Mohd Salleh, Transport Minister Datuk Seri Liow Tiong Lai, YTL Corp executive director Tan Sri Francis Yeoh and Deputy Transport Minister Datuk Ab Aziz Kaprawi at a ceremony to unveil the new train coach for KLIA Transit line at ERL depot in Salak Tinggi on Oct 20, 2016.)
18 Jan 2018 | 7:00 AM

Bitcoin tumbles 20% and goes below US$10,000

PETALING JAYA: Volatility continues to grip bitcoin, with the largest cryptocurrency falling below the psychological US$10,000, as of press time on Wednesday night after a decline of more than 20% on Tuesday.

Downtrend: A broken representation of the bitcoin virtual currency, placed on a monitor that displays stock graph and binary codes, are seen in this illustration picture. Concerns are mounting of a possibly bigger fall ahead for the digital currency. — Reuters
16 Jan 2018 | 2:49 PM

ICPT rebate on electricity seen on TNB bill not funded by taxpayers, says EC

PUTRAJAYA: The imbalance cost pass through (ICPT) rebate that is seen in the electricity bill is not funded by taxpayers money, said the Energy Commission (EC).

EC acting CEO Azhar Omar