Latest
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Analyst Reports
Trading ideas: RHB, Axiata, Yinson, Affin, Kimlun, AWC, Pansar, DC Healthcare, AwanBiru, Systech, Auro, Bursa Malaysia, HeiTech Padu, AmFirst REIT and Sin-Kung Logistics
KUALA LUMPUR: Here are the corporate highlights, according to TA Securities Research.
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Insight
Funds quickly buy back into copper’s super-cycle credentials
The commodities super cycle is back with a vengeance if copper’s performance since the start of the month is anything to go by.
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Economy
US plans to restore tariffs on some solar tech
The Biden administration is expected to grant a request by South Korea’s Hanwha Qcells to reverse a two-year-old trade exemption that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariffs, two sources familiar with the White House plans say.
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Economy
IDB eyes joint goals with multilateral banks
The Inter-American Development Bank (IDB) plans to release a statement tomorrow with joint goals of multilateral development banks (MDBs) that is expected to entail priority-sharing and the possibility of project co-financing, the bank’s president says.
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Corporate News
Jane Street scores US$10.6bil in trading haul
Jane Street Group LLC generated US$10.6bil in net trading revenue last year – one of many big numbers demonstrating its presence as a major market maker eyeing ever-more growth.
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Economy
IMF, World Bank cite progress in debt restructuring
The International Monetary Fund (IMF), World Bank and current G20 president Brazil say there has been significant progress on global debt issues in recent months, citing new agreements on desired timelines and comparability of treatment.
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Corporate News
Morgan Stanley sells US$8bil in Big Banks’ bond bonanza
Morgan Stanley sold US$8bil of bonds, following its release of higher-than-expected quarterly revenue, as it joined rivals JPMorgan Chase & Co and Wells Fargo & Co in tapping the US investment-grade market this week.
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Corporate News
What Elon Musk’s pay package vote means
Elon Musk is making one of his biggest asks of Tesla Inc investors yet. It was one thing for shareholders to approve his moonshot pay package in 2018, when it contained seemingly audacious goals and the market for electric vehicles was still Tesla’s to lose.
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Economy
Focus on revitalising demand and investment
Vietnam’s economic prospects for 2024 involve revitalising aggregate demand, promoting sustainable growth, and improving the investment environment to drive long-term development.
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Corporate News
Discover Financial profit dives 68% on compliance costs
Discover Financial Services, the lender that agreed to be acquired by Capital One Financial Corp in the year’s biggest announced deal, posted a sharp drop in first-quarter profit as it worked to address compliance and risk-management deficiencies.
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Corporate News
Huawei starts new smartphone Pura 70 sale amid scrutiny on chips
Chinese tech giant Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series, which many analysts expect to contain an advanced China-made chip like the Mate 60 handset.
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Commodities
How Singapore investors can ride the gold wave as prices hit record highs
Gold has kept smashing price records in March and April as tensions in the Middle East unnerve investors who pile into safe-haven assets for safety.
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Property
Delfi Orchard up for collective sale at US$322mil guide price
Delfi Orchard, a 40-year-old strata-titled building that is majority held by City Developments Ltd (CDL), is up for collective sale at a S$438mil (US$322mil) guide price.
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Corporate News
IGB-REIT likely to maintain organic growth
IGB Real Estate Investment Trust (IGB-REIT) is expected to maintain decent organic growth, underpinned by high occupancy rates and positive rental reversions at both its shopping malls in Kuala Lumpur – Mid Valley Megamall and The Gardens Mall.
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Economy
Human resource challenge for Vietnam's tourism sector
Vietnam’s human resources for tourism are still insufficient both in number and quality, posing a great challenge for the industry in the context of tough competition and deeper international integration.
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Economy
Philippines central bank governor unfazed by peso slump
The recent weakness of the peso is “not large enough” to upset inflation expectations and trigger any policy actions from the Bangko Sentral ng Pilipinas (BSP), governor Eli Remolona Jr says.
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Business
State-owned enterprises achieve milestone in key HSR construction
The Shanghai-Chongqing-Chengdu high-speed rail (HSR), which will link a number of urban clusters along China’s longest river – the Yangtze – and benefit some 600 million people, got a boost on Tuesday as its builder began laying tracks along a key section.
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Corporate News
Pop Mart goes full steam ahead to meet growing global demand
Pop Mart, a leading Chinese maker of collectible toys, recently opened new stores in France and Australia, as part of efforts to expand its global presence and fuel revenue growth.
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Economy
BPI’s Bill Nelson sees Fed pushing reserves below resistance point
As the US Federal Reserve (Fed) shrinks its balance sheet, there’s a chance policymakers will keep unwinding past the point of scarcity in reserve balances, according to Bill Nelson, head of research at the Bank Policy Institute.
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Corporate News
Sin-Kung targets to raise RM26mil from its IPO
ACE Market-bound Sin-Kung Logistics Bhd, which specialises in providing airport-to-airport road feeder services for both passenger and cargo airlines, aims to raise RM26mil through its initial public offering (IPO).