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CIMB Research retains Hold for Digi on merger with Celcom

KUALA LUMPUR: CIMB Equities Research is maintaining its Hold rating on Digi.com with a 7% higher target price of RM4.70, which is its discounted cashflow based fair value (RM4.42) plus synergies from a Digi-Celcom merger.

CIMB Research upgrades Axiata to Add on merger plan

KUALA LUMPUR: CIMB Equities Research has upgraded Axiata Group from Hold to Add and raised the target price by 9% to RM4.80 following Axiata/Telenor’s proposed non-cash merger of their Asia operations under a new entity (MergedCo).

CIMB Equities Research has upgraded Axiata Group from Hold to Add and raised the target price by 9% to RM4.80 following Axiata/Telenor’s proposed non-cash merger of their Asia operations under a new entity (MergedCo).

AmInvest Research upgrades Pos to underweight

KUALA LUMPUR: AmInvestment Research has upgraded its recommendation on Pos Malaysia to Underweight from Sell but maintained its forecasts and fair value of RM1.65 a share after attending a meeting with the company.

mInvest Research also said in FY18, Pos Malaysia’ insurance business continued to grow, increasing by 6% due to higher premiums per customer.

Trading ideas: Axiata, Malakoff, Dynaciate, PRG, MSC, Milux

KUALA LUMPUR: Axiata Group Bhd, Malakoff Corp Bhd, Dynaciate Group Bhd, PRG Holdings Bhd, Malaysia Smelting Corp Bhd (MSC) and Milux Corp Bhd are among the stocks to watch on Monday, according to JF Apex Research.

Suspension of CPO export duties to clear high stock level

KUALA LUMPUR: Malaysia’s move to suspend export duties on crude palm oil (CPO) until Dec 31, 2019 will help to improve Malaysia’s CPO export competitiveness to clear the nation's current high stock level, CIMB Equities Research said.

Malaysia’s move to suspend export duties on crude palm oil (CPO) until Dec 31, 2019 will help to improve Malaysia’s CPO export competitiveness to clear the nation's current high stock level, CIMB Equities Research said.