• Filter by

Global Foreign Exchange Market

THE dollar continued its losing streak this week, sliding against a basket of major currencies by 0.52% to a three-year low of 90.498 due to the euro’s rally, mixed bag of data and concerns of a possible US government shutdown.

CIMB Research sees strong earnings growth for Axiata

KUALA LUMPUR: CIMB Equities Research is retaining its sum-of-parts based target price of RM6.10 as it is buffered by higher fair value for Celcom, whose FY17 performance was slightly better than expected.

Unisem FY17 net profit below forecast, says CIMB Research

KUALA LUMPUR: Unisem’s FY17 net profit came in at 6% below CIMB Equities Research’s forecast and was 7% below Bloomberg consensus expectations due to wider-than-expected forex losses and lower average selling prices (ASP) from older packages.

CIMB Research still expects Unisem to record stronger earnings delivery in 2H18F, driven by its 8-inch wafer capacity expansion in Ipoh,

Unisem FY17 earnings dip to RM159m as Q4 weighs

KUALA LUMPUR: Chipmaker Unisem (M) saw its earnings for FY17 dip 1.7% to RM159.46mil from a year ago, due to lower profit margins arising from change in product mix as well as the recognition of foreign exchange (forex) losses.

AirAsia X shares jump on higher net profit

KUALA LUMPUR: Shares of AirAsia X Bhd (AAX) rose as much as 7% in early trade Thursday on more than doubles net profit in the fourth quarter ended Dec 31, 2017.