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Eye On Stock: HSS Engineers

HSS ENGINEERS Bhd (code: 0185) seems to have found a way out of the consolidation phase it has been trapped in since Aug 20.

Affin Hwang raises target price for YTL REIT

PETALING JAYA: Affin Hwang Capital Research has reaffirmed its “buy” rating on YTL Hospitality REIT Bhd at RM1.19 with a higher target price of RM1.38 (from RM1.32) after incorporating the earnings contribution from its recently-acquired Green Leaf Niseko Village hotel.

Scientex shares fall on lower earnings

PETALING JAYA: Property and manufacturing company Scientex Bhd’s share price fell by 3.28% or 30 sen following a one-fourth decline in its first quarter (1Q19) net profit.

Shanghai Junshi Biosciences soars on Hong Kong debut

HONG KONG: Chinese biotech startup Shanghai Junshi Biosciences Co Ltd soared more than 22% in its Hong Kong debut yesterday after raising US$394mil in its initial public offering (IPO), a rare strong showing by a biotech company in the Asian financial hub.

Weak property sales cloud WCT’s earnings outlook

PETALING JAYA: The recent contract win has boosted WCT Holdings Bhd’s orderbook above the RM2bil mark this year, exceeding the market’s expectation, but analysts said weak property sales is clouding the group’s earnings outlook.

Eye On Stock: Lay Hong

LAY HONG Bhd (code: 9385) showed some positive price action in Friday trade as it made another attempt to break out of consolidation mode.

Bears loom over technical outlook

REVIEW: The 1,680-point support on the FBM KLCI, already shaky over previous weeks as a litany of negatives piled up on gobal equities, finally gave way on Monday.