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Shares go under debut price on concerns of narrow revenue stream
SEOUL Shares in Big Hit Entertainment defied the pre-listing hype to dip on their first day of trade on Thursday, giving the management label of South Korean superstar K-pop group BTS a market valuation of 8.7 trillion won ($7.61 billion).
KUALA LUMPUR: Companies setting up offices at the Tun Razak Exchange (TRX) will enjoy an extension to their tax benefits to next year in view of the weak property market caused by the Covid-19 pandemic.
PETALING JAYA: Dialog Group Bhd’s RM3bil sukuk programme has raised a lot of interest about its next move, with one research house, Maybank Investment Bank Research (Maybank IB), raising its target price on the stock by 34% to RM4.90.
PETALING JAYA: Tech company Aladdin Group announced its return to the market as a digital commerce player, focusing on the halal and Muslim-friendly markets after a corporate restructure.
SEOUL: Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, saw 49.7 billion won (US$41.9 million) in half-year profits as its online concert and merchandise sales more than offset event cancellations during the COVID-19 pandemic.
KUALA LUMPUR: Kenanga Investment Bank research has upgraded IJM Corp Bhd to "outperform" after taking into account the counter's steep 28% decline in share price over the last two months.
NEW DELHI: The coronavirus pandemic is forcing India’s children out of school and into farms and factories to work, worsening a child-labour problem that was already one of the most dire in the world.