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PETALING JAYA: Telecommunication companies could benefit from investors interested in environmental, social and corporate governance (ESG) as they are well-positioned to serve as ESG enablers, helping other industries address ESG issues.
KUALA LUMPUR: AmInvestment Research upgraded Petronas Gas (PGas) to a Buy from Hold with a higher sum-of -parts-based (SOP) fair value of RM21.30 a share from RM17.80 earlier.
Analysts say company has steady income from M’sia, Japan
Earnings up 86% to RM86.22mil in second quarter
KUALA LUMPUR: Bursa Malaysia Bhd, whose share price surged to a record high of RM10.98 at on Tuesday, reported net profit of RM86.22mil in the second quarter ended June 30,2020.
PETALING JAYA: The worst may be over for seaport operators as economies, businesses and borders reopen, translating to a recovery in global trade, and hence improvement in seaports’ throughput.
PETALING JAYA: A weak second quarter ending June 30 (2Q20) is seen for CIMB Group Holdings Bhd as lumpy credit costs and higher net interest margin (NIM) compression is expected to weigh on its bottomline.
PETALING JAYA: Even though Cahya Mata Sarawak Bhd’s (CMS) core net profit for the first quarter (Q1) fell by more than half, analysts believe the company should be a key catalyst for the state’s infrastructure spending.
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) will remain steadfast in delivering its Reimagining TNB strategic roadmap despite disruptions caused by the COVID-19 pandemic, said president and chief executive officer Datuk Seri Amir Hamzah Azizan.