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NEW YORK: Money managers curbed their enthusiasm for oil just before the US benchmark price surged to almost US$70 a barrel.
TOKYO: International Flavors & Fragrances Inc agreed to acquire Israeli flavour maker Frutarom Industries Ltd in a deal valued at US$7.1bil including debt in what’s set to be the largest transaction in the rapidly-consolidating food flavoring industry.
KUALA LUMPUR: Kenanga Research has upgraded SLP Resources Bhd to “outperform” with an unchanged target price of RM1.30 as it expects better performance in the coming quarters.
KUALA LUMPUR: Affin Hwang Capital Research has upgraded Kossan Rubber Industries Bhd to a buy call despite lowering its earnings forecast due to slower-than-expected plant expansion.
KUALA LUMPUR: Kenanga research views the land swap deal between DBKL and the SP Setia-Tradewinds joint venture as positive in the longer-term with no immediate-term earnings impact.
KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS
KUALA LUMPUR: Tan Chong Motor Holdings Bhd, Ranhill Holdings Bhd, Three-A Resources Bhd, Eden Inc and SP Setia Bhd are among the stocks to watch, according to JF Apex Research.