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Foreign funds continue to flow into Bursa

KUALA LUMPUR: Foreign buying on Bursa continued for the 11th consecutive week, the longest since the 24-week buying streak which ended in May 2013, the month of the last General Election, according to MIDF Research.

SK Hynix books record profit, says DRAM shortage to continue in 2017

SEOUL: South Korea's SK Hynix Inc on Tuesday booked record quarterly profit due to strong demand for high-tech memory chips, and said the DRAM supply shortage that has pushed up prices will continue throughout 2017

AmInvestment Research retains Hold for UMW-OG

KUALA LUMPUR: AmInvestment Research is maintaining its Hold call on UMW Oil and Gas Corp (UMW-OG) with unchanged forecasts and a fair value of 65 sen a share.

Malaysian palm oil/Vegoils: Market factors to watch Tuesday April 25

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday April 25.

Macron wins French execs’ backing in contest

PARIS: French executives began rallying behind Emmanuel Macron, saying the former investment banker will be a more business-friendly president than Marine Le Pen by preserving the country’s place in the European Union and easing the tax and paperwork burden on companies.

Jimmy Choo puts itself up for sale

LONDON: British luxury retailer Jimmy Choo is seeking offers for the company as part of a review of its strategic options to maximise shareholder value, it said.

Vietnam bank aims to fetch US$700mil

HO CHI MINH CITY: The first Vietnamese bank granted government approval to sell a majority stake to a foreign investor could attract an investment of at least US$700mil.

KPJ Healthcare 'neutral, Public Bank 'buy', Cocoaland 'hold', BAT 'sell'

KPJ Healthcare Bhd’s proposed share split exercise is expected to improve the trading liquidity of the company and appeal to a wider base of public shareholders, according to PublicInvest Research.

1MDB and IPIC reach agreement over US dollar bonds

PETALING JAYA: 1Malaysia Development Bhd (1MDB) and Abu Dhabi’s sovereign wealth fund, International Petroleum Investment Company (IPIC) have reached an agreement over arbitration proceedings involving two US dollar bonds amounting to US$3.5bil.

Affin ‘comfortable’ with CET 1 ratio of 12.8%

KUALA LUMPUR: Affin Holdings Bhd is “comfortable” with the bank’s current common equity tier (CET) 1 ratio of 12.8%, said group chief executive officer Kamarul Ariffin.