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KUALA LUMPUR: DRB-Hicom stands to benefit from Proton’s earnings growth in 2020F and potential Shah Alam land monetisation following Proton’s relocation, CGS-CIMB Equities Research said.
KUALA LUMPUR: Glove makers were the top losers in late morning trade on Wednesday as the weak market sentiment saw investors taking some money off the table.
KUALA LUMPUR: Bursa Malaysia’s early gains evaporated on Wednesday with plantations and Genting weighing down the FBM KLCI, in line with key Asian markets.
KUALA LUMPUR: Affin Hwang Capital research maintained its buy call on ELK-Desa Resources Bhd as its latest earnings came within expectations but cut its earnings forecast for FY20-22.
SINGAPORE: Singapore pledged billions of dollars in its budget to counter the economic fallout from the coronavirus outbreak, before elections due by next year.
NTPM HOLDINGS Bhd gapped up at the opening bell on strong momentum in an attempt to break out of consolidation mode.
KUALA LUMPUR: Gelombang Global Sdn Bhd has retracted a notice filed with the stock exchange on Monday regarding the ownership of a substantial number of shares in Scomi Energy Bhd.
TOKYO: As Nissan Motor Co’s shareholders met yesterday to place new management on the board, the backdrop was grim. Sales and profitability are declining, a turnaround plan isn’t due for another three months and the stock is hovering near decade lows.
HONG KONG: HSBC Holdings PLC says it will shed US$100bil in assets, shrink its investment bank and revamp its US and European businesses in a drastic overhaul that will mean 35,000 jobs cut over three years.
KUALA LUMPUR: Atta Global Group Bhd has projected a 40% drop in revenue in current financial year ending March 31, 2020 amid ongoing investigation involving a key subsidiary.