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KUALA LUMPUR: Bursa Malaysia and key Asian markets advanced early Thursday after the US Congress authorised nearly US$8bil to check the fallout from the Covid-19 coronavirus.
KUALA LUMPUR: Bursa Malaysia started Monday at a slow pace as investors awaited leads from funds though market sentiment was overall firmer ahead of the signing of a US-China trade deal.
KUALA LUMPUR: Affin Hwang Capital research maintained its buy rating on Scientex Bhd with an unchanged target price of RM10.50 following the release of the latter's 1QFY20 earnings results.
PETALING JAYA: Global packaging manufacturer and property developer Scientex Bhd registered a 50.9% year-on-year (y-o-y) increase in net profit to RM81mil in the first quarter of the financial year ending July 31,2020 (FY20).
KUALA LUMPUR: Scientex Bhd's net profit for the first quarter of its 2020 financial year ended Oct 31 surged 50.86% year-on-year (y-o-y) to RM80.96mil on better sales performances in its manufacturing and property divisions.
KUALA LUMPUR: Blue chips managed to reverse out of the early losses on Friday as fund buying of Sime Plantation and KL Kepong provided an upbeat outlook, in line with key Asian markets.
KUALA LUMPUR: UOB Kay Hian Malaysia Research has added IJM Plantations (IJMP) and Genting Malaysia to its December 2019 alpha picks as it expects a listless month and not much window dressing.
KUALA LUMPUR: Bursa Malaysia eked out slight gains early Monday to put the new month of December on a slow mode after last Friday’s battering by foreign funds, especially for power giant Tenaga Nasional.
KUALA LUMPUR: Profit-taking set in on the local market after a winning streak that was capped off with a surge in banking stocks yesterday.
PETALING JAYA: Scientex Bhd’s net profit jumped 60.9% to RM133.4mil in the fourth quarter ended July 31 from RM82.98mil, marking the first time the group’s quarterly net profit has exceeded the RM100mil mark.