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Markets in turmoil as oil price crashes
PETALING JAYA: Ongoing worries over the economic fallout from the Covid-19 outbreak and a plunge in global crude oil prices hammered asset classes in Malaysia with the stock and the palm oil markets landing body blows from the global rout.
Short selling of O&G stocks suspended after sharp fall
KUALA LUMPUR: The short selling activities of multiple oil and gas stocks has been suspended for the rest of the day following a sharp plunge in the share price.
Trading ideas: Wah Seong, KKB, Bina Darulaman, Alam Maritim, ELK-Desa
KUALA LUMPUR: JF Apex Research expects Wah Seong Corp Bhd, KKB Engineering Bhd, Bina Darulaman Bhd, Alam Maritim Resources Bhd and ELK-Desa Resources Bhd to be among the stocks to watch on Wednesday.
Wah Seong FY19 profit slips to RM24.14m
KUALA LUMPUR: Wah Seong Corp Bhd’s net profit for the financial year ended Dec 31,2019 (FY 2019) declined to RM24.14mil from RM64.8mil a year ago.
Asian markets, Bursa in sea of red after Iran's strike
KUALA LUMPUR: Key Asian markets and US stock futures fell while oil prices surged early Wednesday after the Middle east tensions flared following Iran’s attack on military facilities in Iraq hosting American troops.
Report: Wah Seong attractive O&G play
PETALING JAYA: Wah Seong Corp Bhd (WSC) is an attractive oil and gas (O&G) play, due to its strong earnings growth prospects and undemanding valuations, according to Maybank Investment Bank (IB) Research.
Asian markets whiplashed by Mid-east tensions, oil spikes
KUALA LUMPUR: Bursa Malaysia and key Asian markets stumbled on Monday on rising Middle East tensions.
Wah Seong set to boost orders, balance sheet
KUALA LUMPUR: Wah Seong Corporation’s two key targets this year is to strengthen its order backlog and balance sheet, Maybank Investment Bank Research says.
Maybank IB prefers oil, banking, consumer stocks and REITs
KUALA LUMPUR: Maybank Investment Bank Research says it continues to adopt a broadly defensive investing strategy as the equity market continues to contend with multiple external and internal earnings headwinds
Maybank IB Research prefers oil, banks, REITS, consumer stocks
KUALA LUMPUR: Maybank Investment Bank Research says it continues to adopt a broadly defensive investing strategy as the equity market continues to contend with multiple external and internal earnings headwinds.
