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KUALA LUMPUR: Plantations company Kuala Lumpur Kepong Bhd (KLK) recorded earnings of RM360.67mil in the first quarter ended Dec 31, 2016, boosted by a surge in plantations profit as crude palm oil (CPO) rebounded.
KUALA LUMPUR: MIDF Research is maintaining its Neutral outlook for Top Glove with an unchanged target price (TP) of RM5.31.
MOSCOW: Aluminum prices will keep rising as Chinese smelters get squeezed by increasing raw-material prices, making it tougher for them to expand production, according to United Co Rusal, the world’s second-biggest producer of the metal.
TOKYO: Confidence at big Japanese manufacturers worsened in January-March and is seen turning negative in the second quarter as a slumping yen ramped up the costs of raw material imports, a survey showed, complicating Tokyo’s stimulus-driven campaign to revive the economy.
TOKYO: Confidence at Japanese manufacturers inched up in August to mark the first improvement since April, but the service sector’s mood soured for the second straight month, a Reuters poll showed, reflecting a tame economic recovery from April’s sales tax rise.
RHB Research said that most timber data-points were still pointing upwards, with higher log volumes as well log and plywood prices. Although Japan’s demand for plywood had stalled slightly due to the recent increase in sales tax, this was expected to recover in the second half of 2014, it said. Meanwhile, demand for logs from India continues to be stable
KUALA LUMPUR: Carlsberg brewery Malaysia Bhd expects a challenging 2014 due to rising raw materials, operating costs and inflation, managing director Henrik Juel Andersen said on Thursday.