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‘Rich valuation’ of the sector is backed by merits, says Maybank IB
THE Top 40 Richest in Malaysia list for 2020 saw the entries of new tech billionaires from five companies, as they became beneficiaries of the China-United States trade tensions as well as a Covid-19 pandemic-induced electronic equipment demand surge, as lockdowns forced people to work from home.
AMID the rally in technology stocks that has pushed valuations through the roof, one particular company has remained a relatively cheaper proxy to the sector despite its attractive dividend yield and strong profit margin.
As reality becomes more augmented and virtual, 5G provides a solid backbone
KUALA LUMPUR: AirAsia Group Bhd, which saw the emergence of Stanley Choi Chiu Fai as its new substantial shareholder, fell at midday.
KUALA LUMPUR: AirAsia Group expects businessman and M&A specialist Stanley Choi Chiu Fai, who joined the low-cost carrier group as a strategic shareholder to add value to its digital business development in China.
AS vaccines begin to roll out, there is increasing awareness that vaccines are not the silver bullets to kill the pandemic.
TEXAS: Texas grid operator needs to come up with US$1.3bil to pay power plants for energy they supplied during last week’s historic blackouts, raising the prospect it may require a state bailout.
LONDON: Aviva Plc says it will eliminate carbon emissions across all its activities by 2040, the first insurer to make such a commitment.
NEW YORK: Walmart Inc just took one step closer to being JPMorgan Chase & Co’s biggest nightmare.By luring a pair of senior bankers from Goldman Sachs Group Inc to run its fledgling financial technology startup, the world’s largest retailer is gaining even more heft as it seeks to become a one-stop shop for consumers’ financial needs.