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KUALA LUMPUR: Shares in Malaysian Pacific Industries Bhd (MPI) rose over 6% in early trade Tuesday after the company beat analyst expectations in its latest quarterly results.
THE second quarter earnings season holds no major surprises for corporate Malaysia. With the economy grouded to a halt due to the movement control order, most businesses were already anticipated to be badly hit operationally and financially. However, glove makers are clearly an exception.
Some economists see a possible 25bps cut in OPR to 1.5% next month
Analysts welcome succesful execution of projects
KUALA LUMPUR: The ringgit opened easier against the US dollar today, as the greenback gained some strength from the US bond market and improving US business activity and home sales readings for July 2020.
PETALING JAYA: Malakoff Corp Bhd’s shares gained in a weaker broader market after the water and power producer reported dividends that beat most expectations. At the close yesterday, Malakoff shares finished 4% higher to 99.5 sen.
PETALING JAYA: Dialog Group Bhd is set to benefit from the anticipated start-up of the Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang from next year.
PETALING JAYA: Analysts are upbeat about MISC Bhd’s Mero-3 project win as it marks the company’s maiden venture in the Brazilian floating production storage and offloading (FPSO) market.
KUALA LUMPUR: The ringgit rebounded against the US dollar in the early session today as a more gloomy outlook on safe haven currencies shifted investors' interest towards riskier assets including the local currency.