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PETALING JAYA: Transport Minister Datuk Seri Wee Ka Siong chaired a meeting with the four operators of Kuala Lumpur Sentral Station on Wednesday (Aug 5) to discuss various improvements for the transport hub.
PETALING JAYA: Water and power producer Malakoff Corp Bhd’s thesis of a share price re-rating has played out, resulting in its stock being downgraded to a “hold” from an earlier “buy.”
THE dollar appreciated by 0.10% to 97.40, benefiting from safe-haven flows following rising concerns about a rise in new coronavirus cases; and geopolitical risks – clashes along the India-China border, as well as fresh provocations by North Korea – blowing up a liaison office building it operates with South Korea.
KUALA LUMPUR: Kenanga Investment Bank Research maintained its "market perform" recommendation on YTL Power International Bhd as the market appears to have priced in the weak earnings outlook for the group, says Kenanga research.
PETALING JAYA: YTL Corp Bhd recorded a 65.6% year-on-year (y-o-y) drop in net profit for the third quarter ended March 31 as lower profits from its hotels, utilities, management services, cement manufacturing and information technology (IT) businesses dragged down its performance.
KUALA LUMPUR: Conglomerate YTL Corp Bhd expects its financial performance in the final quarter ended June 30 to be "adversely affected" by the coronavirus outbreak after a steep decline in third quarter earnings.
AMID a short working week due to Memorial Day, the US dollar witnessed a sell-off, losing 1.48% to 98.38, underpinned by global risk-on sentiment – which led to robust buying in the equity space with the Dow Jones rising 3.8% week-on-week (w/w) to 25,401 while the S&P 500 climbing 2.5% w/w to 3,030.
THE US dollar strengthened 0.73% to 100.466, benefiting from safe haven flows as investors turned wary over a potential second wave of the Covid-19 infection as many countries eased their lockdowns. The dollar also received additional impetus following:
INVESTORS have been warned: the worst is yet to come.