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KUALA LUMPUR: UOB Kay Hian Malaysia Research has upgraded the telecommunication sector to Overweight from Market Weight on expectations of stable earnings, sustainable dividend and attractive valuations.
SEOUL: The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics' memory chips from laptop makers and data centres, but first-quarter profits are likely to remain flat as the outbreak weakened consumer electronics sales.
NEW YORK: Wall Street analysts and investors see a risk that stocks could retest recent lows in the coming days or weeks as they worry about the spread of the virus and its impact on the economy, although some spot glimmers of light at the end of the tunnel.
Boeing Co said on Sunday it would extend the suspension of production operations at its Washington state facilities until further notice amid the coronavirus outbreak.
PETALING JAYA: To say that the bulk of Malaysian businesses are going through turbulent times would be an understatement.
GEORGE TOWN: The worldwide shipment of smartphones is likely to contract more than 2.3% this year, says Penang-based manufacturers of semiconductor test equipment and sensors.
MALAYSIA should enact a law similar to the one proposed by the Singapore government to offer temporary relief to businesses, in particular SMEs and individuals who are unable to perform their contractual obligations because of the movement control order (MCO) brought about by the Covid-19 pandemic.
LOS ANGELES: The fight to survive the Covid-19 crisis is pitting airlines across the globe against their grounded customers.