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MOST research houses are recommending a 'hold' or 'sell' call on Malaysia International Shipping Corp Bhd (MISC) amidst softening shipping rates in petroleum and liquefied natural gas (LNG) spot tankers, a potential glut in LNG tankers and news on the Organisation of Petroleum Exporting Countries' reluctance to lift its pumping quota.
POS Malaysia Services Holdings Bhd's share price rebounded from a four-month low to close 14 sen higher yesterday at RM3.28 after Khazanah Nasional Bhd emerged as its largest shareholder.
Germany's Deutsche Telekom unveiled a plan for aggressive expansion next year after posting core earnings and sales that met expectations, thanks to another strong performance by its mobile unit.