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AMONG the handful of stocks in the telecommunications circle, Axiata Group Bhd stands out because its shares have been trending southwards, touching a ten-year low of RM2.88 this week.
KUALA LUMPUR: Cable and wire manufacturer Southern Cable Group Bhd’s offer of 40 million new shares to the public under its floatation exercise was oversubscribed by 10.5 times.
KUALA LUMPUR: JF Apex Research expects Bina Puri, TGC Group, Top Glove, Kerjaya Prospek and Sunsuria to be among the stocks to watch on Thursday following their recent corporate announcements.
MADRID: Spain’s growing list of the risks is starting to make investors nervous.
PETALING JAYA: The rising price of polyethylene (PE), which has recovered to US$900 per tonne from the weak levels observed during the second quarter, will lead to a stronger second half for Lotte Chemical Titan Holding Bhd.
LONDON: The new boss of Tesco, Britain’s biggest retailer by sales, has backed the strategy of his predecessor despite a drop in first-half core profit as Covid-19 costs and losses at Tesco bank outweighed a surge in sales.
KUALA LUMPUR: Kumpulan Powernet Bhd (KPower) has proposed a first and final dividend payout of 2.26 sen a share for the year ended June 30, 2020 (FY20) for shareholders' approval at its forthcoming AGM.
PETALING JAYA: The rising number of new Covid-19 cases is likely to lead to more borrowers – hit by movement restrictions – seeking loan moratorium extensions, as businesses are disrupted with further job and pay cuts.