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Quick take: Favelle Favco shares up on RM101.4mil contract win
KUALA LUMPUR: Shares in Favelle Favco Bhd rose over 4% in early trade Tuesday after securing orders worth RM101.4mil from six clients operating across the region.
MIDF reiterates 'buy' on Favelle Favco
KUALA LUMPUR: MIDF Research remains optimistic over Favelle Favco Bhd's earnings in FY21 given its ability to maintain operating and profit margins over the past two quarters despite the Covid-19 restrictions.
Axis REIT’s newest asset may have minimal earnings impact
MIDF Research said it was “neutral” on the REIT’s proposed acquisition of an industrial asset at Bukit Raja as the acquisition was in line with Axis REIT’s strategy of expanding its industrial assets portfolio.
Foreign funds snap three-week selling spree
KUALA LUMPUR: Foreign funds snapped their three-week selling streak and turned into net buyers with a net inflow of RM285.83mil last week, compared with a net outflow of RM477.43mil in the preceding week.
MIDF upgrades Axis REIT to 'buy'
KUALA LUMPUR: MIDF Research has maintained its earnings forecasts on Axis Real Estate Investment Trust (REIT) following news of its acquisition of an industrial asset in Bukit Raja, Shah Alam.
Ringgit likely to stay weak against Asean peers
KUALA LUMPUR: Despite the optimism of the ringgit strengthening against the US dollar this year, the local currency is likely to stay weak against its Asean peers in the medium-term dragged down by structural weaknesses within Malaysia’s economy.
‘Timely measures kept economy afloat’
SWIFT measures by the government to revive the economy has earned the thumbs up from economists.
Glove stocks likely to see continued price volatility
Rollout of vaccines and overcapacity among issues
Singapore RE foray a potential positive for TNB
PETALING JAYA: Tenaga Nasional Bhd’s (TNB) (pic) foray into the renewable energy (RE) market in Singapore is in line with the utility giant’s plans to fast track its RE expansion plan, say analysts.
AmBank has enough capital to absorb settlement
PETALING JAYA: The close to RM3bil global settlement with the Malaysian government is expected to see AMMB Holdings Bhd (AmBank) slipping into the red for the current financial year ending March 31 (FY21), but analysts note that the banking group has continued to demonstrate resilience in its underlying business.
