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PETALING JAYA: Semiconductor companies are expected to see a strong rebound in earnings, driven by higher automotive sales and the possible adoption of 5G in new smartphone models.
NEW YORK: Asian stocks were expected to rise on Thursday, as hopes of a robust economic recovery offset concerns over flare-ups in the coronavirus pandemic, and as investors looked ahead to earnings season.
KUALA LUMPUR: Domestic Consumption is expected to remain soft in the second half of the year although it could slowly pick up from the government's stimulus packages, low interest rates and expectations of a consumer-friendly Budget 2021, says Kenanga Investment Bank Research.
KUALA LUMPUR: When it comes to oil and gas stocks, Kenanga Investment Bank Research is not in favour of a bargain-hunting strategy, especially for long-term investors.
KUALA LUMPUR: Matrix Concepts Bhd recorded a net profit of RM234.3mil in its 2020 financial year ended March 31, 2020, a 7.3% increase over the previous year on the back of improved contribution from its residential and industrial properties.
PETALING JAYA: Matrix Concepts Holdings Bhd’s net profit for the financial year ended March 31,2020, rose 7.3% to RM234.30mil.
KUALA LUMPUR: Banks are putting in place a new credit assessment methodology before granting any facility to borrowers, according to Bank Simpanan Nasional Bhd (BSN) chief business officer Mujibburrahman Abdul Rashid.
KUALA LUMPUR: UOB Kay Hian Malaysia Research expects the stock market to move into a consolidation mode following a spectacular recovery into a bull territory from a global Covid-19 outbreak-induced bear market.