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KUALA LUMPUR: PublicInvest Research has initiated coverage on Berjaya Auto Bhd (BAuto) with an “outperform” call and a 12-month target price of RM2.65 based on 13 times FY17 forecast price-earnings ratio (PER), which is in line with sector average of 12.6 times.
KUALA LUMPUR: Axiata Group Bhd has declared its biggest ever dividend payout amounting to RM3bil following its stellar results for the financial year ended Dec 31, 2012, almost doubling the RM1.6bil paid in the previous financial year.
NEW YORK: General Electric Co’s (GE) Judgment Day is nigh.
BANK Negara’s decision to impose a more stringent provisioning requirement for banks by the end of next year might have caught many industry observers by surprise.
KUALA LUMPUR: Tenaga Nasional recorded a jump in its earnings in the third quarter ended May 31, 2016 boosted by the hot weather and high tariffs, says CIMB Equities Research but it expects the fourth quarter earnings to be weaker due to seasonally higher expenses.