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KUALA LUMPUR: The sharp rise in the number of the Covid-19 coronavirus this week saw investors stepping back from riskier assets including equities on concerns on the fallout on the economy and the supply chains of manufacturers.
KUALA LUMPUR: CGS-CIMB Equities Research is maintaining its Add call for Duopharma Biotech with a lower target price of RM1.90 compared with the earlier RM2.03.
KUALA LUMPUR: CGS-CIMB Equities Research is retaining its Add for Dialog Group with sum-of-parts based target price of RM5.14 and unchanged core EPS forecasts, as lower oil prices during 2HFY6/20F may impact earnings.
NEW YORK: Oil prices edged higher on Thursday as investors hoped the world's biggest producers would cut output more while they largely shrugged off forecasts of slumping demand due to the coronavirus outbreak in top oilimporter China.
KUALA LUMPUR: Equity markets slid on fading hopes that the Covid-19 coronavirus outbreak had peaked.
KUALA LUMPUR: Shares of Public Bank Bhd fell to below RM18 at midday on Wednesday and the lowest since December 2016.
NEW YORK: Oil prices rose about 1% on Tuesday, up from 13-month lows as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy oil demand destruction
KUALA LUMPUR: CGS-CIMB Equities Research expects crude palm oil (CPO) prices to trade in the range of RM2,500 to RM2,800 per tonne in February and at an average of RM2,300 per tonne for 2020.
BENGALURU: Foreign inflows into Asian equities fell sharply in January, as worries over the coronavirus outbreak in China hit risk sentiment.