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KUALA LUMPUR: Maybank Investment Bank Research continues to have a Buy call on infrastructure-property-plantation group IJM Corp with a higher target price of RM1.98 which is 26% higher than the earlier TP of RM1.58.
KUALA LUMPUR: Kenanga Research has raised its earnings forecast on Kelington Group Bhd following record-high quarterly earnings from the latter.
KUALA LUMPUR: Sime Darby Plantation is expected to deliver its best quarterly in the fourth quarter of 2020 on better crude palm oil (CPO) price, Maybank Investment Bank Research says.
THE US dollar was traded broadly weaker during the week reviewed, down 0.50% to 92.29 – touching the lowest level since end-August
KUALA LUMPUR: The High Court here has dismissed a habeas corpus application by Alvin Goh Leong Yeong – who fled the Malaysian Anti-Corruption Commission (MACC) office in October – over his detention under the Prevention of Crime Act (Poca) 1959.
Philippines forex reserves hit record high at US$103 bil on central bank gold trading, foreign loans
MANILA, Nov 16 (The Philippine Inquirer/ANN) - The Philippines' dollar reserves rose to their highest level in history for the 13th consecutive month at the end of October due to the central bank’s currency market operations and the national government’s foreign loans.
KUALA LUMPUR: IOI Corporation may not fully benefit from the recent spike in crude palm oil (CPO) price in 1QFY21E due to the usual one-month forward sales typical of integrated players, Maybank Investment Bank Research says.
NEW YORK: The S&P 500 posted a modest loss and the Nasdaq closed sharply lower on Tuesday as promising news regarding an effective COVID-19 vaccine led investors away from market leaders and toward cyclical stocks associated with economic recovery.
Bitcoin's rally above US$15,000 (RM61,695) has reignited debate over whether the cryptocurrency is so-called digital gold or a perilously risky bet as investors grapple with the coronavirus pandemic.