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BURSA Malaysia’s technology stocks rebounded on Friday, following two consecutive trading days of steep losses over the holiday-shortened week.
PETALING JAYA: Technology counters on Bursa Malaysia are feeling the heat following the escalation of trade tensions between the United States and China with restrictions imposed by the Trump-led administration against China’s telecommunication giant Huawei.
KUALA LUMPUR: Affin Hwang Capital research has reaffirmed its buy call on Globetronics Technology Bhd with a higher target price of RM2.57 from RM2.55 previously.
KUALA LUMPUR: The new trading month of May started on a cautious note with the FBM KLCI weighed down by MAHB, Digi and Maxis but there was some nibbling seen in banks and Tenaga Nasional.
KUALA LUMPUR: Stocks on investors' radar screens today may include Axiata Group Bhd, Axis Reit, Ecobuilt, AWC, Dayang and Avillion, according to JF Apex research.
KUALA LUMPUR: Globetronics Technology Bhd's sensor volumes will improve in the coming months as production gears up for this year's model launch, says Affin Hwang Capital research.
PETALING JAYA: Apple Inc and Samsung Electronics Co Ltd have posted results that are above and in line with street guidance, with investors now turning more bullish despite lower smartphone sales and slowing memory chip demand.