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SAN FRANCISCO: Apple Inc just bought itself some much-needed time. On Wednesday, the company surprised Wall Street with news that it sold more iPhones in the March quarter than even the most bullish analysts had expected and threw another US$30bil into an already sizeable stock buyback programme and instituted an 8% quarterly dividend increase.
THE Enforcement Division of the Ministry of Domestic Trade, Co-operatives and Consumerism (MDTCC) recently announced that its Shah Alam branch successfully raided a Klang-based syndicate involved in the distribution of suspected high-end counterfeit software passed off as original software and sold to unsuspecting resellers and end-user customers at premium prices.
KUALA LUMPUR: Maybank KE Research has initiated coverage on UMW-OG with a Buy rating and target price of RM4.80, having considered the group’s more superior growth and prospects.
THE Malaysia Effie Awards has fewer entries this year but some things, at least, seem to be going right.