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Shares of Facebook, which were given a boost last week when the social networking company reported first quarter results that largely met analysts' expectations, may be over valued, financial newspaper Barron's said on Sunday.
THAT the banking sector is entering a new wave of mergers and acquisitions (M&As) would be stating the obvious. But what the new M&A phase would likely result in is new pricing benchmarks.
KUALA LUMPUR: The Malaysian rubber prices are expected to be volatile this week amid weak economic data from China and the United States, a dealer said.
National power utility Tenaga Nasional Bhd (TNB) added 4.8%, or 39 sen, to RM8.17 on a hefty volume of 31.6 million shares, reaching its highest price since 2007. With the incumbent Barisan Nasional (BN) coalition retaining government, reforms in the power sector, ongoing since 2011, are set to continue.
PETALING JAYA: CIMB Group Holdings Bhd, a beneficiary of numerous Economic Transformation Programme initiatives, continued its share price rally, marked by its spike to a two-year high of RM8.65 yesterday, two days after the Barisan Nasional won the 13th general election (GE13).
KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related and market news whichcould have an influence on the Malaysian market Wednesday. GLOBAL MARKETS-Stocks climb higher as investors chase performance
DESPITE the collapse of banks in major Western financial centres, Asian and Australian banks continue to shine.