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RHB Research has initiated coverage on OCK with a “buy” rating and fair value of RM1.65, which takes into account the dilution from the placement exercise and new shares to be paid as consideration for the acquisition of PT Mulia Telecommunication.
LONDON: Britons are using internet and mobile banking for transactions worth nearly £1bil (US$1.7bil) a day and branch use is falling sharply, according to the British Bankers Association and accountancy firm EY.
PETALING JAYA: An oversupply of new luxury condominiums in the Klang Valley this year is expected to create pressure on rentals and even result in a “price war” on new and existing units.
LONDON/FRANKFURT: U.S. agribusiness Archer Daniels Midland has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros (US$3 billion) to enter the flavoring and the health-conscious food sectors.
LONDON: British firms are upping salary offers for new permanent staff at the fastest rate in almost 17 years as the pool of suitable candidates dwindles rapidly, a monthly survey of recruitment agencies showed on Tuesday.
KENANGA Research is positive on the land bank purchase in Indonesia as it bodes well for TSH’s long-term fresh fruit bunches (FFB) production growth, along with an estimated 10% total landbank increase to 99,663ha.