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KUALA LUMPUR: Alliance DBS Research expects the government to increase infrastructure spending in the Budget 2021 proposals in November and this move will benefit Gamuda, IJM Corp and Sunway Construction.
PETALING JAYA: Alliance DBS Research has remained positive on the country’s construction sector after both the Malaysian and Singaporean governments agreed to resume discussions on the Kuala Lumpur-Singapore high-speed rail (HSR) project soon.
GLOBETRONICS will release its fourth quarter 2019 results on Feb 24.
PETALING JAYA: While Bank Negara’s decision to cut the Overnight Policy Rate (OPR) by 25bps to 2.75% was widely unexpected by analysts, the general reaction to the move was that the impact – on most sectors – would be minimal.PETALING JAYA: While Bank Negara’s decision to cut the Overnight Policy Rate (OPR) by 25bps to 2.75% was widely unexpected by analysts, the general reaction to the move was that the impact – on most sectors – would be minimal.
HE 7% share price retracement from Scientex’s recent peak provides an excellent opportunity to accumulate, according to UOB Kay Hian Research.
KUALA LUMPUR: Standard Chartered Bank Malaysia Bhd (StanChart) is optimistic on its loan growth prospects for 2020, despite anticipating a challenging environment for the banking sector this year.
KUALA LUMPUR: Analysts remain conservative on Malaysia’s economic growth this year, as renewed Middle East geopolitical tensions have eclipsed the US-China trade deal optimism.
KUALA LUMPUR: Alliance DBS Research is retaining its Buy rating and sum-of-parts (SOP)-derived target price (TP) of RM4.65 for Gamuda.