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KUALA LUMPUR: CGS-CIMB Equities Research reiterates its Overweight call on the glove sector as concerns of potential declines in average selling prices (ASPs) from CY21F onwards are premature at this juncture.
KUALA LUMPUR: CGS-CIMB Research has raised its 2020 crude palm oil (CPO) price forecast to RM2,500 from RM2,300 per tonne as the price rallies.
KUALA LUMPUR: Bank Negara Malaysia's decision to retain the overnight policy rate (OPR) at 1.75% during its monetary policy committee (MPC) meeting on Thursday is positive for banks, CGS-CIMB Equities Research says.
PETALING JAYA: The board of directors of MSM Malaysia Holdings Bhd have clarified that its inventory irregularities pertain to an adjustment to write-off inventories amounting to RM36.6mil in MSM Sugar Refinery (Johor) Sdn Bhd.
Concerns raised over weak management at sugar company
KUALA LUMPUR: CGS-CIMB Equities Research reiterates its positive view on Top Glove expects higher average selling prices (ASP), particularly for nitrile gloves at +20% month-on-month (MoM) in September and October and another +10% in November due to strong demand for gloves.