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CPO futures to see volatile trading next week, eyes on MPOB data
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives may see volatile trading next week, ahead of the release of production, stocks and exports data.
Glove stocks see strong surge
PETALING JAYA: Rubber glove stocks saw a strong upward surge on price and accompanying volumes, topping the gainers and volume list as bargain hunting crept in after the market started the month of April on a sombre note.
Overseas funds are loving Malaysia’s glove stocks
KUALA LUMPUR: Foreign investors are using the selloff in Malaysian glove makers to return to last year’s stock market stars.
Opening of CU outlets seen as positive
PETALING JAYA: Although the opening of CU outlets by MyNews Holdings Bhd is positive for the group’s earnings growth, weak footfall of stores coupled with low food processing centre (FPC) utilisation rates pose risks in the near-term.
Tight supply of palm oil seen to keep CPO prices up
RM3,500 to RM4,000 per tonne this month is expected
Tan Chong confident of maintaining market share
PETALING JAYA: Despite widening losses for its fourth quarter ended Dec 31,2020, Tan Chong Motor Holdings Bhd (TCM) remains optimistic about maintaining its 3% total industry volume (TIV) market share for this year.
Strong order flows to sustain VS Industry’s growth
PETALING JAYA: VS Industry Bhd is expected to continue posting strong earnings growth for the remaining quarters of its financial year ending July 31,2021 (FY21), thanks to robust order flows from its key customers.
