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KUALA LUMPUR: CGS-CIMB Research has raised Tenaga Nasional’s target price from RM13 to RM15.40 as it removes the 10% discount to the average sector price-to-earnings (P/E).
KUALA LUMPUR: CGS-CIMB Research has reversed its short-lived “Downgrade to Hold” recommendation for Yinson that it had issued on June 26 and upgrade the oil and gas services company back to an Add call.
KUALA LUMPUR: CGS-CIMB Equities Research is retaining its Hold and discounted cashflow-based target price of RM3.40 pending further details from TM’s #khabarbaik event and upcoming 2Q19 results. 2019-07-29 04:06:45.517
KUALA LUMPUR: CGS-CIMB said news of the resignation of FGV Holdings Bhd president and CEO Datuk Zakaria Arshad was a “slight positive” for FGV as it appears that the matter has ended amicably.
KUALA LUMPUR: CGS-CIMB Securities Sdn Bhd (CGS-CIMB Malaysia), a joint venture between CIMB Group Holdings Bhd (CIMB) and China Galaxy International Financial Holdings Ltd (CGI), a wholly-owned subsidiary of China Galaxy Securities Co Ltd (CGS), will officially commence operations today.
KUALA LUMPUR: Sasbadi Holdings is looking to grow its export markets, focusing on pre-school books and non-academic books such as comics and novels, CGS-CIMB Equities Research says.
KUALA LUMPUR: CGS-CIMB Equities Research is positive on Tenaga Nasional Bhd (TNB) as the regulatory risk from the energy sector reform seems to be low, as the power giant will likely maintain its monopoly in the transmission and distribution segments.
KUALA LUMPUR: CGS-CIMB Equities Research is positive on Tenaga Nasional as the regulatory risk from sector reform seems to be low, as the power giant will likely maintain its monopoly in the transmission & distribution segments.
KUALA LUMPUR: CGS-CIMB Equities Research is positive on Mah Sing Group’s purchase of 5.47 acres of land in Kepong for RM94.8mil which has a potential gross development value (GDV) of RM705mil.
KUALA LUMPUR: CGS-CIMB Securities Sdn Bhd has launched two additional Shariah-compliant products – iCash trading account (iCash Trading) and Islamic share margin financing facility (SMF-i).