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CGS-CIMB Research said earnings risks under the MCO 3.0 are likely to be lower compared to MCO 1.0 as more economic sectors are allowed to operate.
PETALING JAYA: Construction stocks, earlier thought of as recovery stocks, may be one of those which have hit a snag as cases of Covid-19 in the country see a return, with no sure signs of slowing down.
KUALA LUMPUR: CGS-CIMB has maintained its “neutral” rating on the country’s agribusiness sector following mixed indicators in the crude palm oil (CPO) stocks, production and exports.
TWO of the country’s top glove producers Supermax Corp Bhd and Hartalega Holdings Bhd released their latest quarterly blockbuster earnings this week, with both companies adding RM1bil in net profit each.
The acquisition of Mah Sing Group Bhd’s latest parcel of land is expected to strengthen its development portfolio within the Klang Valley’s key growth corridors.
PETALING JAYA: KLCC Real Estate Investment Trust’s (KLCC REIT) premium asset quality and its stable office segment due to its location will continue to support the trust’s market value, moving forward, in these uncertain times.
CGS-CIMB Research, while keeping its earnings forecast for unchanged, has upgraded its call for Duopharma Biotech from a “hold’’ to an “add.’’
CGS-CIMB Equities Research has upgraded its recommendation for Duopharma Biotech to an add from hold and kept its target price at RM3.67, which is 25.2% above the last closing price of RM2.93.