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Non-bank/tech players take long-term view of outlook
Higher level of due diligence is given to sectors deemed vulnerable to Covid-19
KUALA LUMPUR: Hong Leong Industries Bhd posted a 36.36% year-on-year drop in its third quarter earnings ended March 31, 2020, to RM57.53mil as the movement control order negatively impacted sales across its business segments.
KUALA LUMPUR: Key Asian markets closed in the red on Friday, with Bursa Malaysia not spared, following the rising US-China tensions while Hong Kong's Hang Seng Index tumbled more than 5% on a new security law proposal.
KUALA LUMPUR: Bursa Malaysia extended its gains on Thursday as the FBM KLCI was lifted by Petronas-linked stocks after firm crude oil prices while plantations and glove makers rallied.
PETALING JAYA: Sunway Real Estate Investment Trust (Sunway REIT) is capable of standing the test of time in the longer term due to its integrated asset cluster within a mature township, as well as its efforts in building a more balanced portfolio.
PETALING JAYA: The 30% earnings growth of Malayan Banking Bhd’s (Maybank) Indonesian arm for the first quarter ended March 31 came largely in line with market expectations.
PETALING JAYA: The share price of Pharmaniaga Bhd added 34 sen in yesterday’s trading after a 14% increase in pretax profit for its first quarter