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PETALING JAYA: The Bursa Malaysia rebound extended for a second day as the White House struck a deal with the Congress for the US$2 trillion coronavirus (Covid-19) aid package to bail out the US economy.
PETALING JAYA: Heavily battered along with the broader market, plantation stocks on Bursa Malaysia now appear attractive in terms of valuation.
So far no reported cases of virus outbreak in estates
CRUDE palm oil (CPO) prices have entered the bear market once again, with this round being the worst since the 2008 global financial crisis.
PETALING JAYA: US president Donald Trump’s plan to introduce new economic stimulus measures in response to the novel coronavirus (Covid-19) outbreak has brought some reprieve to heavily battered global markets, including Malaysia.
PETALING JAYA: Index-linked stocks tumbled to their near 52-week low, after oil prices crashed by more than 30%.
KUALA LUMPUR: Affin Hwang Capital research maintained its buy rating and price targer of RM26.90 on Kuala Lumpur Kepong Bhd following its 1QFY20 earnings result that came within its expectations.
KUALA LUMPUR: Kuala Lumpur Kepong Bhd reported a decline in first quarter ended Dec 31 earnings, as weaker fresh fruit bunches (FFB) output and an unrealised loss on derivative contracts blunted the benefits of higher palm oil selling prices.