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KUALA LUMPUR: Axiata, MBSB, KUB, Widad and Pansar are among the stocks to watch on Friday after their corporate news, JF Apex Research says.
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) made a loss in the first quarter ended March 31 after it raised provisions for potential loan loss amid the Covid-19 uncertainties.
KUALA LUMPUR: Stocks to watch on Friday include Westports Holdings Bhd, Affin Bank Bhd, MBSB Bank Bhd, Ranhill Holdings Bhd, Gunung Capital Bhd and TA Enterprise Bhd, according to JF Apex Research.
KUALA LUMPUR: The earnings of banks will come under pressure following a government-initiated move to get financial institutions to waive the accrued interest on hire-purchase (HP) loans for six months.
PETALING JAYA: Banks in Malaysia are well capitalised to withstand stresses on asset quality, according to RAM Ratings.
PETALING JAYA: An increasing number of banks have resorted to closing some of their physical branches and moving their presence online temporarily during the movement control order (MCO) period to protect staff and customers from the Covid-19 pandemic.
KUALA LUMPUR: MBSB Bank Bhd will temporarily close 15 of its branches during the Movement Control Order (MCO) period with effect from Wednesday.
KUALA LUMPUR: Kenanga Investment Bank Research expects accommodative interest rates will continue to support a resilient household segment, mitigating the moderation in business spending.