Kenanga adjusts SDP outlook, price to stay firm

PETALING JAYA: Kenanga Research has adjusted its financial year 2022 (FY22) to FY23 core earnings per share on Sime Darby Plantation Bhd (SDP) by 1% and 5%, respectively, on firm palm oil prices staying longer, but has maintained a “market perform” on the plantation stock with a target price of RM5.20.

Pharmaniaga remains on a healthy trend

Swift Haulage to expand its customer base

PETALING JAYA: Swift Haulage Bhd is looking to expand its customer base domestically and regionally, following the expansion and extension of its warehouse capacity.

Malaysia highly exposed to global shocks in food supply chain

KUALA LUMPUR: Malaysia’s food inflation is set to stay on an upward path in the coming months amid elevated global commodity prices, domestic supply chain disruptions and depreciation of the ringgit. 

Foreign inflow continues to the sum of RM26.15mil

KUALA LUMPUR: The inflow of foreign dollars into Bursa Malaysia continued over the past week to the tune of RM26.15mil.

PetGas net profit seen to remain robust

PETALING JAYA: Petronas Gas Bhd’s (PetGas) earnings are expected to remain resilient this year, underpinned by the group’s business model and long-term contracts that will ensure steady revenue streams.

PetChem finds good fit in Sweden’s Perstorp

Buy allows diversification into specialty chemicals

The allure of foreign stocks

Seasoned investors say the biggest risk of buying overseas shares is the lack of knowledge

Cahya Mata’s full-year earnings target raised

PETALING JAYA: Following Cahya Mata Sarawak Bhd’s stronger-than-expected results for the first quarter of financial year 2022 (1Q22), some analysts have raised the full-year earnings target for the conglomerate.

Malaysia records net foreign inflow of RM56.9mil in week ended May 13

KUALA LUMPUR: Foreign investors were net buyers of Malaysian equity in the week ended May 13, 2022, bucking the regional trend where markets saw a net outflow of international dollars.