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KLCI closes below 1,500-level; broad selling across Bursa Malaysia
KUALA LUMPUR: The FBM KLCI pared some of its earlier losses but remained in the red, closing below the 1,500-mark.
Higher earnings forecast for Daibochi
KUALA LUMPUR: MIDF Research is revising higher its earnings estimates for Daibochi Bhd as it takes into account the resilient demand for flexible plastic packaging from the group’s customers coupled with the expected increase in production capacity.
MIDF raises earnings forecasts on Daibochi
KUALA LUMPUR: MIDF Research is revising higher its earnings estimates for Daibochi Bhd as it takes into account the resilient demand for flexible plastic packaging from the group's customers coupled with the expected increase in production capacity.
Foreign buyer changes course, turn net buyers
KUALA LUMPUR: Foreign funds changed course by turning to be net buyers to the tune of RM70.91mil in comparison to net selling the previous week, according to MIDF Research.
Improving trend to continue
The Asean-5 economies are in a technical recession based on their second quarter gross domestic product (GDP) figures and this is induced by the Covid-19 pandemic.
MRO unit may add RM1bil to AirAsia earnings
PETALING JAYA: The setting up of a centralised and independent maintenance, repair and overhaul (MRO) unit by AirAsia Group Bhd could potentially bring in revenue of about RM1bil a year.
Q2 contraction seen as trough
Asean economies, including Malaysia’s, set to improve going forward
Selangor water cut a boost for Spritzer sales
PETALING JAYA: The recent unscheduled water disruption in Selangor was painful for millions but it has benefited bottled water producers, including Spritzer Bhd, who saw brisk sales.
Tenaga, semicon stocks lower at midday
KUALA LUMPUR: Bursa Malaysia joined key Asian markets to trade lower at the midday break on Monday on concerns about the Covid-19 coronavirus pandemic’s impact on global economies.
