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Pansar said the construction sector in Sarawak is expected to prosper over the next few years, driven by the RM22 billion in spending for infrastructure projects by the Sarawak government.
Group has need to reshape portfolios across the region
KUALA LUMPUR: Despite the optimism of the ringgit strengthening against the US dollar this year, the local currency is likely to stay weak against its Asean peers in the medium-term dragged down by structural weaknesses within Malaysia’s economy.
The industry is aware of the risks despite recovery
KUALA LUMPUR: UOB Kay Hian Malaysia retail research has a technical buy on Leong Hup International (LHI) with +20.5% potential return.
PETALING JAYA: The improving corporate earnings, supported by the reopening of the economy as the Covid-19 vaccination programme expands, will help lift the Malaysian equity market.
KUALA LUMPUR: UOB Kay Hian Malaysia Research is retaining its Buy call on Top Glove Corporation Bhd with a lower target price of RM7.60 from RM10.40, which is independent of the listing in Hong Kong, as it rolls over its valuations to CY22.
QUESTIONS are being raised on whether a government-led, single-entity rollout of the 5G network will put the private telecommunications companies (telcos) at a disadvantage.