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UOB Kay Hian Research upgrades S P Setia to buy
KUALA LUMPUR: UOB Kay Hian Malaysia Research expect earnings recovery for S P Setia to materialise from 2H20 on the back of accelerated progress billings and contribution from overseas projects kicking in in 2021-22.
NFOs a good gamble
PETALING JAYA: Numbers forecast operators (NFOs), who restarted their operations in mid-June, saw their sales recover to about 80%-85% of pre-movement control order (MCO) levels by the end of August.
Top Glove surge propels KLCI 20pt up
KUALA LUMPUR: Top Glove and Hartalega provided the boost to the FBM KLCI on Friday and propelled it above the crucial 1,500 level.
Many new hands in glove sector
THE glove craze shows no signs of fizzling out. Even as Covid-19 vaccine hopes intensify, it appears that the interest in glove manufacturing has only increased, particularly among Malaysian companies with no prior experience in the business.
Party over for retail investors?
PETALING JAYA: After flushing the stock market with huge liquidity since April this year, retail investors may take a back seat as the six-month loan moratorium draws to an end.
The week that was - Ringgit rising, Genting HK, Palm oil, loan growth
THE ringgit exchange rate against the US dollar strengthened to its highest level since February this year, boosted by improving local economic data and the greenback weakness.
Genting HK can stay afloat on its own
PETALING JAYA: Genting Hong Kong Ltd (GENHK) is confident of securing capital to fulfil its US$200.4mil financial obligations and does not require a group bailout.
Banks, Tenaga and Petronas stocks lift KLCI to higher close
KUALA LUMPUR: Banks, Tenaga Nasional and Petronas-linked stocks helped the FBM KLCI close more than 1% higher as some investors switched out of glove makers.
