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SYDNEY: Australia's Woodside Petroleum Ltd on Tuesday forecast a first-half impairment loss of $4.37 billion after tax, joining global energy majors that have slashed the value of their assets after a Covid-19 coronavirus induced slump in oil prices.
KUALA LUMPUR: As the World Health Organization says Covid-19 probably won’t disappear in the coming months, investors continue to chase glove makers especially Supermax and its call warrants as they anticipate an earnings surge.
PETALING JAYA: Kenanga Investment Bank Research continues to see further upside for Supermax Corp Bhd after raising once more its average selling price (ASP) assumptions.
KUALA LUMPUR: Sustained buying of Top Glove and Hartalega powered the FBM KLCI past the key 1,600 level in early Monday trade, tracking the bounce in key Asian markets.
KUALA LUMPUR: Affin Hwang Capital Research is maintaining its neutral rating on the plantation sector, with Ta Ann as its top pick.
KUALA LUMPUR: Kenanga Investment Bank Research continues to see further upside for Supermax Corp Bhd after raising once more its average selling price assumptions.
PETALING JAYA: The next six months will shed light as to where the housing sector is heading but analysts and property consultants are not holding their breath, as many structural issues remain unresolved.
A DEVELOPER of some of Manhattan’s newest ultra-luxury condos has started a more down-to-earth project: a fund investing in real estate companies that appear undervalued.
KUALA LUMPUR: Public Bank and Petronas Chemicals weighed on the FBM KLCI early Friday after the weaker overnight close on Wall Street added caution to key Asian markets. However, glove makers were top gainers, led by Supermax and its call warrants
SINGAPORE: When Credit Agricole SA and HSBC Holdings Plc issued a payment guarantee for a US$76.5mil fuel purchase from a Singapore trader in March, they unwittingly became the latest victims in a series of trade finance scandals that have led to more than US$9bil in potential losses for global lenders.