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KUALA LUMPUR: A late rebound on Bursa Malaysia fizzled out due to the lack of strong follow through buying on Thursday while the broader market was mixed as investors awaited the stimulus programme to be announced on Feb 27.
PETALING JAYA: Kenanga Research has maintained its “outperform” call on IOI Corp Bhd following its latest earnings results, but trimmed its financial year 2020 (FY20)-FY21 earnings forecast by 5% and 4%, respectively.
KUALA LUMPUR: Blue chips closed lower on Wednesday as weaker crude palm oil prices dragged plantations into the red while glove makers also lost ground.
KUALA LUMPUR: Implementing the B20 biodiesel programme could improve air quality especially in areas facing traffic congestion like the Klang Valley with its 7.2 million inhabitants, says Primary Industries Minister Teresa Kok.
KUALA LUMPUR: Kenanga research maintained its outperform recommendation on IOI Corp Bhd following its latest earnings result but trimmed its FY20-21 earnings forecast by 5% and 4% respectively.
KUALA LUMPUR: JF Apex Research expects Wah Seong Corp Bhd, KKB Engineering Bhd, Bina Darulaman Bhd, Alam Maritim Resources Bhd and ELK-Desa Resources Bhd to be among the stocks to watch on Wednesday.
PETALING JAYA: IOI Corp Bhd posted a 9.2% year-on-year (y-o-y) rise in its net profit to RM213.5mil for the second quarter ended Dec 31,2019.
KUALA LUMPUR: IOI Corp Bhd said higher palm oil selling prices boosted profits at its plantation division in the December quarter, mitigating the impact of a RM92mil fair value loss on derivative financial instruments suffered by its resource-based manufacturing business.
KUALA LUMPUR: Affin Hwang Capital research maintained its buy rating and price targer of RM26.90 on Kuala Lumpur Kepong Bhd following its 1QFY20 earnings result that came within its expectations.
KUALA LUMPUR: Kuala Lumpur Kepong Bhd reported a decline in first quarter ended Dec 31 earnings, as weaker fresh fruit bunches (FFB) output and an unrealised loss on derivative contracts blunted the benefits of higher palm oil selling prices.