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KUALA LUMPUR: MIDF research maintained its neutral call on Axiata Group Bhd with an unchanged target price of RM4.68 on the back of an earnings result that came in within expectations.
KUALA LUMPUR: CIMB Group Holdings Bhd posted net profit of RM1.51bil in the second quarter ended June 30, 2019 compared with RM1.98bil due to lower gains from the disposal of subsidiaries, joint ventures and associates.
KUALA LUMPUR: Public Bank Bhd’s (PBB) key priority continues to be on its asset quality with a strong credit culture instead of loan expansion, according to AmBank Research.
KUALA LUMPUR: CGS-CIMB Research has raised Tenaga Nasional’s target price from RM13 to RM15.40 as it removes the 10% discount to the average sector price-to-earnings (P/E).
KUALA LUMPUR: UOB Kay Hian Malaysia Research has cautioned investors the surge in share prices of cement companies amid speculation of cement prices rising by up to RM80 a tonne (40%) as “unwarranted”.
GEORGE TOWN: Spritzer Bhd will offer new products soon to increase its market share in the country to 45% from the current 40% over the next three to five years.
PETALING JAYA: After a bumpy ride in the first half of the year, banking industry captains are bracing for a tougher second half against the backdrop of slower loan growth and thinning margins.
KUALA LUMPUR: RHB research expects Power Root Bhd's 4QFY19 core net profit to come within forecast although headline numbers could be impacted by one-off provisions.
LONDON: Publicis Groupe SA will pay US$4.4bil in cash to acquire Alliance Data Systems Corp’s marketing unit Epsilon, as the French advertising group seeks to deepen its digital expertise and expand in the US.
IT has been a tough couple of years for the property market, with developers seeing declines in revenue and sales.