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KUALA LUMPUR: AmInvestment Research believes the coronavirus outbreak will delay but it will not derail a potential rerating of Bursa Malaysia in 2020.
KUALA LUMPUR: Shares of Iris Corp Bhd rose in active trading on Wednesday, after the company announced that it won a contract from the Ministry of International Trade and Industry (MITI).
KUALA LUMPUR: The FBM KLCI eked out slight gains early Wednesday, as investors took comfort from the firmer Wall Street close, but selling on Tenaga Nasional weighed on the index.
KUALA LUMPUR: CGS-CIMB Equities Research expects a prolonged coronavirus outbreak in China as potentially impacting MPI’s profitability as Carsem’s Suzhou (CSZ) contributed 30% of the group’s revenue in FY6/19.
KUALA LUMPUR: Pos Malaysia Bhd, Iris Corp Bhd, Sime Darby Property Bhd and Tambun Indah Land Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.
KUALA LUMPUR: Oceancash Pacific Bhd’s (OCP) share price surged to an intraday high of 82 sen (up 57.7%) on Tuesday, was likely due to expectations of a surge in demand for non-woven products for hygiene applications (such as surgical face masks) amid worsening coronavirus outbreak.
Airbus faces a record $4 billion fine and lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales.
HOUSTON: At Exxon Mobil Corp, CEO Darren Woods’ plan to revive earnings at the largest US oil and gas company is being sidetracked by the two businesses he knows best: chemicals and refining.
AMSTERDAM: Dutch health technology company Philips is looking to sell its domestic appliances division.
RHB Research is maintaining a “buy” call on OCK Group with a target price of RM0.75, which is an 28% upside, as the group remains confident in sealing the towerco divestment deal soon