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KUALA LUMPUR: CGS-CIMB Equities Research is retaining its Add recommendation for Sime Darby Property due to its solid balance sheet and stronger sales momentum but lowered the target price.
NEW YORK: Oil prices fell to their lowest in more than a year on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline, and on concerns that the virus could spread across the United States.
PETALING JAYA: CIMB Group bagged five notable awards at the 13th Alpha Southeast Asia Best Deal & Solution Awards 2019 for its strong and innovative capabilities across the Asean capital markets, equities, and trade finance space.
KUALA LUMPUR: The double whammy of political uncertainties after the collapse of the Pakatan Harapan government and the Covid-19 threat saw Bursa Malaysia notching losses in early Wednesday trade.
KUALA LUMPUR: Infrastructure-property group IJM Corp’s earnings for the nine months ended Dec 31,2019 were below CGS-CIMB Equities Research forecast and it maintained its Hold call with a lower target price of RM2.10.
PETALING JAYA: After a brutal trading day on Monday that wiped out RM44bil from the Main and ACE markets, Bursa Malaysia staged a technical rebound on Tuesday amid the country’s continuing political stalemate.
MUMBAI: Investors in India’s mid-sized companies’ shares will need to be patient for returns to improve as the nation’s recovery from an economic slump will be slow, according to fund managers.
SYDNEY: For big business, the impact of the new Covid-19 coronavirus epidemic is already being felt worldwide.
KUALA LUMPUR: The FBM KLCI rebounded on Tuesday to return to the 1,500 psychologically important level.
KUALA LUMPUR: AmBank Research expects volatility on Bursa Malaysia to remain strong driven by the global spread of the Covid-19 coronavirus and the collapse of the Pakatan Harapan (PH) government.