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Local bourse closes below psychological level for 11th session
KUALA LUMPUR: Windfall tax risk for glove makers after their supernormal profits and surge in share prices saw investors take some money off the table.
KUALA LUMPUR: Shares of glovemakers continued to dominate Bursa Malaysia’s top gainers list in early trade Thursday, extending their gains further.
AS expected, quarter one (Q1) results season was as disappointing as trying to catch a sunset on a cloudy day.
PETALING JAYA: With Bursa Malaysia anticipated to witness choppy times ahead, a research house has advised investors to focus on three key areas – healthcare, technology and net cash and dividend yielders.
Genting Group subsidiary Genting Singapore (GENS) reported a 2019 core profit after tax and minority interest (Patami) of S$705mil, a decline of 8% year-on-year (y-o-y), which was within expectations, as it constituted 104% and 103% of Affin Hwang IB and consensus forecasts.
KUALA LUMPUR: On the back of a positive results season, the rubber gloves sector is seeing signs of an uptick in demand in subsequent quarters, says Kenanga research.