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KUALA LUMPUR: Axiata Group Bhd posted an earnings recovery in the third quarter ended Sept 30, 2020, as the operating environment improved on the back of easing lockdown measures.
NEW YORK/WASHINGTON: ByteDance, the Chinese parent company of video-sharing app TikTok, filed a petition late on Tuesday with a U.S. Appeals Court challenging a Trump administration order set to take effect on Thursday requiring it to divest TikTok.
KUALA LUMPUR: Kenanga Investment Bank Research raised its earnings forecast on Kossan Rubber Industries Bhd as average selling price (ASP) and margins have risen to higher than expected.
BEIJING: The Caixin China General Manufacturing Purchasing Managers’ Index (PMI) came in at 53.6 for October compared with 53.0 in September. It was also the highest reading since January 2011, according to survey data released by media group Caixin and information provider IHS Markit.
PETALING JAYA: Bursa Malaysia Bhd is expected to see a sequential moderation in earnings over the next six months, after its quarterly average daily trading value (ADV) hit a peak of RM5.5bil in the third quarter of this year.
KUALA LUMPUR: Shares in Supermax Corp Bhd rose marginally in early trade Wednesday after the group beat analyst expectations in its latest quarterly results.
PETALING JAYA: MISC Bhd is expected to monetise its Mero 3 floating production, storage and offloading (FPSO) asset by offering a 50% equity stake when the vessel is ready.
KUALA LUMPUR: RHB Research is retaining its Buy call on MISC with a lower target price (TP) of RM8.53 from RM8.91 earlier as it expects a weaker 2H20 due to a moderation of tanker rates.
CALIFORNIA: The guardians of the global economy will gather this week under the cloud of the worst recession since the Great Depression, and a recovery dependent on scientists finding a coronavirus vaccine.