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KUALA LUMPUR: Local technology players stand to benefit from an improving outlook on automotive sales in Europe and China, says Kenanga research, which reiterated its overweight stance on the sector.
KUALA LUMPUR: The recent tabling of Budget 2020 was not enough to revive confidence in the stock market against the lingering pessimism that could spill over into FY20, says Kenanga research.
KUALA LUMPUR: Affin Hwang Capital Research has upgraded Press Metal from Hold to Buy with a target price of RM5.35, based on a higher 2020 price-to-earnings ratio (PER) target of 33 times.
SINGAPORE: Malaysian palm oil rose for a third consecutive session on Thursday buoyed by ongoing strength in rival oils on the Dalian Commodities Exchange, though a stronger ringgit capped gains
NEW YORK: Oil prices rose about 1% on Thursday after draws in U.S. fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures.
LONDON/NEW YORK: A deal on Britain's departure agreed with the European Union sent sterling to a five-month high on Thursday and hoisted European stocks to a 1-1/2-year peak before doubts about UK parliamentary support brought them back to earth.
From DATUK DR PAUL SELVA RAJ, Chief executive officer, Federation of Malaysian, Consumers Association (Fomca).
MUMBAI: Blackstone Group and Indian developer K Raheja Group have selected more banks for an initial public offering of their joint commercial property portfolio, according to sources.
LONDON: Domino’s Pizza Group Plc, Britain’s biggest pizza delivery company, says it will quit its loss-making international operations, sending shares higher in early trade.