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UOB Kay Hian Research keeps buy call on Top Glove, lower TP RM7.60
KUALA LUMPUR: UOB Kay Hian Malaysia Research is retaining its Buy call on Top Glove Corporation Bhd with a lower target price of RM7.60 from RM10.40, which is independent of the listing in Hong Kong, as it rolls over its valuations to CY22.
Summary of business news from Feb 22 to 28
Highlights of last week’s stories – Genting, AirAsia, telecommunications, AMMB
China's first 1-dose Covid-19 vaccine rolls out; 500m people can be inoculated a year
China's first Ad5-nCoV Covid-19 vaccine was rolled out on Friday (Feb 26). One of the developers of the single-dose vaccine said that the annual production capacity can reach 500 million doses, which means 500 million people can be vaccinated in a year.
Tesla's Musk says U.S. factory closed for two days due to parts shortages
(Reuters) - Tesla Chief Executive Officer Elon Musk said the electric vehicle company's Fremont, California plant shut down for two days this week due to "parts shortages" and had reopened on Wednesday.
India's health workers balk at taking homegrown COVID-19 vaccine
NEW DELHI (Reuters) - India is struggling to convince its health and front-line workers to take a homegrown COVID-19 vaccine controversially approved without late-stage efficacy data, government data showed https://dashboard.cowin.gov.in on Thursday, days ahead of a wider roll-out.
Inari Q2 net profit up two-fold to RM90.1mil
KUALA LUMPUR: Despite higher foreign exchange losses, Inari Amertron Bhd’s (Inari) net profit jumped more than two-fold to RM90.09mil for the second quarter ended Dec 31 from RM37.48mil a year ago driven by higher revenue in the radio frequency (RF) business, and recognition of deferred tax assets.
Denso investing RM160mil in auto chips
KUALA LUMPUR: Japan’s Denso Corp is investing RM160mil to expand the production capacity of its automotive semiconductors in Malaysia.
Perodua earmarks RM1.2bil for capex this year
RAWANG: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is allocating RM1.2 billion for capital expenditure (capex) this year.
Denso Malaysia invests RM160m in advanced semicon production
KUALA LUMPUR: Japan’s Denso Corporation is investing RM160mil to expand the production capacity of its automotive semiconductors in Malaysia.
Sound strategy for global virus fight
BEIJING: “It took only 15 minutes from registration to getting the shot, ” said Li, a resident of Dongcheng District in Beijing.
