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In their first financial results as publicly traded companies, Airbnb and DoorDash logged losses as pandemic circumstances battered their business models.
AirBnB sales beat estimates even during the pandemic, and expects a rebound in travel this year as Covid-19 vaccines are rolled out.
KUALA LUMPUR: Some mild buying of blue chips helped the FBM KLCI extend its rebound early Friday but the tech sell-off on Wall Street and weaker Asian markets weighed on the broader market.
KUALA LUMPUR: Stocks to watch on Friday include Malaysian Pacific Industries Bhd (MPI), Malaysian Resources Corp Bhd, SKP Resources Bhd, Genting Bhd, Kerjaya Prospek Group Bhd and S P Setia Bhd, according to JF Apex Research.
HONG KONG (AFP): Another Federal Reserve reassurance it would not hike interest rates until absolutely necessary buoyed Asian markets Thursday (Feb 25), while traders were also taking heart from more positive developments on the vaccine front.
KUALA LUMPUR: After closing marginally higher on Wednesday, the ringgit was traded almost unchanged against the US dollar on Thursday morning due to lack of market catalysts to drive the local currency further.
KUALA LUMPUR: Semiconductor and tech-related stocks led the stock higher in early Thursday trade after the broad selloff the previous day as investors sentiment perked up on the firmer overnight Wall Street close.
KUALA LUMPUR: Shares in Dayang Enterprise Holdings Bhd fell marginally after reporting a 83% slump in its net profit in the fourth quarter ended Dec 31, 2020.
KUALA LUMPUR: Genting Plantations Bhd, DRB-Hicom Bhd, Inari Amertron Bhd, Press Metal Aluminium Holdings Bhd, Aeon Co (M) Bhd, Dayang Enterprise Holdings and Destini Bhd are among the stocks to watch on Thursday, according to JF Apex Research.