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Airbnb and DoorDash log losses as they ride out pandemic
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, showing demand amid covid surge
AirBnB sales beat estimates even during the pandemic, and expects a rebound in travel this year as Covid-19 vaccines are rolled out.
KLCI climbs on last trading day of February, broader market cautious
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.
Trading ideas: MPI, MRCB, SKP, Genting, Kerjaya Prospek, S P Setia
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.
Aussie Q4 business investment surprisingly jumps
SYDNEY: Australian business investment rose by a larger-than-expected 3% with firms ramping up spending on plant and machinery despite the coronavirus pandemic in a positive sign for the country’s economy.
Asia markets track Wall St record after Powell's soothing words
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.
Ringgit stays flat amid lack of catalysts
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.
Semicon and tech stocks rebound
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.
Quick take: Dayang’s shares fall as 4Q profit slumps 83%
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.
Trading ideas: Genting Plantations, DRB-Hicom, Inari, Aeon, Dayang, Destini
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.
