Asian stocks sink after Wall St losses on economy worries

BEIJING (AP): Asian stock markets followed Wall Street lower Friday (July 10) on worries economic recoveries might fade as coronavirus cases increase in the United States and some other countries.

UOB Kay Hian Research sees stock market consolidating in 3Q

KUALA LUMPUR: UOB Kay Hian Malaysia Research expects the stock market to move into a consolidation mode following a spectacular recovery into a bull territory from a global Covid-19 outbreak-induced bear market.

Matrix Concepts earnings up on record revenue

PETALING JAYA: Matrix Concepts Holdings Bhd’s net profit for the financial year ended March 31,2020, rose 7.3% to RM234.30mil.

Lenders require Covid-19 mitigation plans

KUALA LUMPUR: Banks are putting in place a new credit assessment methodology before granting any facility to borrowers, according to Bank Simpanan Nasional Bhd (BSN) chief business officer Mujibburrahman Abdul Rashid.

Europe’s next big rescue idea: Public stakes in small firms

China calls for joint development in AI to reduce risk of technology gap between rich and poor countries

China’s AI industry continues to grow, with core activities in the sector valued at US$7bil and the number of AI enterprises exceeding 2,600 at the end of 2019. The conference attracted executives from nearly 500 companies and institutions, including US firms Intel, Tesla, Microsoft and Nvidia, as well as scientists and scholars.

Matrix Concepts posts RM234.3mil net profit in FY20

KUALA LUMPUR: Matrix Concepts Bhd recorded a net profit of RM234.3mil in its 2020 financial year ended March 31, 2020, a 7.3% increase over the previous year on the back of improved contribution from its residential and industrial properties.

Stay nimble in O&G sector trading, says Kenanga

KUALA LUMPUR: When it comes to oil and gas stocks, Kenanga Investment Bank Research is not in favour of a bargain-hunting strategy, especially for long-term investors.

Consumer spending expected to remain cautious in 2H

KUALA LUMPUR: Domestic Consumption is expected to remain soft in the second half of the year although it could slowly pick up from the government's stimulus packages, low interest rates and expectations of a consumer-friendly Budget 2021, says Kenanga Investment Bank Research.

Asian stocks set to rise as focus swings to recovery prospects

NEW YORK: Asian stocks were expected to rise on Thursday, as hopes of a robust economic recovery offset concerns over flare-ups in the coronavirus pandemic, and as investors looked ahead to earnings season.