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KUALA LUMPUR: Kenanga Investment Bank Research is retaining its market perform for DRB-Hicom with a lower sum-of-parts (SOP) target price of RM2 compared with RM2.35 earlier as it revised its SOP and reduced the target price for Pos Malaysia.
KUALA LUMPUR: The Monetary Policy Committee (MPC) of Bank Negara Malaysia has decided to maintain the Overnight Policy Rate (OPR) at 3% as it remains upbeat on the economy which is expected to expand faster than earlier expected.
PETALING JAYA: Stock market indices provider FTSE Russell retained Malaysian bonds on its FTSE World Government Bond Index (WGBI) watch list with the next review due in March next year.
PETALING JAYA: Bank Negara’s international reserves fell by US$500mil to US$102.3bil as at May 31, 2019 from two weeks prior.