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TOKYO: Mitsubishi UFJ Financial Group Inc (MUFG), Japan's largest lender by assets, said on Tuesday its first-quarter net profit more than halved as credit-related costs ballooned due to the coronavirus pandemic.
PETALING JAYA: Lotte Chemical Titan Holding Bhd (LCTH) is likely to be profitable in the second half of this year (2H20) given the product spread is still healthy and profitable for the group, Maybank IB Research said.
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PETALING JAYA: Banks will focus on targeted assistance upon the expiry of the loan moratorium in September, whereby the moratorium will only be offered to borrowers needing financial assistance, according to CGS-CIMB Equities Research.
KUALA LUMPUR: UOB Kay Hian Malaysia Research is retaining its Hold call for Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) as it lowered the target price from 40 sen to 37 sen.
KUALA LUMPUR: Banks will focus on targeted assistance upon the expiry of the loan moratorium in September whereby moratorium will only be offered to borrowers needing financial assistance, according to CGS-CIMB Equities Research.
PETALING JAYA: UOB Kay Hian Research has upgraded the 2020 earnings forecasts for plantation companies on the back of a strong recovery in the crude palm oil (CPO) price.
BANGKOK: Thailand and Taiwan may be added to the US watchlist for currency manipulation after meeting all of the criteria set out by the Treasury Department, according to UBS Group AG.
KUALA LUMPUR: Bank Negara's international reserves rose US$600mil to US$104bil as at July 15 from two weeks earlier