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KUALA LUMPUR: The recent tabling of Budget 2020 was not enough to revive confidence in the stock market against the lingering pessimism that could spill over into FY20, says Kenanga research.
KUALA LUMPUR: Affin Hwang Capital Research has upgraded Press Metal from Hold to Buy with a target price of RM5.35, based on a higher 2020 price-to-earnings ratio (PER) target of 33 times.
SINGAPORE: Malaysian palm oil rose for a third consecutive session on Thursday buoyed by ongoing strength in rival oils on the Dalian Commodities Exchange, though a stronger ringgit capped gains
JOHOR BARU: Labuan island is well known as an offshore financial centre and tax heaven but a local syndicate has used it to scare a local businessman into paying thousands of ringgit.
KUALA LUMPUR: Blue chips closed off their intra-day low on Thursday, underpinned by gains in Sime Plantation and IOI Corp as crude palm oil (CPO) prices inched up.
KUALA LUMPUR: Investors turned to profit-taking on the domestic market after a brief advance in the early morning session, on the back of strong gains in the previous session.
KUALA LUMPUR: The ringgit opened higher against the US dollar on renewed interest from investors after the US retail sales showed a negative data figure, a dealer said.
SINGAPORE: Malaysian palm oil futures rose over 1.5% on Wednesday after the government said it will import more products from top palm buyer India in a bid to mend relations following a row over Kashmir.
PETALING JAYA: Cross-industry leakages and smuggling of subsidised fuel will continue even with the targeted fuel subsidy scheme kicking in next year, says the Petrol Dealers Association of Malaysia (PDAM).
KUALA LUMPUR: Fund buying of key stocks Petronas Gas, IOI Corp, Hong Leong Bank and Digi underpinned the FBM KLCI advance on Wednesday, in line with the firmer key Asian markets despite worrries about the volatile US-China ties.