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KUALA LUMPUR: CGS-CIMB Equities Research is maintaining its Overweight stance on glovemakers, with Hartalega and Top Glove as its top picks as it expects global demand to remain robust.
PETALING JAYA: AirAsia Group Bhd has posted a revenue of RM443mil for its third quarter ended Sept 30, representing a 272% increase compared to the preceding quarter but a decline of 86% year-on-year (y-o-y).
KUALA LUMPUR: CGS-CIMB Equities Research expects Mynews to record sequentially stronger quarters.
KUALA LUMPUR: RHB research believes the selldown in Leong Hup International Bhd's shares could have been overdone as it is now trading at a steep 35% discount to the regional average.
KUALA LUMPUR: Kenanga research has downgraded Aeon Co (M) Bhd to market perform as 1H19 earnings came in below expectations.
KUALA LUMPUR: Affin Hwang Capital research has maintained its sell call on Hartalega Holdings Bhd with a lower target price of RM3.70 from RM4.10 previously as 1QFY20 results came below expectations.
KUALA LUMPUR: Sunway Bhd’s 1Q19 core net profit was broadly in line at 23% of CIMB Equities Research and consensus full-year estimates.
KUALA LUMPUR: CIMB Equities Research expects glove maker Kossan Rubber Industries Bhd to record stronger quarters ahead, with full contribution from Plants 16 and 17 (1.5 billion pieces per annum capacity) which were fully commissioned in August and November, respectively.
KUALA LUMPUR: CIMB Equities Research expects nitrile glove maker Hartalega to record stronger quarters ahead in tandem with the rollout of new capacity.