Markets

CapitaLand Malaysia Looking To Divest Struggling Malls

Maybank highlights some key notes from its meeting with Capitaland Malaysia management and noted that rental reversions remained positive in FY23, acquisition focus is shifting towards industrial/logistics, aims to...

GoTo Better Off Going Solo: Maybank IB

Maybank IB say it views GOTO’s FY23 results as positive with revenue in line with forecast, and adjusted EBITDA beat. GOTO achieved its 4Q23 adjusted EBITDA target (4Q23: IDR72b,...

U.S. Stock Futures Edge Lower As Hawkish Waller Cools...

U.S. stock index futures fell slightly in evening deals on Wednesday after hawkish comments from Federal Reserve Governor Christopher Waller saw markets run out of steam, following a strong...

Amway, Nestle Tops Gainers While MPI, HTPADU Delivers Some...

On the broader market, losers outpaced gainers 645 to 422, while 450 counters were unchanged, 821 untraded, and 74 others suspended. Top Gainers NOSTOCK NAMESTOCK CODELAST DONECHGVOL ('00)1AMWAY 63517.360+0.3401,0462NESTLE 4707118.200+0.3001,0373GESHEN71973.500+0.2506,9104AIRPORT50149.870+0.240125,3255VITROX 00977.620+0.2402,849 Top Losers NOSTOCK NAMESTOCK CODELAST...

Bursa Ends Lower Amid Downbeat Market Sentiment

Bursa Malaysia closed lower on Wednesday as the short-term market sentiment remains jittery amid the uncertain global performance, said an analyst. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI)...

Property

Slight Uptick In S’pore’s Resale Condo Prices, Sales In...

Resale condo volume and prices in Singapore saw only a slight uptick in February, attributed to Chinese New Year festivities. Despite the sluggish start to 2024, analysts remain optimistic about...

Johor Home Prices Up 6.2% Driven By RTS Link...

A key catalysts that is proving to be driving interest into Johor's property market is the upcoming development of RTS, according to iProperty Malaysia the Rapid Train System Link,...

Global Luxury Residential Market Unshaken By Interest Hikes

According to The Wealth Report, Knight Frank’s flagship research report – prime residential prices surprised on the upside in 2023. Of the 100 markets tracked in Knight Frank’s Prime...

News

22 Companies To Set Up Recruitment Counter At Goodyear Factory

22 companies will set up job offer counters at multinational tyre manufacturer Goodyear’s factory in Shah Alam from April 22 to April 26 to...

Is It Time To Short USD, JPY?

The recent surge in USD/JPY to levels unseen since 2022 underscores a broader trend of strength in the US dollar against the Japanese yen....

Will June Be The Month Fed, BOE, ECB Cut Rates?

The Bank of England (BoE), US Federal Reserve (Fed) and European Central Bank (ECB) have all kept rates on hold this month. And, following...

PNB Distributes RM2 Billion Dividend To ASB 2, ASM Members With Returns Higher Than FD

Unit trust management company wholly owned by Permodalan Nasional Berhad, Amanah Saham Nasional Berhad has declared the total amount of income distribution for financial...

Ex-PM Muhyiddin Seeks Leave From Review Made By Panel That Reinstated Abuse Of Power Charges

Former prime minister Tan Sri Muhyiddin Yassin has filed an application seeking leave from the Court of Appeal to review the decision made by...

Two Years Since First US Rate Hike, So, Are We Out Of The Woods Yet?

Eastsprings Nupur Gupta, Portfolio Manager, Multi Asset Portfolio Solutions Team, discusses the Federal Reserve’s hiking cycles, the impact of monetary policy on the economy,...

2 More Deaths Reported Over Japan’s Cholesterol Lowering Supplements

A Japanese drugmaker whose dietary supplements are at the centre of a growing health scare reported on Thursday (Mar 28) two more deaths potentially...

Gamuda’s 1H Revenue Nearly Doubles To RM6.2 Billion As Overseas Jobs Kick In

Gamuda Berhad released its Q2 results where revenue rose 53% to RM3.4 billion whilst quarterly net profit rose 7% to RM209 million, the group...

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Trade

Palm Oil Price Rebound In 1Q24 Unlikely To Sustain:...

Malaysian benchmark crude palm oil (CPO) spot prices have risen through 1Q24 to above...

Fiscal Reforms Necessary To Ensure Economy Remains Sustainable: Anwar

The government needs to implement fiscal reforms to ensure the Malaysian economy remains on...

HSBC Launches US$1 Billion Fund For Six-Highest Growth Economies...

HSBC has launched a USD1 billion ASEAN Growth Fund in Southeast Asia, where it...

Malaysia’s Export – Import Prices Returns To A Positive...

Malaysia’s export prices in February 2024 rose by 0.1 per cent from 147.2 points...

Selangor Records RM39 Billion In DDI, Almost 70% Of...

The Selangor state recorded a total of RM39 billion in domestic direct investment (DDI)...

Kenanga Forecast CPI At 2.7% Amid Indicators Pointing To...

After plateauing at 1.5% YoY for three consecutive months, headline inflation surprised on the...

LI Up By 3.2% In January Pointing To Sturdier...

According to the Department of Statistics, the annual change of the Leading Index (LI)...

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