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FKLI Immediate Support 1,400 Points : RHB Research

Yesterday, the FKLI plunged 20.50 points from Tuesday’s session to close at 1,419 points – a level last seen on 20 May 2020, RHB...

RHB Has An Overweight Call On The Banking Sector With Hong Leong Bank And Malayan Banking

RHB has an “Overweight” call on the Banking sector with its preferred picks being Hong Leong Bank (HL Bank), AMMB Holdings and Malayan Banking. RHB...

Investors Likely To Turn Their Attention To Banking Consumer And Food Relate Activities

Investors are likely to turn their heads to banking, consumer, and food-related counters with the technology sector that may see buying interest after Nasdaq...

FSMONE Malaysia Positive That Investment Opportunities Are Abound in The Current Market

FSMOne Malaysia, a multi-asset investment platform today assured Malaysian investors that unit trusts are still a relevant and viable option that can help them...

BNM Raises OPR By Another 25 BPS To 2.25%

 Bank Negara Malaysia decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 2.25 percent. The ceiling and floor rates of...

Bursa Malaysia Onboards Malacca Securities As First Islamic Shariah Discretionary Trading

Bursa Malaysia has onboarded Malacca Securities Sdn Bhd (“Malacca Securities”) as the first Islamic Participating Organisation (“Islamic PO”) to offer Shariah Discretionary Trading (“Shariah...

Total Trade With Italy In The First Four Months Increased 30% To US1.5 Billion

Malaysia’s total trade with Italy in the first four months of 2022 has increased by almost 30 percent to about US1.5 Billion compared to...

Malaysian Poultry Breeders Warn Of Dire Consequences On Singapore Export Ban

Malaysia’s poultry industry players have urged the government to lift the chicken export ban, or they will lose out on the Singapore market.  They also stressed...

HSS Engineers Secures RM16.6 million VO Works For East Coast Rail Link

Engineering and project management consultant HSS Engineers Bhd announced that its unit HSS Integrated Sdn Bhd (HSSI) had been awarded an RM16.6 million Variation...

Ideal Capital Bhd’s RM475.359 Million Acquisition Of Land In Penang Is For A Strategic Intent

Ideal Capital Bhd’s 70% owned subsidiary Lesari Duta Sdn Bhd and Mujjur Sinnarjaya SdnBhd  acquired 17 parcels of freehold land of RM475.359 million. The purchase...

UMedic Launches Prospectus With Listing Expected On July 26 2022

UMediC Group Berhad (“UMC”) has launched the prospectus today for its initial public offering (“IPO”) in conjunction with its listing on the ACE Market...

AmBank And Sime Darby Property Launch Green Financing For Home Buyers

AmBank Group (“AmBank”) and Sime Darby Property Bhd signed a Memorandum of Understanding (“MoU”) to offer homebuyers a new sustainable financing option for the...

55.12% of 402 Poultry Companies Profitable But 30 Companies Filed Losses Greater Than RM1 Million

According to a survey carried out by the Malaysia Global Business Forum (MGBF) on the Malaysia Poultry Ecosystem said that out of the 402...

MIDF Has A “Neutral” Call On Property Sector With Mah Sing and IOI Properties As Stock Picks

MIDF Research has maintained a “Neutral” call on the property sector adding that it sees tepid outlook for property companies as consumer sentiment may...

Gaming And Tourist Revival Bodes Well For Genting

RHB Research has maintained a “Buy” recommendation for Genting Bhd with a target price of RM3.45. It said that it has maintained a “buy” call...

RHB Research Revises Year End FBMKLCi Target to 1,580 Points From 1,670 Points Due To Uncertainity

RHB Research has revised year end FBMKLCI target to 1,580 points from 1670 points after ascribing a lower 15x)from 16x) P/E to FY23 EPS...

Nasdaq Rebound Likely To Spill-Over In The Local Front

The strong Nasdaq rebound is likely to spill over to the tech sector in the local front, Malacca Securities said in a note. It said...

Khazanah In Perfect Position To Embark On Advancing Malaysia’s Strategic Initiative

 Prime Minister Datuk Seri Ismail Sabri Yaakob has expressed confidence that the national sovereign wealth fund, Khazanah Nasional Bhd, is now perfectly positioned to...

Hap Seng Consolidated Sale Of Credit Business Is Fair And Reasonable:

The proposed disposal of 50,000, 001 ordinary shares representing 100% of the issued and paid-up capital of by HS Credit (Birmingham) Ltd (HCBL) by...

Singapore Retail Sales Rise 17.8% in May, Up From Low Base In 2021

Singapore's retail sales in May rose 17.8 per cent year-on-year, extending the 12.1 per cent increase in April, according to figures released by the Department...

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