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Nurul Huda

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Markets

Bursa Ends On Mixed Note Ahead Of CNY Long Weekend

Nurul Huda -
Bursa Malaysia ended mixed on a lack of fresh leads amid a quiet market ahead of the Chinese New Year long weekend. At 5pm, the...
Markets

Foreign Exchange Rates Feb 8, 2024

Nurul Huda -
The closing Foreign Exchange rates (from Maybank) as at 5pm, Feb 8 are as presented below: CurrencyBank sellTT/ODBank buy(TT)Bank buyOD1 US DOLLAR4.82804.69404.68401 AUSTRALIAN DOLLAR3.17103.04603.03001 BRUNEI...
Markets

Analysts Split On Carlsberg’s Outlook; Weak 4Q And Strong Demand (Updated)

Nurul Huda -
Carlsberg Brewery Malaysia Bhd's (Carlsberg) 4Q23 results missed Maybank Investment Bank's (Maybank IB) expectations on higher-than-expected operating expenses. Consequently, the research house cuts its FY24E and...
Markets

Maybank IB Raises MNRB’s Forecasts, Target Price As 3Q Results Beat Expectations

Nurul Huda -
Maybank Investment Bank (Maybank IB) raised its forecasts and Gordon Growth Model (GGM)-derived target price (TP) to RM1.70 from RM1.40 for MNRB Holdings Bhd,...
Markets

Bursa Slightly Higher At Midday

Nurul Huda -
Bursa Malaysia ended Thursday's morning trading session slightly higher amid quiet trading ahead of the Chinese New Year long weekend. At 12.30pm, the FTSE Bursa...
Markets

RHB IB Initiates Coverage For Focus Point With BUY Rating, RM1.02 Target Price

Nurul Huda -
RHB Investment Bank (RHB IB) has initiated coverage for Focus Point Holdings Bhd with a BUY rating of 70 sen and discounted cash flow (DCF)-derived...
Markets

Velesto Expected To Deliver Strong Results In 4Q23F, 1Q24F: CGS-CIMB

Nurul Huda -
Velesto Energy Bhd is expected to deliver strong results in 4Q23F and 1Q24F as its utilisation rates to rise above 90%, CGS-CIMB said. Consequently, the...
Markets

KLCCP’s Outlook Promising, Surpasses Pre-Covid Days; Kenanga Raises TP

Nurul Huda -
KLCCP Stapled Group Bhd's outlook promising for the upcoming quarters, with businesses now surpassing pre-pandemic levels, according to Kenanga Research. "Year-on-year (YoY), its retail footfall...
Business

LFE Corp’s Unit Secures Earthworks Job From Puncakcity For RM11 Million

Nurul Huda -
LFE Corporation Bhd's (LFE) unit, LFE Engineering Sdn Bhd, had accepted a letter of award today (Feb 7) from Puncakcity Development Sdn Bhd (PDSB)...
Business

YTL Hospitality REIT Acquires Syeun Hotel In Ipoh For RM55 Million

Nurul Huda -
YTL Hospitality Real Estate Investment Trust (YTL REIT) is acquiring Syeun Hotel, a leasehold land measuring 4,539 sq m in Ipoh, as well as...
Markets

Bursa Malaysia’s Feb 7, 2024 Top Gainers And Losers

Nurul Huda -
Decliners led advancers 554 to 384 on the broader market, while 465 counters were unchanged, 857 untraded, and 10 others suspended. Top Gainers NOSTOCK NAMESTOCK CODELAST...
Markets

Bursa Ends On Mixed Note Due To Lack Of Fresh Leads

Nurul Huda -
Bursa Malaysia ended mixed on a lack of fresh leads on Wednesday amid a quiet market ahead of the Chinese New Year long weekend. At...
Markets

Foreign Exchange Rates Feb 7, 2024

Nurul Huda -
The closing Foreign Exchange rates (from Maybank) as at 5pm, Feb 7 are as presented below: CurrencyBank sellTT/ODBank buy(TT)Bank buyOD1 US DOLLAR4.82704.69304.68301 AUSTRALIAN DOLLAR3.17103.04503.02901 BRUNEI...
Markets

Research Houses Mixed On Hartalega’s Recovery; Most Expect Tough Road Ahead (Updated)

Nurul Huda -
Research houses have mixed opinions on the outlook and prospects for glovemaker Hartalega Holdings Bhd, as it is facing challenges in its journey to...
Markets

Bursa Lower At Midday

Nurul Huda -
Bursa Malaysia ended Wednesday's morning session lower, with the key index approaching the 1,500 psychological mark amid a quiet market ahead of the Chinese...
News

Maybank IB Neutral On KLK’s Deal For KSN’s Stake; Keeps HOLD Call

Nurul Huda -
Maybank Investment Bank (Maybank IB) is neutral on Kuala Lumpur Kepong Berhad's (KLK) latest deal to buy up the remaining 4.57% equity shares in KLK...
Editor's Choice

Genetec Reaffirms Positive Outlook; CGS-CIMB Reiterates ADD Call

Nurul Huda -
Genetec Technology Bhd's management reaffirmed positive outlook as management guides for a strong orderbook replenishment pipeline of more than RM600 million for its electric...
Markets

Kenanga Upbeat On SLP Resources’ Outlook On Pick-Up In Exports, Prospect For Buyer

Nurul Huda -
Kenanga Research feels slightly upbeat on SLP Resources Bhd's outlook as its exports to Japan has picked up and it is close to securing...
Business

Cloudpoint Acquires 75% Stake In Unique Central Group For RM27 Million

Nurul Huda -
Cloudpoint Technology Bhd has entered into a binding term sheet for the acquisition of 75% equity interest each in Unique Central Sdn Bhd and...
business

Awantec Partners With UK-Based Sage To Distribute Cloud-Based ERP Software

Nurul Huda -
AwanBiru Technology Bhd (Awantec) today has entered into a partner agreement with UK-based Sage Group plc (Sage) for the distribution of the latters's cloud-based...
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