<div class=newsTextDataWrapInner>KUALA LUMPUR (Jan 5): AmInvestment Bank Research has initiated coverage on Kerjaya Prospek Group Bhd (KPG) with a “Hold” rating at RM4.09 and fair value of RM4.14 based on 14x FY19F EPS, in line with a benchmark forward PE of 13-15x for mid-cap construction listed companies.</div>

<div class=newsTextDataWrapInner>In a note today, the research house projects KPG’s FY18/19 earnings to grow 12%/14% underpinned by: 1) strong outstanding building contracts order book of RM3.2 billion; 2) strong earnings visibility over upcoming years from the sizeable outstanding order book; and 3) its position as a preferred contractor for premium high-rise residential properties with a proven track record, enabling it to continue bidding for building contracts from existing and potential clients.</div>

<div class=newsTextDataWrapInner>“Being a construction player in town in the niche premium high-rise property segment, KPG’s earnings visibility for the upcoming years remains upbeat,” it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>&nbsp;</div>

KUALA LUMPUR (Jan 5): AmInvestment Bank Research has initiated coverage on Kerjaya Prospek Group Bhd (KPG) with a “Hold” rating at RM4.09 and fair value of RM4.14 based on 14x FY19F EPS, in line with a benchmark forward PE of 13-15x for mid-cap construction listed companies.

In a note t...

AmInvestment Research starts coverage on Kerjaya Prospek, fair value RM4.14

Police have identified the male suspect who attacked the Ulu Tiram police station on Friday and confirmed that he has no links to any terrorist groups.

Inspector-General of Police Tan Sri Razarudin Husain clarified that the initial statement of the suspect being a member of Jemaah Islamiyah (JI) was based on his father's involvement with the terrorist group.

IGP: Suspect in Ulu Tiram police station attack not linked to terrorist group

From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.

Of the world’s 20 largest stock markets, 14 have hit all-time highs recently.

From Tokyo to New York, stock markets are on a record-hitting spree around the world

All the suspects remanded on Saturday following the attack at the Ulu Tiram police station early on Friday morning are local citizens, said Inspector-General of Police Tan Sri Razarudin Husain.

Ulu Tiram attack: Seven suspects remanded are locals, says IGP

The Communist Party of Vietnam has nominated police minister To Lam to be state president, the government said on Saturday.

Vietnam nominates top police official To Lam as state president

Maybank and English Premier League club Manchester United have launched their latest co-branded credit card in Indonesia.

In 2023, Maybank and Manchester United announced the extension of their 13-year partnership into Indonesia — adding a fourth Asean country to their existing co-branded products available to customers in Malaysia, Singapore, and the Philippines.

Maybank, Manchester United launch new co-branded credit card in Indonesia

China's agriculture minister is being investigated for suspected violations of law and discipline, the country's anti-graft watchdog said on Saturday.

China probes agriculture minister for suspected disciplinary violations

Sarawak is optimistic that its state revenue will continue to grow over the next two to three years, driven by the state's strong economic performance this year, said Premier Tan Sri Abang Johari Tun Openg.

Abang Johari optimistic Sarawak's revenue will grow in next two to three years

A Russian court has frozen local assets of Germany’s Deutsche Bank AG and Italy’s UniCredit SpA under lawsuits totalling over €1 billion (RM5.1 billion) filed by a Gazprom PJSC venture.

Russia froze Deutsche Bank, UniCredit assets in Gazprom JV case

The Madrid Court of Appeal has upheld the contempt of court conviction and sentence of arbitrator Gonzalo Stampa in the Sulu claimants case against Malaysia.

Sulu case: Madrid Court of Appeal upholds Stampa's conviction, sentence, says Azalina

Canada is examining whether it needs to raise tariffs on Chinese-made electric vehicles (EVs) after the White House announced major new levies on them, Trade Minister Mary Ng said.

Canada is looking at EV tariff policy after Biden’s move against China

Berjaya Asset Bhd (KL:BJASSET) on Saturday officially launched Times Square 2, a luxury serviced apartment development located next to Berjaya Times Square in Jalan Imbi, Kuala Lumpur.

Berjaya Asset officially launches Times Square 2

Genting Singapore has confirmed its interest in developing an integrated resort (IR) development in the United Arab Emirates (UAE), as per its executive chairman Tan Sri Lim Kok Thay’s comments to shareholder queries at the gaming group’s annual general meeting (AGM) last Friday.

Genting Singapore keen on UAE casino resort development

Seven individuals, including a Singaporean, were remanded for seven days from Saturday until May 24, to assist in the investigation into the attack on the Ulu Tiram police station, early on Friday morning.

Ulu Tiram police station attack: Singaporean among seven remanded

The suspect killed in the attack at the Ulu Tiram police station, here on Friday, was believed to have acted alone, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Suspect in Ulu Tiram police station attack acted alone, says Saifuddin Nasution

The Madrid Court of Appeal has upheld the contempt of court conviction and sentence of arbitrator Gonzalo Stampa in the Sulu claimants case against Malaysia.

Two men were arrested on Friday for attempting to trespass into Istana Negara.

In a statement on Friday, Kuala Lumpur police chief Commissioner Datuk Rusdi Mohd Isa said a police officer had stopped a Perodua Kembara vehicle that had attempted to enter Gate 3 of Istana Negara with the passengers intending to meet the King.

Two men arrested for attempting to trespass into Istana Negara

Home Minister Datuk Seri Saifuddin Nasution Ismail has given his assurance that the Jemaah Islamiyah (JI) movement in the country is still under control.

Saifuddin Nasution: Jemaah Islamiyah movement in Malaysia still under control

Maybank and English Premier League club Manchester United have launched their latest co-branded credit card in Indonesia.

In 2023, Maybank and Manchester United announced the extension of their 13-year partnership into Indonesia — adding a fourth Asean country to their existing co-branded products available to customers in Malaysia, Singapore, and the Philippines.

Crypto lender Genesis Global received court approval on Friday to return about US$3 billion (RM14.06 billion) in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery from the bankruptcy.

Crypto lender Genesis to return US$3b to customers in bankruptcy wind-down

A Russian court has frozen local assets of Germany’s Deutsche Bank AG and Italy’s UniCredit SpA under lawsuits totalling over €1 billion (RM5.1 billion) filed by a Gazprom PJSC venture.

Sarawak is optimistic that its state revenue will continue to grow over the next two to three years, driven by the state's strong economic performance this year, said Premier Tan Sri Abang Johari Tun Openg.

Canada is examining whether it needs to raise tariffs on Chinese-made electric vehicles (EVs) after the White House announced major new levies on them, Trade Minister Mary Ng said.

Spot silver surpassed US$30 an ounce to hit the highest level in more than a decade.

The precious metal closed 6.5% higher at US$31.49 an ounce Friday, the highest since February 2013. It has soared 32% this year, outpacing gold and making it one of the year’s best-performing major commodities.

Spot silver tops US$30 an ounce to hit highest since 2013

China's agriculture minister is being investigated for suspected violations of law and discipline, the country's anti-graft watchdog said on Saturday.

All the suspects remanded on Saturday following the attack at the Ulu Tiram police station early on Friday morning are local citizens, said Inspector-General of Police Tan Sri Razarudin Husain.

If the past three years have taught us anything, it is that low inflation cannot be taken for granted.

Trump’s Plans for the Fed Would Revive 1970s-Style Inflation The New Global Economy

Singapore will resume flying its F-16 fleet after suspending training when one of the jets crashed earlier this month, the defence ministry on Saturday.

Singapore to resume flying F-16 jets after crash this month

From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.

Of the world’s 20 largest stock markets, 14 have hit all-time highs recently.

If an exciting race, a packed crowd with A-list bristle, and a surprise winner was the happening event Formula One needed in America, then the Miami Grand Prix delivered in spades. But that’s not all a scorching afternoon in the Florida sunshine achieved; it also added fuel to the “end of empire” feeling about Red Bull’s domination of the sport.

Business of Sports: Bull market correction is a gain for F1

Police have identified the male suspect who attacked the Ulu Tiram police station on Friday and confirmed that he has no links to any terrorist groups.

Inspector-General of Police Tan Sri Razarudin Husain clarified that the initial statement of the suspect being a member of Jemaah Islamiyah (JI) was based on his father's involvement with the terrorist group.