<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 22): CIMB IB Research has maintained its “Add” rating on Inari Amertron Bhd at RM2.83 with a higher target price (TP) of RM3.10 (from RM2.75) and said Inari's 1QFY6/18 core net profit was in line at 24% of house FY6/18 forecast, but ahead of Bloomberg consensus’ estimates at 27% of their full-year.</p></div>

<div class=newsTextDataWrapInner><p>In a note Nov 21, the research house said Inari’s core net profit grew 51% yoy in 1QFY18 due to higher RF component shipment volumes and new sales contribution from its iris scanner and mixed signal tester.</p></div>

<div class=newsTextDataWrapInner><p>“Inari declared a first interim DPS of 2.3 sen, in line with our expectation.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Maintain Add with a higher RM3.10 TP as we roll forward our valuation to CY19F.</p></div>

<div class=newsTextDataWrapInner><p>“Stronger RF content growth in smartphones, higher dividend payout and better earnings performance from IIS and IOT are potential re-rating catalysts,” it said.</p></div>

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KUALA LUMPUR (Nov 22): CIMB IB Research has maintained its “Add” rating on Inari Amertron Bhd at RM2.83 with a higher target price (TP) of RM3.10 (from RM2.75) and said Inari's 1QFY6/18 core net profit was in line at 24% of house FY6/18 forecast, but ahead of Bloomberg consensus’ estimates at 27%...

CIMB IB Research keeps Add on Inari, raises target to RM3.10 

Ferrari NV’s first-quarter earnings rose as the Italian manufacturer benefited from selling pricey supercars like the €2 million (RM10.2 million) Daytona SP3.

Ferrari earnings climb on demand for its most expensive models

KUALA LUMPUR (May 7): More than 98% of total manufacturing projects approved in 2023 have been implemented or are in the planning stage as of May 5, said the Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz on Tuesday.

According to the Ministry of Inve...

Zafrul: Over 98% manufacturing projects approved in 2023 implemented, in planning

Telecommunication tower company (towerco) OCK Group Bhd has entered into a 15-year tower leasing agreement with Best Telecom Co Ltd, marking its entry into Laos, where Best Telecom plans to launch their 5G network by the end of the year.

OCK marks entry into Laos with a 15-year tower leasing deal with Best Telecom

PUTRAJAYA (May 7): The Malaysian Anti-Corruption Commission (MACC) has revealed that the nation incurred losses totalling RM277 billion as a result of corruption over the past five years.

Malaysia suffered RM277b in loss over five years up to 2023 due to corruption — MACC

Walt Disney Co reported a fiscal second-quarter profit that beat estimates, thanks to sharply narrower losses in its streaming TV business and higher ticket prices at theme parks.

Disney reports lower streaming TV loss, boosts profit outlook

Insurance comparison platform BJAK says it acknowledges the "issues" raised by the Road Transport Department (JPJ) and is actively working with the authority to address them.

BJAK acknowledges issues raised by JPJ, says actively working to address them

KUALA LUMPUR (May 7): Shares of construction crane manufacturer Favelle Favco Bhd closed at its all time high on Tuesday, after the group clinched four contracts for the supply of offshore and tower cranes.

Favelle Favco shares hit new high on RM39.2 mil contract wins

AmBank Group said on Tuesday it has extended its financing facilities under the SME Portfolio Guarantee Scheme worth RM400 million as part of the ongoing collaboration between the banking group and the Credit Guarantee Corp Malaysia Bhd (CGC).

AmBank, CGC allocate additional RM400 mil for SMEs financing

The early voting process for the Kuala Kubu Baharu state by-election concluded on Tuesday after two polling centres set up for the early voters were closed at 5pm.

KKB polls: Both early voting centres closed at 5pm

The Philippines is looking to raise as much as US$2 billion (RM9.5 billion) from a two-part dollar bond sale on Tuesday, its first trip to the international market this year, according to Finance Secretary Ralph Recto.

Philippines eyes US$2b in its first global bond this year

<p>Malaysia’s FBM KLCI climbed to a two-year high on Tuesday as gains of consumer and banking stocks extended the benchmark index’ rally to its fourth straight day.</p>


KLCI closes at fresh two-year high as rally extends into fourth straight day

<p>“Black Swan” fund manager Mark Spitznagel said investors should avoid chasing the market or making decisions based on short-term US Federal Reserve (Fed) moves.</p>


Report: 'Black Swan' fund manager Mark Spitznagel expects worst stock market crash since 1929

<p>Investment analysts have valued Main Market-bound Feytech Holdings Bhd at between 95 sen and RM1.13.</p>


Analysts value Main Market-bound Feytech at between 95 sen and RM1.13

<p>Initial public offerings on Bursa Malaysia have largely delivered share price gains, offering hope to other companies seeking to raise funds while providing confidence to investors to bet on new listings.</p>


Bursa Malaysia's 2023 IPOs largely deliver gains without major exits

<p>KUALA LUMPUR (May 7): A 47-year-old was confirmed dead while a 26-year-old man suffered serious injuries when a huge tree came crushing down on 17 vehicles along Jalan Sultan Ismail, just outside the Concorde Hotel, during a thunderstorm and heavy rain, at about 2.19pm here Tuesday.</p>

<p>Apa...

One killed, another hurt after fallen tree smashes into cars, monorail track in KL

<p>Sime Darby Plantation Bhd (SDP) is making a foray into green industrial park, starting with the proposed development of the Kerian Integrated Green Industrial Park (KIGIP) in Perak.</p>


Sime Darby Plantation to co-develop Kerian Integrated Green Industrial Park with PNB

<p>Investors should be prepared for a recession with the potential to send the stock market plummeting this year, according to top forecaster Gary Shilling.</p>


Market veteran says US will see a recession by year end that could spark 30% drop in stock market — report

<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


SC adds one entity to Investor Alert List

<p>Prime Minister Datuk Seri Anwar Ibrahim will meet with Petroliam Nasional Bhd (Petronas) this week to discuss the national oil company's project with Saudi Aramco at the Pengerang Integrated Complex (PIC) in Johor.</p>


Anwar to meet with Petronas to discuss project in Pengerang

<p>Malaysian stocks hit RM2 trillion in market capitalisation for the first time ever on Tuesday thanks to broad gains in blue chip stocks and a slew of new listings.</p>


Malaysian stocks’ market capitalisation reaches historical high of RM2 tril

<p>The Federal Court on Tuesday ruled that it is not intervening with the High Court’s decision in not allowing businessman Ricky Wong Shee Kai to come back to Malaysia’s jurisdiction should he want to participate in civil court proceedings against him and his mother and Wong SK Holdings Sdn Bhd following an action by the Securities Commission Malaysia.</p>


Federal Court will not intervene in Ricky Wong's High Court decision for him to be physically present in civil proceedings

<p>Bursa Malaysia Bhd on Tuesday launched the Bursa Remisier Acquisition Hub (Bursa Reach) platform designed to enhance the connection between dealer representatives and investors.</p>


Bursa Malaysia launches platform for remisiers to showcase portfolio

<p>Scoot Pte Ltd, the low-cost carrier of Singapore Airlines Ltd (SIA), commenced operation of its first Embraer E190-E2 aircraft on Tuesday, reiterating the crucial role of Malaysia in its airline operations.</p>


Malaysia remains as key market for low-cost airline Scoot — CEO

<p>RHB Retail Research said S P Setia Bhd is poised to resume its uptrend after climbing above the 21-day simple moving average (SMA) line, while eyeing a spot above the RM1.50 threshold on Monday.</p>


S P Setia poised to resume its uptrend, says RHB Retail Research 

<p>Pelaburan Hartanah Bhd (PHB) is to part ways with Maybank Asset Management Sdn Bhd (Maybank AB) to independently manage the funds of its commercial property unit trust, Amanah Hartanah Bumiputera (AHB), as part of its seven-year business plan that aims to increase the fund size from RM5 billion to RM20 billion by 2030.</p>


PHB to independently manage AHB funds, aims to quadruple fund size to RM20 bil

<p>The US sees Iran's capacity to move its oil as reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, a senior US Treasury official said on Tuesday.</p>


Iran's capacity to move oil reliant on Malaysian providers, US official says

<p>KUALA LUMPUR (May 7): Solar power specialist Pekat Group Bhd said on Tuesday that it has signed a non-binding agreement to acquire a stake in switchgears supplier EPE Switchgear (M) Sdn Bhd to expand its businesses.</p>


Pekat inks agreement to acquire stake in local switchgears supplier

<p>Oil and gas services firm Dayang Enterprise Holdings Bhd will post a strong rebound in its first quarter (1Q) results and earnings may pick up in the coming quarters on seasonally stronger work orders and utilisation, said Phillip Capital.</p>


Dayang Enterprise to post strong rebound in 1Q earnings — Phillip Capital

<p>CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets, will likely see improvements in net interest margin and non-interest income (NII) when it reports its first-quarter results (1QFY2024) on May 31, analysts said.</p>


Analysts see CIMB reporting better net interest margins, non-interest income in 1Q

<p>Hong Leong Investment Bank (HLIB) Research said it anticipates Samaiden Group Bhd posting a stronger second half of 2024 (2H2024) earnings, with some projects reaching a stronger recognition cycle.</p>
