<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 15): CIMB IB Research has initiated coverage on CCK Consolidated Holdings Bhd with an “Add” rating at 75 sen and target price of RM1.28.</p></div>

<div class=newsTextDataWrapInner><p>In a note May 14, the research house said CCK is Sarawak’s largest poultry player, commanding circa 35% market share.</p></div>

<div class=newsTextDataWrapInner><p>It said the core business is in integrated poultry farming.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>CIMB Research said all the products from CCK’s integrated supply chain are sold solely through its 57 retail outlets.</p></div>

<div class=newsTextDataWrapInner><p>It said this is a key advantage, leading to consistent higher margins versus its peers.</p></div>

<div class=newsTextDataWrapInner><p>“Prime beneficiary of urbanisation in East Malaysia. Poised to capitalise on growing demand, through the expansion of its integrated supply chain.</p></div>

<div class=newsTextDataWrapInner><p>“Grossly mispriced as a pure poultry stock. CCK should trade above its peers, given the advantages of having a retail arm and captive markets in East Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>“Initiate coverage with an Add. Our target price is RM1.28, based on 15x CY18F P/E,” it said.</p></div>

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KUALA LUMPUR (May 15): CIMB IB Research has initiated coverage on CCK Consolidated Holdings Bhd with an “Add” rating at 75 sen and target price of RM1.28.

In a note May 14, the research house said CCK is Sarawak’s largest poultry player, commanding circa 35% market share.

It s...

CIMB Research starts coverage on CCK Consolidated, target RM1.28

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<p>Will Bank Negara Malaysia’s Monetary Policy Committee follow its Indonesian counterparts by raising interest rates when it holds its next meeting on Wednesday and Thursday?</p>


<p>Hollywood superstar and acclaimed Malaysian actress Tan Sri Michelle Yeoh has received the prestigious Presidential Medal of Freedom from US President Joe Biden on Friday.</p>


<p>The prospect of interest rates remaining elevated as the Federal Reserve (Fed) battles inflation is further clouding the outlook for shares of smaller US companies, which have lagged broader markets this year.</p>


<p>King Charles and other senior British royals are to relinquish patronages of almost 200 charities and organisations after a review of their association with more than 1,000 groups, Buckingham Palace said on Saturday.</p>


<p>Electric vehicle (EV) maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to US$5.13 billion (RM24.32 billion) in its US initial public offering (IPO), the first major floatation of a China-based company in more than two years.</p>


<p>US Treasury Secretary Janet Yellen said she still sees underlying price pressures receding even as a tight housing supply has helped stall the downward path of inflation.</p>


<p>The Kuala Kubu Baharu (KKB) by-election campaign is entering a critical period for all contesting parties and candidates to redouble their efforts to win as many votes as possible.</p>


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<p>This year marks the 30th anniversary of the United Nations’ International Year of the Family (IYF). In the decades since the IYF was proclaimed, demographic shifts, technological transformations, migration, urbanization, and climate change have upended societies around the world. Responding effec...

<p>Indonesia will permanently relocate some 10,000 people living on an island in North Sulawesi following concerns that more eruptions could come from an active volcano that has already caused damages.</p>


<p>The Philippines central bank will require financial institutions to submit a report within 24 hours of discovering risks linked to money laundering and terrorist financing, as the Southeast Asian nation steps up its fight against illicit transactions.</p>
