<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 1): Hong Leong IB Research has maintained its “Buy’ rating on Frontken Corp Bhd at RM1.56 with a higher target price (TP) of RM1.77 (from RM1.67) and said Frontken’s 1H19 core net profit of RM33 million (+64% y-o-y) beat expectations as 2H19 is usually stronger.</p></div>

<div class=newsTextDataWrapInner><p>In a note today, the research house said Frontken declared first interim dividend of 1 sen per share.</p></div>

<div class=newsTextDataWrapInner><p>“Despite the weaker q-o-q and y-o-y top line, bottom line appeared to be stronger on the back of enhanced efficiency.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Semiconductor sector may experience a strong recovery in 2H19.</p></div>

<div class=newsTextDataWrapInner><p>“Similarly for O&amp;G as some 2Q19 billings are carried over into 3Q19. Our upward forecast revisions have led to higher TP of RM1.77, pegged to 25x of FY20 EPS,” it said.</p></div>


KUALA LUMPUR (Aug 1): Hong Leong IB Research has maintained its “Buy’ rating on Frontken Corp Bhd at RM1.56 with a higher target price (TP) of RM1.77 (from RM1.67) and said Frontken’s 1H19 core net profit of RM33 million (+64% y-o-y) beat expectations as 2H19 is usually stronger.

In a n...

HLIB Research raises target price for Frontken to RM1.77

ExecuJet MRO Services Malaysia, a subsidiary of luxury business aircraft maker Dassault Aviation, inaugurated its new maintenance, repair and overhaul (MRO) facility at Subang Airport on Thursday.

Dassault Aviation's MRO unit ExecuJet expands in Malaysia with new facility at Subang Airport

(May 1): Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary U.S. customers and a slower-than-expected economic recovery in China.

Price hikes taken last year have force...

Starbucks shares hit two-year low as China, US demand clouds outlook

(May 1): Aston Martin posted a bigger-than-expected first-quarter loss on Wednesday (May 1).

The British luxury carmaker made fewer cars and burned more cash than analysts anticipated. It reported a pretax deficit of $138 million for the three months to the end of March. That was about ...

Aston Martin losses rise ahead of new models

Barclays has kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it ramps up efforts to tackle underperformers and reinvest in new talent, sources with direct knowledge of the matter told Reuters.

Barclays moves to cut 'a few hundred' investment bank underperformers

Luno, a digital asset exchange (DAX) licensed by the Securities Commission Malaysia, expands its coin offerings with the launch of Cosmos (ATOM) and Polkadot (DOT).

Luno launches two new digital assets

Governments rarely correct deteriorating public finances until they meet some form of debt market disturbance, but the retreat of central banks from sovereign bond markets may eventually set the scene for a showdown.

Bond markets face struggle to surf 'Treasury tsunami'

Shares of Bursa Malaysia Bhd climbed to their highest in more than three years after the stock exchange operator reported better-than-expected results that prompted at least two analyst upgrades.

Bursa Malaysia climbs to over three-year high after above-view 1Q

Shares of Duopharma Biotech Bhd surged more than 9% on Thursday following news of the pharmaceutical company securing supply contracts worth RM578.09 million in total.

Duopharma Biotech surges over 9% after RM578m contract news

Latest data signalled further downbeat trends across the Malaysian manufacturing sector at the start of the second quarter of 2024.

In a statement on Thursday, S&P Global Market Intelligence said that while demand remained generally subdued, there were slight indications that firms were on an upward trajectory, as firms scaled back production at a softer rate amid a slower reduction in new order inflows.

Overall manufacturing conditions in Malaysia ease to lesser extent, says S&P Global

Apex Securities Bhd has recommended investors to “subscribe” to ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value of 42 sen by pegging financial year 2025 (FY2025) forecast core earnings per share of 3.2 sen to price-earnings (PE) of 13 times (75% potential upside from IPO price).

Apex Securities advises investors to subscribe to ACE Market-bound Farm Price with fair value of 42 sen

<p>US stocks closed mixed on Wednesday after the Federal Reserve (Fed) left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured.</p>


S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference

<p>Elon Musk’s latest cost-cutting victims: Summer interns.</p>

<p>Tesla Inc is rescinding offers just weeks before internships were set to start, prompting aspiring employees to take to LinkedIn to appeal to other employers to take them in.</p>


Tesla interns say offers are getting revoked weeks before their start date

<p>Apex Securities Bhd has recommended investors to “subscribe” to ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value of 42 sen by pegging financial year 2025 (FY2025) forecast core earnings per share of 3.2 sen to price-earnings (PE) of 13 times (75% potential upside from IPO price).</p>


<p>A gauge of global stocks fell on Wednesday while the dollar weakened against a basket of peers after the Federal Reserve (Fed) left interest rates unchanged and indicated it is still leaning toward eventual rate cuts.</p>


Stocks, dollar decline after Fed holds rates steady

<p>Shares of Duopharma Biotech Bhd surged more than 9% on Thursday following news of the pharmaceutical company securing supply contracts worth RM578.09 million in total.</p>


<p>Latest data signalled further downbeat trends across the Malaysian manufacturing sector at the start of the second quarter of 2024.</p>

<p>In a statement on Thursday, S&amp;P Global Market Intelligence said that while demand remained generally subdued, there were slight indications that firms were on an upward trajectory, as firms scaled back production at a softer rate amid a slower reduction in new order inflows.</p>


<p>Shares of Bursa Malaysia Bhd climbed to their highest in more than three years after the stock exchange operator reported better-than-expected results that prompted at least two analyst upgrades.</p>


<p>Governments rarely correct deteriorating public finances until they meet some form of debt market disturbance, but the retreat of central banks from sovereign bond markets may eventually set the scene for a showdown.</p>


<p>Alphabet Inc paid Apple Inc US$20 billion (RM95.45 billion) in 2022 for Google to be the default search engine in the Safari browser, according to newly unsealed court documents in the Justice Department’s antitrust lawsuit against Google.</p>


Google’s payments to Apple reached US$20b in 2022, antitrust court documents show

<p>Apple's plan to add generative artificial intelligence (AI) to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year.</p>


Apple set for big sales decline as investors await AI in iPhones

<p>Luno, a digital asset exchange (DAX) licensed by the Securities Commission Malaysia, expands its coin offerings with the launch of Cosmos (ATOM) and Polkadot (DOT).</p>


<p>National Australia Bank Ltd (NAB) said it will buy back up to A$1.5 billion (US$1 billion or RM4.77 billion) of its own stock as profit at the lender came in line with expectations.</p>


National Australia Bank to buy back shares worth US$1b as profit dips

<p>Chelsea's bid to make it five Women's Super League titles in a row suffered a huge setback on Wednesday as they lost a 4-3 thriller to Liverpool, seriously denting the possibility of the Blues giving manager Emma Hayes a winning send-off.</p>


Chelsea WSL title hopes derailed by stunning 4-3 loss to Liverpool

<p>Hackers who breached UnitedHealth's tech unit in February potentially stole a third of Americans' data, the largest US health insurer's chief executive officer told a Congressional committee on Wednesday.</p>


UnitedHealth says hackers potentially stole a third of Americans' data

<p>Barclays has kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it ramps up efforts to tackle underperformers and reinvest in new talent, sources with direct knowledge of the matter told <em>Reuters</em>.</p>


<p>（吉隆坡2日讯）联合药业（Duopharma Biotech Bhd）获得总计5亿7809万令吉的供应合约后，今早飙升逾9%。</p>


获5.78亿合约 联合药业飙升逾9%

<p>Borussia Dortmund's Niclas Fuellkrug fired in a first-half goal to seal a 1-0 victory over visitors Paris St Germain in a compelling Champions League semi-final first leg on Wednesday.</p>


Fuellkrug earns impressive Dortmund 1-0 first-leg win over PSG

<p>（吉隆坡2日讯）Apex证券建议投资者认购农价控股（Farm Price Holdings Bhd），称基于2025财政年核心每股盈利3.2仙的13倍本益比，合理价为42仙，较首次公开募股（IPO）发售价24仙高出75%。</p>


Apex证券建议认购农价控股 合理价42仙

<p>(May 1): Aston Martin posted a bigger-than-expected first-quarter loss on Wednesday (May 1).</p>

<p>The British luxury carmaker made fewer cars and burned more cash than analysts anticipated. It reported a pretax deficit of $138 million for the three months to the end of March. That was about ...

<p>（吉隆坡2日讯）首季业绩优于预期，促使至少2名分析员上修评级，大马交易所（Bursa Malaysia Bhd）攀至3年多高位。</p>
