<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 15): Kenanga IB Research has maintained its ‘Outperform” rating on Kossan Rubber Industries Bhd at RM5.31 with a higher target price (TP) of RM6.31 (from RM5.90) and said the stage is now set for a solid FY20 after three quarters of anaemic quarterly earnings growth.</p></div>

<div class=newsTextDataWrapInner><p>In a note today, the research house said that looking ahead, forward earnings growth will be amplified by re-stocking activities ramp-up due to the current COVID-19 pandemic and further boosted by better margins from higher average selling price.</p></div>

<div class=newsTextDataWrapInner><p>“TP raised from RM5.90 to RM6.30 based on 28.5x FY21E EPS (at +1.5SD above 5-year historical forward mean).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“We roll forward our valuation from FY20E to FY21E. Reiterate Outperform,” it said.</p></div>


KUALA LUMPUR (April 15): Kenanga IB Research has maintained its ‘Outperform” rating on Kossan Rubber Industries Bhd at RM5.31 with a higher target price (TP) of RM6.31 (from RM5.90) and said the stage is now set for a solid FY20 after three quarters of anaemic quarterly earnings growth.

Kenanga IB Research raises target price for Kossan to RM6.31

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<p>Sarawak will consult with Attorney General Datuk Ahmad Terrirudin Mohd Salleh to determine the most appropriate term to replace the word "state" in Sarawak State Legislative Assembly, based on the Federal Constitution.</p>


<p>Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar and Raja Permaisuri Agong Raja Zarith Sofiah will undertake a state visit to Singapore on May 6 and 7, 2024 at the invitation of the republic's President Tharman Shanmugaratnam.</p>


<p>The Ministry of Home Affairs (KDN) is currently formulating a strategy to enhance use of technology, particularly artificial intelligence (AI), for stricter border control measures.</p>


<p>Prime Minister Benjamin Netanyahu's cabinet decided on Sunday to shut down <i>Al Jazeera</i>'s operations in Israel for as long as the war in Gaza continues, on the grounds the Qatari television network threatens national security.</p>


<p>Building on its near 20-year partnership with Lancaster University and in support of its esteemed collaborations with Harvard, Oxford, Cambridge and MIT, Sunway University is now proud to announce its newest partnership with Arizona State University (ASU). This illustrious portfolio of partnerships continues to highlight Sunway’s ongoing commitment to providing students with exceptional educational opportunities.</p>
