<div class=newsTextDataWrapInner>KUALA LUMPUR (July 25): Hong Leong IB Research has maintained its “Overweight” rating on the power sector and said Tenaga Nasional Bhd and YTL Power International Bhd (YTLP) will not be affected by the recent change of government and ongoing policy review exercises.</div>

<div class=newsTextDataWrapInner>In a power sector outlook today, the research house maintained Buy on Tenaga with unchanged TP: RM17.50, on stable earnings and cashflow with new contribution from Jimah East (2019) and SIPP (2020).</div>

<div class=newsTextDataWrapInner>“We also maintain Buy on YTLP with higher TP: RM1.45 (from RM1.25), on its limited earnings downside with upcoming new contribution from Attarat (2020) and Tg. Jati (2022),”it said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

KUALA LUMPUR (July 25): Hong Leong IB Research has maintained its “Overweight” rating on the power sector and said Tenaga Nasional Bhd and YTL Power International Bhd (YTLP) will not be affected by the recent change of government and ongoing policy review exercises.

In a power sector ou...

Tenaga and YTL Power will not be affected by recent change of government and ongoing policy review exercises, says HLIB Research 

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China’s Zhejiang Geely Holding Group is selling the entirety of its Class B shares in truckmaker Volvo AB that were worth about 14.46 billion Swedish krona (RM6.2 billion).

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Apple said on Friday it had removed Meta Platforms' WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.

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Malaysia's economy grew by 3.9% in the first quarter of 2024 1Q2024), as compared to 3.0% in the previous quarter, according to Department of Statistics Malaysia (DOSM) advance gross domestic product (GDP) estimates.

Malaysia's economy grew 3.9% in 1Q2024, advance estimate shows

Malaysia’s exports contracted at a slower than expected pace in March mainly due to lower foreign demand for electronics while shipments to China fell, official data Friday showed.

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Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports of a sharp escalation in Middle East hostilities.

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Malaysia Airlines has commenced the gradual reinstatement of flights to and from Sabah, Sarawak and Labuan since the evening of April 18, in response to prevailing weather conditions.

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Shares of Awanbiru Technology Bhd (Awantec) fell as much as 53% on Friday, prompting Bursa Malaysia to suspend the counter’s intraday short selling (IDSS).

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Israeli missiles have hit a site in Iran, ABC News reported late on Thursday, citing a US official, while Iranian state media reported an explosion in the center of the country, days after Iran launched a retaliatory drone strike on Israel.

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Shares of Awanbiru Technology Bhd (Awantec) fell as much as 53% on Friday, prompting Bursa Malaysia to suspend the counter’s intraday short selling (IDSS).&nbsp;

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Apple said on Friday it had removed Meta Platforms' WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.

The US on Thursday effectively stopped the United Nations from recognising a Palestinian state by casting a veto in the Security Council to deny the Palestinian Authority full membershipof the world body.

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Rakuten Trade said United U-Li Corporation Bhd may trend higher after breaking out from its two-week bullish flag pattern with a long white candle on Thursday.

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