Uzma Bhd
(March 3, 71.5 sen)
Maintain trading buy with an unchanged target price of 95 sen: Uzma Bhd reported it had secured two contracts from Sarawak Shell Bhd and Sabah Shell Petroleum Company Ltd to provide platform well plugging and abandonment (P&A) for Sa...

Uzma likely to get more P&A jobs

Ta Ann Holdings Bhd
(March 2, RM2.86)
Maintain outperform with a lower target price of RM4.29: The increase in group sales to RM281.7 million was mainly led by stronger plantation sales, which were partly offset by weaker timber sales. Plantation sales jumped 61.3% ...

Increase in log exports expected for Ta Ann

Serba Dinamik Holdings Bhd
(Feb 27, RM2.32)
Maintain outperform with an unchanged target price (TP) of RM3.33: Stripping out one-off items amounting to RM58 million, Serba Dinamik Holdings Bhd reported a robust net profit of RM198.9 million (+76.4% year-on-year [y-o...

Serba Dinamik profit expected to remain stable

Hibiscus Petroleum Bhd
(Feb 26, 84.5 sen)
Maintain outperform with an unchanged target price of RM1.55: Hibiscus Petroleum Bhd reported an improved second quarter ended Dec 31, 2019 (2QFY20) results due to better contributions from both of its producing fields, Anas...

Stable North Sabah field contribution seen for Hibiscus

Kossan Rubber Industries Bhd
(Feb 24, RM4.64)
Maintain outperform with an unchanged target price of RM6: Kossan Rubber Industries Bhd’s revenue for the financial year ended Dec 31, 2019 (FY19) rose 3.8% year-on-year (y-o-y) to RM2.22 billion, predominantly due to a ...

Kossan seen getting more orders from China, HK amid virus outbreak

Wah Seong Corp Bhd
(Feb 19, RM1.29)
Maintain neutral with a higher target price of RM1.44: For the fourth quarter ended Dec 31, 2019 (4QFY19), Wah Seong Corp Bhd reported a lower revenue of RM429.3 million, down 39.2% year-on-year (y-o-y), mainly due to the completi...

Wah Seong FY19 profit better than expected due to 4Q numbers

Sunway Real Estate Investment Trust
(Feb 14, RM1.90)
Maintain neutral with an unchanged target price (TP) of RM1.93 per share: Sunway Real Estate Investment Trust’s (Sunway REIT) realised net profit for the second quarter of financial year 2020 (2QFY20) came in at R...

Steady profit growth seen for Sunway REIT

Genting Bhd
(Feb 13, RM5.39)
Maintain outperform with a lower target price (TP) of RM7.80: Genting Singapore Ltd, a 52.7% subsidiary of Genting Bhd, reported a 3.8% increase in its fourth quarter of financial year ended Dec 31, 2019 (4QFY19) net profit as the impact...

Genting’s RWG theme park seen to offset Covid-19 fears

Ta Ann Holdings Bhd
(Feb 12, RM3.19)
Reiterate outperform with an unchanged target price (TP) of RM4.83: Despite seeing a lower-than-expected fresh fruit bunch (FFB) production for the fourth quarter of financial year 2019 (4QFY19) due to a cut in fertiliser applica...

Ta Ann expected to see stronger 4QFY19 results

Plantation sector
Maintain overweight: The Malaysian plantation sector kick-starts the year with inventories falling a fifth straight month amid tighter production and slowdown in demand from the world’s top two buyers due to an unfavourable trade policy imposed by India, ...

Tightening inventories seen to have minimal impact on CPO prices

Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the US stock rally, which has flagged as expectations for interest cuts fade.

'Crowded' megacap trade in US stocks awaits earnings test

Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.

Tesla's Elon Musk postpones India trip, aims to visit this year

Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

DNB says process relating to subscription of its shares by five mobile network operators ongoing

Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

Approved logistics players to get diesel fleet cards amid subsidy rationalisation

PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

No specific names discussed for Sabah PKR State Leadership Council head, says Fahmi

Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...

The Frontiers Of Growth : How to Govern the Bretton Woods Institutions Better

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

Bitcoin ‘halving’ cuts supply of new tokens in threat to miners

A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.

Philippines wants US, Japan to take over rail deal eyed by China

The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

World Bank wins US$11b in pledges to boost lending for climate, global crises

Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.

IMF concerned about debt, fiscal challenges facing low-income countries

Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

Former IGP Tun Hanif Omar passes away

The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.

Enegem: Malaysia edges closer to RE exports

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

The Week Ahead: Eyes on March inflation, US 1Q GDP and tech earnings

A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.

Ringgit likely to trade around 4.78 versus greenback next week

Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.

Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".

Fed survey cites inflation, US election as key financial stability risks

The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...

Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the US stock rally, which has flagged as expectations for interest cuts fade.

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