Inari Amertron Bhd
(March 9, RM1.29) 
Maintain hold with a lower target price of RM1.55: Inari Amertron Bhd’s plans to utilise its P34 plant remain, although a volume ramp-up for its German customer is still low as a restructuring continues to cause delays in t...

5G commercialisation seen a catalyst for Inari Amertron’s radio frequency segment

Serba Dinamik Holdings Bhd
(March 5, RM2.25)
Maintain a buy with a diluted target price of RM2.65: Serba Dinamik Holdings Bhd’s order book increased to RM10.7 billion as of Feb 20, split between operations and maintenance (O&M) — RM7.1 billion and engineering, p...

Serba Dinamik’s gearing seen having a comfortable limit

Tenaga Nasional Bhd
(March 4, RM12.58)
Upgrade to buy with a lower target price of RM14.50: For the fourth quarter of financial year 2019 (4QFY19), Tenaga Nasional Bhd’s (TNB) core net profit fell to RM939 million on the back of unplanned outages and higher staff co...

TNB seen to strike for active capital management

Banking sector
Retain market weight: Loan growth remained weak at below our expectation of 4% for 2019. With the sector’s sentiment likely to be capped by the ongoing Wuhan virus, we retain our “market weight” call on the sector. On a brighter note, asset quality is holdin...

Banking sector’s asset quality holding up stronger than expected

Scientex Bhd
(Jan 22, RM9.23)
Maintain buy with an unchanged target price (TP) of RM10.67: The 7% retracement of Scientex Bhd share price from the recent peak provides an excellent opportunity to accumulate. Market conditions remain favourable for Scientex to beat c...

Strong management, good track record seen in Scientex

Plantation sector
Maintain market weight: As of Oct 16, 2019, crude palm oil (CPO) spot and three-month futures prices were at RM2,115 and RM2,201, recovering from the lows of RM1,976 and RM2,013 respectively in Aug 19. The lower-than-expected production in the third quart...

CPO exports seen further boosted by lower export duty

Genting Malaysia Bhd
(Oct 7, RM3.05)
Maintain hold with a higher target price of RM3.16: Empire Resorts Inc’s recent filing of a proxy statement on its merger exercise revealed positive forward-looking financial projections and justification for Genting Malaysia Bhd...

Fair valuation range seen for Genting Malaysia’s price tag for Empire

Kerjaya Prospek Group Bhd
(Oct 3, RM1.29)
Maintain buy with a target price (TP) of RM1.64: Kerjaya Prospek Group Bhd has secured a contract from Bintang Holdings Sdn Bhd, a member of the Low Yat Group, worth RM23 million to undertake construction of a basement and e...

Stable demand seen for Kerjaya Prospek’s property building jobs

Affin Bank Bhd
(Sept 6, RM2.04)
Maintain hold with an unchanged target price (TP) of RM2.20: Bloomberg has reported that AXA Insurance and Affin Bank Bhd are mulling the possibility of disposing of their insurance joint venture (JV) — AXA Affin Insurance. Affin Bank...

Possible insurance JV disposal seen having neutral impact on Affin Bank

Construction sector
Maintain market weight: The New Straits Times has reported that the government is planning to acquire 15 highways nationwide for RM43 billion via issuing debt to the concessionaires. Sources claimed the 15 highways will be acquired by a special-purpose ...

Proposed takeover of highways deemed fair by market

French electronic manufacturing service firm eolane has launched a new manufacturing plant in Kulim Hi-Tech Park, Kedah involving an investment of €8.7 million (RM45 million) for the first phase of the project.

France-based eolane launches RM45 mil facility in Kulim Hi-Tech Park

TOKYO (April 24): Japan's Nikkei share average locked in a third consecutive day of gains on Wednesday, tracking Wall Street higher to break above 38,000 points, as investors continued to snap up tech-related shares.

Japan's Nikkei closes above 38,000 points as tech shares soar

KUALA LUMPUR (April 24): The digitalisation strategic plan will be updated in line with digital transformation goals, said Deputy Digital Minister Datuk Wilson Ugak Kumbong.

Digitalisation strategic plan to be in line with digital transformation goals — deputy minister

Indonesia's central bank delivered a surprise rate hike on Wednesday, stepping up efforts to support the rupiah currency against selling linked to global risk aversion and a delay in the expected timing of any US policy easing.

Indonesia's central bank delivers surprise rate rise to support rupiah

Investors rejected Woodside Energy Group Ltd’s climate strategy in an advisory vote as Australia’s largest energy company attempts to trim emissions while also expanding production of oil and natural gas.

Investors revolt on climate as Woodside adds more oil, gas

More to come

Read also:
MB's son among six remanded over document forgery, false claims involving RM600,000
...

Perlis MB knows about son's arrest, leaves it to MACC to investigate

The Bank of Thailand (BOT) has intervened in currency markets at times to ease any excessive moves in the baht while the current policy rate is robust and conducive to economic recovery, central bank officials said on Wednesday.

Thai central bank intervenes to ease baht volatility, says policy rate 'robust'

COLOMBO (April 24): Iran's President Ebrahim Raisi arrived in Sri Lanka on Wednesday for a brief state visit aimed at strengthening ties, during which he will also open a US$514-million hydropower project.

Iran's Raisi arrives in Sri Lanka to foster ties, open hydropower project

In Jalan Rotan in Kampung Attap, Kuala Lumpur, there is a light yellow building with beautiful graffiti art on one wall. Built in 1912 by influential business tycoon Loke Yew, it was restored in recent years and is now the office of master planning, architecture and landscape design consultancy P...

Designworks: Preserving space and land for posterity

PERCEIVED to be in the ­“inner circle” of fugitive financier Low Taek Jho (Jho Low) in the heist of billions of dollars from 1Malaysia Development Bhd (1MDB), the state-owned company’s former general counsel Jasmine Loo Ai Swan recently recalled life on the run. Conditions were uncertain, even pr...

Traversing Indochina and China, Loo negotiated return while on the run in Myanmar 

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 24)

Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.

The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.

Farm Price starts taking orders for ACE Market IPO to raise up to RM24.48 mil

Analysts predict a decline in earnings for Malaysian automotive companies in 2024, attributed to lower sales volumes and higher operating costs, coupled with the emergence of several Chinese original equipment manufacturers (OEMs) offering attractive pricing.

M'sian automakers expected to feel pinch from lower sales, higher costs, rise of Chinese OEMs

With Malaysia’s 5G outdoor coverage having reached the 80% target for coverage of populated areas (CoPA) at the end of 2023 and after the signing of the share subscription agreements (SSAs) by five mobile network operators (MNOs) on Dec 1, 2023, what’s next for the next stage of 5G deployment in Malaysia?

What’s next for 5G deployment in Malaysia?

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is the entity that is bidding to acquire SriLankan Airlines, and if it materialises, will raise its own capital for the acquisition, according to chief executive officer Tan Sri Tony Fernandes.

AirAsia Consulting, not AirAsia, is bidding for SriLankan Airlines, says Fernandes

E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.

MyEG inks partnership to launch Hong Kong virtual assets

Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;

Telco shares lift Bursa higher at midday

Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.

NationGate may extend upward trajectory, says Rakuten Trade 

One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.

Malaysia to start using QR code at checkpoints with Singapore, report says

Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

Fernandes to be CEO of Capital A for another five years

Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.

DXN climbs over one-month high, analysts see positive outlook

Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the US megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.

Asian shares jump on tech boost; fragile yen on intervention watch

Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.

Haily shares near all-time high after securing RM109.5m housing job

The Malaysian Anti-Corruption Commission investigating officer (MACC IO) probing Datuk Seri Najib Razak in relation to the 1Malaysia Development Bhd (1MDB) debacle never asked the former prime minister if he had instructed for the controversial transfer of US$700 million to a company linked to fugitive Low Taek Jho (Jho Low), the court heard on Wednesday.

MACC officer did not ask Najib if he instructed controversial transfer of US$700m to Good Star

Tesla Inc is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.

Tesla to accelerate launch of cheaper cars after sales miss

Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.

Bursa opens higher, tracking overnight Wall Street

Gold’s record-setting rally this year has puzzled market watchers, as bullion has roared higher, despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.

Gold’s record-setting rally may have its roots in Chinese frenzy

US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.

Wall Street closes higher as investors digest earnings, megacap outlook

Meta Bright Group Bhd said its wholly owned subsidiary FBO Land (Serendah) Sdn Bhd and Doople Tech Sdn Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd, following its recent collaboration with Doople to form a joint venture (JV) company to bid for renewable energy (RE) projects with a Bumiputera equity requirement.

Meta Bright lands solar supply deal after forming JV company with Doople

This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.

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