Fraser & Neave Holdings Bhd (F&N) is poised for a surge in earnings over the coming quarters, driven by heightened demand for its products in key operating areas like Thailand and Malaysia, along with robust export sales across Southeast Asia (SEA), due to extremely hot weather conditions.

F&N seen notching higher earnings on increased beverage consumption in SE Asia amid hot weather

Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.

AmInvestment sees Alliance Bank’s 4Q earnings jump by 37% y-o-y

Maybank Investment Bank Bhd expects Lotte Chemical Titan Holding Sdn Bhd to record losses for the third quarter of 2023 (3Q2023) ranging in between RM150 million to RM200 million, driven by a 3% to 5% decline in polymer prices and a significant reduction in input naphtha prices by 17%.

Maybank sees Lotte Chemical Titan's losses expanding in 4Q2023 

RHB Research has maintained its “buy” rating on Bursa Malaysia Bhd at RM6.70 with an unchanged target price (TP) of RM7.50, based on a 22.5x (consistent with its long-term average) to the forecast of financial year 2024 (FY2024F) earnings per share (EPS), with an added ESG premium of 6%.

RHB Research sees strong y-o-y headline growth for Bursa Malaysia

Construction-based company MGB Bhd’s core profit for the third quarter ended Sept 30, 2022 (3QFY2022) is expected to grow quarter-on-quarter to RM1-3 million while its 3QFY2022 year-on-year core earnings could be lower, according to RHB Investment Bank (RHB IB).

RHB IB sees lower core earnings for MGB on labour shortages, property launch delays

KUALA LUMPUR (August 8): CGS-CIMB Research has maintained its “Add” rating on Genetec Technology Bhd at RM2.42 with a lower target price (TP) of RM4.30 (from RM4.50) and said it expects Genetec to deliver stronger year-on-year and quarter-on-quarter net profit growth in 1QFY23F, driven by healthy...

 Genetec to deliver stronger y-o-y and q-o-q net profit growth in 1QFY23F, says CGS-CIMB 

KUALA LUMPUR (Aug 3): Hong Leong Investment Bank (HLIB) Research has maintained its “overweight” rating on the plantation sector and said planters will likely post a mixed bag of results on quarter-on-quarter (q-o-q) basis in their upcoming results.

In a note on Wednesday (Aug 3), the r...

Planters will likely post a mixed bag of results q-o-q, says HLIB 

KUALA LUMPUR (May 19): Hong Leong Investment Bank (HLIB) Research has maintained its “buy” rating on Press Metal Aluminium Holdings Bhd (PMetal) at RM5.28 with a lower target price of RM7.59 (from RM7.71) and said it expects PMetal’s 1Q22 results to come in at yet another record high with a net p...

Press Metal poised for another record-high quarter, says HLIB 

KUALA LUMPUR (April 14): Hong Leong Investment Bank (HLIB) Research has maintained its “Buy” rating on Bursa Malaysia Bhd at RM6.98 with a higher target price (TP) of RM7.95 (from RM7.27) and said that judging from 1Q22 equities average daily trading volume (ADV) of RM2.6 billion (+3% q-o-q, -49%...

HLIB keeps buy on Bursa Malaysia, raises target price to RM7.95

RHB Research expects Tasco Bhd to book a robust year-on-year (y-o-y) growth in the upcoming results for the fourth quarter ended March 31, 2022 (4QFY22) on strong performances underpinned by buoyant volume throughputs and favourable freight rates.

RHB Research sees Tasco on track for record-breaking year

KUALA LUMPUR (April 8): CGS-CIMB Research has downgraded Bursa Malaysia Bhd to “Reduce: at RM7.14, with an unchanged target price of RM6.59 and said the stock exchange operator’s CY23F P/E of 22.9x is above 5-year average of 21.1x, and projected FY22F EPS to fall 39.4%.

In a note on Thu...

CGS-CIMB expects Bursa to report a double-digit y-o-y decline in 1Q22

RHB Research sees a strong earnings rebound for Astro Malaysia Holdings Bhd following three consecutive quarters of decline with the recovery in advertising expenditure (adex) as a key catalyst.

RHB Research sees strong earnings rebound for Astro Malaysia

Hong Leong Investment Bank Bhd (HLIB) expects Focus Lumber Bhd’s (FLB) earnings to rebound strongly in the fourth quarter ended Dec 31, 2021 (4QFY21) and achieve a compound annual growth rate (CAGR) of 54% in FY21-23, driven by promising growth in the buoyant recreational vehicle sector and US housing market.

Focus Lumber’s earnings to rebound strongly in 4QFY21, says HLIB

Affin Hwang Investment Bank sees “a buy the dip” opportunity for D&O Green Technologies Bhd as it sees abundant catalysts for the stock after meeting up with the management.

Affin Hwang sees 'buy the dip' opportunity for D&O Green Tech on abundant catalysts

Japan’s consumer inflation eased more than expected while staying above the Bank of Japan’s target as board members get ready to revise their price forecasts next week.

Japan’s inflation cools ahead of BOJ policy board meeting

KUALA LUMPUR (April 19): Kenanga Research has maintained its “underweight” rating on the media sector and said 1QCY24 adex (+14% YoY) exceeded house expectations due to stronger-than-expected recovery in the Free-to-Air television (FTA TV) segment, mainly catalyzed by the nascent recovery in both...

Media sector earnings outlook still fragile, says Kenanga Research 

(April 19): South Korea's Hyundai said on Friday that it had paused advertising on X, formerly known as Twitter, and is speaking to the Elon Musk-owned social media platform directly about brand safety issues.

It was not immediately clear why the auto giant had paused the advertisements...

Hyundai pauses ads on X over brand safety issues

Hong Leong Investment Bank (HLIB) said Kimlun Corp Bhd’s earnings is primed for promising prospects in FY2024-25, underpinned by an unbilled orderbook of RM2.48 billion (3.0x cover on FY2023 revenue and the highest achieved since FY2018), with 85% dedicated to construction and the remaining to precast manufacturing.

HLIB sees promising prospects for Kimlun’s FY24-25 earnings

TA Securities thinks that KIP REIT will have a good 3Q showing

MORNING CALL: 19/4/24

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.

United U-Li Corp may trend higher, says Rakuten Trade 

Israel received its first-ever sovereign downgrade as S&P Global Ratings lowered its credit rating to A+ from AA- on heightened geopolitical risks for the region.

S&P downgrades Israel rating on heightened geopolitical risk

RHB Retail Research said Inari Amertron Bhd is poised to challenge the RM3.27 resistance level once again, which would make this its fourth attempt this year.

Inari poised to challenge RM3.27 resistance, says RHB Retail Research 

RHB Retail Research said Muhibbah Engineering (M) Bhd may be headed for an uptrend after rebounding strongly from a recent pullback and pushing past the 21-day simple moving average line.

Muhibbah Engineering may be headed for uptrend, says RHB Retail Research 

The oil-rich Malaysian state of Sarawak in Borneo is aiming to transform itself into a centre for clean hydrogen energy, betting that its ability to harness an abundance of hydropower can help it defy challenges that are clouding the fuel’s prospects elsewhere.

 Sarawak aiming to transform itself into a centre for clean hydrogen energy

KUALA LUMPUR (April 18): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of HeiT...

HeiTech Padu, Axiata, AmanahRaya REIT, AmFirst REIT, RHB Bank, 7-Eleven Malaysia, MBSB, Awantec, MAA Group, UMediC, Systech, Pansar, Auro, Kimlun and AWC

FE Green Pet (M) Sdn Bhd’s new high-tech recycling factory is expected to make Melaka a green investment destination and complement the economic growth strategy in the state, said Melaka Chief Minister Datuk Seri Ab Rauf Yusoh.

He said with an investment totalling approximately RM958 million, the plant on 14 hectares of land is projected to be completed by 2Q 2025, creating almost 500 jobs.

RM958 mil high-tech recycling factory puts Melaka on green investors map — Ab Rauf

PIE Industrial Bhd, whose share price extended its rally to a new all-time high on Thursday on reports that it has secured a new customer, confirmed the matter and said it is expecting the new customer to contribute an additional RM2.5 billion revenue to the group, of which RM1 billion will be recognised as early as next year.

PIE Industrial confirms bagging new client, expects additional RM2.5 bil revenue

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EVENING 5: Five things you need to know today

High-impact projects such as the Johor-Singapore Special Economic Zone (JS-SEZ) and&nbsp;Special Financial Zone&nbsp;(SFZ) in Forest City can spur Johor’s economy to outpace that&nbsp;of other states in the next one to two years, said Prime Minister Datuk Seri Anwar Ibrahim.

Special economic, financial zones can help Johor surpass other states economically, says Anwar

Swiss state prosecutors are seeking long prison terms for two men accused of embezzling US$1.8 billion from 1Malaysia Development Bhd (1MDB) — Saudi-Swiss businessman Tarek Obaid and his Swiss-British business partner Patrick Mahony, the AFP reported.

Swiss prosecutors seek long jail terms for duo in US$1.8bil 1MDB fraud — report

Kimlun Corporation Bhd has bagged a construction contract worth RM150 million for a serviced apartment development project in Johor Bahru.

In a bourse filing on Thursday, Kimlun said its wholly-owned subsidiary Kimlun Sdn Bhd received the award as the main contractor for the Aliva Mount Austin residential project from Astaka Development Sdn Bhd, a subsidiary of Singapore-listed Astaka Holdings Limited.

Kimlun bags RM150 mil contract for residential construction project in Johor

(April 18):&nbsp;The world of chocolate is facing such immense cocoa shortages that the wild trading lured an unlikely player&nbsp;—&nbsp;Pierre Andurand, a hedge-fund manager best known for his bets on oil.&nbsp;

Why the world of chocolate is in crisis

The oil-rich Malaysian state of Sarawak in Borneo is aiming to transform itself into a centre for clean hydrogen energy, betting that its ability to harness an abundance of hydropower can help it defy challenges that are clouding the fuel’s prospects elsewhere.

NEW YORK (April 19): US stocks vacillated on Thursday, swinging from red to green and back as investors contended with the push-pull of a strong economy and restrictive Federal Reserve policy.

Benchmark Treasury yields resumed their climb and gold added strength as ongoing turmoil in th...

Wall Street closes lower; gold climbs amid economic, geopolitical crosswinds

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.

US stops UN from recognising a Palestinian state through membership

With 94% of Malaysian companies gearing up for an artificial intelligence (AI) driven future, National Technology and Innovation Sandbox (NTIS) together with NVIDIA has launched an AI pilot sandbox programme.

MOHE estimates 13,000 new AI talents by 2026

Indonesia discouraged its state-owned enterprises from making huge dollar purchases, showing the all-hands-on-deck approach that the nation has taken to support the rupiah.

State-run firms with large import requirements or foreign currency-denominated debt must avoid buying large amounts of US dollars while the rupiah is under pressure, Coordinating Minister for Economic Affairs Airlangga Hartarto said in a briefing on Thursday.

Indonesia tells state firms to refrain from buying dollars

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower for the fifth consecutive day, said palm oil trader David Ng.

He said the weaker soybean oil market and lower crude oil prices continue to pile pressure on prices.

CPO futures end lower for 5th consecutive trading day

Datuk Seri Dr Zambry Abdul Kadir, who co-chairs the Kuala Kubu Baharu by-election machinery&nbsp;coordination for the unity coalition, said its candidate would be deemed to represent the unity government rather than&nbsp;any particular party per se.

Kuala Kubu Baharu by-election: Candidate to represent unity govt rather than any particular party, says Zambry

US stocks closed near the unchanged mark on Thursday, as investors sifted through the latest corporate earnings, while economic data and comments from Federal Reserve officials suggested the central bank was unlikely to cut interest rates in the near future.

Stocks end near flat as investors assess earnings, data

Chinese government-linked hackers have burrowed into US critical infrastructure and are waiting "for just the right moment to deal a devastating blow," FBI director Christopher Wray said on Thursday.

FBI says Chinese hackers preparing to attack US infrastructure

The life insurance industry recorded a double-digit growth of 11.6% in new business total premiums to RM13.4 billion last year, compared with RM12 billion in 2022.&nbsp;

New business total premiums up 11.6% in 2023, says Life Insurance Association of Malaysia

Healthcare digitalisation and financing reform&nbsp;remain&nbsp;the priorities of the Ministry of Health (MOH) aimed at&nbsp;strengthening and improving&nbsp;the healthcare system across the country.

Healthcare digitalisation, financing reform remain MOH's priorities, says Dzulkefly

Federal Reserve policymakers have coalesced around the idea of keeping borrowing costs where they are until perhaps well into the year, given slow and bumpy progress on inflation, and a still-strong US economy.

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