<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 16): Inter-Pacific Research has initiated coverage on AWC Bhd with a target price of RM1 based on sum of parts valuation.&nbsp;</div>

<div class=newsTextDataWrapInner>In a note today, the research house said it likes AWC for its 1) Earnings visibility 2) an attractive PER valuation of 9.4x FY18 earnings &nbsp; 3) Well diversified earnings base.&nbsp;</div>

<div class=newsTextDataWrapInner>“We are of the view that the company deserves richer valuation due to its earnings visibility and sustainability.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“This stands out sharp against the current backdrop of a poor economic environment with dwindling earnings,” it said.</div>

KUALA LUMPUR (Nov 16): Inter-Pacific Research has initiated coverage on AWC Bhd with a target price of RM1 based on sum of parts valuation. 

In a note today, the research house said it likes AWC for its 1) Earnings visibility 2) an attractive PER valuation of 9.4x FY18 earnings &nb...

Inter-Pacific Research starts coverage on AWC, target RM1

Robusta coffee prices have climbed to the highest in 45 years, according to the International Coffee Organisation (ICO), as a supply crunch intensifies for the variety used in espresso blends and instant drinks.

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Maybank Investment Bank (Maybank IB) on Monday began coverage of SAM Engineering & Equipment (M) Bhd with a counter-consensus ‘buy’ call, betting on the cyclical recovery of aerospace and semiconductor sectors.

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President Xi Jinping has arrived in France to begin talks aimed at stabilising China’s relationship with Europe, as he tries to perform damage limitation on trade ties with the key bloc.

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BMI, a Fitch Solutions company, said Malaysia's deepwater explorations are expected to accelerate as more investments are directed towards under-explored areas.

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Phillip Capital has initiated coverage on T7 Global Bhd with a “buy” rating at 53 sen and a target price of 68 sen.

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In an alert last Thursday, the commission said the following persons/entities were added to the list:

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EQT AB agreed to buy technology consultant Perficient Inc in a deal valued at about US$3 billion (RM14.22 billion) including debt.

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Maybank Investment Bank (Maybank IB) on Monday began coverage of SAM Engineering &amp; Equipment (M) Bhd with a counter-consensus ‘buy’ call, betting on the cyclical recovery of aerospace and semiconductor sectors.

Prime Minister Datuk Seri Anwar Ibrahim will be having an online meeting with tech giant Google on Monday.

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President Xi Jinping has arrived in France to begin talks aimed at stabilising China’s relationship with Europe, as he tries to perform damage limitation on trade ties with the key bloc.

Australia’s housing rental value hit a fresh record in April with some cities seeing renewed growth momentum, a troubling sign for the Reserve Bank that’s likely to leave borrowing costs at a 12-year high this week to stave off price pressures.

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Asian stocks rose on Monday on renewed bets that the Federal Reserve (Fed) would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.

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The new chief executive of Brooks Running said the running shoe maker owned by Warren Buffett's Berkshire Hathaway&nbsp;views China and Europe as growth areas for a business that generates most revenue in the US.

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Republican presidential candidate Donald Trump accused Democratic rival President Joe Biden of running a "Gestapo administration" in a private address to donors in which he also attacked prosecutors involved in his criminal indictments, according to a recording heard by US media outlets.

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Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said, driven by a shift to electric cars in China and the US and a return to normal consumption after last year's bounce following Covid-19.

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Qantas Airways Ltd will pay a A$100 million (RM313.78 million) penalty and compensate passengers for selling tickets on thousands of flights it had already decided to cancel, as chief executive officer Vanessa Hudson continues costly repairs to the airline’s battered reputation.

Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region.

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Los Angeles police cleared a pro-Palestinian encampment at the University of Southern California (USC) without making arrests on Sunday following turmoil at universities across the US over the Israel-Hamas war.

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Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar and Raja Permaisuri Agong Raja Zarith Sofiah arrived in Singapore on Monday for a two-day state visit to the republic.