<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 17): Hong Leong IB Research (HLIB) has maintained “Buy” on Syarikat Takaful Malaysia Keluarga Bhd (STMB) at RM4.29 with a lower target price (TP) of RM5 (from RM5.55) and said although management remained optimistic with its short-term outlook, HLIB was wary of some negative knock-on effect from Covid-19.</p></div>

<div class=newsTextDataWrapInner><p>In a note today, the research house said it hence cut its 2020-22 profit estimates by 8%, after lowering both its gross earned contribution and investment-related income assumptions.</p></div>

<div class=newsTextDataWrapInner><p>“That said, the structural long-term growth prospects of STMB remain bright, in our view, looking at the: (i) underpenetrated insurance space, (ii) favourable demographics, and (iii) huge domestic protection gap.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Also, valuations are inexpensive vs historical levels (trading near -2.0SD P/B). Retain BUY but with a lower GGM-TP of RM5.00 (from RM5.55), based on 2.96x FY20 P/B,” it said.</p></div>


KUALA LUMPUR (April 17): Hong Leong IB Research (HLIB) has maintained “Buy” on Syarikat Takaful Malaysia Keluarga Bhd (STMB) at RM4.29 with a lower target price (TP) of RM5 (from RM5.55) and said although management remained optimistic with its short-term outlook, HLIB was wary of some negative k...

HLIB Research lowers target price for Takaful to RM5

Companies Commission of Malaysia issues directive to Ewog’s trustee to freeze trust account funds

BEIRUT (April 28): France's foreign minister will push proposals to prevent further escalation and a potential war between Israel and Iran-backed Hezbollah during a visit to Lebanon on Sunday, as Paris seeks to refine a roadmap that both sides could accept to ease tensions.

France's foreign minister looks to prevent Israel-Hezbollah conflict escalation in Lebanon visit

KUALA LUMPUR (April 28): Malaysia is on a mission to explore various economic opportunities and attract new investments at the World Economic Forum (WEF) Special Meeting in Riyadh, Saudi Arabia, which will last two days starting Sunday.

Anwar on a mission to explore economic opportunities, attract new investments at WEF

RIYADH (April 28): Malaysian Prime Minister Datuk Seri Anwar Ibrahim arrived here on Saturday (April 27) night for a three-day working visit to participate in the World Economic Forum’s (WEF) Special Meeting.

Anwar arrives in Riyadh for World Economic Forum Special Meeting

HULU SELANGOR (April 27): The Selangor government, via several subsidiaries, including the Selangor Menteri Besar (Incorporation) or MBI, has signed memoranda of understanding (MOUs) with several technology companies in Germany, in an effort to further develop the state.

Selangor signs MOU with tech firms in Germany

(April 28): A higher-for-longer interest rate environment is burnishing the credentials of cheap Chinese stocks and driving value investment strategies in Asia.

Fed repricing gives rise to new equities playbook in Asia

Jazz luminary Tay Cher Siang and songstress Janet Lee share their journey through the vibrant world of jazz, each shaped by unique encounters and cultural influences. For Tay, a chance encounter with Astrud Gilberto’s Corcovado sparked a lifelong passion for jazz, rooted in Malaysia’s rich tapestry of sounds and traditions. His eclectic approach to music, termed “cham cham jazz”, celebrates the country’s multicultural essence, blending diverse elements into a harmonious fusion.

Jazz is their jam

Boustead Properties Bhd will unveil its latest transit-oriented development in Mutiara Damansara in the third quarter of 2024 (3Q2024). A redevelopment project of the eCurve mall, which began operating in 2006 and was closed in 2021, The Lines will be part of the developer’s efforts to elevate the neighbourhood through the Mutiara Damansara revitalisation plan. The overall plan will take about 10 to 15 years to complete with an estimated gross development value of RM8.9 billion.

Reimagining Mutiara Damansara

Russia and Ukraine exchanged fire on energy facilities overnight, with an oil refinery damaged in Russia’s Krasnodar region, while Ukraine sustained a missile barrage on gas infrastructure and other targets.

Russia, Ukraine exchange strikes on refinery and gas targets

Deutsche Bank AG is putting aside as much as €1.3 billion (US$1.4 billion or RM6.6 billion) in legal provisions, warning this will hit profits.

The bank will book the potential payment in the current quarter, it said in a statement late on Friday. That will impact “second quarter and full-year profitability”, it said, while adding that the ultimate amount of the provisions is not clear yet.

Deutsche Bank earmarks US$1.4b provision in hit to profit

<p>Boustead Properties Bhd will unveil its latest transit-oriented development in Mutiara Damansara in the third quarter of 2024 (3Q2024). A redevelopment project of the eCurve mall, which began operating in 2006 and was closed in 2021, The Lines will be part of the developer’s efforts to elevate the neighbourhood through the Mutiara Damansara revitalisation plan. The overall plan will take about 10 to 15 years to complete with an estimated gross development value of RM8.9 billion.</p>


<p>(April 28):&nbsp;A higher-for-longer interest rate environment is burnishing the credentials of cheap Chinese stocks and driving value investment strategies in Asia.&nbsp;</p>


<p>HULU SELANGOR (April 27): The Selangor government, via several subsidiaries, including the Selangor Menteri Besar (Incorporation) or MBI, has signed memoranda of understanding (MOUs) with several technology companies in Germany, in an effort to further develop the state.</p>


<p>RIYADH (April 28): Malaysian Prime Minister Datuk Seri Anwar Ibrahim arrived here on Saturday (April 27) night for a three-day working visit to participate in the World Economic Forum’s (WEF) Special Meeting.&nbsp;</p>


<p>Jazz luminary Tay Cher Siang and songstress Janet Lee share their journey through the vibrant world of jazz, each shaped by unique encounters and cultural influences. For Tay, a chance encounter with Astrud Gilberto’s Corcovado sparked a lifelong passion for jazz, rooted in Malaysia’s rich tapestry of sounds and traditions. His eclectic approach to music, termed “cham cham jazz”, celebrates the country’s multicultural essence, blending diverse elements into a harmonious fusion.&nbsp;</p>


<p>Companies Commission of Malaysia issues directive to Ewog’s trustee to freeze trust account funds</p>


<p>KUALA LUMPUR (April 28): Malaysia is on a mission to explore various economic opportunities and attract new investments at the World Economic Forum (WEF) Special Meeting in Riyadh, Saudi Arabia, which will last two days starting Sunday.</p>


<p>BEIRUT (April 28): France's foreign minister will push proposals to prevent further escalation and a potential war between Israel and Iran-backed Hezbollah during a visit to Lebanon on Sunday, as Paris seeks to refine a roadmap that both sides could accept to ease tensions.</p>
