<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 25): MIDF Research has upgraded Parkson Holdings Bhd to Neutral (from Sell) with a revised price of RM2.44 (from RM2.51) and said Parkson’s 1QFY15 revenue expanded by a marginal 2.1% year-on-year (y-o-y), but its operating profit shrunk by 40% y-o-y to RM42.3 million.</p></div>

<div class=newsTextDataWrapInner><p>In a note Tuesday, MIDF Research said Parkson’s PATAMI declined by 34.2% y-o-y to RM20.2 million, attributed to weak overall performance especially from China’s operation.</p></div>

<div class=newsTextDataWrapInner><p>The research house said group operating margin declined by 40%, partly due to the losses on new stores and weaker sales growth.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Parkson’s share price had fallen substantially by around 25% since our last Sell call on August 2014.</p></div>

<div class=newsTextDataWrapInner><p>“Hence upgrade to Neutral from Sell with a revised target price of RM2.44 as we believe the current share price is reflective of its fair valuation,” it said.</p></div>


KUALA LUMPUR (Nov 25): MIDF Research has upgraded Parkson Holdings Bhd to Neutral (from Sell) with a revised price of RM2.44 (from RM2.51) and said Parkson’s 1QFY15 revenue expanded by a marginal 2.1% year-on-year (y-o-y), but its operating profit shrunk by 40% y-o-y to RM42.3 million.

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MIDF Research upgrades Parkson to Neutral, trims target price to RM2.44 

Israel has attacked Iran, three people familiar with the matter said, as Iranian state media reported early on Friday that its forces had destroyed drones, days after Iran launched a retaliatory drone strike on Israel.

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SEOUL (April 19): North Korea has released a new song praising leader Kim Jong Un for being a "friendly father" and a "great leader", in a move that appears to be part of a propaganda drive to enhance his standing in the reclusive state.

The music video for the song was aired on the sta...

North Korea releases song praising leader Kim as 'friendly father'

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<p>Israel has attacked Iran, three people familiar with the matter said, as Iranian state media reported early on Friday that its forces had destroyed drones, days after Iran launched a retaliatory drone strike on Israel.</p>


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<p>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.</p>


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<p>Shares of Awanbiru Technology Bhd (Awantec) fell as much as 53% on Friday, prompting Bursa Malaysia to suspend the counter’s intraday short selling (IDSS).&nbsp;</p>


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<p>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.</p>


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<p>Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports of a sharp escalation in Middle East hostilities.</p>


<p>Apple said on Friday it had removed Meta Platforms' WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.</p>


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<p>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.</p>


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<p>The amount of reserves in banking system — a key determinant for the Federal Reserve to continue shrinking its balance sheet — dropped by the most in two years as Americans paid income tax bills out of their bank accounts.</p>


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<p>The Malaysian rubber glove industry has demonstrated resilience and adaptability amidst challenging global dynamics, with optimism for a rebound in 2024, with an anticipated surge to approximately 450 billion pieces by 2027 despite a downturn in 2023, according to the Malaysian Rubber Glove Manufacturers Association (Margma).</p>


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


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<p>Cocoa futures hit a new high in New York — topping US$11,000 (RM52,624) a metric tonne — as the pace of processing in chocolate factories holds up even in the face of a global supply crunch and record prices.</p>


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<p>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.</p>


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