<div class=newsTextDataWrapInner>KUALA LUMPUR (June 14): RHB Research Institute Sdn Bhd has maintained its “Buy” rating on Berjaya Food Bhd at RM1.77 with a lower target price of RM1.95 (from RM2) and said Berjaya Food’s FY19 results underperformed against forecasts due to higher-than-expected losses at Kenny Rogers Roasters (KRR).</div>

<div class=newsTextDataWrapInner>In a note today, the research house nonetheless said KRR’s overall performance improved with smaller losses, whilst breadwinner,</div>

<div class=newsTextDataWrapInner>“Starbucks continued to anchor earnings with a solid performance.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“Valuations are not overly demanding, with the stock trading below its 5-year mean despite positive growth prospects and operational improvements being delivered,” it said.</div>

KUALA LUMPUR (June 14): RHB Research Institute Sdn Bhd has maintained its “Buy” rating on Berjaya Food Bhd at RM1.77 with a lower target price of RM1.95 (from RM2) and said Berjaya Food’s FY19 results underperformed against forecasts due to higher-than-expected losses at Kenny Rogers Roasters (KR...

RHB Research lowers target price for Berjaya Food to RM1.95

Chinese developer Country Garden Holdings Co, one of the biggest symbols of the nation’s broader property debt crisis, won approval to push back payments on three yuan bonds, people familiar with the matter said, staving off its first local default for now.

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I-Bhd, which develops properties and operates theme parks, said on Wednesday it is planning to issue preference shares to its major shareholder in a deal that could raise up to RM100 million.

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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.

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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.

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The original Canary Wharf estate has become a poster child for the problems facing office landlords. Ageing buildings, the new demands of flexible work and a banking industry upended by the global financial crisis have led to a steady drumbeat of shrinking demand and departing tenants over the past months.

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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.

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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.

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

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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.

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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.

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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.

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;

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

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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.

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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.

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.

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RHB Retail Research said Censof Holdings Bhd is observing a technical breakout after climbing above the 26.5 sen immediate resistance on surging trading volume.

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The ringgit rebounded in early trade on Wednesday as the US dollar retreated after S&amp;P Purchasing Managers' Index (PMI) data disappoint.

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