<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 2): RHB Research Institute Sdn Bhd has maintained its “Buy” rating Bursa Malaysia Bhd at RM6.71 with a lower target price (TP) of RM7.40 (from RM7.60) and said its TP for Bursa is pegged to 26x 2020 EPS (3-year historical average).</div>

<div class=newsTextDataWrapInner>In a note today, the research house said Bursa’s 2Q19 securities average daily value (SADV) dropped 23% y-o-y to RM2.21 billion, and RHB Research has conservatively assumed 2019 SADV of RM2.28 billion (2018: RM2.57 billion).</div>

<div class=newsTextDataWrapInner>“1H19 net profit of RM93.2 million accounted for 42% of our pre-results 2019 projection, and is below expectations.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“However, we believe SADV is likely to improve for 2020,” it said.</div>

KUALA LUMPUR (Aug 2): RHB Research Institute Sdn Bhd has maintained its “Buy” rating Bursa Malaysia Bhd at RM6.71 with a lower target price (TP) of RM7.40 (from RM7.60) and said its TP for Bursa is pegged to 26x 2020 EPS (3-year historical average).

In a note today, the research house s...

RHB Research lowers target price for Bursa Malaysia to RM7.40

KUALA LUMPUR (April 19): MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times ahead of its listing on the Bursa Malaysia Main Market on April 30.

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West Ham United forward Michail Antonio criticised the refereeing in Thursday's Europa League quarter-final against Bayer Leverkusen and said his side were "playing against 14".

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Saudi Arabia will need a higher oil price than previously thought this year as the Opec+ leader spearheads the group’s production cuts, according to the International Monetary Fund.

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KUALA LUMPUR (April 19): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon close today. Four stocks displayed negative momentum while one stock displayed positive momentum

Stocks with negative momentum were:


	Kimlun Corp Bhd - unch...

Kimlun, Mclean, Poh Kong, Tomei, BM Greentech

Vietnam's central bank said on Friday it had continued providing support to Saigon Joint Stock Commercial Bank (SCB), which it put under special supervision in October 2022 after a run on its deposits.

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The Federal Court of Australia has fined Macquarie Bank A$10 million (RM30.6 million) for its lack of controls to detect and prevent unauthorised fee transactions carried out by third parties on customer accounts, the securities regulator said on Friday.

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Shares of Sapura Energy Bhd will be suspended from trading pending an announcement, the company said on Friday.

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Bursa Malaysia Bhd’s core net profit may have risen 34% in the first quarter, from a year earlier, on higher securities and derivatives trading activity when the exchange operator reports its results, Hong Leong Investment Bank said.

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Israel launched an attack on Iranian soil on Friday, sources said, in the latest tit-for-tat exchange between the two arch foes, whose decades of shadow war has broken out into the open and threatened to drag the region deeper into conflict.

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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;

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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.

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Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports Israel attacked Iran in a continuing series of assaults that have increased concerns of a wider Middle East conflict.

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RHB Investment Bank Bhd (RHB IB) on Friday upgraded Public Bank Bhd to “buy” from “neutral”, with a higher target price (TP) of RM4.80 (from RM4.70).

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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.

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Shares of Sapura Energy Bhd will be suspended from trading pending an announcement, the company said on Friday.

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The escalating tensions in the Middle East have influenced market sentiment and shifted investors' emphasis to the energy, finance and plantation sectors, which helped boost the FBM KLCI higher by midday on Friday.

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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.

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Malaysia’s exports contracted at a slower than expected pace in March mainly due to lower foreign demand for electronics while shipments to China fell, official data Friday showed.

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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.

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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.

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Malaysia’s Axiata merger with Bharti Airtel of India raises earnings concern — analysts

Melaka State Secretary Datuk Zaidi Johari died of a heart attack this morning. He was 54.

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Melaka State Secretary Zaidi dies of heart attack

Malaysia Airlines has commenced the gradual reinstatement of flights to and from Sabah, Sarawak and Labuan since the evening of April 18, in response to prevailing weather conditions.

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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.