British American Tobacco (Malaysia) Bhd
(Jan 3, RM15.18)
Upgrade from reduce to hold with an unchanged target price (TP) of RM15.45: British American Tobacco (Malaysia) Bhd’s (BAT) share price has plunged by 19.2% since it announced its third quarter of financial ye...

BAT to reinvest opex savings in marketing for new products

Mynews Holdings Bhd
(Dec 20, RM1.07)
Maintain add with a lower target price (TP) of RM1.35: MyNews Holdings Bhd’s fourth quarter of the financial year ended Oct 31, 2019 (4QFY19) revenue rose to RM139.8 million (+6.2% quarter-on-quarter [q-o-q]), thanks to more new ...

Strong earnings growth prospects seen for MyNews

Telecommunications sector
Maintain neutral: In September-December, Celcom Axiata Bhd launched XP Lite to address the fierce competition in the low-average revenue per user segment and offered rebates to subscribers who register online. Maxis Bhd’s new RM99/month Hotlink Fl...

Malaysian telecommunications sector remains active, competitive

Eco World International Bhd
(Dec 13, RM1)
Downgrade to hold with a higher target price (TP) of RM1.04: Eco World International Bhd’s (EWI) financial year ended October 2019’s core earnings (excluding foreign exchange movement) came in above expectations, at 127% of ...

Stronger FY20 earnings seen for Eco World International

CapitaLand Malaysia Mall Trust
(Dec 12, RM1.03)
Maintain hold with an unchanged target price of RM1.03: We were among 20 to 25 sell-side analysts joining CapitaLand Malaysia Mall Trust’s (CMMT) site tour of Sungei Wang Plaza’s newly refurbished and enhanced Jumpa, a...

CMMT seen to offer attractive dividend yields for FY19 to FY21

Property sector
Maintain neutral: Overall, the combined forecasted financial year 2019 (FY19F) new property sales targets for the six property developers under our coverage (based on the companies’ sales guidance) were lower than their combined FY18 new property sales targ...

Greater demand seen for affordable residential property

GHL Systems Bhd
(Dec 5, RM1.32)
Maintain hold with an unchanged target price (TP) of RM1.45: We attended GHL Systems Bhd’s third quarter of financial year 2019 (3QFY19) post-results briefing together with 15 analysts and fund managers at the group’s headquarters in ...

Better margin expected for GHL Systems on higher e-payment TPV

British American Tobacco (Malaysia) Bhd
(Dec 4, RM15.62)
Maintain reduce with an unchanged target price (TP) of RM15.45: The Dec 2 to 8 edition of The Edge Malaysia weekly features a special report with a double-bill interview, one with Deputy Health Minister Dr Lee...

Vaping market a possibility for BAT

Berjaya Food Bhd
(Dec 3, RM1.38)
Maintain add with an unchanged target price (TP) of RM1.63: The Edge Malaysia weekly recently reported that Berjaya Corp Bhd (BCorp) is in talks to dispose of a substantial stake in Kenny Rogers International Corp (KRRI) to a foreign...

BFood seen to expand its store base with smaller-format outlets

7-Eleven Malaysia Holdings Bhd
(Dec 2, RM1.43)
Maintain add with an unchanged target price (TP) of RM1.68: 7-Eleven Malaysia Holdings Bhd (SEM) has entered into a conditional share sale agreement (SSA) to acquire 55.2 million shares or a 25.4% stake in Caring Pharma...

7-Eleven Malaysia’s Caring stake buy may be earnings-accretive

PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

No specific names discussed for Sabah PKR State Leadership Council head, says Fahmi

Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...

The Frontiers Of Growth : How to Govern the Bretton Woods Institutions Better

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

Bitcoin ‘halving’ cuts supply of new tokens in threat to miners

A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.

Philippines wants US, Japan to take over rail deal eyed by China

The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

World Bank wins US$11b in pledges to boost lending for climate, global crises

Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.

IMF concerned about debt, fiscal challenges facing low-income countries

The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.

Ringgit likely to trade around 4.78 versus greenback next week

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

The Week Ahead: Eyes on March inflation, US 1Q GDP and tech earnings

Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".

Fed survey cites inflation, US election as key financial stability risks

Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

Former IGP Tun Hanif Omar passes away

KUALA LUMPUR (April 19): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Shares of Sapura Energy Bhd have been suspended from trading, pending a material announcement. The suspension took effect from 2.30pm onwa...

Sapura Energy, PIE Industrial, LSH Capital, YX, Westports, Yinson, Sime Darby Property, MISC, Meta Bright, EG Industries, Hextar, Uzma, Nova MSC and Iconic Worldwide

Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.

Enegem: Malaysia edges closer to RE exports

All travellers entering or leaving Singapore carrying Physical Currency and Bearer Negotiable Instruments (CBNI) that are valued more than S$20,000 or its equivalent in a foreign currency, must submit the necessary declarations electronically with effect from May 13.

Travellers to and from Singapore carrying over S$20,000 must submit online declaration from May 13

Prime Minister Datuk Seri Anwar Ibrahim arrived in Kota Kinabalu on Friday night for a one-day working visit to the state.

Anwar's plane landed at Terminal Two, Kota Kinabalu International Airport at 11.40pm, where he was greeted by Chief Minister Datuk Seri Hajiji Noor.

Anwar arrives in Kota Kinabalu for one-day visit

The Nasdaq and the S&amp;P 500 ended lower on Friday as Netflix shares weighed, but American Express (AmEx) kept the Dow afloat after quarterly earnings from both companies, while growing pessimism that the Federal Reserve (Fed) would cut interest rates soon also dented sentiment.

Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

Israel's apparent strike on Iran after days of vacillation was small and appeared calibrated to dial back risks of a major war, even if the sheer fact it happened at all shattered a taboo of direct attacks that Tehran broke days earlier.

Prime Minister Benjamin Netanyahu's war cabinet had initially approved plans for a strike on Monday night inside Iranian territory to respond forcefully to last Saturday's missile and drones from Iran, but held back at the last-minute, three sources with knowledge of the situation said.

Israel's Iran attack carefully calibrated after internal splits, US pressure

Parties in the Unity Government have their methods to ensure a win in the Kuala Kubu Baharu by-election next month, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Ahmad Zahid, who is also Barisan Nasional (BN) chairman, said this was discussed at the Unity Government secretariat meeting on Wednesday.

Unity Govt parties have ways to ensure victory in Kuala Kubu Baharu polls — Ahmad Zahid