Yinson Holdings Bhd
(Jan 22, RM4.17)
Maintain buy with a higher fair value (FV) of RM5.05: We maintain “buy” on Yinson Holdings Bhd (Yinson) with a higher sum-of parts (SOP) FV of RM5.05 per share (from an earlier RM4.50 per share), which implies a financial year 20...

Yinson to secure new FPSO projects with massive cash pile

Ann Joo Resources Bhd
(Jan 18, RM3.51)
Maintain buy with an unchanged fair value (FV) of RM4.34: We reiterate our “buy” recommendation on Ann Joo Resources Bhd with unchanged forecasts. Our FV is based on 10 times financial year 2018 (FY18) fully diluted earnings pe...

Ann Joo to see stronger demand from infrastructure projects

Banking sector
Maintain overweight call: Industry loan growth climbed to 5.8% year-on-year (y-o-y) in August 2017, after a drop in the previous month to 5.6% y-o-y. This improvement was contributed by a stronger growth in non-household loans, while household loan growth re...

Sime Darby unit listings bode well for banking sector

This article first appeared in The Edge Financial Daily, on November 1, 2016.

 

CIMB Group Holdings Bhd
(Oct 31, RM5.03)
Maintain buy with an unchanged target price of RM5.40: CIMB Group Holdings Bhd’s 92.5%-owned In...

CIMB Niaga records improvement in net profit

This article first appeared in The Edge Financial Daily, on October 31, 2016.

 

Axiata Group Bhd
(Oct 28, RM5.03)
Maintain buy call with an unchanged target price of RM6.45: Axiata Group Bhd’s wholly-owned Celcom Axi...

Celcom upgrades Internet quotas

This article first appeared in The Edge Financial Daily, on June 6, 2016.

 

UMW Oil & Gas Corp Bhd

Outlook for UMWOG remains challenging in near to medium term

This article first appeared in The Edge Financial Daily, on June 1, 2016.

 

Bum...

Turnaround for Bumi Armada to begin in FY17

The government will make an announcement soon regarding the proposed 50% toll discount in conjunction with the Hari Raya Aidilfitri celebration.

Aidilfitri toll discount to be announced soon, says Nanta

Indonesia's rupiah snapped a three-day losing run and stocks extended gains on Thursday, a day after the central bank held rates as expected, while other Asian markets were lifted by the Federal Reserve (Fed) signalling two more rate cuts this year.

Asian stocks, currencies ride Fed optimism; Indonesia's rate hold lifts local markets

Swap markets in Asia are indicating a slight increase in bets on interest-rate cuts in the region as the dollar slumps.

Indian, Malaysian and Thai swaps are signalling more policy easing as the dollar’s weakness bolsters regional currencies, allowing central banks to focus on reviving growth instead of actively supporting their exchange rates.

Swap traders are betting on more interest-rate cuts in Asia

Local oil and gas services and equipment (OGSE) players must leverage energy transition expertise to reach downstream consumer markets, said Economy Minister Datuk Seri Mohd Rafizi Ramli.

Tap energy transition expertise to reach consumer markets, Rafizi tells O&G services and equipment players

Thailand is set to ease restrictions on alcohol sales and advertising, stepping up a push to liberalise a drinks market seen as likely to spur tourism and support smaller breweries.

Thailand set to relax 53-year-old ban on afternoon alcohol sales

US President Donald Trump said India will be hit by like-for-like duties from April 2, even as officials in New Delhi scurry to appease Washington by reducing trade barriers.

Trump says India won’t avoid being hit by tariffs on April 2

The Ministry of Economy will ensure that an integrated and appropriate policy focusing on high-growth and high-value (HGHV) industries continues in the preparation of the 13th Malaysia Plan (13MP) to boost the economy towards a higher and more complex value chain.

Rafizi: 13MP to continue integrated policy, focus on high-growth and high-value industries

Malaysia is well-positioned to strengthen its capital market, local businesses, and global competitiveness, backed by a conducive environment for family offices and a robust regulatory framework that encourages reinvestment of wealth within the country, said the Securities Commission Malaysia (SC).

Malaysia poised to strengthen capital market with family offices — SC

With the towering city centre skyline, which includes the Petronas Twin Towers, as its backdrop, Kampung Baru stands as the last Malay enclave in the heart of Kuala Lumpur city centre. The 125-year-old settlement is home to century-old traditional Malay houses and families who have lived there fo...

Exploring the last Malay enclave of KL city centre

IJM Corp Bhd (KL:IJM) has strongly refuted false and malicious allegations circulating online about the construction company and its leadership.

IJM Corp files report with MCMC over false allegations, warns of legal action

Top Glove Corporation Bhd (KL:TOPGLOV), the world’s largest natural rubber glove maker, remained in the black for the second consecutive quarter, thanks to a surge in sales.

Top Glove in the black for another quarter as sales surge

Once touted as a haven for investors to navigate Donald Trump’s tariff wars, Southeast Asia has all but lost that appeal as a region-wide stock rout deepens.

Haven bets on Southeast Asia fall apart as market selloff intensifies

Genting Malaysia Bhd (KL:GENM) is likely to remain a value trap given its weak earnings prospects, according to Phillip Capital Research.

Genting Malaysia likely to remain a value trap with weak earnings prospects — Phillip Research

IJM Corp Bhd (KL:IJM) has strongly refuted false and malicious allegations circulating online about the construction company and its leadership.

Nvidia Corp, whose products have fuelled a flood of artificial intelligence (AI) spending, said new types of AI models that produce more complex answers will only increase the need for computing infrastructure.

Nvidia CEO says fears about DeepSeek’s impact are misplaced

Taiwan Semiconductor Manufacturing Co (TSMC) risks giving up its lead over Tencent Holdings Ltd as Asia’s biggest company by market value, with investors focused on the latter’s artificial intelligence plans.

TSMC risks losing lead to Tencent as Asia’s largest company

Malaysia’s retail sales will accelerate in the first quarter of the year following a weaker-than-expected showing in the final three months of 2024, an industry research firm said on Thursday.

Malaysia's retail sales will pick up after weaker-than-expected 4Q — Retail Group Malaysia

Malaysia is looking for "structured engagement" with India in the latter's pursuit of a viable semiconductor manufacturing industry.

Malaysia's Deputy Minister of Investment, Trade and Industry Liew Chin Tong on a visit to India said Malaysia is keen to be part of "India's semiconductor story" by offering expertise in key areas.

Malaysia wants to be part of India's 'semiconductor story', says Liew

Asian shares were hobbled by weakness in Chinese&nbsp;markets&nbsp;on Thursday, and struggled to build on Wall Street's rally, even as investor sentiment was lifted by the prospect that the US Federal Reserve (Fed) could still deliver two rate cuts this year.

Slide in Chinese shares hampers Asian markets despite Fed optimism

A massive selldown by fund managers would only have a “mild” impact on the Malaysian market while their domestic funds remain relatively resilient, the latest stress test&nbsp;showed.

KLCI can withstand sharp sell-off by institutional investors, stress test shows

Microsoft Corp, alongside its partners and cloud-consuming customers, is projected to generate US$10.9 billion (RM48.3 billion) in new revenue between now and 2028 with the launch of its hyperscale cloud region, the Malaysia West Cloud Region in Kuala Lumpur.

Microsoft’s cloud expansion in Malaysia to generate US$10.9 bil in revenue, 37,575 jobs over three years — study

Gold rose to a new all-time high as policymakers projected slower growth and higher inflation after holding interest rates steady for a second-straight meeting on Wednesday.

Gold notches another new record high as Fed holds rates, sees higher inflation

Malaysia’s exports accelerated in February from a year earlier thanks to strong shipments of electronics and palm oil while deliveries to the US surged ahead of a slew of upcoming tariffs.

Malaysia's February exports growth accelerates, shipments to US surge ahead of Trump tariffs

Pawnbroker Well Chip Group Bhd (KL:WELLCHIP) looks set to ride on the coattails of record-high gold prices as underserved consumers turn to pawn loans, amid declining approval rates for conventional loan, Kenanga Research said.

Well Chip to benefit from high gold prices as consumers opt for pawn loans — Kenanga

For weeks the US economic picture has been darkening. If Wednesday was an opportunity for Federal Reserve (Fed) Chair Jerome Powell to raise the alarm, he took a hard pass.

Powell downplays growing risks, sees tariff impact as transitory

Stocks climbed and bond yields fell as Jerome Powell calmed tariff-obsessed investors, signaling the Federal Reserve saw no need for drastic action in the face of Donald Trump’s trade war.

US stocks get relief rally in best post-Fed day since July

The Kuala Lumpur City Hall (DBKL) is playing a facilitating role in ensuring that the relocation of the Dewi Sri Pathrakaliamman Temple from the private land in the busy Jalan Masjid India area to a new location can be resolved smoothly.

Mayor Datuk Seri Dr Maimunah Mohd Sharif said that as a party entrusted by the government, DBKL has taken proactive steps to come forward to help find the best solution for all parties involved.

DBKL to facilitate relocation of Dewi Sri Pathrakaliamman Temple

Malaysian property developers are optimistic that demand will pick up in the second half of the year, while staying cautious about rising costs of doing business ahead, according to an industry survey.

Developers optimistic property sales will pick up, cautious about rising costs, industry survey shows

Greatech Technology Bhd (KL:GREATEC) has strong potential for long-term growth as it transitions into higher-value process automation, thanks to its recent acquisition of a distressed company at an attractive valuation, according to Maybank Investment Bank (Maybank IB).

Greatech sees potential for long-term growth with newly acquired Manz Slovakia — Maybank IB

ANALYSTS largely believe that CIMB Group Holdings Bhd’s (KL:CIMB) Forward30 (F30) strategic plan — which aims to boost return on equity (ROE) to 12%-13% by 2027, from 11.2% in 2024, and ultimately position CIMB among Asean’s top quartile by 2030 — is not beyond reach, given its strong regional pr...

AmInvestment Research