BusinessToday's Trending Stories
Top Glove’s 1H Losses Narrows To RM87 Million, Expects Profitability By 2H
Top Glove Corporation announced its financial results for the Second Quarter results with sales revenue declining to RM550 million as compared to RM618 million recorded in the same quarter in the preceding year. Loss After Tax narrowed to RM40 million as oppose to RM154 million for the year before. The group however did see QoQ 12% rise in revenue.
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CIMB Securities Appoints Former Credit Suisse MD And Three Others As Directors
CIMB Securities Sdn Bhd has announced the appointment of four experienced professionals, namely Stephen Hagger, Novan Amirudin, Tan Ting Min and Julia Hashim to its Board of Directors with immediate effect.
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Fresh Vegetable Distributor Farm Price Seeks Listing On Ace Market
Johor-based wholesaler and distributor of fresh vegetables and F&B products, Farm Price Holdings Berhad is seeking to raise funds for expansion via a listing exercise on the ACE Market of Bursa Malaysia Securities.
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BNM Forecasts Malaysia’s Economy To Remain Resilient And Grow By 4% – 5%
The Malaysian economy is projected to grow between 4% and 5% in 2024.
This will be supported by the resilient domestic demand and improvement in external demand, Bank Negara Malaysia (BNM) said today (Mar 20) in presenting its Economic and Monetary Review 2023 (EMR 2023), which sets out BNM’s economic assessments and forecasts.
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Telekom Malaysia Attractive Vs. Peers, CGS Reiterates Add Albeit Unchanged TP
CGS International (CGS) leaves their core profits estimates on Telekom Malaysia (TM) largely unchanged but have removed their tax break assumption for FY24F, following management guidance.
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JCorp To Develop Malaysia’s ‘Silicon Valley’ With GDV Of RM980 Million
The global biotechnology (biotech) market is on track for exponential growth, projected to nearly quadruple its 2020 value by 2030, with the Asia Pacific region emerging as a focal point for technological advancement in this sector.
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Hang Seng Index Futures: Falling Below The 20-Day SMA Line
The HSIF fell below the 20-day SMA line yesterday to close lower at 16,551 pts – breaching the 16,600-pt support.
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Surging The Power Distribution Industry, MSSB Projects Positive Growth For Powerwell
Powerwell Holdings Berhad (Powerwell) has more than 38 years of experience in power distribution business and has strong business relationship with Siemens and Schneider. They could benefit from the booming data center, utilities (RE) and infrastructure projects.
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Running Like The Wind, Buy Issued For Gamuda On Potential To Expand, Says RHB
RHB Investment Bank (RHB) expects Gamuda Berhad’s (GAM) 2QFY24 (Jul) core profit to be MYR200m-220m, possibly translating to a 3-13% QoQ and YoY growth.
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Stock Picks Of The Day – Pekat Group, Cosmos Technology International
Pekat Group is set for an uptrend rebound after recently rebounding strongly and surpassing the MYR0.45 mark while consolidating above this level yesterday.
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