Morning Call; Consumer, REIT’s And Utilities Stocks to Gain Traction
Consumer, REIT’s And Utilities Stocks to Gain Traction
“It said that Wall Street saw a recovery overnight, and it expects to see improving trading activities on the local front, especially in the technology sector with Nasdaq trading above 12,000.”
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Malaysia To Deepen Cooperation With Japan On Aerospace Industry
“The National Aerospace Industry Corporation Malaysia (NAICO Malaysia) will be the main focal point for the MOC’s initiatives, particularly in engineering & design; aerospace manufacturing; maintenance, repair & overhaul; Research & Technology; and human capital development.”
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Boustead Profits Surge 500% From Plantation Disposal And Overall Business Improvement
“During the quarter, the Group posted a higher Profit Before Taxation and Zakat (PBT) of RM683.1 million as compared with PBT of RM121.3 million in the corresponding quarter of the previous year (Q1FY2021). Profit After Taxation and Zakat (PAT) stood at RM559.6 million against PAT of RM87.4 million in Q1FY2021.”
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PropertyGuru Registers 42% Increase in Revenue On The Back Of Increased Confidence In SEA Economies
“The Company confirmed that it is on track to achieve its full-year guidance for 2022. It expects to deliver year-on-year revenue growth of approximately 44%, driven by the strong start to 2022 and continued growth across all core markets as the region emerges from the impact of COVID-19.”
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Shanghai Introduces 50 Policies To Turbo Boost Economy
“Additionally, it will reduce rent, property tax, and urban land use tax for qualified enterprises. And will grant subsidies for non-residents on water, electricity, and natural gas fees. China says the measures are being taken to stabilise foreign capital, encourage consumption, and expand investment.”
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