Morning Call; Energy And Plantation Stocks To Remain Volatile Arising From Declining Commodity Prices
Energy And Plantation Stocks To Remain Volatile Arising From Declining Commodity Prices
“The stockbroking firm said that while the overnight gains on Wall Street may spill over to the local bourse, it reckons any gains should be short-lived on the back of mounting concerns over potential recession as well as the inflationary pressure that may hit corporate earnings going forward.”
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Sunway REIT Acquires Industrial Property In PJ For RM60 Million
Dato’ Jeffrey Ng, the CEO of Sunway REIT Management Sdn. Bhd. remarked, “Our strong balance sheet places Sunway REIT in a position of strength to continue our active pursuit of yield-accretive acquisition opportunities that are present in the market.”
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Six Additional Foreign Carriers In May To Boost Recovery
Managing Director of Malaysia Airports Dato’ Iskandar Mizal Mahmood said, “With the reopening of borders two months ago, Malaysia Airports has recorded an average monthly increase of more than 50% in international traffic. The demand is there for airlines to seize the opportunity and speed up recovery.”
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BNM International Reserves Down About 10% To US$109.2 Billion
“The international reserves of Bank Negara Malaysia amounted to USD109.2 billion as of 15 June 2022, down from US$112.8 billion in May. The reserves position is sufficient to finance 5.5 months of imports of goods and services and is 1.1 times the total short-term external debt.”
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