Morning Call; Investors To Look For Bargains In Consumer, Banking and REIT’s
Investors To Look For Bargains In Consumer, Banking and REIT’s
“On the local bourse, Malacca Securities said that the FBM KLCI slumped for the sixth straight session amid regional weakness, marking its longest losing streak since January 2022. The FBM KLCI (-0.9%) marked its sixth straight session of losses with more than two-thirds of the key index components closed in the red yesterday.”
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Bank Negara Enhances Efforts To Combat Rising Instances Of Financial Frauds
“BNM has been collaborating with Polis Diraja Malaysia, Malaysian Communications and Multimedia Commission, and the financial industry to coordinate efforts in combating financial fraud and scams, and to create greater public awareness of new fraud tactics.”
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Protasco Contract With Terengganu State Expanded To RM171.8 Million
“Under the principal agreement, the Government awarded Permint Granite-HCM Sdn Bhd a 5-year contract to maintain minor roads in the state of Terengganu for a total contract sum of RM49.9 million that has expired in April 2022.”
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Ban On Exports Of Chicken And Withdrawal Of Subsidy Likely To Add To Food Security Conundrum
An analyst is a stockbroking firm said that the right thing for the government to do was to allow the market forces to dictate the price, but the government could subsidise the buyers through cash-hand outs. “In this way, breeders could continue their operations and at the same time consumers could buy chicken at a reasonable price,” he said.
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