Morning Call; Local Sentiment Expected To Remain Tepid Ahead Of Interest Rate Decision By The US
Local Sentiment Expected To Remain Tepid Ahead Of Interest Rate Decision By The US
“On the local bourse, the FBM KLCI (+1.1%) snapped an 8-day losing streak on the back of bargain hunting activities after more than two-thirds of the key index components performed the relief rally.”
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RHB Research Has A Neutral Call On The Automotive Sector With Sime Darby And Bermaz Auto As its Top Picks
“On Sime Darby and Bermaz Auto, it said that sector 1Q22 results were mixed – two players beat estimates, one was in line, and two missed forecasts. The Sales & Service Tax (SST) exemption continued to fuel orders, while supply remained tight.”
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Two Stocks to Keep An Eye on: Press Metal and Guan Chong
“PMetal is eyeing for a rebound from its support level – it bounced off positively yesterday following Monday’s “Hammer” bullish reversal candlestick. If the positive momentum persists towards breaching the MYR5.01 resistance, a bullish bias may be observed above this level.”
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Malaysia Attracts RM42.8 Billion In Approved Investments For Q1 2022
“During the period, the manufacturing sector continued to assume an important role in driving the country’s economic recovery, accounting for more than half (70.1 per cent) of total approved investments of RM30 billion, followed by the services sector at RM12.7 billion (29.7 per cent) and the primary sector at RM0.1 billion (0.2 per cent).”
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Carsome Announces Appointment Of Advisory Board to Further Strengthen Regional Leadership
“The advisory board is made up of individuals of various specializations, dynamic perspectives and deep expertise who will provide insights, connect networks and share experiences in building and scaling technology companies in the region.”
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