Saturday, January 6th, 2018


Bull run continues to push Bursa Malaysia higher

KUALA LUMPUR: Bursa Malaysia’s bull run continued yesterday, with the Composite Index (CI) opened firmer as the bullish market sentiment continued to fuel investors’ risk appetite, dealers said. At closing, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,808.5, up 5.05 points from Thursday’s close of 1,817.97 after opening 1.34 points better at […]

Potential OPR hikes suggest no property sector rebound

KUCHING: In light of new findings in relation to the overnight policy rate (OPR) impact on the property development sector and investor sentiment, Kenanga Investment Bank Bhd (Kenanga Research) believed rebound plays in the property sector will be taking a backseat for now in 2018. With property loan indicators which have been showing continued improvement […]

UMW to see strong earnings rebound in FY18

KUCHING: UMW Holdings Bhd (UMW) could see a strong earnings rebound in the financial year 2018 (FY18), underpinned by higher vehicle sales and margin expansion due to the stronger ringgit, analysts observed. In a re-initiation coverage report on UMW, the research arm of Maybank Investment Bank Bhd (Maybank IB Research) said: “We believe that the […]

Demand for semiconductor products remains robust

KUCHING: The worldwide sales of semiconductor does not display signs off cooling, and as such, analysts expect demand for semiconductor products to remain robust. However, MIDF Amanah Investment Bank Bhd’s research arm (MIDF Research) noted that the growth rate may trend lower mainly due to the high base effect while the annual growth rate is […]

World stocks up; US Treasury yields rise despite jobs report (VIDEO)

NEW YORK, Jan 6 — World stocks continued their strong start to 2018, with both the S&P and Nasdaq posting their best weekly gains in more than a year, while US Treasury yields rose despite a weaker-than-expected US jobs report. MSCI’s gauge…

Morgan Stanley to take US$1.25 billion hit in fourth-quarter from tax bill

NEW YORK, Jan 6 — Morgan Stanley said yesterday it would take a US$1.25 billion (RM4.9 billion) hit in its fourth-quarter earnings due to a cut in corporate tax rate as part of the US tax code overhaul. The net blow of the bill to the bank…

Strong ringgit, strong fundamentals

KUALA LUMPUR, Jan 6 — The strengthening of the ringgit against the US dollar to break the psychologically significant 4.0 level to US$3.99 — a 16-year high — is testimony to the strength of the Malaysian economy. The country continues to…