. 1QCY21) core net profit of RM113m( note that the group has changed its financial year-end to June

expected to be completed by 1QCY22.... " EV/ planted Ha for the TSH-SKSB deal is at c. RM84.6k, which

KUALA LUMPUR: MIDF Research continues to be positive on the oil palm sector with CY21 crude palm oil( CPO) target price of RM3, 600 a tonne. The research house said on Friday it can conclude the misconception of Malaysia’s palm oil industry persists despite all the initiatives that have been taken by the players in the plantation sector.“ Our local plantation players are taking this matter very seriously with good participation.... Hence, we opine that a more thorough analysis on the plantation

KUALA LUMPUR: Despite the challenges facing the glove industry, Kenanga Research believes that the most significant period of earnings downgrades is over. This optimism is supported by the reduction in cost pressures and the savings generated from decommissioning older plants moving into the second half of 2023.“ In the meantime, any further decommissioning of older production facilities from local players could take more supply pressures off the sector.“ Industry capacity cutbacks should bring

KUALA LUMPUR: Kenanga Investment Bank Research is retaining its neutral outlook on the telecommunications sector as it expects the Big 3 to continue regaining postpaid market share, albeit to the detriment of their average revenue per unit( ARPUs).In its research note on Friday, it said moving forward, telcos will look to drive growth through the enterprise and fibre-to-the home( FTTH) segments.“ We foresee Celcom Digi Bhd to achieve revenue synergies in FY24 at the earliest, ” it said. Kenanga

KUALA LUMPUR: Sunway is AmInvestment Research's top pick among the property companies due to its consistent sales performance despite a soft property market.In its research note on Thursday, it had a fair value of RM2.20 for Sunway underpinned by its attractive products in good locations and a strong brand recognition arising from highly successful landmark developments.“ We also like its expanding healthcare business, coupled with good earnings visibility supported by substantive unbilled sales