towards the construction and engineering counter. However, a sustainable rerating of the company’s

the group’s growth prospects. The research house said there is a rerating opportunity based on the

rerating upwards in anticipation of lower interest rates and stronger earnings growth, ” said Yousuf

He attributed the upward momentum of the index to a more balanced current account — which has reduced fears of currency devaluation — in addition to cheap valuations, that led to continued foreign interest. Farooq further highlighted the positive aspects of growth in exports, agriculture, and fiscal prudence by the government in the first quarter of the year.He explained that over the past 5 years, earnings for most sectors kept growing — at least in rupee terms — while stock prices continued to

PETALING JAYA: Hong Leong Investment Bank( HLIB) Research is optimistic of Kimlun Corp Bhd’s prospects, underpinned by the group’s strong order book. Following a meeting with the group, HLIB Research said it was able to reverse the sluggish trajectory it experienced in the financial year ended December 2023( FY23).“ Sluggish core profit after tax and minority interest of RM7. 1mil( down 80.6% year-on-year) trajectory is expected to reverse in FY24, ” the research house said. Going forward, Kimlu

Japan and India are the most favoured markets in the Asia Pacific region, reveals the fund manager survey( FMS) conducted by Bank of America( BofA).... The global FMS also showed while investors remained cautious on macro, they have turned bullish on interest rates.... Many said the investor playbook for 2024 revolves around soft landing, lower rates, weaker US dollar, and large cap technology stocks....

PETALING JAYA: The completion of clinical trials of an Alzheimer’s drug by Genting Bhd’s unit, TauRx Pharmaceuticals Ltd, will provide greater visibility to its path to profitability, according to analysts. Earlier this week, Genting’s 20.3%-owned TauRx Pharmaceuticals said the initial phase three clinical trial data for its Alzheimer’s drug showed favourable results. While TauRx said this did not represent positive top-line results for the clinical trial, analysts believe that it puts the drug

PETALING JAYA: Malaysia Airports Holdings Bhd( MAHB) has announced that about 10, 000 staff at airports across Malaysia are ready to accommodate the high frequency of flights following the festive season and the expected passenger surge. Managing director Datuk Iskandar Mizal Mahmood said MAHB was one of the companies that did not lay off employees and they were ready to welcome passengers.“( We have) enough staff, we are one of the companies that did not carry out direct retrenchments.... So w

PETALING JAYA: Malayan Banking Bhd’s group global banking( GGB) division’s pre-provisioning operating profit( PPOP) is anticipated to increase by 3% to 5% per annum over the next three to five years. According to CGS-CIMB Research, the division’s PPOP to set increase by 3% to 5% per annum over the next three to five years years. However, the research house did not expect any significant pick-up in the growth of the PPOP and revenue in the medium term, given its large revenue and PPOP base as wel

PETALING JAYA: Malayan Banking Bhd’s group global banking( GGB) division’s pre-provisioning operating profit( PPOP) is anticipated to increase by 3% to 5% per annum over the next three to five years. According to CGS-CIMB Research, the division’s PPOP to set increase by 3% to 5% per annum over the next three to five years years. However, the research house did not expect any significant pick-up in the growth of the PPOP and revenue in the medium term, given its large revenue and PPOP base as wel