Kenanga Research & Investment

Kenanga Today Highlights - 24 Jan 2024

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Publish date: Wed, 24 Jan 2024, 11:12 AM

NEWS HIGHLIGHTS

  • Sentral REIT's 4Q NPI up 30%, declares 0.7 sen DPU
  • AirAsia X achieves 80% passenger load factor for FY2023
  • YNH Property says it has received offers for its Mont Kiara mall
  • Hextar Capital to divest stakes in Unigel units, refocus resources on core businesses
  • Agmo sets up JV company to provide machine learning and AIpowered solutions

MACRO BITS

  • Chaos in Red Sea starting to bite into companies’ profits
  • Tourism sector capable of generating economy, creating spillover effects, says Anwar
  • Miti sets up independent committee for iron and steel industry
  • Miti will review target of 10,000 EV charging stations by 2025 — Zafrul
  • Water tariff adjustment: Armizan hopes traders will not increase sale prices
  • Global outlier holds firm, yet eyes a hawkish turn (See Economic Viewpoint: Bank of Japan Monetary Policy Decision)
  • China to further expand oilseed production to reduce import reliance
  • Thailand says GDP growth fell in 2023, piling rate-cut pressure
  • Singapore Dec core inflation at 3.3% y-o-y
  • Unemployment rose in nearly a third of U.S. states in December
  • China's 'lackluster recovery' not having strong effect on US economy -Brainard
  • Fed to cut in Q2, probably June; economists less dovish than markets - Reuters poll
  • ECB says banks see eurozone credit demand bottoming out
  • Bank of England set to start on path towards interest rate cuts

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

  • Sector Update: Telecommunication
  • Results Note: AXREIT
  • Company Update: KPJ, MAHSING
  • Economic Viewpoint: Bank of Japan Monetary Policy Decision

Source: Kenanga Research - 24 Jan 2024

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