jfapex
Daily Highlights - 7 October 2020
Market Thoughts
US market plunged overnight after President Trump called off negotiations for a second coronavirus stimulus package until after November elections. Earlier, European stocks advanced following Trump's improved health.
On the local market, the FBM KLCI closed 2.96 points lower at 1509.47 points after surrendering intraday gains. Following the negative performance in Wall Street, the FBM KLCI could decline with support at 1475 points.
Among stocks to watch are AirAsia X after announcing a restructuring plan, Top Glove will be compensating RM136m to its migrant workers, SCGM hopes to export its face masks to the US, Bintai Kinden signed an agreement to distribute Covid-19 vaccine in Malaysia while Focus Dynamics will partner Oversea Enterprise to expand the Oversea restaurant brand to the global market.
Malaysia News & Highlights
Economics
- Fitch cuts CPO price forecast as La Nina seen boosting output
- Six telcos compounded RM700,000 — MCMC
Company Development and Outlooks
- Bintai Kinden to be distributor, licensee for Covid-19 vaccine in Malaysia
- Mr DIY aims to open 307 new stores by end-2021 to drive earnings and market share growth
- Top Glove to pay RM166m to migrant workers, US media says
- Mr DIY IPO to raise RM1.5b, including RM1.2b for promoters
- AirAsia is said to cease funding Indian venture as cash dwindles
- Duopharma to partner with OEM in Indonesia, Singapore
- Maybank sues Dolomite over RM152m outstanding payment
- SCGM seeks to export face masks to US
- PUC inks MOU with Pan Malaysian Pools for potential payment collaboration
Change in Boardroom and Management
- AirAsia X redesignates Lim Kian Onn as deputy chairman
- Tycoon Danny Tan's son Dickson resigns as Tropicana’s deputy CEO
Foreign News
- Dow closes more than 300 points lower after Trump calls off stimulus, causing sudden drop in stocks
- European markets close slightly higher after Trump returns to the White House
- Oil prices drop as Trump calls off stimulus negotiations; Asia-Pacific stocks mixed
- Southeast Asia’s classifieds start-up Carousell aims for profitability in 4 years, potential exit thereafter
- Apple announces 'speed' event next week, new iPhones expected
More articles on jfapex
Pesona Metro Holdings Berhad - Building the Future
Created by jfapex | Aug 26, 2024
Pesona is valued at RM0.46 based on a Sum of Parts valuation, which also corresponds to a 13.0x 1-year forward PER of the Group’s FY25F EPS of 3.5 sen. This valuation is a discount to Bursa Construc
Featured Posts
Latest Videos
Apps
Top Articles
2
3
save malaysia!
4
BFM Podcast
5
7
Good Articles to Share
Trump win to test limit of presidential power; Harris concedes but vows 'fight'
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
