Kenanga Research & Investment

Kenanga Today Highlights - 22 Jan 2024

kiasutrader
Publish date: Mon, 22 Jan 2024, 11:20 AM

NEWS HIGHLIGHTS

 

  • YNH reveals 2022 turnkey construction details, applies internal controls to address land deal disclosure oversight
  • LB Aluminium buys factories in Selangor for RM30m to boost warehousing space
  • Edelteq signs MOU with Chinese, local firms for semiconductorrelated ventures
  • Silver Ridge says several business proposals being discussed in UMA reply
  • Eupe Corp buys two more Sungai Petani plots for investment

MACRO BITS

 

  • Leaders at Davos see a global economy moving toward a new normal
  • Red Sea unrest is bad news for world’s fragile food supply
  • 4Q23 GDP grew 3.4% while 2023 growth moderated to 3.8% (See economic Viewpoint: Malaysia 4Q23 Advance GDP)
  • Exports remain weak in December; 2023 growth hit a 14-year low (See Economic Viewpoint: Malaysia External Trade)
  • Cabinet to decide on targeted subsidy mechanism next week, says Rafizi
  • Govt to retarget subsidies in phases, improve social assistance, says Armizan
  • Zafrul: EV sales to see rapid growth in 2024
  • Annual foreign investment flows into China shrink for the first time since 2012
  • Japan's core inflation slows for 2nd month, takes pressure off BOJ
  • Fed officials say data doesn’t show it’s time for a rate cut yet
  • NY Fed finds lower-incomes facing more financial stress
  • US fourth-quarter GDP to crown vigorous second half
  • Bank of England faces growing calls to drop language on hikes

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

 

  • Company Update: INARI, PETDAG
  • Economic Viewpoint: MY 4Q23 Advance GDP, MY External Trade
  • Weekly Technical Review: DJIA, KLCI
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