Kenanga Research & Investment

Kenanga Today Highlights - 23 Jan 2024

kiasutrader
Publish date: Tue, 23 Jan 2024, 11:35 AM

NEWS HIGHLIGHTS

  • UOA REIT declares lower DPU of 3.9 sen in 4Q as net rental income drops 12%
  • Ajiya posts RM13m loss in 4QFY2024 on investment loss, impairment
  • Avaland launches Casa Embun Phase 2 in Cybersouth
  • Bina Darulaman teams up with Chinese firm to pursue industrial waste management project
  • Public portion of ACE Market-bound Master Tec's IPO oversubscribed by 7.1 times

MACRO BITS

  • China shifts Latin America investment to compete with west
  • Remained unchanged at 1.5% YoY in December, while core inflation cooled below the 2.0% level (See Economic Viewpoint: Malaysia Consumer Price Index)
  • PM Anwar urges GLCs to remain committed to supporting Bumiputera agenda
  • KPKM to investigate rice cartel claims with MYCC's help
  • Govt targets turning Malaysia into high-end manufacturing, services destination
  • Beijing sets 2024 growth target higher despite slowing economy
  • China pledges to take more forceful measures to support market confidence
  • Japan seen missing primary budget surplus target in FY2025
  • Taiwan export orders plunge in December as demand from US, Europe falls
  • Economists increasingly sure US will avoid recession -NABE survey
  • Companies’ reluctance to roll back price rises poses US inflation risk
  • Bank of Canada to keep rates on hold as stubborn inflation delays cut
  • Eurozone’s job-market puzzle shows risk of early ECB rate cuts
  • UK homes could see steepest fall in energy bills since summer
  • German exports to US, China fall sharply in December

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

  • Sector Update: Telecommunication
  • Company Update: AFFIN, SAMAIDEN, YINSON
  • Economic Viewpoint: Malaysia CPI

Source: Kenanga Research - 23 Jan 2024

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment