Kenanga Research & Investment

Kenanga Today Highlights - 19 Feb 2024

Publish date: Mon, 19 Feb 2024, 12:36 PM


  • MyEG’s Philippine unit partners state social insurance programme to facilitate online payment
  • MRCB undertakes demolition works of Shah Alam Stadium for RM35 mil
  • SNS Network bagged geographical information system contract from Esri
  • KNM receives new offer to acquire Italian unit for 16.5 mil euros
  • BHIC's disposal of stake in Boustead Naval Shipyard for RM1 to MOF gets fifth extension to fulfil conditions


  • China urges US to lift ‘illegal’ sanctions, ease travel concerns Growth slows in 4Q23 on weak global demand; overall 2023 growth moderated (See Economic Viewpoint: Malaysia 4Q23 GDP)
  • CA surplus narrowed to lowest on record while financial account reverted to outflows (See Economic Viewpoint: Malaysia 4Q23 Balance of Payments)
  • Finance minister maintains 4.0%-5.0% GDP growth forecast in 2024
  • Govt to set up 186 more PEDi to bridge digital divide — PM
  • Anwar: Batu Kawan Industrial Park 3 showcases Penang’s industrial sector success
  • Semiconductor task force to focus on incentive, talent aspects of transforming Malaysia’s E&E industry
  • Fahmi: Govt striving to reduce fiscal deficit rate to 4.3% this year
  • China central bank leaves key policy rate unchanged under shadow of Federal Reserve
  • BOJ's Ueda keeps pledge to review stimulus when inflation goal met
  • Two Fed voters indicate openness to three rate cuts this year Strong services price increases lift US producer inflation in January
  • Villeroy says ECB should favour gradual cuts over acting too late
  • First BOE interest-rate cut is months away despite recession, Pill says


  • Results Note: KPJ
  • Weekly Technical Review: DJIA, KLCI
  • Economic Viewpoint: MY 4Q23 BoP, MY 4Q23 GDP

Source: Kenanga Research - 19 Feb 2024

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