Kenanga Research & Investment

Kenanga Today Highlights - 23 Feb 2024

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Publish date: Fri, 23 Feb 2024, 10:52 AM

NEWS HIGHLIGHTS

  • E&O in talks with banks to raise RM1.5b for Andaman Island project
  • Ekovest sells land in KL for RM67.0m in related party transaction
  • Pecca Aviation enters strategic partnership for enhanced aircraft MRO standards
  • DNeX secures RM11.2m two-year software maintenance contract from IRB
  • Pintaras Jaya bags piling contracts worth RM170.0m in Singapore

MACRO BITS

  • Global trade rift widening as Ukraine war passes two-year mark
  • Malaysia records total approved investments of RM329.5b in 2023, up 23.0% from 2022 — Anwar
  • Trade, investment targets in 2024 achievable, says Zafrul
  • Malaysia strengthens halal trade, investment with Japan
  • British Malaysian Chamber of Commerce and MDEC ink MOU to support digital economy collaboration
  • China drafts private-sector law hoping to boost confidence
  • China’s property foreclosures surge as growth slows
  • BOJ chief Ueda keeps upbeat view on inflation, wage outlook
  • BOJ to scrap negative interest rates in April, say over 80.0% of economists
  • Fed’s Bowman says that time for rate cut is ‘certainly not now’
  • Fed’s Jefferson warns of easing too much on improving inflation
  • Fed worried about cutting rates too soon, minutes of January meeting show
  • US manufacturing activity expands at fastest pace since 2022
  • ECB meeting shows it more sanguine on inflation, still patient
  • BOE policymaker Greene signals she is not ready to back rate cuts yet

IDEAS OF THE DAY

  • Sector Update: Automotive
  • Results Note: AXIATA, HIL (RISE), KOSSAN, MAXIS, PETRONM (RISE), SIMEPLT, TECHBND, TSH, YTLPOWR
  • Company Update: MPI
  • Rating Summary
  • Economic Viewpoint: Ringgit Weekly Outlook

Source: Kenanga Research - 23 Feb 2024

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