Kenanga Research & Investment

Kenanga Today Highlights - 19 Mar 2024

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Publish date: Tue, 19 Mar 2024, 05:26 PM

NEWS HIGHLIGHTS

  • TT Vision forms JV to set up solar energy-related automation equipment manufacturing base in Malaysia
  • Ge-Shen acquires 60.0% stakes in ARD and ATSCM for RM13.5m cash
  • GFM Services proposes one-for-two bonus issue of warrants
  • Epicon secures RM191.0m mixed-use development contract in Perak
  • Globaltec gets more time to undertake South Sumatera gas exploration

MACRO BITS

  • World bank to provide Egypt with over USD6.0b in support
  • US Treasury’s Adeyemo says he’s more bullish on South Africa
  • Exports fell slightly in February but imports remain firm (See Economic Viewpoint: Malaysia External Trade)
  • Malaysia welcomes beneficial investments, not favouring any country, says Anwar
  • MOF says high-value goods tax still being finalised despite less than two months left before scheduled implementation
  • BNM taking prudent approach to addressing high household debt risks, says Lim Hui Ying
  • China growth mixed as factory output jumps, consumption lags
  • China's upbeat industrial output, retail sales tempered by frail property
  • Japan money-market brokerage prepares for BOJ to raise rates
  • Sticky inflation could be a wild card for easing timetable at Fed meeting
  • US homebuilder sentiment increases to an eight-month high
  • UK property asking prices rise at fastest pace in 10 Months
  • Germany is in recession due to first-quarter slump, survey shows

IDEAS OF THE DAY

  • Sector Update: Plantation
  • Company Update: AIRPORT
  • Economic Viewpoint: Global FX Monthly Outlook, MY External Trade

Source: Kenanga Research - 19 Mar 2024

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