Ex-date: 29 Sep 2021, Projected: MYR 0.2119 (2.20%)

IPO: 0.48sen... profit more than 100%

IPO was 0.16

KUALA LUMPUR: RAM Ratings expects Malaysia's economy to contract by 4% this year, exceeding its initial projection of -2.4% as the country is set to experience one of its worst recessions this year.

KUALA LUMPUR: RAM Ratings expects Malaysia's economy to contract by 4% this year, exceeding its initial projection of -2.4% as the country is set to experience one of its worst recessions this year.

In 2019, the Malaysia economy grew at a moderate rate of 4.3 per cent as compared to 4.8 per cent in the previous year. All sectors posted positive growth with the exception of Mining & quarrying. In momentum point of view, Agriculture and Mining & quarrying posted a better growth while other sectors registered slower performance than the previous year.

~DEPARTMENT OF STATISTICS, MALAYSIA~

@Rishi Yes (skeleton)

In Malaysia, Hong Leong Investment Bank Bhd analyst Daniel Wong told theedgemarkets.com that "the share prices of AirAsia are now very much linked to the developments of the coronavirus outbreak".

Malaysian solar system installer Solarvest Holdings Bhd will build photovoltaic (PV) arrays with a total capacity of 4 MWp for Teo Seng Capital Bhd (KLSE:TEOSENG).

The investment holding company, specialising in poultry farming, said last week that it would invest around MYR 13 million (USD 3.1m/EUR 2.8m) in the rooftop solar systems to be installed across its chicken farms and factories in the state of Johor.

According to Solarvest, Bursa Main Market-listed Chin Hin owns a 45% stake in Solarvest. Upon completion of Solarvest's IPO, Chin Hin's shareholding in Solarvest will be approximately 33.6%.

Today, Kenanga Investment Bank Bhd analyst Teh Kian Yeong wrote in a note that Kenanga projects Solarvest to register more than 20% annual earnings growth for the next two years on orderbook of RM184.5 million.

Chin Hin reports 3Q profit rise, sees Solarvest as growth driver..