Analysts downgrade call to Neutral with lower target price of RM1.29 (from RM1.85), based on 7x our estimated FY27F EPS.
The move to raise Life Water’s NHS’s is driven mainly by ASP increases that offset a rising input cost environment.
The FBM KLCI shows positive movement, with expectations to range between 1,755-1,765, driven by anticipated growth in EIPOWER.
Nonetheless, it is highly expected that an intermittent correction may emerge anytime soon
FBM KLCI advanced on stronger buying momentum despite global market weakness, rising geopolitical tensions and persistent inflationary concerns worldwide.
This follows MGB’s first main contract in Kingdom of Saudi Arabia (KSA) (SAR400m) from Beetah Real Estate Company in Nov…
KLCI dips on profit-taking despite positive breadth; global optimism persists on peace hopes, while investors stay cautious amid evolving geopolitical…
KLCI slips amid foreign selling; THMY range-bound, CITIC offers yield upside, GDGROUP IPO supported by expansion and travel demand recovery…
Wall Street closed higher as traders bet on easing US-Iran conflict; Brent crude stays elevated, FBM KLCI retreats.
Bursa Malaysia gains as easing geopolitical tensions lift Asian markets.
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