Kenanga Research & Investment

Kenanga Today Highlights - 17 Jan 2024

kiasutrader
Publish date: Wed, 17 Jan 2024, 10:16 AM

NEWS HIGHLIGHTS

  • BLD Plantation acquires two Bintulu properties for business expansion
  • MN Holdings seeks to raise up to RM37m via private placement for working capital
  • ACE market-bound KJTS Group’s IPO oversubscribed by 31.28 times
  • Bina Darulaman signs MOU for potential eco-tourism accommodation development in Langkawi
  • Ageson appoints independent auditor to look into allegation of suspicious transactions

MACRO BITS

  • IMF’s Georgieva sees global growth aided by 2023 tail winds
  • Anwar: Govt serious about digital transformation, promoting AI literacy
  • Madani govt reforms yielding green shoots, says finance minister II
  • Govt agrees to exempt unit trusts from CGT, taxes on foreignsourced income
  • Miti secures RM2.84b potential investment from trade mission to Italy
  • More Asian property investors want to sell even as rate hikes end
  • China’s GDP grew around 5.2% in 2023, Premier Li says at Davos
  • China weighs more stimulus with USD139.0b of special bonds
  • Taiwan’s investment into China lowest in two decades
  • Japan's top business lobby calls for worker pay raises above inflation
  • Coming flood of US Treasury issuance unsettles some investors after blazing rally
  • ECB maintains cloud of uncertainty over rate cuts
  • Euro zone consumers slash inflation expectations - ECB survey
  • UK wage growth slows again, offering some relief to Bank of England

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

  • Company Update: KERJAYA, VELESTO

Source: Kenanga Research - 17 Jan 2024

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