Kenanga Research & Investment

Kenanga Today Highlights - 26 Jan 2024

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Publish date: Fri, 26 Jan 2024, 10:16 AM

NEWS HIGHLIGHTS

  • Fajarbaru appointed to develop RM192.0m affordable housing project in Putrajaya
  • Sunzen buys 10.0% of Farmer International, vendors guarantee minimum net profit of RM9.6m
  • AWC wins RM8.2m contract from Putrajaya Holdings
  • Green Packet disposes of 15.0% stake in CSH Solutions for RM3.5m
  • Jade Marvel aborts plan to issue RCPS to raise RM80.0m

MACRO BITS

  • China warns EU’s economic image ‘at stake’ after new trade curbs
  • Steady policy rate with a hint of optimism, but to remain vigilant as economic risks linger (See Economic Viewpoint: BNM MPC Meeting (23 - 24 January))
  • Fahmi dismisses claims that diesel, RON95 subsidies to be abolished in second half of 2024
  • Malaysia, UAE ink deal on data centre development
  • Miti sees semiconductors as 'new oil', eyes further E&E development in northern Peninsular Malaysia
  • Geopolitics, elections and policy uncertainty to weigh on China market — financial leaders
  • China to start visa-free travel with Singapore and Thailand
  • China brushes past US sanctions to form closer trade ties with regional economies
  • Thai PM asserts economy is in 'crisis', pledges more stimulus
  • US fourth quarter economic growth handily beats expectations
  • US business activity picks up in January; inflation cooling - S&P Global survey
  • Instant view: ECB keeps rates on hold, Lagarde pushes back on market expectations
  • Trade turmoil sparks supply snarls in Europe’s biggest economies

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

  • Results Note: PAVREIT
  • Company Update: PCHEM
  • On Our Radar: BONIA
  • Rating Summary
  • Economic Viewpoint: BNM MPC Decision, Ringgit Weekly Outlook

Source: Kenanga Research - 26 Jan 2024

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