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KUALA LUMPUR: The bull run on the Nasdaq index has led to a surge in demand for stocks related to artificial intelligence (AI), which has drawn attention to Frontken Corp Bhd from local investors, according to Hong Leong Investment Bank (...
KUALA LUMPUR: The bull run on the Nasdaq index has led to a surge in demand for stocks related to artificial intelligence (AI), which has drawn attention to Frontken Corp Bhd from local investors, according to Hong Leong Investment Bank (...
KUALA LUMPUR (March 15): Hong Leong Investment Bank (HLIB) said Frontken Corp Bhd has recently captured the attention of the local investing community, catalysing from the rising demand and interest for AI-related stocks. The surge has fuelled strong demand for AI chips and cloud services, propel...
Phillip Capital has initiated coverage on Frontken Corp Bhd with a “buy” rating at RM3.67 and target price of RM5.20 based on a target 43 times price-earnings (PE) multiple on 2025 estimated earnings per share (EPS).
KUALA LUMPUR: Technology and semiconductor-related stocks are among the top gainers on Bursa Malaysia on Thursday after U.S. chipmaker Nvidia's outlook beat market expectations.
KUALA LUMPUR (Feb 22): Frontken Corp Bhd’s net profit for the financial year ended Dec 31, 2023 (FY2023) dipped 9% to RM111.95 million from RM123.29 million a year earlier, against the backdrop of slower demand from the semiconductor industry.
Stocks on Bursa Malaysia retreated slightly in early trade on Tuesday, as the stocks traded within a tight range, mirroring regional markets.
At 9.05am, the FBM KLCI had shed 0.04% or 0.64 point to 1,537.97.
Malaysian technology stocks were among the top losers in early trade, mirroring weaknesses in overnight Nasdaq ahead of the US Federal Open Market Committee's first rate meeting of the year on Wednesday night.
KUALA LUMPUR: Bursa Malaysia closed on Wednesday with gains across nearly all sectors, as the main index continued its impressive one-year high winning streak. The market responded favorably to the decision by Bank Negara Malaysia to maintain the overnight policy ...
Notable filings
From Jan 2 to 5, notable shareholding changes at Bursa Malaysia-listed companies included those at Bintai Kinden Corp Bhd, which saw its non-executive chairman Datuk Ng Choon Koon increase his stake by three million shares to 6.19%. Ng was state assemb...
Local technology stocks traded higher in Friday’s morning session, mirroring overnight gains on Nasdaq, amid a rally in chip stocks.
On Thursday, the Nasdaq 100 achieved a 1.5% gain, reaching a record high of 16,982.29, while the S&P 500 saw a modest increase of 0.89%, closing at 4,780.94.
Notable filings
From Dec 26 to 29 last year, notable changes in shareholding in companies listed on Bursa Malaysia included those at Minetech Resources Bhd.
Businessman Datuk Awang Daud Awang Putera ceased to be a substantial shareholder of Minetech — which ...