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Inflationary pressures from a high interest rate environment are anticipated to put a dent in Muar-based furniture manufacturer Homeritz Corp Bhd’s earnings in the near term.
theedgemalaysia.com highlighted four stocks with positive momentum and one stock with negative momentum at Bursa Malaysia's afternoon close on Tuesday.
There is a host of economic data coming out this week, kicking off with Malaysia’s Consumer Price Index (CPI) data for December 2023 on Monday. On the same day, Bank Negara Malaysia will publish its latest international reserves as at Jan 15, 2024. Foreign exchange reserves amounted to US$113.5 billion (RM527.60 billion) as at Dec 29, 2023.
theedgemalaysia.com highlighted two stocks with positive momentum and eight stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday.
PETALING JAYA: Home furniture manufacturer Homeritz Corp Bhd’s earnings will likely continue to be affected by lower home sales in the North America and European Union regions as mortgage rates remain elevated, says Hong Leong Investment Bank (HLIB) Research.
PETALING JAYA: Homeritz Corp Bhd’s growth outlook is expected to remain soft due to the elevated interest rates and a potential economic slowdown in the North America (NA) and European Union (EU) regions.
KUALA LUMPUR (April 17): Hong Leong Investment Bank (HLIB) Research has maintained its “sell” rating of Homeritz Corp Bhd at 50 sen with a lower target price (TP) of 42 sen (from 45 sen) and said Homeritz’ second quarter of FY2023 (2QFY2023) core profit ...