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theedgemalaysia.com highlighted three stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday.
KUALA LUMPUR: Bursa Malaysia continued its decline at midday, as persistent selling pressure, especially in the utilities sector, weighed down selected heavyweights.At 12.30pm, the FTSE Bursa Malaysia (FBM KLCI) declined 7.99 points to 1,550.81 from yesterday's close of 1,558.80.The benchmark ...
AS the big-cap stocks in several industries such as construction, property, utilities and renewable energy (RE) draw interest, a number of counters in the FBM Small Cap Index on Bursa Malaysia have also come on the radar of analysts and fund managers for their mid- to long-term prospects.
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Master Tec Group Bhd, which is listing on the ACE Market later this month, has garnered target prices of 40 sen to 50 sen by analysts covering the company, on expectations of high demand for power cables from its major customers.
ELECTRICITY cable manufacturing may sound like a dull business to the man in the street, but the industry has seen several notable deals recently that have piqued market interest, such as the injection of Central Cables Bhd into listed entity KUB Malaysia Bhd by Plantation and Commodities Ministe...
Hong Leong Investment Bank Research (HLIB Research) remains positive about OSK Holdings Bhd’s prospects, given the competitive strength of the group’s well diversified businesses.
KUALA LUMPUR (Dec 21): Rakuten Trade said Southern Cable Group Bhd (SCG) is set to resume its uptrend after it pushed above the 39.5 sen resistance, which also coincided with a new 52-week high.
In a technical view note on Thursday, the research house said the stock also broke out ...
RHB Retail Research said Southern Cable Group Bhd is positioned for a technical breakout, having rebounded from the 21-day simple moving average line and approaching the immediate resistance of 40 sen on improved trading volume.
Notable filings
From Nov 20 to 24, notable changes at Bursa Malaysia-listed companies included those at Southern Cable Group Bhd, which saw Semangat Handal Sdn Bhd pare down its stake in the cable and wire manufacturer to 19.13% following the disposal of 38 million shares, or a 4.75% ...
theedgemalaysia.com highlighted six stocks with momentum during Bursa Malaysia’s midday break on Friday. Two stocks displayed positive momentum, while the other four indicated negative momentum.
RHB Investment Bank Research has valued Southern Cable Group Bhd (SCG) at 50 sen and said SCG’s orderbook, worth more than RM1 billion (1.14x cover ratio), provides earnings visibility for the next three years.