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Malaysia: Business confidence on the uptick

KUALA LUMPUR: RHB Research Institute says in its latest economic update that it expects private investment to grow at an increased pace of 7.7% year-on-year (Y-o-Y) in 2017, from 4.3% last year, underpinned by ongoing construction of infrastructure projects and a pickup in exports. This comes following an increase in the Malaysian Institute of Economic […]

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Malaysia: Maybank IB maintains sell on 7-Eleven

KUALA LUMPUR: Maybank Investment Bank Research has maintained its “sell” rating on 7-Eleven Malaysia Holdings (SEM) with an unchanged target price of RM1.10. The research house said SEM unveiled its “Back to Basics” exercise during its analyst briefing. It said more emphasis would be placed on cost efficiencies moving forward. “With its newly announced ‘Back to Basics’ […]

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Invest Malaysia draws 900 fund managers

KUALA LUMPUR: Invest Malaysia 2017 (IM 2017) has attracted about 900 fund managers with total assets under management (AUM) of US$19.9 trillion, a significant increase from US$11 trillion last year. Bursa Malaysia Bhd chairman Tan Sri Amirsham Abdul Aziz said IM 2017 marked the 13th year that the exchange had organised the nation’s premier conference to […]

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