Arkib Bulanan: February 2024

Bursa Malaysia records improved showing in FY23

Bursa Malaysia records improved showing in FY23

KUALA LUMPUR: Bursa Malaysia Bhd has a positive outlook for 2024, as it expects the local equity market to perform better on the back of stronger economic growth forecast for this year. Its chairman, Tan Sri Abdul Wahid Omar, said this is expected to pave the way for higher corporate …

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Decent fourth-quarter results likely for CIMB

Decent fourth quarter results likely for CIMB

PETALING JAYA: CIMB Group Holdings Bhd is expected to deliver “decent” fourth-quarter results, despite its higher credit costs sequentially. Maybank Investment Bank (Maybank IB) Research forecast CIMB’s earnings for the fourth quarter of 2023 (4Q23) to be higher on a year-on-year basis, given that credit cost had been particularly high …

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F&N resolute in its long-term growth plans

FN resolute in its long term growth plans

PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) will continue to capitalise on the return of international tourists and out-of-home consumption post-pandemic. For the first quarter ended Dec 31, 2023 of financial year 2024 (1Q24), F&N’s net profit declined by 14% year-on-year (y-o-y) to RM170.7mil or earnings per share of …

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Mexican president denies drug cartel financing in first campaign

Mexican president denies drug cartel financing in first campaign

MEXICO CITY (Reuters) – Mexico’s president rejected allegations on Wednesday that his first presidential campaign nearly two decades ago received financing from drug cartel leaders in exchange for future help with their criminal operations from his would-be government. The allegations are laid out in extensive reports published earlier in the …

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New US ETF targets ‘Magnificent Seven’ mega-cap technology stocks

New US ETF targets Magnificent Seven mega cap technology stocks

(Reuters) – Tidal Financial Group and ZEGA Financial launched a new exchange-traded fund (ETF) designed to profit from future growth in the “Magnificent Seven” growth and technology companies that have come to dominate U.S. market indexes and returns. The YieldMax Magnificent 7 Fund of Options Income ETFs will invest in …

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