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MIDF Research positive on property sector

KUALA LUMPUR: MIDF Research has maintained a positive stance on the property sector as it believes the sector’s recovery will continue to drive new sales and earnings for property developers. In a research note today, MIDF Research said the property price outlook in Malaysia is expected to remain positive due to healthy buying interest. Its […]

MIDF positive on consumer sector on end of chicken, egg price control

KUALA LUMPUR: MIDF Research maintained its positive view on the consumer sector following the removal of chicken and egg price caps from July 1, 2023 onwards as poultry players would have greater price flexibility in response to changes in input costs. This change allows market forces to determine prices based on supply and demand conditions, […]

Financial aid, subsidies to B40 and civil servants to benefit consumer sector 

KUALA LUMPUR: The consumer sector will benefit from the continued assistance provided in the revised Budget 2023, MIDF Research said. The research house said various financial aid, subsidies and initiatives provided to the B40 (bottom 40 per cent) income group, and the civil servants will support domestic demand and boost consumer spending on essential items. […]

Malaysia’s inflationary pressure to remain stable

KUALA LUMPUR: The overall inflationary pressure in Malaysia will remain stable particularly with the receding global commodity prices, says MIDF Research. It said Malaysia’s palm oil price has been trending downward below RM4,000 per tonne mark since early July 2022 and the commodity price has been hovering above RM6,000 per tonne during March 2022 until […]

BNM set to raise policy rate again

KUALA LUMPUR: Bank Negara Malaysia (BNM) is expected to lift its Overnight Policy Rate (OPR) by 25 basis points (bps) to 2.25 per cent at its fourth Monetary Policy Meeting (MPC) of the year scheduled for this week, according to Moody’s Analytics. In its report today, the research firm also noted that the country’s central […]

Foreign fund outflows accelerate to RM320.3 mln last week

KUALA LUMPUR: The foreign fund outflow on Bursa Malaysia accelerated last week as foreign investors disposed of RM320.3 million worth of Malaysian equities, compared to net sales of RM61.5 million in the preceding week, marking the fourth consecutive week of outflows. In its weekly Fund Flow Report today, MIDF Amanah Investment Bank Bhd (MIDF) said […]

New ceiling prices for chicken, eggs to help curb big rise in food inflation

KUALA LUMPUR: The move to set new ceiling prices for chicken and eggs will help to limit potentially larger adjustment that would add to the overall food inflation, according to MIDF Research. “For example, the new ceiling price for chicken at RM9.40 per kilogramme (kg) for Peninsular Malaysia is only an increase of 5.6 per cent from the […]

Research firms upbeat on Gamuda on better earnings prospects

KUALA LUMPUR: Research firms have maintained their positive calls on Gamuda Bhd on the expectation that the group would continue to deliver stellar revenue and earnings in the fourth quarter (Q4) of its financial year 2022 (Q4 FY22) and FY23.  MIDF Research said it is positive on the construction sector, in line with the rollout of the Mass […]

MIDF Research lowers Top Glove TP to RM8.29

KUALA LUMPUR: MIDF Amanah Investment Bank Bhd (MIDF Research) has lowered its target price (TP) for Top Glove Corporation Bhd to RM8.29 from RM10.96 previously, although it is “positively surprised” by the company’s extra 20 per cent special dividend announcement yesterday. “Our new TP is based on -0.5 standard deviation (SD) of 10-year price-to-earnings ratio […]