CGS-CIMB expects market reaction to be neutral to negative post-Budget 2023
KUALA LUMPUR, Feb 27 — CGS-CIMB expects the market’s reaction to be neutral to negative post-Budget 2023. The research house explained that the high-income earners...
CGS-CIMB forecasts FBM KLCI to end 2023 at 1,633
KUALA LUMPUR, Jan 4 — CGS-CIMB Securities Sdn Bhd expects the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to finish 2023 at 1,633, up by...
CGS-CIMB keeps 2023 inflation forecast at 3.0 pct y-o-y
KUALA LUMPUR, Dec 30 — CGS-CIMB Securities Sdn Bhd (CGS-CIMB) forecasts Malaysia’s inflation for 2023 to be at three per cent year-on-year (y-o-y), compared to...
CGS-CIMB reiterates ‘overweight’ call for banking sector on projection of stronger profit in 2023
KUALA LUMPUR, Dec 15 — CGS-CIMB has reiterated its ‘overweight’ call on banks supported by its projection of stronger core net profit (CNP) growth in...
CGS-CIMB, HLIB lift end-2022 KLCI forecast on positive market reaction
KUALA LUMPUR, Nov 25 — CGS-CIMB Securities has raised its end-2022 forecast for the FTSE Bursa Malaysia KLCI (FBM KLCI) to 1,602 points from 1,484...
Research firms lower Top Glove’s target price amid lacklustre financial year 2022 performance
KUALA LUMPUR, Sept 21 — Research firms have lowered their target price (TP) on Top Glove Corp Bhd following its lacklustre performance for its financial...
Analysts predict OPR may hit 3 pct in 2023
KUALA LUMPUR, July 7 — Analysts believed Bank Negara Malaysia (BNM) will further normalise its policy rate going forward and gradually raise the Overnight Policy...
Research house trims 2021 GDP growth forecast to 3.5 pct
KUALA LUMPUR, Nov 15 — CGS-CIMB Securities Sdn Bhd (CGS-CIMB) has lowered its 2021 gross domestic product (GDP) growth forecast from 3.9 per cent year-on-year...
Westports may see a drop in container volume this quarter — CGS-CIMB
KUALA LUMPUR, Feb 3 — CGS-CIMB expects Westports Holdings Bhd’s container volume to moderate in the first quarter (Q1) of this year, falling to an...
TIV to advance 14 pct to 570,000 in 2021 — CGS CIMB
KUALA LUMPUR, Nov 25 — CGS-CIMB forecasts the total industry volume (TIV) for 2021 (2021F) to rise by 14 per cent to 570,000 driven by...
Economic growth likely to recover in 2021, say analysts
KUALA LUMPUR, Nov 16 — CGS-CIMB Securities Sdn Bhd said the country’s economic growth is likely to recover strongly in 2021, with Bank Negara Malaysia...
Top Glove’s share price higher despite 17 employees tested positive Covid-19
KUALA LUMPUR, Nov 6 — Top Glove Corporation Bhd’s share price was higher in the early trading session, increasing one sen to RM8.31 despite reports...