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Harrowing week for equities, KLCI closes down nearly 20pts on Friday

KUALA LUMPUR: Global equities markets had a harrowing week from the fallout on Wall Street and Bursa Malaysia also saw investor sentiment battered while the ringgit lost ground. At 5pm, the KLCI was down 19.62 points or 1.07% to 1,819.82 while its year-to-date gains have whittled to 1.28%. Turnover declined to 2.45 billion shares valued at RM2.67bil.  The broader market continued to stay cautious with decliners beating advancers nine to two or 900 losers to 208 gainers and 312 counters unchanged. (24-0)

Foreign funds continue buying on Bursa but at slower pace

KUALA LUMPUR: Global funds have been entering Bursa for the sixth uninterrupted week albeit at a slower pace following the holiday shortened week, according to MIDF Research. (11-0)

Malaysia’s top 40 richest people

LAST year was dotted by the return of higher commodity prices and better economic growth. The world’s economies on average are back in business as growth rates and trade have started to improve once again after some period of uncertainty caused by a cooling China economy and also the slump in global crude oil prices. (145-1)

Kenanga issues European-styled call warrants

PETALING JAYA: Kenanga Investment Bank Bhd is issuing 12 new European-styled cash-settled call warrants under its NagaWarrants brand, as the brokerage looks to offer trading opportunities for investors seeking exposure in leveraged products. (8-0)

Strong ringgit backs Top Glove's plan for M&As

KUALA LUMPUR: The strong ringgit is a boon to Top Glove Corporation Bhd as it serves as a natural hedging and allows the company to proceed with its plans to further expand its production lines, as well as to go for mergers and acquisitions (M&A). Top Glove Chairman Tan Sri Lim Wee Chai said the company would continue to be on the lookout for opportunities to grow its business organically and inorganically via production lines expansion, as well as acquisition. (1-0)

Strong ringgit backs Top Glove’s plan for merger and acquisition

2018-01-23 themalaymailonline
Top Glove aims to acquire between six and seven more companies, Lim said, adding that the M&As were necessary as they would bring in some value to the company, even if they came with a price tag. — Malay Mail picKUALA LUMPUR, Jan 23 — The strong ringgit is a boon to Top Glove Corporation Bhd as it serves as a natural hedging and allows the company to proceed with its plans to further expand its production lines, as well as to go for merger and acquisition (M&A). (1-0)

Prime Minister's speech at Invest Malaysia 2018

Bismillahhirahmannirrahim Assalammualaikum Warahmatullahi Wabarakatuh A very good morning and Salam 1 Malaysia. Ladies and gentlemen, 1. It is nearly eight years since I first stood before you at Invest Malaysia in March 2010, and introduced our New Economic Model – a transformative plan, with the aim of creating a high-income nation that is inclusive, equitable and sustainable; a country in which no one would be left behind, opportunity would be made available for all, and whose citizens could look confidently to the future, secure in the knowledge that their Government was putting in place the right fundamentals for a secure, stable and successful Malaysia. (16-0)

Genting Group tops list of cash-rich companies

A healthy cash position is an important indicator to evaluate whether a company’s financials are sound to withstand any unforeseen shocks. (14-0)

Top Glove target price raised after deal to buy Aspion

The number of analysts recommending “buy” on Top Glove had now fallen to seven, compared with nine previously, while 10 now rated the counter as “neutral”, compared with eight previously. The number of “sell” calls remained unchanged at three (1-0)

HLIB maintains ‘buy’ call on Top Glove

2018-01-15 themalaymailonline
In a note, HLIB increased Top Glove’s target price to RM9.95 from RM8.47. — Malay Mail picKUALA LUMPUR, Jan 15 — Hong Leong Investment Bank (HLIB) has maintained a “buy” call on Top Glove Corporation Bhd on the back of an earnings accretive acquisition. (1-0)

Top Glove shares rise on Aspion acquisition

KUALA LUMPUR: Shares in Top Glove Corp Bhd rose 2% in early trade, boosted by its acquisition of Aspion Sdn Bhd for RM1.37bil. (1-0)

Trading ideas: Top Glove, T7 Global, Paramount

KUALA LUMPUR: Top Glove Corp Bhd , T7 Global Bhd and Paramount Corp Bhd are among the stocks to watch on Monday, according to JF Apex Research. (1-0)

CIMB Research retains Add for Top Glove, TP RM10


Top Glove to buy Aspion for RM1.37bil

KUALA LUMPUR: Top Glove Corp Bhd has signed a deal to acquire Aspion Sdn Bhd, one of the largest surgical glove producers globally, for a purchase consideration of RM1.37bil in cash and shares. (1-0)

World's Largest Rubber Glove Maker's Big Bounce Ending

2018-01-12 seekingalpha
In April last year, Mr. Market was skeptical that Top Glove, the world’s largest rubber glove manufacturer, could rise above its cost pressure and aggressive competition. (6-0)