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Axiata, DiGi, Maxis, Berjaya Corp, Datasonic, Gagasan Nadi Cergas, Hock Seng Lee, Jaycorp, IOI Corp, MR DIY and Uzma
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KLCI closes lower as investor sentiment weighed by overnight tech sell-off on Nasdaq
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2021 will be all about building the Yoodo brand. The digital mobile start-up, which is owned and operated by mobile operator Celcom Axiata Bhd, turned three on Jan 29 and its head Chow Tuck Mun is ready to make the brand more visible in the mainstream market this year.
With Yoodo having gone past the infancy stage, he describes it as a company now in the teenage phase “where certain issues are popping up and our competitors are starting to take notice of us and target us”.
Until recently, Yoodo (pronounced “you-doo”) had been busy promoting its brand and products among modern customers and digital natives. “The modern customers are connected and discerning. They have a mind of their own; they don’t listen to what the company says, and they really know what they want,” Chow tells The Edge in an interview.
KUALA LUMPUR (Feb 22): Rakuten Trade Research is targeting the FBM KLCI to reach 1,870 points in 2021. At 11.33am today, the FBM KLCI was down 1.72 points to 1,583.21.
In its market outlook for the first quarter of 2021 (1Q21) briefing today, Rakuten Trade Research head of research Kenny Yee stated that this target for 2021 is based on a 15.5 times calendar year 2021 (CY21) price-to-earnings (PE) ratio, driven by solid earnings growth as well as prevailing alluring market valuations.
Earlier during his presentation, Yee said the research house had raised its corporate earnings recovery estimates for 2021 to 38.7%, from 35.3% previously.
“For 2021 everyone is expecting solid earnings growth from our corporates, especially among our KLCI constituents,” he noted.
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