PETALING JAYA: The tabling of the much awaited 12th Malaysia Plan (12MP) for 2021-2025 will hinge on how fast the uncertainties at the political front and the ravaging Covid-19 can be contained, say economists and analysts.
They opined that there is still no clear picture on the tabling of the five-year medium term strategic plan despite being postponed for at least three times.
The government recently announced that Parliament would reconvene on July 26.
Judging by the current political upheaval amid the surging Covid-19 cases, Malaysian Rating Corp Bhd (MARC) chief economist Firdaos Rosli expects the tabling of the 12MP could be delayed again.
PETALING JAYA: The Malaysian bond market, which registered the 13th straight month of positive net foreign inflows in May, will likely see lesser foreign inflows in the coming months as inflationary pressure in the US builds up.
At least one broker is requiring investors to pay cash upfront to buy shares of Serba Dinamik Holdings Bhd. This means the standard practice of the T+2 settlement cycle will not apply for the oil and gas services company for the time being. A source from RHB Investment told StarBiz that Serba Dinamik securities are considered as high-risk.
PETALING JAYA: After several rating downgrades and hitting limit-down for two consecutive days, at least one broker is requiring investors to pay cash upfront to buy shares of Serba Dinamik Holdings Bhd
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This means that the standard practice of the T+2 settlement cycle will not apply for the oil and gas services company for the time being.
31 May 2021 / 22:58 H.
PETALING JAYA: Serba Dinamik Holdings Bhd shares hit limit-down in early trade today on resumption of trading following a two-day suspension after it was informed by its longstanding external auditor KPMG about issues pertaining to the statutory audit. At today’s close, the stock was down 29.81% or 48 sen to RM1.13 with 28.33 million shares changing hands. It was the top loser of the day on Bursa Malaysia.
The tumble in Serba Dinamik’s share prices came as analysts appear to be at odds over concerns about the reliability of the oil and gas service firm’s unaudited FY20 results.