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Research houses have mixed outlook on Malaysia Airports Holdings Bhd (MAHB), with recommended target prices between RM7.00 and RM7.35, after the group reported higher passenger traffic in March 2023 from a year ago.
Against the Singdollar, the ringgit weakened 0.45 per cent to 3.332 while shares tumbled as much as 1.5%. Read more at straitstimes.com.
RHB Investment Bank Research has said that investors should maintain a yield-centric defensive posture while prioritising capital preservation and remaining alert for medium-term opportunities.
Economists expect govt to dole out goodies while holding back new taxes.
Malaysia is expected to deliver a slightly expansionary budget for the next year on Friday in a bid to boost voter support ahead of a general election that could be called any day amid rising prices and fears of a global recession.