Page 30 - Midf Research News Today : Breaking News, Live Updates & Top Stories | Vimarsana

PETALING JAYA: Bank Negara’s growth forecast for 2021, which was reaffirmed recently despite the introduction of stricter movement restrictions, remains achievable although economists largely predict an expansion closer to the lower-end of the central bank’s 6% to 7.5% forecast. Judging from the impact caused by the second round of movement control order (MCO 2.0) that began on Jan 13 and lasted for over seven weeks, some experts think the MCO 3.0 would also have a moderate impact on the pace of economic recovery. The Malaysian economy only contracted marginally by 0.5% year-on-year in th...

KUALA LUMPUR: The net outflow of foreign funds from Bursa Malaysia continued over the previous trading week to the tune of RM376.46mil, bringing the foreign outflow so far this year to RM2.87bil, said MIDF Research in its weekly fund flow report. The foreign outflow was lower than RM490.3mil recorded in the week before although this could be owing to the national holiday on Thursday, which resulted in fewer trading days. A single day of foreign inflow on Tuesday also helped to pare the outflow as offshore funds bought RMRM150.3mil net of local equities. Heavy selling by foreig...

KUALA LUMPUR: The foreign net outflow on Bursa Malaysia increased to RM490.3mil over the week ended April 23, more than double the amount recorded in the prior week. According to MIDF Research's weekly fund flow report, foreign investors were net sellers on every day except Tuesday. The foreign net outflow was at its highest on Wednesday at RM258.17mil and smallest on Thursday at RM51.19mil. Tuesday's net foreign inflow was recorded at RM27.5mil. Retailers continued to be the net buyers on the market, with a net of RM171.68mil worth of equities bought over the week. Local inst...

will embark on a group-wide long-term incentive plan (LTIP) – for the first time ever – which the bank says will enhance the accountability of its senior management in delivering the group’s strategy and targets. The plan will see its key executives receiving their full bonuses or incentive payouts only in three to four years’ time from now, and not yearly as they normally do. They will be paid in shares and have up to seven years to cash in on the shares. To be sure, the value of the payouts they receive will depend on the company’s share price performance at the point of cashing ...

KUALA LUMPUR, April 23 — MIDF Research has maintained its “buy” call on Top Glove Corporation Bhd with an unchanged target price (TP) of RM8.29. In a note today, it said the call was backed by Top Glove’s attractive valuation at a price-to-earnings ratio of 4.3x...