KUALA LUMPUR, Aug 14 — The just-concluded six state elections did not change Malaysia’s balance of power, despite opposition gains.

KUALA LUMPUR, Feb 27 — CGS-CIMB expects the market’s reaction to be neutral to negative post-Budget 2023.

KUALA LUMPUR, Jan 4 — CGS-CIMB Securities Sdn Bhd expects the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to finish 2023 at 1,633, up by nine per cent against 1,495 at end-2022.

KUALA LUMPUR, Dec 30 — CGS-CIMB Securities Sdn Bhd (CGS-CIMB) forecasts Malaysia’s inflation for 2023 to be at three per cent year-on-year (y-o-y), compared to the 2022 forecast (2022F) consumer price index (CPI) inflation of 3.3 per cent y-o-y.

KUALA LUMPUR, Dec 15 — CGS-CIMB has reiterated its 'overweight' call on banks supported by its projection of stronger core net profit (CNP) growth in 2023, which would accelerate to 20.8 per cent due to the non-recurrence of the prosperity tax or cukai makmur (CM) taxation.

KUALA LUMPUR, Nov 25 — CGS-CIMB Securities has raised its end-2022 forecast for the FTSE Bursa Malaysia KLCI (FBM KLCI) to 1,602 points from 1,484 points on the back of easing political instability, as the market is likely to react positively to the newly-formed government.

KUALA LUMPUR, Sept 21 — Research firms have lowered their target price (TP) on Top Glove Corp Bhd following its lacklustre performance for its financial year ended August 31, 2022 (FY2022).

KUALA LUMPUR, July 7 — Analysts believed Bank Negara Malaysia (BNM) will further normalise its policy rate going forward and gradually raise the Overnight Policy Rate (OPR) to 3.00 per cent by next year.

KUALA LUMPUR, Nov 15 — CGS-CIMB Securities Sdn Bhd  (CGS-CIMB) has lowered its 2021 gross domestic product (GDP) growth forecast from 3.9 per cent year-on-year (y-o-y) to 3.5 per cent y-o-y to reflect weaker-than-expected GDP performance in the third quarter of 2021 (Q3 2021).

KUALA LUMPUR, Feb 3 — CGS-CIMB expects Westports Holdings Bhd’s container volume to moderate in the first quarter (Q1) of this year, falling to an estimated 2.57 million twenty-foot equivalent units (TEUs) against 2.77 million TEUs registered in the fourth quarter (Q4) of 2020.

KUALA LUMPUR, Nov 25 — CGS-CIMB forecasts the total industry volume (TIV) for 2021 (2021F) to rise by 14 per cent to 570,000 driven by stronger demand for national brands on the back of new model launches such as Proton’s X50 and Perodua’s new compact SUV, D55L.

KUALA LUMPUR, Nov 16 — CGS-CIMB Securities Sdn Bhd said the country’s economic growth is likely to recover strongly in 2021, with Bank Negara Malaysia (BNM) revising its gross domestic product (GDP) forecast to between +6.5 per cent and +7.5 per cent from +5.5 per cent to +8.0 per cent on the back of fiscal and monetary stimulus tailwinds.

KUALA LUMPUR, Nov 6 — Top Glove Corporation Bhd's share price was higher in the early trading session, increasing one sen to RM8.31 despite reports that 17 of its employees tested positive for Covid-19.

KUALA LUMPUR, Nov 6 — CGS-CIMB Securities International Pte Ltd’s (CGS-CIMB) bearish outlook for the petrochemical sector in medium-term has been postponed by a string of supply-side issues in Asia and the United States (US).

KUALA LUMPUR, Aug 26 — The rise of millennial retail investors and adoption of online trading by Malaysian retail investors are positive trends for retail trading activities, said CGS-CIMB Research.