Research
Maybank Research Downgrades Wasco to Hold from Buy; Price Target is MYR1.07
Wasco (KLSE:WASCO) has an average rating of overweight and mean price target of 1.31 baht, according to analysts polled by FactSet.
KLSE:WASCO
KLSE:WASCO
2 stories mentioning KLSE:WASCOUpdated 124d ago
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Asia Markets
Malaysian Shares Rebound Tracking Regional Rally as Islamabad Peace Talks Boost Sentiment
Malaysian shares ended higher on Friday, tracking gains across Asian markets as sentiment improved on signs of easing geopolitical tensions in the Middle East ahead of highly anticipated US-Iran talks in Islamabad.The FTSE Bursa Malaysia KLCI added 5.07 points to end 0.3% higher at 1,691.31. The day range was between 1,685.66 and 1,692.97.In economic news, Malaysia's unemployment rate stood at 2.9% in February, unchanged from the previous month, according to data released by the country's Department of Statistics.The sales value of Malaysia's wholesale and retail trade rose 5.3% annually to 156.3 billion ringgit in February, the Department of Statistics said. The growth was driven by a 7.7% increase in retail trade and a 5.7% rise in wholesale trade. Monthly, the sales value declined by 2.2%, the data showed.In corporate news, shares of Wasco (KLSE:WASCO) slid about 3% on close on news that it is seeking to renew its authorization to conduct revenue-generating transactions at its upcoming annual general meeting. The conglomerate is also seeking its shareholders' nod to renew authority to purchase up to 10% of the issued shares of the company.
FTSE Bursa Malaysia KLCIKLSE:WASCO
