Article Related To MIDF Research

Local institutions were the primary supporters of Bursa Malaysia for the fifth consecutive week.

Malaysia's aviation passenger traffic is forecast to recover to 94% this year, a sharp increase from the 4% growth initially projected.

The sectors with the highest net foreign inflows last week were transportation and logistics (RM221.4 million), MIDF Research said.

As for Asia, the research house added that foreign investors continued to purchase Asian equities for the third week in a row.

Malaysia's exports of goods are expected to rebound and grow at 5.2 per cent this year from a contraction of -8.0 per cent in 2023.

Malaysia's labour market is expected to strengthen further in 2023 and 2024, backed by the positive impetuses in the domestic economy, MIDF Research said.

MIDF Research said that the foreign investors net sold RM18.6 million on Monday but turned into net buyers for the rest of the week.

This also means that the govt would have an additional RM4.31 billion in fiscal expenditure, which can be utilised for other objectives.

Indonesia recorded the highest net foreign outflow at US$139.6 million, said MIDF Research.

MIDF said the weekly net outflow of foreign funds from the Malaysian equity market reduced slightly by 3.8 pct to RM536 million last week.

The significant increase in gross DE in Budget 2023 is in line with the aspiration of the 12MP and will provide the necessary impetus for a more inclusive boost to the economy.

MIDF said the banking sector is often synonymous with high dividend yields, with several names offering yields above 4.0 per cent.

MIDF Research said Malaysia's palm oil price has been trending downward below RM4,000 per tonne mark since early July 2022.

According to Moody's, BNM hiked the rate in May, lifting it from the record low where it had languished for nearly two years.

The move to set new ceiling prices for chicken and eggs will help to limit potentially larger adjustment.

The court denied bail and scheduled case mention on Feb 7 for the submission of forensic, autopsy, and chemist reports.

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It represents a big legal victory for Donald Trump, who won the Nov. 5 US election and is set to return to office on Jan. 20.

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The United States, part of the G7, has rejected the ICC decision, with President Joe Biden describing it as outrageous.

A legend who has influenced our music for decades, was one of the highlights of my career, says Francissca Peter.

Judges are reviewing TikTok's challenge to a law requiring ByteDance to sell its US assets by Jan. 19 or face a ban.

In Washington, White House national security spokesperson John Kirby said, "We're close" but "nothing is done until everything is done".