Affin Hwang Capital cuts construction sector to Underweight

KUALA LUMPUR (Feb 25): Affin Hwang Capital Research has downgraded the construction sector to “Underweight” from Overweight amidst the political uncertainties following the resignation of Prime Minister (PM) Tun Dr Mahathir Mohamad (and his re-appointment as interim PM).

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YTL Hospitality REIT's FY20-21 earnings to grow 9%, says Affin Hwang

KUALA LUMPUR (Dec 31): Affin Hwang Capital Research forecasts YTL Hospitality Real Estate Investment Trust (YTL REIT) to grow its distributable financial year 2020-2021 earnings (FY20-21E) by 9% year-on-year, driven by higher contributions from Green Leaf Niseko Village, JW Marriott KL and Brisbane Marriott Hotel, and lower financing cost for its Australian dollar borrowings.

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Morgan Stanley expects Malaysia's economic recovery to be muted

  KUALA LUMPUR (Nov 18): Malaysia's economic recovery is likely to be a muted one due to soft oil prices, ongoing fiscal consolidation, and subdued private capital expenditure (capex) momentum amid lingering political uncertainty, according to Morgan Stanley Research's 2020 Asia Economic Outlook.

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