KUALA LUMPUR, Dec 12 — MIDF Research maintained its growth forecast for Malaysia’s Industrial Production Index (IPI) at six per cent for 2022, after the country’s IPI growth softened to 4.6 per cent year-on-year in October 2022, the slowest growth since May 2022.

KUALA LUMPUR, Dec 12 — Foreign investors remained net sellers for the fourth consecutive week as they disposed of RM731.8 million worth of stocks on Bursa Malaysia, more than double the amount net sold in the previous week (RM301.2 million), according to MIDF Research.

KUALA LUMPUR, Dec 7 — MIDF Research expects the equity market to rebound next year, with the FBM KLCI to reach 1,700 points, at an implied price-earning ratio 2023 (PER23) of 15 times.

KUALA LUMPUR, Dec 7 — MIDF Research said it is cautiously optimistic that Malaysia’s economy will remain resilient amid the various headwinds expected next year and able to climb the “wall of worry” in 2023 with the support of robust domestic demand.

KUALA LUMPUR, Nov 29 — Foreign investors continued to be net sellers last week with a net outflow of RM81.9 million compared with a net outflow of RM59.9 million in the previous week, said MIDF Research.

KUALA LUMPUR, Nov 3 — MIDF Research expected Bank Negara Malaysia (BNM) to front-load its monetary bullets by raising the Overnight Policy Rate (OPR) to pre-pandemic levels of 3.00 per cent by January 2023.

KUALA LUMPUR, Oct 31 — MIDF Research has maintained its forecast for Malaysia's gross domestic product (GDP) growth at 6.6 per cent despite concerns over external developments.

KUALA LUMPUR, Oct 19 — MIDF Research has upgraded its projections for exports and imports to grow at 26 per cent and 30.5 per cent, respectively, as external demand has remained robust despite concerns over slowing global growth.

KUALA LUMPUR, Oct 12 — Loan applications data remains stable in August 2022, indicating that demand for property was unaffected by the overnight policy rate (OPR) hike, as it was supported by the reopening of the economy, a research house said.

KUALA LUMPUR, Oct 11 — MIDF Research sees Malaysia’s jobless rate improving further, averaging 3.5 per cent in 2023, on the back of an improving domestic economy.

KUALA LUMPUR, Oct 11 — MIDF Research expects external factors to continue to hold sway over equity market sentiment despite the onset of the 15th General Election.

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, Sept 9 — MIDF Research continues to see Malaysia’s unemployment rate declining to 3.8 per cent in 2022 from 4.6 per cent in 2021.

KUALA LUMPUR, Sept 1 — MIDF Research has upgraded its growth target for Malaysia’s economy to 6.6 per cent from 6.0 per cent estimated earlier, following a stronger-than-expected gross domestic product (GDP) release in the second quarter of 2022 (Q2 2022).

KUALA LUMPUR, Aug 26 — Malaysia's leading index (LI) rebounded 5.3 per cent year-on-year (y-o-y) to 111.7 points in June 2022 after a rise of 2.3 per cent in May 2022 to 111.3 points, signalling confidence towards further economic growth.

KUALA LUMPUR, Aug 10 — The ringgit opened easier against the US dollar this morning amidst mixed sentiments, coupled with the falling crude oil price, said an analyst.

KUALA LUMPUR, July 1 — MIDF Research has reduced its FBM KLCI end-2022 target to 1,600 points from 1,680 points previously.

KUALA LUMPUR, June 30 — The move to set new ceiling prices for chicken and eggs will help to limit potentially larger adjustments that would add to the overall food inflation, according to MIDF Research.

KUALA LUMPUR, June 2 — Kenanga Research has retained its outlook for the manufacturing activity to remain on a recovery path as the country transitioned to the endemic phase, despite the relatively stagnant performance in May.

KUALA LUMPUR, May 23 — Malaysia’s food inflation is set to stay on an upward path in the coming months amid elevated global commodity prices, domestic supply chain disruptions and depreciation of the ringgit.