|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||0.8500 - 0.8500|
|52 Week Range||0.8100 - 0.9200|
|Beta (5Y Monthly)||0.39|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Malaysia's own security standards will dictate which companies take part in its planned 5G rollout this year, its communications minister told Reuters on Monday, as the United States pushes countries to exclude China's Huawei. Huawei, the world's largest telecommunications equipment maker, has been at the centre of a U.S.-led campaign to clamp down on the use of Chinese technology in the development of the next-generation telecommunications platform because of concerns the equipment could be used by Beijing for spying. The United States placed Huawei on a trade blacklist in May, and in February U.S. prosecutors accused it of stealing trade secrets and helping Iran to track protesters.
Malaysian sovereign wealth fund Khazanah Nasional Bhd wants to quadruple its foreign investments to 60%-70% of its total portfolio over the next decade and beyond to reduce exposure to domestic risks, according to a parliamentary report. Khazanah's overseas investment - including a stake in China's Alibaba Group - accounts for only around 15% of its total holdings compared with 44% five years ago, with the decline due in part to restrictions placed by the central bank on foreign outflows in order to protect the ringgit. Having made its first loss in a decade, the realisable asset value of Khazanah's portfolio fell 13% to 136 billion ringgit ($32.51 billion) last year.
Malaysia's sovereign wealth fund Khazanah Nasional Bhd said on Monday it is targeting a pretax profit this year of at least 5 billion ringgit ($1.2 billion), which would be its highest in eight years, after posting its first loss in a decade in 2018. "For this year, we hope to achieve profitability of at least 5 billion ringgit," Shahril Ridza Ridzuan, Khazanah's managing director, said in comments to reporters at the fund's annual conference. Last year Khazanah swung to a pretax loss of 6.3 billion ringgit from a profit of 2.9 billion ringgit in 2017, hit by higher impairments and lower dividend income.