99 Speed Mart opens 12% higher on Main Market

PETALING JAYA: Malaysia’s largest home-grown mini-market chain retailer 99 Speed Mart Retail Holdings Bhd made its debut on the Main Market today, opening at RM1.85 sen per share, 12.12% up from its initial public offering (IPO) price of RM1.65. Listed under the retailers sub-sector of Bursa Malaysia’s consumer products and services sector, the convenience store operator...

F&N sees strong consumer demand

KUALA LUMPUR: Off the back of heightened demand due to the festive period, Fraser & Neave Holdings Bhd's (F&N) outperformance in the opening months of 2024 could also be pointing towards a rising preference for Asian brands, said Kenanga Research. In a results note, the research firm said it believed consumers may be opting for Asian brands...

Pavilion REIT’s tenancies on the rise

KUALA LUMPUR: Kenanga Research is keeping Pavilion Real Estate Investment Trust (REIT) as its top sector pick on the back of its earnings resilience. "We believe Pavilion REIT’s premium retail assets are less vulnerable to downward pressure on occupancy and rental rates amidst rising headwinds in the retail sector on the back of sustained high inflation that hurts...

The Exchange TRX unveils ‘The Silk Story’ in a dazzling cultural symphony

The retail and lifestyle destination welcomes the Lunar New Year by honouring the cultural and historical significance of silk THIS year, prepare to be mesmerised by the Lunar New Year festivities at The Exchange TRX, as it transforms into a celestial silken oasis to usher in the Year of the Dragon. From now till Feb 18, embark on...

US recession? Look at what rich Americans do on Black Friday

RICH Americans are curtailing their spending ahead of Black Friday, a worrisome sign for an economy that has so far depended on the US consumer to stave off a recession. In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class – including Apple, Coach...