{"id":3304,"date":"2020-04-17T12:50:23","date_gmt":"2020-04-17T04:50:23","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=3304"},"modified":"2020-04-17T12:50:23","modified_gmt":"2020-04-17T04:50:23","slug":"bursa-malaysia-up-on-wahid-omars-possible-appointment","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=3304","title":{"rendered":"Bursa Malaysia up on Wahid Omar’s possible appointment"},"content":{"rendered":"

KUALA LUMPUR, April 17 \u00a0— The share price of Bursa Malaysia Bhd rose this morning on news that the company would see a prominent corporate figure,\u00a0Tan Sri Abdul Wahid Omar, as its new chairman.<\/p>\n

As at 9.34 am, the stock exchange manager rose seven sen to RM5.92 after 155,200 shares changed\u00a0hands.<\/p>\n

Bursa Malaysia neither denied nor confirmed when queried by Bernama.<\/p>\n

\"Wahid\"
Tan Sri Abdul Wahid Omar<\/figcaption><\/figure>\n
\n

Abdul Wahid has served 17\u00a0years with government-linked companies, starting with UEM-Renong Group (2001-2004), Telekom Malaysia (2004-2008) and Malayan Banking Bhd (2008-2013).<\/p>\n<\/div>\n

\n

He was appointed as chairman of Permodalan Nasional Bhd\u00a0(2016-2018)\u00a0 following the completion of his term as a senator and Minister in the Prime Minister’s Department in charge of the Economic Planning Unit from June 2013 to June 2016.<\/p>\n

Abdul Wahid\u00a0was succeeded by ex-Governor of Bank Negara Malaysia, Tan Sri Dr Zeti Akhtar Aziz, as the country\u2019s largest unit trust fund\u2019s fourth chairman since its establishment in 1978.<\/p>\n<\/div>\n

\n

Meanwhile, AmInvestment Bank has upgraded its recommendation on Bursa Malaysia\u00a0to \u2018Buy\u2019 from \u2018Hold\u2019\u00a0with a revised fair value of RM6.40 against RM6.05 previously, in view of higher securities and\u00a0derivatives trading revenue in the first quarter of 2020 (1Q20).<\/p>\n<\/div>\n

\n

\u201cWe expect earnings for 1Q20 to come in strongly at circa RM67 million,\u201d the research house said in a note today.<\/p>\n

AmInvestment has also\u00a0fine-tuned its\u00a0earnings for financial years 2020\/21\/22 by 3.8 per cent\/0.8 per cent\/0.9 per cent as it factors in lower operating expenses and revenue from listing fees.<\/p>\n<\/div>\n

\n

– BERNAMA<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR, April 17 \u00a0— The share price of Bursa Malaysia Bhd rose this morning…<\/p>\n","protected":false},"author":1,"featured_media":3305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[8284,8285],"class_list":["post-3304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bursa-malaysia","tag-wahid-omar"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/wahid-omar.jpg",895,602,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/wahid-omar-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/wahid-omar-300x202.jpg",300,202,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/wahid-omar-768x517.jpg",640,431,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/wahid-omar.jpg",640,430,false],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/wahid-omar.jpg",895,602,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/wahid-omar.jpg",895,602,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/wahid-omar.jpg",895,602,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/wahid-omar.jpg",895,602,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/wahid-omar.jpg",706,475,false]},"author_info":{"info":["Editor"]},"category_info":"Business<\/a>","tag_info":"Business","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/3304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3304"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/3304\/revisions"}],"predecessor-version":[{"id":3306,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/3304\/revisions\/3306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/3305"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}