The Bank of Russia unexpectedly maintained its key interest rate at a record-high 21% , defying analysts’ expectations of another significant hike as inflation remains stubbornly elevated. The decision marks a shift toward a more measured approach in balancing economic growth and price stability. Key Details Inflation Concerns: Annual inflation climbed to 8.9% in November, well above the central bank’s 4% target , with inflation expectations reaching 13.9% in December. Policy Rationale: The central bank cited the significant tightening of monetary conditions after October’s 200-basis point hike as sufficient to resume disinflationary processes. Governor Elvira Nabiullina emphasized avoiding both economic overheating and severe slowdowns. Economic Overheating: Elevated government spending on the war in Ukraine and social programs, coupled with labor shortages and rising wages, have fueled strong domestic demand, exacerbating price pressures...
Cepatwawasan
Group Bhd (-ve)
SHARES
in Cepatwawasan Group Bhd (fundamental: 0.7/3, valuation: 2/3), which triggered
our momentum algorithm yesterday for the second time this year, closed up two
sen or 2.55% at 80.5 sen.
It
saw 1.28 million shares traded, versus its 200-day average volume of 120,745.
The
oil palm planter’s share price spiked recently, after it announced a 187% jump
in net profit to RM10.4 million for the third quarter ended Sept 30, 2016
(3QFY16), from RM3.62 million a year earlier, on higher sales volume and better
crude palm oil and palm kernel prices. Revenue rose 8% year-on-year to RM79.08
million.
Subsequently,
its shares gained 9.5 sen or 14% to close at 78.5 sen on Oct 21, from 69 sen on
Oct 20.
Cepatwawasan
is trading at 0.52 times its net book value.
Source: http://www.theedgemarkets.com/my/article/stock-momentum-cepatwawasan-group
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