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...
Jerasia
Capital Bhd (+ve)
SHARES
in Jerasia Capital Bhd (fundamental: 0.35/3, valuation: 1.1/3), which gained
one sen or 1.49% to close at 68 sen yesterday, triggered our momentum algorithm
for the first time this month.
One
million shares were exchanged, compared with the stock’s 200-day average volume
of 89,621.
The
company’s share price has risen significantly since last week, jumping 16.5 sen
or 32% to close at 67.5 sen on Oct 19, from its closing of 51 sen on Oct 18.
The
jump triggered an unusual market activity query from the bourse regulator,
though Jerasia said it wasn’t aware of the reason behind the sudden gain.
For
the second quarter ended Sept 30, 2015 (2QFY16), the company’s net profit rose
32% y-o-y to RM1.28 million, as revenue rose 18% to RM94.92 million.
Jerasia
is trading at 0.39 times its net book value.
Source: http://www.theedgemarkets.com/my/article/stock-momentum-jerasia-capital-1
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