CIMB Research retains Add for Unisem but lowers target price
KUALA LUMPUR: CIMB Equities Research is retaining its Add rating for semicon company Unisem but cut its target price from RM3.60 to RM2.50 due to the weak investor sentiment and rising market volatility.
KUALA LUMPUR (May 24): Malaysian Government-owned investment arm Khazanah Nasional Bhd said today that it had issued RM3 billion worth of redeemable cumulative convertible preference shares (RCCPS) to the Ministry of Finance (MOF) on March 7, 2011.
Khazanah said the RCCPS was essentially injected capital which MOF has the right to redeem at any time.
In a statement today, Khazanah said the MOF owns 100% of Khazanah.
"On 14 March 2014, MOF redeemed RM1.8b of the RM3.0b issued. On 11 August 2017, MOF redeemed a further RM1.199b of the remaining RM1.2b RCCPS.
The Intel AI Lab has open-sourced a library for natural language processing to help researchers and developers give conversational agents like chatbots and virtual assistants the smarts necessary to function, such as name entity recognition, intent extraction, and semantic parsing to identify the action a person wants to take from their words. Just a few […]