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Wednesday, 14 November 2018
KUALA LUMPUR: Poultry farmer and egg producer Teo Seng Capital Bhd saw its net profit jump more than six times to RM7.02 million for the third quarter ended Sept 30, 2018 (3QFY18), from RM1.13 million a year ago, on improved selling prices of eggs and ...
Wednesday, 14 November 2018
KUALA LUMPUR: The Malaysian government bonds, or govvies, in the secondary market continued to weaken in October, primarily pressured by the prospect of higher US interest rates following a slew of positive US economic data releases, as well as concerns ...
Wednesday, 14 November 2018
KUALA LUMPUR: Securemetric Bhd, a provider of digital security products and solutions, made an impressive debut on the ACE Market of Bursa Malaysia yesterday at 45 sen, a 80% premium to its offer price of 25 sen. Its shares — the fourth top gainer on ...
Wednesday, 14 November 2018
KUALA LUMPUR: Industrial adhesive manufacturer Techbond Group Bhd, seeking to raise RM39.67 million from its initial public offering (IPO), will spend the bulk of the proceeds to finance its expansion in Vietnam. Managing director Lee Seng Thye said the ...
Wednesday, 14 November 2018
KUALA LUMPUR: The government does not plan to sell its assets at fire sale rates, Finance Minister Lim Guan Eng said in a strategy note on Malaysia by CGS-CIMB yesterday. However, there are plans to beef up underperforming assets before selling them, he ...
Wednesday, 14 November 2018
KUALA LUMPUR: Malaysia Building Society Bhd’s (MBSB) net profit for the third financial quarter ended Sept 30, 2018 (3QFY18) rose 21.07% to RM121.96 million from RM100.74 million a year ago, mainly due to lower impairment allowances on loans and financing ...
Wednesday, 14 November 2018
KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad has assured the public that those charged with stealing money from state fund 1Malaysia Development Bhd (1MDB) will get a fair trial, including former leader Datuk Seri Najib Razak, CNBC reported. “We ...
Wednesday, 14 November 2018
KUALA LUMPUR (Nov 14): Shares in Malaysia Building Society Bhd (MBSB) rose 3.09% this morning after its net profit for the financial year ended Sept 30, 2018 rose 21.07% to RM121.96 million from RM100.74 million a year ago, mainly due to lower impairment ...
Wednesday, 14 November 2018
KUALA LUMPUR (Nov 14): Bermaz Auto Bhd shares rose 1.01% early today after Hong Leong IB Research initiated coverage on the stock with a “Buy” rating at RM1.98 and target price of RM2.70 based on 14x P/E CY20. At 9.06am, Bermaz added 2 sen to RM2 with 38. ...
Wednesday, 14 November 2018
Affin Hwang Capital upgrades Lafarge Malaysia on valuations, trims target to RM2.10
Wednesday, 14 November 2018
TOKYO (Nov 14): Asian shares edged lower as investors fretted about slowing global growth with crude oil prices sinking on worries about weakening world demand and oversupply. U.S. crude futures dived 7 percent the previous day, suffering their biggest ...
Wednesday, 14 November 2018
KUALA LUMPUR (Nov 14): The FBM KLCI extended its decline this morning and dipped 0.27%, dragged by losses at index-linked banking stocks and utility giant Tenaga Nasional. At 9.05am, the FBM KLCI fell 4.56 points to 1,683.01. The early losers included ...
Wednesday, 14 November 2018
SINGAPORE (Nov 14): Oil markets remained on a weak footing on Wednesday after a 7 percent slump the previous session, with surging supply and expectations of faltering demand pressuring crude prices. U.S. West Texas Intermediate (WTI) crude oil futures ...
Wednesday, 14 November 2018
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Wednesday, 14 November 2018
KUALA LUMPUR (Nov 14): AmBank Group Research expects the ringgit (MYR) to trade between its support level of 4.1785 and 4.1857 while the resistance is pinned at 4.1977 and 4.2079. In his AmBankFXDaily note today, AmBank group chief economist and head of ...
Wednesday, 14 November 2018
KUALA LUMPUR (Nov 14): Hong Leong IB Research has initiated coverage on Bermaz Auto Bhd with a “Buy” rating at RM1.98 and target price of RM2.70 based on 14x P/E CY20. In a note today, the research house said it expects Bermaz to enjoy strong earnings ...
Wednesday, 14 November 2018
KUALA LUMPUR: The Public Accounts Committee (PAC) will kick off its investigation in the first week of December this year into the allegations the 2016 Auditor-General’s Report on 1Malaysia Development Bhd (1MDB) has been tampered with. As for other ...
Wednesday, 14 November 2018
TOKYO (Nov 14): Japan's economy shrank at an annualised rate of 1.2 percent in July-September, government data showed on Wednesday, after natural disasters disrupted production and a slowdown in overseas demand undermined exports. The preliminary reading ...
Wednesday, 14 November 2018
PETALING JAYA: The Real Estate and Housing Developers’ Association (Rehda) has proposed a residential real estate investment trust (REIT) to provide public rental housing for the bottom 40 (B40) income group as an alternative solution to home ownership. ...
Wednesday, 14 November 2018
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has come out to say that it has been complying with a government gazette that took effect on Jan 1, which mandates that airlines operating out of klia2 charge a passenger service charge (PSC) of RM73 for ...
Wednesday, 14 November 2018
KUALA LUMPUR: Scientex Bhd and Daibochi Bhd announced yesterday a halt to share trading today, sparking expectations of a possible takeover bid by Scientex for its smaller rival. Investors will be on the lookout for an offer to be extended by Scientex for ...

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