<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Sime Darby Bhd is selling a controlling 55% stake in its China-based palm oil refining unit to a local business entity for 85.25 million yuan (RM45.2 million).</p></div>

<div class=newsTextDataWrapInner><p>In a statement to Bursa Malaysia yesterday, Sime Darby said it is selling the stake in wholly-owned Rizhao Sime Darby Oils &amp; Fats Co Ltd to Shandong Wanbao Agricultural Co Ltd.</p></div>

<div class=newsTextDataWrapInner><p>Sime Darby said it had signed the equity transfer agreement with Shandong Wanbao last Friday. “The proposed transaction offers a good opportunity for Sime Darby to improve its commercial &nbsp;viability in other edible oils in China.”</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The transaction is due for completion within six months from the date of the agreement.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on December 3, 2014.</p></div>


KUALA LUMPUR: Sime Darby Bhd is selling a controlling 55% stake in its China-based palm oil refining unit to a local business entity for 85.25 million yuan (RM45.2 million).

In a statement to Bursa Malaysia yesterday, Sime Darby said it is selling the stake in wholly-owned Rizhao Sime D...

Sime Darby sells 55% of China palm oil refining unit for RM45m

CGS International has cut its earnings estimate for Inari Amerton Bhd to reflect recent data flagging weakened smartphone demand, according to its research note on Thursday.

CGS International cuts Inari-Amerton earnings forecast on weak smartphone demand

PARIS (April 25): BNP Paribas (BNPP) reported a fall in first-quarter profit and revenue on Thursday but beat analyst forecasts, as lower expenses and a strong performance in its corporate banking business offset flat or falling revenues elsewhere.

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KUALA LUMPUR (April 25): theedgemalaysia.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Thursday (April 25). One stock showed positive momentum, while eight stocks showed negative momentum.

The stock with positive momentum was:

  &nb...

RGT, Notion, BMGreen, Plytec, AlAqar, Sasbadi, QL, Sign, CGB

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The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus February’s 1.8% gain.

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Toyota Motor said on Thursday its global sales and production hit record highs in the year ended March 31, supported by robust demand and the absence of semiconductor supply constraints it had to endure in recent years.

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Nestle on Thursday missed first-quarter organic sales growth estimates, as the world's biggest packaged food company hiked prices and sold fewer products, particularly in North America.

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<p>KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.</p>

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<p>KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.</p>


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<p>Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.</p>

<p>The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus February’s 1.8% gain.</p>


<p>RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.</p>


NationGate is observing technical breakout, says RHB Retail Research 

<p>Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.</p>


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<p>RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.</p>


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<p>Benchmark S&amp;P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.</p>


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<p>His lawyer Chetan Jethwani said that Court of Appeal deputy registrar Muhammad Noor Firdaus Rosli informed the parties of the matter on Thursday morning during case management.</p>


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<p>Visa Inc recently reported impressive fiscal second quarter 2024 results, with net revenue increasing by 10% and payments volume growing by 8%.</p>


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<p>Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.</p>
