Oil and gas sector
Maintain overweight: The results for the fourth quarter of financial year 2019 (4QFY19) of the seven oil and gas (O&G) companies under our coverage were more volatile as only two of them — Petronas Gas Bhd and Serba Dinamik Holdings Bhd — came in line with expectatio...

Bright prospects seen for order flows in O&G sector

Top Glove Corp Bhd
(March 3, RM5.70)
Downgrade to hold with a higher fair value of RM5.82: We tweak our earnings forecasts for Top Glove Corp Bhd upward for the financial year ending Aug 31, 2020 (FY20), FY21 and FY22 by around 1% to 2% to reflect the impact of an i...

Top Glove’s strength seen in expansionary plans, among others

Hock Seng Lee Bhd
(Feb 27, RM1.28)
Maintain hold with a lower fair value (FV) of RM1.18: We maintain our “hold” call, but reduce our financial year ending 2020 and 2021 forecasted (FY20–21F) net profit forecasts by 6% each and similarly our FV by 6% to RM1.18 (from ...

HSL’s niche strength seen in marine work, land reclamation

Velesto Energy Bhd
(Feb 26, 33 sen)
Maintain buy with an unchanged fair value (FV) of 46 sen: We have cut Velesto Energy Bhd’s forecast financial year 2020 (FY20F) net profit by 20% on lower rig utilisation to 80% from 90% earlier as Naga 3 has been idle since Decem...

Velesto expects charters to be extended on higher rates

Salutica Bhd
(Feb 25, 76.5 sen)
Downgrade to underweight with a lower fair value (FV) of 58 sen: We downgrade our recommendation on Salutica Bhd to “underweight” from “buy” with a lower FV of 58 sen (previously 95 sen per share), pegged at a forecasted financial yea...

Salutica expected to return to the black in FY21

Pecca Group Bhd
(Feb 24, RM1.04)
Maintain buy with an unchanged fair value of RM1.46: Pecca Group Bhd’s first half of financial year ended Dec 31, 2019 (1HFY20) core net profit of RM8.5 million (-7% year-on-year [y-o-y]) was in line with our expectations, accounting...

Pecca 1HFY20 core net profit in line with expectations

YTL Hospitality REIT
(Feb 21, RM1.33)
Maintain buy with a higher fair value (FV) of RM1.63: Our FV revision is based on: i) a revised target yield of 5% (from 5.5%); and ii) rolling over our valuation to financial year ending June 30, 2021 (FY21) distributable incom...

YTL Hospitality REIT likely to have more room for future acquisitions

Leong Hup International Bhd
(Feb 20, 75 sen)
Maintain buy with a lower fair value (FV) of 89 sen: We maintain our “buy” call on Leong Hup International Bhd (LHI) with a lower FV of 89 sen. We cut our earnings forecasts for the financial year ending Dec 31, 2020 (FY2...

Raw material price drop seen to benefit Leong Hup International

Leong Hup International Bhd
(Feb 19, 77 sen)
Maintain buy with a lower fair value of RM1.02: Leong Hup International Bhd’s (LHI) core net profit for the financial year ended Dec 31, 2019 (FY19) of RM167.2 million, after excluding an impairment loss on receivables of...

Leong Hup’s outlook seen positive on stable demand for chickens

Guan Chong Bhd
(Feb 18, RM3.13)
Maintain buy with a higher fair value of RM3.51: Our earnings forecasts for Guan Chong Bhd for financial year 2019 (FY19), FY20 and FY21 are raised 8.9%, 5.8% and 0.4% respectively, to account for an estimated higher earnings before i...

Buying SHG likely to enhance Guan Chong’s earnings

Capital A CEO Tan Sri Tony Fernandes clarified today that it will be AirAsia Consulting, not AirAsia, that is bidding for SriLankan Airlines.

NEWS: AirAsia Consulting, not AirAsia, bidding for SriLankan Airlines

Jiankun International Bhd has inked a memorandum of understanding (MOU) with Micro Energy Holdings (M) Sdn Bhd to equip one of its residential developments named Taman Panchor Jaya in Nibong Tebal, Penang, with solar photovoltaic (PV) systems.

Jiankun partners Micro Energy to equip homes in Penang's Taman Panchor Jaya with solar PV systems

Malaysia is currently working on a free trade agreement (FTA) with the European Union (EU), according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, after initial negotiations between the two parties reached an impasse about 12 years ago.

Malaysia-EU FTA back on the table, says Zafrul

Axis Real Estate Investment Trust (Axis REIT), which focuses on industrial assets, is disposing of its property in Nusajaya, Johor, for RM162 million cash to a data centre operator. It did not disclose the identity of the purchaser.

Axis REIT to dispose of Axis Steel Centre @ SiLC in Johor for RM162m cash

The Civil Aviation Authority of Malaysia (CAAM) has revoked the air operator's certificate (AOC) of cash-strapped low-cost carrier MYAirline Sdn Bhd, effective April 15, after it failed to find a new investor before the April 14 deadline.

MYAirline loses licence to operate as commercial airline as CAAM revokes AOC

OCR Group Bhd on Wednesday entered into a deal with a landowner to jointly develop a residential project on 18.37 acres (7.43 hectares) of freehold land in Templer, Rawang, with an estimated gross development value of RM313 million.

OCR Group inks JV agreement for residential development in Rawang

The ringgit closed marginally lower on Wednesday on firmer US dollar Index (DXY) despite the US’ sluggish manufacturing purchasing managers' index (PMI) data on Tuesday.

Ringgit ends marginally lower on firmer US dollar index  

Malaysia's trade with China rose 3% year-on-year (y-o-y) in the first quarter of 2024 (1Q2024), following a better-than-expected gross domestic product (GDP) growth seen in the world's second largest economy during the quarter, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Malaysia-China trade improved amid republic's better-than-expected 1Q growth, says Zafrul

Mah Sing Group Bhd's land acquisition for its third development in Setapak, Kuala Lumpur, namely M Azura, has become unconditional. The developer has three months to pay the balance purchase price of about RM59 million. The land for M Azura was acquired on Dec 8, 2023 for a total cost of RM74.3 million.

Mah Sing's land acquisition for M Azura has become unconditional

The Ministry of Investment, Trade and Industry (Miti) will finalise a comprehensive strategic plan for the semiconductor industry to ensure Malaysia remains competitive in the sector.

Miti to finalise comprehensive strategic semiconductor plan by next month

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 24)

Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.

The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.

Farm Price starts taking orders for ACE Market IPO to raise up to RM24.48 mil

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is the entity that is bidding to acquire SriLankan Airlines, and if it materialises, will raise its own capital for the acquisition, according to chief executive officer Tan Sri Tony Fernandes.

AirAsia Consulting, not AirAsia, is bidding for SriLankan Airlines, says Fernandes

Analysts predict a decline in earnings for Malaysian automotive companies in 2024, attributed to lower sales volumes and higher operating costs, coupled with the emergence of several Chinese original equipment manufacturers (OEMs) offering attractive pricing.

M'sian automakers expected to feel pinch from lower sales, higher costs, rise of Chinese OEMs

With Malaysia’s 5G outdoor coverage having reached the 80% target for coverage of populated areas (CoPA) at the end of 2023 and after the signing of the share subscription agreements (SSAs) by five mobile network operators (MNOs) on Dec 1, 2023, what’s next for the next stage of 5G deployment in Malaysia?

What’s next for 5G deployment in Malaysia?

Carlsberg Brewery Malaysia Bhd, the locally-listed unit of the Danish brewer, confirmed the price increases for its beer products starting this month.

Carlsberg Malaysia raises prices of beers to preserve margin

One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.

Malaysia to start using QR code at checkpoints with Singapore, report says

E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.

MyEG inks partnership to launch Hong Kong virtual assets

Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;

Telco shares lift Bursa higher at midday

JASMINE Loo was the third individual wanted by the authorities, on the Interpol Red Notice list, &nbsp;to return to Malaysia.

More than 10 years on from the first signs of trouble at 1Malaysia Development Bhd (1MDB), there are still a number of individuals who remain on the run, sought ...

Most yet to return to face the music

Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

Fernandes to be CEO of Capital A for another five years

Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.

NationGate may extend upward trajectory, says Rakuten Trade 

Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.

DXN climbs over one-month high, analysts see positive outlook

The Malaysian Anti-Corruption Commission investigating officer (MACC IO) probing Datuk Seri Najib Razak in relation to the 1Malaysia Development Bhd (1MDB) debacle never asked the former prime minister if he had instructed for the controversial transfer of US$700 million to a company linked to fugitive Low Taek Jho (Jho Low), the court heard on Wednesday.

MACC officer did not ask Najib if he instructed controversial transfer of US$700m to Good Star

French electronic manufacturing service firm eolane has launched a new manufacturing plant in Kulim Hi-Tech Park, Kedah involving an investment of €8.7 million (RM45 million) for the first phase of the project.

France-based eolane launches RM45 mil facility in Kulim Hi-Tech Park

Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.

Haily shares near all-time high after securing RM109.5m housing job

Gold’s record-setting rally this year has puzzled market watchers, as bullion has roared higher, despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.

Gold’s record-setting rally may have its roots in Chinese frenzy

KUALA LUMPUR (April 24): Dataprep Holdings Bhd said on Wednesday that Tan Sri Muhammad Ikmal Opat Abdullah has ceased to be the substantial shareholder in the IT products and services company.

Muhammad Ikmal of Widad ceases to be Dataprep’s substantial shareholder as shares sale continues

Several important developments related to Digital Nasional Bhd (DNB), including the appointment of its board members and the direction of the agency, will be announced on Thursday, said Communications Minister Fahmi Fadzil.

Digital minister to unveil DNB board, announce new developments tomorrow — Fahmi

Meta Bright Group Bhd said its wholly owned subsidiary FBO Land (Serendah) Sdn Bhd and Doople Tech Sdn Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd, following its recent collaboration with Doople to form a joint venture (JV) company to bid for renewable energy (RE) projects with a Bumiputera equity requirement.

AmInvestment Bank

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

AmInvestment Bank

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌