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'CIMB share prices to rebound'

'CIMB share prices to rebound'

MITSUBISHI UFJ Financial Group’s move to sell all its 412 million shares in CIMB Group Holdings Bhd sent the latter’s shares down in early trade yesterday. Analysts, however, believe it was only a knee-jerk reaction and CIMB’s share price should move up again to reflect its fundamentals. MUFG, through banking arm The Bank of Tokyo-Mitsubishi […]

September 21, 2017 | By | Reply More
Sept 21: KL shares open higher

Sept 21: KL shares open higher

KUALA LUMPUR: Bursa Malaysia rebounded at the opening today as buying interests emerged following three straight days of losses, dealers said. At 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,775.45, up 1.87 points against yesterday’s close of 1,773.58. Earlier, the benchmark index opened 1.87 points higher at 1,775.45. On the broader market, […]

September 21, 2017 | By | Reply More
BNM releases latest Financial Consumer Alert list

BNM releases latest Financial Consumer Alert list

KUALA LUMPUR: Bank Negara Malaysia today released its latest Financial Consumer Alert list of 405 companies and websites which are either unapproved and unauthorised for operations. Bank Negara said the list is not exhaustive and only serves as a guide to members of the public based on information and queries it received. The companies added […]

September 20, 2017 | By | Reply More
Car sales drop marginally in August, higher month-on-month

Car sales drop marginally in August, higher month-on-month

KUALA LUMPUR: New vehicles sales dropped 0.9 per cent, or 499 units lower, to 51,720 units in August from 52,219 units a year ago. The Malaysian Automotive Association (MAA), however, said the sales volume in August was 6.5 per cent or 3,167 units higher than July. This was due to promotional campaigns by car companies […]

September 20, 2017 | By | Reply More
Hibiscus Petroleum most actively traded on Sabah PSC acquisition update

Hibiscus Petroleum most actively traded on Sabah PSC acquisition update

KUALA LUMPUR: Hibiscus Petroleum Bhd was the most actively traded counter in the morning session today on a new update of the North Sabah Enhanced Oil Recovery (EOR) production sharing contract (PSC) 50 per cent stake acquisition. At 11.54 am, Hibiscus Petroleum shares perked eight sen to 54.5 sen with 156.16 million shares traded. Public […]

September 20, 2017 | By | Reply More
Norway wealth fund hits 'milestone' $1 trillion value

Norway wealth fund hits 'milestone' $1 trillion value

OSLO: Norway’s sovereign wealth fund, the largest in the world, on Tuesday reached the value of $1 trillion dollars for the first time, the Norwegian central bank, which manages the fund, said. This amount equals nearly $189,000 (157,000 euros) for each of the 5.3 million people living in Norway. Established in the 1990s to manage […]

September 19, 2017 | By | Reply More
Eco Ardence is a retail hive at Setia Alam

Eco Ardence is a retail hive at Setia Alam

SHAH ALAM: Ardence Labs – the larger scale of commercial retail container spaces within the 533-acre freehold development of Eco Ardence, has welcomed its first 18 tenants. Among the tenants include Jaya Grocer; a pet hotel – Cocomomo Pets Hotel; a football academy – Eco Ardence and Plant Cartridge as well as food and beverages […]

September 19, 2017 | By | Reply More
MIDF: Hospital operators' business set to improve

MIDF: Hospital operators' business set to improve

KUALA LUMPUR: Earnings of the private healthcare operators are expected to display further improvements from fourth quarter (Q4) 2017 onwards, said MIDF Research. In a report to investors today, MIDF said it expects revenue and earnings growth to be mainly driven by organic growth from existing hospitals as well as hospitals that were newly opened […]

September 19, 2017 | By | Reply More
Nikkei scales over 2-yr high on weak yen, snap election hope

Nikkei scales over 2-yr high on weak yen, snap election hope

TOKYO: Japan’s Nikkei share average surged 2 per cent on Tuesday to hit its highest close in more than two years as investors drew confidence from a weakening yen and gains on Wall Street, while hopes of a snap election underpinned the market. The Nikkei jumped 2.0 per cent to end at 20,299.38, the highest […]

September 19, 2017 | By | Reply More
ASNB aims to register 6,000 new investors at Fiesta Labur PNB

ASNB aims to register 6,000 new investors at Fiesta Labur PNB

KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB), a wholly-owned unit of Permodalan Nasional Bhd (PNB), has targeted to register 5,000 to 6,000 new account holders during the Fiesta Labur PNB in Putrajaya from Sept 28 to Oct 1. Its Chief Executive Officer/ Executive Director, Mohammad Hussin said this is based on the expected visitor turnout […]

September 19, 2017 | By | Reply More