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PublicInvest backs Hibiscus' long-term prospects with initiatives to boost output

PublicInvest backs Hibiscus' long-term prospects with initiatives to boost output

KUALA LUMPUR: PublicInvest Research remains positive over Hibiscus Petroleum Bhd’s long-term prospects given its ongoing initiatives to constantly increase production levels in enhancing shareholders value. In a note today, PublicInvest said while it believed the completion of Hibiscus’ North Sabah deal is on hand, it is now only accounting for a quarter’s contribution from the […]

February 22, 2018 | By | Reply More
Feb 22: Ringgit lower against US dollar for third day running

Feb 22: Ringgit lower against US dollar for third day running

KUALA LUMPUR: The ringgit opened lower against the US dollar for the third consecutive day today. At 9am, the local note stood at 3.9140/9170 against the greenback from Wednesday’s close of 3.9040/9080. However, against a basket of other major currencies, the ringgit traded mostly higher. It rose against the Singapore dollar to 2.9540/9569 from 2.9551/9595 […]

February 22, 2018 | By | Reply More
Feb 22: Bursa Malaysia opens lower

Feb 22: Bursa Malaysia opens lower

Bursa Malaysia opened lower today, taking the cue from the weaker overnight performance on Wall Street, as investors digested the minutes of the Federal Open Markets Committee (FOMC) meeting released yesterday. The FOMC indicated it was optimistic about stronger-than-expected US economic growth this year, and there may be more interest rate hikes ahead. At 9.03 […]

February 22, 2018 | By | Reply More
Al-Salam REITs net profit falls to RM40.61m

Al-Salam REITs net profit falls to RM40.61m

KUALA LUMPUR: Al-salam Real Estate Investment Trust’s (REIT) net profit fell to RM40.61 million in the financial year ended Dec 31, 2017 (FY17) from RM46.67 million in FY16. Revenue, however, rose to RM80.03 million from RM76.14 million previously. In a filing to Bursa Malaysia, Al-salam REIT attributed the weaker profit to lower fair value gain on […]

February 21, 2018 | By | Reply More
AirAsia X posts strong Q4 results

AirAsia X posts strong Q4 results

By ZARINA ZAKARIAH zarinaz@mediaprima.com.my   KUALA LUMPUR: AirAsia X Bhd (AAX) recorded a 116 per cent higher net profit to RM84.4 million in its fourth quarter of 2017 from RM39 million in the same corresponding quarter the year before. AAX posted a net operating profit of RM100.1 million in the same quarter, while for the […]

February 21, 2018 | By | Reply More
D&O Green Technologies eyes double digit growth in next 5 years

D&O Green Technologies eyes double digit growth in next 5 years

By Amir Hisyam Rasid   KUALA LUMPUR: D&O Green Technologies Bhd expects double digit revenue growth to stretch higher for at least five years to come as more global car makers adopt rapid technology conversion in their products. Being Malaysia’s one and only manufacturer and marketer of light emitting diode (LED) products and one of […]

February 21, 2018 | By | Reply More
Malakoff's net profit halved to RM43.72m on lower capacity payment 

Malakoff's net profit halved to RM43.72m on lower capacity payment 

KUALA LUMPUR: Malakoff Corp Bhd’s net profit more than halved to RM43.72 million in the fourth quarter ended December 2017, from RM90.23 million in Q4 the previous year, mainly due to lower capacity payment recorded at Segari Energy Ventures Sdn Bhd. However, its revenue was higher at RM1.79 billion in the quarter, from RM1.71 billion […]

February 21, 2018 | By | Reply More
MAHB's net profit surges more than threefold in 2017

MAHB's net profit surges more than threefold in 2017

By AYISY YUSOF   KUALA LUMPUR: Malaysia Airports Holdings Bhd’s (MAHB) net profit rose more than threefold to RM236.49 million in the year ended December 31, 2017 from RM70.39 million previously. This was fuelled by sustained growth in passenger and aircraft movements, MAHB said in an exchange filing today. Group revenue rose 11.51 per cent […]

February 21, 2018 | By | Reply More
New vehicles sales in January were 92 units lower

New vehicles sales in January were 92 units lower

By Farah Adilla   KUALA LUMPUR: New vehicles sales for January was 0.2 per cent or 92 units lower than the same month last year. On a year-on-year basis, new vehicles sales for the month dropped to 44,575 units from 44,667 units, said the Malaysian Automotive Association. On a month-on-month basis, vehicles sales shrank 19 […]

February 21, 2018 | By | Reply More
MSM posts net loss of RM32.57m for FY17

MSM posts net loss of RM32.57m for FY17

February 21, 2018 @ 4:19pm KUALA LUMPUR: MSM Malaysia Holdings Bhd posted net loss of RM32.57 million for the financial year ended Dec 31, 2017 against a net profit of RM120.72 million registered in 2016. Revenue rose to RM2.67 billion versus the RM2.66 billion recorded a year ago due to the 12 per cent reduction in […]

February 21, 2018 | By | Reply More