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Minda Global makes disappointing debut

Minda Global makes disappointing debut

KUALA LUMPUR: Educational services provider Minda Global Bhd, which was listed on the Main Market of Bursa Malaysia Securities Bhd (Bursa Securities) yesterday through the takeover of Asiamet Education Group Bhd’s (AEGB) slot, closed its first trading day 6.82% lower at 20.5 sen with 1.4 million shares traded. The company took over the listed status […]

February 19, 2018 | By | Reply More
Foreign investors net buyers in holiday-shortened week

Foreign investors net buyers in holiday-shortened week

PETALING JAYA: The net amount acquired by foreign investors during the 3.5 days of trading last week amounted to RM4.5 million net, the smallest amount bought in a week thus far this year, based on preliminary data from Bursa, which excluded off market deals. “After a huge sell-off in the preceding week, foreign investors increased […]

February 19, 2018 | By | Reply More
Gas Malaysia earnings forecasts upgraded

Gas Malaysia earnings forecasts upgraded

PETALING JAYA: Analysts have revised earnings forecast for Gas Malaysia Bhd upwards, following a strong fourth-quarter earnings performance, which beat consensus expectations. Its net profit rose 49.22% in the fourth quarter ended Dec 31, 2017 to RM76.98 million from RM51.58 million in the same quarter a year ago, in line with the increase in gas […]

February 19, 2018 | By | Reply More
Lafarge’s Q4 2017 results expected to be subdued

Lafarge’s Q4 2017 results expected to be subdued

PETALING JAYA: AmBank Research is anticipating weaker-than-expected 4Q 2017 results for Lafarge Malaysia Bhd (LM) following the subdued results (for the October-December 2017 quarter) posted by LM’s peers like Tasek Corp and Hume Industries, where both saw a quarter-on-quarter (q-o-q) decline in their revenue and earnings. The research house cut its fair value and earnings […]

February 19, 2018 | By | Reply More
Zelan Q4 net loss widens

Zelan Q4 net loss widens

PETALING JAYA: Zelan Bhd posted a wider net loss of RM59.10 million for the fourth quarter ended Dec 31, 2017, compared with a net loss of RM37.70 million a year ago, attributable mainly to a RM43.4 million loss from the Meena Plaza project and a higher unrealised foreign exchange loss of RM5.7 million from oversea […]

February 19, 2018 | By | Reply More
Rohas unit gets RM249m TNB contracts

Rohas unit gets RM249m TNB contracts

PETALING JAYA: Rohas Tecnic Bhd’s 75%-owned subsidiary HG Power Transmission Sdn Bhd has bagged two contracts from Tenaga Nasional Bhd to supply and install transmission lines for a combined contract value of RM249.63 million. The company’s board of directors told the stock exchange that it received the contract awards on Feb 14. The first contract […]

February 19, 2018 | By | Reply More
Brite-Tech sued by ex-director for negligence, breach of duty of care

Brite-Tech sued by ex-director for negligence, breach of duty of care

PETALING JAYA: Brite-Tech Bhd (BTech) and its wholly owned subsidiary Brite-Tech Corp Sdn Bhd (BCSB) are both being sued by a former executive director of BTech and a former director of BTech’s wholly owned subsidiary Hooker Chemical Sdn Bhd (HCSB) for negligence and breach of duty of care. BTech and BCSB were served with a […]

February 19, 2018 | By | Reply More
Ringgit closes higher versus US dollar

Ringgit closes higher versus US dollar

KUALA LUMPUR: The ringgit closed higher against the US dollar today amid encouraging global oil prices, said dealers. At 6 pm, the local note was quoted at 3.8890/8920 versus the greenback from 3.8910/8980 last Thursday. The local foreign exchange market was closed on Friday for the Lunar festival. OANDA Corp Head of Trading for Asia-Pacific […]

February 19, 2018 | By | Reply More
Bursa M'sia ends on a firm note

Bursa M'sia ends on a firm note

KUALA LUMPUR: Bursa Malaysia ended on a firm note today, lifted by buying interest across the board and the performance of regional bourses, dealers said. At the close, the key FTSE Bursa Malaysia KLCI (FBM KLCI) was 19.04 points higher at 1,857.32, after moving between 1,841.78 and 1,858.23 throughout the day. It opened 4.74 points […]

February 19, 2018 | By | Reply More
Asian markets edge up as investor sentiment calms

Asian markets edge up as investor sentiment calms

TOKYO: Asian stock markets mostly edged up in thin holiday trade on Monday, with Tokyo’s benchmark index surging nearly two percent as investors regained some confidence. A weaker yen and continued gains on Wall Street last week helped push the bellwether Nikkei 225 index up 1.97% or 428.96 points to close at 22,149.21. The broader […]

February 19, 2018 | By | Reply More