Author Archive: The Sun Daily

rss feed

Author's Website

Bursa Malaysia closes lower ahead of long weekend

Bursa Malaysia closes lower ahead of long weekend

KUALA LUMPUR: Bursa Malaysia closed lower today as traders trimmed their positions ahead of the long weekend, a dealer said. At the close, the key FTSE Bursa Malaysia KLCI (FBM KLCI) fell 2.54 points to end at 1,771.04 against yesterday’s close of 1,773.58. Earlier, the benchmark index opened 1.87 points higher at 1,775.45. Market breadth […]

September 21, 2017 | By | Reply More
Local retail market to remain challenging

Local retail market to remain challenging

PETALING JAYA: The local retail market remains challenging as consumer purchasing power will continue to fall whilst retail players face increasing competition, as new local and foreign retailers flood the local market, according to MIDF Research. In a recent report its analyst Nabil Zainoodin said, in the near term retail sales will grow, driven heavily […]

September 21, 2017 | By | Reply More
Spritzer's future backed by growing export sales and better output and efficiency

Spritzer's future backed by growing export sales and better output and efficiency

PETALING JAYA: Kenanga Research has initiated coverage on Spritzer Bhd citing future earnings backed by growing export sales, and investments in production and warehousing capabilities that should improve output and efficiency. At the same time the group’s leading market position is expected to sustain, given the resilient demand for the group’s products. On Thursday, Spritzer […]

September 21, 2017 | By | Reply More
Bank Negara's international reserves at US$100.8b as at Sept 15, 2017

Bank Negara's international reserves at US$100.8b as at Sept 15, 2017

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to US$100.8 billion (RM432.8 billion) as at Sept 15, 2017, compared with US$100.5 billion (RM431.7 billion) registered as at Aug 30, 2017. “The reserves position is sufficient to finance 7.7 months of retained imports and is 1.1 times the short-term external debt,” said BNM in a […]

September 21, 2017 | By | Reply More
Miti expects SMEs grasp Industry 4.0 concept by year-end

Miti expects SMEs grasp Industry 4.0 concept by year-end

KOTA BARU,: The Ministry of International Trade and Industry (Miti) is targeting the small and medium enterprises (SMEs) to grasp the Industry 4.0 concept latest by the end of this year. Deputy Minister Datuk Ahmad Maslan (pix) said this was in line with the government’s aspiration to start applying the elements contained in Industry 4.0 […]

September 21, 2017 | By | Reply More
Dialog Group a "buy”

Dialog Group a "buy”

PETALING JAYA: AmInvestment Bank Bhd has reiterated its “buy” recommendation on Dialog Group Bhd with a higher sum-of-parts-based (SOP) fair value of RM2.45 per share, from RM2.24 per share previously. The stock closed unchanged at RM2 with 7.7 million shares traded. Its market capitalisation stood at RM11.3 billion. Year-to-date the stock price has gained more […]

September 21, 2017 | By | Reply More
Allana to diversify halal frozen meat offering to local market

Allana to diversify halal frozen meat offering to local market

KUALA LUMPUR: Indian buffalo meat exporter Allanasons Pvt Ltd (Allana), which is on the lookout for more Malaysian companies to serve as distributors, is working towards diversifying its product offering of halal frozen meat to the local market by next year. The group has been distributing boneless buffalo meat to Malaysia since 1982. It currently […]

September 21, 2017 | By | Reply More
Bank Negara's international reserves at US$100.8 billion as at Sep 15

Bank Negara's international reserves at US$100.8 billion as at Sep 15

PETALING JAYA: Bank Negara Malaysia’s international reserves amounted to US$100.8 billion (RM432.8 billion) as at September 15, 2017, 0.3% higher than the US$100.5 billion (RM431.7 billion) recorded as at August 30. The central bank said in a statement that the reserves position is sufficient to finance 7.7 months of retained imports and is 1.1 times […]

September 21, 2017 | By | Reply More
Analysts positive on automotive sector

Analysts positive on automotive sector

PETALING JAYA: Analysts are positive on the automotive sector, with expectations of strong momentum in the second half of 2017 (2H17), following higher total industry volume (TIV) in August. “The eight months 2017 TIV sales volume has achieved 67% of our 2017E TIV sales of 592,000. We believe 2H17 momentum will likely remain strong, supported […]

September 21, 2017 | By | Reply More
Fire at Lotte Chemical Titan's Pasir Gudang plant

Fire at Lotte Chemical Titan's Pasir Gudang plant

PETALING JAYA: Lotte Chemical Titan Holding Bhd today reported a fire incident which occurred yesterday at the site of its TE3 project in Pasir Gudang, Johor. The olefin and polyolefin producer told the stock exchange that the group is still in the midst of investigating the cause of the fire. However, it noted that no one was injured […]

September 21, 2017 | By | Reply More