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Dialog’s Q2 net profit dips 2%

Dialog’s Q2 net profit dips 2%

PETALING JAYA: Dialog Group Bhd’s net profit saw a slight drop of 2.18% to RM78.01 million for the second quarter ended Dec 31, 2015, compared with RM79.75 million in the previous corresponding period on higher operating expenses and lower other operating income. Revenue for the quarter under review, expanded 12.16% from RM570.29 million to RM639.63 […]

February 16, 2016 | By | Reply More
More services available now on Maybank2u

More services available now on Maybank2u

PETALING JAYA: Maybank Bhd has introduced new services such as real-time account opening on its online banking platform Maybank2u (M2u). Other services introduced include instant decisions for credit cards, bill presentment on mobile, QuickTouch for Android devices and a transaction banking site in Bahasa Malaysia. The bank, which holds 64% market share of internet banking transaction […]

February 16, 2016 | By | Reply More
WCT expected to raise RM1.5b from degearing

WCT expected to raise RM1.5b from degearing

PETALING JAYA: WCT Holding Bhd’s degearing exercise, which includes monetising its landbank as well as the listing of its construction division and investment assets, is estimated to raise proceeds totalling RM1.5 billion. The proposed listing of the investment assets and construction arm is targeted by end-2016, Public Investment Bank Research analyst Tan Siang Hing said […]

February 16, 2016 | By | Reply More
Asia Knight aborts plans to acquire construction firm

Asia Knight aborts plans to acquire construction firm

PETALING JAYA: Practice Note 17 (PN17) companyAsia Knight Bhdis in danger of being delisted after it aborted plans to acquire construction fir, PA Builders Sdn Bhd (PABSB), citing a weaker ringgit and economic uncertainties. Plastic parts manufacturer Asia Knight was looking to regularise its financial position by venturing into the construction sector via the acquisition. […]

February 16, 2016 | By | Reply More
Q4 2015 earnings may be less disappointing: MIDF Research

Q4 2015 earnings may be less disappointing: MIDF Research

PETALING JAYA: MIDF Research expects the 2015 fourth quarter (Q4’15) corporate results season to be better than those for Q3’15 as there are only two underperformers against four outperformers out of the eight results released so far. In contrast, during the Q3’15 reporting season, there were eight underperformers among the FBM KLCI constituents against five […]

February 16, 2016 | By | Reply More
Affin Hwang thumbs up for Gamuda’s rights issue of warrants

Affin Hwang thumbs up for Gamuda’s rights issue of warrants

PETALING JAYA: Affin Hwang Capital has recommended that shareholders subscribe for Gamuda Bhd’s rights issue of warrants, which will close for subscription on Feb 26, 2016. “Based on our fair value of RM1.56 for the warrant, the implied fair value for Gamuda-WR (warrant rights) is RM1.31 (after deducting the warrant issue price of 25 sen). […]

February 16, 2016 | By | Reply More
Annual cash payout the key feature of PruBSN Platinum

Annual cash payout the key feature of PruBSN Platinum

PETALING JAYA: Prudential BSN Takaful (PruBSN) has launched PruBSN Platinum, a plan that combines savings multiplier, life protection and potential growth on investments features. “The cash payout feature in PruBSN Platinum allows certificate holders to earn more savings, which is much needed in today’s prevailing economic and living conditions. The product gives flexibility to the […]

February 16, 2016 | By | Reply More
TSR acquires land in Sungai Buloh, plans office towers project

TSR acquires land in Sungai Buloh, plans office towers project

PETALING JAYA: TSR Bhd is buying the entire stake in Satu Kahwin Sdn Bhd, a company which owns a 5,078 sq m development land in Sungai Buloh, Selangor, from Datuk Meer Sadik Habib, the managing director of jeweller Habib Jewels, and his wife Datin Seri Zarida Noordin for RM48.1 million. In a filing with Bursa […]

February 16, 2016 | By | Reply More
Profit taking drags Ringgit lower

Profit taking drags Ringgit lower

KUALA LUMPUR: The ringgit closed lower against the US dollar today, contracting from yesterday’s uptrend as profit taking emerged to cap the day’s gains, dealers said. At 5pm, the local unit was traded at 4.1500/1550 per US dollar from 4.1250/1340 yesterday. A dealer said the local unit moved sideways and retreated from its earlier gains, […]

February 16, 2016 | By | Reply More
Bursa Malaysia ends higher

Bursa Malaysia ends higher

KUALA LUMPUR: Bursa Malaysia finished higher today boosted by fresh buying interests in heavyweights led by Petronas Chemicals and Axiata. At 5pm, the key index finished 15.03 points stronger at 1,664.99 compared with Monday’s close of 1,649.96. The index, which eased to an intraday low of 1,651.35 earlier, opened 1.47 points better at 1,651.43 at […]

February 16, 2016 | By | Reply More