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Maxis Bhd records 17.62 pct rise in net profit for 2Q2017

Maxis Bhd records 17.62 pct rise in net profit for 2Q2017

KUALA LUMPUR: Maxis Bhd has recorded an impressive 17.62 per cent rise in its net profit for 2Q2017 at RM574 million, over the same quarter in 2016 when it hit RM488 million.

July 20, 2017 | By | Reply More
MDEC: Malaysia remains attractive for global business services amid global disruptions

MDEC: Malaysia remains attractive for global business services amid global disruptions

KUALA LUMPUR: Malaysia is currently an attractive location for global business services amidst the disruptions that are happening globally. These disruptions include political, economical, technological, social and legal disruptions, said MDEC vice president of investment and industry development Hew Wee Choong. Speaking at the Global Business Services Forum 2017 today, Hew said the uncertainty cause […]

July 20, 2017 | By | Reply More
Westports’ net profit declines 6.9% in Q2 on lower container throughput, declares 6.37 sen dividend

Westports’ net profit declines 6.9% in Q2 on lower container throughput, declares 6.37 sen dividend

PETALING JAYA: Westports Holdings Bhd saw a 6.9% drop in net profit to RM148.82 million for the second quarter ended June 30, 2017 against RM159.87 million in the same period a year ago, due to lower container throughput. Its revenue also dropped 4.1% from RM522.63 million to RM501.44 million. Westports has proposed to declared an […]

July 20, 2017 | By | Reply More
Thailand's PTT considers taking stake in Malaysia gas facility

Thailand's PTT considers taking stake in Malaysia gas facility

BANGKOK: Thailand’s state-owned oil and gas giant PTT Plc is considering taking a stake in a natural gas liquefaction plant to be built in Malaysia, a company spokesman said on Thursday.

July 20, 2017 | By | Reply More
Maxis Q2 earnings up 17.6% to RM574 million, declares 5 sen dividend

Maxis Q2 earnings up 17.6% to RM574 million, declares 5 sen dividend

PETALING JAYA: Maxis Bhd reported a 17.6% increase in net profit to RM574 million for the second quarter ended June 30 from RM488 million in the previous corresponding period, buoyed by higher earnings before interest, taxes, depreciation and amortisation (ebitda) and lower property, plant and equipment related charges. Revenue rose 3.3% from RM2.1 billion to […]

July 20, 2017 | By | Reply More
Kerjaya Prospek wins RM64.22m related party job

Kerjaya Prospek wins RM64.22m related party job

PETALING JAYA: Kerjaya Prospek Group Bhd’s subsidiary Kerjaya Prospek (M) Sdn Bhd, has won a RM64.22 million job from a related party Kerjaya Prospek Property Sdn Bhd (KP Property). The contract is for foundation piling works and associated sub-structure works for proposed mixed development, of one block of 25 storey hotel and office building and […]

July 20, 2017 | By | Reply More
Khazanah looks to sell CIMB shares for up to RM581 million

Khazanah looks to sell CIMB shares for up to RM581 million

The shares up for sale have been priced at RM6.31–RM6.42 per share, IFR, a Thomson Reuters publication, reported. KUALA LUMPUR: State-owned investment firm Khazanah Nasional Bhd is looking to sell a block of shares in Malaysia’s CIMB Group Holdings Bhd for RM571 million-RM581 million (US$133.22-US$135.56 million), IFR reported citing a term sheet. The shares up […]

July 20, 2017 | By | Reply More
CIMB Group Holdings gets neutral call

CIMB Group Holdings gets neutral call

KUALA LUMPUR: CIMB Group Holdings Bhd received a neutral call with a target price of RM6.40 from PublicInvest Research as the Group’s Thai unit’s 1HFY17 net profit improved year-on-year (YoY) on the back of lower operating expenses and provisions.

July 20, 2017 | By | Reply More
Sunac shares jump to record highs after Wanda deal restructured

Sunac shares jump to record highs after Wanda deal restructured

Sunac shares jump to record highs after Wanda deal restructured

July 20, 2017 | By | Reply More
ADB: Asia growth outlook brightens on strong exports

ADB: Asia growth outlook brightens on strong exports

ADB: Asia growth outlook brightens on strong exports

July 20, 2017 | By | Reply More