FTSE Bursa Malaysia KLCI (.KLSE) closes lower in line with regional markets Bursa Malaysia ended lower today, dragged by losses in index-linked heavyweights like Maybank, Tenaga and Petronas Chemicals, in line with the bearish performance of regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.54 points to 1,574.44 from yesterday’s […]
FTSE Bursa Malaysia KLCI (.KLSE) ends lower dragged by losses in banking stocks Bursa Malaysia ended lower today, dragged by losses in selected heavyweights led by banking stocks, with the local benchmark index declining by 0.59 per cent. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.35 points to 1,577.98 from yesterday’s close […]
FTSE Bursa Malaysia KLCI (.KLSE) pulls back in line with regional retreat Bursa Malaysia ended the day in the red on Tuesday line with the weak performance of its regional peers as losses in selected heavyweights continued to weigh on the local index. At 5pm, the benchmark FBM KLCI shed 1.55 points to 1,587.33 amid […]
FTSE Bursa Malaysia KLCI (.KLSE) closes at day’s low as telcos weigh Telcos snapped their recent rally on Monday, dragging the FBM KLCI into the red while the recovery in crude palm oil (CPO) prices was unable to lift the plantation heavyweights. At 5pm, the KLCI was down 6.93 points or 0.43% to 1,588.88. Turnover […]
FTSE Bursa Malaysia KLCI (.KLSE) recovers on late buying Bursa Malaysia recovered from earlier losses to close higher today in tandem with regional peers, lifted by late buying in selected index-linked counters led by Axiata. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.74 points higher at 1,587.88 compared with 1,585.14 at […]
FTSE Bursa Malaysia KLCI (.KLSE) bucks regional trend, CI ends at intraday high Bursa Malaysia rebounded from earlier losses to close higher today, bucking the downtrend in regional stock markets, spurred by late bargain hunting in selected index-linked counters, dealers said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.54 points to finish […]
FTSE Bursa Malaysia KLCI (.KLSE) bucks regional trend, drifts lower Bursa Malaysia bucked the regional trend to finish in negative territory today amid an overall cautious market, in contrast to the regional markets. At 5pm, the benchmark FBM KLCI closed 4.13 points, or 0.26% to 1,580.60 points. The index opened 0.26 point higher at 1,584.99 […]
FTSE Bursa Malaysia KLCI (.KLSE) index set to recover this year Bursa Malaysia FBM KLCI index has high potential to recover this year backed by strong gross domestic product outlook and better corporate earnings. Kenanga Investors Bhd’s chief investment officer Lee Sook Yee said continuous reform and divestment of non-core investment in government-linked companies (GLCs) […]
Bargain hunting lifts FTSE Bursa Malaysia KLCI (.KLSE) higher at close Bursa Malaysia reversed yesterday’s losses to finish higher today driven by bargain hunting in value stocks, particularly blue chips banking counters, following easing tensions between the United States and Iran. At the closing bell, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) went up […]
FTSE Bursa Malaysia KLCI (.KLSE) ends lower in line with global markets on rising geopolitical tensions Bursa Malaysia ended lower today in line with global markets following rising tensions in the Middle East between Washington and Tehran. At the close, the FTSE Bursa Malaysia KLCI (FBM KLCI) was down 1.36 per cent or 21.94 points […]
$DIA $SPY $QQQ, $RUTX, $VXX, $SOY, $CORN, $XAU, $CU, $USO This is our 1st What to Watch in the commodities sector, it is an overview of what to expect. The picture mixed, complex picture that emerges. The list covers oil, gold, copper, iron ore, pork and more. The year’s 1st full week of trading could […]
FTSE Bursa Malaysia KLCI (.KLSE) below 1,600 while oil, gold rally The FBM KLCI pared some of its loss at the midday break today, but overall market sentiment stayed negative in line with the regional downtrend following the fresh Middle East tensions. At 12.30pm, the FBM KLCI fell 15.19 points to 1,596.19. The index had […]
FTSE Bursa Malaysia KLCI (.KLSE) off 2020 on a positive note Bursa Malaysia kick-started the New Year on a positive note, as bargain hunters emerged on beaten-down stocks, said a dealer. At 10.30 a.m. today, there were 407 gainers, 213 losers and 324 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,596.05, […]
$MSCI, $DAX, $FTSE, $SPY Asian shares kicked off Y 2020 on a strong note Thursday, driven by Chinese markets after Beijing eased monetary policy to support its slowing economy. Investors cheered news that the United States and China will sign a trade pact on 15 January after months of negotiations between the world’s 2 largest […]
Singapore: STI Index (.STI) recovery in doubt after shock manufacturing fall Singapore’s factories produced far less than expected in November, underlining the tentativeness of the recovery in the global electronics industry and the continuing fallout from the trade war that has hit export-dependent economies. The setback, after two months’ of fairly positive data, raises fresh […]
FTSE Bursa Malaysia KLCI (.KLSE) pares gains in muted post-Christmas trade The FBM KLCI pared some of its gains at mid-morning today, tracking the quieter regional markets in post-Christmas trade. At 10am, the FBM KLCI was up 0.34 points to 1,604.57. The index had earlier risen to a high of 1,607.12. Gainers led losers by […]
FTSE Bursa Malaysia KLCI (.KLSE) higher on Bandar Malaysia revival Bursa Malaysia closed at its intraday high today, riding a wave of optimism on the revival of the Bandar Malaysia project, analyst said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.48 per cent or 7.60 points to 1,576.95 compared with Monday’s close […]
FTSE Bursa Malaysia KLCI (.KLSE) pares gains, poised to erase loss on window dressing The FBM KLCI pared some of its loss at the midday break today on some minor window dressing activities, against the backdrop of firmer regional markets. At 12.30pm, the FBM KLCI was down 0.55 points to 1,570.61. The index had earlier […]
FTSE Bursa Malaysia KLCI (.KLSE) May Add To Its Winnings The Malaysia stock market on Wednesday snapped the two-day slide in which it had fallen almost 7 points or 0.4 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,565-point plateau and it’s looking at another green light again on Thursday. The global […]
FTSE Bursa Malaysia KLCI (.KLSE) Sentiment turns sour one week ahead of US tariffs deadline The local equities market turned to consolidation on Monday as a positive US jobs data report over the weekend failed to inspire optimism in the global economy as the deadline for fresh US tariffs on Chinese imports loomed. Washington and […]
FTSE Bursa Malaysia KLCI (.KLSE) to trade in cautious mode this week Bursa Malaysia is likely to continue trading in cautious mode next week as market sentiment will be influenced by the ongoing negotiations in the US-China trade deal. MIDF Research head of research Mohd Redza Abdul Rahman said the key FTSE Bursa Malaysia KLCI […]
FTSE Bursa Malaysia KLCI (.KLSE) ends on a slightly positive note amid mixed signals The FBM KLCI maintained its lead at Thursday’s close as investor ushered back into equities on reassurances that the US-China trade deal remained on track, although gains were capped by mixed signals. At 5pm, the local index had retraced 2.65 points […]
The worst may be over for the world economy’s slowdown. A wave of interest-rate cuts by central banks including the Fed and mounting expectations of a US-China trade deal are buoying confidence in financial markets just as Key economic indicators show signs of stabilization after recent declines. While a robust rebound may not be here […]
FLASH: Gold Lower, USD Up, Crude Oil Up, Stocks Off Headlines Crude Oil gains more than 1% on Saudi supply doubt China, Hong Kong stocks fall on US-China trade deal uncertainty Gold prices edge lower, as Palladium marks record high Gold: Gold prices lowed Monday, as equities gained after the US Trade Representative described last week’s US-China […]
Asia is diverse and complementary, and Asia-for-Asia industrial supply-chain networks are emerging. Asia is a highly diverse region, there is no single Asia but many. We identified 4 distinct groups of economies based on scale, economic development, interactions with one another, and connectedness to the world. Each of these “4 Asia’s” has characteristics that complement […]
Malaysia’s ex-prime minister Najib Razak played a pivotal role in plundering the state’s 1MDB fund and channelled hundreds of millions of dollars into his own bank account, a prosecutor said Wednesday at the opening of his most significant graft trial. Claims that Najib and his cronies pilfered massive sums from the fund and spent it […]
Malaysian ex-leader Najib Razak’s most significant 1MDB trial begins Wednesday, centring on allegations that hundreds of millions of dollars linked to the state fund ended up in his bank account. Claims that Najib and his cronies pilfered massive sums from the fund and spent it on everything from real estate to artwork contributed to the […]
FTSE Bursa Malaysia KLCI (.KLSE) Investors awaited further market direction amid global uncertainty Bursa Malaysia wrapped up the day mixed after a range-bound trading day, as investors awaited further market direction amid global uncertainty. The benchmark FTSE Bursa Malaysia (FBM KLCI) ended 2.77 points lower at 1,596.45, after trading between 1,594.84 and 1,602.03 throughout the […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Dips, USD Up, Crude Oil Up, Stocks Up Headlines Asia stocks advance as China’s rate adjustment improves investor mood Crude Oil prices climb after Saudi oilfield attack Gold prices dip on firmer USD and equities Gold: Gold prices dipped Monday on a stronger USD, and a recovery in […]
FTSE Bursa Malaysia KLCI (.KLSE) returns to red as global uncertainty intensifies Intensifying global uncertainties and slowdown in major economies dragged Bursa Malaysia into the red at the opening today. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 16.14 points to 1,584.17, below the psychological support level of 1,590 from yesterday’s close […]
FTSE Bursa Malaysia KLCI (.KLSE) falls below critical 1,600 level as global markets roil The FTSE Bursa Malaysia KLCI (FBM KLCI), Malaysia’s gauge of the 30 largest stocks, closed below the critical 1,600 level yesterday as global markets roiled amid ongoing protests in Hong Kong, fears of a protruded US-China trade war and a crash […]
FTSE Bursa Malaysia KLCI (.KLSE) remains in the red Bursa Malaysia remained in the red across board at mid-morning due to continuous sell-offs, mainly involving banking stocks. At 11.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 18.60 points to 1,596.45 from Friday’s close close of 1,615.05. The benchmark index opened 0.20 points easier at […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Flat, Crude Oil Up, Stocks Up Headlines Crude Oil edges up on expectations of more OPEC output cuts Gains for Asian shares capped by trade issues, China stocks fall .DXY flat to little changed Vs its 6 peers Gold sees best week in over 3 […]
FTSE Bursa Malaysia KLCI (.KLSE) ends broadly higher, CI up 0.71pc Bursa Malaysia ended broadly higher in line with regional peers and amid an announcement of better-than-expected Chinese trade data for July. At close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 0.71 per cent or 11.32 points to end at 1,616.02 from yesterday’s […]
FTSE Bursa Malaysia KLCI (.KLSE) slumps led by Genting stocks as trade war concerns linger The FBM KLCI closed 7.09 points or 0.44% lower today dragged mainly by Genting Malaysia Bhd and Genting Bhd’s substantial share price drop and as investors took profit against lingering US-China trade war concerns. At 5pm, the KLCI closed at […]
Maxis Berhad (6012.KL) 2Q19 net profit down 16.9% on lower service revenue TMAXIS Bhd identified weaker service revenue in the absence of network sharing agreement, and lower prepaid and postpaid revenue saw its net profit fall 16.9% to RM397 million in the second quarter ended June 30, 2019 (2Q19), from RM478 million reported in 2Q18. […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Mixed, USD Steady, Crude Oil Up, Stocks Lower Headlines President Trump’s new tariffs may set stage for more Fed rate cuts President Trump says it is up to China to deal with Hong Kong’s riots Crude Oil prices regain ground after overnight dive Gold will see a […]
FTSE Bursa Malaysia KLCI (.KLSE) Investors are concerned about the health of the global economy BANKING stocks fell the most in nearly three months yesterday, dragging the FTSE Bursa Malaysia KLCI (FBM KLCI) lower for the third consecutive day as a weaker lending outlook and external economic figures hit investor sentiment. The Kuala Lumpur Financial […]
FTSE Bursa Malaysia KLCI (.KLSE) ends lower on cautious sentiment Shares on Bursa Malaysia extended the earlier downtrend to close lower today as investors’ risk appetite was weighed down by cautious market sentiment, dealers said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 5.27 points to 1,642.69 from Friday’s close of 1,647.96. The […]
FTSE Bursa Malaysia KLCI (.KLSE) ends in the red on PChem, PetGas losses but GentingM shines Foreign funds stepped up selling pressure on Petronas Chemical and Petronas Gas again on Wednesday sending the key FBM KLCI into the red but Genting and Genting Malaysia closed higher. At 5pm, the KLCI was down 3.26 points or […]
GENTING (GENT:KL), Petronas stocks give KLCI early boost Fund buying of Genting Malaysia and Petronas-linked stocks gave the FBM KLCI an early lift on Wednesday, as investors took their cue from the firmer key Asian markets and jump in crude oil prices. At 9.06am, the KLCI was up 2.55 points or 0.15% to 1,658.22. Turnover […]
FTSE Bursa Malaysia KLCI (.KLSE) ends morning session on positive note Bursa Malaysia ended the morning session on a positive note and on expectations of an interest rates cut by the European Central Bank (ECB) and the US Federal Reserve. The US Federal Open Market Committee has scheduled a two-day meeting on July 30-31, while […]
FTSE Bursa Malaysia KLCI (.KLSE) slips on Fed rate cut anxieties The FBM KLCI started the week on a negative note as global equities stumbled on expectations of a lower policy rate cut by the US Federal Reserve. Equities had received a boost last Friday as New York Fed president John Williams made comments taken […]
MULPHA (MITC:KL) sells Cairns hotel for A$65mil Mulpha International Bhd is selling a 4-star hotel in Cairns for A$65mil (RM187.9mil). The company, in a filing with Bursa Malaysia today, said its units in Australia have entered into a property and business asset sale agreement with JY Cairns Esplanade Hotel Pty Ltd on July 16 for […]
Broad selling across FTSE Bursa Malaysia (.KLSE), KLCI down 11 points Bursa Malaysia joined its regional peers in negative territory on Wednesday with selling pressure seen across the board. Dealers said market sentiment was curbed by U.S. President Donald Trump’s comments on trade. Investors continued to fret over slowing growth and the impact of the […]
AirAsia Berhad (5099:KL) Teleport co-invests in EasyParcel Teleport, the rebranded cargo and logistics platform of Airasia Group Bhd has co-invested equally with Gobi Partners, a venture capital firm of around RM43.8mil (US$10.6mil) in EasyParcel, a regional e-commerce and parcel delivery player, to scale online parcel delivery services. Teleport is a wholly owned subsidiary of AirAsia Group, […]
FTSE Bursa Malaysia KLCI (.KLSE) recoups earlier losses to end marginally higher Bursa Malaysia recouped earlier losses to close marginally higher today, backed by improved buying sentiment in both Shariah and conventional mid-sized capitalisation stocks. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 0.29 of-a-point higher at 1,679.26 compared with yesterday’s close of […]
FTSE Bursa Malaysia KLCI (.KLSE) ends lower on selling momentum Bursa Malaysia closed in the red today, influenced by selling in the industrial products and services, as well as consumer products and services sectors. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 3.9 points easier at 1,678.97 compared with Tuesday’s close of 1,682.87. […]
Petronas suspends Barakah Offshore Petroleum Berhad (7251:KL) unit’s licence for three years Petroliam Nasional Bhd has suspended its licence issued to Barakah Offshore Petroleum Bhd’s unit over the non-performance of a contract. In a statement to Bursa Malaysia on Tuesday, Bakarah said its unit PBJV Group Sdn Bhd (PBJV) received a notification of suspension of the […]
IJM Corporation Berhad (3336:KL) says its RM1.12bil LRT 3 underground contract terminated. The company, in a filing with Bursa Malaysia today, said its wholly owned subsidiary, IJM Construction Sdn Bhd (IJMC), had received the notice of termination from MRCB George Kent Sdn Bhd on July 8. IJMC had been awarded the contract on March 13, […]
FTSE Bursa Malaysia KLCI (.KLSE) opens in the negative, tracking Wall Street’s Friday showing Bursa Malaysia opened lower today, tracking Wall Street’s subdued closing last Friday. Market breadth was negative with 124 decliners outpacing 108 gainers, while 193 counters unchanged, 1,422 untraded and 20 others suspended. Turnover stood at 127.58 million units worth RM46.71 million. […]
KNM (KNMP:KL) bags RM36mil job in Egypt KNM Group Bhd said an indirect wholly-owned subsidiary FBM Hudson Italiana SpA has secured a RM36.14mil contract in Egypt. The contract, awarded by Technip Italy SpA, was for the design, detailed engineering and fabrication of air cooler heat exchangers at the Middle East Oil Refinery in Alexandria. KNM […]
KENANGA (KNNK:KL) sees opportunity to pick up consumer stocks in 3Q Kenanga research said the forecast weakness in retailers’ performance in 3Q due to an absence of festivities is an opportunity to position for a better 4Q and beyond. “Retailers usually fare the worst in 3Q19 due to the absence of festivities that typically spur […]
AirAsia Berhad (5099:KL) can resurrect ‘dying’ Malaysia Airlines Low-cost airline giant AirAsia Group Bhd is seen as a successful airline operator with the capability to save national carrier Malaysia Airlines Bhd (MAB) from “dying”, says Shayne Heffernan, CEO and Founder of Heffx. He pointed out that AirAsia already has one element that is similar to […]
Sime Darby Berhad (SIPL:KL) units sell stake in Indonesian firm for RM123.1m Sime Darby Plantation Bhd’s two indirect units have disposed of their entire equity interest in PT Mitra Austral Sejahtera to PT Inti Nusa Sejahtera for RM123.1 million. The two units are PT Ladangrumpun Suburabadi and PT Teguh Sempurna. In a filing to Bursa Malaysia, the group […]
TRC SYNERGY BHD (TRCG:KL) sees flat revenue growth in FY19 on fewer jobs Construction company TRC Synergy Bhd expects to post flat revenue growth in the current financial year ending Dec 31, 2019 (FY19) on fewer construction jobs. Executive director Datuk Abdulaziz Mohamad said the group has set a lower tender book replenishment target of RM2 […]
TELEKOM MALAYSIA BHD (TLMM:KL) extends gains, climbs as high as 4.2% Investors’ appetite for Telekom Malaysia Bhd (TM) appears to be increasing, as the stock was climbing again to an intraday high of RM4.22 earlier today, or 4.2% higher than its closing price of RM4.05 yesterday. As at 3.29pm, the counter, which was the sixth […]
TENAGA NASIONAL BHD (TENA:KL) names Shahazwan Harris to lead IAG Tenaga Nasional Bhd (TNB) has appointed Shahazwan Harris as its chief international officer, tasked with leading its new division International Asset Group (IAG) effective July 1, 2019. TNB CEO and president Amir Hamzah Azizan said Shahazwan has been involved in various sectors, which will place […]
PETRONAS GAS BHD (PGAS:KL) will not be affected with Moody’s downgrade Prime Minister Tun Dr Mahathir Mohamad (picture) said that Moody’s Investors Service Inc recent downgrade of Petroliam Nasional Bhd’s credit rating may be inaccurate but believed change would not impact the state-owned energy company. “That is Moody’s assessment, but they are not necessarily right. Sometimes some […]
TOP GLOVE CORPORATION BHD (TPGC:KL) shares up on company’s capacity expansion news Shares of Top Glove Corporation were higher on news the biggest nitrile glove producer is expanding capacity to produce between 25 billion and 30 billion gloves annually. In a note today, Shayne Heffernan, CEO and Founder of Heffx said Top Glove was its favourite stock. “We continue to […]
MALAYSIA AIRPORTS HOLDINGS BHD (MAHB:KL) launches Malaysia’s inaugural observation deck at KLIA Malaysia Airports Holdings Bhd (MAHB) today launched the country’s first outdoor aircraft observing deck (Anjung Spotter) at the Kuala Lumpur International Airport (KLIA). The deck is located at Jalan Pekeliling next to Runway 32 Left (32L) which MAHB said well-positioned to be the […]
FTSE Bursa Malaysia KLCI (.KLSE) Rebounding After months of scrimping on public spending, the Pakatan Harapan (PH) government is showing signs of easing its purse strings and reviving large state projects as investors return to Malaysia. Bloomberg reported today that foreign investors have been coming back, adding that the turnaround would be a boost to […]
FTSE Bursa Malaysia KLCI (.KLSE) gains ground on improved sentiment The FBM KLCI continues to gain ground Monday as market sentiments were boosted by the US-Mexico deal to avert a tariff war and optimism for a rate cut by the US Federal Reserve. At closing, the benchmark index rose 6.14 points, or 0.37% to 1,655.47. […]
DRB-HICOM BHD (DRBM:KL) gets lift from Proton Because of the surge in tax bill to RM230.67 million, DRB-Hicom Bhd’s annual net profit came in substantially lower at RM122.87 million for the financial year ended March 31, 2019 (FY19) versus RM91.58 million in the preceding year. However, for the fourth quarter ended March 31, 2019 (4QFY19), […]
FTSE Bursa Malaysia KLCI (.KLSE) opens lower on global trade concerns Bursa Malaysia was easier in early trade, reversing yesterday’s gains due to weak sentiment brought on by concerns over global trade growth and as tensions between economic powerhouses, the United States and China continues to escalate. At 9.40am, the key FBM KLCI eased 3.08 […]
The Top 10 Hotels in Kuala Lumpur The best luxury hotels in Kuala Lumpur are ideal accommodation options for the most sophisticated of guests, boasting gleaming interiors, exquisite guestrooms, personalised service and an extensive range of quality amenities such as swimming pools, fully-equipped fitness centres, and award-winning restaurants. A multicultural city with a unique history, […]
Global-strategy adviser Parag Khanna describes the ways that the world economy is increasingly Asia-centric and will be moving even more swiftly in that direction. Here’s why More than 50% of the world’s population lives in Asia, where economies are growing quickly and becoming increasingly interconnected in culture, business, and trade. In this piece Parag Khanna, […]
TELEKOM MALAYSIA BHD (TLMM:KL) Appointment of TM chairman and CEO decided by PM Appointment to the posts of Telekom Malaysia Bhd (TM) chairman and CEO is only made on the instruction of the prime minister and there has been no such order so far, said Finance Minister Lim Guan Eng. Lim said the finance ministry […]
SIME DARBY PLANTATION BERHAD (5285:KL) pretax profit plunges on lower CPO prices Sime Darby Plantation experienced a 64% decline in pretax profit to RM125 million for the first quarter of its 2019 financial year. The sharp fall in profitability was attributable to lower average crude palm oil (CPO) and palm kernel prices. CPO prices declined […]
THE ICONIC DATAI IS SITUATED WITHIN VIRGIN TROPICAL RAINFOREST OF LANGKAWI The hideaway The Datai Langkawi is situated on the northwest tip of the pristine island of Langkawi in Malaysia. Located in a 10-M years old rain-forest that teems with wildlife, and overlooking the tranquil Datai Bay that has been awarded by National Geographic 1 […]
Stronger Q4 ahead for PADINI HOLDINGS BHD (PDNI:KL) Padini Holdings Bhd is expected to post a stronger fourth quarter results fuelled by the Aidil Fitri festivities, Shayne Heffernan, CEO and Founder of Heffx said. Mr Heffernan said Padini’s result for the nine-month ended March 31 2019 was within expectation. “We continue to like Padini’s established […]
PETRONAS GAS BHD (PGAS:KL) signs deal to lease LNG storage unit to Vitol Petronas has signed a deal to lease a liquefied natural gas (LNG) storage unit in the country to commodity trader Vitol for at least two years, industry sources told Reuters. Under the agreement, Petronas will rent one of its two 200,000-cubic-metre LNG […]
The US Treasury has just added Sing., Malaysia and Vietnam to a watch-list for currency (money) manipulation, putting their Fx (foreign-exchange) policies under scrutiny. Sing. (Singapore) made the list because of its large current account surplus and net foreign currency purchases of at least $17-B in Y 2018, equivalent to 4.6% of GDP, according to […]
Axiata Group Berhad (6888:KL) denies selling Malaysian interests to Telenor in merger move Telecommunications firm Axiata Group Bhd dismissed claims that its merger with Norway-based Telenor ASA’s Asian operations is akin to selling Malaysian interests to a foreign company. One of Malaysia’s largest telecommunications companies, Axiata described its plan with Telenor as a “merger of […]
FTSE Bursa Malaysia KLCI (.KLSE) turns marginally lower The benchmark index FBM KLCI turned marginally lower at mid-afternoon today, bucking the regional trend, with improving Asian stocks, a dealer said. At 3pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.24 of-a-point to 1,598.08. The benchmark index opened 6.12 points better at 1,604.44. Market breadth was negative, […]
FTSE Bursa Malaysia KLCI (.KLSE) tech stocks down after US blacklists Huawei Technology counters on Bursa Malaysia are feeling the heat following the escalation of trade tensions between the United States and China with restrictions imposed by the Trump-led administration against China’s telecommunication giant Huawei. Experts on the industry say it is time for caution […]
Another very tough day for FTSE Bursa Malaysia KLCI (.KLSE) Bursa Malaysia got off to a weak start on Thursday with the FBM KLCI falling more than 0.8% as Petronas-linked stocks and Public Bank lost ground. At 9.16am, the KLCI was down 13.63 points or 0.85% to 1,590.11. Turnover was 270.72 million shares valued at […]
No job losses from Axiata Group Berhad (6888:KL) proposed merger with Telenor ASA Axiata Group Bhd president and group chief executive officer Tan Sri Jamaludin Ibrahim has reiterated that there would be no job cuts if the proposed merger with Norwegian mobile operator Telenor ASA were to materialise. He said the planned merger, which is […]
Westports Holdings Berhad (5246:KL) remains neutral on its near to medium-term prospect with an unchanged throughout growth assumption of 5% Kenanga research has maintained its market perform rating on Westports Holdings Bhd with an unchanged target price of RM3.75. Following a meeting with Westports’ management, the research house said its remains neutral on its near […]
Tune Protect Group Berhad (5230:KL) has appointed William Foo as chief executive officer Tune Protect Group Bhd has appointed William Foo as chief executive officer of Tune Insurance Malaysia Bhd effective today. Foo has over 25 years of experience in the general insurance industry, and has been chief operating officer of QBE Insurance Malaysia. He is an associate […]
FTSE Bursa Malaysia KLCI (.KLSE) Expected to remain weak Bursa Malaysia is expected to remain weak this week as banking- related stocks are especially impacted, with the focus on the overnight policy rate (OPR) to be released by Bank Negara Malaysia (BNM). Shayne Heffernan, CEO and Founder of Heffx said the FBM KLCI would likely […]
AirAsia Group Berhad is a Malaysia-based investment holding company, which manages AirAsia Group operating in the airline industry. The Group is principally engaged in the operation of AirAsia, a low-cost airline with major business in Malaysia, Thailand, Indonesia, the Philippines, India and Japan, among others. The Company’s subsidiaries include AirAsia Investment Ltd and Koolred Sdn […]
Sapura Energy Berhad, formerly SapuraKencana Petroleum Berhad, is engaged in investment holding and the provision of management services to its subsidiaries. The Company’s segments include Engineering and Construction (E&C), Drilling, Energy and Corporate. Its E&C business segment is engaged in the installation of offshore platforms, marine pipelines and subsea services; engineering, procurement, construction and commissioning […]
IOI Properties Group Berhad is an investment holding company. The Company’s segments include Property development, which is engaged in the development of residential, commercial and industrial properties; Property investment, which invests in shopping mall, office complex and other properties; Leisure & hospitality, which is engaged in management and operation of hotels, resorts and golf course, […]
Malaysia Airports Holdings Berhad is an investment holding company. The Company operates through the segments, which include Malaysia Operations and Overseas Operations. Its Malaysia Operations segment includes duty free and non-dutiable goods, airport services, agriculture and horticulture, hotel, and project and repair maintenance services. Its Overseas Operations segment includes project and repair maintenance, and airport […]
UMW Holdings Berhad is a Malaysia-based investment holding company. The Company’s segments include the automotive segment, which is engaged in the import, assembly and marketing of passenger and commercial vehicles, and related spares; the equipment segment, which is involved in the trading and leasing of a range of light and heavy equipment, including related spares […]
Media Prima Berhad is Malaysia-based integrated media company. The Company is engaged in commercial television and radio broadcasting, media advertising, digital media, sale of program rights, provision of outdoor advertising space and related production works, content creation, talent management and publishing and sale of newspapers. Its segments include Television Networks, Radio Networks, Outdoor Media, Print […]
IHH Healthcare Berhad is an investment holding company. The Company operates through five segments: Parkway Pantai, which is a hospital operator and healthcare service provider in Asia; Acibadem Holdings, which is a hospital operator and healthcare service provider in Central Eastern Europe, the Middle East and North Africa (CEEMENA) and investment holding companies owning Acıbadem […]
AirAsia Group Berhad is a Malaysia-based investment holding company, which manages AirAsia Group operating in the airline industry. The Group is principally engaged in the operation of AirAsia, a low-cost airline with major business in Malaysia, Thailand, Indonesia, the Philippines, India and Japan, among others. The Company’s subsidiaries include AirAsia Investment Ltd and Koolred Sdn […]
SERBA DINAMIK HOLDINGS BERHAD (5279.KL) planning to raise a sukuk issuance worth US$200mil to US$250mil Serba Dinamik is planning to raise a sukuk issuance worth US$200mil to US$250mil (RM826mil to RM1bil) for a tenure of three years to refinance its existing foreign loans and international projects. Shayne Heffernan, CEO and Founder of Heffx is maintaining […]
VELESTO ENERGY BERHAD (5243:KL) earnings still volatile despite new Petronas contracts Shayne Heffernan, CEO and Founder of Heffx remains cautious on Velesto Energy Bhd’s (Velesto Energy) performance despite securing four fresh jack-up rig charters worth US$105 million (RM432 million), which have tenures of 1 year with 2 annual extension options, from Petronas Carigali. The contracts […]
TASEK CORPORATION BHD (TKCS:KL) surges 12.8% from Bandar Malaysia development The revival of the Bandar Malaysia project, which came as a surprise to the market, sparked a fresh round of buying interest in construction and building materials stocks on Bursa Malaysia today. The construction index saw a jump of 16.52 points or 8.15% to 219.2 […]
FTSE Bursa Malaysia KLCI (.KLSE) negative news flow dampening investor appetite Share prices continued their downward momentum on Bursa Malaysia this morning with trading remaining lacklustre. At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.48 points easier at 1,615.42, after opening 3.23 points weaker at 1,617.67. On the broader market, decliners outpaced gainers 200 to 112, […]
UEM EDGENTA BERHAD (FBMS:KL) higher today taking cue from US share gains The FBM KLCI finished 1.16 points or 0.07% higher today, taking cue from US share gains on Friday at Wall Street. At 5pm today, the KLCI settled at 1,631.33 after rising to its intraday high at 1,638.87. In the US on Friday, the […]
Heffx maintains ‘Hold’ call on PUBLIC BANK BHD (PUBM:KL) Heffx has maintained its ‘Hold’ rating on Public Bank Bhd, but with a lower Gordon Growth Model-based target price of RM24.40 (from RM26.50), based on 2.15 times 2019 price-to-book. In a research note last Friday, the research house said it is not amply attractive to warrant […]
MALAYAN BANKING BHD (MBBM.KL) remains committed to supporting borrowers MALAYAN Banking Bhd (Maybank) is projected to disburse some RM85 billion worth of mortgages as well as loans to small and medium enterprises (SMEs) over the next three years. Its group president and CEO Datuk Abdul Farid Alias said the banking industry remains committed to supporting […]
Maxis Berhad (6012.KL) Shayne Heffernan has a “hold” call and target price of RM5.15 on the stock At the 20 sen per share dividend Maxis Bhd has been paying out annually in the past four years, last Thursday’s closing price of RM5.36 would have delivered an implied yield of about 3.7%. The question here is […]
UMW Holdings Berhad is a Malaysia-based investment holding company. The Company’s segments include the automotive segment, which is engaged in the import, assembly and marketing of passenger and commercial vehicles, and related spares; the equipment segment, which is involved in the trading and leasing of a range of light and heavy equipment, including related spares […]
IOI Properties Group Berhad is an investment holding company. The Company’s segments include Property development, which is engaged in the development of residential, commercial and industrial properties; Property investment, which invests in shopping mall, office complex and other properties; Leisure & hospitality, which is engaged in management and operation of hotels, resorts and golf course, […]
Malaysia Airports Holdings Berhad is an investment holding company. The Company operates through the segments, which include Malaysia Operations and Overseas Operations. Its Malaysia Operations segment includes duty free and non-dutiable goods, airport services, agriculture and horticulture, hotel, and project and repair maintenance services. Its Overseas Operations segment includes project and repair maintenance, and airport […]
