Business

FGV’s share price has slumped 58.5 and is trading at RM1.22.

Analysts positive on FGV’s Canada plant disposal

PETALING JAYA: Analysts have given the thumbs up to Felda Global Ventures Holdings Bhd’s (FGV) proposed disposal of its offseeds crushing and refining plant in Canada to Viterra Inc for RM608.2mil, stating that the sell-off is positive for the group since it is keen to raise funds for working capital and pay debts.

Prime asset: It is crucial for Northport (M) Bhd, the wholly-owned port subsidiary of NCB Holdings Bhd, to enhance the port business of MMC Corp Bhd should it decide to list the division.  See story on page 2

NCB’s gateway business gives it an edge

PETALING JAYA: Northport (M) Bhd, the wholly owned port subsidiary of NCB Holdings Bhd, is crucial in enhancing the port business of MMC Corp Bhd should it decide to list the division.

Changing trend: Malaysian packaging material producers are getting more orders lately because of the consistent quality of their packaging products.

Mixed fortunes for packaging material ops

While exporters gain from stronger dollar, domestic suppliers face weaker demand.

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KLCI surges 42 points in early trade

KUALA LUMPUR: The FBM KLCI surged 42 points in early trade on Tuesday toa high of 1,655, kicking off the new month of September on a very strong note despite the weaker overnight close on Wall Street.

1 September 2015 | 9:31AM |

Markets

icapital.biz Bhd managing director Tan Teng Boo at the press conference.

Investing during difficult times

PETALING JAYA: Amid a challenging socio-economic and political situation that Malaysia is now facing, icapital.biz Bhd will be holding its 2015 Investor Day.

31 August 2015 | 12:00AM |

Investing

Muhibbah gets revenue in US dollars from three airports

THE oil and gas sector on the KL stock market, dampened by low oil prices and a weak ringgit, may be shunned for the moment, but not Muhibbah Engineering Bhd: it is positioning itself as a beneficiary of the strong US dollar and one of the main sub-contractors for the massive Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor.

31 August 2015 | 12:00AM |

Analyst Reports

Market to remain volatile after Wall Street weakness

KUALA LUMPUR: BIMB Securities Research expect the Malaysian equities market to remain volatile with slight bias to down trend due to continuous selling by foreign investors and overnight retreat in global markets. It said on Tuesday it expects the FBM KLCI to hover between 1,600 and 1,610. Last Friday, the KLCI closed higher, adding 11.04 points or 0.69% to 1,612.74, lifted mainly by banking and telco stocks. Foreign funds were net buyers at RM210.7mil last Friday but for the week, they were net sellers at -RM816.3mil. Local institutions were net sellers on Friday at –RM173.4mil but for the week, they were net buyers at RM918.2mil. Local retailers were net sellers at –RM101.9Omil during the week. Overnight, Wall Street and Europe closed lower mainly due to falling commodity prices, continued worries about China's slowing economy and the uncertainty over the timing of a rate increase by the Fed. The DJIA and S&P500 fell 0.69% and 0.84% respectively to end at 16,528.03 and 1,972.18 respectively. In earlier trading, key regional indexes ended mixed with strong gains in Thailand, Indonesia, Taiwan and the Philippines while China and Japan closed negative as sentiment soured over soft domestic industrial output data.

1 September 2015 | 8:43AM |

Analyst Reports

Most emerging Asian currencies down

SINGAPORE: Most emerging Asian currencies slid on Monday and were set to post steep monthly losses as top U.S. Federal Reserve officials left the door open for an interest rate hike in September and Chinese stocks tumbled again.

31 August 2015 | 2:39PM |

Forex

Asian LNG price faces steep fall

SINGAPORE: Asian liquefied natural gas (LNG) prices could fall a further 25% in coming months as new supply, falling demand and weaker oil prices put it on par with iron ore and coal as the worst performing commodity of recent years.

1 September 2015 | 12:00AM |

LNG

KLCI surges 42 points in early trade

KUALA LUMPUR: The FBM KLCI surged 42 points in early trade on Tuesday toa high of 1,655, kicking off the new month of September on a very strong note despite the weaker overnight close on Wall Street.

1 September 2015 | 9:31AM |

Markets

Nerves on edge as Chinese authorities probe market mayhem

Beijing: The head of hedge fund manager Man Group Plc's China business has been taken into custody to help authorities in a probe into recent market volatility, Bloomberg reported on Monday, while separately a local financial reporter confessed on national TV to having spread false information that caused "panic and disorder".

1 September 2015 | 8:50AM |

Business

Market to remain volatile after Wall Street weakness

KUALA LUMPUR: BIMB Securities Research expect the Malaysian equities market to remain volatile with slight bias to down trend due to continuous selling by foreign investors and overnight retreat in global markets. It said on Tuesday it expects the FBM KLCI to hover between 1,600 and 1,610. Last Friday, the KLCI closed higher, adding 11.04 points or 0.69% to 1,612.74, lifted mainly by banking and telco stocks. Foreign funds were net buyers at RM210.7mil last Friday but for the week, they were net sellers at -RM816.3mil. Local institutions were net sellers on Friday at –RM173.4mil but for the week, they were net buyers at RM918.2mil. Local retailers were net sellers at –RM101.9Omil during the week. Overnight, Wall Street and Europe closed lower mainly due to falling commodity prices, continued worries about China's slowing economy and the uncertainty over the timing of a rate increase by the Fed. The DJIA and S&P500 fell 0.69% and 0.84% respectively to end at 16,528.03 and 1,972.18 respectively. In earlier trading, key regional indexes ended mixed with strong gains in Thailand, Indonesia, Taiwan and the Philippines while China and Japan closed negative as sentiment soured over soft domestic industrial output data.

1 September 2015 | 8:43AM |

Analyst Reports

Stocks fall on Fed concerns while US oil jumps

NEW YORK: World stock indexes fell on Monday as a Federal Reserve official's comments added to investor concerns the bank may start raising interest rates in September, while oil prices jumped more than 8 percent, extending their biggest price surge in 25 years.

1 September 2015 | 7:53AM |

Economy

Wall Street's worst month in 3 years ends on a sour note

NEW YORK: Wall Street ended lower on Monday and wrapped up its worst month since 2012 after comments from a senior Federal Reserve official heightened fears among investors of a potential U.S. interest hike in September.

1 September 2015 | 7:51AM |

Economy

Indonesia favouring China in railway bid

JAKARTA: Indonesia is leaning towards China over Japan in an aggressive bidding battle to build the South-East Asian nation's first high-speed railway, two government sources involved in making the decision said.

1 September 2015 | 12:00AM |

Indonesia

Asian LNG price faces steep fall

SINGAPORE: Asian liquefied natural gas (LNG) prices could fall a further 25% in coming months as new supply, falling demand and weaker oil prices put it on par with iron ore and coal as the worst performing commodity of recent years.

1 September 2015 | 12:00AM |

LNG

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