Business

Slowdown in sukuk issuance, yields come down

KUALA LUMPUR: The strong demand for Islamic debt papers by foreigners appears to be reaching a plateau. According to analysts, the demand for Islamic bond papers from foreign investors in the last one year has pushed up prices and subsequently the yields have come down.

Downbeat market sentiment in Malaysia seen to continue

PETALING JAYA: The weakening ringgit, Greece crisis as well as the ongoing 1Malaysia Development Bhd (1MDB) saga, will continue to weigh on market sentiment in the current quarter.

Malaysian banks enjoy lowest bad loans in years

KUALA LUMPUR: Malaysian banks have the lowest bad loans in at least 17 years. They shouldn’t get used to it. While the lenders’ non-performing ratios are at the lowest levels in data going back to 1998, they’ve begun ticking up and Standard & Poor’s reckons they will keep doing so.

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Tunku Mahkota Johor Tunku Ismail Ibni Sultan Ibrahim speaking during a press conference at Larkin Stadium on Jan 29, 2015.

Johor Crown Prince is TMC substantial shareholder

PETALING JAYA: Johor Crown Prince Tunku Ismail Sultan Ibrahim (pic) has emerged as a substantial shareholder in healthcare operator TMC Life Sciences Bhd, holding a 7.67% stake or 133 million shares.

8 July 2015 | 12:00AM |

Stocks

KLCI again seen nearing critical 1,700, AirAsia in focus

KUALA LUMPUR: Malaysia’s stock market came under continued selling pressure early Wednesday on foreign selling as the FBM KLCI was seen nearing the critical 1,700 support level while AirAsia and its affiliate AirAsia X were among the actively traded stocks.

8 July 2015 | 9:41AM |

Airlines

Fitch boost for Malaysia short-lived, ringgit hardest hit in Asia

PETALING JAYA: The simmering economic crisis in Greece and weakness in China continued to roil financial markets across the region, with the ringgit being the hardest hit among Asian currencies. Sentiment on the ringgit was further compounded by rising domestic political risk, lingering concerns about 1Malaysia Development Bhd’s massive debt problems and lower oil revenue.

7 July 2015 | 12:00AM |

Stocks

Investors look and react at the share index in Kuala Lumpur. FAIHAN GHANI/The Star

Malaysian market down on poor sentiments, foreigners continue to sell

PETALING JAYA: The stock market reacted negatively on the back of heightened political risk and the weakening ringgit, falling by nearly 1%. The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) closed 17.19 points lower at 1,717.05 points while the ringgit was sold down further, hitting a 16-year low of RM3.81 to the US dollar.

7 July 2015 | 12:00AM |

market

Tenaga, IJM, DiGi, QL Resources top buys

KUALA LUMPUR: Amid the volatile equities markets, BIMB Securities Research believes that despite difficulties to bottomfish, its top buys are power giant Tenaga Nasional, IJM Corp, DiGi and QL Resources.

7 July 2015 | 2:28PM |

Analyst Reports

Lend Lease brushes aside concerns over its JV with 1MDB - report

KUALA LUMPUR: Australia-listed property developer Lend Lease, which in March formed a joint venture with 1Malaysia Development Bhd (1MDB) to develop a A$2.8bil (RM8bil) project at the Tun Razak Exchange (TRX), has dismissed concerns over the project’s future, according to a report.

7 July 2015 | 11:42PM |

Property

MIDF Research stays positive on semicon sector

KUALA LUMPUR: MIDF Equities Research expects demand for communication devices to continue to be supported by the middle-class consumers seeking to stay connected and to be at the forefront of the latest cutting edge technological product offering.

8 July 2015 | 9:57AM |

Analyst Reports

KLCI again seen nearing critical 1,700, AirAsia in focus

KUALA LUMPUR: Malaysia’s stock market came under continued selling pressure early Wednesday on foreign selling as the FBM KLCI was seen nearing the critical 1,700 support level while AirAsia and its affiliate AirAsia X were among the actively traded stocks.

8 July 2015 | 9:41AM |

Airlines

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