Business

All’s fine for now for Maybank, but market conditions may change

KUALA LUMPUR: After registering a sterling fourth-quarter performance, Malayan Banking Bhd (Maybank) expects its performance to sustain at least in the first quarter of this year. However, for the rest of the year, capital market conditions remained uncertain, said president and chief executive officer Datuk Abdul Farid Alias

Mustapa says the Government will include customised incentives to attract more foreign investors. – Bernama

Malaysia's approved investments at record RM236bil

KUALA LUMPUR: Approved investments climbed for the fourth consecutive year in 2014, rising to a new high of RM235.9bil compared with RM219.4bil recorded in 2013, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

Sime Darby Bhd president and group chief executive Tan Sri Mohd Bakke Salleh at Sime Darbys second quarter ended June 30, 2015 results announcement at Sime Darby Convention Centre, Kuala Lumpur on Feb 26.FAIHAN GHANI/The Star.

Sime defers listing of motor arm to H2 this year

KUALA LUMPUR: Sime Darby Bhd, which saw its net profit decline by 47% to RM437.4mil for the second quarter ended Dec 31, 2014, will defer the listing of its automotive arm to the second half of this year.

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Parkson's net pfofit soars on property, F&B

PETALING JAYA: Tan Sri William Cheng’s (pic) Parkson Holdings Bhd reported a net profit that leaped 332.29% to RM110.61mil on the back of a 3.54% jump in revenue to RM981.68mil for the second quarter to Dec 31, 2014. Earnings per share increased to 10.24 sen from 2.38 sen.

27 February 2015 | 12:00AM |

Stocks

Ringgit strengthens against US dollar

KUALA LUMPUR: The ringgit was higher compared to the US dollar in late trading today at slightly below the 3.600 level, as the greenback extended losses in most overseas markets, a currency trader said.

26 February 2015 | 6:29PM |

Bumi Armada TP reduced by CIMB Research

KUALA LUMPUR: CIMB Equities Research has lowered its target price for Bumi Armada from RM1.81 to RM1.50 as it reduces its FY15-16 EPS for lower revenue assumptions for the offshore vessels (OSV) and transport and installation (T&I) businesses.

27 February 2015 | 9:32AM |

Analyst Reports

Zafrul appointed CIMB chief exec x

KUALA LUMPUR: Tengku Datuk Zafrul Tengku Abdul Aziz has been appointed group chief executive and executive director of CIMB Group, effective today.

27 February 2015 | 12:00AM |

Banking

Genting posts 43% lower Q4 earnings of RM274mil

PETALING JAYA: Conglomerate Genting Bhd’s earnings for the fourth quarter ended Dec 31, 2014 came in 43% lower at RM273.84mil compared with a year earlier even though revenue increased 5% to RM4.62bil.

27 February 2015 | 12:00AM |

Stocks

Malaysian palm oil price ends higher on gains in crude oil

KUALA LUMPUR: Malaysian palm oil futures inched up on Thursday, tracking gains in crude markets, but uncertainty over global appetite for the vegetable oil and prospects of a faster-than-expected recovery in weather-hit yields kept prices rangebound.

27 February 2015 | 7:06AM |

Palm Oil

Bumi Armada TP reduced by CIMB Research

KUALA LUMPUR: CIMB Equities Research has lowered its target price for Bumi Armada from RM1.81 to RM1.50 as it reduces its FY15-16 EPS for lower revenue assumptions for the offshore vessels (OSV) and transport and installation (T&I) businesses.

27 February 2015 | 9:32AM |

Analyst Reports

UK consumer confidence holds at high level

LONDON: British consumer confidence held steady at a high level this month as low inflation and rising wages made Britons more confident about their finances, according to a poll published on Friday

27 February 2015 | 9:00AM |

Economy

Japanese stocks at new 15-year peak in early trade Friday

TOKYO: Japanese stocks crawled to a fresh 15-year peak on Friday after the dollar surged against the yen as upbeat U.S. data flipped expectations back in favor of an early interest rate hike by the Federal Reserve. The rest of Asian equity markets lagged Japan after a sharp pullback in oil prices dulled risk appetite and sent Wall Street lower overnight.

27 February 2015 | 8:51AM |

Stocks

Malaysian palm oil price ends higher on gains in crude oil

KUALA LUMPUR: Malaysian palm oil futures inched up on Thursday, tracking gains in crude markets, but uncertainty over global appetite for the vegetable oil and prospects of a faster-than-expected recovery in weather-hit yields kept prices rangebound.

27 February 2015 | 7:06AM |

Palm Oil

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