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Bonia records higher Q1 revenue, earnings down on operating costs

27 November 2014

KUALA LUMPUR: Underpinned by better sales from the Braun Buffel brand and export sales to Vietnam and Indonesia, Bonia Corp Bhd’s revenue for the first quarter ended Sept 30 rose 1.5% to RM170.88mil from a year earlier.

Magnum Q3 Q3 earnings down nearly 30% to RM45m

27 November 2014

KUALA LUMPUR: Number forecast operator Magnum Bhd’s earnings fell 29.8% to RM45.42mil in the third quarter ended Sept 30, 2014 from RM64.77mil a year ago due to losses incurred by its investment holdings segment, mainly attributed to fair value losses of quoted investments.

Perak Corp 3Q earnings up 300% to RM24m

27 November 2014

KUALA LUMPUR: Perak Corporation Bhd’s earnings jumped 300% to RM24.20mil in the third quarter ended Sept 30, 2014 from RM7.87mil a year ago, boosted by land sales under its township development.

Tenaga, Maybank, DiGi weigh on KLCI

27 November 2014

KUALA LUMPUR: Fund selling of Tenaga, Maybank and DiGi dragged the FBM KLCI into the red at the close of Thursday’s trade, snapping a three-day rally following disappointing corporate earnings and weak oil price.

Moody’s sees Telekom Malaysia to retain single digit earnings growth

27 November 2014

KUALA LUMPUR: Moody's Investors Service expects Telekom Malaysia Bhd to maintain low-to-mid single-digit earnings growth over the next two years.

MK Land plans RM2.2b new launches

27 November 2014

PETALING JAYA: MK Land Holdings Bhd plans new launches worth RM2.2bil over the next two years in Damansara Perdana, Damansara Damai and Ipoh.

NCB rebounds on MMC move to buy stake at RM3 each

27 November 2014

KUALA LUMPUR: NCB Holdings Bhd’s share price rebounded to a high of RM2.65 on Thursday on news that MMC Corp is buying MISC Bhd’s 15.73% stake in the port operator at RM3 each.

FGV’s Q3 revenue up 34% to RM4.32b

27 November 2014

KUALA LUMPUR: Driven by the consolidation of Felda Holdings Bhd (FHB) and Pontian United Plantations Bhd (PUP), Felda Global Ventures Holdings Bhd’s (FGV) revenue jumped 34% to RM4.32bil for the third quarter ended Sept 30 compared to a year earlier.

MMC Corp buying MISC’s stake in NCB Holdings for RM3 a share

27 November 2014

KUALA LUMPUR: MMC Corporation Bhd is buying MISC Bhd’s 15.73% stake in port operator NCB Holdings Bhd for RM221.9mil.

China’s Alibaba plans to invest more in India

27 November 2014

E-commerce giant Alibaba’s founder Jack Ma promised to invest more in India where online sales are soaring, predicting that the Internet will transform the country’s future.

Sapura Resources Q3 earnings boosted by Impian Bebas stake

27 November 2014

KUALA LUMPUR: Sapura Resources Bhd posted earnings of RM16.42mil in the third quarter ended Sept 30, 2014 from RM1.56mil a year ago, boosted by gains from its stake in Impian Bebas Sdn Bhd.

KLCI snaps 3 day rally on weak earnings, fall in oil

27 November 2014

KUALA LUMPUR: The FBM KLCI snapped its three-day rally, ending Thursday’s morning session down nearly 10 points on profit taking, weaker corporate earnings and the extended decline in crude oil prices.

Singapore central bank may do more to contain household debt

27 November 2014

SINGAPORE: Some highly leveraged households in Singapore may be vulnerable if interest rates rise or the economy slows, its central bank said on Thursday, adding that it will take more steps if needed to keep household debt at manageable levels.

Australia proposes tougher rules on foreign home buyers

27 November 2014

SYDNEY: Australia could tighten rules on foreign purchases of housing, including tough new penalties for avoidance, under proposals by a government-backed inquiry on Thursday.

Asia shares edge higher, oil tumbles to 4 year low

27 November 2014

TOKYO: Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by OPEC faded.

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