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CIMB maintains Add on Wah Seong

19 December 2014

KUALA LUMPUR: CIMB Research has maintained its Add call on Wah Seong with a target price of RM2.65 and urged investors to accumulate the stock.

Affin Hwang Research maintains Add on Berjaya Sports Toto

19 December 2014

KUALA LUMPUR: Affin Hwang Research has maintained its Add call on Berjaya Sports Toto (BST) with a target price of RM4.10 a share but trimmed its FY15-17E earnings forecast by 6% as it lowered the earnings contributions from H.R.Owen by 3%.

British consumer confidence slides to nine-month low in December

19 December 2014

LONDON: British consumer morale edged down in December to reach its weakest level since March as optimism about the economy hit a 17-month low, a survey by polling company GfK showed on Friday.

Palm oil/Vegoils: Market factors to watch Dec 19 Friday

19 December 2014

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday.

Due diligence on 1MDB plant still ongoing

19 December 2014

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is still conducting its due diligence to decide whether it will take up a stake in 1Malaysia Development Bhd’s (1MDB) Jimah East coal-fired power plant.

Infrastructural investment key to Asean economies

19 December 2014

PETALING JAYA: Infrastructural investments are crucial to ensure continued growth for Asean economies.

MPHB Cap plans to sell 49% stake in MPIB to Generali Asia

19 December 2014

KUALA LUMPUR: MPHB Capital Bhd has proposed to dispose its 49% stake in Multi-Purpose Insurans Bhd (MPIB) to Generali Asia N.V. for RM355.8mil.

Destini appointed key industrial partner by Thales Asia

19 December 2014

KUALA LUMPUR: Destini Bhd has been appointed a key industrial partner (KIP) by Thales Asia Holding Pte Ltd (Thales Asia).

RAM downgrades rating on MRCB Southern Link sukuk

19 December 2014

KUALA LUMPUR: RAM Ratings has downgraded the respective ratings of MRCB Southern Link Bhd’s RM845mil senior sukuk and RM199mil junior sukuk to BB1 (from BBB3 previously) and B1 (from BB1).

Berjaya Toto cautiously optimistic about sales

19 December 2014

KUALA LUMPUR: Berjaya Sports Toto Bhd (BToto), which saw its net profit jump 20.6% to RM99.6mil in the second quarter ended Oct 31, is cautiously optimistic that it will perform satisfactorily for the remaining quarters of the current financial year ending April 30, 2015.

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