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Axiata unit to sell 3,500 towers to Solusi Tunas in RM1.5bil deal

2 October 2014

PETALING JAYA: Axiata Group Bhd’s Indonesian unit, PT XL Axiata Tbk, has picked PT Solusi Tunas Pratama Tbk (STP) over 14 others to sell a portion of its towers in a deal worth US$460mil (RM1.5bil), or 5.6 trillion rupiah, cash.

Malaysia's Bonia unit acquires Vietnam company

2 October 2014

KUALA LUMPUR: CRG Inc Sdn Bhd, a subsidiary of Bonia Corp Bhd, has acquired CRG Viet Nam Co Ltd (CRGV) from FHG Co Ltd and Le Quang Dung Hanh.

RHB Research Neutral on O&G sector

1 October 2014

KUALA LUMPUR: RHB Research has downgraded the oil and gas (O&G) sector to Neutral from Overweight as the research house is turning more cautious on the implementation and execution risks of the stocks under its coverage, going forward.

RHB Research maintains Neutral on Petra Energy

1 October 2014

KUALA LUMPUR: RHB Research has maintained its Neutral call on Petra Energy with a fair value of RM3.02, it said in a note on Wednesday.

AmResearch maintains Buy on Sime Darby

1 October 2014

KUALA LUMPUR: AmResearch has maintained its Buy on Sime Darby with a fair value of RM11.20 a share, which is a 10% discount to its sum-of-parts value of RM12.45 a share.

CIMB Research surprised Sime Darby opted out of NBOL purchase

1 October 2014

KUALA LUMPUR: CIMB Equities Research expressed surprise over Sime Darby’s decision not to acquire Kulim's 48.7% stake in New Britain Palm Oil Ltd (NBPOL) after its exclusivity agreement with Kulim expired on Sept 28, 2014.

Trading ideas: SelProp, GBH, Sime Darby, Kulim, plantations

1 October 2014

KUALA LUMPUR: JF Apex Research expects Selangor Properties (SelProp), Goh Ban Huat, Sime Darby, Kulim and plantations to see trading interest on Wednesday following the fresh developments.

Public Mutual declares distributions for three funds

30 September 2014

KUALA LUMPUR: Public Bank’s unit Public Mutual has declared distributions for three of its funds, ranging from one sen to three sen, for the financial year ended Sept 30, 2014.

RHB Research maintains Buy on Gamuda

30 September 2014

KUALA LUMPUR: RHB Research has maintained its Buy call on Gamuda with a fair value of RM5.61, favouring the group for being the best proxy to the buoyant construction sector, given its dominant role in the largest public infrastructure project in Malaysia.

Gamuda core net profit at all-time high, says CIMB Research

30 September 2014

KUALA LUMPUR: Gamuda's core net profit for the financial year ended July 31, 2014 was 7% above CIMB Equities Research’s numbers and 10% above consensus, with core net profit at its all-time high.

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