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KUALA LUMPUR: RHB research has upgraded MISC Bhd to a buy rating with a higher target price of RM9.21 following the release of 9M19 earnings that came within estimates.
KUALA LUMPUR: RHB Research has upgraded SP Setia to Buy from Neutral with a new target price pf RM1.68. Its last traded price was RM1.35.
NEW YORK: The We Company, owner of WeWork, said on Wednesday net losses in the third quarter widened to $1.25 billion from $497 million a year earlier as its money-losing shared-office business doubled in size with a record number of desks added to its network.
NEW YORK: The Dow Jones Industrial Average and the S&P 500 posted record closing highs on Wednesday helped by a big jump in Walt Disney shares, but the Nasdaq fell as stocks were kept in check by fresh uncertainty over U.S.-China trade relations.
KUALA LUMPUR: The country’s largest oil and gas (O&G) services provider by market value believes that the time is right to expand its upstream operations through new asset acquisitions.
HONG KONG: Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to US$13.4bil as soon as today, according to two sources with knowledge of the discussions.
PETALING JAYA: Green Packet Bhd’s unit, Green Packet (S) Pte Ltd, has entered into a definitive agreement with China Mobile Ltd’s unit, China Mobile Group Device Co Ltd, to jointly promote, sell and distribute each other’s products and services.
KUALA LUMPUR: Tan Sri Tony Fernandes has stepped down as Tune Protect Group Bhd’s non-executive director due to the reorganisation of the AirAsia Group leadership team while Aireen Omar has been named non-executive director.
PETALING JAYA: Malaysia should be able to restore its category one safety rating soon by keeping communication lines open with regulators and industry, according to AirAsia X Bhd (AAX).
KUALA LUMPUR: AirAsia X Bhd, the long-haul budget airline, suffered a deeper loss in the third quarter on lower revenue.