Daniel Khoo

Recent and archived articles by Daniel Khoo

13 Jun 2018 | 7:00 AM

Shares in two firms fall in Battersea shocker

PETALING JAYA: Confidence in two listed property developers was shaken after a statement by PKR leader Datuk Seri Anwar Ibrahim to investigate the United Kingdom’s Battersea Power Station project took investors by surprise.

Anwar said in an interview with UK-based The Guardian that the Pakatan Harapan government would have to relook and renegotiate the Battersea deal if there were any elements of wrongdoing because it involved Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF). (Pic shows Trains passing near construction work taking place around Battersea Power Station in London, Britain, May 22, 2018 . REUTERS)
12 Jun 2018 | 7:00 AM

Apple’s move to cut orders may impact chip companies in Malaysia

PETALING JAYA: There could be a one-off earnings decline effect in Malaysian semiconductor earnings this year due to a plan by Apple Inc to reduce orders by up to 20% in the second half of the year.

MMS Ventures Bhd’s (filepic) chief executive officer Sia Teik Keat told StarBiz that this development of Apple ordering 20% less is not a surprise to those who follow the industry closely.
31 May 2018 | 7:00 AM

Astro shares continue on downtrend

PETALING JAYA: Astro Malaysia Holdings Bhd continued to extend its losses in yesterday’s trade and closed 11 sen lower at its historical low of RM1.36.

Observers and analysts said Astro would also be impacted by the new government’s decision to show 41 out of the 64 matches of the FIFA World Cup for free on Radio Televisyen Malaysia (RTM).
17 May 2018 | 7:00 AM

Mixed views on outlook of market

Foreigners have been selling since the GE

5 May 2018 | 7:00 AM

Better prepared for stronger ringgit

MMS Ventures Bhd (MMSV) will be able to withstand the effects of a strengthening ringgit more than other technology stocks.

Record year: A worker at the MMSV Bayan Lepas plant checking out test equipment for the automotive and semiconductor industries. It was a record year for MMSV in the FY17 when it more than doubled its revenue to RM75.57mil from RM35.58mil in the previous year.
4 May 2018 | 7:00 AM

Corporate Services CEO: Firms without good corporate governance face high risks

PETALING JAYA: Companies without a good corporate governance structure usually face higher inherent risks, said Boardroom Corporate Services (KL) Sdn Bhd CEO Samantha Tai.

“Corporate governance is increasingly valued by investors nowadays because companies without good corporate governance will tend to have very high risks. This is because there is no proper check and balance,” Tai told StarBiz at the Star Empowerment seminar yesterday.
3 May 2018 | 7:00 AM

PetChem aims to sustain production output this year

KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) aims to sustain its financial year 2017 (FY17) level of production, but will not commit to saying if this can be translated into another record year financially.

“I cannot guarantee to achieve another year of record financial performance. But we will sustain the level of production (output) utilisation of more than 90% in our plants. This is the challenge for us at the moment to maintain it at least at the same production level as last year,” said chairman Datuk Md Arif Mahmood(filepic) at a press conference after its AGM yesterday.
28 Apr 2018 | 7:00 AM

Tech stocks take a beating

THE odds do not seem to favour technology-based stocks overall at present, with market leaders such as Apple Inc tanking to a near-2½-month low.

27 Apr 2018 | 7:00 AM

Malaysia needs to move up value chain in shared services

PETALING JAYA: There is a need for the country to move up the value chain in the shared services industry so that it would not lose its competitive advantage, said Agos Asia Sdn Bhd chief executive officer Joon Leng Teoh (pic).

AGOS founder and CEO Joon Teoh at the Star Finance Transformation and Shared Services Conference at Eastin Hotel in Petaling Jaya. AZMAN GHANI / The Star
26 Apr 2018 | 7:00 AM

CFOs coping with more tasks nowadays, conference told

PETALING JAYA: The role of the chief financial officer (CFO) has evolved, with more companies looking to cut cost and CFOs having to do more compared to before, said Mabel Lau (pic), Standard Chartered’s country finance division CFO.

“The scope of what falls under the CFO has gone very much wider. Some functions outside finance are also now reporting to CFOs due to synergies and partly due to the absence of the chief operating officer’s role in some organisations. So, the mandate has actually gone wider,” Lau(pic) told StarBiz at the Finance Transformation & Shared Services Conference, which is organised by Star Media Group Bhd.