Daniel Khoo

Recent and archived articles by Daniel Khoo

25 Apr 2018 | 7:00 AM

Oil prices at fresh highs

PETALING JAYA: Oil prices continued to climb to a near 3½-year high, crossing the US$75 per barrel mark on expectations of lower supply.

24 Apr 2018 | 7:00 AM

Khazanah buys stake in China’s Ping An Good Doctor

PETALING JAYA: Khazanah Nasional Bhd has emerged as one of the cornerstone investors in soon-to-be listed online healthcare platform Ping An Good Doctor, a unit of China’s biggest insurer by market value, reports say.

The move to buy into Good Doctor is also a part of Khazanah’s plan to grow its overseas contribution to its portfolio, as alluded to by its managing director Tan Sri Azman Mokhtar(pic) in January 2018.  Azman said in January at the World Economic Forum that the rate of return from its foreign investments are slightly higher in the teens compared to its investments locally in Malaysia.
23 Apr 2018 | 7:00 AM

HSS Engineers expects to grow its order book

PETALING JAYA: HSS Engineers Bhd is confident of growing its order book from the present record level of RM963mil.

HSS Engineers Bhd CEO and executive director Datuk Nitchiananthan Balasubramaniam.
20 Apr 2018 | 7:00 AM

IHH Healthcare tells more on bid for Fortis

PETALING JAYA: IHH Healthcare Bhd disclosed more information in its proposal to take over Fortis Healtcare Ltd of India. However, it will be among one of the many bidders that have submitted improved bids for the healthcare provider.

Defending itself: One of Fortis’ hospitals in India. Fortis has categorically denied a speculative news report that it is on the verge of bankruptcy
19 Apr 2018 | 12:50 PM

IHH plans to inject RM2.4bil in India’s Fortis takeover

PETALING JAYA: IHH Healthcare Bhd said it had on Wednesday issued a strictly non-binding letter to the board of Fortis Healthcare Ltd saying that it is ready to infuse up to INR4,000 crores (or RM2.36bil) into the latter company through a preferential allotment of equity shares.

17 Apr 2018 | 7:00 AM

IHH-Fortis merger can still happen

This is despite Fortis’ binding agreement with Manipal-TPG

IHH, South-East Asia’s largest hospital operator, yesterday announced that the proposed acquisition of Fortis, India’s second-largest healthcare provider, was off for now because Fortis was unable to engage with it.
14 Apr 2018 | 7:00 AM

IHH in battle for Fortis again

But concerns over Indian hospital operator’s legacy issues persist

Prized asset: A Fortis hospital in New Delhi. IHH is currently the top bidder for Fortis, offering as much as 160 rupees (RM9.51) per Fortis share, according to the latest news reports. — Reuters
13 Apr 2018 | 7:00 AM

Boustead Plantations to hive off ‘non-performing’ assets

PETALING JAYA: Boustead Plantations Bhd is looking to sell more of its land as it seeks to hive off “non performing assets.”

Lodin: Our focus at the present moment is to develop our land in the Klang Valley and Johor.
12 Apr 2018 | 2:01 PM

Boustead Plantations to dispose of non performing assets

Petaling Jaya: Boustead Plantations Bhd is looking to sell more land as it seeks to hive off “non performing assets.”

11 Apr 2018 | 7:00 AM

Steel stocks regain strength

PETALING JAYA: Steel stocks on Bursa Malaysia posted strong gains on a continued technical rebound after the demand outlook remained sound in spite of the ongoing United States-China trade spat

Strong gains: Steel stocks such as Ann Joo Resources Bhd see strong percentage gains and also dominated the volumes list.