Ganeshwaran Kana

Recent and archived articles by Ganeshwaran Kana

12 Feb 2019 | 7:00 AM

Investors still keen to buy Malaysian stocks

CIMB: They are looking for strong catalysts and clarity on reforms

“There was no major pushback from investors on our FBM KLCI target of 1,638 points for end 2019, which is more conservative compared with some of our peers due to concerns over potential earnings disappointments and external risks,” CIMB Research said.  The firm, earlier, had met up with 288 investors from 65 firms in four countries – Malaysia, Singapore, Thailand and Hong Kong – over a five-week period in an investment roadshow to promote local stocks.
9 Feb 2019 | 7:00 AM

UEM Edgenta attracts local and foreign suitors

KHAZANAH Nasional Bhd’s majority-controlled UEM Edgenta Bhd has attracted a number of suitors, both local and foreign, sources says.

Divestment plan: A file picture showing Mitsui’s logo in Tokyo. Khazanah’s sale of a 16 stake to Mistui for RM8.42bil is expected to be completed by the first quarter of this year. Sources say that the share sale in IHH will be followed by divestment in at least eight more companies. UEM Edgenta is one of them. — Reuters
8 Feb 2019 | 7:00 AM

Buying interest returns to local bourse

PETALING JAYA: The Year of the Pig has begun on a positive note for the Malaysian stock exchange, led by buying interest in heavyweight counters.

The FBM KLCI, the benchmark index composed of Bursa Malaysia’s 30 largest companies by market capitalisation, rose 9.78 points or 0.58% to 1,693.39 points yesterday.  The return of investors to trading activities after the two-day Chinese New Year (CNY) break spurred buying sentiment in the local market, despite overnight losses in the US equity universe
8 Feb 2019 | 7:00 AM

Tough year seen for Malaysian semiconductor sector

Lower growth expected after two years of strong expansion

AllianceDBS Research, which is neutral on the domestic technology sector, has advised investors to “stay on the sidelines” for the near term.  The firm has also cautioned against any plans by investors to bottom-fish in the local semiconductor equities scene, describing it as “still early”.
7 Feb 2019 | 7:00 AM

B10 mandate lifts CPO price

PETALING JAYA: The increased mandated usage of palm oil as fuel and rising demand from key buyers are helping to pare down record-high inventory and boost the commodity price to its highest level since July last year.

Prime Minister Tun Dr Mahathir Mohamed launches B10 transportation sector biodiesel Programme in Putrajaya in this filepic. Also present are Primary Industry minister Teresa Kok (third left), Deputy minister Datuk Seri Shamsul Iskandar Md Akin (partly hidden), Sarawak deputy Chief Minister Datuk Amar Douglas Uggah Embas (second left) and ministry secretary general Datuk Zurinah Pawanteh (left). - MOHD SAHAR MISNI/The Star
5 Feb 2019 | 7:00 AM

Quiet end to Year of the Dog; will the Year of the pig be better?

PETALING JAYA: The Year of the Dog ended negatively for Malaysian equities, with the benchmark FBM KLCI closing the year on a flattish note.

The Year of the Dog ended negatively for Malaysian equities, Will the Year of the Pig bring better tidings?
30 Jan 2019 | 5:01 PM

Malaysia’s 2018 exports beat expectations

KUALA LUMPUR: Malaysia’s total exports growth in 2018 has beaten expectations as it rose to RM998.01bil, amid the US-China trade war and the uncertainties in the global environment.

30 Jan 2019 | 7:00 AM

MAHB, Tourism Malaysia allocate RM20mil for fund

SEPANG: Malaysia Airports Holdings Bhd (MAHB) and Tourism Malaysia have jointly allocated a total of RM20mil to boost Malaysian tourism and increase international tourist arrivals in 2019.

Datuk Mohammadin Ketapi, Tourism, Arts and Culture Minister (2nd left) and Datuk Kamarudin Jaffar, deputy minister of Transport (3rd left) witnessing the MOU signing ceremony represented by Datuk Musa Yusof, director general of Tourism Malaysia (left) and Raja Azmi Raja Nazuddin, group ceo of Malaysia Airports (right), in Sepang, Tuesday, January 29, 2019. - RAJA FAISAL HISHAN/The Star.
29 Jan 2019 | 7:00 AM

Suiwah shares hit limit-up on privatisation plan

PETALING JAYA: Suiwah Corp Bhd, whose share price dropped to a five-year low a month ago, surged 22.94% yesterday following the decision of its major shareholder to privatise the retail firm.

Suiwah manages a portfolio of departmental stores, supermarkets, malls, convenient stores and event halls on Penang island under the trade name of Sunshine. The company is also involved in property development and the semiconductor industry.
26 Jan 2019 | 7:00 AM

Mesiniaga’s RM1.9bil job under the microscope

But CEO gives assurance that all is in order