Ganeshwaran Kana

Recent and archived articles by Ganeshwaran Kana

16 Jan 2019 | 7:00 AM

Analysts: Takeover price for SelProp is attractive

PETALING JAYA: The revised takeover price of RM6.30 per share offered by Selangor Properties Bhd’s controlling shareholder is considered attractive, although it remains below the company’s book value per share, according to analysts.

The Wen family, that owns 68.23% of Selangor Properties via its investment vehicle Kayin Holdings Sdn Bhd, raised its proposed selective capital reduction (SCR) and repayment offer price by 30 sen for the second time yesterday.
12 Jan 2019 | 7:00 AM

November IPI higher by 2.5%

PETALING JAYA: Malaysia’s manufacturing and electricity sectors recorded higher output in November 2018, raising the country’s Industrial Production Index (IPI) up by 2.5% year-on-year (y-o-y).

12 Jan 2019 | 7:00 AM

Goldilocks economy

Sentiment on Malaysia’s economy not so positive but is there a silver lining?

10 Jan 2019 | 7:00 AM

TM faces competition from TNB plan

PETALING JAYA: Telekom Malaysia Bhd (TM) risks losing its customers in the domestic fixed-line broadband scene if Tenaga Nasional Bhd’s (TNB) National Fiberisation and Connectivity Plan (NFCP) pilot project becomes a long-term business arrangement.

Affin Hwang Capital Research, which became the latest brokerage to downgrade TM, has warned that the telecommunications player’s long-built market share could decline due to the possible emergence of new competitors in the broadband market.
9 Jan 2019 | 7:00 AM

Munir: Be objective on country’s economic challenges

KUALA LUMPUR: Concerns about Malaysia’s rising economic challenges must be openly accepted and should not be swept under the carpet, according to CIMB Asean Research Institute (CARI) chairman Tan Sri Munir Majid.

Speaking after a briefing by CARI yesterday, called “Leveraging Asean solutions for trade through ASSIST,” Munir urged Malaysians to be objective on matters related to the country’s macroeconomic conditions.  “In Malaysia, we all get scared to say negative things about our economy but we have to be objective about matters of fact and accept that certain things are happening that are a challenge to the economy,” he said.
8 Jan 2019 | 7:00 AM

AMMB’s plan to dispose of NPLs expected to boost its net profit

PETALING JAYA: AMMB Holdings Bhd’s plan to dispose RM553.91mil worth of non-performing loans (NPLs) would likely boost its net profit in the current financial year of 2019 (FY19) by about 18%, according to RHB Research Institute.

AMMB, which is Malaysia’s sixth largest banking group by assets, is projected to make a net gain of RM314mil to RM338mil following the proposed disposal of the retail NPLs of AmBank (M) Bhd and AmBank Islamic Bhd.  RHB Research Institute was positive on the plan.
5 Jan 2019 | 7:00 AM

Mixed outlook for Top Glove

LAST year, the world’s largest manufacturer of rubber gloves, Top Glove Corp Bhd, hit the headlines for both good and bad reasons.

Outstanding performance: Top Glove’s profit before tax reached an all-time high of RM522.7mil, while its sales volume touched its peak in FY18, up by 26 y-o-y. — Bernama
4 Jan 2019 | 7:00 AM

Kenanga still ‘neutral’ on oil and gas sector from brownfield space

Kenanga says greenfield investments are less viable at low price level

It said that the possible pick-up in job flows from the brownfield space will likely benefit local players such as Dayang Enterprise Holdings Bhd and Uzma Bhd.  However, it added that local jobs may come in slower for fabricators, affecting players such as Sapura Energy Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE).
3 Jan 2019 | 7:00 AM

Analysts: Focus on ‘oversold’ stocks

PETALING JAYA: Bottom-fishing opportunities have emerged in the equity market, with oversold stocks seen as one of the few silver linings for local investors this year.

According to AllianceDBS Research, oversold stocks offer “value amid market sell down”.  Its selected oversold stocks were Axiata Group Bhd, Gamuda Bhd and CapitaLand Malaysia Mall Trust.
29 Dec 2018 | 7:00 AM

Top 50 gainers in absolute terms

WITHIN the May 8-Nov 30 period, the benchmark FBM KLCI has gone down by about 9%. On the other hand, the FBM Small Cap Index took a worse beating, falling by over 16%.