Joseph Chin

Recent and archived articles by Joseph Chin

16 Mar 2018 | 5:32 PM

Axiata, Maxis lift KLCI, MWE jumps on privatisation

KUALA LUMPUR: Renewed fund interest in Axiata and Maxis pushed the FBM KLCI into the positive territory at the end of Friday trade while MWE jumped after its major shareholder proposed to take it private.

16 Mar 2018 | 11:54 AM

Surin to take MWE private, proposes SCR of RM1.75 a share

KUALA LUMPUR: Tan Sri Surin Upatkoon via Pinjaya Sdn Bhd plans to take MWE Holdings Bhd private and has requested the company to undertake a selective capital reduction (SCR) and capital repayment exercise.

File pic of Tan Sri Surin Upatkoon, who via Pinjaya Sdn Bhd, plans to take MWE Holdings Bhd private.
16 Mar 2018 | 9:35 AM

Maybank, Public Bank, Petronas stocks fall early Friday

KUALA LUMPUR: Blue chips extended their losses early Friday as investor sentiment was battered by US trade war rhetoric, with Maybank and Public Bank among the main drags on the FBM KLCI.

15 Mar 2018 | 5:29 PM

Connsumer stocks battered, Sapura Energy jumps in active trade

KUALA LUMPUR: Consumer stocks were battered on Thursday with Nestle sustaining a second day of losses on Thursday after the recent rally while Sapura Energy led penny oil and gas stocks higher in active trade.

15 Mar 2018 | 1:51 PM

Top Glove Q2 earnings up 31.2% to RM109m

KUALA LUMPUR: Top Glove Corporation Bhd's earnings rose by nearly one-third to RM109.01mil in the second quarter ended Feb 28 due to strong demand growth for natural rubber glove from emerging markets and lower raw material prices.

15 Mar 2018 | 1:24 PM

Sona Petroleum to distribute monies to shareholders in April

KUALA LUMPUR: Sona Petroleum Bhd, a special purpose acquisition company (SPAC), has obtained tax clearance and plans to make the final distribution of the remaining cash in April.

It was reported in December 2013, that Sona was eyeing a new oil field asset in Indonesia to buy after failing to clinch a deal in September.
15 Mar 2018 | 12:40 PM

US fund Invesco sells F&N, buys Nestle

KUALA LUMPUR: US fund management company Invesco was seen reducing its stake in Fraser & Neave Holdings but accumulating shares in Nestle on Wednesday.

15 Mar 2018 | 9:35 AM

KLCI falls below 1,850 early Thursday, Nestle top loser

KUALA LUMPUR: Profit taking on consumer stocks, especially Nestle weighed on the market early Thursday as the FBM KLCI slipped below the important 1,850 level, in line with the cautious key Asian bourses.

14 Mar 2018 | 5:46 PM

Nestle hits speed bump, weighs on KLCI

KUALA LUMPUR: Blue chips closed lower on Wednesday after Nestle, which has rallied in recent weeks to record highs, hit a speed bump amid a weaker broader market.

14 Mar 2018 | 3:11 PM

Malaysia Airports to expand KLIA but no new terminal planned

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is looking to expand the KLIA Main Terminal and also undertake modification and systems upgrade in the next five years as it is reaching its capacity.

MAHB managing director Datuk Badlisham Ghazali said the facilities that have been identified to undergo enhancements and upgrading are the baggage handling system and the Aerotrain.