Recent and archived articles by Joseph Chin
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.
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.
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.
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.
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.
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.
KUALA LUMPUR: US fund management company Invesco was seen reducing its stake in Fraser & Neave Holdings but accumulating shares in Nestle on Wednesday.
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.
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.
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.