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Analyst Reports 3h ago

Kenanga maintains underperform on Media Prima on FY17 losses

KUALA LUMPUR: Kenanga Research maintained its underperform call on Media Prima Bhd with a lower target price of 53 sen from 55 sen previously as the company put in another disappointing earnings result.

Corporate News 15h ago

Sime Darby posts core profit of RM525m in H1

KUALA LUMPUR: Sime Darby Bhd posted a set of firm financial results in the first half ended Dec 31, 2017 with core profit before interest and tax (PBIT) of RM525mil, underpinned by the pick up in Australia's mining business.

Telcos 17h ago

Axiata records 80% earnings jump in FY17 to RM909m

KUALA LUMPUR: Axiata Group Bhd recorded an 80% jump in earnings for its financial year ended Dec 31, 2017, to RM909.48mil compared to RM504.25mil in the previous year on positive performances by its core mobile operations while cost-optimisation initiatives delivered above expectations.

Corporate News 5h ago

Tender for ECRL works to open in April

BENTONG: At least 30% of the East Coast Rail Link (ECRL) infrastructure works packages will be opened for tender beginning April.

Malaysia Rail Link Sdn Bhd (MRL) head of construction infra Noor Azlan Salleh said the packages, excluding those for tunnel works, would be offered in stages by China Communications Construction Co (CCCC) to all qualified local contractors. (Yesterday's picture shows tunelling works in progress. - Bernama)
Analyst Reports 5h ago

Malakoff 'buy', Malaysia Airports 'sell', MSM 'neutral'

MALAKOFF CORP BHD: Management indicated during its briefing that the group would pursue a higher dividend payout policy to provide more value to the shareholders.

Palm Oil 5h ago

Malaysian palm oil price pares gains on less than expected output drop

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday evening, ending the day slightly weaker after posting gains at noon, as market sentiment turned bearish on a less than expected drop in output.

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 0.04 percent at 2,488 ringgit ($635.50) a tonne at the close of trade.  Trading volumes stood at 40,154 lots of 25 tonnes each on Thursday evening.
Palm Oil 3h ago

Malaysian palm oil/Vegoils: Market factors to watch Friday Feb 23

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Feb 23.

Malaysian palm oil futures fell on Thursday evening, ending the day slightly weaker after posting gains at noon, as market sentiment turned bearish on a less than expected drop in output.
Economy 1d ago

Final version of Trans-Pacific trade deal released, includes Malaysia

WELLINGTON/SYDNEY: The final version of a landmark deal aimed at cutting trade barriers in some of Asia-Pacific's fastest-growing economies was released on Wednesday, signalling the pact was a step closer to reality even without its star member the United States.

New Zealand’s Minister for Trade and Export Growth David Parker speaks to reporters during a news conference regarding the revised text for the recently agreed Trans-Pacific Partnership (TPP) in Wellington, New Zealand, February 21, 2018.  - Reuters
Corporate News 1d ago

Hap Seng buys Kretam in RM1.18bil worth deal

PETALING JAYA: Hap Seng Plantations Holdings Bhd is proposing to acquire a controlling stake in Kretam Holdings Bhd via two corporate exercises valued at a combined RM1.18bil.

Hap Seng Plantations’ current landbank stands at 40,000ha of which about 36,000ha are planted with oil palm. It has a total of 16 estates and four oil mills, all located in Sabah – notably in the Lahad Datu, Tawau and Kota Marudu regions.

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