Yinson’s 4QFY19 net profit rose 6% year-on-year on the back of higher revenue.
GHL has won a RM25.03mil project to develop and implement the hardware and software applications for the Government's RON95 petrol subsidy programme.
GDB has bagged an RM135mil contract from TRC SYNERGY BHD’s unit for a mixed development in Ara Damansara.
SCGM's wholly-owned subsidiary Lee Soon Seng Plastic Industries Sdn Bhd has inked a Memorandum of Agreement (MoA) with Indonesian distributor PT Harapan Infiniti Mulia to exclusively manufacture degradable packaging for the Indonesian market.
Gamuda’s 2QFY19 net profit fell 23% year-on-year, as it ceased recognition of its share of profits from Syarikat Pengeluar Air Sungai Selangor (Splash), which it sold at the end of last year.
Meanwhile, US stocks slipped as 10-year Treasury yield hit lowest level since 2017 with lingering concerns on possible economic slowdown.
Meanwhile, European stocks were muted as investors took a cautious stance amid fears of a potential US recession.
“We expect the benchmark index to remain under pressure with its support at 1,625 points under prevailing cautious market sentiment,” JF Apex said.
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