CIMB's 94.83%-owned subsidiary CIMB Thai Bank PCL's net profit rose 92.4% year-on-year in its 1QFY19 on growth in operating income and lower provisions.
Genting’s 52.8%-owned subsidiary Genting Singapore Ltd said it will bid for all three casino licenses allowed by Japan and hopes to win one, according to Chairman Lim Kok Thay at Genting Singapore’s annual general meeting.
Widad has bagged an RM190.5mil contract to build a 200-bed multi-disciplinary private hospital based in Selangor.
Bintai Kinden’s plan to jointly develop a Melaka project, with an estimated gross development value (GDV) of RM350mil, has been dropped following the lapse of a preliminary agreement.
Seacera warns that the company’s financial constraints may potentially lead to it defaulting on loan repayments as the proposed fund-raising exercises, which involves recapitalisation and private placement, are unable to be completed on time.
UEM Sunrise has been served a notice of arbitration by Ireka, seeking a declaration sum of RM29.25mil in relation to disputes and differences arising from a contract finalisation.
Jaks seeks more funds via placement for Vietnam JV after rights issue met tepid response.
Meanwhile, US markets climbed overnight after corporate results, better-than-expected retail sales data and two new IPOs.
Earlier, European stocks rose on strong corporate earnings despite weak manufacturing data.
“Following the recent lackluster performance, the FBM KLCI is expected to remain pressured with support at 1,615 points,” JF Apex said.
Did you find this article insightful?