Sime Darby is looking at trimming its non-core assets, even though it is not in a hurry to do so, as part of its five-year plan to create value for the group two years after its demerger exercise.
London Biscuits has again defaulted — this time on principal payments to RHB Bank that amounted to RM22.52mil.
UEM Sunrise is disposing of a property in Melbourne for A$107.09mil (RM304.13mil) to Acme Co. No 4 Pty Ltd.
The disposal is expected to be completed by the end of the year and give rise to an estimated net gain on disposal of RM54.32mil (A$19.12mil).
MUI Properties said its wholly-owned investment firm Cesuco Trading Ltd will be converting an A$1.5mil secured convertible note in an Australian gold exploration company into ordinary shares.
This will result in Cesuco holding 40.73% of the enlarged share capital of Nex Metals Explorations Ltd, a Perth-based company that is listed on the Australian Securities Exchange;
Prestariang's independent auditor Crowe Malaysia PLT has highlighted material uncertainty on the IT software distributor's ability to continue as a going concern, after taking into account Prestariang's negative operating cash flow and loss after taxation for the financial period ended June 30,2019.
Nestle's 3QFY19 net profit rose 8.2% year-on-year, on the back of focus on driving sustainable efficiencies and savings.
Damansara Realty's 3QFY19 net profit more than doubled to RM3.85 million from RM1.87 million a year earlier, mainly due to the contribution from the property and land development segment driven by its joint venture development in Central Park, Johor Bahru, with Country Garden Management Sdn Bhd.
Overnight, US markets rose with the S&P and Nasdaq extending their record highs following gains by Disney and Facebook.
Earlier, Europen stocks advanced amid hopes that the US will delay imposing tariffs on EU automotive industry.
“Following the positive performances in the overseas markets, the FBM KLCI could follow suit and test the resistance of 1,610 points, ” JF Apex said.
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