The Ministry of Defence plans to salvage at least two of the six littoral combat ships' construction awarded to Boustead Holdings in 2011, having paid RM6bil of the RM9bil contract value.
TDM's US$50mil disposal of its loss-making subsidiaries PT Rafi Kamajaya Abadi and PTA Sawit Rezeki to PT Aragon Agro Pratama has fallen through.
Unisem's 2QFY20 net profit jumped more than twofold to RM33.95mil, from RM14.45mil a year earlier, driven by higher sales volume and foreign exchange gains.
Sunway REIT’s 4QFY20 net property income (NPI) fell by 30.2% year-on-year, on the back of lower revenue following the government's implementation of the different stages of the Movement Control Order.
Meanwhile, US markets advanced overnight with the Nasdaq hitting a record high following gains in technology counters.
Earlier, European stocks climbed following positive manufacturing data in the region.
“Following the positive performances in the US and Europe, the FBM KLCI could stage a rebound with support at 1,550 points,” JF Apex said.
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