JF Apex Research said Berjaya Corp called off its proposed takeover of Singer (M) Sdn Bhd, from Berjaya Retail Sdn Bhd (BRetail) and its largest shareholder Tan Sri Vincent Tan, for RM536mil.
GPA Holdings confirmed that it has been approached by data centre operator for Regal Orion Sdn Bhd for a possible reverse takeover. However, the group mentioned that there has not been any concrete development thereof which would warrant an announcement to be made at this point of time.
As for Axiata, it secured the lowest-ever coupon rate as an Asian corporate after a landmark US$1.5bil issuance.
Meanwhile, Heineken Malaysia incurred a net loss of RM18.19mil in 2Q - its first loss-making quarter - compared with a net profit of RM65.7mil a year ago as its business was impacted by the Movement Control Order.
GuocoLand's 68% owned-unit, GLM Emerald Industrial Park (Jasin) Sdn Bhd, is selling two parcels of land in Jasin, Melaka to Scientex for RM260.17mil cash.
Duopharma’s 2QFY20 net profit rose 5.8% on-year and declared an interim dividend of 0.5 sen/share.
JF Apex Research pointed out Vstecs posted higher 2QFY20 net profit due to the work from home demand.
Overnight on Wall Street, US markets were mixed with the Dow and S&P falling as coronavirus stimulus talks hit a stalemate while the Nasdaq climbed following gains in technology counters.
Earlier, European stocks declined despite positive US jobless claims data.
At Bursa, the FBM KLCI surged 19.78 points to 1,576.42. Following the mixed performances in the US and Europe, the KLCI could remain sideways above the support of 1,550, the research house said.
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