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E&O upgraded to Buy from Hold

KUALA LUMPUR: AmInvestment Bank Research has upgraded lifestyle developer Eastern & Oriental Bhd to Buy from Hold with a revised fair value of RM2.01 per share.

Pharmaniaga Q2 profit slips on higher corporate tax

KUALA LUMPUR: Pharmaniaga Bhd’s net profit for the second quarter slipped 43.3% to Rm5.4mil on the back of higher corporate tax as a result of increased profitability of certain subsidiaries.

Asian shares gain on US-China trade talks, lira recovers

TOKYO: Asian shares won a modest reprieve on Friday after China and the United States agreed to hold their first trade talks since June next week and as the Turkish lira extended gains from its record low earlier this week.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent in early trade, a day after it hit its lowest level in a year.  Japan's Nikkei gained 0.5 percent while in U.S. markets, the Dow Jones Industrial Average rose 1.58 percent and the S&P 500 <.SPX> gained 0.79 percent.  MSCI's index of world stocks rose 0.63 percent on Thursday

Stronger Q4 expected for KLK

KUALA LUMPUR: Maybank Investment Bank (IB) Research expects Kuala Lumpur Kepong Bhd (KLK) to post stronger Q4 results, boosted by anticipated net inventory drawdown, and decent downstream earnings.

Challenging outlook for AirAsia due to higher fuel cost

KUALA LUMPUR: Maybank Investment Bank Research expects AirAsia Group Bhd’s core net profit for Q2’18, which will be released on August 30, to come in at RM289mil, a 39% decline year-on-year and 10% decline quarter-on-quarter.

Australian teen sparks FBI action after hacking Apple

SYDNEY: An Australian teenager has pleaded guilty to hacking into the main computer network of technology giant Apple Inc , downloading big internal files and accessing customer accounts, because he was a fan of the company, local media reported

The boy, 16, from Melbourne city, broke into the United States company's mainframe from his suburban home many times over a year,  The boy's name could not be made public because he was a juvenile offender.