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Selling may be over for MyEG, George Kent

KUALA LUMPUR: Shares of MyEG Services and George Kent, which had been battered over the past four trading days, managed to stage a mild rebound early Friday as investors viewed the selling as overdone.

Higher occupancy lifts Shangri-La earnings in Q1

KUALA LUMPUR: Shangri-La Hotels (Malaysia) Bhd says the positive momentum in the leisure and tourism market is expected to lift the group’s results this year after first quarter earnings jumped.

Press Metal makes RM150mil net profit in Q1

KUALA LUMPUR: Press Metal Aluminium Holdings Bhd says it has put in place “control measures” to smooth out wild swing in prices after net profit improved slightly in the first quarter. Earnings rose to RM150mil in the three months ended March 31 from RM148mil made a year earlier.