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TSH Resources core PBT up 38% to RM180m in FY17

KUALA LUMPUR: Higher fresh fruit bunches (FFB) production and stringent cost controls saw TSH Resources Bhd's core profit before tax (PBT) jump 38% to RM180mil for FY ended Dec 31, 2017.

TSH’s group chairman, Datuk Kelvin Tan: "“We remain confident that the performance of TSH will remain positive for year 2018."

Ringgit boosted by recovering oil prices

KUALA LUMPUR: The ringgit extended gains from yesterday to open higher against the US dollar today, as more investors shifted towards emerging currencies, prompted by the recovery in crude oil prices, dealers said.

YTL Power 'buy', Sime Darby 'reduce'

Energy firm YTL Power’s lower earnings in the first half of financial year 2018 (H1’18) were within expectations, according to UOB Kay Hian Malaysia Research.

Frontken earnings retreat on forex losses

PETALING JAYA: Frontken Corp Bhd posted almost a 10% decline in net profit to RM9.83mil for the fourth quarter ended Dec 31, 2017, from RM10.87mil a year earlier.

In a filing with Bursa Malaysia yesterday, the semiconductor services and precision cleaning provider said in the fourth quarter, unrealised foreign currency exchange losses stood at RM0.7mil compared to foreign exchange gains of RM3.5mil a year earlier.

CIMB Research retains Reduce on Sime Darby

KUALA LUMPUR: CIMB Equities Research is retaining its Reduce outlook on Sime Darby with an unchanged sum of parts based target price of RM2.42 per share. Its last traded price was RM2.80.

IOI profit surges to RM596mil on forex gain

KUALA LUMPUR: IOI Corp Bhd saw its earnings surge to RM595.9mil in the second quarter ended Dec 31, 2017 from the RM15.6mil a year ago, boosted by foreign currency translation gain.

UMW to ride on stronger ringgit

AFTER a few tough years, diversified government-linked conglomerate UMW Holdings Bhd appears to have emerged from the pits of a battle to regain profitability.

Badrul Feisal: It has been definitely a good start to the year and the strengthening of the ringgit has brought smiles to me because it does help us in terms of managing our costs better.
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