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Appeton maker Kotra net profit almost triple in Q4

PETALING JAYA: Kotra Industries Bhd, the maker of Appeton health products, posted a net profit of RM5.6mil in the last quarter ended June 30 on favourable currency exchange rate and improved cost control.

Kotra product manager Lim Hoey Teing (right) handing over the sponsorship of Appeton products for the Penang Starwalk 2018 event to Star Media Group Bhd senior accounts servicing manager Eddie Fung on Aug 17.

KLCI's advance takes it near key 1,800

KUALA LUMPUR: Petronas Gas, IHH Healthcare and Public Bank closed higher on fund buying on Tuesday and drew the FBM KLCI closer to the key 1,800 level.

HSS Engineers, AQRS tumble after ECRL cancelled

KUALA LUMPUR: Shares of Gabungan AQRS and HSS Engineers and fell in afternoon trade on Tuesday after the government cancelled the East Coast Rail Link (ECRL) project.

AMMB posts stronger net profit of RM347.6m in Q1

KUALA LUMPUR: AMMB Holdings Bhd posted a set of stronger financial results in the first quarter ended June 30, 2018, underpinned by higher net interest income (NII) and lower expenses.

AmBank Group CEO Datuk Sulaiman Mohd Tahir said: “After a year of putting in place a series of fundamental changes, we have today a solid platform to grow further, as our Q1FY19 results point to a reasonable start to the new fiscal year."

Petronas Gas leads KLCI higher at midday

KUALA LUMPUR: Bursa Malaysia was lifted on positive sentiment over highly anticipated talks between the US and China in the hope that there would be a resolution to the trade conflict.

Dollar broadly lower after Trump remarks

TOKYO: The dollar traded lower against a basket of major peers on Tuesday after U.S. President Donald Trump said he was "not thrilled" with Federal Reserve Chairman Jerome Powell for raising interest rates.

Short selling of Eden warrants suspended

KUALA LUMPUR: The short selling for Eden Inc. Bhd warrants WB was suspended for the rest of Tuesday after the trade limit reached 3% of its issued number of shares.

Petronas-linked stocks lead KLCI higher

KUALA LUMPUR: Petronas-linked stocks underpinned the FBM KLCI’s mild gains early Tuesday but investors were cautious about the latest development in the US-China trade conflict.

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