Latest
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Corporate News
High occupancy rate to support CapitaLand
High occupancy rate, positive shopper traffic, tenant sales and rental reversion are expected to support CapitaLand Malaysia Trust’s (CLMT) growth outlook in the near term.
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Corporate News
Johor facility disposal a good move for Axis-REIT
Axis Real Estate Investment Trust’s (Axis-REIT) proposed disposal of an industrial facility in Johor for RM162mil is a good move, according to analysts, given the attractive pricing.
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Corporate News
DNB new board members comprise MNO reps
Digital Nasional Bhd (DNB) has appointed five new board members, comprising senior leaders from the telecommunications and technology industry, effective April 24, 2024.
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Support Line
SupportLine
SKP Resources Bhd extended its rally yesterday to affirm the continuation of a bullish trend.
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Corporate News
Higher earnings for Pavilion-REIT
Pavilion Real Estate Investment Trust (Pavilion-REIT) will focus on managing its expenses to optimise efficiency going forward.
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Corporate News
Luxchem 1Q24 showing up on trading segment
Luxchem Corp Bhd will continue to improve its own productivity and efficiency in mitigating external challenges.
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Corporate News
Eupe fourth-quarter profit rises 29%
Eupe Corp Bhd’s net profit rose by 29% year-on-year (y-o-y) to RM14.54mil in the fourth quarter ended Feb 29, 2024, largely driven by stronger revenue from its property development business.
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Corporate News
Pos Malaysia confident of delivering improved results
Pos Malaysia Bhd is cautiously optimistic about delivering improved results by banking on its foundation for future growth and ongoing transformation.
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Corporate News
Positive outlook for Sabah Ports with tie-up
Suria Capital Holdings Bhd’s partnership with DP World, an Emirati multinational logistics company based in Dubai, is viewed positively by MIDF Research.
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Corporate News
Pantech seeks to list steel pipe units
Pantech Group Holdings Bhd is looking to de-merge its stainless steel and carbon steel pipe manufacturing subsidiaries for an eventual listing on the Main Market.
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Banking
Bank asset values in UK face 5% hit this decade
Banks in the United Kingdom may be facing significant losses in the coming years as the value of their assets is eroded by nature-related shocks such as water scarcity and pollution.
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Economy
Congo accuses Apple of using ‘blood minerals’ from war-torn east
The government of the Democratic Republic of Congo (DRC) is accusing Apple of using “illegally exploited” minerals extracted from the country’s embattled east in its products, according to lawyers representing the African country.
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Auto
Battery recycling shatters the myth of EV waste
Making a battery for an electric vehicle (EV) typically requires mining hundreds of pounds of hard-to-extract minerals.
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Economy
Nasa chief asks nations to work together on climate change
Nasa is hoping that nations will work together more closely in the future on topics such as climate change, including greenhouse gas emissions, the space agency’s head, Bill Nelson says.
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Corporate News
Boeing CEO upbeat on cash goal, quality review
Boeing Co chief executive officer Dave Calhoun says the embattled planemaker is making progress toward turning around its manufacturing and that it will hit its mid-decade cash-flow goal, even after reporting a major outflow in the first three months of the year as it slows output.
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Economy
Inflation remains moderate at 1.8%
With ample opportunities to assess the state of the economy given the monthly data released by the Statistics Department, economists are taking a big-picture view with their outlook.
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Corporate News
NYCB faces tough choices on CRE loans, balance sheet diversification
New York Community Bancorp (NYCB) will have to lure buyers for its commercial real estate (CRE) loans with steep discounts and diversify its revenue as it races to shore up its finances.
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Markets
Battery stocks’ rally in India likely to extend
A rally in India’s battery maker stocks this month looks poised to extend amid optimism over further collaborations with foreign vehicle manufacturers.
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Corporate News
Ford profit up on sales of commercial vehicles
Ford Motor Co posted first-quarter earnings that beat Wall Street’s expectations, bolstered by a strong performance in its commercial-vehicle division and an increase in its hybrid-vehicle sales.
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Corporate News
Meta projects higher spending, weaker revenue
Meta Platforms Inc increased its spending estimates for the year and projected second quarter sales that were below Wall Street’s expectations, once again raising questions about whether its futuristic technological bets will eventually pay off for investors.