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PETALING JAYA: Petroliam Nasional Bhd’s plan to slash its budget could see it saving some RM17bil, but this may be insufficient for the state-owned oil and gas (O&G) giant to weather the challenging economic environment, according to a local research house.
KUALA LUMPUR: Bursa Malaysia eked past the psychologically important resistance of 1,450 at the end of Wednesday trading as markets showed growing confidence over the recovery of the global economy.
KUALA LUMPUR: The FBM KLCI bounced back to the 1,450 mark on its return from the Aidilfitri holidays, tracking Wall Street's performance as the US economy reopened and investors banked on vaccine trials.
KUALA LUMPUR: UOB Kay Hian Malaysia Research keeps Dialog as a defensive buy as it still sees value in Dialog Group Bhd as it is the only listed proxy to storage.
PETALING JAYA: MISC Bhd’s wholly-owned subsidiary AET Tanker Holdings Sdn Bhd has taken delivery of the Eagle Petrolina, the first of four Suezmax Dynamic Positioning (DP2) shuttle tankers purposed built for long-term charter to Brazilian multinational petroleum corporation, Petróleo Brasileiro SA (Petrobras).
KUALA LUMPUR: MISC Bhd’s petroleum shipping unit, AET Tanker Holdings Sdn Bhd (AET), has taken delivery of Eagle Petrolina, the first of four Suezmax dynamic positioning (DP2) shuttle tankers purpose built for long-term charter to Brazil’s state-controlled oil giant Petróleo Brasileiro SA (Petrobras).
KUALA LUMPUR: Key Asian markets including Bursa Malaysia ended Tuesday on a firm note as investor sentiment was boosted by hope from the early-stage trial for a Covid-19 vaccine and firmer oil prices.
KUALA LUMPUR: Bursa Malaysia continued to see heavy trading activities especially in penny stocks and warrants, sending total volume traded over 9.2 billion units on Friday, the second highest in history.
KUALA LUMPUR: The FBM KLCI mounted another challenge to the 1,400-point mark on Friday after yesterday's rally ended on a flattish note.