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Business 16 Jul 2019 | 12:00 AM

CGS-CIMB: Sale of FGV China Oils is a positive move for FGV

PETALING JAYA: The sale of FGV Holdings Bhd’s loss-making FGV China Oils Ltd (FGVCO) to China-based Grand Industrial Holding Co Ltd for RM100mil will allow the group to stop accounting for losses in its loss-making entity.

Business 17 Jul 2019 | 12:00 AM

MGO on the cards for Media Prima

PETALING JAYA: A mandatory general offer (MGO) at Media Prima Bhd seems more likely now, as Tan Sri Syed Mokhtar Albukhary further tightened his grip on the media company with an additional 55 million shares or a 4.96% stake last Thursday.

Business 17 Jul 2019 | 5:03 AM

Khazanah clarifies on CIMB shares sale

KUALA LUMPUR: Khazanah Nasional Bhd has clarified that it has not dispose of its shares in CIMB Group Holdings Bhd.

Business 18 Jul 2019 | 12:00 AM

Contractors could secure up to RM11bil in ECRL

PETALING JAYA: Local contractors could secure between RM8.8bil and RM11bil in civil work contracts from the RM44bil East Coast Rail Link (ECRL), which is set to be relaunched at the end of the month.

Business 20 Jul 2019 | 12:00 AM Premium

National cars maintain lead

National carmakers Proton and Perodua dominate sales over their foreign counterparts in the first half of this year as more customers traded their cars for more competitively-priced sport-utility vehicles (SUVs) despite the uncertain economic conditions.

Fintech 22 Jul 2019 | 12:00 AM

Orion bets big on small loans

SHAH ALAM: Last year, budding financial technology (fintech) firm Orion IXL Bhd got its first big break with a 15-year contract to provide end-to-end loan application solutions for the country’s top cooperative (co-op).

Business 23 Jul 2019 | 12:18 AM

CGS-CIMB Research positive on Tenaga, regulatory risk low

KUALA LUMPUR: CGS-CIMB Equities Research is positive on Tenaga Nasional as the regulatory risk from sector reform seems to be low, as the power giant will likely maintain its monopoly in the transmission & distribution segments.

Business 24 Jul 2019 | 12:00 AM

CGS-CIMB Research positive on TNB, sees regulatory risk as low

KUALA LUMPUR: CGS-CIMB Equities Research is positive on Tenaga Nasional Bhd (TNB) as the regulatory risk from the energy sector reform seems to be low, as the power giant will likely maintain its monopoly in the transmission and distribution segments.

Business 24 Jul 2019 | 12:28 AM

CGS-CIMB Research sees more land deals for Mah Sing, retains Add

KUALA LUMPUR: CGS-CIMB Equities Research is positive on Mah Sing Group’s purchase of 5.47 acres of land in Kepong for RM94.8mil which has a potential gross development value (GDV) of RM705mil.

Business 24 Jul 2019 | 12:51 AM

Sasbadi looking to grow export markets, CGS-CIMB Research keeps 21c TP

KUALA LUMPUR: Sasbadi Holdings is looking to grow its export markets, focusing on pre-school books and non-academic books such as comics and novels, CGS-CIMB Equities Research says.