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Felda clarifies acquisition of Indonesian Eagle High stake
FELDA would like to clarify a few things in light of its recent acquisition of a 37% stake in PT Eagle High Plantations TBK (EHP) that StarBiz has reported on Dec 29 and 31:
Furniture makers doing well due to strong US$ despite labour issues
PETALING JAYA: Furniture makers have been performing well as their revenue and net profit continue to rise due to the stronger US dollar, despite labour issues.
Felda Global Ventures confident of emerging stronger in 2017
PETALING JAYA: After a challenging and tumultuous year that saw investor sentiment on the stock take a beating, Felda Global Ventures Holdings Bhd (FGV), is optimistic of emerging leaner and stronger this year riding on improved plantation sector performance and commodity prices.
PNB appoints Zarinah, Awang Adek, Yaakub and Soedirman as new board members
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has appointed Tan Sri Zarinah Anwar, Datuk Dr. Awang Adek Hussin, Datuk Dr. Mohd Yaakub Johari and Soedirman Aini as new members of the board of directors.
Sarawak Consolidated gains from Pan Borneo Highway
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) has secured contracts worth some RM30mil for the supply of precast concrete products to a majority of the 11 construction work packages under the Pan Borneo Highway project.
Trading ideas: CIMB, HeiTech, Cypark, Persona, SMTrack
KUALA LUMPUR: CIMB Group, HeiTech Padu,Cypark Resources, Persona Metro and SMTrack are among the stocks which could see trading interest on Tuesday after recent corporate news, says JF Apex Research.
KLCI off to cautious start for 2017 as Maybank, Axiata weigh
KUALA LUMPUR: The stock market got off to a cautious start for 2017 on Tuesday as the FBM KLCI slumped more than six points, weighed down by losses in Malayan Banking and Axiata Group.
AmInvestment retains Buy on CIMB as more upside seen
KUALA LUMPUR: AmInvestment Research is keeping its Buy call on CIMB Group Holdings after it announced the sale of its entire stake in a Chinese banks for RM972mil..
Cypark remains an Add for CIMB Research
KUALA LUMPUR: CIMB Equities Research is maintaining its Add for Cypark Resources after its core earnings beat its estimates while the completion of the waste-to-energy (WTE) plant by end-2017 is the key potential re-rating catalyst.
