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Business

KLCI’s advance takes it near key 1,800

KUALA LUMPUR: Telekom Malaysia Bhd, Genting Bhd and Tenaga Nasional Bhd (TNB) closed higher on Friday and drew the FBM KLCI closer to the 1,800 psychological-level.

Metro News

Foundation raises RM250,000 for needy and schoolchildren

DESPITE tough conditions, the 40-year-old Tun Sardon Foundation managed to raise RM250,000 for charity this year.

Business

Izzaddin resigns as UEM Sunrise director

Move comes following completion of his contract at holding company

Analyst Reports

RHB initiates coverage on UEM Edgenta with buy rating, TP of RM3.22

KUALA LUMPUR: UEM Edgenta Bhd is set for growth on a steady inflow of new jobs from the growing integrated facilities management (IFM) market given the group's offerings across the healthcare and real estate sectors.

Business

CIMB Research maintains Add for AWC, TP RM1.26

KUALA LUMPUR: CIMB Equities Research is maintaining its add call for AWC Bhd with a target price of RM1.26 due to its lower price-to-earnings ratio (PER), health balance sheet and strong earnings prospects.

Business Premium

Companies likely to see changes in shareholding

THE reduction of its stake in healthcare services provider, IHH Healthcare Bhd, is just the beginning of Khazanah Nasional Bhd’s divestment initiative under the new management.

Business Premium

Journey begins for Khazanah 3.0

Sovereign wealth fund poised to reduce its stake in several listed companies and dispose of some unlisted entities as it shifts focus to domestic-oriented businesses.

Business

Former Khazanah ED Shahazwan joins robo-advisory startup Stashaway

PETALING JAYA: Former executive director of investments at Khazanah Nasional Bhd, Mohd Shahazwan Mohd Harris, has joined startup Stashaway, an investment advisory platform or more famously referred to as a robo-advisor.

Corporate News

Proton taps UEM Edgenta expertise for energy savings

KUALA LUMPUR: National car maker Proton has engaged UEM Edgenta Bhd to manage and implement its energy efficiency initiatives, the Energy Performance Contract (EPC), at two of its facilities over a period of seven years.

Business Premium

UEM Edgenta attracts local and foreign suitors

KHAZANAH Nasional Bhd’s majority-controlled UEM Edgenta Bhd has attracted a number of suitors, both local and foreign, sources says.