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Indonesian rubber group tells members to set US$1.50 per kg floor price

JAKARTA: Indonesia's main rubber group is seeking to put a floor under prices at $1.50/kg as the world's No.2 producer looks to support a market that has plunged more than 30 percent so far this year. Shanghai and Tokyo rubber futures are struggling near multi-year lows, hurt by worries about China's economy and Thailand's plan to sell its 200,000-tonne stockpile of the commodity.

Reach Energy posts net loss of RM26mil

PETALING JAYA: Special-purpose acquisition company (SPAC) Reach Energy Bhd recorded a net loss of RM25.82mil for its fourth quarter ended July 31 due to significant operating expense accruals of listing expenses amounting to RM24.02mil.

Trading ideas: Freight Management, Tomei, Iris, Samudra, YTL Corp

KUALA LUMPUR: JF Apex Research expects Freight Management, Tomei, Iris and Kejuruteraan Samudra Timur to be among the stocks which could see trading interest on Friday.

Muhibbah stays at ‘hold’, OCK 'buy', MBM 'buy'

ALLIANCE DBS Research has maintained its “hold” call on Muhibbah Engineering, saying it was cautious of the company’s thinning orderbook balance. The research house said more job wins were needed to provide a comfortable degree of earnings visibility.

‘Hold’ call on Axiata, 'overweight' on Scomi Energy

AXIATA Group Bhd’s 66%-owned Indonesian-listed subsidiary, XL Axiata (has entered into an agreement with PT Solusi Tunas PratamaTbk (STP) for the sale of its 3,500 towers for about RM1.5bil cash, said AllianceDBS Research.

Travel retailer opens outlet in klia2

TRAVELLERS departing from the KL International Airport 2 (klia2) will now be able to get their gift and travelling needs under one roof, with the opening of Heinemann Asia Pacific’s be Duty Free store.

'Buy' for Ta Ann and UMW O&G, 'underperform' for Zhulian

Ta Ann Holdings Bhd’s log production for first eight months of 2014 surged 28.1% year-on-year (y-o-y) to 338,061 cu m, according to Affin Hwang Capital. It said the improvement was partly attributed to better weather conditions, which have helped to increase the log supply.

MAHB to make overseas forays

MALAYSIA Airports Holdings Bhd (MAHB) plans to make “meaningful” forays overseas as it expands its footprint abroad.

'Another tough year ahead for Thai tourism if martial law stays'

Thailand's tourism industry is expected to face another tough year if the government maintains martial law, the head of the Tourism Council of Thailand said yesterday

Enter Kronologi Asia

We have barely seen the emergence of any new ACE Market listings this year, in keeping with the jaundiced perception of these companies of late.