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KUALA LUMPUR: Singapore-based Luxasia Group, which recorded sales of over RM772mil last year, is eyeing partnership agreements with brand owners for a more sustainable business model.
KUALA LUMPUR: RHB Research has maintained its Buy call on Jaya Tiasa with a fair value of RM2.95 and believes the company’s plantation division could continue to be its main growth driver in the medium term, as higher CPO prices and strong FFB production growth may boost earnings contributions from this division to close to 50% in FY16.
KUALA LUMPUR: UMW Offshore Drilling Sdn Bhd, a unit of UMW Oil and Gas Corp Bhd (UMW-OG), has received a letter of award from Frontier Oil Corp for the provision of a jack-up rig and associated services for the KJF Field SC50 Block offshore Palawan in the Philippines worth RM64.09mil.