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Second largest tobacco firm in Malaysia may cut 40% of workers
PETALING JAYA: The second largest tobacco company in the country will be undertaking a significant downsizing exercise, just two years after it shut down its manufacturing plant.
Trading ideas: Genting Malaysia, Pavilion REIT, Caring Pharmacy, Vitrox, CMMT and BAT
KUALA LUMPUR: Stocks to watch for on Monday according to JF Apex research include Genting Malaysia, Pavilion REIT, Caring Pharmacy, Vitrox, CMMT and BAT.
BAT profit takes a hit
PETALING JAYA: British American Tobacco (M) Bhd’s (BAT) profit in the third quarter has taken a hit, plunging by about a third, from a host of competitive pressures.
Trading ideas: Affin, Yong Tai, Destini, YFG, JHM
KUALA LUMPUR: Affin Holdings, Yong Tai, Destini, YGF and JHM are among the stocks which could see some trading interest on Friday, says JF Apex Research.
Price rise likely in 2017 upon expiry of control act
PETALING JAYA: Prices of some consumer products could likely rise next year although not too drastic upon the expiry of the price guidelines of the Price Control and Anti-Profiteering Act 2011 by the end of this month.
Tien Wah seals agreement to buy BAT's print materials supplier in Indonesia
UALA LUMPUR: Tien Wah Press Holdings Bhd’s subsidiary Max Ease International Ltd on Thursday signed an agreement to acquire PT Bintang Pesona Jagat that would make the Tien Wah group the exclusive provider of print supplies to the British American Tobacco group in Indonesia for six years starting Jan 1, 2017.
Tien Wah to buy BAT unit in Indonesia
PETALING JAYA: Tien Wah Press Holdings Bhd has been awarded a tender by the British American Tobacco (BAT) group in Indonesia entitling it to buy a BAT group member involved in printing and, along with that, a six-year contract to supply packaging materials.
Tien Wah set to provide services to BAT group in Indonesia
KUALA LUMPUR: Tien Wah Press Holdings Bhd has been awarded a tender by the British American Tobacco (BAT) group in Indonesia entitling it to buy a BAT group member involved in printing and, along with that, to clinch a six-year contract to supply packaging materials.
BAT sells factory in PJ to LGB Properties for RM218mil
PETALING JAYA: British American Tobacco (M) Bhd (BAT Malaysia) is selling its landmark cigarette factory in Petaling Jaya for RM218mil to LGB Properties (M) Sdn Bhd as the group winds down its manufacturing business in the country. The buyer for the site was selected via a public tender exercise.
Stoel returns to BAT Malaysia to assume MD role
KUALA LUMPUR: British American Tobacco (M) Bhd (BAT Malaysia) has appointed Hendrik Stoel as managing director effective June 1, succeeding Stefano Clini who tendered his resignation on May 3.
