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OSK Holdings Bhd yesterday reported a 45% increase in pre-tax profit to RM40.7mil for the first quarter ended March 31 compared with RM28.1mil in the previous corresponding quarter.
Buying support for select heavyweight stocks helped the Kuala Lumpur Composite Index (KLCI) recover slightly Tuesday after falling for eight consecutive trading days.
Hong Leong Assurance Bhd (HLA) expects its latest single premium investment-linked fund, HLA Capital Guaranteed Fund 1, to bring in RM50mil in gross premiums at the close of the fund's offer period.
MOVING into higher-end residential developments will spur greater growth for OSK Property Holdings Bhd. The company is eyeing a bigger stake in the niche market,especially in the Klang Valley. Executive director-cum-chief operating officer Gerard Tan shares his plans for the company and his outlook for the market with StarBizassistant news editor ANGIE NG.
Malaysia Airports Holdings Bhd (MAHB) was the worst hit among the 14 stocks that Morgan Stanley Capital International (MSCI) said it was removing from its Malaysian index effective the end of this month.
With the ringgit's gradual strengthening against the greenback having been given a fair share of media coverage in recent weeks, one could ask what this development means for Malaysia, particularly from an economic or corporate point of view.