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E&O core earnings outlook raised on interest savings

PETALING JAYA: Eastern Oriental Bhd's (EO) core earnings projection have been raised on the back of significant interest savings following the conversion of its loan stocks into ordinary shares.


Massive selldown on Bursa set to pull down Q4 trading value

WITH Bursa Malaysia Bhd turning in an impressive set of results for its third quarter ended Sept 30, it still remains to be seen if equities and derivatives trading would meet revenue and profit expectations for the local stock exchange operator amid the current volatile economic environment.


The making of a global group

THE idea of floating the Felda group's commercial unit, Felda Holdings Bhd, has been yo-yoing between a yes and a no since it was mooted by then Prime Minister Tun Dr Mahathir Mohamad in his Budget 2004 speech.


Genting's US$3.8bil Resorts World Miami development moves forward

PETALING JAYA: The Genting group has taken another step forward in its US$3.8bil (RM11.94bil) Resorts World Miami development in Florida, the United States, after reaching a deal to take over the Omni Center, according to a report by the i>Miami Herald/i>.


Crude palm oil futures prices up on expected Indian demand

PETALING JAYA: Crude palm oil (CPO) futures on Bursa Malaysia rebounded and closed higher on expectations of positive exports, spurred by higher demand from India ahead of the Deepavali celebrations this month.


Short rally ends for glove makers

PETALING JAYA: Rubber gloves-related counters snapped their short rally on Bursa Malaysia and were among the top losers, as investors took profit and sold down the sector on fears higher raw material and energy costs will continue to weigh on the companies' earnings.


Gamuda net profit within expectation

PETALING JAYA: Gamuda Bhd's net profit of RM425.4mil for the financial year ending July 31 compared with RM322.9mil a year ago is within expectation, analysts said.


Consumer, services firms buck trend

ALTHOUGH FBM KLCI has borne the brunt of investor pessimism and external headwinds with the index falling almost 300 points from its near 1,600 high to a low of 1,331.84, there are still counters bucking the trend and remain resilient against the prevailing negative sentiments.


Mixed reaction to PNB offer to acquire property developer SP Setia

PETALING JAYA: Research analysts are divided on whether investors should cash out on Permodalan Nasional Bhd's (PNB) offer to acquire property developer SP Setia Bhd's shares at RM3.90 per share and 91 sen per warrant.


Mixed market as investors remain wary of rebound

PETALING JAYA: While the bloodbath has subsided and more green was flooding back into some bourses, many remain wary of the market rebound, saying the undercurrent is still volatile. Starkly contrasting with the performance a day earlier, most Asian bourses traded slightly negative.