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Success beats forecast on strong demand

Success Transformer Corp Bhd's strong first half results were above expectations, thanks to continuing strong demand for transformers and industrial lighting equipment as well as process equipment, said analysts.


MMC's plan to buy Senai Airport poorly received by investors

MMC Corp Bhd's proposals to acquire Senai Airport Terminal Services Sdn Bhd (SATS) for RM1.95bil and general offer for Aliran Ihsan Resources Bhd (AIRB) at 90 sen a share were poorly received in the market yesterday.


Maybank up on purchase hiccup

The hiccup in Malayan Banking Bhd's (Maybank) RM8.8bil proposed acquisition of PT Bank Internasional Indonesia TBK (BII) went down well with the market yesterday with the stock surging close to a three-month high of RM7.90.


Rates: To raise or not to raise?

Economists say any interest rate hike by Bank Negara following today's policy meeting will be carried out in response to the current inflationary pressure and to counter the negative real rate of return.


No major change in car sales pattern

Despite talk of buyers cancelling bookings on new cars following the recent hike in fuel prices, a random survey showed no major change in sales patterns.


VSI expects new orders to boost earnings

Electronic manufacturing services provider VS Industry Bhd (VSI), which reported a 30.4% drop in revenue for the quarter ended Apr 30, expects earnings to pick up for the rest of the year on the back of new orders.


Analysts positive on Sime’s decision

Analysts are generally positive on Sime Darby Bhd's decision not to take up an equity stake in Sarawak Hidro Sdn Bhd that will be undertaking the undersea cable project.


Eng Kah gets 5 new MNC customers

Eng Kah Corp Bhd recently secured five new multinational (MNCs) customers from the US and Europe and established a presence in new markets.


Stock Watch

Eugene Maha;omham writes on Astra, Suria Corp and VisDynamics


Sime shines in transparency

Sime Darby Bhd is pushing the frontier to set higher standards in transparency and corporate governance via its stern action in sacking two senior executives said to be accountable for the RM120mil losses in futures trading at subsidiary Golden Jomalina Food Industries Sdn Bhd.