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Business

Bullish outlook for SapuraCrest

Analysts are bullish on SapuraCrest Petroleum Bhd's outlook following the strong earnings it registered for the first half ended July 31.

Business

Maybulk share price down on falling shipping rates

Falling shipping rates continued to weigh down on Malaysian Bulk Carriers Bhd's (Maybulk) share price yesterday, with news of the company's plan to diversify into the oil and gas support services business failing to spark interest.

Business

Stronger US dollar bodes well for Wellcall

Rubber hose manufacturer Wellcall Holdings Bhd expects better profit margins in its fourth quarter ending Sept 30 given the strengthening US dollar against the ringgit and its increase in exports.

Business

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.

Business

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.

Business

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.

Business

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.

Business

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.

Business

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.

Business

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.