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KUALA LUMPUR: London Biscuits Bhd, Petronas Dagangan Bhd, Boustead Heavy Industries Corp Bhd (BHIC) and DRB-Hicom Bhd are among the stocks to watch on Monday, according to JF Apex Research.
PETALING JAYA: Boustead Plantations Bhd has delivered a net profit of RM79.23mil for its second quarter ended June 30, compared with a net loss of RM22.24mil in the previous year’s corresponding quarter.
INCREASINGLY more companies are using perpetual securities as a means to raise funds. The papers are generally not rated and carry a high coupon rate, which makes it attractive to investors seeking higher yields.
WITH the market going into a corrective mode following rising uncertainties due to the US-China trade war, flight to safety has indeed been the theme since the beginning of the month as we saw global bond yields falling to levels depicting crisis like environment as central banks race to the bottom in cutting rates.
Business news in brief.
No more fundraising for Boustead?
PETALING JAYA: Boustead Plantations Bhd has announced the appointment of Datuk Syed Tamim Ansari Syed Mohamed, 71, as its chairman, effective Aug 1.
KUALA LUMPUR: Pharmaniaga Bhd announced on Friday its independent non-executive director Izzat Othman and non-independent non-executive director Fahmy Ismail will be leaving the group with effect from July 31.
PETALING JAYA: Pharmaceutical firm Pharmaniaga Bhd has appointed a new chairman and four new directors to its board effective July 17.
PETALING JAYA: Boustead Plantations Bhd has appointed new members to its board effective July 22.