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UOB Kay Hian said that there appeared to be pent-up demand for the cinemas with long queues and large crowds in some cinemas in Klang Valley recently.
Brent crude futures jumped above $70 a barrel on Monday for the first time since the Covid-19 pandemic began.
EPF, Genting Malaysia, AirAsia, China’s Nine Dragons among summary of top stories last week
KUALA LUMPUR: The latest acquisition of MBO Cinemas by PPB Group Bhd will allow the group to diversify into new growth areas and expand its revenue streams.
KUALA LUMPUR: PPB Group Bhd plans to expand its grains and agribusiness segment especially its flour milling capacity in Malaysia and other countries in the region.
KUALA LUMPUR: PPB Group Bhd's cinema arm Golden Screen Cinemas’ (GSC) acquisition of the majority of MBO Cinemas' assets is expected to contribute towards a healthy cash flow and strengthen its leadership position in Malaysia.
KUALA LUMPUR: Blue chips edged higher in early Wednesday trade, underpinned by gains in PPB Group and Tenaga Nasional but buying interest was still limited.
Golden Screen Cinemas signs a deal to acquire the majority of cinema assets from operators of the former MBO cinema circuit.