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KUALA LUMPUR: The former chief executive officer of TH Heavy Engineering Bhd has been ordered to enter his defence to four counts of involvement in money-laundering and five counts of criminal breach of trust (CBT).
KUALA LUMPUR: Luxchem Corp Bhd, Lotte Chemical Titan Holding Bhd, Yinson Holdings Bhd, Censof Holdings Bhd and Bintulu Port Holdings Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.
Associate company takes over RM3.37bil project originally awarded to THHE
KUALA LUMPUR: Yinson Holdings Bhd is expecting to finalise the novation agreement of the Layang field in Block SK10 of Sarawak by mid-February.
MRCB-Quill REIT (MQREIT) reported revenue of RM44.7mil and normalised net profit of RM21.5mil in the fourth quarter of financial year 2017 (Q4’17). This brings 2017 revenue to RM180.1mil and normalised net profit to RM88.1mil.
KUALA LUMPUR: AmInvest Research is maintaining its Buy call on oil and gas services company Yinson Holdings with a higher sum-of parts (SOP) fair value of RM5.05 share from an earlier RM4.50.
KUALA LUMPUR: CIMB Equities Research is retaining its Add for Yinson Holdings Bhd with a slightly lower target price of RM4.81 as it has deducted the perpetual securities from its sum-of-parts valuation as it had previously treated it as equity.
KUALA LUMPUR: Maybank Investment Bank Research expect Yinson Holdings’ 9MFY1/18 results, due this month, to yield minimal surprises.
PETALING JAYA: Yinson Holdings Bhd’s associate Yinson Energy Sdn Bhd has filed an affidavit with the High Court in connection with TH Heavy Engineering Bhd’s (THHE) application to the High Court under Section 368 (4) of the Companies Act 2016 for leave to novate the contract for the provision of engineering, procurement, construction, installation and commissioning (EPCIC), and leasing for the Layang floating production, storage and offloading (FPSO) facilities.