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PETALING JAYA: Petroliam Nasional Bhd (Petronas)-listed companies are best positioned to significantly raise dividends that will help the Government to fund the RM250bil Prihatin stimulus package, according to UOB Kay Hian Research.
KUALA LUMPUR: Petronas-listed firms are among the government-linked companies (GLCs) best positioned to significantly raise dividends while the others include MISC, Tenaga Nasional and RHB Bank.
HONG KONG: The coronavirus pandemic is hitting the cashflow of China Vanke, thanks to a drop of 51 billion yuan (US$7.3bil) in sales in February and March from a year ago, the nation’s second largest property developer by sales said yesterday.
PETALING JAYA: Tenaga Nasional Bhd (TNB) has reported a net profit of RM653.30mil for its fourth quarter ended Dec 31,2019, compared with a net loss of RM134.3mil in the previous corresponding period, driven mainly by lower impairments and positive contributions from its international subsidiaries.
KUALA LUMPUR: The challenging economic environment currently could only be a short-term volatility that Malaysia would be able to see through easily, thanks to the country’s strong fundamentals.
KUALA LUMPUR: Malayan Banking Bhd posted a record net profit of RM8.20bil in the financial year ended Dec 31,2019 (FY19), lifted a strong performance in the fourth quarter, compared with RM8.11bil in FY18.
PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) is keeping track of the coronavirus (Covid-19) outbreak and its impact on its overseas markets, notably in Hong Kong and China amid volatile raw material prices.
What next for Seacera, Westports poised expansion, All eyes on bank dividends,
PETALING JAYA: Alliance Bank Malaysia Bhd has reported a 17.79% dip in its net profit to RM115.52mil for the second quarter ended Sept 30 as compared with RM140.52mil a year ago on the back of higher net credit cost.
KUALA LUMPUR: Shares in Kawan Food Bhd fell over 7.6% in early trade Wednesday after the company’s net profit fell 64% in the third quarter ended Sept 30.