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Mammoth IPO proposed for India’s biggest insurer
MUMBAI: Prime Minister Narendra Modi’s government surprised investors by saying it will sell part of its stake in the state-run behemoth Life Insurance Corp (LIC) of India to meet its record asset-sale target.
First the protest then came the virus
FOR years, the Malaysian government has been trying to dispose of the Malaysian consulate office in Hong Kong, which it had bought 40 years ago in 1980 for HK$212mil.
Sime Darby Property records RM3.1b sales in FY19, exceeds target
KUALA LUMPUR: Sime Darby Property Bhd achieved total sales of RM3.1bil in the financial year ended Dec 31, 2019 boosted by contributions from City of Elmina, Bandar Bukit Raja, Serenia City, Putra Heights, KL East and Cantara Residences.
CGS-CIMB Research keeps Add for Sime Darby Property but lower TP
KUALA LUMPUR: CGS-CIMB Equities Research is retaining its Add recommendation for Sime Darby Property due to its solid balance sheet and stronger sales momentum but lowered the target price.
Developers have mixed views on property sector’s outlook in 2020
WITH the final reporting season for 2019 just concluded, most developers were able to provide guidance to investors on the outlook for the local property sector in 2020.
Pos Malaysia could see earnings turnaround in 2020
KUALA LUMPUR: Pos Malaysia Bhd may be set for an earnings turnaround in 2020 following a commercial postal rate revision to lift its postal segment's profitability.
BIMB placement only when market is conducive
PETALING JAYA: BIMB Holdings Bhd’s private placement to raise RM800mil, which it plans to undertake as part of a group-wide restructuring, will now take place when the market improves
PNB to diversify portfolio, expand global exposure to 30% by 2022
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) will tactically increase its investments global to 30% by 2022, from its current global exposure of 8.5% as of end-2019 following the conclusion of its Mid-Term Review.
Asset-rich Insas makes cash call
One of the key concerns is on the take-up rate of the exercise
Boustead Holdings unveils three-year transformation plan
KUALA LUMPUR: Boustead Holdings Bhd had on Friday unveiled its transformation plan to drive the group forward for the next three years.