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KUALA LUMPUR: Sunway Bhd earned RM154.36mil in the second quarter ended June 30, 2016, down 35% from a year earlier mainly due to share of lower fair value gains from the annual revaluation exercise done on Sunway REIT properties.
KUALA LUMPUR: AMMB Holdings Bhd posted lower earnings of RM323mil in the first quarter ended June 30, 2016, following a decline in net interest income, Islamic banking business and income from its insurance business when compared to a year ago but this was an improvement from the preceding quarter.
KUALA LUMPUR: CIMB Equities Research is retaining its Hold call for Inari Amertron with a lower target price of RM1.40 compared with its earlier RM1.60.
PETALING JAYA: Plantation group IOI Corp Bhd’s third-quarter net profit to end-March plunged 88.1% to RM245.8mil from RM2.1bil a year ago, on the absence of disposal gains during the period.
KUALA LUMPUR: Sime Darby Plantation Bhd's net profit fell by 70% in the second quarter ended Dec 31, 2018 to RM129mil from RM429mil a year ago, impacted by lower average crude palm oil (CPO) and palm kernel (PK) prices.
KUALA LUMPUR: IOI Corporation Bhd's net profit fell 68% in the second quarter ended Dec 31, 2018 due to lower operating profit and net foreign currency translation loss on foreign currency denominated borrowings and deposits .
KUALA LUMPUR: The ringgit was lower against the US dollar early Thursday as declining global oil prices hampered buying sentiment towards the ringgit..
KUALA LUMPUR: CIMB Equities Research is retaining its add call for Dagang NeXchange (DNex) but with a lower target price (TP) of 53 sen compared with its earlier 64 sen after it revised its earnings outlook.