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KLCI bucks Asian markets, Tenaga and Sime Darby Plantation up

KUALA LUMPUR: Some fund buying of selected blue chips including Tenaga Nasional Bhd and Sime Darby Plantation on Thursday enable the FBM KLCI to buck the regional trend.


KLCI ends on a merry note

KUALA LUMPUR: Share prices on Bursa Malaysia closed on a merry note on Christmas Eve as the benchmarck index rose 0.81%, spurred by year-end window-dressing on heavyweight counters.

Corporate News

SDP appoints Helmy as deputy to MD

PETALING JAYA: Sime Darby Plantation Bhd (SDP) has announced the appointment of Mohamad Helmy Othman Basha (pic) as deputy to the managing director (MD), effective Jan 1.


Affin Hwang Research retains Neutral on plantations

KUALA LUMPUR: Affin Hwang Capital Research is maintaining its “neutral” rating on the plantation sector with Ta Ann Holdings Bhd as its top picks.

Corporate News

Sime Darby Plantation streamlines minimum wage across Malaysian operations

KUALA LUMPUR: Sime Darby Plantation Bhd has raised the minimum wage of its workers in Sabah and Sarawak to RM1,000 per month in an effort to streamline its rate of minimum wage across the country.


Open burning not done in decades, says Sime Darby

PETALING JAYA: One of Malaysia’s biggest plantation companies reaffirms its zero-burning policy in its operations across Indonesia as haze from hotspots in Sumatra and Kalimantan blows into the country.

Analyst Reports

Trading ideas: PIE Industrial, MFM, Star Media, Pharmaniaga, CSC Steel

KUALA LUMPUR: PIE Industrial Bhd, Malayan Flour Mills Bhd (MFM), Star Media Group Bhd, Pharmaniaga Bhd and CSC Steel Holdings Bhd are among the stocks to watch on Monday, according to JF Apex Research.

Corporate News

Mohd Bakke is new MPOB chairman

KUALA LUMPUR: Tan Sri Mohd Bakke Salleh has been appointed as chairman of the Malaysian Palm Oil Board (MPOB) for a two-year term, effective July 31, 2018.


KL Plantation Index down to eight-year low

Commodity hit by plunging CPO prices, trade war sentiment


Weaker closing for KLCI as banks fall

KUALA LUMPUR: Selling of Public Bank Bhd, Maybank, CIMB and AmBank dragged the FBM KLCI into the red in the absence of strong catalyst to attract buying interest.