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SHANGHAI: Executives of Chinese developers including Shimao Property Holdings Ltd and Glorious Property Holdings Ltd are buying the most stock in their companies since at least 2008, betting the government will ease curbs on the property market that had depressed the shares.
THE prevailing bearish sentiment is expected to continue this week with a high probability of the FTSE Bursa Malaysia KLCI (FBM KLCI) pulling back to 1,430-1,420 support levels.
KUALA LUMPUR: Bumi Armada Bhd, via its subsidiary Armada TGT Ltd, has signed loan agreements worth US$341.1mil (RM1.08bil) with seven banks to fund the conversion, installation and deployment of its floating production, storage and offloading (FPSO) vessel Armada TGT 1 in Vietnam.
SINGAPORE, Dec 6 (Reuters) Asian stocks and the euro dipped on Tuesday after ratings agency Standard amp; Poor's warned it might downgrade euro zone countries en masse, piling pressure on European leaders ahead of a summit later this week.
PETALING JAYA: Bumi Armada Bhd was the second most actively traded stock on Bursa Malaysia yesterday, hitting a near four-month high of RM4.22 although selling pressure pushed it back to RM4.04 in Wednesday#8217;s close.
KUALA LUMPUR: Offshore oil and gas service provider Bumi Armada Bhd recorded a 7.49% lower third-quarter net profit of RM92.57mil compared to a year ago on the back of 22.8% higher revenue of RM403.92mil, due to higher depreciation cost, interest charge and tax expense arising from its operations.
PETALING JAYA:b/b>Buoyed by overnight gains on Wall Street, Bursa Malaysia once again resumed its uptrend after its 25-point correction on Tuesday.