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Sasbadi’s Q3 earnings down

KUALA LUMPUR: Sasbadi Holdings Bhd’s net profit fell 33.3% to RM2.56mil in the third quarter ended May 31, 2017 against RM3.84mil a year ago, mainly due to the drop in revenue, coupled with higher operating costs.

Sasbadi to buy remaining stake

KUALA LUMPUR: Sasbadi Holdings Bhd has proposed to acquire the remaining 30% stake in Sanjung Unggul Sdn Bhd from Law En Tzer for RM9.4mil, it said in a filing with Bursa Malaysia.

Penang team clinches top prize at robotics competition

TWELVE students from different schools in Penang who teamed up and called themselves “Assassins Penang”, emerged as the overall champion of the First Lego League (FLL) Malaysia 2017 with their invention of a robotic virtual light barrier to prevent bird strikes from causing aviation accidents.

Blue chips dip early Wednesday, Maxis extends decline

KUALA LUMPUR: Blue chips fell early Wednesday as the FBM KLCI extended its decline on llosses by Maxis, MISC and Petronas Dagangan.

Bookstore chain holds school holiday sale

MPH Bookstores is having a 20% discount sale on children’s books, international school syllabus, revision books, stationery, toys and games as well as gift items until June 11. The store is also offering up to 50% off on selected items.

Good deals on books and gifts for the young

For two weeks, MPH Bookstores will be having discounts on all children’s books, international school syllabus, revision books, stationery, toys and games, gift items, and other selected items.

Aeon 'buy', Sasbadi 'buy', Globetronics 'neutral', Nestle 'hold'

AEON Credit reported commendable 2017 (financial year ended February) results with net profit of RM265mil. RHB Research noted that the full-year earnings have beaten its and consensus’ expectations, making up 106% of the research house’s and 107% of consensus’ estimates.

Trading Ideas: Allianz Malaysia, 7-Eleven, Hong Leong Industries

KUALA LUMPUR: Allianz Malaysia, 7-Eleven, Hong Leong Industries and United Plantations are some of the stocks which could see trading interest on Wednesday after their corporate announcements, according to JF Apex Research.

Minimal impact from school textbook contracts for Sasbadi

KUALA LUMPUR: Sasbadi Holdings Bhd’s latest contracts win worth RM6.81mil by the Education Ministry, is expected to have minimal impact on its earnings, according to CIMB Research.

Trading ideas: Mudajaya, Suria Capital, MRCB, Ajiya

KUALA LUMPUR: JF Apex Research expects Mudajaya, Suria Capital, MRCB and Ajiya to be among the stocks to watch on Wednesday with the latest corporate news.