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Corporate News

Sime Darby Plantations 9M net profit up 93% to RM1.69b

KUALA LUMPUR: Sime Darby Plantations Bhd posted a 93% increase in net profit to RM1.69bil for the nine months ended March 31, 2018 due to stronger overall fresh fruit bunches (FFB) production, lower finance costs and non-recurring gains.


We'll build homes for lower income groups in Kuala Langat, says Ahmad Zahid

KUALA LANGAT: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has promised to build homes for the lower income group in Kuala Langat if Barisan Nasional regains Selangor.


Accounting compliance

Local planters need to fully comply with revised standards


KLCI slumps amid US tech pullback

KUALA LUMPUR: The local market slumped along with other Asian markets on the heels of the sharp pullback on Wall Street overnight as tech stocks were hit by concerns over tighter regulatory controls.

Metro News

Sabah seeking long-term solution to elephant encroachment issue

KOTA KINABALU: The state Tourism, Culture and Environ-ment Ministry is hoping to come up with a feasible long-term solution to solve ongoing elephant-human conflicts in Telupid district.

Analyst Reports

Trading ideas: Muhibbah Engineering, Gas Malaysia, Vivocom, SD Plantations

KUALA LUMPUR: JF Apex Research expects Muhibbah Engineering (M) Bhd, Gas Malaysia Bhd, Vivocom International Holdings Bhd, Sime Darby Plantations Bhd and Axiata Group Bhd to be among the stocks to watch on Friday.


Sime’s Africa ambitions stall pending new deforestation rules

KUALA LUMPUR: When Malaysia’s biggest plantation company Sime Darby Bhd leased 220,000 ha of lush forest in northwest Liberia in 2009, executives said they had found a much needed new frontier in global palm oil development.


KLCI stops above 1,800 at midday

KUALA LUMPUR: The local bourse continued to put on gains, rising 7.23 points to 1,800.23.

Analyst Reports

PublicInvest Research starts coverage of Sime Plantation with Neutral call

KUALA LUMPUR: PublicInvest Research has initiated coverage of Sime Darby Plantation with a Neutral call and a target price of RM5.68.


Ringgit rises to 16-month high, Bursa fails to hold gains

PETALING JAYA: Not surprisingly Bursa Malaysia failed to hold on to its gains generated during “window dressing” activities last week as it fell 14.11 points on the first day of trading in the new year. The stock market fell despite the ringgit rising to a 16-month high against the US dollar.