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Petronas Dagangan’s profit boosted by higher selling prices
KUALA LUMPUR: Petronas Dagangan Bhd (PetDag) posted a 14% jump in second-quarter (Q2) earnings to RM246.04mil despite selling lower volumes. bolstered by the higher average selling prices.
Credit negative on Noble's profit warning
Moody's Investors Services latest Credit Outlook says Noble Group Ltd's profit warning indicates a credit negative for the commodities giant.
Wanda reins in theme park and hotel drive
China property giant selling tourism projects to Sunac for US$9.3bil
China’s Wanda steps back from theme park, hotel drive with US$9.3b Sunac deal
HONG KONG: Dalian Wanda Group said it would sell Chinese tourism projects and hotels to Sunac China for US$9.3 billion, marking a step back for the property giant from its theme park ambitions.
Heveaboard 'buy', Sime Darby 'sell', Chin Hin 'outperform', Allianz 'buy'
HLIB Research said the switch in consumption trend for furniture products, coupled with the declining supply of tropical log wood, bodes well for processed wood products, including particleboard and ready-to-assemble (RTA) furnitures, thanks to their competitive cost structure and pricing.
Investors eyeing HK told to look at firms with asset disposal plans
INVESTORS eyeing Hong Kong property stocks should look at companies with asset disposal plans, according to CIMB Research.
Pharmaniaga 'neutral', Matrix Concepts 'market perform', Dialog 'buy'
Pharmaniaga’s first quarter 2017 earnings came in at RM18.9mil, which MIDF Research said was within estimates.
Shell's profit surges as oil sector rebounds
LONDON: Royal Dutch Shell said net profit more than doubled in the first quarter, joining its peers in beating analyst forecasts as rebounding oil prices and refining margins lifted revenue after a near three-year downturn.
Strategic investors to take up 10% of new WCT shares: AmInvestment
KUALA LUMPUR: AmInvestment Research is retaining its Hold call for WCT, its forecasts and also fair value of RM1.86 after meeting with WCT’s new management after the recent takeover by Tan Sri Desmond Lim.
EKA Noodles to close flagship plant in Baling
PETALING JAYA: EKA Noodles Bhd has decided to close its flagship rice and sago sticks (vermicelli) manufacturing plant in Baling, Kedah, and cease its operations by the middle of next week.
