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Publicis to buy Epsilon for US$4.4bil

LONDON: Publicis Groupe SA will pay US$4.4bil in cash to acquire Alliance Data Systems Corp’s marketing unit Epsilon, as the French advertising group seeks to deepen its digital expertise and expand in the US.

Property Premium

Paramount remains resilient in a challenging market

IT has been a tough couple of years for the property market, with developers seeing declines in revenue and sales.

Corporate News

TNB posts first quarterly loss in more than seven years

KUALA LUMPUR: Tenaga Nasional Bhd posted its first quarterly loss in more than seven years on higher operating cost and increased impairment of financial instruments.


Maybank net profit hits record high

KUALA LUMPUR: Malayan Banking Bhd’s (Maybank) total loan growth expanded at a faster rate in the financial year ended Dec 31, 2018 (FY18), lifting the bank’s net profit to a new record high of RM8.11bil.

Business Premium

UEM Edgenta attracts local and foreign suitors

KHAZANAH Nasional Bhd’s majority-controlled UEM Edgenta Bhd has attracted a number of suitors, both local and foreign, sources says.


Sluggish growth seen for tech sector

PETALING JAYA: Growth may return to the beleaguered technology sector: but only sluggishly, according to one research house that sees the present downcycle for the sector as just the beginning.


Suncon 'buy', Matrix 'buy', building materials 'underweight'

AFFINHWANG analysts believe Sunway Construction (Suncon) is more resilient than most of its peers as it is in a net cash position (RM0.25/share), has an asset-light model (not involved in the property business), integrated construction capabilities and is competitive in open tenders with its excellent track record.

Business Premium

TM ready for a re-rating?

Group may be excluded from FBM KLCI as it has experienced huge drop in market cap


Alliance Bank Q2 net profit of RM140.5mil highest in three years

PETALING JAYA: Alliance Bank Malaysia Bhd’s net profit of RM140.52mil in the second quarter ended Sept 30 is its highest in three years.


Alliance Bank Q2 net profit of RM140.5m highest in 3 years

KUALA LUMPUR: Alliance Bank Bhd's net profit of RM140.52mil in the second quarter ended Sept 30, 2018 was the highest in three years.