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SP Setia 'outperform', Petra Energy 'outperform', Kimlun 'hold'

SP Setia’s core earnings of RM101mil for the first quarter ended Jan 31, 2015 was broadly in line although it only made up 17% of street’s full-year estimates and 22% of Kenanga Research, according to the research house.

LPI to focus on organic growth

KUALA LUMPUR: LPI Capital Bhd is aiming at organic growth for its businesses in Malaysia, Cambodia and Singapore, according to its chief executive officer Tan Kok Guan.

Prasarana wants to hear stakeholders’ thoughts on proposed project

PRASARANA Malaysia Bhd is seeking the involvement of the public in the proposed third Light Rail Transit (LRT3) from Bandar Utama to Johan Setia by viewing the Detailed Environmental Impact Assessment (DEIA) Report.

AmResearch maintains Buy on Sarawak Cable

KUALA LUMPUR: AmResearch is maintaining its Buy recommendation for Sarawak Cable with an unchanged sum-of-parts based fair value of RM1.70 a share, which implies an FY15F PE of 8.5 times.

Pressure easing on ringgit

PETALING JAYA: The ringgit is not likely to weaken much even if the fiscal budget deficit target of 3% is not met, owing to a revision in Budget 2015.

Sarawak Cable poised to secure TNB jobs

THE completion of Sarawak Cable Bhd’s consolidation of the newly-acquired Universal Cable (M) Bhd and Leader Cable Industries Bhd last month had been approved by shareholders at an EGM on Dec 13 last year.

AmResearch maintains Buy on Sarawak Cable

KUALA LUMPUR: AmResearch has maintained its Buy call on Sarawak Cable Bhd with an unchanged SOP-based fair value of RM1.70/share.

Former Rapid KL head of operations to lead Prasarana Group

KUALA LUMPUR: The former Head of Rapid KL rail operations, Azmi bin Abdul Aziz, will return to Prasarana Malaysia Bhd (Prasarana) as group managing director, effective Jan 1, 2015.

Kay Hock: Judge us by our track record

George Kent chairman breaks silence on why and how company broke into the competitive rail business.

LRT3 tender calling in 1 to 3 months

PETALING JAYA: Prasarana Malaysia Bhd is proposing that the recently announced RM9bil light rail transit line three (LRT 3) to be developed on a project delivery partner (PDP) concept and it will call for tender for that position in one to three months, says group managing director Datuk Seri Shahril Mokhtar.