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MIDF sees Deleum maintaining dividend payout ratio
PETALING JAYA: Deleum Bhd has consistently been distributing about 50% of its net profit as dividend, giving the stock a potential dividend yield of more than 5%, said MIDF Research in its recent report.
MIDF initiates coverage on Deleum with buy call
KUALA LUMPUR: MIDF Research has initiated coverage on Deleum Bhd with a “buy” recommendation with a target price of RM1.36 per share.
MIDF Research positive on SapKen, Gas Malaysia, KNM
KUALA LUMPUR: MIDF Equities Research is maintaining its Buy call on SapuraKencana Petroleum, Gas Malaysia and KNM Group as it reviews its investment strategy for the oil and gas sector in Malaysia.
Deleum bidding for RM500m jobs
KUALA LUMPUR: Oil and gas services provider Deleum Bhd is bidding for new contracts worth up to RM500 million this year.
Support Line
COASTAL Contracts shares traded moderately above their six-year low of RM1.44 on Jan 21 amid bargain-hunting interest.
Dividend plays pay?
Shareholders still get returns, albeit at a slower pace, in the face current challenging times
Trading volume on Bursa surges over 40% to 3.4b shares
KUALA LUMPUR: Trading volume on Bursa Malaysia surged to 3.4 billion shares on Thursday, driven by penny stocks including Instaco, Hibiscus Petroleum, Genetec and EAH.
Maybank leads KLCI lower in early Tuesday trade
KUALA LUMPUR: Malaysia’s stock market followed key Asian bourses lower in early Tuesday trade with Maybank among the decliners as investors took profit after two weeks of gains.