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PETALING JAYA: After wading through competitive pressures in recent months, Telekom Malaysia Bhd (TM) slipped into its first quarterly loss in 10 years due to huge impairments on its wireless and fixed network assets
KUALA Lumpur Kepong Bhd’s (KLK) core net profit (CNP) of RM892mil for the financial year of 2018 (FY18) was broadly within Kenanga Research’s forecast at 95%, although it fell by 17% year-on-year.
PETALING JAYA: It would be financially feasible should tycoon Tan Sri Ananda Krishnan, Khazanah Nasional Bhd, and bumiputra foundations decide to take Astro Malaysia Holdings Bhd private again, at a share price of up to RM2.
IT was in February last year when Tan Sri Francis Lau Tuang Nguang – dubbed the “chicken king” – first revealed to StarBiz his plan to relist the company his family co-founded – Leong Hup International Bhd – by 2019 or 2020.
KUALA LUMPUR: CIMB Equities Research is retaining its target price of RM18.10 for Petronas Gas and also the hold call as it sees earnings risk beyond 2018 due to the Third Party Access’s (TPA) tariff revision.
INTERNET management services provider MyEG’s net cash level is expected to drop from RM36.8mil to RM1.4mil after the group’s acquisition of 45-sq-ft commercial space at the podium level below MyEG Tower at Empire City for RM35.4mil cash.
KUALA LUMPUR: S&P Global Ratings has revised its assessment of Public Bank’s stand-alone credit profile higher at 'a', from 'a-' previously, based on its strong risk management capabilitie