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SAPURA ENERGY BHD: PERMODALAN Nasional Bhd (PNB) is set to become Sapura’s largest shareholder with an equity stake of up to 40% (from 12% currently) following the completion of the group’s proposed renounceable rights issue of up to RM4bil
KUALA LUMPUR: Shares in VS Industry Bhd extended gains near the highest level in almost two months as investors shrugged off concerns about pricey valuation on hopes earnings growth will accelerate driven by new orders and improved margins.
BENGALURU: Mattel Inc’s quarterly sales missed analysts’ estimates on Wednesday, weighed down by the absence of a big movie tie-in in the quarter, while the liquidation of key customer Toys “R” Us continued to hurt the US toy maker.
HONG KONG: Within a chorus of warnings about the threats facing emerging markets, little is being said about the largest of them all.
FRASER & Neave Holdings Bhd (F&N) is expected to register a stronger bottom line in the second half of its financial year 2018 (FY18), mainly attributed to lower input costs.
THE ground is shaking. After the US slapped ZTE Corp with a seven-year ban on component purchases from American suppliers, no one knows how to value China’s technology hardware companies any more.
SINGAPORE: Venture Corp, which was Singapore’s best performing stock in 2018 until this week, has lost almost a third of its market value in just five days.