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Markets Premium

Comeback sunny side up

AMONG the biggest and most awaited initial public offerings (IPOs) this year, Leong Hup International Bhd is likely to be valued at around 16 times its forward earnings – significantly lower than the figure initially rumoured, according to sources.

Corporate News

KFC owner defies China slowdown with robot servers

SHANGHAI: KFC’s owner in China is pushing ahead with expansion plans, opening two stores a day in the world’s biggest consumer market and banking on technology to help it cut costs, even as carmakers and industrial companies signal demand there is deteriorating.

TECH

Yum China banks on robot servers, AI menus to defy slowdown

KFC’s owner in China is pushing ahead with expansion plans, opening two stores a day in the world’s biggest consumer market and banking on technology to help it cut costs, even as carmakers and industrial companies signal demand there is deteriorating.

Business

QSR to turn oil waste into biofuel

KUALA LUMPUR: QSR Brands (M) Holdings Bhd, the operator of KFC and Pizza Hut restaurants, has signed a memorandum of agreement (MoA) with fuel conversion company FatHopes Energy Sdn Bhd to deploy sustainable practices and eco-friendliness in its operations by processing cooking oil waste into biofuel.

Corporate News

QSR Brands on track for relisting on Bursa by first half of this year

KUALA LUMPUR: QSR Brands (M) Holdings Bhd is on track to return to Bursa Malaysia by the first half of 2019 (1H19). Managing director Datuk Seri Mohamed Azahari Kamil said the company was currently finalising its document.

TECH

FedEx to test 'SameDay Bot' for local deliveries

Global courier service FedEx on Feb 27 announced plans to test a "SameDay Bot" autonomous delivery device designed to carry purchases from retail shops to local customers.

Corporate News

QSR Brands presses ahead with IPO target

KUALA LUMPUR (Bernama) : QSR Brands (M) Holdings Bhd is on track to return to Bursa Malaysia by the first half of 2019 (1H19).

TECH

FedEx partners with Walmart, Pizza Hut to test last-mile delivery robot

FedEx Corp this summer plans to begin testing a robot to handle home deliveries for partners ranging from Walmart Inc to Pizza Hut.

Business Premium

Poultry stocks on the rise

A RISE in prices of poultry and eggs has brought attention on listed companies in the sector.

Business Premium

What ails the IPO market

INITIAL public offerings (IPOs) on the local bourse are increasingly losing their shine.