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KLCI surges past 1,700 as ringgit rallies
KUALA LUMPUR: Malaysia’s blue chips climbed in early Friday trade, powered by Petronas stocks and banks, following the firm overnight close on Wall Street as the ringgit rallied.
AirAsia in focus on privatisation talk, oil stocks rally
KUALA LUMPUR: AirAsia was in focus on Wednesday on news that the founders were sounding out investors to take the company private in a management-led buyout while oil and gas stocks climbed following the overnight jump in crude oil prices.
Deleum to buy remaining 20% of subsidiary
PETALING JAYA: Oil and gas (O&G) services provider Deleum Bhd is buying the remaining 20% stake in its indirect subsidiary, Delcom Holdings Sdn Bhd, for RM3.17mil.
SapuraKencana leads oil and gas stocks higher
KUALA LUMPUR: Oil and gas heavyweight SapuraKencana Petroleum led oil and gas-related counters including Bumi Armada higher in early Thursday trade after the overnight surge in crude oil price.
Deleum maintained at Hold with lower target price
KUALA LUMPUR: Alliance DBS Research is retaining its Hold recommendation for Deleum Bhd, an oil and gas services provider, with a target price of RM1.60.
Deleum reports lower Q4 earnings
PETALING JAYA: Deleum Bhd, a provider of specialised products and services to the oil and gas industry, posted a 34.2% fall in fourth-quarter net profit to RM11.03ml from RM16.79mil a year earlier.
KLCI opens lower, AirAsia ekes out small gains
KUALA LUMPUR: Bursa Malaysia was in the red in early Tuesday trade amid some profit taking on IOI Corp and Genting Malaysia but low-cost carrier AirAsia managed to eke out some gains after falling sharply the previous day.
Deleum unit gets Petronas Carigali job
KUALA LUMPUR: Deleum Bhd's unit Deleum Primera Sdn Bhd has clinched an award from Petronas Carigali Sdn Bhd on Nov 18 for the provision of painting and alternative blasting.
