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IT’S not often that we get a David vs Goliath battle in corporate Malaysia and, more interestingly, when the two companies are friendly parties.
PETALING JAYA: Agri-food and poultry giant QL Resources Bhd, unhappy after its representative failed to get reappointed to the board of Lay Hong Bhd, has mounted a takeover of the rest of the shares it does not own in the latter.
KUALA LUMPUR: London Biscuits Bhd has proposed to place out 16.35 million shares or 10% of its paid-up at an indicative price of RM1 a share.
Serdang-based company hopes to focus on pushing up profit margins but has to deal with huge debt first
KHEE San Bhd, a subsidiary of London Biscuits Bhd (LBB), is at the end of its heavy capex investment cycle but could it be that its struggle is only just beginning?
BERJAYA Sports Toto fell to a nine-month low of RM3.82 last Friday before staging a small rebound in the wake of light bargain-hunting interest. Technically, prices are likely to extend recovery due to very oversold condition, but the upside potential may be capped at the RM4.10 barrier. A slip below the RM3.80 floor will drag prices down to the RM3.65 level.
AMMB Holdings set a new record of RM8.02 amid follow-through buying momentum. For now, all the short-term indicators remain positive, implying prices may sustain the upward thrust deeper into unknown territory on bullish extended-mode. Initial support is pegged at the 14-day simple moving average of RM7.78.