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PETALING JAYA: Tan Sri Halim Saad's RM1.62bil offer to buy QSR Brands Bhd's business failed to impress the market, prompting some investors yesterday to lock in gains on QSR shares and related companies KFC Holdings (M) Bhd (KFCH) and Kulim (M) Bhd amid worries that the proposed takeover may not go through.
PETALING JAYA: The appreciation of the ringgit against the US dollar, rising interest rate and redirection of funds are among the reasons that have triggered an increase in foreign buying of Malaysian Government Securities (MGS).
KUALA LUMPUR: Axiata Group Bhd may dispose of its 49% stake in Iran's Mobile Telecommunications Co of Esfahan (MTCE), a small mobile operator it acquired in 2005.
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to extend their upside trend this week, but gains could be limited due to profit-taking, dealers said.