Maybank IB retains ‘buy’ call on Litrak

PETALING JAYA: Maybank Investment Bank Research (Maybank IB) is retaining its “buy” call on highway operator Lingkaran Trans Kota (Litrak) despite cutting traffic forecasts, which led to lower earnings forecasts and the discounted cashflow target price (TP).

Maybank IB Research retains Buy on Litrak

KUALA LUMPUR: Maybank Investment Bank Research is retaining its Buy call on highway operator Lingkaran Trans Kota (Litrak) after cutting traffic forecasts which led to lower earnings forecasts and discounted cashflow target price (TP).

Destini to work harder to win contracts

PETALING JAYA: Destini Bhd may have won two contracts recently but the jobs would not move the needle much even though it plans to work harder to win more contracts in the future, CGS-CIMB Research said in a note

Protasco unit disposes of JB land for RM16.72mil

KUALA LUMPUR: Protasco Bhd's unit Sun Rock Development Sdn Bhd has entered into a contract to dispose of three pieces of commercial land to NSK Property Sdn Bhd for RM16.72mil cash.

How to deal with a sudden cash crunch

AN unexpected cash crunch situation could be a common scenario for a growing number of people even as the country attempts to get past and stay ahead of the Covid-19 economic impact.

Europe’s next big rescue idea: Public stakes in small firms

AirAsia get banks’ nod for RM1b funding

KUALA LUMPUR: AirAsia Group Bhd, which plans to shore up its liquidity to ensure sufficient cashflow, has received support from certain financial institutions for its funding request of more than RM1bil.

Maybank, CGC launch SME clean loan/financing plus

KUALA LUMPUR: Malayan Banking Bhd and Credit Guarantee Corporation (CGC) have allocated RM1bil for their joint SME Clean Loan/Financing Plus to help small and medium enterprises (SMEs) in the cashflow management after months of disruption to their business.

AirAsia taking steps to weather financial crunch

Ernst & Young raises concerns about financial statements

Spotlight on loan moratorium

FOR 35-year-old Sam, who works as an engineer in the aviation sector, the past few months have been distressing to say the least.