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Business 08 Feb 2014 | 12:00 AM

UEM Sunrise, KLK in RM20bil joint Iskandar venture

KUALA LUMPUR: UEM Sunrise Bhd and Kuala Lumpur Kepong Bhd are pooling their resources to develop 1,215ha of each other’s landbank in Johor’s Iskandar Malaysia with a total gross development value of RM20bil.

Business 31 Jan 2014 | 12:00 AM

Kuala Lumpur Kepong sees 8%-10% growth in FFB output

KUALA LUMPUR Kepong Bhd’s management, according to PublicInvest Research, forecast 8% to 10% fresh fruit branches (FFB) production growth this year following an 11% year-on-year expansion in financial year 2013 (FY13). It said this meant FFB production of 3.89 million tonnes to 3.97 million tonnes for this year, which it added was higher than its earlier estimates of a 6% FFB production growth.

Business 22 Jan 2014 | 12:00 AM

M1 remains top pick for exposure to Singapore telco sector

RHB Research said M1’s fair value treatment on the iPhone had clearly worked in its favour, contributing to the higher earnings before interest, tax, depreciation and amortisation margin quarter-on-quarter

Business 13 Jan 2014 | 12:00 AM

Earnings boost for Perdana Petroleum

AFTER a strong earnings turnaround in the financial year 2013 (FY13), Perdana Petroleum Bhd is set to expand its fleet this year, potentially adding more vessels than the two that CIMB Reseach said it had initially expected.

Business 10 Jan 2014 | 12:00 AM

Scomi Energy still a 'buy'

SCOMI Energy Services Bhd has been awarded two contracts in Myanmar worth a combined RM90mil by Petronas. The contracts are from Petronas Carigali Myanmar Inc (PCMI) and Petronas Carigali Hong Kong Ltd (PCML) for the provision of drilling fluids, solid control, well bore clean-out, drilling waste management equipment, materials and services.

Business 03 Jan 2014 | 12:00 AM

Boost for Perisai drilling rig sector, outperform maintained

PERISAI Petroleum Teknologi Bhd announced on Tuesday that it had entered into a rig-construction contract with PPL Shipyard Pte Ltd to build a third jack-up rig for US$211.5mil (RM653.5mil).

Business 24 Dec 2013 | 12:00 AM

Westports growth seen robust, concession extended 30 years

The Government and Port Klang Authority (PKA) has extended Westports Holdings Bhd concession period for a period of 30 years. Kenanga Research says the announcement is not a surprise given Westports’s operational excellence better than average cargo handling efficiency in the past 10 years.

Business 18 Dec 2013 | 12:00 AM

Bursa rated 'buy' on good outlook

HwangDBS Vickers Research estimates that Bursa is still sitting on RM400mil excess cash after setting aside RM265mil for FY13 dividends. It said management indicated the excess cash was reserved for business expansion and higher allocation for clearing guarantee funds.

Business 27 Nov 2013 | 11:51 AM

PublicInvest maintains Outperform on Kian Joo, Kenanga Research agrees on takeover offer

KUALA LUMPUR: PublicInvest Research has maintained its Outperform on Kian Joo with an unchanged target price of RM3.64, it said on Wednesday.

Business 16 Nov 2013 | 12:00 AM

Magnum feels the squeeze

PETALING JAYA: Gaming-based Magnum Bhd should brace for challenging times ahead as disposable incomes, especially among the working class, get squeezed by the rising cost of living amid the Government’s move to drive down subsidies, according to a research house.