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Corporate News 06 Dec 2018 | 4:39 AM

China, HK shares slump tech leads losses after Huawei CFO arrest

HONG KONG: Sharp losses in technology shares pulled down benchmark stock indexes in China and Hong Kong on Thursday, after the global chief financial officer of Chinese technology giant Huawei was arrested in relation to alleged violations of US sanctions.

Stock on the Move 06 Dec 2018 | 1:55 AM

Berjaya Food rises 3% after strong earnings report

KUALA LUMPUR: Berjaya Food Bhd rose 3% in early trade Thursday following a strong earnings report.

Corporate News 06 Dec 2018 | 1:54 AM

MyEG assures investors about Indonesian ops

KUALA LUMPUR: My EG Services has assured fund managers about the expected losses at the Indonesia operations as it would over time, trim down its stake to below 20% in the special purpose vehicle (SPV) and treat it as an investment in its balance sheet.

Markets 06 Dec 2018 | 1:31 AM

Weak start for Bursa Malaysia, technical outlook still bearish

KUALA LUMPUR: Bursa Malaysia extended its losses early Thursday after the weak corporate results, uncertainties in the US-China trade conflict issue while analysts are downbeat on the outlook for the FBM KLCI.

Stock on the Move 06 Dec 2018 | 1:30 AM

Astro up 6.2% on positive results

KUALA LUMPUR: Astro Malaysia Holdings Bhd rose 6.2% in early trade Thursday following the release of its positive earnings in line with analysts expectations.

Markets 06 Dec 2018 | 1:12 AM

Malaysian palm oil/Vegoils: Market factors to watch Thursday Dec 6

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Dec 6.

Business 06 Dec 2018 | 12:00 AM

China startup Mogu poised to raise US$67mil in NYSE IPO

HONG KONG: Mogu Inc, a Chinese startup selling fashion and cosmetics online, is poised to raise US$67mil in a US initial public offering (IPO) priced at the bottom of its marketed range, sources said.

Markets 06 Dec 2018 | 12:00 AM

Market uptrend shortlived

G20 fever is over as Asian stock traders buckle up for turmoil

Corporate News 06 Dec 2018 | 12:00 AM

Gagasan Nadi inks underwriting deal with TA Securities

KUALA LUMPUR: Gagasan Nadi Cergas Bhd has signed an underwriting agreement with TA Securities Holdings Bhd for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia.

Economy 06 Dec 2018 | 12:00 AM

Affin: F&B players may see margin squeeze next year

PETALING JAYA: Food and beverage (F&B) players may experience a margin squeeze next year on the back of rising commodity prices, according to Affin Hwang Capital. The research house expects commodity prices to go up after staying relatively depressed this year.