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CIMB Research said Oriental Holdings Bhd’s financial year ended Dec 31, 2013 (FY13) was 93% below its forecast. It said the heavier losses in the autoparts division and the surprise earnings contraction in the 49%-owned Boon Siew Honda’s (BSH) motorcycle business were the main disappointments in the fourth quarter of FY13.
KUCHING: Biport Bulkers Sdn Bhd has fully repaid total outstanding loan of RM58mil due to parent company Bintulu Port Holdings Bhd (BPHB) via term financing facility provided by CIMB Islamic Bank Bhd.
KUALA LUMPUR: Key European and Asian markets, except for China, were in the red on Monday as the rising Ukraine conflict saw investors exiting riskier assets including equities.
KUALA LUMPUR: Malaysia's FBM KLCI fell to a low of 1,813 in Monday's morning session as investor sentiment took a hit from the rising tensions in Ukraine.
KUALA LUMPUR: Muhibbah Engineering’s FY13 core net profit was 2% above CIMB Equities Research’s full-year forecast and made up 96% of consensus.
KUALA LUMPUR: CIMB Equities Research does not expect national car maker Proton to turn around in FY15 as the research house reduced its FY14-16 forecasts for the parent company DRB-Hicom by 8% to 34%.
KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd will postpone its initial public offering (IPO) from March to May at the earliest because the convenience store operator is updating its financial accounts, according to two people with knowledge of the matter.
AFTER a slight delay, the listing of PACC Offshore Services Holdings – Malaysian Bulk Carriers Bhd’s 21.23% associate – is finally getting off the ground.
WHEN the National Automotive Policy (NAP) was unveiled earlier this year, the biggest shake-up was that the tax exemption for energy efficient vehicles (EEVs) and electric vehicles (EVs) would be taken away if they were not locally assembled.
KUALA LUMPUR: Malaysia's blue chips capped a volatile February on a higher note, with the FBM KLCI up 30.76 points or 1.79% on Friday from the 1,804.90 on Jan 30.