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NEW YORK: A gauge of global equity markets climbed on Thursday on optimism for a speedy economic recovery and a massive stimulus plan in Europe helped lift regional stocksand the euro, while gold rebounded on a safety bid on deteriorating U.S.-China relations.
PETALING JAYA: Despite lower earnings, the outlook still looks bright for Sunway Bhd, premised on the group’s improving unbilled sales and robust outstanding order book.
PETALING JAYA: The FBM Kuala Lumpur Composite Index (KLCI) hit the highest level in almost 12 weeks or nearly three months, even as the overall market breadth turned negative on Thursday.
PETALING JAYA: LYC Healthcare Bhd’s wholly owned subsidiary, LYC Medicare Sdn Bhd, has proposed to acquire a 51% stake in HC Orthopaedic Surgery Pte Ltd (HCOS) from Chan Ying Ho and Beyond Wellness Group Pte Ltd for RM21.29mil.
HONG KONG: China shares ended firmer on Thursday as investors anticipated further policy support from the ongoing Chinese parliamentary meeting, but gains were curbed amid a standoff between Washington and Beijing over a new Hong Kong security law.
KUALA LUMPUR: LYC Healthcare Bhd's wholly-owned subsidiary, LYC Medicare Sdn Bhd, has proposed to acquire a 51 per cent stake in HC Orthopaedic Surgery Pte Ltd (HCOS) from Chan Ying Ho and Beyond Wellness Group Pte Ltd for RM21.29 million.
HONG KONG: China shares declined on Thursday as investors were rattled about a standoff between Washington and Beijing over a new Hong Kong law and awaited clues of further policy support from the ongoing Chinese parliamentary meeting.
Healthcare and glove stocks in the spotlight again
PETALING JAYA: Sunway Bhd began its financial year of 2020 (FY20) with a 42.6% year-on-year (y-o-y) drop in net profit in the first quarter.
KUALA LUMPUR: Sunway Bhd posted net profit of RM78.29mil in the first quarter ended March 31,2020 as its revenue was impacted by lower contributions from most business segments except property development and quarry.