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ASTRO’S first half FY20 (H1FY20) core profit after taxes and minority interests (PATAMI) of RM352.6mil came in within Kenanga Research’s but slightly above consensus expectations at 50% and 57%, respectively.ASTRO’S first half FY20 (H1FY20) core profit after taxes and minority interests (PATAMI) of RM352.6mil came in within Kenanga Research’s but slightly above consensus expectations at 50% and 57%, respectively.
ANALYSTS are generally positive on the full-year financial performance of Sunway REIT (SunREIT) after it posted fourth quarter results for its financial year ending 2019 with buy and hold calls from several of them.
Kuala Lumpur Kepong Bhd, Gabungan AQRS Bhd and Malakoff Corp Bhd.
SUNWAY BHD: THE group’s latest land deal with the Selangor State Development Corp (PKNS) is very much in line with its strategy to execute fast turnaround projects to ride through the current slowdown in the property market
PETALING JAYA: As the group copes with a hike in gaming taxes, Genting Malaysia Bhd chairman and chief executive Tan Sri Lim Kok Thay has taken a 20% voluntary pay cut.
SYDNEY: Australia’s financial crime watchdog ordered an audit of buy-now-pay-later company Afterpay Touch Group, citing suspected non-compliance with anti-money-laundering and counter-terrorism financing laws, hammering shares across the sector.
D&O Green Technologies Bhd stands to see an improvement in profits for the second quarter, but faces uncertainty in the second half of the year due to the trade war.
Gabungan AQRS Bhd is targeting RM1.5bil worth of new jobs for the financial year ending Dec 31, 2019.
VELESTO ENERGY BHD: OPERATING seven jack-up (JU) rigs in Malaysian waters, Velesto is in a sweet spot, benefitting from a surge in Petronas’ yearly JU rig requirement from six to 10 and 16 to 19 for 2019 to 2021.
AllianceDBS Research is keeping a “buy” call on MMC Corp on the back of actively pursing the listing of its port business, MMC Ports as well as better earnings delivery.