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Business

Boustead Properties meets forecasts

Boustead Properties Bhd's just announced first-half net profit of RM42.5mil, when annualised, is in line with market expectations and consensus, said RHB Research.

Business

9MP the catalyst for growth this year

The many rounds of interest rate hikes recently, coupled with the inflationary effects of rising oil and energy prices, have caused consumer sentiment to turn cautious, observes SP Setia group managing director and CEO Tan Sri Liew Kee Sin.

Business

Cloned oil palms push up AAR revenue

Agricultural advisory firm Applied Agricultural Resources Sdn Bhd (AAR) expects a 20% growth in revenue over the next decade, driven mainly by sales of oil palm plantlets derived from a cloning process, said chief executive officer Dr Soh Aik Chin.

Business

News in brief

News briefs on MAS, Bursa, Hwang-DBS, Fionic unit, Time subsidiary, SAAG, Encorp, Bio-informatics, PLB unit, Fiamma, Lee Hup, and DRB-HICOM

Business

Sime’s genome success a tough act to follow

PETALING JAYA: Sime Darby Bhd's major breakthrough to completely sequence, assemble and annotate the oil palm genome with 93.8% completeness will be a tough act to follow by the palm oil custodian, the Malaysian Palm Oil Board (MPOB) and other plantation companies.

Business

Boustead units will appeal Sibu High Court ruling against the companies over NCR land

KUALA LUMPUR: Boustead Holdings Bhd subsidiaries will appeal against a Sibu court decision, which had ruled against an agreement over the development of native customary rights (NCR) land.

Business

Boustead confirms privatisation of Al-Hadharah Boustead REIT

Boustead Holdings Bhd said it will privatise its plantation-based Al-Hadharah Boustead REIT at RM2.10 per share, confirming a report by StarBiz.

Business

Boustead to take Al-Hadarah private

PETALING JAYA: Boustead Holdings Bhd said it will privatise its Islamic plantation REIT, Al-Hadharah Boustead REIT, at RM2.10 per share, confirming a StarBiz report on Monday.

Business

Boustead buys RM185m land in Sabah to expand palm oil business

KUALA LUMPUR: Boustead Plantations Bhd’s unit Boustead Rimba Nilai Sdn Bhd has bought two parcels of land in Sabah worth RM184.59mil to expand its oil palm business.

Business

Harn Len jumps after RM184m land sale

KUALA LUMPUR: Shares of Harn Len Corporation jumped early Monday after the company expected to gain RM140.76 mil from the sale of its plantation land in Lahad Datu, Sabah land for RM184mil.