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KUALA LUMPUR: Maybank Investment Bank Bhd expects Malaysian planters to report much stronger YoY and QoQ core earnings largely on crude palm oil (CPO) price recovery.
IT was one of the largest property development projects to be launched, and yet what a downer it was. This was especially evident in Bursa Malaysia’s reception of the RM140bil Bandar Malaysia deal.
THE revived Bandar Malaysia project, which was previously linked to the 1Malaysia Development Bhd (1MDB) scandal, is finally taking off.
PETALING JAYA: Boustead Heavy Industries Corp Bhd (BHIC) has appointed Tan Sri Ramlan Mohamed Ali as its chairman effective Dec 1.
PETALING JAYA: Boustead Holdings Bhd fell into the red in the third quarter due to huge impairments from its heavy industry and property divisions, as well as weaker results in other units.
KUALA LUMPUR: Boustead Holdings Bhd posted lower consolidated profit before tax (PBT) of RM14mil for the nine-month ended Sept 30,2019, weighed down by impairments in the property and heavy industries divisions.
BOUSTEAD Plantation Bhd continued its path to recovery on Monday after breaking above the 100-day simple moving average (SMA).
KUALA LUMPUR: Stocks to watch for on Friday include Ekovest Bhd, Boustead Plantations, Malaysian Resources Corp Bhd’s (MRCB), WCT Holdings Bhd, Hibiscus Petroleum Bhd and Deleum Bhd, according to JF Apex Research.
PETALING JAYA: Boustead Plantations Bhd saw its net loss widening to RM34.31mil in the third quarter ended Sept 30 from RM21.89mil in the previous corresponding quarter on higher amortisation and finance costs.