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KUALA LUMPUR: Tan Chong Motor Holdings Bhd, Tambun Indah Land Bhd, DRB-Hicom Bhd and Guan Chong Bhd are among the stocks to watch on Monday, according to JF Apex Research.
BUMI Armada Bhd, the service provider to oil and gas companies, has provided for no less than RM5.8bil as impairments for its assets since the financial year 2016. The bulk of the provisioning was taken up at the group level.
KUALA LUMPUR: Bumi Armada Bhd posted net losses of RM219.54mil in the first quarter ended March 31,2020 due to non-cash impairments of RM314.4mil as it took a hit from the collapse in oil prices.
PETALING JAYA: Petroliam Nasional Bhd’s plan to slash its budget could see it saving some RM17bil, but this may be insufficient for the state-owned oil and gas (O&G) giant to weather the challenging economic environment, according to a local research house.
KUALA LUMPUR: Bursa Malaysia started Wednesday on a firm note, underpinned by buying of glove makers and also Petronas Dagangan despite the mixed key Asian markets due to the rising US-China tensions.
REVIEW: Trading on Bursa Malaysia took on a frenetic pace over the past week with a record daily trading volume of 11.21 billion shares recorded on Monday as investors flocked to equities in an an attempt to catch a rally.
KUALA LUMPUR: Bursa Malaysia extended its gains on Thursday as the FBM KLCI was lifted by Petronas-linked stocks after firm crude oil prices while plantations and glove makers rallied.
KUALA LUMPUR: The FBM KLCI momentarily passed above the 1,450-point level in morning trade before ending slightly under as the index extended its rally for a seventh straight session.
KUALA LUMPUR: Bursa Malaysia slowed its ascent on Wednesday amid a negative report over the success of the early-stage trial of a coronavirus vaccine.