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KUALA LUMPUR: Bursa Malaysia and key Asian markets got off Wednesday on a cautious start after disappointing news from the US on progress of a possible trade deal.
KUALA LUMPUR: Prestariang Bhd fell over 7.2% in early trade Wednesday after its independent auditors, Messrs. Crowe included a statement of material uncertainty related to going concern in its independent auditors' report dated Sept 19,2019.
PETALING JAYA: Plantation heavyweights saw their share price jump as crude palm oil (CPO) prices continued to rally, and as investors bet on improved earnings from the companies in the coming quarters.
KUALA LUMPUR: MUI Properties Bhd’s unit, Cesuco Trading Ltd, will be converting an Australian dollars US$1.5mil secured convertible note in an Australian gold exploration company into ordinary shares.
PETALING JAYA: Nestle (Malaysia) Bhd emerged as the biggest gainer on Bursa Malaysia after the maker of Milo and Maggi instant noodles reported a stronger set of results for the third quarter ended Sept 30, despite the impact from unfavourable exports growth, exchange rate and commodity prices.
PETALING JAYA: Prestariang Bhd’s independent auditor, Messrs Crowe Malaysia PLT, has included a statement of material uncertainty related to a going concern in its independent auditor’s report dated Sept 19,2019.
KUALA LUMPUR: Nestle (Malaysia) Bhd posted stronger net profit in the third quarter ended Sept 30,2019 as it focused on driving sustainable efficiencies and savings and it declared an interim dividend of 70 sen a share.
KUALA LUMPUR: Three individuals, including a Datuk, were acquitted and discharged from the charge of abetting to issue and to offer nearly seven million units of shares in a construction company without registering its prospectus with the Securities Commission (SC).
KUALA LUMPUR: Shares in Cycle & Carriage Bintang Bhd (CCB) jumped over 29% in early trade Tuesday on news that its controlling shareholder is planning to take it private.
PETALING JAYA: KLCCP Stapled Group’s hotel business is feeling the heat from intense competition caused by new hotels in the Kuala Lumpur city centre, resulting in a flattish bottom line for the group in the third quarter ended Sept 30.