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Nestle 'sell', UEM Edgenta 'buy', Three-A 'outperform', construction 'overweight'

NESTLE’S core net profit of RM139mil for the fourth quarter of financial year 2017 (FY17) brings FY17 core net profit to RM634mil.


Short Position

WHERE does the stock market go from here?

Corporate News

Kuantan Flour Mills eyes entry into China

KUALA LUMPUR: Kuantan Flour Mills Bhd (KFM), which needs to undertake a regularisation plan, is looking to expand its starch business and premix flour in China.


UEM Edgenta mulls dividend payout

PETALING JAYA: UEM Edgenta Bhd is considering a one-off dividend payout after shareholders approved its plan to sell a subsidiary in New Zealand for cash, even as the company seeks to strengthen its balance sheet.


Kuantan Flour Mills to issue more shares to white knight

KUALA LUMPUR: Kuantan Flour Mills Bhd (KFM) has revised its regularisation plan, more than doubling the number of new ordinary shares to be issued and giving its white knight enough shares to potentially trigger a mandatory takeover offer.


UEM Edgenta to pursue organic growth after NZ unit sale

UEM Edgenta Bhd, a company that provides manages fixed assets and infrastructure, would have a healthy cash balance sheet after the proposed sale of one of its key assets.