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Bursa Malaysia sees six straight week of net foreign selling
KUALA LUMPUR: Foreign funds remained as net sellers on Bursa Malaysia last week, marking the sixth weekly outflow, according to MIDF Research.
Quick take: Scomi Energy falls over 7%, defaults RM55mil bond repayment
KUALA LUMPUR: Shares of Scomi Energy Services Bhd fell over 7% in early trade Monday after the company said it has defaulted on redemption of bonds worth RM55mil.
Dominant Kim wins Players’ Championship
Kim Leun Kwang closed out a fine campaign on the Professional Golf of Malaysia (PGM) Tour with a big win at the Players’ Championship, hosted by Kota Seriemas Golf & Country Club in Nilai, Negri Sembilan.
Scomi Energy unit defaults on RM55mil bonds
KUALA LUMPUR: Scomi Energy Services Bhd unit KMCOB Capital Bhd has defaulted in redeeming or repaying the Series E of the guaranteed serial bonds (KMCOB bond) issued amounting to RM55mil.
Scomi Energy unit defaults on RM55m bonds
KUALA LUMPUR: Scomi Energy Services Bhd's (SESB) unit KMCOB Capital Bhd has defaulted in redeeming or repaying the Series E of the guaranteed serial bonds (KMCOB bond”) issued amounting to RM55mil.
Run-up in CPO prices seen ahead of supply crunch
PETALING JAYA: Crude palm oil (CPO) prices may have a run-up ahead of fundamentals on supply crunch fears due to slower output growth and higher biodiesel mandates.
Quick take: BAuto shares fall 2.8% after missing profit expectations
KUALA LUMPUR: Shares in Bermaz Auto Bhd (BAuto) fell 2.8% in early trade Wednesday after its net profit in the second quarter ended Oct 31,2019 fell 72%.
Foreign funds dump shares, buy debts
PETALING JAYA: There seems to be some repositioning of foreign funds in the Malaysian capital market.
Foreign investors ramp up selling on Bursa to RM834.6mil net
KUALA LUMPUR: Offshore funds accelerated their selling of equities on Bursa Malaysia last week to RM834.6mil, said MIDF research.
Not right time for stronger ringgit
PETALING JAYA: Prime Minister Tun Dr Mahathir Mohamad’s latest comment on the ringgit has raised questions on whether a stronger ringgit is on the cards.