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Deloitte resigns as auditors for Malayan Cement
KUALA LUMPUR: Malayan Cement Bhd (MCB) has received a notice in writing from Messrs. Deloitte PLT to resign as auditors of the company.
Maybank IB voted Malaysia Syndicated Loan House of the Year
KUALA LUMPUR: Maybank Investment Bank has been named Malaysia Syndicated Loan House of the Year by the Asia Pacific Loan Market Association (APLMA) for the second consecutive year, based on votes from APLMA members.
Trading ideas: Maybank, Genting Malaysia, Petronas Chemicals, SOP, Vitrox
KUALA LUMPUR: Stocks to watch for on Friday include stocks with recent corporate earnings including Maybank, Genting Malaysia, Petronas Chemicals, SOP, Vitrox, among others, says JF Apex Research.
YTL Corp optimistic about first half of 2022
KUALA LUMPUR: YTL Corp Bhd is cautiously optimistic about the group’s continuing strong performance for the next six months as Covid-19 pandemic lockdowns taper off.
KLCI dips 0.5% in early trade
KUALA LUMPUR: The FBM KLCI opened lower in early trade Friday, taking the cue from the weaker performance on Wall Street.
Recovery on the cards for basic materials companies
PETALING JAYA: Basic materials companies are expected to chart stronger earnings next year as demand for their products will continue to rise as economic activities pick up.
Basic materials suppliers see growing momentum on improved demand
KUALA LUMPUR: Basic materials producers are bouncing back from low valuations, according to RHB Research, which said all three stocks under its coverage in the sector - Press Metal Aluminium Holdings Bhd, Cahya Mata Sarawak Bhd and Malayan Cement Bhd - have delivered positive results despite the pandemic.
Solid prospects
PETALING JAYA: The revival of domestic cement demand since mid-August and the subsequent sharp rise in average selling prices (ASPs) have given a boost to Malayan Cement Bhd’s (MCement) turnaround prospects.
YTL Corp makes ‘excellent start’ to FY22
PETALING JAYA: Diversified group YTL Corp Bhd said its pre-tax profit increased 215% to RM325.4mil for the quarter ended Sept 30 compared to RM103.4mil for the preceding quarter ended June 30.
Maybank, UOB to jointly underwrite RM2bil Islamic facility for Malayan cement
KUALA LUMPUR: Maybank Investment Bank and United Overseas Bank (Malaysia) Bhd (UOB Malaysia) have been appointed as the underwriters and bookrunners, on an equal basis, for a RM2.0 billion Islamic facility granted to Malayan Cement Bhd (MCB).
