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PetGas net profit seen to remain robust
PETALING JAYA: Petronas Gas Bhd’s (PetGas) earnings are expected to remain resilient this year, underpinned by the group’s business model and long-term contracts that will ensure steady revenue streams.
KLCI closes at day's low, ringgit strengthens 0.32%
KUALA LUMPUR: The FBM KLCI gave up early gains to close at the day's low on Friday, while the ringgit climbed marginally against the US dollar.
FBM KLCI stays positive amid volatility in plantations stocks
KUALA LUMPUR: The FBM KLCI partially retraced earlier gains to end slightly higher at midday amid ongoing volatility in plantations stocks following Indonesia's scheduled lifting of its crude palm oil export ban.
Trading ideas: Bintulu Port, TPC Plus, GIIB, Southern Acids, Magnum, Kobay Technology, Tomei Consolidated, Dayang Enterprise, Petronas Gas and Hup Seng Industries
KUALA LUMPUR: Investors could be be keeping a watchful eye on Bintulu Port, TPC Plus, GIIB, Southern Acids, Magnum, Kobay Technology, Tomei Consolidated, Dayang Enterprise, Petronas Gas and Hup Seng Industries following recent corporate announcements, said JF Apex Research.
PetGas 1Q net profit falls 20% to RM410.6mil
KUALA LUMPUR: Petronas Gas Bhd (PetGas), which saw its net profit tumbled 20.5% to RM410.58mil in the first quarter ended March 31, has declared a first interim dividend of 16 sen per ordinary share.
Press Metal, commodities lead FBM KLCI lower
KUALA LUMPUR: The FBM KLCI stayed ahead of the 1,550 psychological resistance at midday as Press Metal and other commodity plays lifted the benchmark.
Banks lend support to domestic market as global equities slump on US inflation data
KUALA LUMPUR: Domestic banks helped to lift the overall market on Thursday even as high core inflation data from the US cast a pall over investor sentiment in global equities.
KLCI ends at 2-month low; Serba Dinamik plunges 68%
KUALA LUMPUR: The FBM KLCI closed 1% lower on Monday after lingering in negative territory for the entire session on broad-based selling.
FBM KLCI slumps to 7-week low
KUALA LUMPUR: The FBM KLCI slumped to its lowest in over seven weeks on Friday led by losses at key index-linked stocks including Kuala Lumpur Kepong (KLK), Petronas Dagangan (PetDag) and Press Metal.
Bursa drops further after violent Wall Street session
KUALA LUMPUR: Investors continued to sell down Bursa Malaysia equities following the plunge on Wall Street overnight.
