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AB InBev plans Asian IPO as brewer seeks to cut debt

LONDON: Anheuser-Busch InBev NV (AB InBev) is weighing an initial public offering (IPO) of its Asian unit as the world’s largest brewer jockeys for position in a massive consumer market where rivals are piling in via local alliances.

Quick take: Gamuda shares boosted by contract win

KUALA LUMPUR: Gamuda Bhd is up over 1.4% in early trade Friday after the company announced it had won a RM521.7mil marine bridge contract in Taiwan.

Quick take: Gets Global jumps 88% in early trade

KUALA LUMPUR: Shares in Gets Global Bhd jumped more than 88% in early trade Friday, following the appointment of Mirzan Mahathir as its director.

Quick take: Yinson shares fall after posting 19% drop in earnings for FY19

KUALA LUMPUR: Yinson Holdings Bhd’s shares fell almost 2% in early trade Thursday after posting a 19.6% drop in its net profit for full financial year ended Jan 31.

Quick take: Contract win sends GHL shares up 3%

KUALA LUMPUR: GHL Systems Bhd’s announcement that it had secured a RM25mil contract by the Government for a petrol subsidy programme, sending its shares higher on Thursday.

Quick take: Comfort Gloves shares up on higher Q4 profit

KUALA LUMPUR: Shares in Comfort Gloves Bhd rose 4.32% in early trade Wednesday after the company reported that its earnings doubled in the fourth quarter ended Jan 31, 2019.

Quick take: Astro sees selling pressure on 4Q earnings results

KUALA LUMPUR: Astro Malaysia Holdings Bhd came under slight selling pressure in morning trade following the release of its 4QFY19 earnings results yesterday.

Quick take: Sapura Energy shares fall despite special dividend payout news

KUALA LUMPUR: Sapura Energy Bhd, which returned to to the black and declared a special dividend, fell marginally in early trade Tuesday.

Quick take: Bumi Armada most active counter in early trade, up 5%

KUALA LUMPUR: Bumi Armada Bhd is the most active stock traded in early trade Tuesday following news that it is nearing an agreement for a loan of around RM2.034bil (US$500mil).