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Sea launches investment arm, expects e-commerce sales to double in 2021
SINGAPORE (Reuters) - Southeast Asian e-commerce and entertainment group Sea said on Tuesday it would launch an unit to manage its investments, as well as its own artificial intelligence labs.
Straits associate firm Banle Energy to file for HK IPO
KUALA LUMPUR: Straits Inter Logistics Bhd said an associate company involved in the marine fuel logistics business is seeking a listing on the Hong Kong Stock Exchange.
KLCI stays range-bound, market breadth negative
KUALA LUMPUR: Share prices on Bursa Malaysia traded range-bound on Tuesday, with buying interest interspersed with profit-taking.
China’s Nine Dragons Paper to invest RM5.4b in paper mill, factory
KUALA LUMPUR: China’s Nine Dragons Paper (Holdings) Ltd will invest up to RM5.40bil, involving the acquisition of a mill, and a factory to focus on paper products in Malaysia, endorsing the country’s attractive investment environment and business friendly policies.
AmInvestment lowers earnings forecast on Econpile
KUALA LUMPUR: AmInvestment Bank Research has cut its earnings forecasts for Econpile Holdings Bhd on its belief that the government is unlikely to roll out new major public infrastructure projects over the short-term.
MMC remains deeply undervalued, says MIDF
KUALA LUMPUR: MIDF Research is confident over MMC Corp Bhd as a recovery stock play as the group has proven its resilience amid the pandemic.
AMMB continues to show resilience, TA Research says
KUALA LUMPUR: Despite the challenging operating environment, AMMB continued to demonstrate resilience in its underlying business as revenues remained healthy in the nine-month ended Dec 31,2020, TA Securities Research said.
GameStop surges more than 18%, other 'meme stocks' also rally
NEW YORK: GameStop and other “meme stocks” mounted a late-day rally on Monday, with shares of the video game retailer climbing nearly 32% at one point on little apparent news.
Wall Street rallies on US stimulus and vaccine hopes
NEW YORK: Global equities markets rose and the S&P 500 on Monday had its best day since June 5, with investors taking lower U.S. bond yields in stride on optimism over the US$1.9 trillion coronavirus relief bill and distribution of Johnson & Johnson's newly authorized COVID-19 vaccine.
