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Rakuten Inc, Japan's largest online shopping mall operator, has proposed merging its operations with Tokyo Broadcasting System (TBS) under a joint holding company. 'By combining our operation, which is highly profitable and has strong growth opportunities with the operations of TBS we believe we can create a world-class media group,' Rakuten president Hiroshi Mikitani said.
PETALING JAYA: PublicInvestment Research has accorded a fair value of 77 sen for InNature Bhd’s initial public offering (IPO) based on a 15 times price-to-earnings multiple to its financial year 2020 forecast earnings per share of 5.1 sen, excluding the listing cost.
KUALA LUMPUR: AWC Bhd, an integrated facilities management service provider, has been awarded an RM130mil contract from the Government for the maintenance of Terminal Bersepadu Selatan (TBS) in Bandar Tasik Selatan.
LOS ANGELES: AT&T Inc’s new television chief, who will oversee cable networks such as HBO, TNT and TBS, thinks he has plenty of ammunition to take on Netflix Inc.
WASHINGTON: The US Justice Department has suggested to AT&T Inc officials that they figure out how to get the benefits they’re seeking from their proposed merger with Time Warner Inc without being able to own CNN, TBS and other Turner channels, according to people familiar with the discussions.
KUALA LUMPUR: PublicInvestment Research has accorded a fair value of 77 sen for InNature Bhd based on a 15 times price-to-earnings (PE) multiple to its FY2020F EPS of 5.1 sen which excludes the listing cost.
THE focus of concern of my last column (Oct 5) was how to identify and best manage risk emanating from the great growth deceleration in emerging Asia in the face of “Abenomic” expansionary thrusts and threat of QE (quantitative easing) tapering by US Fed which resulted in a massive withdrawal of funds from Asian markets.
KUALA LUMPUR: CIMB Equities Research is retaining its Add call for AWC and sum-of-parts based target price of RM1.20 as the move by its unit Ambang Wira Sdn Bhd to mutually end a RM130mil contract with the Malaysian government was expected.