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KUALA LUMPUR: Bursa Malaysia slipped as the region opened to a mixed-bag of results with some Asian markets tentatively moving higher ahead of the start of a US-North Korean summit in Singapore.
KUALA LUMPUR: CIMB Equities Research has lowered its target for the FBM KLCI for 2018, still based on 15.4 times price-to-earnings (P/E) from 1,767 to 1,675 to reflect recent changes in the constituents of the 30-stock index.
KUALA LUMPUR: Velesto Energy Bhd (VEB), formerly known as UMW Oil & Gas Corp Bhd, has secured an offshore drilling contract worth US$31.038mil (RM125mil) from Roc Oil (Sarawak) Sdn Bhd.
Velesto Energy with an unchanged 12-month DCF-based target price of 35 sen following its receipt of a letter of award from ROC Oil (Sarawak).
KUALA LUMPUR: Pasdec Holdings Bhd, Telekom Malaysia Bhd, Velesto Energy Bhd and IHH Healthcare Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.
KUALA LUMPUR: Bursa Malaysia resumed its trek higher in Monday morning trade after five straight sessions of gains in the previous week.
KUALA LUMPUR: Advancecon Holdings Bhd, Hiap Teck Venture Bhd, Velesto Energy Bhd, Kumpulan Perangsang Selangor Bhd (KPS) and Malaysia Airports Holdings Bhd are among the stocks to watch, according to JF Apex Research.