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KUALA LUMPUR: Malayan Cement Bhd (MCB) has received a notice in writing from Messrs. Deloitte PLT to resign as auditors of the company.
KUALA LUMPUR: YTL Corp Bhd is cautiously optimistic about the group’s continuing strong performance for the next six months as Covid-19 pandemic lockdowns taper off.
KUALA LUMPUR: Basic materials producers are bouncing back from low valuations, according to RHB Research, which said all three stocks under its coverage in the sector - Press Metal Aluminium Holdings Bhd, Cahya Mata Sarawak Bhd and Malayan Cement Bhd - have delivered positive results despite the pandemic.
PETALING JAYA: The revival of domestic cement demand since mid-August and the subsequent sharp rise in average selling prices (ASPs) have given a boost to Malayan Cement Bhd’s (MCement) turnaround prospects.
PETALING JAYA: Diversified group YTL Corp Bhd said its pre-tax profit increased 215% to RM325.4mil for the quarter ended Sept 30 compared to RM103.4mil for the preceding quarter ended June 30.
KUALA LUMPUR: Maybank Investment Bank and United Overseas Bank (Malaysia) Bhd (UOB Malaysia) have been appointed as the underwriters and bookrunners, on an equal basis, for a RM2.0 billion Islamic facility granted to Malayan Cement Bhd (MCB).
PETALING JAYA: Earnings for YTL Corp Bhd moving forward will be driven by its utilities and cement divisions.
PETALING JAYA: Malayan Cement Bhd has received its shareholders’ approval to proceed with the acquisition of YTL Cement Bhd’s entire cement and ready-mixed concrete operations in Malaysia for a total consideration of RM5.2bil.