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Business

EG Industries 'hold', Berjaya Sports 'outperform', Icon Offshore 'sell', AirAsia 'reduce'

EG Industries: THE electronics manufacturing services company has benefitted from the ongoing trade tensions between United States and China to secure new box-build contracts which the management believes could rake in about RM1.5bil in FY20.

Business

Quick take: Icon Offshore shares lifted by PAC, Petronas Carigali contracts

KUALA LUMPUR: Icon Offshore Bhd shares rose 4.3% in early trade Monday in response to a series of contracts and a work order to provide vessels.

Business

Maybank Research retains sell on Icon Offshore

KUALA LUMPUR: Maybank Investment Bank Research is retaining its sell call on Icon Offshore with an unchanged target price versus its last traded price of 12 sen based on 0.9 times enterprise value/ replacement value.

Business

New Indonesian insurance rules cause coal export backlogs in Kalimantan

JAKARTA: Indonesian insurance rules that come into effect on Feb. 1 are causing huge coal supply backlogs, with dozens of ships held up outside ports unable to load as authorities start checking to see if vessels are in compliance with the new policy.

Business

CIMB Research expects Bumi Armada’s debt issues to be resolved in Q1 of 2019

KUALA LUMPUR: CIMB Equities Research expects Bumi Armada Bhd’s debt issues to be resolved in Q1 2019

Business

Reality check for Malaysian oil and gas players

Some Malaysian counters retraced some gains despite continued rise in oil price