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Disney lifts Dow, S&P 500 to records while trade tensions cast shadow
NEW YORK: The Dow Jones Industrial Average and the S&P 500 posted record closing highs on Wednesday helped by a big jump in Walt Disney shares, but the Nasdaq fell as stocks were kept in check by fresh uncertainty over U.S.-China trade relations.
SP Setia profit for nine months at RM509mil
KUALA LUMPUR: SP Setia Bhd achieved revenue of RM3.13bil and pre-tax profit of RM508.8mil in the January-to-September period, mainly contributed by its ongoing projects in Malaysia.
Bursa expects 40 new listings next year
KUALA LUMPUR: Bursa Malaysia Bhd chief executive officer (CEO) Datuk Muhamad Umar Swift expects 40 new listings to take place next year, including 30 for small and medium-sized companies (SMEs).Muhamad Umar said the expectations are based on the country’s strong fundamentals, coupled with the global uncertainties which are anticipated to be resolved moving forward.
Dialog looking for upstream assets
KUALA LUMPUR: The country’s largest oil and gas (O&G) services provider by market value believes that the time is right to expand its upstream operations through new asset acquisitions.
Hong Kong stocks slump as bulls scatter amid widening protests
HONG KONG: The slump in Hong Kong equities risks turning into a rout as the protests gripping the city show only signs of escalating.
OCBC offers all-in-one digital payment terminals for merchants
KUALA LUMPUR: OCBC Bank (Malaysia) Bhd is the first foreign bank in the country to offer all-in-one digital payment terminals for merchants to integrate and accept all cards and e-payment transactions on a single device.
S P Setia records RM3.13b revenue and PBT of RM508.8m in Jan-Sept
KUALA LUMPUR: S P Setia Bhd achieved revenue of RM3.13bil and profit before tax (PBT) of RM508.80mil in the January to September period this year mainly contributed by the on-going projects in Malaysia.
Bursa Malaysia expects 40 new listings next year
KUALA LUMPUR: Bursa Malaysia Bhd chief executive officer (CEO) Datuk Muhamad Umar Swift expects 40 new listings to take place next year, including 30 for small and medium-sized companies (SMEs).
Trading ideas: Sime Darby, London Biscuits, UEM Sunrise, MUI Properties
KUALA LUMPUR: Stocks to watch on Wednesday include Sime Darby Bhd, London Biscuits Bhd, UEM Sunrise Bhd and MUI Properties Bhd, according to JF Apex Research.
KUALA LUMPUR: Stocks to watch on Wednesday include Sime Darby Bhd, London Biscuits Bhd, UEM Sunrise Bhd and MUI Properties Bhd, according to JF Apex Research.
RHB maintains 'Buy' on UEM Sunrise, TP at 99 sen
KUALA LUMPUR: UEM Sunrise Bhd's sale of its Mayfair project at St Kilda Road in Melbourne is oportunistic as the take-up rate for the project has not been encouraging since its launch two years ago, says RHB Investment research.