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KUALA LUMPUR: IJM Corp Bhd warned of another tough quarter ahead after earnings were almost halved in the three-month ended Dec 31, 2019 on weaker margin at its construction business.
KUCHING: KKB Engineering Bhd has approved RM15mil in capital expenditure (capex) this year to fund further capacity expansion of its steel fabrication yard at Jalan Bako here to undertake major onshore fabrication jobs for the oil and gas (O&G) industry.
HONG KONG/SINGAPORE/JAKARTA: A Hong Kong watch maker who can’t get coils or wheels. New Zealand lobsters released back into the wild. A San Diego game studio facing delays to its latest fantasy board games. The coronavirus outbreak that has hobbled China’s economy is increasingly ricocheting through the world economy and supply chains.
KUALA LUMPUR: Dayang Enterprise Holdings Bhd, an oil and gas contractor, said annual revenue surpassed the RM1bil mark for the first time on robust maintenance job orders and higher vessel utilisation.
KUALA LUMPUR: Shares in Kumpulan Powernet Bhd jumped on Friday after the company said net profit climbed for a second consecutive quarter.
PETALING JAYA: Sunway Construction Group Bhd (SunCon), which has reported a higher profit before tax margin of 8.9% for the financial year of 2019 (FY19), has upped its order book target to RM2bil for 2020.
PETALING JAYA: Top Glove Corp Bhd’s unit TG Excellence Bhd is set to raise RM1.3bil from the perpetual sukuk issuance, having successfully priced its maiden transaction.
KUALA LUMPUR: Top Glove Corporation Bhd's unit TG Excellence Bhd is set to raise RM1.3bil from the perpetual sukuk issuance, having successfully priced its maiden transaction.
KUALA LUMPUR: Kenanga research is positive over news that Sapura Energy Bhd's joint venture with Petrofrac has secured a US$591mil EPC contract from the Abu Dhabi National Oil Company (Adnoc) for the Daima Gas development project.
KUALA LUMPUR: Wah Seong Corp Bhd’s net profit for the financial year ended Dec 31,2019 (FY 2019) declined to RM24.14mil from RM64.8mil a year ago.