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KUALA LUMPUR: Shares in Icon Offshore Bhd jumped 46% this morning as the company returned to the black in the first quarter ended March 31.
KUALA LUMPUR: Stocks to watch on Monday include Ho Wah Genting Bhd, Minetech Resources Bhd, Rohas Tecnic Bhd, Gamuda Bhd, Genting Malaysia Bhd and Icon Offshore Bhd, according to JF Apex Research.
KUALA LUMPUR: Icon Offshore Bhd turned in earnings in the first quarter, as higher vessel utilisation rate boosted revenue and gross profit, while the company benefited from one-time gain on its debt restructuring exercise.
PETALING JAYA: While British American Tobacco (M) Bhd’s (BAT) earnings for the first half of 2020 is expected to contract due to the movement control order (MCO), lower operating expenses will help cushion sales decline
PETALING JAYA: BIMB Holdings Bhd’s private placement to raise RM800mil, which it plans to undertake as part of a group-wide restructuring, will now take place when the market improves
PETALING JAYA: The ongoing transformation exercise to rebuild Felcra Bhd’s financial liquidity and the re-strategisation of its core businesses will remain intact, despite the recent resignation of its board of directors.
AFTER the Pakatan Harapan government was installed in 2018, many contractors and their supply chain suffered severe cashflow disruption and had to incur bank borrowings in order to keep the projects afloat due to the restructuring exercise.
PEER-to-peer (P2P) lending has seen robust growth over the last three years as businesses turn to these platforms as an alternative means to raise funds for working capital.