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Corporate News 19 Sep 2016 | 5:10 AM

Market gives up early Monday gains

KUALA LUMPUR: Blue chips surrended all their early Monday gains to dip slightly into the red at the midday break on lack of sustained leads from funds as Petronas stocks, Digi and MISC fell.

Corporate News 16 Aug 2016 | 9:59 AM

KLCI bucks regional markets, crosses 1,700 briefly

KUALA LUMPUR: The FBM KLCI crossed the 1,700 level briefly on Tuesday on some buying of Axiata, Sime Darby and Maybank but the lack of follow-through support saw the 30-stock index easing off.

Markets 15 Aug 2016 | 10:27 AM

Tenaga, Sime boost KLCI, eyes 1,700 level

KUALA LUMPUR: Fund buying of key stocks including Tenaga Nasional, Sime Darby and Axiata underpinned the FBM KLCI's gains towards the key 1,700 level on Monday, due to the rebound in crude oil prices and stronger ringgit.

Forex 09 Aug 2016 | 10:12 AM

Foreign buying lifts KLCI out of the red

KUALA LUMPUR: Foreign buying underpinned the FBM KLCI's recovery in late Tuesday trade while the ringgit managed to extend its gains and more positive news came from the firmer crude palm oil prices.

Business 30 Jun 2016 | 12:00 AM

SapKen 'hold', Eco World 'Outperform'

ACCORDING to Hong Leong Investment Bank (HLIB) Sapurakencana Petroleum's first quarter 2017 core net profit of the group came at RM109.7mil, which it deems is within expectations.

Corporate News 31 May 2016 | 5:45 AM

SapuraKencana finds gas at 2 wells offshore Malaysia

KUALA LUMPUR: SapuraKencana Petroleum Bhd's unit has found gas at two of the three wells within the Block SK408 production sharing contract (PSC) area, offshore Malaysia.

Business 17 May 2016 | 12:00 AM

Malaysia Airports 'add', Genting 'market perform', Sapurakencana Petroleum 'hold'

CIMB Research has lowered its valuation on Malaysia Airports Holdings Bhd’s (MAHB) 100%-owned Istanbul Sabiha Gokcen (ISG) International Airport by 15% from from 795 million euros to 671 million euros, as the existing single runway could hit full capacity by 2017 and 2018

Corporate News 16 May 2016 | 2:01 AM

Upside for SKPetro on plans to monetise gas reserves

KUALA LUMPUR: Maybank Investment Bank Research (Maybank IB Research) says SapuraKencana Petroleum’s (SKPetro) plans to unlock and monetise its gas reserves is a “major catalyst” which has not been factored by the market yet.

Corporate News 28 Apr 2016 | 2:51 AM

KLCI slides nearly 8pts as Tenaga, Axiata and SK Petro weigh

KUALA LUMPUR: Blue chips extended their losses in mid-morning trade on Thursday depsite the firmer ringgit and jump in crude oil prices as Tenaga Nasional, Axiata and SapuraKencana Petroleum came under selling pressure.

Business 28 Apr 2016 | 12:00 AM

Seadrill to exit SapuraKencana

PETALING JAYA: Seadrill Ltd is seeking to sell up to RM815mil worth of shares in SapuraKencana Petroleum Bhd, marking its exit as a shareholder in the Malaysian oil and gas firm, sources say.