OMS Group inks deal with Ulstein for two next-generation cable-laying vessels
KUALA LUMPUR: OMS Group, a leading provider of subsea digital infrastructure, has signed contracts with advanced offshore vessel builder Ulstein for the design and construction of two cable-laying vessels.
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KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Recovery in glove sector ongoing but threats linger
PETALING JAYA: While the glove sector's recovery is ongoing, threats are still lingering, according to TA Research.
Genting Plantations earnings to face setback
PETALING JAYA: The hefty RM96.6mil administrative fine imposed on Genting Plantations Bhd's subsidiary, PT Susantri Permai by Indonesia's Forest Area Enforcement Task Force, will likely negatively impact Genting Plantations' earnings in the upcoming quarters, say analysts.
Mixed outlook for Swift Haulage earnings potential
PETALING JAYA: Swift Haulage Bhd's earnings prospects remain mixed, with downside risks arising from softer container haulage volumes, margin pressure from land transport and warehousing, says MBSB Research.
Lianson Fleet set for improving earnings visibility
PETALING JAYA: Kenanga Research has raised its target price for Lianson Fleet Group Bhd to RM2.40, a three-fold increase from 80 sen previously, citing the group's expanding growth avenues and improving earnings visibility.
Growing market liquidity poised to buoy Nestle
PETALING JAYA: Nestle (M) Bhd's resurgence is viewed as sustainable, underpinned by its marketing engagement efforts, the fall in commodity prices, a stronger ringgit, and the higher budget allocation by the government for income measures.
Bright outlook for Mi Technovation on multiple earnings drivers
PETALING JAYA: Analysts remains positive on Mi Technovation Bhd, as they see the group's diversification strategy "falling into place" and providing multiple earnings drivers over the next two years.
Higher liquidity to sustain upbeat outlook for retailers
PETALING JAYA: Improving liquidity will continue to support the bullish consumer sector sentiment and provide valuation rerating, according to RHB Research.
Binastra order book at record high of RM6bil
PETALING JAYA: Binastra Corp Bhd's lastest contract has pushed its order book to a record high of RM5.8bil translating to an order-book-revenue cover ratio of six times.
