The Edge Markets April 15, 2015 04:18:57 pm
AmFIRST REIT's Penang Mydin store buy to increase DPU by 0.34 sen per year
April 15, 2015 08:24:00 pm
KUALA LUMPUR (April 15): AmFIRST Real Estate Investment Trust (AmFIRST REIT) said the acquisition of Mydin Hypermall in Bukit Mertajam, Penang is expected to help lift the distribution per unit (DPU) by 0.34 sen per unit per year. Am ARA RE... ...
Oil rises on Middle East, U.S. output, but IEA report caps gains
April 15, 2015 08:14:58 pm
LONDON/SINGAPORE (April 15): Brent crude oil prices rose on Wednesday amid tension in the Middle East and signs of a dip in U.S. production, but gains were capped by a report from the International Energy Agency (IEA) indicating that suppli... ...
Anwarrudin is Perisai Petroleum's chairman
April 15, 2015 07:48:05 pm
KUALA LUMPUR (Apr 15): Perisai Petroleum Teknologi Bhd non-executive director (ED) Datuk Anwarrudin Ahamad Osman, 72, has been redesignated as chairman of the company, replacing Datuk Dr Mohamed Ariffin Aton. Ariffin, 69, will remain as a n... ...
Pesona Metro bags RM266.75m job to build offices, SoHo in Cyberjaya
April 15, 2015 07:34:41 pm
KUALA LUMPUR (April 15): Pesona Metro Holdings Bhd has bagged a RM266.75 million contract from PBT Engineering Sdn Bhd to build a 17-storey office block and two SoHo buildings in Cyberjaya, Selangor. In a filing with Bursa Malaysia, ... ...
Mitrajaya to sell 51% stake in Optimax, raising RM5.1m
April 15, 2015 07:22:35 pm
KUALA LUMPUR (April 15): Mitrajaya Holdings Bhd has agreed to dispose its entire 51% stake in Optimax Eye Specialist Centre Sdn Bhd, raising about RM5.1 million. In a filing to Bursa Malaysia today, Mitrajaya (fundamental: 1.7; valuation: 1... ...
Banking billionaire Tan Sri Quek Leng Chan ceases to be substantial shareholder in THHE
April 15, 2015 07:19:46 pm
Flash: Banking billionaire Tan Sri Quek Leng Chan ceases to be substantial shareholder in TH Heavy Engineering Bhd ...
CapitaMalls 1QFY15 distributable income fell 2.86%, DPU at 2.25 sen
April 15, 2015 06:53:50 pm
KUALA LUMPUR (Apr 15): CapitaMalls Malaysia Trust (CMMT) first financial quarter ended Mar 31, 2015 (1QFY15) recorded a distributable income of RM40.03 million, down 2.86% on-year from RM41.21 million a year ago. Distribution per unit (DPU)... ...
Malaysia Building to become Islamic bank after merger failure
April 15, 2015 06:42:36 pm
(Apr 15): Malaysia Building Society Bhd. plans to turn itself into an Islamic bank, following a failed merger plan that would have created the country’s biggest financial group. The company is studying options for the plan, which may happen... ...
Tropicana Corp sells stake in Tenaga Kimia for RM194.7m
April 15, 2015 06:34:26 pm
KUALA LUMPUR (Apr 15): Tropicana Corp Bhd is disposing of its entire 73% stake in Tenaga Kimia Sdn Bhd to Austin Powder Asia Pacific for RM194.7 million cash, which will be used to repay debt and for working capital. The property developer ..
Zhulian's 1Q net profit falls 27% to RM12.55m, declares 1.5 sen dividend
April 15, 2015 06:26:02 pm
KUALA LUMPUR (April 15): Zhulian Corp Bhd posted a 27% fall in its net profit to RM12.55 million for its first quarter ended Feb 28, 2015 (1QFY15), from RM17.18 million in the previous year, which brought its earnings per share to 2.73 sen, from 3......
Matrix Concepts proposes bonus issue with warrants
April 15, 2015 06:17:13 pm
KUALA LUMPUR (Apr 15): Matrix Concepts Holdings Bhd has proposed a bonus issue together with free new warrants, on the basis of one bonus share and one free warrant for every six Matrix Concepts shares held on an entitlement date to be determined ......
Tropicana Corp sells entire stake in Tenaga Kimia to repay debt, working capital
April 15, 2015 06:15:36 pm
Flash: Tropicana Corp sells entire stake in Tenaga Kimia to repay debt, working capital ...
AmFIRST REIT's Mydin store buy to contribute DPU of 0.34 sen per year
April 15, 2015 06:04:57 pm
Flash: AmFIRST REIT's Mydin store buy to contribute DPU of 0.34 sen per year ...
Pesona Metro bags RM266.75m job to build SoHo, office building in Cyberjaya
April 15, 2015 05:51:53 pm
Flash: Pesona Metro bags RM266.75m job to build SoHo, office building in Cyberjaya ...
Fitters Diversified's shares, warrants cross off market
April 15, 2015 05:42:04 pm
KUALA LUMPUR (April 15): Ten million Fitters Diversified Bhd shares crossed hands in off market trades today at 68 sen apiece, for a total of RM6.8 million. This represents 2.08% of the fire safety materials and systems manufacturer’s issue... ...
Mah Sing bags Frost & Sullivan Building Construction Industry award
April 15, 2015 05:40:50 pm
KUALA LUMPUR (Apr 15): Property developer Mah Sing Group Bhd was honoured with the 2015 Frost & Sullivan Excellence in Growth Building Construction Industry Award at the 2015 Malaysia Excellence Awards banquet held at Mandarin Oriental yesterd... ...
KLCI flat as oil gains offset weaker China growth impact
April 15, 2015 05:38:18 pm
KUALA LUMPUR (Apr 15): The FBM KLCI settled flat as oil and gas (O&G) share gains supported the index amid less-optimistic China economic data. At 5pm, the KLCI gained 0.52 point or 0.03% to close at 1,840.13 as stocks like Sapur... ...
Oil above $59 on Middle East, U.S. output, but IEA report caps gains
April 15, 2015 05:28:11 pm
LONDON (Apr 15): Brent crude oil prices rose above $59 a barrel on Wednesday amid tension in the Middle East and signs of a dip in U.S. production, but gains were capped by a report from the International Energy Agency (IEA) indicating that suppli......
Niche Capital sees 5.19% cross off-market
April 15, 2015 05:38:18 pm
KUALA LUMPUR (Apr 15): Niche Capital Emas Holdings Bhd saw 12.1 million shares cross in off market trades this afternoon, representing a 5.19% stake...
Dian Siswarini is new president director of XL Axiata
April 15, 2015 04:18:57 pm
KUALA LUMPUR (Apr 13): Axiata Group Bhd has promoted PT XL Axiata Tbk deputy chief exective officer Dian Siswarini to president director, replacing Hasnul Suhaimi who is retiring. "With close to 20 years of experience in the telecommunicati... ...
Palm up for 4th day to 1-week high as Indonesian levy draws close
April 15, 2015 04:10:47 pm
KUALA LUMPUR (Apr 15): Malaysian palm oil futures rose to a one-week high on Wednesday, stretching gains into a fourth day as top grower Indonesia moved closer to laying on levies which may make its palm more expensive for importers. The S... ...
SapuraKencana, Perisai jump 7% each on higher crude oil prices
April 15, 2015 03:33:45 pm
KUALA LUMPUR (April 15): SapuraKencana Petroleum Bhd and Perisai Petroleum Teknologi Bhd jumped as much as 7% each on news that crude oil prices rose on signs of a dip in US production. SapuraKencana (fundamental: 1.3; valuation: 1.4... ...
Petronas in cost-optimisation with service providers, denies rumour on pay cut & retrechment
April 15, 2015 03:22:23 pm
KUALA LUMPUR (April 15): Petroliam Nasional Bhd (Petronas) president and CEO Datuk Wan Zulkiflee Wan Ariffin said Malaysia's national oil company was undertaking a cost-optimisation exercise with its service providers. Petronas' cost... ...
Perodua Myvi named Value-for-Money Car of the Year
April 15, 2015 02:56:01 pm
KUALA LUMPUR (April 15): The Perodua Myvi has won the best Value-for-Money Car of the Year award for the 1.3L and above category at the annual Frost & Sullivan Malaysia Excellence Awards last night. In a statement today, Perusa... ...
MBSB hopes to see 8% loan growth
April 15, 2015 02:41:40 pm
KUALA LUMPUR (Apr 15): Malaysia Building Society Bhd (MBSB) is hoping to see a loan growth of up to 8% this year from 3% last year. "We are hoping for a 7% to 8% loan growth this year despite foreseeing a challenging environment," MBSB pres... ...
Axiata Group appoints new chief executive for Indonesian telco arm
April 15, 2015 02:34:47 pm
KUALA LUMPUR (Apr 15): Malaysia's Axiata Group has appointed a new chief executive for its Indonesian telecommunications firm, PT XL Axiata Tbk, the company said in a statement on Wednesday. Dian Siswarini, XL Axiata's deputy chief executiv... ...
Stocks With Momentum: Lien Hoe
April 15, 2015 02:32:48 pm
Lien Hoe Corporation Bhd (+ve) Lien Hoe (Fundamental: 0.55/3, Valuation: 0.9/3) is principally involved in the construction, hotel and leisure, as well as property investment business. The two hotels under its stable are Hot... ...
Petronas CEO denies reports of staff pay cuts
April 15, 2015 02:23:40 pm
KUALA LUMPUR (Apr 15): Malaysian state oil firm Petroliam Nasional Bhd (Petronas) on Wednesday denied a media report that said staff at one of its units were asked to take a pay cut due to the plunge in global oil prices. "It is misr... ...
Ringgit leads Asia FX losses on slower China growth
April 15, 2015 02:20:15 pm
SINGAPORE (Apr 15): Malaysia's ringgit led losses among emerging Asian currencies on Wednesday amid sustained concerns over a slowing Chinese economy with growth in the world's second-largest economy at a six-year low. The ringgit fe... ...
Bintai Kinden bags Singapore land-transport contract
April 15, 2015 01:56:46 pm
KUALA LUMPUR (Apr 15): Bintai Kinden Corp Bhd has bagged a S$17.7 million (RM48.1 million) contract, which involves the maintenance of land-transport premises in Singapore. Bintai Kinden (fundamental: 0.35; valuation: 1.2) announced to Bur... ...
Denko, IFCA MSC, Visdynamics, Careplus, APFT, Globaltec, OWG, Pasdec, Komarkcorp, Ken Holdings
April 15, 2015 01:40:31 pm
KUALA LUMPUR (April 15): theedgemarkets.com has highlighted 10 stocks with momentum at afternoon market close today. Only one of the stock show positive momentum while nine show negative mome... ...
KLCI sees limited gains in line with mixed regional markets
April 15, 2015 01:10:01 pm
KUALA LUMPUR (Apr 15): The FBM KLCI rose at the midday break today but gains were limited as sentiment remained lacklustre after the International Monetary Fund said Malaysia’s growth is expected to slow markedly to 4.8% this year from 6% i... (funct...
Box-Pak sees revenue growth moderating
April 15, 2015 01:05:01 pm
KUALA LUMPUR (Apr 15): Box-Pak (M) Bhd expects current year revenue growth to moderate as the paper-based packaging products manufacturer contends...
Insider Asia’s Stock Of The Day: Thong Guan
April 15, 2015 12:37:55 pm
Thong Guan Industries Bhd Thong Guan (Fundamental: 1.8/3, Valuation: 2.0/3) saw its share price rise as high as RM2.41 from RM2.07 when we first recommended the stock, in November 2014. However, prices fell to... ...
Stocks With Momentum: Willowglen
April 15, 2015 12:34:36 pm
Willowglen MSC Bhd (-ve) Willowglen (Fundamental: 3/3, Valuation: 0.9/3) surged to a high of 97 sen, before closing up 5.1% to 93.5 sen yesterday, after it secured two contracts totalling RM9.0 million from Singapore’s Publi... ...
Stocks With Momentum: Federal Furniture
April 15, 2015 12:30:48 pm
Federal Furniture Holdings (M) Bhd (+ve) Shares for Federal Furniture (FFHB) (Fundamental: 1/3, Valuation: 1.1/3) have been rising steadily this year, likely due to positive sentiment for the furniture industry as a whole....
Warehousing to be Tasco’s key top-line driver
April 15, 2015 12:05:52 pm
Tasco Bhd (April 14, RM3.90) Maintain buy, with a revised target price (TP) of RM4.76, from RM3.43 previously. Tasco is likely to participate in more regional logistics contracts, which should propel its earnings grow... ...
Asia stocks falter as China loses its mojo
April 15, 2015 12:03:23 pm
SYDNEY (Apr 15): Asian markets stumbled on Wednesday as relief China had matched its own growth target was soured by poor readings on consumer demand and industrial activity, underlining the need for more policy action by Beijing. Growth in... ...
Property deals in Johor plummet in 4Q14
April 15, 2015 12:02:04 pm
Property sector Maintain neutral. Property transactions in Johor have plummeted 33% quarter-on-quarter (q-o-q) in the fourth quarter of 2014 (4Q14), underperforming the country (-7%) and other major cities/states such as Ku... ...
BAT embroiled in price wars
April 15, 2015 11:59:22 am
British American Tobacco (Malaysia) Bhd (April 14, RM68.80) Maintain hold with lowered target price (TP) of RM70.10. We reiterate our hold recommendation on British American Tobacco (Malaysia) (BAT) with a slightly low... ...
No surplus cash distribution by RHBCap to shareholders
April 15, 2015 11:45:02 am
RHB Capital Bhd (April 14, RM7.96) Maintain hold with a target price (TP) of RM8.30. As expected, RHB Capital Bhd (RHBCap) announced its widely-anticipated internal reorganisation and rights issue to raise up to RM2.5 ... ...
Market may rebound this week
April 15, 2015 11:39:27 am
GLOBAL markets, especially in this region, were in a buying frenzy and indices climbed to multi-year highs. However, the local market did not share the same sentiment as it was weighed down by a weak ringgit. Last week, I mentioned that the FBMKLC......
Maybank launches new apps to strengthen digital banking presence
April 15, 2015 11:37:59 am
KUALA LUMPUR (Apr 15): Malayan Banking Bhd (Maybank) has launched two new mobile applications (apps) — Maybank Treats and Maybank Property Finder — today which aims to strengthen the group's digital presence as well as enhance convenience f... ...
Benalec gains 1.85% for progress in oil storage hub project
April 15, 2015 11:18:16 am
KUALA LUMPUR (Apr 15): Benalec Holdings Bhd rose as much as 1.5 sen or 1.85% to 82.5 sen after the company had engaged with Pestech International to build power supply infrastructure for its Tanjung Piai Integrated Petroleum and Maritime Industria......
Oil prices rise after signs of U.S. production dip
April 15, 2015 11:18:11 am
SINGAPORE (Apr 15): Oil prices rose on Wednesday after signs of a dip in U.S. production, but gains were capped by Chinese quarterly growth slowing to a six-year low. Front-month Brent crude futures were trading up 47 cents at $58.90 a barr... ...
Malaysia's April 1-15 palm oil exports down 2.9 pct m/m - ITS
April 15, 2015 11:15:05 am
KUALA LUMPUR (Apr 15): Exports of Malaysian palm oil products for April 1-15 fell 2.9 percent to 477,295 tonnes, from 491,727 tonnes shipped during March 1-15, cargo surveyor Intertek Testing Services said on Wednesday. ...
Gamuda Walk officially opens its doors
April 15, 2015 11:09:50 am
SHAH ALAM: Gamuda Land Sdn Bhd, the property development division of Gamuda Bhd, aims for a tenancy of up to 90% by June — six months after the soft launch of Gamuda Walk, its community lifestyle retail centre in Kota Kemuning. At a media e... ...
IFCA extends gain on plans to launch new cloud-based solutions
April 15, 2015 11:09:35 am
KUALA LUMPUR (Apr 15): IFCA MSC Bhd extended its gains today on plans to launch new cloud-based solutions for small and medium enterprises (SMEs), and high growth from the China market. As at 10.45am, the stock was traded at RM1.46, rose 6 ... ...
Bumi Armada gains 6% on RM1.1b Malta contracts
April 15, 2015 11:05:15 am
KUALA LUMPUR (Apr 15): Bumi Armada Bhd gained as much as six sen or 6% to RM1.12 after the oil and gas support services firm secured a US$300 million (RM1.1 billion) floating storage unit (FSU) contract in Malta. At 10.05am, Bumi Arm... ...
Bioalpha to spend RM3m to beef up its R&D
April 15, 2015 11:04:22 am
KUALA LUMPUR: Integrated health supplement manufacturer and distributor, Bioalpha Holdings Bhd, which debuted on Bursa Malaysia’s ACE Market yesterday, is setting aside RM3 million from the proceeds of its initial public offering (IPO) to enhance ......
CMSB rises 4 sen as it bags RM308m construction contract
April 15, 2015 11:00:46 am
KUALA LUMPUR (Apr 15): Cahya Mata Sarawak Bhd (CMSB) share price rose as much as 4 sen or 0.83% to RM 4.85 this morning on news that it has bagged a RM308 million contract from the Sarawak government to build a world-class museum and heritage trai......
EPS dilution weighs on RHBCap shares
April 15, 2015 10:59:34 am
KUALA LUMPUR: While analysts were mostly positive about RHB Capital Bhd’s (RHBCap) proposed internal restructuring and rights issue, the dilutive effect on earnings per share (EPS) — expected to range between 10% and 30% — weighed on its share pri......
Boustead buys Irat stake at a higher price of RM199m
April 15, 2015 10:48:13 am
KUALA LUMPUR: Boustead Holdings Bhd has acquired a 50% stake in Irat Properties Sdn Bhd for RM199 million cash, which will see the conglomerate...
Nikkei flat in choppy trade; investors pause after recent rally
April 15, 2015 10:47:38 am
TOKYO (Apr 15): Japan's Nikkei share average was flat on Wednesday as investors took profits on recent gainers such as drugmakers, but expectations...
Cahya Mata bags RM308m museum, heritage trail job
April 15, 2015 10:43:25 am
KUALA LUMPUR: Cahya Mata Sarawak Bhd (CMSB) has bagged a RM308 million contract from the Sarawak government to build a world-class museum and a heritage trail in Kuching. In a filing with Bursa Malaysia, CMSB (fundamental: 3; valuation: 1.1... ...
Hang Seng exuberance, muted local bourse
April 15, 2015 10:33:05 am
KUALA LUMPUR: Malaysian stocks are unlikely to see any spillover effect from the exuberance seen in the Hong Kong market where the Hang Seng Index broke through the psychological 28,000 mark for the first time in more than seven years on Monday....
AmFIRST to firm up Mydin store buy today
April 15, 2015 10:30:30 am
KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFIRST REIT) has confirmed that it is acquiring a Mydin store in Bukit Mertajam, Penang — its first investment in the north — confirming a report in The Edge Financial Daily published yesterday.......
KLCI reverses losses but sentiment remains lacklustre
April 15, 2015 10:25:17 am
KUALA LUMPUR (April 15): The FBM KLCI reversed its losses at mid-morning but gains were limited as sentiment remained lacklustre after the International Monetary Fund said Malaysia’s growth is expected to slow markedly to 4.8% this year from 6% in......
Asian stocks drop with Aussie as data shows weaker China growth
April 15, 2015 10:19:59 am
WELLINGTON/HONG KONG (Apr 15): Asian stocks fell from an almost seven-year high and the Australian dollar slid against most peers as data showed China’s economy slowed to the weakest pace of expansion since 2009 last quarter. Crude oil rose... ...
IFCA to sustain growth momentum
April 15, 2015 10:13:25 am
KUALA LUMPUR: IFCA MSC Bhd, whose share price has gained 1,310.53% in the past year as one of the major beneficiaries of the goods and services tax (GST), expects to sustain its strong growth momentum in 2015, driven by the launch of new cl... ...
Century Bond jumps 6.5% on positive report by PublicInvest Research
April 15, 2015 10:11:15 am
KUALA LUMPUR (April 15): Shares of Century Bhd Bhd jumped this morning after PublicInvest Research said the company’s shares were worth at least RM2.19. At 9.53am, Century Bond rose 6.52% or nine sen to RM1.47 with 688,400 shares done. ... ...
Eco World jumps 3.41% after Kenanga IB starts coverage
April 15, 2015 10:03:41 am
KUALA LUMPUR (April 15): Shares of Eco World Development Group Bhd rose at mid-morning today after Kenanga IB Research initiated coverage on the stock at RM1.77 with an “Outperform” rating and target price of RM2.05. At 9.45am. Eco World ro... ...
EPF sells London property to British Land for RM1.14b
April 15, 2015 10:00:45 am
KUALA LUMPUR: The Employees Provident Fund (EPF) is disposing of its One Sheldon Square at Paddington Central in London’s West End — its first property disposal in the United Kingdom — to London-listed British Land Co plc for £210 million (RM1.14 ......
Hunza: Loke Realty’s suit has no major impact on operations, finance
April 15, 2015 09:58:43 am
KUALA LUMPUR: Penang property developer Hunza Properties Bhd announced that a suit brought against it by Loke Wan Yat Realty Sdn Bhd (Loke Realty) would not have any material operational, financial and losses impact on its operations. In a ... ...
Kenanga IB Research starts coverage on Eco World, target RM2.05
April 15, 2015 09:56:41 am
KUALA LUMPUR (April 15): Kenanga IB Research has initiated coverage on Eco World Development Group Bhd at RM1.77 with an “Outperform” rating and target price of RM2.05. In a note today, the research house said its targ price only offered a ... ...
Benalec engages Pestech
April 15, 2015 09:51:05 am
KUALA LUMPUR: Benalec Holdings Bhd will engage Pestech International Bhd to establish the power supply infrastructure for Benalec’s Tanjung Piai Integrated Petroleum and Maritime Industrial Park (Tanjung Piai Industrial Park) in Pontian, Johor....
Cahya Mata shares up on RM308m Sarawak museum construction project
April 15, 2015 09:50:25 am
Cahya Mata shares up on RM308m Sarawak museum construction project ...
KLCI extends loss for sixth day
April 15, 2015 09:17:00 am
KUALA LUMPUR (April 15): The FBM KLCI extended its loss in early trade today for the sixth consecutive day on lacklustre sentiment after the International Monetary Fund said Malaysia’s growth is expected to slow markedly to 4.8% this year f... ...
AffinHwang Capital remains cautious on Media Prima
April 15, 2015 08:40:10 am
KUALA LUMPUR (April 15): AffinHwang Capital Research has maintained its “Sell” rating on Media Prima Bhd (MPR) with an unchanged target price of RM1.50 and said it was still cautious on MPR given the weakness in its main segments (TV and print) as......
MIDF Research maintains Neutral on Bumi Armada, target RM1.12
April 15, 2015 08:36:00 am
KUALA LUMPUR (April 15): MIDF Research has maintained its “Neutral” rating on Bumi Armada Bhd with an unchanged target price of RM1.12 after Bumi Armada’s (BAB) units entered into agreements with ElectroGas Malta Limited In a note today, th... ...
ViTrox to close 1H15 with RM100m sales, says HLIB Research
April 15, 2015 08:32:30 am
KUALA LUMPUR (April 15): Hong Leong IB Research has maintained its “Buy” rating on ViTrox Corporation Bhd at RM3.56 with an unchanged target price of RM3.80 and said ViTrox’s 1Q15 sales could potentially grow 49% year-on-year (y-o-y) to RM34 milli......
KLCI set to continue cautious stance
April 15, 2015 07:19:22 am
KUALA LUMPUR (April 15): The FBM KLCI is set to continue on its cautious trend today in the absence of fresh domestic catalysts as well as ahead of crucial economic data from China. The U.S. dollar fell sharply on Tuesday, weighed by... ...
Wall Street ends higher after bounce in oil prices
April 15, 2015 07:05:20 am
NEW YORK (April 15): The Dow and S&P 500 ended higher on Tuesday, helped by energy stocks and quarterly earnings reports that topped modest expectations following worries about a strong dollar. Shares of Exxon Mobil, Chevron and other e... ...
Cahya Mata Sarawak, Bumi Armada, Hunza Properties, BCorp, TNB, Boustead Holdings, Coastal Contracts, Benalec and Pestech
April 14, 2015 10:23:37 pm
KUALA LUMPUR (April 14): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Wednesday, April 15) could include: Cahya Mata Sarawak, Bumi Armada, Hunza Properties, Berjaya Corp (BCorp), TNB, Bouste... ...
Oil above $58 on U.S. shale report, Mideast tension
April 14, 2015 10:01:48 pm
LONDON/SINGAPORE (April 14): Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in more than four years and on tensions in Yemen, where top oil exporter Saudi Arabia is embroiled in ... ...
Hunza: Loke Realty's legal suit has no impact on operations and finance
April 14, 2015 09:12:47 pm
KUALA LUMPUR (April 14): Penang property developer Hunza Properties Bhd announced a suit brought against it by Loke Wan Yat Realty Sdn Bhd (Loke Realty) would not have any material operational, financial or loss impact on the former. ...
Lay Hong obtains Bursa’s conditional approval for 15% private placement
April 14, 2015 08:59:11 pm
KUALA LUMPUR (April 14): Poultry producer Lay Hong Bhd has obtained conditional approval from the Bursa Securities to carry out its private placement of up to 15% of its issued and paid up capital. In a filing to the exchange, Lay Hong ... ...
Bumi Armada bags RM1.1b Malta FSU job
April 14, 2015 08:14:42 pm
KUALA LUMPUR (Apr 14): Offshore oilfield services provider Bumi Armada Bhd has secured a US$300 million (RM1.1 billion) contract from ElectroGas Malta Ltd to supply a liquefied natural gas (LNG) floating storage unit (FSU) for a project relating t......
Pestech to build power supply infrastructure for Benalec's Tanjung Piai industrial park
April 14, 2015 08:00:27 pm
Flash: Pestech to build power supply infrastructure for Benalec's Tanjung Piai industrial park ...
AmFIRST to firm up Mydin store acquisition tomorrow, confirms The Edge FD's report
April 14, 2015 07:59:02 pm
KUALA LUMPUR (April 14): AmFIRST Real Estate Investment Trust (AmFIRST REIT) has confirmed that it is acquiring a Mydin store in Bukit Mertajam, Penang, confirming a report in The Edge Financial Daily published today. The tr... ...
Cahya Mata bags RM308m Sarawak museum, heritage trail job
April 14, 2015 07:49:27 pm
KUALA LUMPUR (Apr 14): Cahya Mata Sarawak Bhd (CMSB) has bagged a RM308 million contract from the Sarawak state government to build a world class museum and a heritage trail in Kuching. In a filing with Bursa Malaysia, CMSB (fundamen... (function(i,s...
April 15, 2015 08:24:00 pm
KUALA LUMPUR (April 15): AmFIRST Real Estate Investment Trust (AmFIRST REIT) said the acquisition of Mydin Hypermall in Bukit Mertajam, Penang is expected to help lift the distribution per unit (DPU) by 0.34 sen per unit per year. Am ARA RE... ...
April 15, 2015 08:14:58 pm
LONDON/SINGAPORE (April 15): Brent crude oil prices rose on Wednesday amid tension in the Middle East and signs of a dip in U.S. production, but gains were capped by a report from the International Energy Agency (IEA) indicating that suppli... ...
April 15, 2015 07:48:05 pm
KUALA LUMPUR (Apr 15): Perisai Petroleum Teknologi Bhd non-executive director (ED) Datuk Anwarrudin Ahamad Osman, 72, has been redesignated as chairman of the company, replacing Datuk Dr Mohamed Ariffin Aton. Ariffin, 69, will remain as a n... ...
April 15, 2015 07:34:41 pm
KUALA LUMPUR (April 15): Pesona Metro Holdings Bhd has bagged a RM266.75 million contract from PBT Engineering Sdn Bhd to build a 17-storey office block and two SoHo buildings in Cyberjaya, Selangor. In a filing with Bursa Malaysia, ... ...
April 15, 2015 07:22:35 pm
KUALA LUMPUR (April 15): Mitrajaya Holdings Bhd has agreed to dispose its entire 51% stake in Optimax Eye Specialist Centre Sdn Bhd, raising about RM5.1 million. In a filing to Bursa Malaysia today, Mitrajaya (fundamental: 1.7; valuation: 1... ...
April 15, 2015 07:19:46 pm
Flash: Banking billionaire Tan Sri Quek Leng Chan ceases to be substantial shareholder in TH Heavy Engineering Bhd ...
April 15, 2015 06:53:50 pm
KUALA LUMPUR (Apr 15): CapitaMalls Malaysia Trust (CMMT) first financial quarter ended Mar 31, 2015 (1QFY15) recorded a distributable income of RM40.03 million, down 2.86% on-year from RM41.21 million a year ago. Distribution per unit (DPU)... ...
April 15, 2015 06:42:36 pm
(Apr 15): Malaysia Building Society Bhd. plans to turn itself into an Islamic bank, following a failed merger plan that would have created the country’s biggest financial group. The company is studying options for the plan, which may happen... ...
April 15, 2015 06:34:26 pm
KUALA LUMPUR (Apr 15): Tropicana Corp Bhd is disposing of its entire 73% stake in Tenaga Kimia Sdn Bhd to Austin Powder Asia Pacific for RM194.7 million cash, which will be used to repay debt and for working capital. The property developer ..
April 15, 2015 06:26:02 pm
KUALA LUMPUR (April 15): Zhulian Corp Bhd posted a 27% fall in its net profit to RM12.55 million for its first quarter ended Feb 28, 2015 (1QFY15), from RM17.18 million in the previous year, which brought its earnings per share to 2.73 sen, from 3......
April 15, 2015 06:17:13 pm
KUALA LUMPUR (Apr 15): Matrix Concepts Holdings Bhd has proposed a bonus issue together with free new warrants, on the basis of one bonus share and one free warrant for every six Matrix Concepts shares held on an entitlement date to be determined ......
April 15, 2015 06:15:36 pm
Flash: Tropicana Corp sells entire stake in Tenaga Kimia to repay debt, working capital ...
April 15, 2015 06:04:57 pm
Flash: AmFIRST REIT's Mydin store buy to contribute DPU of 0.34 sen per year ...
April 15, 2015 05:51:53 pm
Flash: Pesona Metro bags RM266.75m job to build SoHo, office building in Cyberjaya ...
April 15, 2015 05:42:04 pm
KUALA LUMPUR (April 15): Ten million Fitters Diversified Bhd shares crossed hands in off market trades today at 68 sen apiece, for a total of RM6.8 million. This represents 2.08% of the fire safety materials and systems manufacturer’s issue... ...
April 15, 2015 05:40:50 pm
KUALA LUMPUR (Apr 15): Property developer Mah Sing Group Bhd was honoured with the 2015 Frost & Sullivan Excellence in Growth Building Construction Industry Award at the 2015 Malaysia Excellence Awards banquet held at Mandarin Oriental yesterd... ...
April 15, 2015 05:38:18 pm
KUALA LUMPUR (Apr 15): The FBM KLCI settled flat as oil and gas (O&G) share gains supported the index amid less-optimistic China economic data. At 5pm, the KLCI gained 0.52 point or 0.03% to close at 1,840.13 as stocks like Sapur... ...
April 15, 2015 05:28:11 pm
LONDON (Apr 15): Brent crude oil prices rose above $59 a barrel on Wednesday amid tension in the Middle East and signs of a dip in U.S. production, but gains were capped by a report from the International Energy Agency (IEA) indicating that suppli......
April 15, 2015 05:38:18 pm
KUALA LUMPUR (Apr 15): Niche Capital Emas Holdings Bhd saw 12.1 million shares cross in off market trades this afternoon, representing a 5.19% stake...
April 15, 2015 04:18:57 pm
KUALA LUMPUR (Apr 13): Axiata Group Bhd has promoted PT XL Axiata Tbk deputy chief exective officer Dian Siswarini to president director, replacing Hasnul Suhaimi who is retiring. "With close to 20 years of experience in the telecommunicati... ...
April 15, 2015 04:10:47 pm
KUALA LUMPUR (Apr 15): Malaysian palm oil futures rose to a one-week high on Wednesday, stretching gains into a fourth day as top grower Indonesia moved closer to laying on levies which may make its palm more expensive for importers. The S... ...
April 15, 2015 03:33:45 pm
KUALA LUMPUR (April 15): SapuraKencana Petroleum Bhd and Perisai Petroleum Teknologi Bhd jumped as much as 7% each on news that crude oil prices rose on signs of a dip in US production. SapuraKencana (fundamental: 1.3; valuation: 1.4... ...
April 15, 2015 03:22:23 pm
KUALA LUMPUR (April 15): Petroliam Nasional Bhd (Petronas) president and CEO Datuk Wan Zulkiflee Wan Ariffin said Malaysia's national oil company was undertaking a cost-optimisation exercise with its service providers. Petronas' cost... ...
April 15, 2015 02:56:01 pm
KUALA LUMPUR (April 15): The Perodua Myvi has won the best Value-for-Money Car of the Year award for the 1.3L and above category at the annual Frost & Sullivan Malaysia Excellence Awards last night. In a statement today, Perusa... ...
April 15, 2015 02:41:40 pm
KUALA LUMPUR (Apr 15): Malaysia Building Society Bhd (MBSB) is hoping to see a loan growth of up to 8% this year from 3% last year. "We are hoping for a 7% to 8% loan growth this year despite foreseeing a challenging environment," MBSB pres... ...
April 15, 2015 02:34:47 pm
KUALA LUMPUR (Apr 15): Malaysia's Axiata Group has appointed a new chief executive for its Indonesian telecommunications firm, PT XL Axiata Tbk, the company said in a statement on Wednesday. Dian Siswarini, XL Axiata's deputy chief executiv... ...
April 15, 2015 02:32:48 pm
Lien Hoe Corporation Bhd (+ve) Lien Hoe (Fundamental: 0.55/3, Valuation: 0.9/3) is principally involved in the construction, hotel and leisure, as well as property investment business. The two hotels under its stable are Hot... ...
April 15, 2015 02:23:40 pm
KUALA LUMPUR (Apr 15): Malaysian state oil firm Petroliam Nasional Bhd (Petronas) on Wednesday denied a media report that said staff at one of its units were asked to take a pay cut due to the plunge in global oil prices. "It is misr... ...
April 15, 2015 02:20:15 pm
SINGAPORE (Apr 15): Malaysia's ringgit led losses among emerging Asian currencies on Wednesday amid sustained concerns over a slowing Chinese economy with growth in the world's second-largest economy at a six-year low. The ringgit fe... ...
April 15, 2015 01:56:46 pm
KUALA LUMPUR (Apr 15): Bintai Kinden Corp Bhd has bagged a S$17.7 million (RM48.1 million) contract, which involves the maintenance of land-transport premises in Singapore. Bintai Kinden (fundamental: 0.35; valuation: 1.2) announced to Bur... ...
April 15, 2015 01:40:31 pm
KUALA LUMPUR (April 15): theedgemarkets.com has highlighted 10 stocks with momentum at afternoon market close today. Only one of the stock show positive momentum while nine show negative mome... ...
April 15, 2015 01:10:01 pm
KUALA LUMPUR (Apr 15): The FBM KLCI rose at the midday break today but gains were limited as sentiment remained lacklustre after the International Monetary Fund said Malaysia’s growth is expected to slow markedly to 4.8% this year from 6% i... (funct...
April 15, 2015 01:05:01 pm
KUALA LUMPUR (Apr 15): Box-Pak (M) Bhd expects current year revenue growth to moderate as the paper-based packaging products manufacturer contends...
April 15, 2015 12:37:55 pm
Thong Guan Industries Bhd Thong Guan (Fundamental: 1.8/3, Valuation: 2.0/3) saw its share price rise as high as RM2.41 from RM2.07 when we first recommended the stock, in November 2014. However, prices fell to... ...
April 15, 2015 12:34:36 pm
Willowglen MSC Bhd (-ve) Willowglen (Fundamental: 3/3, Valuation: 0.9/3) surged to a high of 97 sen, before closing up 5.1% to 93.5 sen yesterday, after it secured two contracts totalling RM9.0 million from Singapore’s Publi... ...
April 15, 2015 12:30:48 pm
Federal Furniture Holdings (M) Bhd (+ve) Shares for Federal Furniture (FFHB) (Fundamental: 1/3, Valuation: 1.1/3) have been rising steadily this year, likely due to positive sentiment for the furniture industry as a whole....
April 15, 2015 12:05:52 pm
Tasco Bhd (April 14, RM3.90) Maintain buy, with a revised target price (TP) of RM4.76, from RM3.43 previously. Tasco is likely to participate in more regional logistics contracts, which should propel its earnings grow... ...
April 15, 2015 12:03:23 pm
SYDNEY (Apr 15): Asian markets stumbled on Wednesday as relief China had matched its own growth target was soured by poor readings on consumer demand and industrial activity, underlining the need for more policy action by Beijing. Growth in... ...
April 15, 2015 12:02:04 pm
Property sector Maintain neutral. Property transactions in Johor have plummeted 33% quarter-on-quarter (q-o-q) in the fourth quarter of 2014 (4Q14), underperforming the country (-7%) and other major cities/states such as Ku... ...
April 15, 2015 11:59:22 am
British American Tobacco (Malaysia) Bhd (April 14, RM68.80) Maintain hold with lowered target price (TP) of RM70.10. We reiterate our hold recommendation on British American Tobacco (Malaysia) (BAT) with a slightly low... ...
April 15, 2015 11:45:02 am
RHB Capital Bhd (April 14, RM7.96) Maintain hold with a target price (TP) of RM8.30. As expected, RHB Capital Bhd (RHBCap) announced its widely-anticipated internal reorganisation and rights issue to raise up to RM2.5 ... ...
April 15, 2015 11:39:27 am
GLOBAL markets, especially in this region, were in a buying frenzy and indices climbed to multi-year highs. However, the local market did not share the same sentiment as it was weighed down by a weak ringgit. Last week, I mentioned that the FBMKLC......
April 15, 2015 11:37:59 am
KUALA LUMPUR (Apr 15): Malayan Banking Bhd (Maybank) has launched two new mobile applications (apps) — Maybank Treats and Maybank Property Finder — today which aims to strengthen the group's digital presence as well as enhance convenience f... ...
April 15, 2015 11:18:16 am
KUALA LUMPUR (Apr 15): Benalec Holdings Bhd rose as much as 1.5 sen or 1.85% to 82.5 sen after the company had engaged with Pestech International to build power supply infrastructure for its Tanjung Piai Integrated Petroleum and Maritime Industria......
April 15, 2015 11:18:11 am
SINGAPORE (Apr 15): Oil prices rose on Wednesday after signs of a dip in U.S. production, but gains were capped by Chinese quarterly growth slowing to a six-year low. Front-month Brent crude futures were trading up 47 cents at $58.90 a barr... ...
April 15, 2015 11:15:05 am
KUALA LUMPUR (Apr 15): Exports of Malaysian palm oil products for April 1-15 fell 2.9 percent to 477,295 tonnes, from 491,727 tonnes shipped during March 1-15, cargo surveyor Intertek Testing Services said on Wednesday. ...
April 15, 2015 11:09:50 am
SHAH ALAM: Gamuda Land Sdn Bhd, the property development division of Gamuda Bhd, aims for a tenancy of up to 90% by June — six months after the soft launch of Gamuda Walk, its community lifestyle retail centre in Kota Kemuning. At a media e... ...
April 15, 2015 11:09:35 am
KUALA LUMPUR (Apr 15): IFCA MSC Bhd extended its gains today on plans to launch new cloud-based solutions for small and medium enterprises (SMEs), and high growth from the China market. As at 10.45am, the stock was traded at RM1.46, rose 6 ... ...
April 15, 2015 11:05:15 am
KUALA LUMPUR (Apr 15): Bumi Armada Bhd gained as much as six sen or 6% to RM1.12 after the oil and gas support services firm secured a US$300 million (RM1.1 billion) floating storage unit (FSU) contract in Malta. At 10.05am, Bumi Arm... ...
April 15, 2015 11:04:22 am
KUALA LUMPUR: Integrated health supplement manufacturer and distributor, Bioalpha Holdings Bhd, which debuted on Bursa Malaysia’s ACE Market yesterday, is setting aside RM3 million from the proceeds of its initial public offering (IPO) to enhance ......
April 15, 2015 11:00:46 am
KUALA LUMPUR (Apr 15): Cahya Mata Sarawak Bhd (CMSB) share price rose as much as 4 sen or 0.83% to RM 4.85 this morning on news that it has bagged a RM308 million contract from the Sarawak government to build a world-class museum and heritage trai......
April 15, 2015 10:59:34 am
KUALA LUMPUR: While analysts were mostly positive about RHB Capital Bhd’s (RHBCap) proposed internal restructuring and rights issue, the dilutive effect on earnings per share (EPS) — expected to range between 10% and 30% — weighed on its share pri......
April 15, 2015 10:48:13 am
KUALA LUMPUR: Boustead Holdings Bhd has acquired a 50% stake in Irat Properties Sdn Bhd for RM199 million cash, which will see the conglomerate...
April 15, 2015 10:47:38 am
TOKYO (Apr 15): Japan's Nikkei share average was flat on Wednesday as investors took profits on recent gainers such as drugmakers, but expectations...
April 15, 2015 10:43:25 am
KUALA LUMPUR: Cahya Mata Sarawak Bhd (CMSB) has bagged a RM308 million contract from the Sarawak government to build a world-class museum and a heritage trail in Kuching. In a filing with Bursa Malaysia, CMSB (fundamental: 3; valuation: 1.1... ...
April 15, 2015 10:33:05 am
KUALA LUMPUR: Malaysian stocks are unlikely to see any spillover effect from the exuberance seen in the Hong Kong market where the Hang Seng Index broke through the psychological 28,000 mark for the first time in more than seven years on Monday....
April 15, 2015 10:30:30 am
KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFIRST REIT) has confirmed that it is acquiring a Mydin store in Bukit Mertajam, Penang — its first investment in the north — confirming a report in The Edge Financial Daily published yesterday.......
April 15, 2015 10:25:17 am
KUALA LUMPUR (April 15): The FBM KLCI reversed its losses at mid-morning but gains were limited as sentiment remained lacklustre after the International Monetary Fund said Malaysia’s growth is expected to slow markedly to 4.8% this year from 6% in......
April 15, 2015 10:19:59 am
WELLINGTON/HONG KONG (Apr 15): Asian stocks fell from an almost seven-year high and the Australian dollar slid against most peers as data showed China’s economy slowed to the weakest pace of expansion since 2009 last quarter. Crude oil rose... ...
April 15, 2015 10:13:25 am
KUALA LUMPUR: IFCA MSC Bhd, whose share price has gained 1,310.53% in the past year as one of the major beneficiaries of the goods and services tax (GST), expects to sustain its strong growth momentum in 2015, driven by the launch of new cl... ...
April 15, 2015 10:11:15 am
KUALA LUMPUR (April 15): Shares of Century Bhd Bhd jumped this morning after PublicInvest Research said the company’s shares were worth at least RM2.19. At 9.53am, Century Bond rose 6.52% or nine sen to RM1.47 with 688,400 shares done. ... ...
April 15, 2015 10:03:41 am
KUALA LUMPUR (April 15): Shares of Eco World Development Group Bhd rose at mid-morning today after Kenanga IB Research initiated coverage on the stock at RM1.77 with an “Outperform” rating and target price of RM2.05. At 9.45am. Eco World ro... ...
April 15, 2015 10:00:45 am
KUALA LUMPUR: The Employees Provident Fund (EPF) is disposing of its One Sheldon Square at Paddington Central in London’s West End — its first property disposal in the United Kingdom — to London-listed British Land Co plc for £210 million (RM1.14 ......
April 15, 2015 09:58:43 am
KUALA LUMPUR: Penang property developer Hunza Properties Bhd announced that a suit brought against it by Loke Wan Yat Realty Sdn Bhd (Loke Realty) would not have any material operational, financial and losses impact on its operations. In a ... ...
April 15, 2015 09:56:41 am
KUALA LUMPUR (April 15): Kenanga IB Research has initiated coverage on Eco World Development Group Bhd at RM1.77 with an “Outperform” rating and target price of RM2.05. In a note today, the research house said its targ price only offered a ... ...
April 15, 2015 09:51:05 am
KUALA LUMPUR: Benalec Holdings Bhd will engage Pestech International Bhd to establish the power supply infrastructure for Benalec’s Tanjung Piai Integrated Petroleum and Maritime Industrial Park (Tanjung Piai Industrial Park) in Pontian, Johor....
April 15, 2015 09:50:25 am
Cahya Mata shares up on RM308m Sarawak museum construction project ...
April 15, 2015 09:17:00 am
KUALA LUMPUR (April 15): The FBM KLCI extended its loss in early trade today for the sixth consecutive day on lacklustre sentiment after the International Monetary Fund said Malaysia’s growth is expected to slow markedly to 4.8% this year f... ...
April 15, 2015 08:40:10 am
KUALA LUMPUR (April 15): AffinHwang Capital Research has maintained its “Sell” rating on Media Prima Bhd (MPR) with an unchanged target price of RM1.50 and said it was still cautious on MPR given the weakness in its main segments (TV and print) as......
April 15, 2015 08:36:00 am
KUALA LUMPUR (April 15): MIDF Research has maintained its “Neutral” rating on Bumi Armada Bhd with an unchanged target price of RM1.12 after Bumi Armada’s (BAB) units entered into agreements with ElectroGas Malta Limited In a note today, th... ...
April 15, 2015 08:32:30 am
KUALA LUMPUR (April 15): Hong Leong IB Research has maintained its “Buy” rating on ViTrox Corporation Bhd at RM3.56 with an unchanged target price of RM3.80 and said ViTrox’s 1Q15 sales could potentially grow 49% year-on-year (y-o-y) to RM34 milli......
April 15, 2015 07:19:22 am
KUALA LUMPUR (April 15): The FBM KLCI is set to continue on its cautious trend today in the absence of fresh domestic catalysts as well as ahead of crucial economic data from China. The U.S. dollar fell sharply on Tuesday, weighed by... ...
April 15, 2015 07:05:20 am
NEW YORK (April 15): The Dow and S&P 500 ended higher on Tuesday, helped by energy stocks and quarterly earnings reports that topped modest expectations following worries about a strong dollar. Shares of Exxon Mobil, Chevron and other e... ...
April 14, 2015 10:23:37 pm
KUALA LUMPUR (April 14): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Wednesday, April 15) could include: Cahya Mata Sarawak, Bumi Armada, Hunza Properties, Berjaya Corp (BCorp), TNB, Bouste... ...
April 14, 2015 10:01:48 pm
LONDON/SINGAPORE (April 14): Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in more than four years and on tensions in Yemen, where top oil exporter Saudi Arabia is embroiled in ... ...
April 14, 2015 09:12:47 pm
KUALA LUMPUR (April 14): Penang property developer Hunza Properties Bhd announced a suit brought against it by Loke Wan Yat Realty Sdn Bhd (Loke Realty) would not have any material operational, financial or loss impact on the former. ...
April 14, 2015 08:59:11 pm
KUALA LUMPUR (April 14): Poultry producer Lay Hong Bhd has obtained conditional approval from the Bursa Securities to carry out its private placement of up to 15% of its issued and paid up capital. In a filing to the exchange, Lay Hong ... ...
April 14, 2015 08:14:42 pm
KUALA LUMPUR (Apr 14): Offshore oilfield services provider Bumi Armada Bhd has secured a US$300 million (RM1.1 billion) contract from ElectroGas Malta Ltd to supply a liquefied natural gas (LNG) floating storage unit (FSU) for a project relating t......
April 14, 2015 08:00:27 pm
Flash: Pestech to build power supply infrastructure for Benalec's Tanjung Piai industrial park ...
April 14, 2015 07:59:02 pm
KUALA LUMPUR (April 14): AmFIRST Real Estate Investment Trust (AmFIRST REIT) has confirmed that it is acquiring a Mydin store in Bukit Mertajam, Penang, confirming a report in The Edge Financial Daily published today. The tr... ...
April 14, 2015 07:49:27 pm
KUALA LUMPUR (Apr 14): Cahya Mata Sarawak Bhd (CMSB) has bagged a RM308 million contract from the Sarawak state government to build a world class museum and a heritage trail in Kuching. In a filing with Bursa Malaysia, CMSB (fundamen... (function(i,s...
