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Maybank terminates collaboration agreement with Hyflux

19 Apr 2019 - The Star Online
SINGAPORE (Bernama): Malayan Banking Bhd (Maybank) has decided to terminate the collaboration agreement relating to the divestment of the Tuaspring integrated water and power plant (IWPP) with immediate effect, said water treatment firm Hyflux Ltd. The Singapore-based firm announced today it had received ...
sgx:600 klse:1155

Ekovest, IWCity climb on hopes of Bandar Malaysia revival

19 Apr 2019 - The Star Online
KUALA LUMPUR: Shares of Evokest and Iskandar Waterfront City (IWC) rallied on Friday on news reports that the stalled Bandar Malaysia project could be revived very soon. At 12.07pm, Ekovest-WB was up five sen to 16.5 sen with 121.31 million units. Ekovest added six sen to 65 sen with 70.23 million shares ...
klse:1589 klse:8877

Malaysia Airports in danger of KLCI exclusion

19 Apr 2019 - The Star Online
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is in danger of being dropped from the 30-stock FBM KLCI after the decline in share price and its market capitalisation falling to the 34th spot on Thursday. Maybank Investment Bank Research said on Friday weak market conditions and multiple concerns ...

Blue chips track higher on Petronas Gas, Maybank

19 Apr 2019 - The Star Online
KUALA LUMPUR: Blue chips edged higher early Friday with some buying support sees in Petronas Gas and Maybank while the broader market firmed up slightly. At 9.37am, the KLCI was up 3.76 points or 0.23% to 1,623.49. Turnover was 462.88 million shares valued at RM256mil. There were 243 gainers, 90 losers ...
klse:1155 klse:6033

The positives outweigh the negatives for IHH, says Affin Hwang

19 Apr 2019 - The Star Online
KUALA LUMPUR: Affin Hwwang Capital research is keeping a positive outlook on IHH Healthcare Bhd with expectations of stronger earnings going forward. "Despite the lingering concerns over an impairment risk on its 31% stake in Fortis and the weakening of the Turkish Lira, we think that overall positives ...
sgx:q0f klse:5225

Daya’s subsidiary defaults on bank facilities

18 Apr 2019 - The Star Online
KUALA LUMPUR: Daya Materials Bhd has received two letters of demand from Malayan Banking Bhd (Maybank) as corporate guarantor for payment owing by its subsidiary, Daya Proffscorp Sdn Bhd (DPRO) pursuant to hire purchase facilities. In a filing with Bursa Malaysia Tuesday, Daya said it had on April 17 ...
klse:0091 klse:1155

Rout continues on Bursa Malaysia, ringgit extends slide

18 Apr 2019 - The Star Online
KUALA LUMPUR: The FBM KLCI extended its slump on Thursday as investors continued to take points off banks and telcos. Leading the sell-off among banks, Public Bank lost 32 cents in morning trade to RM22.28 while Maybank dropped eight cents to RM8.92. In telcos, Maxis recorded losses for a second straight ...

Another tough day for Bursa as KLCI extends decline

18 Apr 2019 - The Star Online
KUALA LUMPUR: Negative news continued to weigh on investors’ confidence as the FBM KLCI continued to slide below the lowest level since December 2016. Maybank, Hong Leong Bank and Public Bank fell on Malaysia’s potential disqualification from the World Government Bond Index (WGBI). Maybank was also impacted ...
klse:5819 klse:1155

Quick take: Orion IXL share price up 9% on new coverage

18 Apr 2019 - The Star Online
KUALA LUMPUR: Orion IXL Bhd ’s shares rose almost 9% in early trade Thursday, after CGS CIMB Research initiated a coverage with a “add” recommendation. The financial technology and business solutions provider rose 8.82%, or 1.5 sen to 18.5 sen. It is currently the second most active counter with over ...

Affin Hwang initiates coverage on PPB with Hold rating, TP of RM19.50

18 Apr 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research has initiated coverage on PPB Group Bhd with a hold rating and a target price of RM19.50. "We believe PPB’s strong financial position and prudent debt management will help the group to continue to expand and grow its core businesses locally and regionally," ...