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Banks help Bursa snap six days of losses, MyEG slides

12 Dec 2018 - The Star Online
KUALA LUMPUR: CIMB, Public Bank and RHB Bank underpinned the FBM KLCI's rebound on Wendesday, snapping six straight days of losses while My EG Services tumbled in active trade. At 5pm, the KLCI was up 10.64 points or 0.64% to 1,663.27. Turnover was 2.07 billion shares valued at RM1.93bil. The broader ...
klse:8907 klse:0138 klse:1295 klse:1066

MY EG falls in heavy trade

12 Dec 2018 - The Star Online
KUALA LUMPUR: Shares of e-services provider My E.G. Services Bhd fell to a low 84 sen in late Wednesday trade in the absence of any negative news. At 4.20pm, My EG was down 16.5 sen to 84.5 sen – the lowest since Dec 7. It was actively traded with 216 million shares done. The FBM KLCI rose 10.94 points ...
klse:8907 klse:0138

AirAsia, AAX shares drop with MAHB suit

12 Dec 2018 - The Star Online
KUALA LUMPUR: Shares of AirAsia Bhd and AirAsia X Bhd (AAX) fell on Wednesday following news that Malaysia Airports Holdings Bhd (MAHB) is suing the two carriers. AirAsia fell 1.52%, or four sen to RM2.60 while AAX shed 2.13%, or 0.5 sen to 23 sen. MAHB is suing low-cost carrier AirAsia and AAX for ...
klse:5238 klse:5099 klse:5014

Public Bank, HL Bank provide early boost to KLCI

12 Dec 2018 - The Star Online
KUALA LUMPUR: Bursa Malaysia started Wednesday on a more optimistic note after six straight days of losses, supported by firm buying of Public Bank and Hong Leong Bank, with investors hoping for a relief rally. At 9.17am, the FBM KLCI was up 9.04 points or 0.55% to 1,661.67. Turnover was 192.76 million ...
klse:1295 klse:5819

Alam Maritim shares rise 6.25% on new contract win

12 Dec 2018 - The Star Online
KUALA LUMPUR: Alam Maritim Resources Bhd shares were trading 6.25% higher in early trade Wednesday after securing a contract from ExxonMobil Exploration and Production Malaysia Inc. The counter rose 6.25%, or 0.5 sen to 85 sen with thin volume of 743,400 shares done. Alam Maritim said its subsidiary ...

CIMB Research sees weak demand, retains Hold for KESM

12 Dec 2018 - The Star Online
KUALA LUMPUR: CIMB Equities Research expects weak demand for semiconductor-related KESM’s products in 2QFY19F due to ongoing inventory adjustment from its customers, but expect stronger demand recovery in 2HFY19F. It had on Wednesday cut its FY19-21F EPS by 7%-8% to reflect lower utilisation and sales ...

SunCon remains resilient despite slowdown in domestic projects

12 Dec 2018 - The Star Online
KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) remains optimistic of securing new domestic contracts in 2019 despite the slower roll-out of government and private sector projects. The property developer has achieved its new contracts target of RM1.5bil in 2018 and expects to secure another R1.5bil ...

Negri Sembilan draws RM2bil investments in first half

12 Dec 2018 - The Star Online
SEREMBAN: Twenty manufacturing projects with total investments worth RM1.6bil have been approved in Negri Sembilan from January to June this year, said Mentri Besar Aminuddin Harun. He said the services sector drew investments worth RM400mil over the same period. “This brings the total investments in ...

Top Glove: Measures in place to prevent excessive OT

12 Dec 2018 - The Star Online
PETALING JAYA: Glovemaker Top Glove Corp Bhd said measures have been put in place to prevent its workers from working “overtime” (OT) in excess of the allowed 104 hours a month. The group, in a filing with the stock exchange, said the measures had been implemented on a staggered basis across all its ...
sgx:bva klse:7113

US fund Castlelake to buy planes from AirAsia in RM3.3bil deal

12 Dec 2018 - The Star Online
SINGAPORE: US private investment firm Castlelake LP has struck a deal to buy a portfolio of about 30 narrowbody planes from AirAsia Group Bhd for a total price of roughly US$800mil (RM3.33bil), sources said. The deal underscores the strong appetite of funds to invest in the global aircraft leasing sector, ...