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US fund Castlelake to buy 30 planes from AirAsia in RM3.34b deal

11 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 (RM3.34bil), people familiar with the transaction said. The deal underscores the strong appetite of funds to invest in the ...
klse:5099

Genting's ratings unaffected despite termination of outdoor theme park, says RAM

11 Dec 2018 - The Star Online
KUALA LUMPUR: RAM Rating does not expect Genting Malaysia Bhd (GenM) and its parent, Genting Bhd 's ratings to be immediately affected by the sudden termination of the 20th Century Fox World outdoor theme park. It said on Tuesday the sudden termination of the 20th Century Fox World outdoor theme park ...
klse:3182 sgx:g13 klse:4715

Blue chips creep up, Top Glove stages mild rebound

11 Dec 2018 - The Star Online
KUALA LUMPUR: Blue chips eked out slight gains early Tuesday, underpinned by HLFG and Hong Leong Bank, while Top Glove staged a mild rebound after the heavy selling on reports of alleged mistreatment of its migrant workers. At 9.40am, the KLCI was up 1.47 points or 0.09% to 1,664.78. Turnover was 278.61 ...
klse:1082 klse:5819 sgx:bva klse:7113

Top Glove denies allegations of forced labour, stock rebounds

11 Dec 2018 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd recovered almost 2% in early trade Tuesday after denying allegations of forced labour. The glove-maker gained 1.98%, or 11 sen to RM 5.66, making it one of the top gainers on Bursa Malaysia. The group has denied allegations of its migrant workers facing forced labour ...
sgx:bva klse:7113

CIMB Research downgrades Prestariang after RM3.5b SKIN scrapped

11 Dec 2018 - The Star Online
KUALA LUMPUR: CIMB Equities Research has downgraded Prestariang Bhd from Add to Reduce and also cut the target price from RM1.77 to only 26 sen after the Home Ministry confirmed the scrapping of the RM3.5bil National Immigration Control System (SKIN) project. The research house said on Tuesday it had ...
klse:5204

PublicInvest Research retains outperform on Tenaga

11 Dec 2018 - The Star Online
KUALA LUMPUR: PublicInvest Research is maintaining its Outperform call on Tenaga Nasional with an unchanged target price of RM16.86 after the purchase of an additional stake in an Indian company building a hydroelectric power plant within the Himalaya Range. Tenaga will subscribe to a compulsorily convertible ...
klse:5347

Affin Hwang Research retains Neutral on plantations

11 Dec 2018 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research is maintaining its “neutral” rating on the plantation sector with Ta Ann Holdings Bhd as its top picks. The research house said in a report Tuesday, Malaysia’s CPO production in November declined by 6.1% month-on-month to 1.85 million tonne, partly due to the ...
klse:5012

Lubrizol Announces Strategic Alliance with Vidalia Denim for Sustainably-Produced Denim Featuring X4zol(TM)-J Stretch Fibers

11 Dec 2018 - ACN Newswire
The Lubrizol Corporation announces that its Engineered Polymers business has created a strategic alliance with Vidalia Denim, a division of Vidalia Mills Co., to incorporate its revolutionary X4zol(TM)-J elastomeric fiber in the production of Vidalia's stretch denim fabrics, maximizing the performance ...

Top Glove shares fall 5.93% after alleged abuse report

11 Dec 2018 - The Star Online
PETALING JAYA: Shares in glovemaker Top Glove Corp Bhd fell 5.93% following a news report which alleged that some of its migrant workers are being mistreated. The stock fell 35 sen to close at RM5.55 yesterday. Reuters reported that Britain was launching an investigation into the medical gloves used ...
sgx:bva klse:7113

KPS' Perangsang Capital plans RM500m Sukuk Murabahah

10 Dec 2018 - The Star Online
KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd 's unit (KPS) Perangsang Capital Sdn Bhd has proposed to set up an unrated unrated Islamic medium term notes programme of up to RM500mil in nominal value. KPS, an infrastructure company, announced on Monday that Perangsang Capital had lodged with the Securities ...
klse:5843