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Quick take: Maxis stock drops on lower profit

18 Feb 2019 - The Star Online
KUALA LUMPUR: Maxis Bhd shares are sitting marginally lower on Monday morning after announcing a lower earnings in the fourth quarter ended Dec 31, 2018. The telco, fell 0.36%, or two sen to RM5.61 in early trade.
klse:6012

CIMB Research retains Reduce, unchanged TP for Maxis

18 Feb 2019 - The Star Online
KUALA LUMPUR: CIMB Equities Research is maintaining its Reduce call for Maxis Bhd and unchanged target price at RM5.10. It said on Monday it cut the telco’s FY19/20F earnings before interest, tax, depreciation and amortisation (Ebitda) by 1.5%/2.0% and a larger 8.2%/11.1% for core EPS, mainly due to ...

Axiata's M1 sale provides timely capital for future investment

18 Feb 2019 - The Star Online
KUALA LUMPUR: Axiata Group Bhd 's exit from M1 Ltd for RM1.65bil to Konnevtivity Pte Ltd will allow the group to make a profit and redeploy the capital to fund its capex. In a research note on Monday, Affin Hwang Capital research said it is positive on the deal, which largely falls within its expectations.
klse:6888 sgx:b2f

Axiata accepts takeover offer for Singapore's M1 at RM1.65b

15 Feb 2019 - The Star Online
KUALA LUMPUR: Axiata Group Bhd has accepted the general offer for its 28.67% stake in Singapore's M1 Ltd which will see it netting a gain of RM126.45mil on disposal of the shares. Analysts had said Axiata would have to accept the offer unless it was able to find a partner to fund a counterbid since M1 ...
klse:6888 sgx:b2f

Heineken, Dialog in spotlight after strong results

15 Feb 2019 - The Star Online
KUALA LUMPUR: Shares of Henieken and Dialog were in the spotlight on Friday after their strong set of results but the FBM KLCI closed flat in line with the weaker key Asian markets after China's weak economic data. At 5pm, the KLCI was down 0.23 of a point or a marginal 0.01% to 1,688.83. Turnover was ...
klse:7277 klse:3255

Scomi provides more details of loan defaults

15 Feb 2019 - The Star Online
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has the right to dispose of 206.04 million shares of Scomi Energy Services Bhd (SESB) if its parent company Scomi Group Bhd fails to settle RM201.91mil owed to the bank. Scomi Group said on Friday the other financiers other than Maybank were Pembangunan Leasing ...
klse:7045 klse:1155 klse:7158

KLCI edges higher on Dialog, PPB Group, IOI Corp’s gains

15 Feb 2019 - The Star Online
KUALA LUMPUR: Blue chips trudged higher early Friday, aided by gains in FBM KLCI-linked stocks like Dialog, PPB Group and IOI Corp but key Asian markets were lower after the weaker US retail sales. At 9.25am, the KLCI was up 3.28 points or 0.19% to 1,692.34. Turnover was 518.08 million shares valued ...
klse:4065 klse:7277 klse:1961

Cypark Resources, Mega First may benefit from third-round LSS tenders, says PublicInvest

15 Feb 2019 - The Star Online
KUALA LUMPUR: PublicInvest research is positive on the the Energy Commission's request for porposals to develop the third round of large scale solar (LSS) projects. "Undoubtedly a positive development considering the government’s plan to significantly increase the country’s electricity from renewable ...
klse:3069 klse:5184

Sunway REIT Q2 net profit lower at RM66mil

15 Feb 2019 - The Star Online
PETALING JAYA: Sunway Real Estate Investment Trust ’s (REIT) net profit for the second quarter ended Dec 31 fell 6.4% to RM66.4mil. Revenue dropped 1.4% to RM139.5mil, largely due to softer market conditions within the hospitality market, where revenue was 22.8% lower with an overall hotel portfolio ...
klse:5176 klse:5211

LRT3 project to resume in 2H

14 Feb 2019 - The Star Online
PETALING JAYA: Works on the light rail transit 3 (LRT3) project are expected to resume in the second half of this year, according to Malaysian Resources Corp Bhd (MRCB). “The LRT 3 project is already 10% completed and we are at the redesigning stage,” MRCB chief operating officer Kwan Joon Hoe told reporters ...
klse:1651