Daily Briefing: Singapore banks trail behind Malaysia in female board representation; Temasek joins US$75m funding of US biotech startup

19 Jun 2019 - Singapore Business Review
And The Esplanade is seeking to raise $9m to bulid its $30m waterfront theatre. From Bloomberg: Women make up more than 30% of the boards of top Malaysian lenders, compared with only 9% on average in the Philippines, and 13% in Singapore, according to data compiled by Bloomberg. Banks with more women ...

Lubrizol Announces Global Collaboration with Corbion

18 Jun 2019 - ACN Newswire
The Lubrizol Corporation announces an exclusive global partnership with Corbion Biotech, Inc, bringing AlgaPur(TM) high stability high oleic algae oil to the personal care and cosmetics markets. Based in the Netherlands, Corbion is a global market leader in algae ingredients. This collaboration combines ...

Quick take: Top Glove shares under pressure after weaker earnings

18 Jun 2019 - The Star Online
KUALA LUMPUR: Top Glove Group's share price fell to a more than a month's low of RM4.73 in afternoon trade on Tuesday after its reported a weaker set of earnings in the third quarter ended May 31, 2019. At 3.37pm, the world's largest glove maker saw its share price fall by 27 sen to RM4.37. It fell to ...
sgx:bva klse:7113

HSS Engineers expects roll out of more projects in 2019

18 Jun 2019 - The Star Online
KUALA LUMPUR: Optimistic over its prospects, HSS Engineers Bhd is expecting to roll out more infrastructure projects in the second half of 2019. In a statement today, the group said it would allocate a portion of the unutilised proceeds from its initial public offering (IPO) to an expansion into infrastructure ...

I-Bhd to bank on property investment, leisure sectors for growth

18 Jun 2019 - The Star Online
SHAH ALAM: I-Bhd is banking on its property investment and leisure segments to contribute half of total group revenue in five years. The property development segment contributed an estimated 90% of total group revenue for the financial year 2018. Speaking after the group’s annual general meeting today, ...
klse:5115 klse:4251

Top Glove's net profit slides 36.5% to RM74.67m

18 Jun 2019 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd 's net profit fell 36.5% year-on-year (y-o-y) to RM74.67mil in the third quarter ended May 31, 2019, amid rising natural rubber latex prices and strong competition. This came despite sales revenue growth of 8.1% to RM1.19bil on the back of a 9% increase in sales volume. ...
sgx:bva klse:7113

SBS Transit, SMRT Trains and ST Engineering team up to upgrade rail maintenance

18 Jun 2019 - Singapore Business Review
They will facilitate efforts to improve electronic card repair and diagnostic support, amongst others. SBS Transit (SBST), SMRT Trains and ST Engineering have partnered up to share engineering knowledge and capabilities in various areas to add depth and breadth to Singapore’s rail maintenance capabilities, ...
klse:0117 sgx:s61 sgx:s63

Quick take: ARB shares edge higher on Cambodian venture

18 Jun 2019 - The Star Online
KUALA LUMPUR: Shares in ARB Bhd edged up on Tuesday morning after the company announced its venture into Cambodia. The wood product manufacturer rose 3.41%, or 1.5 sen to 45.5 sen with over 5.33 million shares traded. ARB-PA gained 2.22%, or 0.5 sen with 1.75 million shares done. ARB Bhd, a wood products ...

Quick take: Techbond rises 2.8% on technical buy

18 Jun 2019 - The Star Online
KUALA LUMPUR: Shares in Techbond Group Bhd rose 3.5% in early trade Tuesday following a technical buy by PublicInvest Research. The adhesive manufacturing company gained 2.8%, or two sen to 73.5 sen with over 1.1 million shares done at 10.30am. Year-to-date, the counter has depreciated 20%. PublicInvest ...

Public Bank leads KLCI slightly lower, Mestron most active

18 Jun 2019 - The Star Online
KUALA LUMPUR: Blue chips eased early Tuesday with Public Bank weighing slightly on the FBM KLCI while steel pole manufacturer Mestron Holdings was the most active on its trading debut on the ACE Market. At 9.11am, the FBM KLCI was down 0.09 of a point or 0.01% to 1,638.31. Turnover was 216.36 million ...