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Can-One launches takeover of Kian Joo at RM3.10 a share

14 Feb 2019 - The Star Online
KUALA LUMPUR: Can-One International Bhd, which owns 66.61% of Kian Joo Can Factory Bhd , has launched a conditional mandatory take-over for the latter at RM3.10 a share. Can-One's current stake of 66.61% comprises of 295.87 million shares. Kian Joo sai on Thursday a copy of the take-over notice would ...
klse:3522

Quick take: Scomi Group shares fall over 11% as company defaults on loan repayment

14 Feb 2019 - The Star Online
KUALA LUMPUR: Shares of Scomi Group Bhd Thursday fell over 11% after the firm said it had defaulted on bank facilities to Malayan Banking Bhd (Maybank). The stock declined 11.11%, or 0.5 sen to four sen with 5.8 million shares done.
klse:1155 klse:7158

Affin Hwang projects earnings turnaround for MMHE in FY19

14 Feb 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research is projecting a turnaround for Malaysia Marine Heavy Engineering Bhd despite larger-than-expected headline losses of RM123mil in FY18. "We lower our FY19-20E profit forecasts to adjust for the lower revenue and margins for the marine segment (from 18% to 16%), ...
klse:5185 klse:5186

SunCon earnings expected to come within estimates, says RHB

14 Feb 2019 - The Star Online
KUALA LUMPUR: RHB research anticipates Sunway Construction Bhd's earnings announcement to be in line with expectations. In a research note, it said its earnings estimates are RM35-40mil for 4Q18, which will be flat quarter-on-quarter but an improvement year-on-year (y-o-y).
klse:5263

Scomi gets letter of demand from Maybank to settle RM201.9mil debt

14 Feb 2019 - The Star Online
KUALA LUMPUR: Scomi Group Bhd said it has received a notice of demand for RM113.96mil from Malayan Banking Bhd (Maybank) after its wholly owned rail unit failed to pay RM201.9mil owed to the bank. “Scomi Rail Bhd and Scomi Group are presently in the process of negotiating a resolution with Maybank,” ...
klse:1155 klse:7158

Maybank demands that Scomi settles its debt

13 Feb 2019 - The Star Online
KUALA LUMPUR: Scomi Group Bhd said it has received a notice of demand for RM113.96mil from Malayan Banking Bhd (Maybank) after its wholly owned rail unit failed to pay RM201.9mil owed to the bank. “Scomi Rail Bhd and Scomi Group are presently in the process of negotiating a resolution with Maybank,” ...
klse:1155 klse:7158

Bursa cautious but key Asian markets rally on trade deal hopes

13 Feb 2019 - The Star Online
KUALA LUMPUR: Bursa Malaysia ended Wednesday lower, dragged down by IOI Corp and Axiata, while most key Asian markets chalked up solid gains on US President Donald Trump's suggestion of a fresh deadline for US-China trade deal. At 5pm, the FBM KLCI was down 2.11 points or 0.13% to 1,685.30. Turnover ...
klse:1961 klse:6888

Kerjaya Prospek on track to meet FY19E replenishment target

13 Feb 2019 - The Star Online
KUALA LUMPUR: Kerjaya Prospek Bhd may be receiving more contracts from HCK Capital Group Bhd following its second contract win of RM280mil from the latter. Yesterday, Kerjaya announced that it had secured a contract for a proposed project rebranded as Edumentro in Subang from HCK Capital, which comprises ...
klse:7105 klse:7161

Affin Hwang maintains buy on Inari Amertron, cuts TP to RM1.89

13 Feb 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research has recommended increasing positions in Inari Amertron as the latter is poised to be a key beneficiary of the 5G rollout. In a research note today, Affin Hwang said Inari's management had advised that the RF and sensor businesses are likely to remain soft over ...
klse:5185 klse:0166

Kerjaya gets RM280mil letter of award from HCK

13 Feb 2019 - The Star Online
PETALING JAYA: Kerjaya Prospek Group Bhd ’s wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has accepted a letter of award worth RM280mil from HCK Builders Sdn Bhd, a subsidiary of HCK Capital Group Bhd . Kerjaya will undertake main building works for a proposed project comprising the construction ...
klse:7105 klse:7161