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Scomi shares fall as subsidiaries go into judicial management

10 Dec 2018 - The Star Online
KUALA LUMPUR: Shares of Scomi Group Bhd fell in early trade Monday after three of its subsidiaries applied for judicial management from the Shah Alam High Court as part of its financial restructuring. The counter fell 10%, or 0.5 sen to 4.5 sen with thin volume. The three companies that applied for judicial ...
klse:7158 klse:5115

CIMB Research retains Kawan Food target price of RM3.02

10 Dec 2018 - The Star Online
KUALA LUMPUR: CIMB Equities Research is maintaining its forecasts and target price of RM3.02 for Kawan Food, which is 59.8% above the last traded price of RM1.89. The research house said on Monday the TP was based on 2020F price-to-earnings (P/E) of 17.5times, which is at 30% discount (previously 20%) ...
klse:7216

All eyes on Felda, LTH-linked stocks

10 Dec 2018 - The Star Online
PETALING JAYA: Khazanah Nasional Bhd’s move to divest part of its stake in IHH Healthcare Bhd is already sparking interest in other government-linked companies (GLCs) it owns. Come 2019, the attention of GLCs is expected to expand to stocks held by the Federal Land Development Authority (Felda) and Lembaga ...
sgx:q0f klse:5225

Ekovest signs up Melia Hotels

10 Dec 2018 - The Star Online
PETALING JAYA: Ekovest Bhd has tied up with Melia Hotels International, a Spanish hotel chain, to manage its hotel in EkoCheras Development. In a statement yesterday, Ekovest said it had inked a 15-year hotel management agreement with Melia Hotels. “The contract officially appoints Melia Hotels as the ...
klse:8877

Mixed view on earnings outlook of Sapura Energy

10 Dec 2018 - The Star Online
PETALING JAYA: Analysts are divided over Sapura Energy Bhd ’s earnings outlook. For the third quarter ended Oct 31, 2018, Sapura Energy narrowed its net loss by over 88% to RM31.09mil, led by higher topline and a net foreign exchange gain of RM56.16mil. For comparison, the group recorded a net loss of ...
klse:5218

Scomi Group applies for judicial management

8 Dec 2018 - The Star Online
KUALA LUMPUR: Three subsidiaries of Scomi Group Bhd have applied for judicial management from the Shah Alam High Court as part of its financial restructuring. The three companies are Scomi Engineering Bhd , Scomi Rail Bhd and Scomi Transit Project Brazil (Sao Paulo) Sdn Bhd. The restructuring is meant ...
klse:7158 klse:5115

Astro to offer VSS

8 Dec 2018 - The Star Online
PETALING JAYA: In a strategic review of its business to strengthen its position in the market, Astro Malaysia Holdings Bhd will be undertaking a voluntary separation scheme (VSS) for its employees, offered purely on a voluntary basis. According to a source, Astro is expecting to save 15% or an estimated ...
klse:6399

Miti cautiously optimistic of exports surpassing 5% growth target

8 Dec 2018 - The Star Online
SHAH ALAM: The International Trade and Industry Ministry (Miti) is cautiously optimistic of Malaysia surpassing the export growth target of 5% this year as indicated by the current figures. Deputy International Trade and Industry Minister Dr Ong Kian Meng said Miti was still monitoring the situation ...
klse:5115

Two out of three companies seeing change at the helm

8 Dec 2018 - The Star Online
OUT of the three listed companies that are substantially controlled by tycoon T. Ananda Krishnan, two are seeing changes at the helm. In Maxis Bhd , Morten Lundal stepped down as chief executive officer (CEO) upon the expiry of his contract on March 31 this year. Acting CEO Robert Nason is helming the ...
klse:6012

Keeping with the times

8 Dec 2018 - The Star Online
MALAYAN Banking Bhd (Maybank) Singapore appears not to be taking any chances when it comes to the ever-changing role of banks. It has devised strategies which it hopes will continue to keep the lender relevant in the city-state where it is just one of the many hundreds of financial institutions hungry ...
klse:1155