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Construction services GDB tendering for RM2.9b projects

13 Jun 2019 - The Star Online
KUALA LUMPUR: GDB Holdings Bhd has tendered for RM2.9bil worth of residential and commercial building projects in the Klang Valley, its managing director Cheah Ham Cheia said. The construction services company's tender book for the 12 projects were residential, mixed development, hotel, factory and ...

Quick take: Lafarge surges to 13 month high of RM4.25

13 Jun 2019 - The Star Online
KUALA LUMPUR: Shares of cement maker Lafarge Malaysia Bhd surged to a high of RM4.25, the highest since May last year after AmInvestment Bank has advised minority shareholders to reject YTL Group's takeover offer of RM3.75 a share. At 11.21am, Lafarge was up 47 sen to RM4.25 with 586,900 shares done. ...

QUick take: Tenaga under pressure, falls to end-May low

13 Jun 2019 - The Star Online
KUALA LUMPUR: Tenaga Nasional's recent rebound faltered at midday on Thursday as some funds were quick to take profit, sending shares of the power giant to a low of RM12.22. At 12.03pm, it was down 26 sen to RM12.28 – the lowest since end-May. The decline in its share price weighed on the FBM KLCI, ...

Quick take: Wegmans shares climb on proposed transfer to Main Board

13 Jun 2019 - The Star Online
KUALA LUMPUR: Shares of Wegmans Holdings Bhd rose over 3% in early trade Thursday as the group proposed to transfer its listing on the ACE Market to the Main Market of Bursa Securities by the fourth quarter of 2019. The home furniture manufacturer rose 3.17%, or one sen to 32.5 sen with 7.5 million shares ...

Quick take: Bermaz Auto up 5% on positive results

13 Jun 2019 - The Star Online
KUALA LUMPUR: Bermaz Auto Bhd jumped 5% a series of brokerages reiterated "buy" on the stock, following the release of its positive earnings. The sole distributor of Mazda vehicles in Malaysia rose 5%, or 12 sen to RM2.52 with 1.4 million shares. Bermaz’s net profit jumped 89.5% to RM265.26mil in the ...

Affin Hwang maintains Neutral on plantations, Ta Ann remains top pick

13 Jun 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research maintained its neutral rating on the plantation sector following the release of data that showed palm-oil inventory falling to a nine-month low in May 2019. The research house has "buy" ratings on Ta Ann, IJM Plantations, Hap Seng Plantations and WTK, "hold" ...

CIMB Research retains Add for Bermaz, higher target price

13 Jun 2019 - The Star Online
KUALA LUMPUR: CIMB Equities Research is maintaining its Add recommendation for Bermaz Auto Bhd with a higher target price of RM3.30 still based on 14 times CY20F P/E, in line with the target sector P/E. It said on Thursday Bermaz is its top sector pick due to its robust growth prospects, driven by multiple ...

TM appoints new director

13 Jun 2019 - The Star Online
PETALING JAYA: Telekom Malaysia Bhd (TM) has appointed Datuk Ibrahim Marsidi as its independent and non-executive director.In a filing with Bursa Malaysia, the company said Ibrahim, 66, began his career with Malayan Banking Bhd in 1979 as a sub-accountant. “He joined Petroliam Nasional Bhd in the same ...

DRB-Hicom unit sets up JV firm to provide R&D

13 Jun 2019 - The Star Online
PETALING JAYA: DRB-Hicom Bhd , via unit Proton Edar Sdn Bhd (PESB), is setting up a joint-venture (JV) company to provide research and development (R&D), sales and services of vehicle connectivity, digital cockpit, safety, autonomous vehicle and Internet of Things (IoT) technology-related products. In ...

A first for Taiwan, BIO Asia-Taiwan 2019 to be held in Taipei, 24 July, with BIO's president Jim Greenwood to attend

12 Jun 2019 - ACN Newswire
At the recently concluded BIO 2019 International Convention, held in Philadelphia, president of BIO (Biotechnology Innovation Organization, the world's largest biotech industry association) Jim Greenwood met with Johnsee Lee, chairman of the Taiwan Biotechnology Industry Organization (Taiwan BIO) and ...