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Aabar Investments to exit RHB Bank

18 Jun 2019 - The Star Online
PETALING JAYA: Aabar Investments PJS is putting up its remaining block of shares in RHB Bank Bhd for sale, marking the Abu Dhabi-based fund’s exit from Malaysia’s fourth-largest lender by asset size. Sources said Aabar is seeking to sell its entire 9.99% stake or 400.52 million shares in RHB Bank for ...
klse:1066

CIMB Research sees stronger earnings for Success Transformer

18 Jun 2019 - The Star Online
KUALA LUMPUR: CIMB Equities Research maintains its positive outlook on Success Transformer Corporation (STC) as it expects stronger earnings prospects ahead, mainly supported by roll out of street lighting projects locally. It said on Tuesday it also expects its 65%-owned Seremban Engineering Bhd to ...
klse:7207

Affin Hwang downgrades O&G sector to neutral

18 Jun 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research is downgrading the oil and gas sector to neutral from overweight given the uncertainty over global demand and run-up in stock prices in 1H19. The research house's top picks include Petronas Chemicals, Serba Dinamik, Velesto Energy and Kelington. In a note, ...
klse:5185

Damansara Realty, Negeri Sembilan govt in RM771m project

17 Jun 2019 - The Star Online
KUALA LUMPUR: Damansara Realty Bhd and the Negeri Sembilan government will jointly undertake a mixed development property project in Bandar Sri Sendayan, Seremban with a gross development value of RM771mil. Damansara Realty announced to Bursa Malaysia on Monday that it had accepted the letter of award ...
klse:3484

Rebound in Tenaga helps KLCI ends barely lower

17 Jun 2019 - The Star Online
KUALA LUMPUR: Local fund buying of Tenaga Nasional, which was sold down recently, helped the FBM KLCI recoup most of its early losses amid a weaker broader market. At 5pm, the KLCI was down 0.23 of a point or just 0.01% to 1,638.40. Turnover was 1.62 billion shares valued at RM1.43bil. Decliners beat ...
klse:5347

Aabar putting up for sale remaining 9.9% stake in RHB Bank

17 Jun 2019 - The Star Online
KUALA LUMPUR: Aabar Investments PJS is putting up for sale its entire 9.9% stake in RHB Bank Bhd. Sources said on Monday Aabar, which is the indirect subsidiary of Abu Dhabi sovereign wealth fund Mubadala Investment Co. CIMB is undertaking the bookbuilding exercise. Funds were likely to take up the block, ...
klse:1066

KLCI lifted by KLCI, oil prices on the rise

17 Jun 2019 - The Star Online
KUALA LUMPUR: Tenaga Nasional pulled the FBM KLCI into positive territory in Monday morning trade following a 56 sen jump to RM12.74. The heavyweight counter single-handedly added over four points to the local benchmark index that saw volatile early-morning trading. At 12.30pm, the FBM KLCI was up 4.03 ...
klse:5347

Quick take: Apex Healthcare shares fall on profit-taking

17 Jun 2019 - The Star Online
KUALA LUMPUR: Apex Healthcare Bhd ’s shares were lower in early trade Monday as investors take profit after the recent gains. Following The pharmaceutical company fell 2.3%, or 20 sen to RM8.50, making it the top loser on Bursa Malaysia. The counter has gained 8.5% year-to-date. Apex Healthcare has proposed ...
klse:7090

Quick take: Straits Inter Logistics up 2.2% on tanker acquisition

17 Jun 2019 - The Star Online
KUALA LUMPUR: Straits Inter Logistics Bhd ’s shares opened higher in early trade Monday after the company announced its acquisition to buy an oil tanker for RM19.6mil. The counter counter rose 2.22%, or 0.5 sen to 23 sen with 1.19 million shares traded. Straits Inter Logistics Bhd’s unit is to acquire ...
klse:0080

Tenaga, Petronas stocks provide support to KLCI

17 Jun 2019 - The Star Online
KUALA LUMPUR: Some buying of Tenaga Nasional and Petronas-linked stocks help support the cautious FBM KLCI early Monday while key Asian markets traded cautiously. At 9.51am, the KLCI was up 1.92 points or 0.12% to 1,640.55. Turnover was 381.02 million shares valued at RM164.54mil. There were 198 gainers, ...
klse:5347