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MyEG assures investors about Indonesian ops

6 Dec 2018 - The Star Online
KUALA LUMPUR: My EG Services has assured fund managers about the expected losses at the proposed Indonesia operations as it would over time, trim down its stake to below 20% in the special purpose vehicle (SPV) and treat it as an investment in its balance sheet. “We believe MyEG’s stake in the SPV should ...

Berjaya Food rises 3% after strong earnings report

6 Dec 2018 - The Star Online
KUALA LUMPUR: Berjaya Food Bhd rose 3% in early trade Thursday following a strong earnings report. The food and beverage company gained four sen, or 3% to RM1.37. Berjaya Food’s net profit grew 21% year-on-year in its second quarter ended Oct 31, 2018 (2QFY19), to RM7.03mil from RM5.81mil, on higher ...

CIMB Research expects Astro to deliver stronger earnings

6 Dec 2018 - The Star Online
KUALA LUMPUR: CIMB Equities Research expects Astro Malaysia to deliver stronger earnings in FY20F driven by lower content cost and positive contributions from home shopping. The research house had on Thursday upgraded Astro to an Add with an unchanged discounted cashflow (DCF) based RM1.75 target price, ...

CIMB Research sees Kossan recording strong quarters

6 Dec 2018 - The Star Online
KUALA LUMPUR: CIMB Equities Research expects glove maker Kossan Rubber Industries Bhd to record stronger quarters ahead, with full contribution from Plants 16 and 17 (1.5 billion pieces per annum capacity) which were fully commissioned in August and November, respectively. It said on Thursday Kossan’s ...

Eco World targets RM250mil sales in 2019

6 Dec 2018 - The Star Online
KUALA LUMPUR: Eco World Development Group Bhd is targeting RM250mil in sales from its Bukit Bintang City Centre (BBCC) integrated mixed development next year. With the first phase of the development to be completed by 2021, among the units being sold are the retail plots of the heritage-inspired Malaysian ...
klse:5283 klse:8206

KLCI closes off day's low, Tenaga extends fall

5 Dec 2018 - The Star Online
KUALA LUMPUR: Key Asian markets including Bursa Malaysia ended Wednesday in the red as investors worried about the outlook for the economy amid the US-China trade conflict. At 5pm, the FBM KLCI was down 6.72 points or 0.4% to 1,688.27 but off the intra-day low of 1,683. Turnover declined to 1.75 billion ...

Kerjaya Prospek secures RM211.6m construction job

5 Dec 2018 - The Star Online
KUALA LUMPUR: Kerjaya Prospek (M) Sdn Bhd has received a RM211.6mil contract from PPB Group Bhd 's unit to undertake construction works for a proposed mixed development in Sungai Buloh, Petaling Jaya. It said in a statement that the letter of award received from PPB Hartabina Sdn Bhd is for the construction ...
klse:7161 klse:4065

AmBank Research sees semicon sector growing 9.6% up to 2022

5 Dec 2018 - The Star Online
KUALA LUMPUR: AmBank Research forecasts Malaysia’s electrical and electronics (E&E) sector to grow about 9.6% annually from 2018 to 2022, tracking the global semiconductor industry. It said on Wednesday growth will be supported by the electronics segment which it forecasts at 13.0% between 2018 and 2022. ...

Computer Forms shares up 1.5% on revised takeover bid

5 Dec 2018 - The Star Online
KUALA LUMPUR: Shares of Computer Forms (Malaysia) Bhd continued to rise early trade Wednesday after its substantial shareholder Tan Sri Robert Tan Hua Choon raised his takeover offer price to RM1.38 from RM1.28. The counter rose 1.57%, or two sen to RM1.29, its highest in two year, on thin volume. The ...

Consumer stocks fail meet expectations

5 Dec 2018 - The Star Online
KUALA LUMPUR: Consumer sector stocks under Affin Hwang Capital research's coverage showed a disappointing 3Q as most companies posted earnings that fell below estimates. For the nine months to Sept 30, the consumer sector recorded core earnings growth of 8% year-on-year, driven mainly by the strong performances ...