Affin Hwang sees growth prospects for ELK-Desa

17 Jun 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research sees room for growth for ELK-Desa Resources Bhd even in the Klang Valley alone, due to it being a relatively small player. "We remain upbeat on ELK-Desa’s prospects (post meeting with management) as its focus in the mass market used-car financing business is ...
klse:5228 klse:5185

Positive over UEM Sunrise's reduced exposure in Desaru

17 Jun 2019 - The Star Online
KUALA LUMPUR: Kenanga research is positive on UEM Sunrise Bhd 's move to reduce its exposure in Desaru due to the long gestation period and weak market sentiment in Johor. It was announced on Friday that UEMS will be downsizing its residential development in Desary from about 680 acres to 228 acres. ...

Short Position

15 Jun 2019 - The Star Online
Illogical Powernet share rise THE euphoric rise of the share price of Kumpulan Powernet Bhd , a nondescript company that is into the manufacturing of warp knitted fabric and property development, took the market by surprise. The stock that normally draws little attention has seen its share price more ...

29 Indonesian businesses win SME100 Awards as 'Fast Moving Companies 2019'

15 Jun 2019 - ACN Newswire
The prestigious award for small and medium enterprises, the SME100 Awards, recognized 29 Indonesian SMEs honored as 'Fast Growing Businesses 2019' in a ceremony in Jakarta on Friday.The naming of 29 SMEs as fast growing businesses was based on evaluating criteria, such as income and profit growth, along ...

Reach Energy CEO Shahul cuts stake, again

14 Jun 2019 - The Star Online
KUALA LUMPUR: Shahul Hamid Mohd Ismail, the managing director and chief executive officer of Reach Energy Bhd , sold another big block of shares in the company in an off-market transaction. A filing with Bursa Malaysia today revealed that Shahul's Reach Energy Holdings Sdn Bhd (REH) has disposed 62.8 ...

Boustead Plantations CEO Chow Kok Choy retires on July 31

14 Jun 2019 - The Star Online
KUALA LUMPUR: Boustead Plantations Bhd chief executive officer (CEO) Chow Kok Choy, a veteran planter, will retire on July 31 after 48 years with the group. The board said on Friday it had accepted the retirement of Chow, 71, who has been with the company since 1971. In the interim, while it seeks ...
sgx:f9d klse:5254

Public Bank, Tenaga weigh on KLCI while ringgit weakens

14 Jun 2019 - The Star Online
KUALA LUMPUR: Some fund selling of Public Bank, Tenaga Nasional and IOI Corp pushed the FBM KLCI into the red on Friday in the absence of any strong positive leads. The ringgit weakened against the major currencies on late selling pressure. At 5pm, the KLCI was down 5.11 points or 0.31% to 1,638.63 ...
klse:5347 klse:1961 klse:1295

Maxis to talk on disruptive technology, enterprise solutions at MTW 2019

14 Jun 2019 - The Star Online
KUALA LUMPUR: Maxis Bhd ’s thought leaders and experts will discuss technology disruption and enterprise solutions at the Malaysia Tech Week 2019 (MTW 2019), to be held from June 17-21. In a statement today, Maxis said the discussion would be led by chief executive officer Gokhan Ogut. “The MTW 2019 ...

KNM secures orders valued at RM27.71m

14 Jun 2019 - The Star Online
KUALA LUMPUR: KNM Group Bhd 's subsidiaries have secured two contracts worth a combined sum of about RM27.71mil for the supply of air cooler heat exchangers in Nigeria and Iraq respectively. In the first contract, the group's wholly owned subsidiary, FBM Hudson Italiana S.p.A, will supply air cooler ...

Telekom confirms MACC visited its headquarters

14 Jun 2019 - The Star Online
KUALA LUMPUR: Telekom Malaysia Berhad (TM) confirmed that the Malaysian Anti-Corruption Commission (MACC) visited its headquarters to seek certain information involving an on-going case. TM said on Friday it would continue extending its cooperation to the MACC. The telco also reiterated its “strong commitment ...