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KLCI rallies to three-month high above key 1,700

19 Feb 2019 - The Star Online
KUALA LUMPUR: Fund buying of Petronas Chemicals and Tenaga Nasional helped power the FBM KLCI above the key 1,700 level, making it the best performer among the key Asian markets on Tuesday. At 5pm, the KLCI was up 13.82 points or 0.82% to 1,706.56 – the highest since mid-November. Turnover was 2.81 billion ...
klse:5347 klse:5183

AirAsia Group meets EPF, open to talks with MAHB

19 Feb 2019 - The Star Online
KUALA LUMPUR: AirAsia Group Bhd (AAGB) held a meeting with the Employees Provident Fund (EPF) on Tuesday over its ongoing spat with Malaysia Airports Holdings Bhd (MAHB). Group chief executive officer Tan Sri Tony Fernandes said the group had explained that it was very happy to meet MAHB at any point ...
klse:5099 klse:5014

Quick take: WZ Satu, IJM shares up after Government lifts bauxite mining ban

19 Feb 2019 - The Star Online
PETALING JAYA: Shares of WZ Satu Bhd and IJM Corp Bhd were up today on buying momentum on news that the moratorium and ban on bauxite mining activities will be lifted in April. WZ Satu, which has been affected by the moratorium, surged 15.62%, or five sen to 37 sen with 5.7 million shares done. So far ...
klse:7245 klse:3336

Sunway Construction gets RM781m Tenaga contract

19 Feb 2019 - The Star Online
KUALA LUMPUR: Sunway Construction Group Bhd 's subsidiary has secured a RM781.30mil contract from Tenaga Nasional Bhd for the power giant's campus in Bangsar. SunCon said on Tuesday its subsidiary Sunway Construction Sdn Bhd had accepted the letter of award issued by Tenaga for phase two of the headquarters ...
klse:5263 klse:5211 klse:5347

McDermott announces contracts for pan Malaysia oil field development

19 Feb 2019 - The Star Online
Mcdermott has announced contracts for developing pan Malaysia oil fields. Reuters reported that two contracts were awarded for Malaysian offshore projects.
klse:1287 klse:4081

Axiata, Dialog boost KLCI as consumer stocks top gainers list

18 Feb 2019 - The Star Online
KUALA LUMPUR: Investor sentiment towards Axiata turned positive after the sale of its 28.67% stake in Singapore's M1 Ltd while Dialog Group advanced after its firm earnings and upgrade by analysts. At 5pm, the KLCI was up 3.91 points or 0.23% to 1,692.74. Turnover was 2.75 billion shares valued at RM1.65bil. ...
klse:7277 klse:6888 sgx:b2f

Axiata’s sale of M1 stake will lower debt, S&P says

18 Feb 2019 - The Star Online
KUALA LUMPUR: Axiata Group Bhd ’s sale of its ts 28.67% stake in Singapore's M1 Ltd has improved its financial headroom and the sale proceeds will help cut debt, S&P Global Ratings says in a report. The rating agency said on Monday the additional financial headroom will be useful to fund investment opportunities ...
klse:6888 sgx:b2f

TSH reports fire incident at subsidiary's factory

18 Feb 2019 - The Star Online
KUALA LUMPUR: TSH Resources Bhd has reported a fire at a factory owned by its wholly owned subsidiary, Ekowood International Bhd . The group told the stock exchange that the fire broke out at the factory located in Gopeng, Perak, at about 5am today.
sgx:kuh klse:9059 sgx:574

EPF to meet AirAsia over dispute with MAHB

18 Feb 2019 - The Star Online
KUALA LUMPUR: The Employees Provident Fund (EPF) has confirmed that it has written to AirAsia Group Bhd and Malaysia Airports Holdings Bhd over their feud. The public spat between both companies got the EPF concerned, as it is a major shareholder in both AirAsia and MAHB. EPF CEO Tunku Alizakri Alias ...
klse:5099 klse:5014

Axiata green lights Keppel-SPH buyout offer for M1

18 Feb 2019 - Singapore Business Review
The Malaysian telco will gain $31m from the transaction. Reuters reported that Axiata group has accepted the bid from Keppel Corporation and Singapore Press Holdings (SPH) to buy 28.7% of its stake in M1 for $549.17m as the Singapore investors valued M1 at $1.9b. “It is actually not an easy decision ...
sgx:t39 klse:6888 sgx:bn4 sgx:b2f