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Blue chips inch higher on Genting, Petronas Dagangan’s gains

25 Apr 2019 - The Star Online
KUALA LUMPUR: Genting Bhd and Petronas Dagangan helped the FBM KLCI eke out marginal gains early Thursday as investors looked towards institutional players to take the lead. Bumi Armada slipped after the strong gains the previous day while Ekovest and Iskandar Waterfront City managed to regain their ...
sgx:g13 klse:5210 klse:5681 klse:3182

KLCI closes on strong note on IHH, CIMB and MISC gains

24 Apr 2019 - The Star Online
KUALA LUMPUR: Blue chips extended their gains on Wednesday on some fund buying of IHH Healthcare, CIMB and MISC amid a firmer broader market. At 5pm, the FBM KLCI was up 10.57 points or 0.65% to 1,638.01. Turnover was high at 4.38 billion shares valued at RM2.84bil. Advancers beat deciners 598 to 328 ...
klse:3816 sgx:q0f klse:5225

Quick take: FGV rises to highest since November 2018

24 Apr 2019 - The Star Online
KUALA LUMPUR: Shares of plantation giant FGV Holdings Bhd rose to a high of RM1.32 on Wednesday, the highest since November 2018 on fresh corporate news and also it was upgraded to a buy. At 3.50pm, it was trading at RM1.30, up four sen, with 27.44 million shares done. The FBM KLCI was up 7.24 points ...
klse:5222

Boustead Plantations anticipates bullish CPO price

24 Apr 2019 - The Star Online
PETALING JAYA: Boustead Plantations Bhd anticipates crude palm oil (CPO) prices to be bullish by 2020, ranging from a conservative outlook of between RM2,200 and RM2,300 per tonne. This is supported by vegetable oil shortage in 2020 that will see increased demand for CPO. Chief executive officer Chow ...
klse:5254

SP Setia, Maybank launch FlexKey

24 Apr 2019 - The Star Online
SETIA ALAM: S P Setia Bhd and Maybank have jointly launched FlexKey, a rent-to-own (RTO) home ownership solution that is applicable to selective new launches. FlexKey is an enhanced HouzKEY financing scheme, where homebuyers are able to select their choice unit and preferred location from the newly ...
klse:8664 klse:5115 klse:1155

Tenaga, CIMB and RHB Bank power KLCI higher

24 Apr 2019 - The Star Online
KUALA LUMPUR: Blue chips climbed in early Wednesday trade, powered by gains in Tenaga Nasional, CIMB and RHB Bank, in line with the positive key Asian markets. At 9.25am, the KLCI was up 12.44 points or 0.76% to 1,639.88. Turnover was 543 million shares valued at RM325.37mil. There were 386 gainers, ...
klse:5347 klse:1066

Serba Dinamik to raise up to RM1b, AmInvest Research retains buy

24 Apr 2019 - The Star Online
KUALA LUMPUR: Serba Dinamik is planning to raise a sukuk issuance worth US$200mil to US$250mil (RM826mil to RM1bil) for a tenure of three years to refinance its existing foreign loans and international projects. AmInvestment Research is maintaining its buy call with unchanged forecasts and sum-of-parts-based ...
klse:5279

Affin Hwang maintains Sell on Cycle & Carriage Bintang, drops TP to RM1.18

24 Apr 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital research has affirmed its sell rating on Cycle & Carriage Bintang Bhd with a lower target price of RM1.18 from RM1.48 previously, following a core net loss of RM6.4mil in 1Q19. "Overall, the result was below expectations," said the research house. In its earnings announcement ...
klse:5185

MIDF reduces earnings estimates, TP on CMMT

24 Apr 2019 - The Star Online
KUALA LUMPUR: MIDF research maintained its neutral call on CapitaLand Malaysia Mall Trust , whose 1QFY19 earnings came in slightly below the research house's expectations. The research house lowered its target price on the stock to RM1.05 from RM1.08 previously. "Earnings revised by -2.5%/-2.5% for FY19F/FY20F ...
klse:5180

Quick take: Barakah shares most active on Bursa

24 Apr 2019 - The Star Online
KUALA LUMPUR: Shares in Barakah Offshore Petroleum Bhd were hotly traded in early trade Wednesday with over 20 million shares, exchanging hands, making it most actively traded counter. The integrated oil and gas (O&G) solutions provider jumped 15.79%, or 1.5 sen to 11 sen with 20.9 million shares traded. ...
klse:7251