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MUI executive chairman Khoo Kay Peng retires

13 Dec 2018 - The Star Online
KUALA LUMPUR: Tan Sri Khoo Kay Peng announced his retirement as Malayan United Industries Bhd (MUI) executive chairman today after helming the company for four decades. Concurrently, his son, Andrew Khoo Boo Yeow, has been appointed by the MUI board as the company's executive chairman after assuming ...

Abd Aziz Sheikh Fadzir resigns from Utusan

13 Dec 2018 - The Star Online
KUALA LUMPUR: Utusan Melayu (M) Bhd executive chairman Datuk Abd Aziz Sheikh Fadzir has resigned due to other personal business commitments, the loss-making newpaper publisher said in a filing with Bursa Malaysia today. Former Member of Parliament for Kulim-Bandar Baru was appointed to the post in June ...

IJM expects construction to pick up speed by mid-2019

13 Dec 2018 - The Star Online
KUALA LUMPUR: IJM Corp Bhd expects its construction division to perform better from the second half of next year as its current projects are still at the initial or foundation stages. Chief executive officer and managing director Datuk Soam Heng Choon said the overall construction sector in Malaysia ...

Eco World Dev's net profit jumps in Q4 to RM33.71m

13 Dec 2018 - The Star Online
KUALA LUMPUR: Eco World Development Group Bhd posted a net profit of RM68.53mil in the fourth quarter ended Oct 31, more than double the sum of RM33.71mil recorded in the year-ago quarter on contributions from its joint ventures and projects. In its stock exchange filing, the group said total sales from ...

EcoWorld International posts FY2018 net profit of RM35.24m

13 Dec 2018 - The Star Online
KUALA LUMPUR: Eco World International Bhd turned profitable in FY2018 ended Oct 31 with a net profit of RM35.24mil as compared to a net loss of RM87.63mil in the previous financial year due to contributions from its UK joint venture's projects in the Built-to-Rent (BtR) subsector. For the final quarter, ...

Bermaz Auto H1 results beat forecast, says CIMB Research

13 Dec 2018 - The Star Online
KUALA LUMPUR: Bermaz Auto results for the first of its financial year 2019 (1HFY19) Bermaz’s revenue grew by 36% on-year due to stronger sales in Malaysia (+67%), in spite of the weaker sales in the Philippines (-38%) due to the implementation of the Tax Reform for Acceleration and Inclusion law in January ...

Kenanga Research ups BIMB target price, retains Outperform

13 Dec 2018 - The Star Online
KUALA LUMPUR: Kenanga Research has revised its target price slightly for BIMB Holdings Bhd to RM5.05 from RM4.95 and retained its Outperform call. The research house said on Thursday the higher target price was based on a blended FY19E price-to-book value/ price-to-earnings (PB/PE) ratio of 1.5 times ...

Banks help Bursa snap six days of losses, MyEG slides

12 Dec 2018 - The Star Online
KUALA LUMPUR: CIMB, Public Bank and RHB Bank underpinned the FBM KLCI's rebound on Wendesday, snapping six straight days of losses while My EG Services tumbled in active trade. At 5pm, the KLCI was up 10.64 points or 0.64% to 1,663.27. Turnover was 2.07 billion shares valued at RM1.93bil. The broader ...
klse:8907 klse:0138 klse:1295 klse:1066

MY EG falls in heavy trade

12 Dec 2018 - The Star Online
KUALA LUMPUR: Shares of e-services provider My E.G. Services Bhd fell to a low 84 sen in late Wednesday trade in the absence of any negative news. At 4.20pm, My EG was down 16.5 sen to 84.5 sen – the lowest since Dec 7. It was actively traded with 216 million shares done. The FBM KLCI rose 10.94 points ...
klse:8907 klse:0138

AirAsia, AAX shares drop with MAHB suit

12 Dec 2018 - The Star Online
KUALA LUMPUR: Shares of AirAsia Bhd and AirAsia X Bhd (AAX) fell on Wednesday following news that Malaysia Airports Holdings Bhd (MAHB) is suing the two carriers. AirAsia fell 1.52%, or four sen to RM2.60 while AAX shed 2.13%, or 0.5 sen to 23 sen. MAHB is suing low-cost carrier AirAsia and AAX for ...
klse:5014 klse:5099 klse:5238