Banks and IHH drag KLCI into the red

30 Jan 2019 - The Star Online
KUALA LUMPUR: Some mild selling of Public Bank, Maybank and IHH Healthcare sent the FBM KLCI slightly into the red early Wednesday but a jump in crude oil prices helped bolster Petronas-linked counters. At 9.12am, the KLCI was down 0.34 points or 0.02% to 1,690.07. Turnover was 138.79 million shares ...
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Maybank Research retains Buy for IHH, TP RM6.45

17 Jan 2019 - The Star Online
KUALA LUMPUR: Maybank Investment Bank Research retained its Buy call for IHH Healthcare and sum-of-parts based target price of RM6.45. It said on Thursday IHH’s 31%-owned Fortis had completed the acquisition of RHT’s hospital assets in India which Fortis operates at.
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EPF sells 4.63m IHH Healthcare shares

14 Jan 2019 - The Star Online
KUALA LUMPUR: The Employees Provident Fund (EPF) disposed of 4.63 million shares of IHH Healthcare Bhd on Jan 9, a filing with Bursa Malaysia on Monday showed. The retirement fund's stake was reduced to 8.03% or 728.11 million shares after the disposal of the shares.
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Bursa closes on firmer note, boost from Maxis, IHH

10 Jan 2019 - The Star Online
KUALA LUMPUR: Bursa Malaysia closed Thursday on a firm note with fund buying seen again in Maxis, IHH and Petronas Chemical while trading volume continued to increase and the ringgit extended its gains against the US dollar. At 5pm, the KLCI was up 11.05 points or 0.66% to 1,678.88. Turnover rose to ...
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Fortis auditors resign as IHH wants to streamline audit process

1 Jan 2019 - The Star Online
PETALING JAYA: India’s Fortis Healthcare Ltd’s statutory auditors Deloitte Haskins and Sells LLP have tendered their resignation, as its largest shareholder, IHH Healthcare Bhd , prefers to align its auditors on a group-wide basis. According to a report by India-based Business Standard, the auditors ...
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Tenaga, IHH push KLCI into positive territory

21 Dec 2018 - The Star Online
KUALA LUMPUR: The FBM KLCI rebounded in the late morning session after an earlier selldown as global equities slid further on growing unease over the global economic outlook. At midday, Shanghai's Composite Index had lost 1% while Hong Kong's Hang Seng shed 0.2% and Japan's Nikkei was 1.4% in the red. ...
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Blue chips stage mild bounce as IHH, HL Bank climb

19 Dec 2018 - The Star Online
KUALA LUMPUR: After the heavy selling in recent days, blue chips staged a mild rebound early Wednesday, shored up by IHH Healthcare, Hong Leong Bank and Petronas Gas but analysts said the technical outlook remains bearish. At 9.17am, the FBM KLCI was up 6.1 points or 0.37% to 1,641.41. Turnover was ...
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Bursa extends losses amid US rout; TNB, IHH lead declines

18 Dec 2018 - The Star Online
KUALA LUMPUR: A broad selloff in global equities continued on Tuesday as Wall Street plunged for a second straight session amid evidence of slowing economic growth, sending investors to the sidelines. Rattling hopes of a December boost to retailers, UK online clothing retailer Asos issued a profit warning ...
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IHH to seek legal advice on Fortis court ruling

17 Dec 2018 - The Star Online
KUALA LUMPUR: IHH Healthcare Bhd will seek legal advice on India's Supreme Court's decision to halt the purchase of a controlling stake in India's Fortis Healthcare for RM2.34bil. IHH said on Monday due to the order, it would not be able to proceed with the purchase of Fortis “for the time being until ...
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KLCI snaps two days of gains, IHH falls

14 Dec 2018 - The Star Online
KUALA LUMPUR: Blue chips snapped their two days of gains on Friday, as selling of IHH Healthcare, Tenaga Nasional and banks dragged the FBM KLCI into the red, in line with the weaker key Asian markets. At 5pm, the KLCI was down 14.04 points or 0.84% to 1,661.96. Turnover was thin with 1.50 billion shares ...
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