Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
▼ Straits Times 3,232.79 -27.56 -0.85%
▲ Hang Seng 28,539.66 +14.22 +0.05%
▼ Dow Jones 25,006.58 -12.83 -0.05%
▼ Shanghai Composite 2,814.04 -17.14 -0.61%
Viewing By Category : Malaysia Daily Bulletin   |   No. of Articles : 1840
Quick Links »
Gamuda

Gamuda 1Q16 Net Profit Drops 13%

Gamuda’s 1Q16 earnings declined 13.2 percent to RM161.2 million, attributable to the completion of the electrified double tracking railway project in November 2014 and the softening of the property market in Malaysia.
  • 17 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    contract

    Berjaya Land To Sell China Mall Project For RM1.4 Billion

    Berjaya Land (BLand) is cashing out its investment in Berjaya (China) Great Mall Recreation Centre in Hebei province, China – which is still under construction – for Rmb2.1 billion (RM1.4 billion).
  • 17 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    palm oil fruit Indonesia

    United Malacca Ventures Into Indonesia With RM287 Million Acquisition

    United Malacca (UM) is venturing into Indonesia and doubling its plantation land with the acquisition of an 83 percent effective stake in Indonesian oil palm plantation firm, PT Lifere Agro Kapuas (LAK) for US$66.4 million.
  • 16 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-arrow-money

    VS Industry 1Q16 Earnings Jump 71%

    Johor-based electronic manufacturing services provider VS Industry saw its 1Q16 net profit jump 70.8 percent to RM60.2 million on higher sales from its Malaysian operations and foreign exchange gain.
  • 16 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Tenaga May Report 2012 Full-Year Loss on Higher Costs, CEO Says

    Tenaga Nasional Buys Stake In Turkey Power Generation Asset

    Tenaga Nasional (TNB) is buying a 30 -percent stake in Turkish power company Gama Enerji for US$243 million, marking its entry into Turkey’s growing power sector that can also act as a platform to pursue infrastructure projects in the surrounding region.
  • 15 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    george kent

    George Kent 3Q16 Earnings Surge 67%

    George Kent (Malaysia) reported a 67 percent increase in 3Q16 net profit to RM12.1 million, underpinned by the effect of foreign exchange rate on export sales while revenue in the quarter rose marginally by 0.9 percent to RM96.9 million.
  • 15 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    GD Express

    GD Express Bullish On The Region, Eyes Inorganic Growth

    GD Express Carrier riding on the e-commerce wave, will pursue inorganic growth via acquisitions and seek partnerships with other courier companies to expand into new markets in the ASEAN region.
  • 14 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Business Graph

    Sasbadi Expected To Deliver 33% Earnigns Growth In FY16

    AllianceDBS Research has turned positive on Sasbadi Holdings and expects the company to deliver FY16 and FY17 earnings growth of 33 percent and 22 percent respectively, driven mainly by its conventional book publication, and merger and acquisition activities.
  • 14 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    berjaya

    Berjaya Auto 2Q16 Net Profit Slips 8%

    Berjaya Auto reported a 6.6 percent rise in 2Q16 turnover to RM542.4 million, mainly driven by the competitively priced Mazda models in Malaysia and Philippines.
  • 11 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    consolidate

    DRB-Hicom To Consolidate Logistics Business Under Pos Malaysia

    DRB-Hicom is proposing to inject KL Airport Services (KLAS) and a 9.9-acre piece of freehold land in Shah Alam, Selangor, into Pos Malaysia for RM835.2 million, in a move to consolidate its logistics business.
  • 11 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Sunway

    Affin Hwang Remains Upbeat On Sunway’s Prospects

    Affin Hwang Capital Research noted that while Sunway has recently revised its property sales target toRM1 billion amidst the current challenging property market, a bright spot exists in the group’s construction segment.
  • 10 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Business Graph

    SCGM 2Q16 Earnings Jump 58%

    Thermo-vacuum form and vacuum plastic packaging manufacturer SCGM posted a 57.7 percent increase in 2Q16 net profit to RM4.8 million helped by favourable product mix, lower fuel cost and strengthening of US dollar against the Malaysian ringgit.
  • 10 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Teo Seng

    Teo Seng Aims To Double Production, Plans RM180 Million Capital Expenditure

    Despite the fragmented and crowded market, as well as volatile prices, Teo Seng Capital is eyeing to almost double its production capacity to five million eggs a day by 2019 from 3.3 million currently.
  • 09 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Astro

    Astro Malaysia 3Q15 Earnings Slip 6%

    Astro Malaysia Holdings’ net profit slid 6.4 percent to RM103 million in 3Q15, impacted by unrealised foreign exchange (forex) losses.
  • 09 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    A&W

    KUM Disposes A&W Operations In Thailand

    KUB Malaysia’s wholly-owned subsidiary Restoran Kualiti and its unit A&W (M) have entered into a share purchase agreement with Kulpavee Chalermmeateewong, a Thai citizen, to transfer 88.3 percent share of A&W Restaurants (Thailand) (AWT) for RM3.7 million.
  • 08 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    CAB

    CAB Cakaran Plans Poultry JV In Indonesia

    Integrated poultry producer CAB Cakaran Corporation has signed a memorandum of understanding (MOU) with the Salim Group of Indonesia for the purpose of establishing a fully integrated poultry business in Indonesia.
  • 08 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    AWC

    Rainwater Harvesting System To Boost AWC’s Earnings

    AWC has ventured into the plumbing and rainwater harvesting system business after it completed the acquisition of Qudotech and DD Techniche (DDT), and is banking on this newly acquired business to boost earnings.
  • 07 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    hua yang

    Hua Yang Plans RM311 Million Project In Penang

    Property developer Hua Yang is proposing a mixed development with an estimated gross development value of RM311 million in Penang.
  • 07 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    RTO

    Tekala Plans Reverse Takeover, Property Development Venture

    Loss-making timber processing company Tekala Corporation has proposed a reverse takeover by WMG Holdings, and the acquisition of five property assets worth RM513 million from Syarikat Kretam (Far East) Holdings, with intent to diversify into property development.
  • 04 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    MRCB

    Malaysian Resources To Inject Office Tower Into REIT For RM640 Million

    Malaysia Resources Corporation (MRCB) is planning to inject the 33-storey Menara Shell into MRCB-Quill Real Estate Investment Trust (MQREIT), to unlock RM640 million worth of investment value in the property.
  • 04 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    berjaya

    Berjaya Corporation To Up Stake In Berjaya Land By 12%

    Berjaya Corporation is proposing to increase its stake its 63.1 percent-owned subsidiary Berjaya Land to 75.1 percent, through the acquisition of an additional 12 percent stake for RM419.1 million.
  • 03 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Business Graph with arrow showing profits and gains

    Glomac 1H16 Net Profit Climbs 13%

    Glomac recorded a 13.5 percent gain in 1H16 earnings to RM38.6 million, on the back of a 39.5 percent jump in revenue to RM269.1 million, driven by progress billings in its key ongoing projects.
  • 03 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    contract

    Iris Corporation Bags RM623 Million Property Job

    Digital identification solutions provider Iris Corporation, which ventured into property development earlier in 2015, was awarded a mixed development contract in Putrajaya that carries an estimated gross development cost of RM622.7 million.
  • 02 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    JV

    UEM Sunrise Partners WCT For RM3 Billion Property Project

    UEM Sunrise has partnered with WCT Holdings to jointly develop a mixed-used development project in Mukim Serendah, Selangor, that carries a targeted gross development value of approximately RM3 billion.
  • 02 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    carlsberg_choice3

    Carlsberg Brewery Malaysia 3Q15 Net Profit Jumps 11%

    Despite a marginal 0.9 percent fall in 3Q15 revenue to RM405.7 million, Carlsberg Brewery Malaysia’s net profit advanced 11 percent to RM63.7 million.
  • 01 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    72 - Corporate Digest - Mah Sing

    Mah Sing 9M15 Earnings Up 5%

    Property developer Mah Sing Group recorded a 4.9 percent rise in 9M15 net profit to RM273.8 million, on the back of a 13.3 percent gain in revenue to RM2.3 billion.
  • 01 December 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    kimlun

    Kimlun 9M15 Earnings Jump 39%

    Kimlun Corporation’s 9M15 net profit rose 39.3 percent to RM49.3 million despite a 11.6 percent decline in turnover to RM821.7 million, due to the lower amount of construction jobs completed and lower sales of segmental box girders.
  • 30 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    takeover

    MWE Holdings Receives RM319 Million Takeover Offer

    MWE Holdings has received a takeover offer from Tan Sri Surin Upatkoon, via his private vehicle Pinjaya to acquire the remaining stake in the company for RM391.4 million or RM1.70 per share.
  • 30 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    FGV

    Felda Global Venture Said To Put US$680 Million Eagle High Deal On Hold

    According to sources, Felda Global Ventures Holdings has put on hold a planned US$680 million purchase in Indonesia after shareholders criticised the deal as too expensive and market conditions deteriorated.
  • 30 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    sime-darby-generic

    Sime Darby Mulls Cash Call To Trim Gearing

    World’s largest listed palm oil producer, Sime Darby, is considering making a cash call to trim its gearing ratio to 40 percent, from about 60 percent currently.
  • 27 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Airasia now

    AirAsia Posts Q3 Net Loss Of RM406 Million

    Budget airline operator AirAsia posted a net loss of RM405.7 million in 3Q15 – compared to a net profit recorded in 3Q14 – on higher foreign exchange losses suffered by its Indonesian affiliate.
  • 27 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Maybank Feature Image

    Maybank 3Q15 Earnings Up 18%

    Amid a soft banking outlook, Malayan Banking (Maybank) registered an 18.1 percent rise in 3Q15 net profit to RM1.9 billion, largely attributable to the growth in the group’s gross loans, advances and financing despite higher allowances for impairments.
  • 27 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    GHL

    GHL Systems 3Q15 Earnings Slump 40%

    Despite a 14 percent rise in 3Q15 revenue to RM52.1 million on the back of better sales in its transaction payment acquisition (TPA) and shared services divisions, GHL Systems recorded a 40.5 percent decline in net profit to RM1.1 million.
  • 26 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    CIMB enters retails banking, branch at raffles place, emilyn

    CIMB Group Q3 Operating Income Up 9%; Earnings Down On Higher Loan Provisions

    Despite an 8.8 percent growth in 3Q15 operating income to RM3.8 billion, CIMB Group Holdings’ net profit fell 9.7 percent to RM803.9 million.
  • 26 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    IFCA

    IFCA Ventures Into E-commerce

    Software provider IFCA MSC is set to enter the e-commerce space with the launch of a new portal called property365.my (P365) early December.
  • 26 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    UEM Edgenta Buys 80% Stake In Facilities Management Firm

    UEM Edgenta is taking a 80 percent stake in integrated facilities management company KFM Holdings for RM128 million, in a move to expand into the asset facilities management, environmental and sustainability business.
  • 25 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    IJM

    IJM Corporation 2Q16 Net Profit Up 40%

    IJM Corporation’s 2Q16 earnings jumped 40.3 percent to RM156.4 million while turnover gained a smaller 3.6 percent to RM1,339 million, with the better performance underpinned by higher contributions from the group’s construction, industry and infrastructure divisions.
  • 25 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    arrow red

    Icon Offshore 3Q15 Net Profit Plunges 71%

    Icon Offshore saw a 70.8 percent slump in 3Q15 earnings to RM5.5 million on the back of a 13.4 percent decline in revenue to RM69.1 million.
  • 25 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Eversendai

    Eversendai Bags Contracts Worth RM316 Million

    Eversendai Corporation has bagged a string of new engineering and construction contracts both foreign and domestic, worth RM316 million, through its subsidiary companies in Qatar, India and Malaysia.
  • 24 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Pos

    Pos Malaysia 2Q16 Net Profit Plunges 90%

    Pos Malaysia’s 2Q16 earnings sank 89.8 percent to RM3.5 million, attributable to lower mail and retail segment profits contributed by higher transportation cost for transshipment business and recognition of expired postal order in 2Q15.
  • 24 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Malakoff

    Malakoff 3Q15 Earnings Jump 44%

    Despite an 8.8 percent decline in 3Q15 turnover to RM1.3 billion, Malakoff Corporation’s net profit gained 44.3 percent to RM156 million due to lower losses due to its associate and lower finance costs.
  • 24 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Ikhmas Jaya

    Ikhmas Jaya Earnings Up On Stronger Margin; Maintain ‘Buy’: AmResearch

    Ikhmas Jaya Group reported 3Q15 net profit of RM7.4 million, bringing nine-month earnings to RM23 million, up 45 percent year-on-year, which were within the expectations of AmReseach.
  • 23 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    bah

    Borneo Aqua Harvest To Diversify Into Mining

    Borneo Aqua Harvest, which is primarily in the aquaculture business, is proposing to buy the entire equity interest of Wullersdorf Resources for RM131 million, to diversify into the exploration for minerals and mining business.
  • 23 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    Nexgram Launches Takeover Offer For Ire-Tex

    Nexgram Holdings has launched a conditional takeover offer for Ire-Tex Corporation that will see it venture into the manufacturing and industrial automation businesses.
  • 23 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    kossan2

    Kossan 3Q15 Net Profit Jumps 60% On Higher Sales

    Higher gloves sales, a better product mix and improved operational efficiency have sent latex gloves manufacturer Kossan Rubber Industries 3Q15 earnings surging 60.4 percent to RM55.2 million.
  • 20 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    MRCB

    Malaysian Resources 3Q15 Earnings Slide 79%

    Malaysian Resources Corporation’s 3Q15 net profit plunged 79.4 percent to RM5.6 million, on the back of a 24.8 percent decline in turnover to RM374.1 million, and further weighed down by lower other operating income and higher tax expenses.
  • 20 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Malaysian ringgit notes are seen among U.S. dollar bills in this photo illustration taken in Singapore

    Forex Gains Boosts Kian Joo’s Earnings By 17%

    Kian Joo Can Factory reported a 17 percent rise in 3Q15 net profit to RM44.2 million, on the back of a 21.8 percent increase in revenue to RM403.8 million.
  • 19 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Lafarge

    Lafarge Malaysia 3Q15 Net Profit Jumps 29%

    Lafarge Malaysia, the country’s largest cement manufacturer, recorded a 28.9 percent increase in 3Q15 net earnings to RM70.7 million, mainly due to higher sales revenue from the cement segment, improved plant performance and higher foreign exchange gains.
  • 19 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Dutch Lady

    Dutch Lady 3Q15 Net Profit Surges 75%

    Dutch Lady Milk Industries’ 3Q15 earnings advanced 74.8 percent to RM50 million, on the back of favourable raw material purchases and positive foreign currency hedging effects.
  • 18 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-dialog-group

    Dialog Group 1Q16 Earnings Up 20% On Better Margins

    Oil and gas services firm player Dialog Group recorded a 20.4 percent jump in 1Q16 net profit to RM60.1 million, despite revenue easing 0.9 percent to RM536.4 million due to lower sales in specialist products and services and upstream activities.
  • 18 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-arrow-money

    Malaysian Pacific Industries 1Q16 Earnings More Than Double

    Semiconductor company Malaysian Pacific Industries’ 1Q16 earnings rocketed 135.7 percent to RM49.9 million, largely due to the strengthening of the US dollar against the Malaysian ringgit, and lower material costs due to lower commodity prices.
  • 18 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-up-arrow

    Ta Ann 3Q15 Net Profit Jumps 55% On Higher Oil Palm Output, Forex Gains

    Ta Ann Holdings’ net profit for 3Q15 recorded a 54.6 percent surge to RM67.4 million, on the back of a 5 percent rise in revenue to RM298.9 million.
  • 17 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    IOI Corp

    IOI Corporation Plunges Into The Red For 1Q16

    The weaker Malaysian ringgit and the lower price of crude palm oil (CPO) have taken a toll on IOI Corporation, as it sank into the red for 1Q16, posting one of its worst quarterly losses of RM719 million.
  • 17 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    star media

    Star Media 9M15 Earnings Slide 7%

    For the nine-month period ended 30 September (9M15), Star Media Group registered a marginal 0.7 percent gain in revenue to RM738.3 million, underpinned by increased contributions from its events, exhibition, interior and thematic segment.
  • 17 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Inari

    Inari Amertron To Get Boost From Radio Frequency Chip Production In 2016

    AmResearch has rolled over its valuation for Inari Amertron to 16 times calendar year 2016 price to earnings ratio to better reflect the earnings kicker from oncoming high-margin radio frequency (RF) chip production capacities in early 2016.
  • 16 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Westports

    Wesports 3Q15 Net Profit Slips 8% On Higher Tax

    Westports Holdings reported a 7.7 percent decline in 3Q15 earnings to RM130 million due to increased tax expenses/
  • 16 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Stemlife

    StemLife Receives Takeover Offer At RM0.45 Per Share

    Stem cell banking company StemLife has received a mandatory takeover offer from its major shareholder, Singapore-listed Cordlife Group, to acquire the remaining 67 percent stake it does not own in the company for RM0.45 per share.
  • 13 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    arrow red

    TASCO 1H16 Net Profit Falls 27%

    Despite recording a 4.3 percent gain in 2Q16 turnover to RM127.9 million, TASCO’s earnings for the quarter fell 12.2 percent to RM7.1 million dragged by its contract logistics (CL) division.
  • 13 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-arrows-through

    GuocoLand (Malaysia) 1Q16 Earnings Surge More Than 7 Folds

    GuocoLand (Malaysia) reported a more than seven-fold gain in 1Q16 net profit to RM21.3 million, on the back of a 148.4 percent jump in turnover to RM70.8 million.
  • 12 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    econpile

    More Jobs Expected For Econpile

    AmResearch is expects more jobs to flow into Econpile Holdings, given its current tender book of RM1 billion.
  • 12 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    MP900409313

    Alliance Financial Group Viewed As Undervalued

    Given that the Alliance Financial Group’s shares are trading at an attractive 1.2 times book value, Affin Hwang Capital is of the view that the stock is undervalued, with a possible 23 percent upside.
  • 11 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    arrow red

    Bintulu Port 3Q15 Earnings Slide 16%

    Bintulu Port Holdings reported a 15.7 percent decline in 3Q15 net profit to RM29.2 million, as turnover slipped 2 percent to RM130.8 million.
  • 11 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    SLP

    Falling Resin Price, Weak Ringgit Boosts SLP Earnings To Record High

    Plastic packaging manufacturer, SLP Resources, is benefitting from the weak Malaysian ringgit as well as the drop in prices of raw materials, in particular resin, which has helped boosted earnings to a record RM9.4 million in 3Q15, up almost 200 percent year-on-year.
  • 09 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Business Graph

    Formosa 3Q15 Net Profit More Than Doubles

    Formosa Prosonic Industries reported 3Q15 net profit that more than doubled to RM9 million, on the back of a 22.4 percent rise in turnover to RM91.7 million, mainly due to higher sales in its Malaysian operations.
  • 09 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    MRCB

    2016 A Lift-Off Year For Malaysian Resources Corporation: AmResearch

    AmResearch noted that Malaysian Resources Corporation (MRCB) is approaching the tail-end of its restructuring moves to optimise its corporate structure, balance sheet and growth trajectory, and expects 2016 to be a year where the firm would be moving from restructuring to growth.
  • 09 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Harta3

    Hartalega 2Q16 Earnings Jump 25%

    Hartalega Holdings reported a 25.4 percent increase in 2Q16 net profit to RM60.4 million, underpinned by a 37.8 percent hike in turnover to RM379.4 million, attributed to the strengthening of the US dollar against the Malaysian ringgit, as well as production capacity expansion.
  • 06 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    red_arrow_down_crash_1600_clr_2751

    Share Issuance Drags JAG Into The Red For 3Q15

    Waste management services provider JAG swung into a net loss of RM8.2 million in 3Q15, attributable to huger staff costs due to the granting of share issuance scheme options to eligible employees, which amounted to RM9.1 million.
  • 06 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Business Graph

    MISC 9M15 Net Profit Up 38%

    MISC reported a 14.9 percent gain to RM2.5 billion in 3Q15 turnover, attributable to higher contribution from the energy related shipping segment, underpinned by improved freight rates.

  • 05 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    plenitude

    Plenitude Maintains Sales Target Despite Softening Property Market

    Developer Plenitude, which has recently completed a merger with The Nomad Group is keeping its sales target at RM250 million for 2016 despite softening demand in the property market.
  • 05 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    BAT1

    British American Tobacco Hikes Prices; Downgrade To ‘Sell’

    British American Tobacco (Malaysia) has decided to raise list prices across its cigarette portfolio by as much as RM3.20 starting 4 November, following an increase in excise of more than 40 percent.
  • 04 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    Astral Supreme Inks RM80 Million Job In Sabah

    Astral Supreme’s unit, Astral Supreme Construction (ASC), has received a RM80.5 million subcontract job to undertake the main building works under the People’s Housing Programme in Sabah.
  • 04 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-f&n

    F&N Q4 Earnings Down 9%, Impacted By Soft Drink Segment

    Fraser & Neave Holdings (F&N) posted a 8.8 percent decline in 4Q15 net profit to RM56.7 million, despite a 4.5 percent rise in turnover to RM1,007.8 million.
  • 04 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Petronas Chemicals

    Petronas Chemical 3Q15 Net Profit Climbs 39%

    Petronas Chemicals Group reported a 38.6 percent jump in 3Q15 net profit to RM916 million, underpinned by higher sales volumes, favourable exchange rate movement and lower feedstock costs.
  • 03 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    felda

    Higher Price Target Possibility For Felda Global Ventures

    A higher target price will be assigned by CIMB Research should Felda Global Ventures Holdings (FGV) manage to secure a significant discount for its proposed purchase of Indonesia-based PT Eagle High Plantations Tbk. The research house quipped that it is positive about FGV re-looking the purchase consideration, which has been its concern since the announcement [...]
  • 03 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Business Graph

    Destini 3Q15 Earnings Up 66%

    Destini reported a 66.1 percent gain in 3Q15 net profit to RM7.1 million, underpinned by a 130.5 percent surge in turnover to RM90.3 million.
  • 02 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Airasia now

    AirAsia’s Target Price Raised By CIMB Research

    CIMB Equities Research is gaining more confidence in AirAsia, and has raised its target price for the carrier to RM1.80.
  • 02 November 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-arrow-money

    Unisem 9M15 Earnings Boosted By Strong US Dollar

    Unisem (M) reported 9M15 core net profit that surged 159 percent to RM97.5 million, on the back of a 20.7 percent rise in turnover to RM908.5 million
  • 30 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Tenaga May Report 2012 Full-Year Loss on Higher Costs, CEO Says

    Tenaga FY15 Earnings Fall 5% On Weaker Ringgit

    Tenaga Nasional posted a 5.4 percent decline in FY15 net profit to RM6,118.4 million due to the weaker Malaysian ringgit which has depreciated by about 23 percent against the US dollar since January this year.
  • 30 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Business Graph with arrow showing profits and gains

    Homeritz 4Q15 Net Profit Jumps 28%

    Furniture maker Homeritz Corporation registered a 27.9 percent jump in 4Q15 net profit to RM6.6 million, on higher sales and the strengthening US dollar. Revenue in the quarter gained 14.7 percent to RM38.1 million.
  • 30 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    contract

    Malaysian Resources Announces 3 Major Deals

    Malaysian Resources Corporation announced three major deals on 28 October, which includes two job wins worth RM4.8 billion and the formation of a 70:30 JV with Cyberview to undertake the development of the Cyberjaya City Centre.
  • 29 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Up

    IGB REIT Q3 Core Net Profit Rises 8%

    IGB Real Estate Investment Trust’s (IGB REIT) 3Q15 core net profit gained 8.3 percent to RM65.1 million, on the back of a 7.5 percent growth in revenue to RM121 million.
  • 29 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    maxis_logo

    Maxis 3Q15 Net Profit Falls 6%

    Despite recording a 4.9 percent increase in 3Q15 revenue to RM2.2 billion, underpinned by solid prepaid performance and stable core postpaid, Maxis’ net profit declined 6.5 percent to RM420 million, mainly driven by higher unrealised foreign exchange losses.
  • 29 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Business Graph

    Globetronics Technology Q3 Net Profit Up 16%

    Globetronics Technology reported a 16.1 percent rise in 3Q15 net profit to RM20.5 million, despite a 2.6 percent decline in turnover to RM88.7 million, as earnings were lifted by better product mix and cost control programmes carried out.
  • 28 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    BAT1

    British American Tobacco Records Flattish Earnings In 9M15

    British American Tobacco (Malaysia) (BAT) posted a 6.5 percent increase in 3Q15 net profit to RM256.9 million, largely on lower operating expenses, lower finance cost and lower cost of sales.
  • 28 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Malaysian ringgit notes are seen among U.S. dollar bills in this photo illustration taken in Singapore

    Stronger US dollar Against Malaysian Ringgit Expected To Benefit Evergreen

    HLIB Research sees value in Evergreen Fibreboard due to the stronger-than-expected US dollar against the ringgit, which in turn is favourable to the company’s bottom line.
  • 28 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    Yong Tai Inks JV For Projects In KL, Malacca

    Garments manufacturer and retailer Yong Tai has acquired a 17-acre seafacing tract in Malacca for RM37 million and has also entered into JVs for projects in KL and Malacca carrying a combined gross development value (GDV) of RM5.6 billion over the next eight years.
  • 27 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Construction site

    Bina Puri Awarded RM230 Million Job In JB

    Bina Puri Holdings has secured a 1Malaysia People’s Housing (PR1MA) project for affordable housing worth RM230mil in Johor Baru (JB), which entails the construction of 994 residential units and 20 shops on 18.2 acres of freehold land.
  • 27 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    synergy

    Managepay Ties Up With Fusionex For Big Data, E-Payment

    ManagePay Systems has signed a partnership agreement with Adv Fusionex for the development of services related to big data analytics and e-payment.
  • 27 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    KLIA

    Malaysia Airport Holdings Could See Persistent Weak Passenger Traffic In 2016

    Malaysia Airport Holdings (MAH) reported 9M15 traffic statistics are weaker than expected, rising only 1.8 percent against CIMB IB Research’s 2.5 percent full-year growth forecast, dragged down by lower than expected international traffic growth.
  • 26 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Source.....

    Bursa Malaysia 3Q15 Earnings Slip 3%

    Bursa Malaysia’s net profit inched down 3.1 percent in 3Q15 to RM51.5 million, dragged mainly by higher operating expenses.
  • 26 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Brahim

    Brahim’s Receives Offer For Stake In Catering Business

    Brahim’s Holdings has received an offer from Singapore’s SATS to acquire its 49 percent stake in Brahim’s Airline Catering Holdings (BACH) for RM218 million.
  • 23 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    nestle_produkt

    Nestle (Malaysia) 3Q15 Earnings Jump 19%

    Nestle (Malaysia) posted a 19.4 percent gain in 3Q15 net profit to RM179.2 million, underpinned by a 5.3 percent rise in revenue to RM1.2 billion as well as favourable trends in most raw materials coupled with cost management.
  • 23 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    RM53.5m Petronas Contract Secured By Alam Maritim

    A RM53.5 million contract from Petronas Floating LNG 1 (L) has been bagged by Alam Maritim Resources. The contract is for offshore works pertaining floating liquefied natural gas. On a bigger overview, the contract was for the positioning and mooring system hook-up and commissioning of pipeline, pipeline ends terminal and riser for the Petronas Floating [...]
  • 21 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    TNB’s Edra Offer Not Given Any Ratings From Moody’s

    On Tenaga Nasional’s (TNB) conditional offer to acquire Edra Global Energy’s power generation assets from 1Malaysia Development (1MDB), Moody’s Investors Services (Moody’s) is not taking any rating action on this.
  • 20 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    guocoland_logo

    Guocoland Associate’s Sepang Land Sale Of RM475m

    Associate of Guocoland (Malaysia); Vintage Heights is selling 679.2 hectares of land in Sepang, Selangor to Putrajaya Properties for cash consideration of RM475 million.
  • 19 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    IJM

    RM7 Billion Order Book To Drive IJM’s Growth

    According to Affin Hwang Capital, IJM Corporation’s outstanding order book of RM7 billion will drive construction earnings growth in FY17 and also noted that new contract procurement prospects are good.
  • 16 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-arrows-through

    Top Glove Achieve Record Earnings For FY15

    Top Glove Corporation posted strong results for the financial year ended 31 August 2015, with a 55.2 percent jump in net profit to a record RM280.1 million, on the back of a smaller 10.3 percent gain in turnover to RM2.5 billion.
  • 16 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Malaysian ringgit notes are seen among U.S. dollar bills in this photo illustration taken in Singapore

    Mikro Sees Strong US Dollar Boosting Earnings

    Mikro MSC, which designs and manufactures electronic products for the power distribution industry, expects better net profit for the current financial year ending 30 June 2016 (FY16) as the strong US dollar has helped to boost the group’s earnings.
  • 15 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    pavilion

    Pavilion REIT Likely To Acquire Pavilion Extension

    With the recent planned acquisition of da:men USJ shopping mall, Pavilion Real Estate Investment trust (PavREIT) is likely to continue its acquisition trail with the soon-to-be-completed Pavilion Extension, to which it has the right of first refusal.
  • 15 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    NCB

    Higher Container Volume Growth For NCB Holding

    Maybank Investment Bank has revised upwards port operator NCB Holding container volume growth for this year, after the firm’s latest stronger than expected performance.
  • 14 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    arrow red

    Atlan Holdings Q2 Earnings Fall 44%

    Atlan Holdings recorded a 44.1 percent decline in 2Q16 net profit to RM4.7 million, despite a 9.7 percent rise in revenue to RM192.2 million, mainly attributable to enlarged losses in the firm’s investment holding segment.
  • 14 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    Glomac To Record RM83 Million Gain From Land Sale

    Glomac announced its plan to dispose of a piece of freehold land measuring about 16.9 hectares in Ulu Langat, Selangor, to Perbadanan PR1MA Malaysia for RM145.6 million cash.
  • 13 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    genting-berhad

    Genting Malaysia Could See Re-rating In 2016

    CIMB Equities Research believes that starting next year, Genting Malaysia will see a long-awaited multi-year re-rating process when the Genting Integrated Tourism Plan (GITP) comes on stream and starts to mature.
  • 13 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    malakoff

    New Plant To Contribute RM1 Billion To Malakoff’s Topline

    Malakoff Corporation’s Tanjung Bin power plant (TBP) is running at full capacity, while the progress of Tanjung Bin Energy (TBE) – scheduled to commence operations on 1 March 2016 – is on schedule, according to Public Investment Bank Research.
  • 12 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Construction site

    Construction Sector Overweight; Gamuda Top Pick: Maybank

    Maybank Investment Bank Research has reiterated its ‘Overweight’, noting that investors seem to be upbeat on the sector’s long-term prospect on the back of the strong pipeline of jobs and upcoming contract awards.
  • 12 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    Daya Materials Wins RM88 Million Contract

    Daya Materials’ unit, Daya OCI, has been awarded with a EUR17.7 million (RM88 million) contract to provide marine heating, ventilating and air-conditioning (HVAC) equipment and services for six navy vessels.
  • 09 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    palm oil fruit Indonesia

    MKH’s Property Sales Benefits From New MRT Stations

    Despite the weak general sentiments on plantation and property businesses, the two segments are expected to drive MKH’s earnings.
  • 08 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    DRB-hicom

    DRB-Hicom Plans Expansion, Sees Higher Revenue From Aerospace Arm

    DRB-Hicom’s aerospace arm, CTRM Aero Composites (CRTM), is planning to open a new plant next year to meet growing demand from plane makers and has allocated RM300 million.
  • 08 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    Johan Disposes Subsidiary For RM49 Million

    Johan Holdings wholly-owned subsidiary, Abacus Pacific NV, is selling its 66.1 percent equity interest in Jacks International to Creative Elite Holdings for RM48.7 million.
  • 07 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Airasia now

    AirAsia To Go Private?

    Founders of AirAsia are sounding out investors to take the company private in a management-led buyout, after its shares took a beating this year.
  • 07 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    sugar

    MSM Malaysia Expanding Into UAE

    MSM Malaysia Holdings is expanding its business into United Arab Emirates (UAE) with the opening of the MSM Trading International DMCC office in Dubai.
  • 06 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Telecom Tower

    OCK’s Towering Plan To Boost Recurring Income

    OCK Group is looking to boost its recurring income in the next three years by acquiring and building new greenfield telecommunications infrastructure, inclusive of towers and sites.
  • 06 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    property

    Sanbumi Ventures Into Property Sector

    Tourism-focused Sanbumi Holdings, which has been loss-making since 2006, is cautiously optimistic that its new diversification into property development with a planned 37-storey serviced apartment project.
  • 05 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    eggs

    Lay Hong Targets Cross-Border Expansion

    Lay Hong has announced that it is in talks with a few potential foreign investors and expects to complete negotiations within a month.
  • 05 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Top Glove

    Top Glove Eyeing M&A Deal Within A Year

    Top Glove Corporation is looking to expand aggressively through mergers and acquisitions, with hopes to conclude a deal within a year.

  • 02 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    media prima

    Media Prima To Buy Radio Stations For RM20 Million

    Media Prima has proposed to acquire the entire stake in a radio broadcasting company, Copyright Laureate, for a total cash consideration of RM20 million to expand its portfolio of media assets.
  • 02 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    red_arrow_down_crash_1600_clr_2751

    TA Global Slips Into The Red For Q2

    TA Global posted a net loss of RM12.6 million for the second quarter ended 31 July 2015 , a stark difference to the RM21.2 million net profit recorded in 2Q15.
  • 01 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    cypark

    Cypark Earnings Up On Renewable Energy And Infrastructure Operations

    Despite registering a 9.4 percent fall in 3Q15 revenue to RM61.4 million due to the slower progress in the environmental engineering projects, Cypark Resources managed to achieve a net profit of RM12.2 million comparable to the result in 3Q14.
  • 01 October 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Business Graph with arrow showing profits and gains

    VS Industry FY15 Earnings Surge 147%

    Despite recording a 5.2 percent drop in 4Q15 turnover to RM506.8 million, V.S. Industry’s earnings for the quarter jumped 44.4 percent to RM52.7 million.
  • 30 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-arrows-through

    Berjaya Corporation 1Q16 Net Profit Leaps More Than 6 Fold

    Berjaya Corporation registered a 14.1 percent decline in 1Q16 revenue to RM2.1 billion mainly due to the full effect of deconsolidation of Berjaya Auto. However, earnings surged more than six fold to RM56.1 million.
  • 30 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    E&O

    Eastern & Oriental To Develop RM1.5 Billion Project In Elmina West

    Property developer Eastern & Oriental (E&O) has announced that the construction of infrastructure at the 54.6 hectares freehold land in Elmina West will be carried out over the next three years.
  • 29 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Gamuda

    Gamuda Q4 Earnings Fall 25%

    Despite recording a 5.3 percent rise in 4Q15 turnover to RM632.3 million, Gamuda’s net profit for the quarter slumped 25.4 percent to RM153.7 million, mainly due to the completion of the electrified-double tracking railway.
  • 29 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Malaysian ringgit notes are seen among U.S. dollar bills in this photo illustration taken in Singapore

    Stronger US Dollar Weighs On Hai-O’s Prospects

    Hai-O Enterprise registered an 11.2 percent growth in 1Q16 turnover to RM55.4 million, attributable to a strong performance in the multilevel marketing (MLM) division.
  • 28 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    stop

    GPA Holdings To Cease Manufacturing Operations

    GPA Holdings’ subsidiaries, GP Autobat, GPA Plastic Industries and GPA Technologies, plan to shut down their respective manufacturing operations in 4Q15, following years of losses.
  • 28 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    MISC

    MISC’s Outlook Positive On Resilient Charter Rates

    Hong Leong Investment Bank (HLIB) Research is positive on the outlook of shipping firm MISC, based on its resilient petroleum tanker charter rate and strong support from its parent group, Petroliam Nasional (Petronas).
  • 25 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    diversify

    Poly Glass Eyes Larger Share Of Overseas Market

    Fibre glass wool maker Poly Glass Fibre (M) expects higher revenue from its Australia and New Zealand markets to help offset a potential drop in domestic sales as construction projects slow down.
  • 25 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    eco world

    Eco World Plans Land Acquisition Over RM1 Billion

    Eco World Development Group has proposed to buy 2,198.4 acres of leasehold land in Ijok, Kuala Selangor for RM1.2 billion.
  • 23 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Kelington

    Kelington Group Wins RM65 Million Contract

    Kelington Group has secured a $21 million (RM65 million) contract from M+W Singapore for the supply and installation of an exhaust distribution system.
  • 23 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    arrow red

    Berjaya Land 1Q16 Net Profit Sinks 74%

    Despite registering a 7.1 percent rise in 1Q16 turnover to RM1.5 billion, Berjaya Land’s net profit declined 73.7 percent to RM9.9 million.
  • 22 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    RTO

    Tecnic In Reverse Takeover Deal With Steel Structure Fabricator

    Tecnic Group has proposed a reverse takeover (RTO) on steel structure fabricator RohasEuco Holdings (REH).
  • 22 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    WCT Bags RM127 Million Infrastructure Job

    WCT Holdings’ wholly-owned subsidiary, WCT, has been awarded an infrastructure contract for the Kwasa Damansara township in Sungei Buloh, worth RM127.4 million.
  • 21 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    toto

    Berjaya Sports Toto 1Q16 Earnings Fall 7.5%

    Despite recording a 7.7 percent jump in revenue to RM1.3 billion for 1Q16, attributable to increased contribution form HR Owen, Berjaya Sports Toto’s net profit fell 7.5 percent to RM72.5 million.
  • 18 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    pavilion

    Pavilion REIT To Buy USJ Mall For RM488 Million

    Pavilion Real Estate Investment Trust (Pavilion REIT) is buying a five storey shopping mall known as da:mén USJ located in Subang Jaya, for RM488 million.
  • 18 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    Possible Upside Surprise For SKP Resources From New Dyson Contract

    SKP Resources secured another five-year contract from its key client Dyson, this time round also for the manufacturing of cordless vacuum cleaners, though presumably of a different variant.
  • 17 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Calculator

    Pentamaster To Invest RM20 Million In New Plant

    Pentamaster Corporation will invest RM20 million in a new manufacturing facility in Batu Kawan next year despite the global economic downturn.
  • 17 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    fututech

    Fututech Top Officials To Inject 2 Companies For RM458 Million

    Fututech’s chairman and two executive directors are injecting their two privately-held companies, Kerjaya Prospek (M) and Permatang Bakti, into the group for RM458 million.
  • 16 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    sapurakencana

    SapuraKencana Q2 Earnings Sink 77%

    SapuraKencana Petroleum reported a 76.7 percent decline in 2Q15 net profit to RM104.1 million, impacted by a RM540 million provision for impairment on its oil and gas properties.
  • 16 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Diversify

    Harvest Court To Diversify Into Property Sector

    Harvest Court Industries, which manufactures timber-related products, plans to diversify into property development while focusing more on timber services.
  • 15 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    BIMB

    BIMB Q2 Earnings Flat On Higher Costs

    BIMB Holdings recorded a relatively flat net profit of RM129.9 million for 2Q15 as higher costs offset income growth.

  • 15 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    sunway construction

    Sunway Construction Group Bags RM1.6 Billion Contract

    Sunway Construction Group’s subsidiary, Sunway Construction, has bagged a RM1.6 billion contract to design and construct government office buildings in Putrajaya.
  • 14 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    NTPM

    NTPM Holdings 1Q16 Earnings Soar 85%

    NTPM Holdings reported an 84.5 percent surge in 1Q16 net profit to RM12.9 million, on the back of an 8.4 percent rise in turnover to RM143.4 million, attributable to an increase in sales of personal care products.
  • 14 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    GUH To Develop Light Industrial Park In Penang

    GUH Holdings’ unit, GUH Realty, has proposed to acquire two pieces of land in Seberang Perai, Penang for RM22.6 million.
  • 10 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    GAB

    Guinness Anchor’s Fundamentals Intact Despite Customs’ Demand

    Guinness Anchor (GAB) fundamentals are expected to remain intact despite the bills of demand from Royal Malaysia Customs for payment of additional excise duties and sales tax totalling RM56.3 million.
  • 09 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Pos

    Pos Malaysia To Focus On Courier Operations

    Pos Malaysia said the courier, express and parcel (CEP) business segment would remain as its main growth driver for the financial year ending 31 March 2016.
  • 09 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Construction Worker at Site

    The Media Shoppe Makes Maiden Foray Into Construction

    Software developer The Media Shoppe has made its first foray into the property development and construction industry.
  • 08 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    handshake

    Dagang NeXchange To Acquire 30% Stake In Ping Petroleum

    Dagang NeXchange’s (DNex) subsidiary, DNeX Petroleum, is acquiring a 30 percent equity of Ping Petroleum via a proposed subscription of shares for US$10 million (RM42 million) cash.
  • 08 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    plastic

    SLP Resources Plans New RM25 Million Facility

    Armed with some RM23 million of cash, SLP Resource, a plastics packaging company, plans to establish a new RM25 million manufacturing facility adjacent to its present plant in Kulim.
  • 07 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    binoculars

    Tanah Makmur Confident Of Better Earnings In FY15

    Tanah Makmur is confident of achieving better earnings in the current financial year ending 31 December 2015 (FY15) despite the harsher operating conditions in both the property and plantation sectors.
  • 07 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    Bina Puri Wins RM95 Million Civil Works Job

    Bina Puri Holdings has clinched a contract close to RM95 million to do civil works in a steam cracker complex within the site of Petronas’ Refinery and Petrochemical Integrated Development (Rapid) project.
  • 04 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    RAPID

    Muhibbah Engineering Consortium Bags RM950 Million Contract

    Muhibbah Engineering (Malaysia) and its consortium partner, India’s Va Tech Wabag, have clinched a RM949.6 million effluent treatment plant (ETP) contract.
  • 04 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Scomi

    Scomi Engineering Eyes More Rail Jobs

    Scomi Engineering is eyeing a bigger slice of the rail industry pie locally and regionally, following the inking of a collaboration agreement (CA) with Skoda Transportation.
  • 03 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    econpile

    Econpile To Benefit From Healthy Demand For Piling Jobs

    As at end-June, Econpile Holdings has a strong outstanding order book of RM512 million, which will help support earnings for the next 15 months.
  • 03 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    CCM

    Chemical Company of M’sia To Close Fertiliser Plant

    Chemical Company of Malaysia is shutting down its fertiliser plant in Shah Alam and retrenching 232 staff due to prolonged negative market conditions.
  • 02 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    expand

    MWE Expanding Textile Operations

    MWE Holdings is investing US$7 million (RM29.3 million) to expand its textile business under its unit, United Sweethearts Garment, which includes setting up a new plant in Vietnam.
  • 02 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Titijaya

    Titijaya Land’s Fundamentals Remain Intact: AmResearch

    AmResearch has maintained its ‘Buy’ call on the stock, though with a lower fair value of RM2.72 based on a wider discount to its revised NAV.
  • 01 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Maybank Feature Image

    Earnings Trimmed For Malayan Banking Due To Lower Loan Growth Forecast

    AllianceDBS Research has cut Malayan Banking’s (MayBank) FY15 to FY17 earnings outlook by 5 percent to 8 percent, after the bank revised downwards its loan growth forecast to 8 percent to 9 percent this year.
  • 01 September 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    7-eleven

    7-Eleven Malaysia 2Q15 Net Profit Slips 53%

    7-Eleven Malaysia Holdings recorded a 52.7 percent decline in 2Q15 net profit to RM10.7 million, despite registering a 2.3 percent gain in revenue to RM482.3 million.
  • 31 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    red arrow

    Wah Seong Q2 Earnings Sink 72%; Disposes Ashburn

    Wah Seong Corporation’s 2Q15 earnings slumped 71.6 percent to RM11.4 million due to lower contribution from its oil and gas division, in tandem with the 29.3 percent fall in turnover to RM461 million.
  • 31 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    KPJ

    KPJ Healthcare 1H15 Earnings Gain 9%

    KPJ Healthcare’s 2Q15 net profit rose 6.7 percent to RM36 million, lifted by a 7.8 percent gain in revenue to RM714.3 million.
  • 28 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb - bumi

    Bumi Armada Slips Into The Red On Impairment Charges

    Bumi Armada posted a net loss of RM291.5 million for 2Q15, in contrast to a net profit of RM98.4 million in 2Q14, attributable to a non-cash impairment charge of RM383.7 million.
  • 28 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    MSM

    MSM To Build RM1 Billion Sugar Refinery

    Sugar refiner MSM Malaysia Holdings has plans to expand its business with deals to build a RM1.1 billion refinery in Tanjung Langsat, Johor, as well as acquire mills and a plantation from a state-owned Indonesian sugar producer. Despite there being our other parties bidding for the Indonesian mill development project, the group said it was [...]
  • 27 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    IHH

    IHH Heathcare Net Profit Up 9% In 2Q15

    Hospital operator IHH Healthcare posted a 9.1 percent gain in earnings to RM228.1 million for 2Q15, underpinned by contributions from three newly opened hospitals.
  • 27 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Hong leong

    Hong Leong Bank FY15 Earnings Up 6%

    For the financial year ended 30 June, Hong Leong Bank recorded a 6.2 percent gain in net profit to RM2.2 billion, boosted by the strong growth in the final quarter.
  • 26 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    CLIQ Energy To Proceed with Kazakh Acquisition

    CLIQ Energy, which has only less than eight months to secure its qualifying assets, will go ahead with the acquisition of oil producing assets in Kazakhstan despite having to fork out more ringgit for the buy.
  • 26 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    felda

    Felda Global’s 2Q15 Net Profit Plunges 70%

    Felda Global Ventures Holdings recorded a 69.7 percent plunge in net profit to RM46.1 million for 2Q15, mainly due to lower earnings from palm-related segments as a result of lower average crude palm oil (CPO) prices.

  • 25 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    IOI Corp

    Weaker Ringgit Weighs On IOI Corporation’s Earnings

    Despite registering a 3.9 percent growth in 4Q15 revenue to RM2.9 billion, IOI Corporation’s net profit for the quarter fell 60.8 percent to RM159.7 million.
  • 25 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Malakoff

    Malakoff Corporation 2Q15 Earnings Fall 27%

    Malakoff Corporation reported a 26.9 percent decline in net profit for 2Q15 to RM86.3 million, in tandem with the 11.6 percent drop in turnover to RM1.3 billion.
  • 24 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    sime-darby-generic

    Sime Darby Mulling Rights Issue?

    Sime Darby is considering a proposal to raise up to RM6 billion through a rights issue as the group seeks to cut down its RM18 billion debts by a third. The fund-raising plan proposed by several banks pitching for the job comes after the diversified plantation company put on hold a plan in May to list its motor unit amid weak stock market condition.
  • 24 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Axiata

    Axiata Group 2Q15 Earnings Leap 34%

    Despite a marginal 0.5 percent contraction in 2Q15 turnover to RM4,707.2 million, net profit gained 34.2 percent to RM610.8 million, due mainly to lower losses from its Indonesia operations.
  • 21 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    arrows-through

    Dialog Group Posts Record RM275 Million Profit For FY15

    Dialog Group recorded a 21.8 percent jump in 4Q15 net profit to RM63.6 million, lifting its full-year (FY15) earnings to a record RM275.1 million, up 27.5 percent year-on-year.
  • 21 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    KLK

    Kuala Lumpur Kepong 3Q15 Earnings Jump 16%

    Kuala Lumpur Kepong (KLK) posted a 15.5 percent jump in 3Q15 net profit to RM246.9 million, on the back of a 21 percent rise in turnover to RM3.5 billion.
  • 20 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    AirAsia X

    AirAsia X Net Loss Widens On Fewer Flights

    AirAsia X extended its net loss to RM132.9 million during the second quarter ended June 30, from a net loss of RM128.8 million a year earlier.
  • 20 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    Bina Puri Bags RM100 Million Island Resort Contract

    Construction services provider Bina Puri Holdings has bagged a contract worth RM100 million from the Terengganu State Public Work director, to construct an island resort in Kenyir Lake, Terengganu.
  • 19 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-443-arrow

    Alliance Finance 1Q16 Earnings Decline 7%

    Alliance Financial Group 1Q16 net profit fell 6.8 percent to RM121.9 million, despite a slight 2.3 percent improvement in net income to RM344.3 million.
  • 19 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    UEM sunrise

    UEM Sunrise 2Q15 Earnings Jump 13%

    Despite a 16.8 percent slide in 2Q15 revenue to RM372.3 million, UEM Sunrise registered a 12.6 percent rise in net profit to RM83.9 million for the quarter.
  • 18 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    pharmaniaga

    Pharmaniaga Posts RM16 Million Profit For Q2

    Pharmaceutical firm Pharmaniaga’s 2Q15 net profit inched up 1.5 percent to RM16.2 million, despite a 2.3 percent decline in revenue to RM512.8 million.
  • 18 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Tropicana

    Tropicana 1H15 Sales Up On New Launches

    In the absence of RM69.9 million gains from disposal of assets recorded in 2Q14, Tropicana Corporation reported a net profit of RM23.2 million for 2Q15, down 74.1 percent year-on-year.
  • 17 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Abort

    Mah Sing Aborts RM360 Million Land Purchase

    Mah Sing Group has cancelled the acquisition of a prime freehold tract in Seremban measuring 1,051.3 acres for RM359.6 million, due to a breach of terms in the sale and purchase agreement by the vendors.
  • 17 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    gas malaysia

    Tariff Revisions Weigh On Gas Malaysia’s Q2 Earnings

    Gas Malaysia (GM) 2Q15 net profit fell 31.1 percent to RM33.7 million mainly due to tariff revisions effective May and November 2014.

  • 14 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    oil and gas

    Uzma To Invest RM472 Million In Offshore Supply Base

    Oil and gas outfit Uzma is planning to invest RM471.5 million over 15 years to develop its offshore supply base in Kemaman, Terengganu, through its wholly-owned unit Uzma Engineering.
  • 14 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    nestle_produkt

    Nestle 2Q15 Earnings Up 5% On Cost Savings

    Despite a 10 percent slide in revenue, Nestle (Malaysia) reported a 4.6 percent rise in 2Q15 net profit to RM123.9 million as costs of sales were almost slashed by a fifth.
  • 13 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb - karex

    Karex To Purchase Medical-Latex For RM13 Million

    Karex is proposing to buy the entire equity interest in another condom maker Medical-Latex for RM13 million.
  • 13 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    MMC To Record RM153 Million Gain From Land Sale

    MMC Corporation is selling three parcels of land totalling 188.7 acres in Senai Airport City, Johor, to I-Park for RM370 million cash.
  • 12 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    sunway REIT

    Sunway REIT FY15 Net Property Income Up 6%

    For the financial year ended 30 June, Sunway Real Estate Investment Trust (REIT) reported a 6 percent increase in gross revenue to RM453.5 million, on the back of a double-digit growth from the retail segment.
  • 12 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Earnings Forecast Re-Rating Unlikely For Maxis

    Albeit retaining its hold call for Maxis, Affin Hwang Capital Research has lowered its 12-month target price of its previous RM7.19 to the current RM6.70. In a meeting held recently with Maxis’ management, it was noted that data pricing was at a crossroad, and whether the industry would return to mid-single- digit growth would hinge [...]
  • 11 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    WCT - mall

    WCT Eyes REIT IPO In 2016

    WCT Holdings plans to launch a real estate investment trust (REIT) next year to unlock the value of its assets and pare down debts.
  • 06 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Scientex

    Scientex Expands Packaging Segment

    Scientex is set to expand its consumer and industrial packaging division, after announcing that its unit, Scientex Packaging Film, has had signed an agreement to acquire plastic packaging player Mondi Ipoh (MI) for RM58 million cash.
  • 06 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Gloves Production

    Stronger US Dollar Lifts Hartalega Q1 Net Profit

    Export-driven glove maker Hartalega Holdings reported a 9.8 percent increase in net profit to RM62.7 million for the first quarter ended 30 June 2015, having benefited from a stronger US dollar.
  • 05 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    F&N Pic

    F&N 3Q15 Earnings Jump 37 Percent

    Fraser & Neave Holdings’ (F&N) net profit for the third quarter ended 30 June 2015 jumped 37.3 percent to RM82.9 million, underpinned by stronger performance in all operating units.
  • 05 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Yong Tai MOU

    Yong Tai Inks MOUs For RM7 Billion GDV Projects

    Yong Tai has entered into five memorandums of understanding (MOU) for the proposed acquisitions of companies and land as well as a proposed joint venture, to partake in five potential projects with estimated GDV of RM7 billion.
  • 04 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    UEM Sunrise Given Hold Call By AmResearch

    AmResearch maintained its Hold call on UEM Sunrise with an unchanged fair value of RM1.29 a share, which is some 45 percent discount to the net asset value. Pre-sales momentum for its local projects will remain muted in the near-term, particularly in Johor. UEMS recently completed its acquisition of a third property in Melbourne, Australia. [...]
  • 04 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Top Glove

    Top Glove Eyes RM2.5 Billion Revenue

    Top Glove Corporation, the world’s biggest rubber glove manufacturer, is eyeing revenue of RM2.5 billion this year, supported by higher sales.
  • 03 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Thumb-Enter at yr own Risk

    NPTM’s Vietnam Foray

    Producer and brand owner of Premier tissue, NTPM Holdings, is negotiating a couple of orders worth about RM20 million per year for its new operations in Ho Chih Minh City, Vietnam.
  • 03 August 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Port

    Westports Q2 Earnings Flat At RM122 Million

    Westports Holdings posted flat earnings at RM122.1 million in 2Q15 ended 30 June 2015 compared to RM122.5 million in 2Q14.

  • 31 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Tenaga May Report 2012 Full-Year Loss on Higher Costs, CEO Says

    Tenaga’s 9 Month Core Earnings Above Expectations

    Tenaga Nasional’s core net profit for 9M15 ended 31 May 2015 is above expectations, coming in at 83 percent of its full-year forecast and 80 percent of consensus.
  • 31 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    Muhibbah Engineering Wins RM158 Million Pengerang Job

    Muhibbah Engineering has accepted a RM158.2 million contract from Toyo Thai Malaysia to build the steam cracker complex in Pengerang.

  • 30 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    20120806-Boustead-1

    Boustead, Olio Resources in O&G Project MOU

    Boustead Holdings has signed an MoU with Olio Resources to bid for two oil and gas upstream projects.
  • 30 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-stock-down

    Cepatwawasan Net Profit Falls 60 Percent

    Cepatwawasan Group’s net profit fell 60.4 percent to RM3.3 million in 2Q15 ended 30 June 2015 from RM8.3 million in 2Q14 dragged by falling crude palm oil (CPO) and palm kernel prices.
  • 30 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Astino To Invest RM100 Million In New Facility

    Astino plans to invest over RM100 million in a new multi-system agro-house production facility in Nibong Tebal by the end of the year.

  • 29 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    JV

    Jiankun in RM147 Million Joint-Venture Project

    Jiankun International has entered a joint-venture (JV) with Fivestar Development (Puchong) (FDPSB) to develop a serviced apartment on freehold land owned by the latter worth RM147.2 million gross development value (GDV).

  • 29 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    Alam Maritim Clinches Petronas Carigali Contract

    Alam Maritim Resources has received a letter of award from Petronas Carigali to provide splash zone structural repair and maintenance.

  • 29 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Office rentals

    MyEG Shareholders Approve RM155 Million Proposed Purchase Of Office

    My E.G Services obtained shareholders’ approval for the proposed acquisition of 22 storeys of stratified parcels forming part of a 45-storey corporate office tower at Empire City @ Damansara.
  • 28 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Dayang Takeover Offer For Perdana Petroleum Becomes Unconditional

    Dayang Enterprise Holdings’ takeover offer for Perdana Petroleum has become unconditional, as it now owns a 51.2 percent stake in the latter.
  • 28 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    red_arrow_down_crash_1600_clr_2751

    Melati Ehsan Q3 Earnings Sharply Lower

    Melati Ehsan Holding’s earnings fell sharply to RM827,000 in 3Q15 ended 31 May 2015, from the RM6.6 million in 3Q14 attributable to higher operating expenses, lower revenue and some provisional cost recognised.

  • 28 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    TMC Posts Higher Q4 Earnings

    Healthcare and hospital provider TMC Life Sciences reported a 48.5 percent rise in earnings for 4Q15 ended 31 May 2015 to RM4 million from RM2.7 million in 4Q14.

  • 27 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    profit

    Coastal Wins RM130 Million Job

    Coastal Contracts has netted contracts worth a total of RM130 million involving the sale of two offshore support vessels (OSVs) and six low-end vessels.
  • 27 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Business Graph

    Pensonic Posts Best Annual Profit In Over Five Years

    Pensonic Holdings recorded its best net profit in more than five years in FY2015 ended 31 May 2015, attributable to the gain from a property disposal.
  • 27 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Acquisition

    Destini To Acquire Everyday Success

    Destini will venture into the paramilitary boat segment through its proposed acquisition of Everyday Success from paramilitary boat maker Destination Marine Services (DMS) for RM90 million.
  • 24 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    profit

    SunCon Posts Net Profit Of RM34.4 Million

    Sunway Construction Group (SunCon) posted a net profit of RM34.4 million for 1Q15 ended 31 March 2015 on the strength of ongoing local construction jobs and the supply of precast concrete products in Singapore.

  • 24 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Yinson

    Yinson Holdings Banks On Orderbook To Sustain Business

    Yinson Holdings, an integrated offshore production and support services provider, is banking on its US$5.9 billion order book to sustain itself over the long term on the back of the slowdown in the global economy.
  • 24 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb- cimb

    CIMB Group Faces Headwinds In Tough Economic Environment

    CIMB Group could face tough and uncertain economic environment as the country’s second-largest financial services group tries to meet some of its key-performance-indicator targets this year.
  • 23 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Earnings And Election Dominate US Market; Asian Markets Display Resilience

    MKH’s Focus Generates Steady Earnings

    MKH’s focus on developing affordable homes will help the company continue to generate steady earnings despite the slowdown in the local property market.
  • 23 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    70% Stake In Indian Company Sold By IJM Corp For RM407.8m

    IJM Corp is disposing of its 70 percent stake in Swarna Tollway, a toll road concessionaire in Andhra Pradesh, India, for RM407.8 million to MAIF Investments India (MAIF).
  • 22 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    CRYSTAL-CRUISES-LOGO 3

    Crystal Cruises Acquired By Genting Hong Kong For RM2b

    Crystal Cruises, a cruise-line and resorts operator, has been acquired by Genting Hong Kong (GH).
  • 22 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    Takeover Offers’ Notice Served By OSK Holdings

    OSK Holdings has served a notice of unconditional mandatory takeover offer to OSK Property Holdings and a conditional voluntary takeover offer to PJ Development Holdings to acquire the shares in both property firms that it does not own.
  • 21 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    First Pacific Withdraws Intention To Acquire Cocoaland Holdings

    First Pacific Company (First Pacific), a Hong-Kong listed company controlled by Indonesian tycoon Anthony Salim of the Salim Group, has withdrawn its intention to buy the business of the snack and candy manufacturer; Cocoaland Holdings (Cocoaland).
  • 21 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Airasia now

    Suitors Attracted To AirAsiaX

    AirAsiaX has attracted the attention of at least two foreign airlines looking at taking up a stake in the medium haul low-cost airline.
  • 20 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    RM300m Worth Of Jobs Aimed By Engtex

    Engtex Group, distributor of pipes, valves, fittings and plumbing material, is bidding for projects worth some RM300 million.
  • 20 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Water Deal Can Generate Up To RM80 Million Revenue For Uzma

    Uzma’s D18 water injection facility (WIF) contract, which it recently won from Petronas Carigali, is expected to generate an annual revenue of up to RM80 million.
  • 16 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Business Graph

    Zhulian Profit 34 Percent Higher In Q2

    Zhulian Corp’s net profit jumped 34.2 percent to RM11.1 million in 2Q15 ended 31 May 2015 from RM8.3 million in 2Q14 on the back of higher revenue from the Myanmar market and strengthening of the US dollar.
  • 16 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-stocks-bidding

    Mercury Bids For Jobs Worth RM562 Million Through New Subsidiary

    Mercury Industries is bidding for RM562 million worth of jobs through its new 70 percent-owned construction arm Paramount Bounty (PBSB).
  • 16 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    Ewein Unit Clinches Wellness Resort Project

    Ewein Zenith, a unit of Ewein, has been awarded the champion of Entry Point Project 10 under the Economic Transformation Programme by the Ministry of Domestic Trade, Co-Operatives and Consumerism.
  • 15 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Bursa Malaysia’s 2Q15 Net Profit Closes In To RM50m

    Bursa Malaysia (Bursa) reported net profit growth of 5.6 percent for 2Q15, to RM49.48 million. This was compared to that of RM46.85 million.
  • 15 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Hua Yang’s Net Profit Up 25 Percent

    Hua Yang posted a nearly 25 percent jump in net profit to RM29.9 million for 1Q16 ended 30 June 2015 compared to 1Q15 due to steady conribution from ongoing projects.
  • 14 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    SapKen Wins RM1 Billion Job

    Sapura Kencana Petroleum (SapKen) has been awarded with a lump sum contract worth US$273 million (RM1 billion) by Oil and Natural Gas Corp for the Mumbai High South Redevelopment Phase III Project on a turnkey basis.

  • 14 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    Muhibbah Wins RM143 Million Port Jobs From Northport

    Construction firm Muhibbah Engineering has secured contracts totalling RM143.1 million from Northport (M) for the upgrading of a wharf.

  • 14 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Profit Loss

    Jimah Power Net Loss At Nearly RM120 Million

    Tenaga Nasional’s (TNB) 70 percent owned Jimah East Power (JEP) recorded a net loss of RM119.8 million in FY2015 ended 31 March 2015 but expects JEP to achieve positive earnings after June 2019.

  • 13 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Uzma Bags RM350 Million Contract From Petronas Carigali

    Uzma has bagged a contract from Petronas Carigali worth between RM350 million and RM400 million to provide services including leasing, operation and maintenance of a water injection facility.
  • 13 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    Ewein Gets Nod For RM800 Million Project

    Ewein’s subsidiary Ewin Zenith has secured a contract for the development of “City of Dreams” project with a gross development value (GDV) of RM800 million after obtaining the advertising permit and developer license.

  • 13 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    Spring Gallery Secures RM75 Million Apartment Job

    Spring Gallery, formerly known as PFCE, has received a RM75 million job for an apartment project in Kemaman, Terengganu.

  • 10 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    GuocoLand’s Options Open On Monetising Damansara City Mall

    GuocoLand (Malaysia) is keeping its options open on how to monetise its Damansara City Mall (DC Mall) in Damansara Heights.

  • 10 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Indonesia's Riady Family Makes US$10.6 Billion Offer For Fraser & Neave (2)

    UEM Sunrise Inks Deal For Hyatt House Hotel In Mont Kiara

    UEM Sunrise’s wholly-owned subsidiary, Arcoris, has inked a management agreement with an affiliate of Hyatt Hotels and Resorts for a Hyatt House hotel in Mont Kiara.

  • 10 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    2846money_sack

    WCT Unit Wins RM1.2 Billion Award In Dubai

    A tribunal in Dubai has awarded a wholly-owned subsidiary of WCT Holdings RM1.2 billion in claims over a contract dispute against Meydan Group LLC.

  • 09 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Joint Venture

    MRCB And DRB-Hicom Get RM310 Million Construction Job

    Malaysian Resources Corp (MRCB) has partnered DRB-Hicom to undertake an RM310 million construction job at new integrated immigration, customs, quarantine and security (ICQS) complex at Bukit Kayu Hitam, Kedah.

  • 09 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Business Graph

    LPI Q2 Net Profit Swells

    LPI Capital posted a 67.5 percent jump in its net profit for 2Q15 ended 30 June 2015, driven by a gain on disposal of RM39.2 million from the sale of some of its equity investments.
  • 09 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    First ship

    Bumi Armada Unit Clinches US$775 Million Financing Facility

    Bumi Armada’s unit Armada Kraken has secured a syndicated term loan facility and a standby letter of credit facility, of a maximum aggregate principal amount of US$775 million (RM2.9 billion).

  • 08 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Acquisition

    Aeon Interested In Buying Tesco’s Malaysia Unit

    Aeon is interested in buying the Malaysian operations of TESCO PLC, valued at about £900 million (RM5.3 billion). Japan’s largest retailer has been venturing into South-East Asia where purchasing power is rising in fast-growing economies.

  • 08 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Construction site

    Bina Darulaman’s Langkawi Projects To Have GDV Of RM1.5 Billion

    Bina Darulaman’s four projects on Langkawi over the next five to seven years will have an estimated gross development value (GDV) of RM1.5 billion.
  • 08 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    FGV

    FGV Says It Has Stopped Its Acquisition Spree

    Felda Global Ventures Holdings (FGV), whose acquisitions have been criticised as being pricey, will not be pursuing more acquisitions.
  • 07 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    merger

    Shareholders Approve RM1.7 Billion OSK Merger

    Shareholders of OSK Holdings have given the green light for the merger with OSK Property Holdings and PJ Development, valued at RM1.7 billion.
  • 07 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    JAKS

    JAKS To Build RM7 Billion Power Plant In Vietnam With China Partner

    JAKS Resources will partner China Power Engineering Consulting Group (CPECC) in a 50:50 joint venture (JV) to build a power plant in Hai Duong province in Vietnam for US$1.9 billion (RM7.1 billion).

  • 07 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    Ho Hup Wins Legal Battle Over Bukit Jalil Land

    The Federal Court had dismissed Zen Courts’ application of leave and ordered Zen Courts to pay Ho Hup and its subsidiary Ho Hup Equipment Rental costs of RM20,000.
  • 06 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Tenaga Nasional Buys Jimah Stake

    Tenaga Nasional (TNB) is buying 1Malaysia Development’s (1MDB) 70 percent stake in Jimah East Power (JEP) for RM47 million.

  • 06 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Indonesia's Riady Family Makes US$10.6 Billion Offer For Fraser & Neave (2)

    Hong Leong Bank Inks RM189 Million Property Deal To Consolidate Ops

    Hong Leong Bank is buying a related property company DC Tower for RM189.3 million, which is undertaking an office property development, to house most of its operations which are across the Klang Valley.

  • 06 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-handshake

    Dayang Launches Offer For Perdana Petroleum

    Dayang Enterprise Holdings has launched a conditional mandatory takeover offer for all the shares it does not already own in Perdana Petroleum for RM66.6 million cash.
  • 03 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Growth

    Takaful Sees 15 Percent Overall Growth

    Syarikat Takaful Malaysia expects its overall company growth to hit 15 percent this year.
  • 03 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Earnings And Election Dominate US Market; Asian Markets Display Resilience

    Bumi Armada Expects Double Earnings In Two Years

    Bumi Armada is expected to double its earnings in the next two years with the commencement some of its floating production, storage and offloading vessels (FPSOs) that are currently under conversion.

  • 02 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    keppel land insert

    UEM Sunrise Unveils RM7 Billion GDV Residential Project

    UEM Sunrise unveiled the “Estuari” series of residential properties, surrounding PUteri Harbour area, with a gross development value (GDV) of RM7 billion.

  • 02 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Profit Loss

    Eden To Incur Loss On Sale Of Kuantan Land

    Eden’s proposed disposal of a 80.2 acre plot of vacant land in Kuantan will incur a net loss of RM454,000 for the company due to incidental costs to be incurred in connection with the proposed disposal.

  • 02 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    George Kent Targets To Boost Order Book To RM3 Billion

    George Kent aims to grow its order book to RM2 billion to RM3 billion this year. Currently having an order book of RM1.5 billion…
  • 01 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Handshake-World

    BCorp Sells Landfill Project In China For RM77 Million

    Berjaya Corp (BCorp) has inked an agreement to dispose its 100 percent stake in a sanitary landfill management project in Guangdong, China for 126.8 million yuan (RM77 million).

  • 01 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Up

    Daya Materials Expects To Return To The Black In FY2015

    Daya Materials is confident of a turnaround for FY2015 against the RM35.7 million in net losses recorded last year.
  • 01 July 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Scientex Acquired Land In Johor For RM219 Million

    Scientex’s wholly-owned subsidiary Scientex Quatari has acquired 130.4 hectare of freehold land in Pulai, Johor Baru, for RM219 million from two vendors.
  • 30 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Indonesia's Riady Family Makes US$10.6 Billion Offer For Fraser & Neave (2)

    Yinson Gets RM228 Million Offer For Non-O&G Assets From Major Shareholders

    Yinson Holdings has received a RM228 million offer for its non-oil and gas assets from Liannex Labuan, which is controlled by Yinson’s major shareholders.
  • 30 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract Wins

    Eversendai Bags RM250 Million Exhibition Centre Job In India

    Eversendai Corporation’s subsidiaries have secured new contracts worth RM250 million and pushed the total number of jobs this year beyond RM1 billion in the first half of this year.
  • 30 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Decline

    Berjaya Land Swings To Net Loss

    Berjaya Land (BLand) fell into the red, with RM418.5 million net loss for 4Q14 ended 30 April 2015 from a net profit of RM5.8 million in 4Q13. The losses are attributable to non-cash impairment of goodwill relating to the gaming cash-generating units (CGUs) amounting to RM380.7 million resulting from the excess of these CGUs’ carrying [...]
  • 29 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    JV

    Ho Hup In JV For Kota Kinabalu Project

    Ho Hup Construction 75 percent-owned Ho Hup KK (HHVKK) will undertake a mixed-development project in Kota Kinabalu with a gross development value (GDV) of RM774 million.
  • 29 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Handshake-World

    Knusford And Greenland Construction Set Up JV

    Knusford and Greenland Construction have joined hands to bid and participate in several major real estate development projects in Iskandar Malaysia and the region.
  • 29 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-msia-buildings

    Sunway Eyes RM1.5 Billion In New Construction Projects

    Sunway is aiming to add at least RM1.5 billion in new construction projects by the end of the year, as the company drums up support ahead of Sunway Construction’s prospectus launch on 29 June 2015.
  • 26 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Source: Telegraph

    Thong Guan Invests RM65 Million To Expand Production Capacity

    Thong Guan Industries will spend about RM65 million in 2015 and 2016 to add new production lines for its plant in Sungai Petani to increase capacity and introduce a new range of packaging products.
  • 26 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-capitaland

    Meda Buys Land For RM180 Million

    Property developer Meda is buying two parcels of freehold land in Kuala Lumpur from BCM Holdings for RM180 million.
  • 26 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Gloves Production

    Valuations Of World’s Top Medical Glove Makers Surge

    The four biggest medical glove makers in Malaysia, and also in the world have soared to historic highs. Top Glove, Supermax, Kossan Rubber Industries, and Hartalega’s median forward 12 month price earnings ratio has risen to 18, highest ever seen according to Thomson Reuters’ data. Combined revenue of these players is also expected to grow [...]
  • 25 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-air-asia

    AirAsia’s CEO Fernandes Focuses On Budget Airline

    Tony Fernandes, AirAsia’s chief executive officer told staff and analysts he will be spending more time working on the budget airline in response to a report questioning the company’s accounts.
  • 25 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Maxis Aims To Capture 1.4 Million Waze Users

    Maxis’s newly-launched Safe Mode Kids, a navigation application on Waze using voices of Malaysian children, has aims to capture over 1.4 million Wave users nationwide.
  • 25 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Gamuda Q3 Net Profit Down 9.8 Percent To RM160 Million

    Gamuda recorded a 9.8 percent drop in net profit to RM160.4 million for 3Q15 ended 30 April 2015, attributable to the completion of the Electrified Double Tracking Railway Project in November 2014.

  • 24 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    upside

    VS Industry Q3 Profit Up Almost 7 Fold

    VS Industry has recorded almost seven-fold jump in its net profit to RM26.5 million for 3Q15 ended 30 April 2015, from RM3.8 million in 3Q14, driven by higher sales in its Malaysian operations, despite net losses in Indonesia and China. Revenue rose 12 percent to RM420 million from RM376 million last year.
  • 24 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Source: Company Reports

    Genetec Tech Secures RM27.3 Million Orders

    Genetec Technology has secured new orders from its clients worth RM27.3 million.

  • 24 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    red_arrow_down_crash_1600_clr_2751

    Berjaya Media Posts Net Loss Of Nearly RM28 Million

    Berjaya Media Group posted a net loss of RM27.9 million in 4Q14 ended 30 April 2015, compared to a net profit of RM128,000 in 4Q13, attributable to impairment of publishing rights amounting to RM25 million and impairment of certain investments coupled with lower revenue.
  • 23 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Up

    Kimlun Sees Promising FY2015 On Solid Orderbook

    Engineering and construction services firm Kimlun Corporation expects a promising financial year ending 31 December 2015, amid a solid order book of RM1.4 billion and the prospect of new tenders worth up to RM1 billion.
  • 23 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Management costs still figure when investing in ETFs! Costs are deducted directly from returns, hence the returns you get can be vastly different.

    Masteel Releases Audited Financial Statements For 2014

    Malaysia Steel Works (Masteel) has released its audited financial statements for FY2014 ended 31 December 2014.
  • 23 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Stock market graph

    First Series Of RM840m Sukuk Issued By Maxis

    Maxis has issued its first series of Sukuk Murabahah of RM840 million in nominal value pursuant to its unrated Sukuk Murabahah programme. The company is planning to raise as much as RM5 billion from a 30-year sukuk for its capital expenditure and debt refinancing. The issue price of the Islamic bond will also be fixed [...]
  • 22 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    US-Joiner-Announces-Acquisition-of-Infinity-Offshore-Marine

    Tanjung Offshore Focuses On Main Business

    In the spotlight earlier this year for its boardroom fight, Tanjung Offshore will now focus on strengthening its oil and gas business. The company is currently strengthening its internal controls as recommended by audit firm Ferrier Hodgson MH. It was expressed by the group’s chief executive that the company was in good stead to ride [...]
  • 22 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Growth

    Kim Hin Industry Aims Double-Digit Growth In Group Sales

    Kim Hin Industry is aiming double-digit growth in group sales to RM350 million this year after taking over the manufacturing of an established Australian brand, Johnson Tiles (acquired by the company last year). Johnson Tiles’ products are marked as premium, and commands a 10 percent higher selling price compared to products marketed under Kim Hin [...]
  • 22 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Up

    Tambun Indah Buys RM39.4 Million Land

    Tambun Indah Land has expanded its landbank further by buying a 19.1 acre land in Kota Permai, Bukit Mertajam for RM39.4 million.

  • 19 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Growth

    Pesona Metro Upbeat About 2015 Earnings

    Pesona Metro Holdings is on track to exceed its FY14 performance with a RM800 million order book and tenders worth more than RM1 billion at present.
  • 19 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    red_arrow_down_crash_1600_clr_2751

    Press Metal Loses RM150 Million Revenue

    Press Metal’s smelting plant had a three-week production halt last month due to a fire and it may have cost the company up to RM160 million in lost revenue.

  • 19 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    thumb-stock-down

    CSC Steel’s Revenue Fell 8 Percent In 2014

    CSC Steel Holdings’ revenue for FY2014 dropped 8 percent to RM1 billion compared to RM1.1 billion recorded previously.

  • 18 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Up

    SCGM Earnings Double In Q4

    SCGM doubled its net profit to RM5.1 million for 4Q14 ended 30 April 2015, driven by higher overseas sales. Revenue also increased 8.8 percent to RM25.9 million.

  • 18 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    RM49 Million Contract Win For Econpile

    Econpile Holdings won a RM49.9 million contract from Ahmad Zaki Resources to build substructure and basement works for a proposed hotel and office development along Jalan Sultan Ismail in Kuala Lumpur.

  • 18 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Astro

    Astro 1Q16 Earnings Up 31%

    For the first quarter ended 30 April 2015, Astro Malaysia Holdings recorded a 31.1 percent rise in net profit to RM168.2 million, while turnover gained 6.1 percent to RM1.3 billion, subscription revenue and average revenue per user (ARPU).
  • 17 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Up

    IRCB Posts Significant Jump In Profit

    Integrated Rubber Corp (IRCB) reported a net profit of RM4.1 million in its first quarter ended 30 April 2015, which is an almost 14-fold improvement from the RM286,000 achieved in 2014. Revenue increased 44.8 percent to RM52.6 million.

  • 17 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Business Graph

    Boustead Plantations To Gain RM122m From Land Sales

    Boustead Plantations is expected to realise an estimated gain of RM122 million from the proposed disposal of 247 hectares of combined parcels of land located in Kulaijaya, Johor.
  • 17 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Contract

    MHB Inks Contracts Worth RM324m

    Malaysia Marine and Heavy Engineering Holdings’ (MHB) unit, Malaysia Marine and Heavy Engineering (MMHE), has secured RM324 million.
  • 16 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    muda

    Muda To Invest RM90m In Glazed Paper Production

    Muda Holdings, a pioneer in producing paper and the paper packaging industry, is embarking on an RM90 million investment plan to produce machine glazed paper widely used for the food packaging sector.
  • 16 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    red_arrow_down_crash_1600_clr_2751

    SapuraKencana 1Q16 Earnings Down 49%

    For the first quarter ended 30 April 2015, SapuraKencana Petroleum reported a 48.8 percent decline in net profit to RM260.7 million, dragged down by lower earnings from the energy division as oil prices plunged.
  • 16 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    TA Global Withdraws From Canadian Project

    TA Global has terminated its joint venture (JV) with Townline Gardens by disposing of its 65 percent stake in Canada’s The Gardens project to the latter for CAD23.5 million (RM69.5 million).
  • 15 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    FGV

    FGV’s Indonesian Deal Seen As Pricey

    Felda Global Ventures Holdings (FGV) has signed a heads of agreement with Rajawali Group to acquire a 37 percent stake in PT Eagle High Plantations (EHP) – the third largest plantation group listed in Jakarta – and its sugar assets for US$764 million in cash and stocks.
  • 15 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Vessel

    Alam Maritim Aims To Up Vessel Utilisation

    Alam Maritim Resources is bidding for up to RM3 billion worth of oil and gas support service contracts to sustain the company’s financials, according to group chief executive officer Datuk Azmi Ahmad.
  • 15 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    upside

    More Upside Expected From Kimlun

    AllianceDBS Research is upbeat about laggard construction proxy Kimlun Corporation whose share price has been flat year-to-date, in spite of its improving earnings delivery and better industry dynamics where it is a strong proxy to MRT Line 2.
  • 12 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    BA

    Berjaya Auto FY15 Earnings Jump 65% On Higher Sales

    For the fourth quarter ended 30 April 2015, Mazda distributor Berjaya Auto a posted a 7.4 percent rise in turnover to RM424.3 million, while net profit was up 14.9 percent to RM55.3 million, underpinned by better sales volume.
  • 12 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    JV

    Sunway In RM210m JV With Daiwa

    Sunway has entered into 30:70 joint venture (JV) with Japan’s top pre-fabricated homebuilder, Daiwa House Industry Co to develop the first 100 high quality pre-fabricated landed homes in Sunway Iskandar, Johor.
  • 12 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    telco

    AllianceDBS Cautious On Mobile Operators; Fixed-Lined Players Preferred

    AllianceDBS Research remains cautious on mobile operators as a further decline in data pricing could pose a risk to earnings as well as capital expenditure, noting that Celcom Axiata’s recent move to cut data pricing could disrupt the mobile market.
  • 11 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    tune

    Sell-Down By Shareholder Positive For Tune Ins?

    CIMB Research notes Tune Group, the largest shareholder of Tune Ins Holdings with 16.6 percent stake, plans to sell-down its stake Tune Ins may not be as negative as it appears to be.
  • 11 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Up

    Poh Kong 3Q15 Earnings Jump 92%

    For the third quarter ended 30 April 2015, Poh Kong Holdings recorded a 14.9 percent rise in turnover to RM210.3 million, due mainly to a surge in demand for gold investment products and jewelry products.
  • 11 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    Malaysian airlines

    Limited Impact On MAHB From MAS Restructuring

    Hong Leong Investment Bank (HLIB) is optimistic Malaysia Airports Holdings Bhd (MAHB) would not be largely impacted by the recent restructuring of Malaysia Airline System (MAS) which involved capacity cuts and termination of routes.
  • 10 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    ideal

    IUUB To Get Asset Injection From Parent

    Ideal United Bintang (IUBB), a heavy machinery and equipment trading company, said its parent company Ideal Property Group will inject a RM1 billion property project into the company by the end of this year.
  • 10 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    tj

    Tanjung Offshore Bags RM250m Petronas Contract

    Amid a subdued oil and gas sector, Tanjung Offshore’s wholly-owned subsidiary, Tanjung Offshore Services, has secured a RM250 million construction work request (CWR) contract from Petronas Carigali.
  • 10 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    genting-berhad

    Valuations Compelling, Moderate Positives Expected For Genting

    Genting’s stock closed at RM8.25 on 5 June 2015, representing a 19 percent fall from its one-year high of RM10.22, while its warrants issued in 13 December 2014 (with an exercise price of RM7.96) closed at RM1.43, below its issue price of RM1.50.
  • 09 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    felda

    FGV And Golden Land In RM655m Deal

    Felda Global Ventures Holdings (FGV) is buying four plantation-based firms and a parcel of oil palm land in Sabah measuring 836.1 hectares from Golden Land for RM655 million in cash.
  • 09 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    oil111614

    ‘Neutral’ On O&G Sector: BIMB Research

    BIMB Securities Research is maintaining its ‘Neutral’ stance on the Malaysian oil and gas (O&G) services related companies, as lower margins and slower-than-expected contract execution persist.
  • 09 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    bigstock-Edible-Bird-s-Nest-52226203

    Edible Bird Nest Products Maker Plans US$30m IPO

    One of Malaysia’s largest makers of products developed from edible bird nests, swiftlet Eco Park Holdings, is planning to list on the Nasdaq stock market.
  • 08 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    scomi

    New Technology To Help Maintain Scomi’s Margins

    Despite subdued oil prices, Scomi Energy is confident of maintaining its gross profit margins in the double-digit figure range, aided by its new product that would be rolled out under the drilling fluids segment.
  • 08 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top
    solar-cell-record

    Expansion Of Tek Seng’s Solar Cell Production Capacity

    Tek Seng Holdings is expanding its production capacity to 150 MW from 40 MW, as it targets the business to contribute half of its annual sales for 2015.
  • 08 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (AirAsia X, Dayang, Sunway) – 05/06/15

    AirAsia X (AAX) is optimistic about returning to the black in 2H15, following cost-reduction measures as well as turnaround plans at Malaysia Airlines (MAS).

  • 05 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Melati Ehsan, Paramount, Wah Seong) – 04/06/15

    Melati Ehsan Holdings stated that a 49 percent-controlled unit has secured a RM653 million concession to undertake the development of Unversiti Malaysia Sabah (UMS) Teaching Hospital…
  • 04 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Cocoaland Hldgs, Kulim, New Hoong Fatt) – 03/06/15

    Cocoaland Holdings has received an indicative non-binding proposal from First Pacific Company to acquire the business of Cocoaland including all of its assets and liabilities…
  • 03 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY ( Berjaya Assets, Hua Yang, WZ Satu) – 02/06/15

    Berjaya Assets recovered to a net profit of RM19 million for 3Q15 from a loss of RM12.3 million in 3Q14, driven by higher rental income.

  • 02 June 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (AirAsia, Eco World, IHH Healthcare) – 29/05/15

    AirAisa’s revenue remained unchanged at RM1.3 billion for 1Q15 ended 31 March 2015 but net profit gained 6.8 percent to RM149.3 million, boosted by growth in passenger volume.

  • 29 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Icon Offshore, KLK, Protasco) – 28/05/15

    Icon Offshore registered a 86 percent drop in net profit to RM2.7 million for 1Q15. Revenue for 1Q15 ended 31 March 2015 also fell 20.5 percent from 1Q14 to RM63.6 million.

  • 28 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Bina Puri, QL Resources, UMW Hldgs) – 27/05/15

    Bina Puri Holdings is undertaking a joint venture to develop a residential project in Lakehill Resort City near Masai in Johor.
  • 27 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Syarikat Takaful, Tiong Nam, Uzma) – 26/05/15

    Syarikat Takaful Malaysia (STMB) net profit for 1Q15 ended 31 March 2015, jumped 31.8 percent to RM46.2 million due to the growth from Fire and Motor class of business.
  • 26 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Heveaboard, KPJ Healthcare, Tan Chong) – 25/05/15

    Heveaboard earnings surged 93 percent to RM14 million in 1Q15 ended 31 March 2015, boosted by improved performance in the particleboard sector.

  • 25 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Axiata, Sime Darby, UEM Sunrise) – 22/05/15

    Hong Leong Investment Bank (HLIB) believes that Axiata is embarking on the right approaches, absorbing the short-term pain for long-term sustainability, noting that majority of its hurdles are behind now and gradual improvements are expected for the telco.
  • 22 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Magna Prima, RSDHC, TSH Resources) – 21/05/15

    Magna Prima is looking to sell three pieces of its prime land by year-ned, which will net the company approximately RM500 million cash. Magna Prima will buy smaller plots…
  • 21 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Pestech Int’l, Star Publications, WCT) – 20/05/2015

    Pestech International bagged a US$60.6 million (RM217.6 million) contract to design, build and testing and commissioning the 230kV transmission system project between Kampong Cham…
  • 20 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Perduren, Pharmaniaga, Teo Seng) – 19/05/14

    Hua Yang plans to undertake a high-rise mixed development project next to Taman Sri Murni in Batu Caves, Selangor with a gross development value of RM800 million.
  • 19 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Bumi Armarda, Malakoff, I-Bhd) – 18/05/15

    Testament to the long-term nature of its contracts, Bumi Armarda has insisted that the company has good earnings visibility despite profits being halved in FY14.
  • 18 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Perdana, IOI Corp, Malakoff) – 15/05/15

    CIMB Equities Research has advised Perdana Petroleum shareholders to keep their shares and hold out for a higher offer price when the mandatory general offer of RM1.55 per share by Dayang Enterprise is launched.
  • 15 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (BHIC, Guinness Anchor, Mulpha Land) – 14/05/15

    Boustead Heavy Industries Corp (BHIC) net profit jumped nine fold to RM8.4 million in 1Q15 ended 31 March 2015, driven by higher percentage of completion for the Belum…
  • 14 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Boustead Hldgs, Dialog, Matrix Concepts) – 13/05/15

    Boustead Holdings and Ikano will open their second shopping mall together at Jalan Cochrane, Cheras. MyTOWN Shopping Centre will have a Parkson department…
  • 13 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (SapKen, Sunway, Tropicana) – 12/05/15

    SapuraKencana Petroleum (SapKen) has secured contracts with a combined value of US$269 million (RM969 million) in India, Indonesia, Mexico and Vietnam. SapKen had bid for a portion for the Oil…
  • 12 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Eco World Devt Group, MyEG, Perwaja Hldgs) – 11/05/15

    Eco World Development Group has raised RM638.4 million from the placement of 394 million new shares. The placement attracted strong demand from domestic and foreign investors…

  • 11 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Brahim’s Hldgs, Gas M’sia, MBSB) – 08/05/15

    Brahim’s Holdings has confirmed that its 70%-owned subsidiary, Brahim’s Airline Catering (BAC), is still in discussions with Malaysian Airline System to mutually extend the cut-off date for talks on the former’s new catering agreement, which expired 30 April.
  • 08 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (FGV, Press Metal, SapKen) – 07/05/15

    Felda Global Ventures Holdings (FGV) will complete the disposal of its non-core businesses by the third quarter of 2015. The disposal includes Felda Travel, Felda Property and Felda Prodata Systems and will be carried out through open tender process.
  • 07 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Fraser and Neave, Hartalega, Tune Ins) – 06/05/15

    Fraser and Neave (FNH) earnings increased 3.5 percent to RM70.5 million in the second quarter ended 31 March 2015. Despite effective Chinese New Year trade and promotion…
  • 06 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Cahya Mata, Halex Hldgs, JCorp) – 05/05/15

    Cahya Mata Sarawak (CMS) will raise cement production capacity by almost 60 percent to 2.75 million tonnes per annum when its third grinding plant, currently being built, is commissioned…
  • 05 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Petronas, Tenaga Nasional, Westports Hldgs) – 04/05/15

    Petronas completed its transaction for the acquisition of oil & gas (O&G) related assets in Azerbaijian on 30 April, following a sales and purchase agreement it signed with Norway-based Statoil in October 2014.
  • 04 May 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Bintulu Port Hldgs, Malakoff Corp, M’sian Pacific Industries) – 30/04/15

    Bintulu Port Holdings plans to invest RM550 million in six major port development projects to reduce its dependency on liquefied natural gas cargo.
  • 30 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Gas M’sia, JCorp, KKB) – 29/04/15

    Gas Malaysia has partnered with Sime Darby Offshore Engineering to undertake a biogas compressed natural gas distribution business extracted from the palm oil mill effluent.
  • 29 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Bursa Malaysia, Maxis, Tenaga Nasional) – 28/04/15

    Bursa Malaysia has launched a new listing information network system, Bursa Link and an online listing enquiry service AskListing@Bursa, for the marketplace.
  • 28 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Matrix Concepts, Pavilion REIT, QL Resources) – 27/04/15

    Matrix Concepts Holdings expects the recurring income from its d’Tempat Country Club and the Matrix Global Schools to contribute up to 10 percent of its bottom line in…
  • 27 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Century Logistics, Mah Sing, NCB Hldgs) – 24/04/15

    Century Logistics Holdings, an integrated logistics services provider, expects to continue its strong double digit growth in 2015 driven by its existing core businesses and mergers and acquisitions (M&As) activity.
  • 24 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Coastal Contracts, Econpile, IWCity) – 23/04/15

    Coastal Contracts clinched a contract worth RM807 million for the sale of a jack-up drilling rig, boosting its orderbook to RM3.3 billion.
  • 23 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Cypark Resources, Eco World, Signature Int’l) – 22/04/15

    Cypark Resources expects its waste-to-energy (WTE) project in Ladang Tanah Merah Negri Sembilan, to generate RM2 billion in revenue over the 25-year concession period.
  • 22 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Ecofirst, Nestle, Public Bank) – 21/04/15

    Ecofirst Consolidated has signed an option agreement with IGB Corp to buy a 35 acre freehold parcel in Gombak, Selangor for RM62.8 million.
  • 21 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (MMHE, OSK Ppty Hldgs, Tiong Nam Logistics) – 20/04/15

    Malaysia Marine and Heavy Engineering Holdings (MMHE) is facing challenging times, considering its depleting order book and a need to increase the utilisation of its massive fabrication yard in Johor.

  • 20 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Hektar REIT, KESM Industries, RHB Capital) – 17/04/15

    Retail-focused Hektar Real Estate Investment Trust (REIT) is focusing on organic growth, as it plans to acquire more individual lots in its strata-titled malls this year. The engine for growth in 2015 will be a combination of organic growth and acquisitions.
  • 17 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (MBSB, SP Setia, Tropicana Corp) – 16/04/15

    The priority for Malaysia Building Society (MBSB) in the near term is to close its gap in becoming a full-fledged Islamic bank within five years. The move from being a…
  • 16 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Boustead Hldgs, Bumi Armada, UMW O&G) – 15/04/15

    Boustead Holdings is injecting RM199 million for a 50 percent stake in Irat Properties, which in turn is taking control of two companies involved in the automated enforcement system (AES).
  • 15 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (AmFIRST REIT, Bintai Kinden, Petronas Chemicals) – 14/04/15

    AmFIRST REIT is expected to make its first investment in the north through the acquisition of a retail asset in Seberang Prai, Penang, owned by established multi-format retailer Mydin Mohamed Holdings…
  • 14 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (KNM Group, Pestech Int’l, Sunway) – 13/04/15

    KNM Group announced contracts worth RM204 million in total for financial year 2015 (FY2015, including Refinery and Petrochemical Integrated Development (Rapid) subcontractor contract…
  • 13 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Bina Darulaman, Maybank, Sunway) – 10/04/15

    Kedah-based property developer, Bina Darulaman, has expressed interest in participating in the construction of the RM1.6 billion Kulim International Airport (KIA). The group noted that any project in Kedah is within its purview, including KIA.
  • 10 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Gadang Hldgs, Sarawak Cable, UEM Sunrise) – 09/04/15

    Property and construction player Gadang Holdings proposed to acquire a 62.8 acre parcel of freehold land in Semenyih, Ulu Langat from Semantar Properties for RM95.8 million in cash.
  • 09 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (GuocoLand (M), Kanger Int’l, LPI Capital) – 08/04/15

    GuocoLand’s net profits for the third quarter ending 31 March 2015 dropped 26 percent to RM11.6 million from RM15.7 million last year.
  • 08 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Boustead Hldgs, Magna Prima, Mulpha Land) – 07/04/15

    Boustead Holdings registered a net profit of RM533.3 million on the back of RM10.6 billion revenue for its financial year ending 31 December 2014, attributable to profits from property…

  • 07 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Bintulu Port Hldgs, Hartalega, Perwaja) – 06/04/15

    Bintulu Port Holdings (BPH) has obtained approval in-principle from the Federal Government to extend the concession period for the operation of the Bintulu Port to 2052.
  • 06 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Astro, Brahim’s Hldgs, SHL) – 02/04/15

    Astro Malaysia Holdings ended FY15 with revenue of RM5.2 billion, a 9 percent increase from RM4.8 billion in FY14. Net profit was RM519.4 million, a 16 percent increase from RM448 million.

  • 02 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Cypark, Pharmaniaga, TA Enterprise) – 01/04/15

    Cypark Resources posted a net profit RM8.5 million in 1Q 2015 ended 31 January 2015, 10.4 percent higher than 1Q14, attributable to higher revenue generated from landscaping and infrastructure projects.

  • 01 April 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Boustead, Seacera Group, Tenaga Nasional) – 31/03/15

    Boustead Heavy Industries Corp (BHIC) has received an extension of its in-service support (ISS) contract from the federal government for two units of Prime Minister’s class submarines…
  • 31 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Amcorp, Datasonic, TRC Synergy) – 30/03/2015

    Amcorp Properties is teaming up with Temasek, Hotel Properties (HPL) and UK developer, Native Land (NL), acquiring two London properties (Sampson House and Ludgate House).
  • 30 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Bina Puri, Gamuda, Texchem Resources) – 27/03/15

    Construction services provider Bina Puri Holdings has secured an RM291.2 million project from the Energy, Green Technology and Water Ministry.
  • 27 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (AirAsia X, DGB Asia, Eco World) – 26/03/15

    Maybank Investment Bank Research predicts a better second half year of 2015 for AirAsia X (AAX), mentioning that business recapitalisation was crticial for survival while its rights issue was progressing on schedule.
  • 26 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Fajarbaru Builder Grp, Berjaya Land, SapuraKencana Petroleum) – 25/03/15

    Fajarbaru Builder Clinches RM109 Million LRT Contract Fajarbaru Builder, unit of Fajarbaru Builder Group (FBG) has clinched an RM108.97 million contract from Prasarana Malaysia to complete the remaining works of the Kelana Jaya light rail transit (LRT) project. The contract is to undertake works comprising construction, completion, testing and commissioning of works at stations 1,2 [...]
  • 25 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (CLIQ Energy, IHH Healthcare, Perak Corp) – 24/03/15

    Special-purpose acquisition company (SPAC) CLIQ Energy has suspended their shares , raising speculation that the company would likely enter an agreement to acquire an oil and gas (O&G) field.
  • 24 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Tropicana, Hong Leong IB Research, Poh Huat) – 23/03/15

    Tropicana Unveils Latest Project: The Residences Tropicana launched The Residences simultaneously in Malaysia, Singapore, Taiwan, China, Indonesia and Hong Kong on 21 March 2015. Tropicana The Residences is the only luxury property located in Kuala Lumpur’s Golden Triangle, where the 55-storey mixed-use development will come up on a 0.51-hectare freehold parcel next to Suria KLCC, [...]
  • 23 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Eco World, Paramount, Vitrox) – 20/03/15

    CIMB Equities Research said Eco World Development’s 1Q15 net profit was within expectations and made up 8 percent of its full year forecast.
  • 20 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (EA Hldgs, Glomac, Top Glove Corp) – 19/03/15

    EA Holdings is looking to acquire 20% equity interest in Cekap Air RM47 million which will allow it to diversify its existing business operations into mechanical and electrical (M&E) engineering and construction project management consultancy businesses.
  • 19 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (IHH Healthcare, Petron M’sia, Sumatec Resources) – 18/03/15

    Shares of IHH Healthcare continued to ascend this week as investors stayed unmoved despite the failure of the company’s plans to acquire Singapore’s Radlink-Asia.

  • 18 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Eversendai, Gabungan AQRS, Karex) – 17/03/15

    Eversendai Corporation has clinched RM864 million worth of contracts since January 2015, with the most recent being two contracts in Saudi Arabia worth RM246 million.
  • 17 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (BIMB Hldgs, Ibraco, KNM Grp) – 16/03/15

    BIMB Holdings reported a more than two-fold increase in net profit to RM153.9 million for the fourth quarter ended 31 December 2014, on the back of a 4.4 percent rise in revenue to RM761.5 million.
  • 16 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (CCMD, Petra Energy, QL Resources) – 13/03/15

    CCM Duopharma Biotech, a key player in the fertilisers, chemicals and pharmaceuticals industries, is poised to become one of Malaysia’s largest pharmaceutical manufacturers following its RM245.1 million purchase of six pharmaceutical units from parent company, Chemical Company of Malaysia (CCM).
  • 13 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Faber Group, SP Setia, Sunway) – 12/03/15

    Faber Group, a 70.7 percent-owned unit of UEM Group, has finally sealed a new concession for the provision of support services to government hospitals in Perak, Penang, Kedah and Perlis.
  • 12 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Coastal Contracts, KUB M’sia, M’sia Steel, Teo Seng) – 11/03/15

    RHB Research said it sees value in Coastal Contract’s delivery track record and diversification strategy and view its decision to dispose of a potentially idle offshore asset in a favorable light.
  • 11 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Affin Hldgs, Tambun Indah, WCT) – 10/03/15

    Affin Holdings’ unit, Affin Banking Group (ABG) is concentrating on sustaining profit growth in its commercial banking business but it will be more aggressive in expanding its investment banking unit.
  • 10 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Boustead, HeveaBoard, Tenaga Nasional) – 09/03/15

    Boustead Holdings is buying a 50 percent stake in Irat Properties, which recently signed a deal to buy the entire stakes in ATES and Beta Tegap, the joint operators of the automated traffic enforcement system (AES) in Malaysia.
  • 09 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Alam Maritim, Deleum, PPB Grp) – 06/03/15

    Alam Maritim Resources received a two-year umbrella contract starting from January 2015 for the provision of spot charter for marine vessels from Petronas Carigali for its Malaysian operations, with an option for a one-year extension.

  • 06 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (DiGi.Com, Eco World, Fitters Diversified) – 05/03/15

    DiGi.Com incoming chief executive officer Albern Murty said that the company has a 3-year strategy plan to become the best mobile Internet provider for the mass market, which is proceeding nicely.
  • 05 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Carlsberg Brewery M’sia, Lafarge, Oriental Hldgs) – 04/03/15

    CIMB Equities Research said Carlsberg Brewery Malaysia highlighted while it was happy with its FY14 results, business environment in the current year is expected to be more competitive due to slower consumer spending in Malaysia and the competitive environment in Singapore.
  • 04 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Mudajaya, Pesona Metro, Plenitude) – 03/03/15

    Sentiment on construction company Mudajaya Group was dampened following its dismal FY14 performance.
  • 03 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (7-Eleven M’sia, Brahim’s Hldgs, Hong Leong Bank) – 02/03/15

    7-Eleven Malaysia 4Q14 Earnings Jump 71% For the fourth quarter ended 31 Decemeber 2014, 7-Eleven Malaysia Holdings registered a 71.1 percent rise in net profit to RM17.9 million, underpinned by sales growth, gross profit margin expansion and growth in other operating income. Total store count stands at 1,774 at end FY14, increasing by about 200 [...]
  • Tan Jia Hui
  • 02 March 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Genting, Maybank, Telekom M’sia) – 27/02/15

    Genting’s 4Q14 earnings declined 43.4 percent to RM273.8 million despite a 4.9 percent rise in revenue to RM4.6 billion.

  • 27 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Axiata, Bumi Armada, Tan Chong Motor) – 26/02/15

    Axiata Group, which reported a 3.4 percent year-on-year increase in net profit to RM594.9 million and a 6.7 percent rise in turnover to RM4.8 billion on the back of higher revenue from all key operating divisions except Malaysia for 4Q14, will spend a hefty RM4.8 billion to strengthen its data segment services and offerings this year.
  • 26 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (M’sian Bulk Carriers, MUI, TSH Resources) – 25/02/15

    Although plummeting charter rates cut Malaysian Bulk Carriers’ FY14 net profit by 72.7 percent to RM12.2 million, the firm plans to build five new ships to expand its fleet size to 27 vessels by 2018.
  • 25 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (MISC, Perdana Petroleum, UMW O&G) – 24/02/15

    A US$1.1 billion (RM4 billion) novation agreement to build five liquefied natural gas carriers (LNGCs) has been reached between energy shipping company MISC, its main shareholder, Petroliam Nasional and South Korean shipbuilder Hyundai Heavy Industries Co.
  • 24 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Petronas Chemical, Unisem, Westports Hldgs) – 23/02/15

    CIMB Equities Research said Petronas Chemical Group’s FY14 core earnings were 22 percent below its forecast and 11 percent below consensus due to weaker-than-expected olefins earnings and lower-than-expected utilisation rates from multiple shutdowns.
  • 23 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (IFCA MSC, Petronas Gas, Shell Refinery Co) – 18/02/15

    Business management solutions provider IFCA MSC announced a much stronger net profit of RM9.1 million for 4Q14, up from RM0.9 million a year earlier, signifying a well-performing quarter for software implementation works.
  • 18 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (British American Tobacco, MBSB, Padini) – 17/02/15

    British American Tobacco (Malaysia) (BAT) said its net profit for 4Q14 dropped a marginal 0.9 percent to RM187.4 million despite revenue increasing to RM1.2 billion as a result of the cumulative pricing impact of the June 2013 price hike and the excise-led price increases in September 2013 and November 2014 within Malaysia.
  • 17 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Gas M’sia, IQ Grp Hldgs, Vitrox Corp) – 16/02/15

    For the fourth quarter ended 31 December 2014, Gas Malaysia registered a 41.9 percent slump in net profit to RM23.3 million, despite a 29.2 percent expansion in revenue to RM780.5 million that came on the back of higher gas sales volume.
  • 16 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (MPHB Capital, MRCB, Petronas Dagangan) – 13/02/15

    Maybank Investment Bank (Maybank IB) Research said on Friday that MPHB Capital is selling its 49 percent stake in Multi-Purpose Insurans to Generali Asia for RM335.8 million.
  • 13 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Berjaya Assets, Daibochi Plastic & Packaging, MSM M’sia) – 12/02/15

    For the second quarter ended 31 December 2014, Berjaya Assets reported a 149.3 percent surge in net profit to RM40.5 million, underpinned by higher profit contribution from its property development and investment business segment arising from higher rental income and higher gain registered on disposal of quoted shares amounting to RM42 million.
  • 12 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Hartalega, Hup Seng, IHH Healthcare) – 11/02/15

    The world’s largest synthetic glove manufacturer Hartalega Holdings’ net profit declined by 14.4 percent from RM57.9 million in 3Q14 to RM49.5 million in 3Q15 as a result of a lower average selling price caused by declining raw material prices, more competitive selling prices and a rise in electricity and natural gas cost.
  • 11 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (CIMB Grp Hldgs, Dialog Grp, DiGi.Com) – 10/02/15

    CIMB Group Holdings recently announced that it would undergo a major reshuffling, coined T18, to bring its cost-to-income ratio down to less than 50 percent by 2018, from 58 percent currently.

  • 10 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Fututech, Sarawak Cable, VS Industry) – 09/02/15

    Fututech announced the execution of a heads of agreement (HOA) with the firm’s major shareholders, Datuk Tee Eng Ho, Datin Toh Siew Chuon and Tee Eng Seng, to commence exclusive negotiations for the proposed acquisition of construction outfits, Kerjaya Prospek (M) and Permatang Bakti, for RM380 million.
  • 09 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Guinness Anchor, MMHE, Public Bank) – 06/02/15

    Guinness Anchor said its strategy to leverage on its new brands in addition to the measures taken by enforcement officers against contraband products is showing results.
  • 06 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Caring, IFCA MSC, Muhibbah Engrg) – 05/02/15

    Caring Pharmacy Group’s 1H15 results were below BIMB Securities’ estimates. Its year-on-year revenue grew by 5.4 percent due to contributions from the 12 outlets opened in 2H14 and four new outlets that opened in 1H15 while its year-on-year net profit rose to RM2.1 million, representing a 14.8 percent increase due to the presence of other income and lower taxation.
  • 05 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Hong Leong Bank, Mitrajaya, Prestariang) – 04/02/15

    Hong Leong Bank Expected To Be Resilient In 2015 With 2015 being a fairly resilient year, Hong Leong Bank feels that its prudent growth approach in the past might pay off despite the structural and cyclical headwinds weighing down the banking sector. The bank saw its loans grow but a tad slower from last year [...]
  • 04 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Dutch Lady, F&N, Eco World, Kossan) – 03/02/15

    Shares of dairy companies Dutch Lady Milk Industries and Fraser & Neave Holdings (F&N) have seen strong gains in the year-to-date as a result of investor expectations that low raw material prices will lead to a rise in profit margins.
  • 03 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Astro M’sia Hldgs, Hua Yang, Mah Sing Grp) – 02/02/15

    Astro Malaysia Holdings has officially launched its new 24-hour shopping service, Go Shop, which was set up in a 60:40 joint venture with South Korean multimedia retailer GS Home Shopping, and aims to achieve RM500 million revenue by 2019 for the new shopping channel.
  • 02 February 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Bursa M’sia, Hibiscus Petroleum, Jaya Tiasa) – 30/01/15

    Bursa Malaysia recorded a 12.8 percent and 57 percent increase in total income and net profit to RM128.5 million and RM53.1 million respectively in 4Q14.
  • 30 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (LPI Capital, Press Metal, UMW Oil & Gas) – 29/01/15

    LPI Capital’s earnings shot up by 40.5 percent to RM283 million in FY14, as a result of a boost from its unit Lonpac Insurance (Lonpac). The company had posted a record pre-tax profit of RM341.9 million representing a 33.1 percent improvement year-on-year, while revenue rose 4.5 percent to RM1.2 billion.
  • 29 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Benalec Hldgs, GHL Systems, IGB REIT) – 28/01/15

    Benalec Holdings’ 70 percent-owned subsidiary Spektrum Kukuh and the Johor state government has received the Department of Environment’s (DOE) approval to commence reclamation work for its Tanjung Piai petroleum hub and industrial park in the Straits of Johor.
  • 28 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (CapitaMalls M’sia Trust, Felda Global Ventures, KLCC Properties) – 27/01/15

    CapitaMalls Malaysia Trust (CMMT) is revisiting the acquisition of Tropicana City Mall and Tropicana City Office Tower, after previous attempt to acquire the two properties in 2013 miscarried due to disagreement on the terms of sale and purchase between the company and the vendor, Tropicana Corporation.
  • 27 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Pensonic, WCT Hldgs, Wong Engineering Corp) – 26/01/15

    Pensonic Holdings plans to adopt a new business model to market its latest smart power bank device under the fonebud brand, which is to offer the ownership of the fonebud brand to distributors, who had hit a consistent sales target over a two-year period.
  • 26 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Hua Yang, IJM Land, Malaysian Pacific Industries) – 23/01/15

    Kenanga Research predicts a weak property market over the next six to nine months, thus reducing its 2015 and 2016 sales earnings estimates for Hua Yang by 14 percent and 12 percent to RM501 million and RM529 million respectively.
  • 23 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Econpile, Iskandar Waterfront City, MBM Resources) – 22/01/15

    Econpile Holdings announced that its wholly-owned subsidiary has clinched a RM129 million 23-month piling job from Damai City, the largest contract that the group has obtained since its listing last June. The job consists of bored piling, earthworks, foundation and substructure works for a mixed development project at Jalan Conlay, Kuala Lumpur.
  • 22 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Fitters Diversified, F&N Hldgs, IRIS Corp) – 21/01/15

    Fitters Diversified foresees that its newly added pipe-manufacturing business will generate a maximum revenue of RM90 million in FY15, with an average profit margin of 20 percent.
  • 21 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Eastern & Oriental, Quill Capita Trust, Supermax) – 20/01/15

    Eastern & Oriental’s (E&O) subsidiary, Eastern & Oriental Property (UK) (EOPUK), has entered into a property sale with GEMS Hammersmith (Luxembourg) SARL through its unit Hammersmith Properties, for the acquisition of Landmark House and Thames Tower in London for GBP57 million (RM308.9 million).
  • 20 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Amalgamated Industrial Steel, Inari Amertron, Uzma) – 19/01/15

    Amalgamated Industrial Steel (AISB) wants to diversify its business to include property development to diversify its earnings base and to enhance its overall long term growth prospects, with the proposed diversification expected to be implemented this year.
  • 19 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Malayan Resources Corp, MISC, OCK Group) – 16/01/15

    RHB Research has reaffirmed its positive view on OCK Group after its recent meeting with its new chief executive officer (CEO) and updates on its plans. It views the recent appointment of its new CEO positively as his vast experience in overseeing telco assets in emerging markets for Axiata will be especially useful for the company’s expansion into new markets like Myanmar.
  • 16 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Kossan Rubber, Sona Petroleum, TMC Life Sciences) – 15/01/15

    Alliance DBS Research notes that construction works on Kossan Rubber Industries’ three new plants have been completed. This will add six billion pieces to its annual capacity. Two of them (Plants 17 and 18) have started operations while Plant 19 is slated to be fully operational by February.
  • 15 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (DRB-Hicom, Tek Seng Hldgs, Tropicana Corp) – 14/01/15

    AmResearch has maintained its Buy call on DRB-Hicom with an unchanged fair value of RM3.60 a share.
  • 14 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (CIMB Grp Hldgs, Kimlun Corp, Tenaga Nasional) – 13/01/15

    The proposed mega merger of CIMB Group Holdings, RHB Capital (RHBCap) and Malaysia Building Society (MBSB) is off and an announcement is expected before the end of the week.
  • 13 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Axiata Grp, M’sia Airports Hldgs, SP Setia) – 12/01/15

    Telco Celcom Axiata foresees 2015 as an opportunity to revisit its current business models, which are believed to remain sustainable in the long run, and to adopt innovative ways to develop up-and-coming new models.
  • 12 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (KLK, Perisai Petroleum, Top Glove) – 09/01/15

    Plantation group Kuala Lumpur Kepong (KLK) is selling 20 percent stake in wholly owned subsidiary, KLK Premier Capital to Japan-based Mitsui & Co for RM154 million cash. The proposed disposal is expected to be completed within this quarter.
  • 09 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Puncak Niaga, Scomi Energy, Westports) – 08/01/15

    Puncak Niaga Eyes Foreign Jobs Puncak Niaga Holdings is in talks with China and countries in Latin America and ASEAN, among others, to provide maintenance services to their oil and gas (O&G) industries. It hopes that such talks will materialise this year. Following the disposal of the company’s water assets and operations, its O&G business [...]
  • 08 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Air Asia, MyEG, Sarawak Cable) – 07/01/15

    Air Asia Shares Down Shares of Air Asia fell to a low of RM2.48 at midday on Tuesday, in line with the weaker broader market and the sell-down by foreign funds as well as claims by the Indonesian authorities that Flight QZ8501 had been flying an unauthorised schedule when it crashed. However, RHB Research expects [...]
  • 07 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Eversendai, IJM, VS Industry) – 06/01/15

    Eversendai Bags RM44 Million Job Eversendai Corp, a structural steel turnkey contractor, has secured a RM44 million contract through its Dubai subsidiary for the connection design, fabrication, supply and erection of structural steel works for the new 5,000 seat Nas Indoor Futsal and Volleyball Arena, which will be used to host international tournaments. The company [...]
  • 06 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Superlon, Jobstreet, City-Link Express) – 05/01/15

    Superlon Dividend Payout Puts It On Investors’ Radar Superlon Holdings’ generous dividend payout has put the manufacturer of insulation products on investors’ radar. The dividends paid out had been considered after looking at its financial position, earnings, and future plans. Superlon has a market capitalisation of RM57.6 million and its core business is divided into [...]
  • 05 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Cypark, Kim Loong, Mah Sing Grp) – 02/01/15

    Environment technology company, Cypark Resources, saw its net profit in 4Q14 fall 28.2 percent from RM8.9 million in the same period a year earlier to RM6.4 million while its revenue dropped 11.8 percent to RM50 million.
  • 02 January 2015
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Berjaya Corp, Crescendo, Telekom M’sia) – 31/12/14

    Crescendo Corporation’s net profit for 3Q14 fell 61.8 percent to RM18.1 million while revenue for the period fell 6.9 percent to RM72.6 million. Earnings per share fell from 21.43 sen a year ago to 7.94 sen.
  • 31 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (DiGi.com, New Hoong Fatt, Sunway) – 30/12/14

    Sunway has secured a contract worth RM169.9 mil from Iskandar Investment to design and build the Coastal Highway Southern Link (CHSL) in Johor. The CHSL is expected to provide direct access to Sunway Iskandar, thus shortening travelling time to the Singapore Second Link Bridge
  • 30 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Utilities Outlook, Shin Yang, Taliworks Corp) – 29/12/14

    Affin Hwang Capital is maintaining its ‘Overweight’ view on the utilities sector due to its defensive qualities and good earnings visibility amid volatile equity markets.
  • 29 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Palm Oil Futures, Brahim’s Hldgs, Lafarge M’sia) – 26/12/14

    Malaysian palm oil futures rose to their highest in nearly a month on Wednesday, 24 December, as severe flooding in parts of the country due to the monsoon rains affected harvesting and crushing of palm fruit.
  • 26 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Malaysia Airports Hldgs, Pestech Int’l, PJ Development) – 24/12/14

    ISG Deal Paves Way For MAHB’s Expansion Malaysia Airports Holdings (MAHB)’s move to gain full control over Istanbul’s second largest airport has paved the way for the airport operator to invest in more quality assets abroad. MAHB has started to receive enquiries from international parties for similar deals but declined to divulge more details. The [...]
  • 24 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (WCT Hldgs, Yinson, Dialog Grp) – 23/12/14

    RHB Research Maintains Neutral On WCT RHB Research Institute has maintained its ‘Neutral’ call on WCT Holdings with a target price of RM1.64 based on 12 times revised fully-diluted FY15F earnings per share of 13.7 sen. It said that with new job wins of only RM994 million, WCT has missed its construction order book replenishment [...]
  • 23 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (MPHB Capital, Prinsiptek Corp, Systech) – 22/12/14

    MPHB Capital will be sitting on cash of more than RM700 million, translating into RM1 per share when the sale of a 49 percent stake in its insurance arm to Italy-based Generali Asia NV for RM355.8 million, is completed.
  • 22 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Berjaya Sports,Tenanga Nasional, Wah Seong) – 19/12/14

    Berjaya Sports 2Q15 Net Profit Up 21% Berjaya Sports Toto recorded a 20.6 percent year-on-year jump in net profit from RM82.6 million to RM99.7 million in the second quarter ended 31 October 2014, as revenue rose 44.7 percent to RM1.3 billion. The increase in revenue was mostly due to the consolidation of the firm’s prestige [...]
  • 19 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Genting M’sia, Scientex, Sarawak Oil Palms) – 18/12/14

    Genting Malaysia Fails NY Casino License Bid Genting Malaysia has failed to win a casino licence in upstate New York (NY). The NY state board had chosen three developers that excluded any bids in Ulster county and Orange county where both of Genting Malaysia’s bids were located. However, CIMB Equities Research stated that the group [...]
  • 18 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (LFE, Masterskill Education, mTouche Technology) – 17/12/14

    LFE Nails RM350m Shapadu City Village Contract LFE Corporation’s unit, LFE Engineering, has secured a RM350 million contract to build the Shapadu City Village in Putrajaya. The company said the project is expected to commence on 16 December 2014 and to be completed within 36 months from the commencement date. It also said the project [...]
  • 17 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (AirAsia X, Bumi Armada, Globaltec Formation) – 16/12/14

    AirAsia’s long-haul affiliate, AirAsia X, has placed a firm order to buy 55 new A330neo aircraft from Airbus for US$15.2 billion (RM53.3 billion), making it the single biggest A330 airline customer for Airbus with a total order for 91 aircraft.
  • 16 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (AWC, Talam Transform, Tiong Nam Logistics) – 15/12/14

    Facility management services provider, AWC, plans to embark into the telecommunication and healthcare industry, and may consider merger and acquisition (M&A) in the future, besides winning more private sector clients to boost its business.
  • 15 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Astro M’sia Hldgs, FGV Hldgs, UMW O&G) – 12/12/14

    For the third quarter ended 30 October, Astro Malaysia Holdings recorded a 5.2 percent gain in revenue to RM1.3 billion on the back of increased subscriptions and other revenue. However, net profit slipped 8.5 percent to RM113.3 million due to higher depreciation, amortisation and tax expenses.
  • 12 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Eco World, Kulim, QL Resources) – 11/12/14

    Eco World Eyes RM7b Sales In Next 2 Years Eco World Development Group has set new sales targets of RM3 billion and RM4 billion for the next two years respectively, including existing phases that have not been launched. The group said that while revenue and profits were muted this year, the strong sales achieved in [...]
  • 11 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Berjaya Food, IJM Corp, Sunway) – 10/12/14

    For the second quarter ended 31 October, Berjaya Food’s revenue more than doubled to RM75.3 million, mainly due to the effect of consolidation of a newly acquired subsidiary, Berjaya Starbucks Coffee Company (BStarbucks), as well as higher contributions from its Starbucks operations in Brunei.
  • 10 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Berjaya Auto, SapuraKencana, Wah Seong) – 09/12/14

    For the second quarter ended 30 September, Berjaya Auto recorded an 80.1 percent surge in revenue to RM508.8 million, as net profit more than doubled to RM57.5 million, primarily due to higher sales volume of Mazda vehicles in both Malaysia and the Philippines.
  • 09 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (CAB Cakaran, IOI Properties, Uzma) – 08/12/14

    CAB Cakaran Corporation is on track to hitting revenues of close to RM1 billion next year, riding on its intention to tap into the Singapore market and its expansion plans for its poultry farms in the country.
  • 08 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (Telco Outlook, Genting M’sia, Yong Tai) – 05/12/14

    The telecommunication industry is forecasted to be healthy and expected to enjoy 4.8 percent overall revenue growth next year, according to AllianceDBS Research.
  • 05 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (GD Express Carrier, Glomac, Kulim) – 04/12/14

    Logistics service provider GD Express Carrier is looking for more partners and potential mergers and acquisitions (M&A) to expand regionally, according to group chief executive officer Teong Teck Lean.
  • 04 December 2014
  • Malaysia Daily Bulletin
    •      		Back to top

    Stocks In Focus MY (AirAsia X, Hap Seng Consolidated, Hartalega Hldgs) – 03/12/14

    AirAsia X Plans Route Expansion AirAsia X plans to fly to Hawaii and Sapporo, Japan, next year in a bid to strengthen its bottom line, says group chief executive officer Tan Sri Tony Fernandes. The plans came after a review of the airline’s network, following the decline in global oil prices, which is a boost [...]
  • 03 December 2014