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Kenanga upgrades STMKB to 'outperform'
KUALA LUMPUR: Kenanga Research has upgraded Syarikat Takaful Malaysia Keluarga Bhd's outlook following an improved earnings result in 3QFY20 from the previous quarter.
Trading ideas: Top Glove, AirAsia, Wah Seong, My EG, Inari
KUALA LUMPUR: Top Glove Corporation, AirAsia Group, Wah Seong, MY EG Services and Inari Amertron are among the stocks which could see trading interest on Wednesday after the barrage of corporate news, according to TA Securities Research.
IJM unit wins RM315mil Penang construction job
KUALA LUMPUR: IJM Corp Bhd’s wholly-owned subsidiary IJM Construction Sdn Bhd has bagged a RM314.8mil contract from Laksana Positif Sdn Bhd for the construction of a 34-storey hotel and office tower at The Light City in Gelugor, Penang.
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Land & General net profit up eight-fold
PETALING JAYA: Land & General Bhd posted an eight-fold increase in net profit to RM14.08mil for the second quarter ended Sept 30 on the back of higher contributions from its property, education and other divisions.
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Luno rides on cryptocurrency to grow customer base
PETALING JAYA: Luno Malaysia, the largest digital asset exchange in the country with about 180,000 users, is confident of significantly growing its customer base in 2021, underpinned by the rising popularity of cryptocurrency.
MyEG earnings at RM70.74mil
KUALA LUMPUR: MyEG Services Bhd posted a net profit of RM70.74mil on the back of a RM136.09mil revenue in the third quarter ended Sept 30,2020, which was an improvement from the second quarter, due to its concession-related services
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Malakoff aims to further grow RE venture
PETALING JAYA: Malakoff Corp Bhd registered a 46.2% decline in net profit to RM50.8mil in the third quarter ended Sept 30,2020, as compared to RM94.5mil in the corresponding quarter last year.
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AirAsia revenue rises in Q3
PETALING JAYA: AirAsia Group Bhd has posted a revenue of RM443mil for its third quarter ended Sept 30, representing a 272% increase compared to the preceding quarter but a decline of 86% year-on-year (y-o-y).
Is it time for countries to open their borders?
PETALING JAYA: It is important for some countries to open their borders to support trade and recovery, although the shape and nature of recovery among the individual Asean members remain uncertain and can vary by country, senior fellow at Yusof Ishak Institute (ISEAS) in Singapore Dr Jayant Menon told a webinar.
Oil price closes at highest level since March
NEW YORK: Oil rose about 4% on Tuesday to touch highs not seen since March as a third promising coronavirus vaccine raised hope for fuel- demand recovery and U.S. President-elect Joe Biden began his transition to the White House.
40 production companies get RM13.9 mil from FINAS
PUTRAJAYA (Nov 24): Some 40 production companies have received offer letters for funds totalling RM13.927 million from the National Film Development Corporation’s (FINAS) Digital Content Fund (DKD) ...
Berjaya Land, Inari, Hong Leong Industries, AirAsia, ARB, Malakoff, UEM Sunrise...
KUALA LUMPUR (Nov 24): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Nov 25) include: Berjaya Land Bhd, Inari Amertron Bhd, Hong Leong Industries Bhd, Air...
AirAsia Group’s net loss widens to RM851.78m in Q3
Revenue plunged 86 per cent to RM442.91 million during the quarter under review from RM3.07 billion previously, as the Covid-19 pandemic continued to adversely affect demand for flights, said the low-...
Class action lawsuits to become EU law
The measure will become law within the next two years, once it is published in EU’s official administrative gazette, and member states change their laws to include it.
Airlines set to lose US$157bil amid worsening slump - IATA
PARIS (Reuters) - Airlines are on course to lose a total US$157 billion this year and next, their main global body warned on Tuesday, further downgrading its industry outlook in response to a second wave of coronavirus infections and shutdowns afflicting major markets.
Tesla set to breach US$500b in market value
Shares of the electric-car maker have risen nearly 28 per cent since the S&P Dow Jones Indices confirmed they would add the company to Wall Street’s benchmark index from December 21.
CPO December contract closes lower at RM3,448
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today, in line with the weaker soybean oil prices on the US Chicago Board of Trade (CBOT).
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Wee: I will resign if I am lying about KVDT2 project
KUALA LUMPUR (Nov 24): Transport Minister Datuk Seri Dr Wee Ka Siong said today that he will quit if he is found to be lying about the Klang Valley Double Tracking 2 (KVDT2) project as well as the ong...
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Leong Hup International's 3Q results up on-quarter
KUALA LUMPUR: Integrated poultry company Leong Hup International Bhd recorded an improvement in its third quarter results ended Sept 30,2020 from a quarter ago with net profit at RM22.53mil on revenue of RM1.57bil.
PBA 3Q net profit jumps nearly 83% to RM11.3m
KUALA LUMPUR: Penang water supply operator PBA Holdings Bhd saw its net profit jump by 82.8% to RM11.30mil in the third quarter ended Sept 30,2020 from RM6.18mil a year ago boosted by an increase in domestic water revenue.
Germany revises up Q3 economic growth
The record increase in gross domestic product (GDP) beat the preliminary estimate of 8.2 per cent quarter-on-quarter announced in October, federal statistics agency Destatis said.
Emirates remain optimistic on outlook in Malaysia
He said the international airline has recently increased its flight frequency between Kuala Lumpur and Dubai from its existing four-time to five-time weekly service when other airlines decided to grou...
UEM Sunrise posts RM28.9mil loss in Q3
KUALA LUMPUR: Property developer UEM Sunrise Bhd remained in the red for a third consecutive quarters, but is planning to ramp up new launches amid a pick up in sales.
Over 1,000 stocks in red on Budget, Top Glove woes
KUALA LUMPUR: Bursa Malaysia recorded more than 1,000 counters in the red at the close on Tuesday on concerns about the ability of the government to get a majority of the MPs to support the Budget 2021 proposals on Thursday.
The quick and quiet rise of RM2 stores
A number of businesses have had to close down amid an extremely tough operating environment, but a particular category of stores has been seeing growing demand in Malaysia.
Ex-CEO of glove maker WRP charged with CBT
SHAH ALAM (Nov 24): Datuk Lee Son Hong, a former chief executive officer (CEO) of glove manufacturer WRP Asia Pacific Sdn Bhd, was charged in the Sessions Court here today with eight counts of crimin...
JD Health to raise US$4b in HK's largest IPO of 2020
HONG KONG: JD Health, the healthcare arm of Chinese e-tailer JD.com Inc, aims to raise up to $4 billion in Hong Kong's largest initial public offering (IPO) of 2020, three people with direct knowledge of the matter told Reuters.
OCBC Malaysia banks on digital for growth
IT is undeniable that digitalisation will expand the reach of banks, especially the foreign ones in Malaysia that have a limited number of branches, but how effective is it in terms of translating int...
Water conundrum in Selangor
IN a brief conversation with The Edge last week, a director of Pengurusan Air Selangor Sdn Bhd declined to comment on the many disruptions of water supply in the state.
CCK 3Q net profit rises 20% to RM9.25mil
PETALING JAYA: East Malaysian retail chain store and supermarket operator CCK Consolidated Holdings Bhd posted a 20.2% year-on-year increase in net profit to RM9.25mil for the third quarter ended September 30, 2020.
Aneka Jaringan unit forms joint venture
KUALA LUMPUR: Aneka Jaringan Holdings Bhd’s wholly-owned subsidiary, Aneka Jaringan Sdn Bhd, has formed a joint venture (JV) company in the Philippines with Sunway Geotechnics (M) Sdn Bhd (SunGeo) and Pertama Crane & Engineering Sdn Bhd.
Jewellers fall as gold lost lustre
KUALA LUMPUR (Nov 24): Shares in jewellers Poh Kong Holdings Bhd and Tomei Consolidated Bhd fell this morning as gold prices slumped 2% to a four-month low yesterday.
Top Glove, Budget worries weigh on sentiment
KUALA LUMPUR: Investors' concerns about whether the Budget 2021 would get majority approval in Parliament on Thursday and the closure of some of Top Glove's plants weighed on Bursa Malaysia at midday on Tuesday.
Post-Budget 2021: The case for a debt jubilee
“You can’t cross the sea merely by standing and staring at the water.” — Rabindranath Tagore, Indian Poet Laureate (1861-1941) Life-changing events can and do sometimes shake us to our core.
Zaid sues Zaid Ibrahim & Co
KUALA LUMPUR (Nov 24): Former de-facto Law Minister Datuk Mohamed Zaid Ibrahim has filed a suit against his former law firm Messrs Zaid Ibrahim & Co, following the termination of his chairmanship in ...
Danone to cut about 2,000 jobs
PARIS: Danone will cut as many as 2,000 jobs, including one in four positions at its global headquarters in Paris, as the world’s largest yogurt maker attempts to revive profitability amid the pandemic.
Blackstone seeks US$5bil for second Asia fund
HONG KONG: Blackstone Group Inc is doubling down on Asia, seeking to raise at least US$5bil for its second private equity fund focused on the region, people familiar with the matter said.
Biden to inherit US economic policy deadlock
WASHINGTON, Nov 24 — From the Federal Reserve to the trading houses of Wall Street, economists and analysts agree the US economy needs more stimulus to bounce back from the coronavirus downturn.
Top Glove, Petronas Dagangan weigh on KLCI
KUALA LUMPUR: Bursa Malaysia got off Tuesday on a cautious note as losses in Top Glove and profit taking on Petronas Dagangan weighed on the FBM KLCI amid a weaker broader market.
Four factors to determine Spore’s pace of recovery
SINGAPORE: While Singapore is turning the corner in its economic recovery, it still has a long way to go as it adapts to the new realities of the Covid-19 world, said Trade and Industry Minister Chan Chun Sing yesterday.
HLT posts lower earnings
KUALA LUMPUR: HLT Global Bhd, a maker of glove-dipping lines and rubber gloves, reported a surge in quarterly revenue, but its earnings in the three-month ended Sept 30 were lower due to a sharp increase in operating expenses.
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Serba Dinamik Q3 net profit jumps 30.8%
PETALING JAYA: Serba Dinamik Holdings Bhd’s net profit rose 30.8% to RM148mil in the third quarter (Q3) ended Sept 30 from RM113.2mil in the corresponding period last year, in tandem with its higher revenue.
Top Glove's share buyback tops RM1b as over RM12b market cap wiped off amid...
Tesla’s stock market value accelerates past US$500 billion
Kenanga raises earnings outlook on Kelington
Maxis unveils online self assessment tool
Insight - In 2020, extra reasons to be grateful for Thanksgiving dinner
Rural infrastructure, online classes by public universities among issues in...
Asian insurers prefer fixed income and alternatives amid low interest rates
IFCA MSC showing signs of extending upward move, says RHB Retail Research
Stock rally to build in Asia after U.S. records
Staying indoors, with lower 4G speed — A Covid-19 story
U.S. and China physicists modify semiconductor to create superconductor
Oil up, stocks rally to records as US political uncertainty ebbs
Dow scales 30,000 on vaccine headway, Biden transition
Mnuchin will put clawed-back Fed funds out of Yellen’s reach, reports Bloomberg
Luxury fans in China chase neat shot of investment with vintage Moutai liquor
Call for higher minimum retirement age
BoJ’s local bank aid makes rates harder to cut, says ex-official
Dell posts surprise revenue rise on booming demand for remote-work tools
France's Macron eyes COVID-19 vaccination starting by year-end
Water supply disruption in 27 areas in Kuala Langat, Sepang until Wednesday
Two workshops demolished in anti-river pollution ops in Rawang
Covid-19: Jeffrey Kitingan given supervision, observation clearance
Terrorism: Malaysian among 16 foreigners repatriated from Singapore
Msia-Thai border shooting occurred after GOF personnel stumbled upon smugglers...
Allocation to ensure conducive learning environment — Radzi Jidin
Felcra, Baladna to expand dairy business worth RM2 bil
New taxes will only be introduced when economy recovers — Tengku Zafrul
Grab drivers, delivery riders' complaints get Muhyiddin's attention
Bersatu to hold general assembly virtually on Nov 28 — Hamzah Zainudin
Customer-centric supply chains crucial for a growth agenda
BN ministers, deputy ministers pledge full support for Muhyiddin's leadership
Elon Musk now world’s second wealthiest person
Tesla mulls expanding in Europe with compact vehicles, says CEO
Europe sets in motion January end to Boeing 737 MAX safety ban
Britain warns tech firms over risks of China expansion
US stocks boosted by start of Biden White House transition
China economic activity can return to reasonable range in 2021, says Premier Li
Top Glove buys back more shares; total amount spent since September rises to...
Pos Malaysia 3Q loss narrows with mild operating profit
Top Glove estimates three per cent of FY21 revenue to be impacted
ARB partners with Chinese telco to undertake smart building projects in Malaysia
Covid-19: 119 clusters of infection originate from workplaces
IATA: Virus crisis to cut airline 2020 revenues by 60pc
Caribbean resorts get starring role in US airlines’ Covid-19 holiday playbook
Wah Seong sinks deeper into the red in 3Q with adjustments totalling RM265.2m
EVENING 5: Five things you need to know today
MyEG 3Q net profit rises on Covid-19 health screenings, online grocery sales
Hong Leong Industries returns to the black in 1QFY21
Leong Hup 3Q net profit up 38.5% q-o-q on improved revenue in Vietnam
Omesti unit bags RM19.88m network equipment maintenance contract from Federal...
France taps experts on how to pay off Covid debt mountain
India’s love affair with coal cools as pressure grows on sector
Wan Junaidi: Entrepreneur Development Ministry to boost SME businesses via e-commerce platform
AirAsia looks beyond losses to travel return
Tan Chong Motor sees vehicle sales recovery in 3Q, boosted by sales tax...
CIMB Singapore has announced replacements for the 3 heads that were fired...
Berjaya Land narrows losses by 69.4% in 1Q, compared to previous quarter
UEM Sunrise’s 3Q losses narrow on greater construction activities and higher...
AirAsia 3Q net loss narrows q-o-q as domestic markets show recovery
Inari Amertron’s 1Q net profit jumps 47% as revenue expands
Ringgit ends higher against US dollar for third day running
Malaysia seen within reach of 40% Islamic financing target
Covid-19: Malaysia reports new record surge of 2,188 cases, 74% from Selangor
Pasdec publicly reprimanded for failure to submit annual report in time
Covid-19: Teratai cluster linked to Top Glove dorms records 1,511 new cases,...
Norway extends duration of pandemic loan guarantees to airlines
German business morale dips again on virus spike
Bitcoin close to all-time high after topping US$19,000
Travel, commodity stocks boost London shares on vaccine hopes
KL shares slide on Budget 2021 voting pressure
Inari sees strong demand for 5G RF components as Q1 net profit soars
Syarikat Takaful Malaysia Keluarga’s 3Q net profit falls on lower family...
AirAsia Group 3Q net loss widens to RM852m from RM51m net loss a year earlier
Pneumococcal vaccine available at public health facilities by December, says...
ARB 3Q net profit up marginally at RM8.4m on improved revenue
Malaysia suffers after Covid-19 outbreak hits rubber glove maker
Sterling gains as risk sentiment improves
Moody’s Investors Service: Survival of businesses challenging in Covid-19 situation
Majuperak returns to profit after three consecutive loss-making quarters
CPOPC, MPOC want sexual assault allegations in palm oil industry investigated
FBM KLCI closes down 19.09 points at 1,578.39
Tengku Zafrul: Evaluate Budget 2021 to gauge govt's determination in...
Monitoring stations to detect various types of pollution, Dewan Rakyat told
Seven-member bench to hear appeal determining if political parties can sue...
Malaysia adopts comprehensive approach to ensure Covid-19 under control
Council of Palm Oil Producing Countries: AP report intentionally harms image of palm oil industry
Hotel nights booked in Spain in October fall 83pc on travel restrictions
Hong Kong shares end slightly higher
European stock markets advance at open
Frankfurt DAX index to add 10 companies
Hong Kong stocks track broader Asia higher on White House transition, vaccine hopes
Parliament Speaker clarifies Kitingan received MoH release order after...
Palm oil industry adapting to new norm, business model despite Covid-19 — MPOB
Govt disbursed RM1.033b loans under Penjana SME financing as at Nov 13, says...
Malaysian lawmaker calls for hate speech law after Reuters' Rohingya report
PAC recommends establishment of integrated foreign worker recruitment system
EC: Special meeting on Nov 27 to discuss Gerik, Bugaya by-elections
Brent hits highest since March, spurred by vaccine hopes
Credit Suisse flags $450m impairment on York Capital Mgmt stake
S.Korea stocks close at record high on vaccine hopes, Biden transition
Insider Moves: Ekovest Bhd, SC Estate Builder Bhd, Tadmax Resources Bhd, Menang...
Bintai Kinden eyes vaccine foray to cushion M&E volatility
AirAsia sees travel behaviour returning to normal by 2022 — report
MITI disburses MDG grants worth RM20.85m till Oct 31
Asia Brands jumps 24.7% after posting four-fold jump in 2Q net profit
Muhyiddin appreciates contributions of GIACC's Abu Kassim in tackling corruption
'Alone in the dark': S. Korea's small businesses reel from new virus clampdown
Land & General posts stronger 2Q financial results
MCO does not slow down customs auditing process — deputy DG
Water sabotage prosecution shows govt’s seriousness — Tuan Ibrahim
To thrive in ageing society, Malaysia must improve in three areas — World Bank
Policies needed to foster workers' productive employment, says Mustapa
Dancomech, Golden Pharos, PPHB, Asia Brands, Chuan Huat, Eonmetall, Harn Len,...
Analysts have mixed views on Sunway REIT outlook following lacklustre earnings
Philippine shares ease on profit taking; Top Glove weighs on Malaysia
US$169b for 29,000 lives? Study calculates cost of US shutdowns
Tested by taxonomy: EU green finance rules leaky for ships, tight for houses
Hong Kong exchange plans smart contract solution for Stock Connect problems
Post-Budget 2021: Integrity is essential for education budget
KLCI falls 0.61% on profit-taking consolidation, Budget 2021 voting jitters
Malakoff 3Q net profit from continuing operations down 38% on-year at RM51m
Mah Sing Properties loses appeal, ordered to pay RM322,000 damages
Retailers could lose up to 20% of annual revenue from tobacco excise tax in...
NZ govt asks cenbank to include taming red-hot housing in remit, NZ$ jumps
Supermax likely to join FBM KLCI in next review
Foreign demand for Malaysian bonds strong in October, RAM says
Analysts raise Sime Darby Plantation earnings forecast on higher palm oil prices
Technofit picks Epicor for integration of business processes
EPF’s 40%-owned associate Kesturi to defer a portion of bond coupon payment —...
Carrefour Brasil shares plunge as Brazilians protest killing of Black man at store
Cloud kitchens the new norm, says foodpanda director
Top Glove falls as much as 7.48% on temporary disruption to 28 factories in...
Stay alert amid unpredictable weather, says Johor Sultan
CGS-CIMB: Investors continue to switch to Covid-19 recovery theme plays
MBSB Bank offering Targeted Repayment Assistance to B40 and M40 groups
Bursa Malaysia opens lower on concerns over Budget 2021 vote
Sweden's LKAB to invest up to US$46b in fossil-free iron
Ringgit retreats to open lower against US dollar
Sunak sets public services at heart of UK revival
Multinational companies see opportunities in China’s opening-up
MAS announces funding of up to 25 billion yuan for banks in Singapore
Malaysia's Top Glove shares tumble after govt says factories to be shut
Asian stocks shoot up as vaccine progress, Biden transition boost confidence
Ex-Goldman banker says he warned bosses about Jho Low, 1MDB
Quick take: Oil and gas counters boosted by oil price optimism
Top Glove shares slump on closure of plants due to Covid-19
Quick take: Serba Dinamik rises 2% on earnings beat
Keppel Corp’s business units get new leaders
Maxis kept at ‘hold’, fair value unchanged
Assess viability of revenue streams, SMEs advised
US directs GM to recall 5.9 million autos with Takata airbags
Yen on slippery ground as Yellen, Trump transition news boost risk appetite
Pipe dreams leave US energy firms caught in climate trap
Germany to take on more new debt than expected in 2021
Sime Plantation to deliver best quarterly in 4Q
Insight - Making vaccines accessible
The capital gains tax debate
Glove stocks to add more weight