Business

RM15b Q3 profit

By KAMARUL YUNUS AND LIDIANA - Saturday, 29 November 2014.

NATIONAL oil company Petroliam Nasional Bhd (Petronas) has warned of possible lower dividend next year as its net profit for the third quarter ended September 30 fell 12.3 per cent to RM15 billion on weaker oil prices, liquefied natural gas (LNG) sales and unfavourable foreign exchange.

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Brent steady above US$73 a barrel

Saturday, November 29, 2014 - 02:01

LONDON: Brent crude oil steadied above US$73 a barrel yesterday after hitting a fresh four-year low in the wake of OPEC's decision not to cut output, a move investors said would leave oil markets heavily oversupplied.

Gold futures end mostly lower

Saturday, November 29, 2014 - 02:00

KUALA LUMPUR: Gold futures contracts ended mostly lower yesterday on lack of market-moving news, said Philip Futures dealer Ahmad Danial Zainudin.

Short-term rates close stable on BNM’s intervention

Saturday, November 29, 2014 - 01:59

KUALA LUMPUR: Short-term interbank rates closed stable yesterday on Bank Negara Malaysia's (BNM) intervention to mop up excess liquidity from the financial system.

Tin closes higher at US$20,250 a tonne

Saturday, November 29, 2014 - 01:58

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed US$70 higher at US$20,250 a tonne yesterday on low offerings and despite the metal’s lower price on the London Metal Exchange (LME), said a dealer.

CPO futures close lower

Saturday, November 29, 2014 - 01:57

KUALA LUMPUR: Crude palm oil (CPO) futures closed lower yesterday on the back of lower crude oil prices, a dealer said.

Ringgit ends lower against US$

Saturday, November 29, 2014 - 01:57

KUALA LUMPUR: The ringgit ended at a near five-year low against the US dollar yesterday in the face of a slump in oil prices, a dealer said.

Rubber market closes mixed

Saturday, November 29, 2014 - 01:56

KUALA LUMPUR: The Malaysian rubber market closed mixed yesterday due to weaker crude oil price, a dealer said.

‘DRB-HICOM net profit in line with consensus’

Saturday, November 29, 2014 - 01:13

DRB-HICOM Bhd’s core net profit of RM41 million for the second quarter of financial year 2015 was broadly in line with consensus numbers, said AmResearch Sdn Bhd.

AmResearch downgrades Bonia to ‘hold’

Saturday, November 29, 2014 - 01:12

AMRESEARCH Sdn Bhd has downgraded Bonia Corp Bhd from “buy” to “hold”, with a lower fair value of RM1.10, given the challenging outlook ahead. 

Index likely to make mild technical rebound

Saturday, November 29, 2014 - 01:11

AFTER staging a sharp technical rebound on Monday, share prices on Bursa Malaysia pared gains made early in the week on the last two trading days.

‘Undervalued properties good investment’

Saturday, November 29, 2014 - 01:07

CREDIT Suisse Securities Research & Analytics advises investors to put their money in undervalued property developers with affordable projects in resilient locations.

TA Enterprise to sell Hong Kong unit

Saturday, November 29, 2014 - 01:06

KUALA LUMPUR: TA Enterprise Bhd (TAE) is selling its Hong Kong unit, TA Securities (HK) Ltd (TAHK), to China King Sun Finance Group Ltd for RM6.8 million.

WTK Holdings to buy AMV for RM94.6m

Saturday, November 29, 2014 - 01:06

KUALA LUMPUR: WTK Holdings Bhd is acquiring Alanya Marine Ventures Sdn Bhd (AMV) for RM94.6 million to enable it to venture into the oil and gas (O&G) industry. AMV provides services related to O&G.

Mulpha’s Q3 net surges to RM44.05m

Saturday, November 29, 2014 - 01:06

KUALA LUMPUR: Mulpha International Bhd’s net profit for the third quarter ended September 30 this year surged more than fourfold to RM44.05 million compared with RM8.67 million recorded in the corresponding quarter last year.

WTO concludes first major trade deal

Saturday, November 29, 2014 - 01:05

AFTER many years of talking, the World Trade Organisation (WTO) pulled off a major deal on Thursday that the body said could boost global commerce by US$1 trillion (RM3.38 trillion) annually.

Oil extends losses in Asian marts

Saturday, November 29, 2014 - 01:03

OIL extended losses in Asian trade yesterday after the Organisation of the Petroleum Exporting Countries (Opec) cartel refused to cut production despite a global glut that has sent prices slumping to four-year lows, with analysts warning of more falls to come.