Business

Above expectations

By BILQIS - Friday, 29 August 2014.

RM307m Q2 LOSS: MAS still needs drastic shake-up, say analysts

Latest

KL shares sharply lower at close

Friday, August 29, 2014 - 17:19

KUALA LUMPUR: At 5pm today, there were 251 gainers, 660 losers and 262 counters traded unchanged on the Bursa Malaysia.

Wah Seong shareholders’ nod for acquisition of 49pc stake in Alam-PE

Friday, August 29, 2014 - 17:15

GEORGE TOWN: Wah Seong Corp Bhd shareholders have approved the acquisition of a 49 per cent stake in Alam-PE Holdings (L) Inc (Alam-PE) from CIMB Private Equity Sdn Bhd for RM106 million.

Amirul Feisal resigns as Managing Director of CCM

Friday, August 29, 2014 - 16:52

KUALA LUMPUR: Chemical Company of Malaysia Bhd(CCM) today announced the resignation of Amirul Feisal Wan Zahir as Managing Director.

Mah Sing's H1 pre-tax profit rise to RM225m

Friday, August 29, 2014 - 16:44

KUALA LUMPUR: Mah Sing Group Bhd's pre-tax profit for the first six months ended June 30, 2014, rose to RM225.032 million compared with RM188.239 million recorded in the same period a year ago.

Khazanah will use RM1.4b to acquire remaining shares to wholly own MAS

Friday, August 29, 2014 - 16:37

KUALA LUMPUR: Of the RM6 billion plan to revitalise Malaysia Airlines (MAS), Khazanah Nasional Bhd will use RM1.4 billion to acquire the remaining shares in the national carrier it does not already own of about 30.4 per cent.

Khazanah unveils RM6b recovery plan for MAS

Friday, August 29, 2014 - 16:08

KUALA LUMPUR: Khazanah Nasional Bhd has unveiled a RM6 billion recovery plan for Malaysia Airlines (MAS) which will see the ailing national carrier inject greater efficiency by cutting its staff size comprising almost 20,000 by 30 per cent and refocusing on profitable regional routes rather than l

Felda Global to acquire Asian Plantations for £120m

Friday, August 29, 2014 - 15:48

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) has proposed to acquire Asian Plantations Ltd (APL) for £120 million (about RM628 million).

Sime's pre-tax profit for FY14 slips to RM3.97b

Friday, August 29, 2014 - 15:44

KUALA LUMPUR: Sime Darby Bhd's pre-tax profit for the financial year ended June 30, 2014 (FY14) slipped to RM3.965 billion from RM4.314 billion a year ago.

CIMB Group H1 pre-tax profit drops to RM2.71b

Friday, August 29, 2014 - 15:15

KUALA LUMPUR: CIMB Group Holdings Bhd pre-tax profit for first half ended June 30, 2014 declined to RM2.71 billion from RM3.1 billion in

KL shares lower at midafternoon

Friday, August 29, 2014 - 15:12

KUALA LUMPUR: At 3.00 p.m. today, there were 171 gainers, 684 losers and 246 counters traded unchanged on the Bursa Malaysia.

Najib introduces the National Corporate Innovation Index

Friday, August 29, 2014 - 12:48

KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak today introduced the National Corporate Innovation Index (NCII) as a measurement tool to help stimulate and drive innovation among large companies in Malaysia.

KL shares easier at midday

Friday, August 29, 2014 - 12:40

KUALA LUMPUR: At 12.30 p.m. today, there were 158 gainers, 658 losers and 258 counters traded unchanged on the Bursa Malaysia.

MAS requests suspension in trading of shares

Friday, August 29, 2014 - 12:18

KUALA LUMPUR: Malaysian Airlines System Bhd (MAS) has requested for a suspension in the trading of its shares on Bursa Malaysia's Main Market from 9am to 5pm today, pending a material announcement.

PublicInvest keeps 'outperform' call on DRB-Hicom

Friday, August 29, 2014 - 11:54

KUALA LUMPUR: PublicInvest Research keeps 'outperform' call on DRB-Hicom Bhd with a target price of RM3.20 on expectation of future earnings growth.

KL shares easier at midmorning

Friday, August 29, 2014 - 11:18

KUALA LUMPUR: At 10.30 a.m. today, there were 154 gainers, 494 losers and 270 counters traded unchanged on the Bursa Malaysia.

Accept MAS privatisation offer by Khazanah: AmResearch

Friday, August 29, 2014 - 11:04

KUALA LUMPUR: AmResearch keeps its call for investors to accept Malaysian Airline System Bhd (MAS) privatisation offer by Khazanah at a fair value of 27 sen.