Business

Taking Sumatec higher

By SHAREN KAUR - Thursday, 31 July 2014.

ASSET INJECTION: Firm targeting more than RM1b profit by 2018, say sources

Latest

KL shares end easier

Thursday, July 31, 2014 - 18:42

KUALA LUMPUR: Share prices on Bursa Malaysia closed lower today, weighed down by losses in selected blue-chips and heavyweights as well as lack of fresh leads.

HLIB assigns fair value of RM2.07 to APB

Thursday, July 31, 2014 - 18:38

KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research has assigned a fair value of RM2.07 to APB Resources Bhd, as it rides on the petrochemical upcycle.

REA buys 17.2pc stake in iProperty worth AU$106m

Thursday, July 31, 2014 - 16:41

KUALA LUMPUR: iProperty Group's new major shareholder REA Group has acquired a 17.2 per cent stake in the company worth AU$106 million.

George Kent gets shareholders nod for 1-for-3 bonus issue

Thursday, July 31, 2014 - 16:36

PUCHONG: George Kent (Malaysia) Bhd has obtained shareholders approval for a one-for-three bonus issue of 75.1 million new ordinary shares to be credited as fully paid-up.

Maybank keeps 'hold' rating on Sunway

Thursday, July 31, 2014 - 16:30

KUALA LUMPUR: Maybank Research keeps its 'hold' rating on Sunway Bhd with a RM3.05 target price, on assumption that it is on track to hit sales target.

AirAsia flights booking via Amadeus now even easier

Thursday, July 31, 2014 - 16:04

KUALA LUMPUR: AirAsia is the first airline in Asia Pacific to implement light ticketing technology from Amadeus, a leading technology provider for the global travel industry, which gives travel agencies an even simpler way to book the airline’s content.

Malaysian firms urged to accelerate outsourcing non-core business activities

Thursday, July 31, 2014 - 15:44

KUALA LUMPUR: Malaysian companies should accelerate outsourcing their non-core business activities to lower their operational costs, obtain access to very specific expertise in a flexible manner and gain more flexibility to be more productive.

HLIB maintains 'buy' call on Scomi Energy

Thursday, July 31, 2014 - 15:32

KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research is maintaining its 'buy' call on Scomi Energy (SES) with unchanged target price of RM1.24 on moves to raise war chest.

AmResearch keeps 'hold' rating on Maybank

Thursday, July 31, 2014 - 15:15

KUALA LUMPUR: AmResearch keeps 'hold' rating on Malayan Banking Bhd (Maybank) as share price likely to be supported by upcoming dividend payout.

KL shares down at midafternoon

Thursday, July 31, 2014 - 15:00

KUALA LUMPUR: The Bursa Malaysia key index, the FBM KLCI was 1,873.63, down 4.71 points at midafternoon on selling pressure of bluechips.

CIMB Research keeps ‘add’ on Perisai Petroleum

Thursday, July 31, 2014 - 01:32

CIMB Research maintains its “add” rating on Perisai Petroleum Bhd, with full deployment of assets being the potential re-rating catalyst.

CIMB downgrades local banks to ‘underweight’

Thursday, July 31, 2014 - 01:31

CIMB Research says it is “underweight” on Malaysian banks, given the new threats to earnings growth despite the recent interest rates hike.

AmResearch  favourable towards Titijaya

Thursday, July 31, 2014 - 01:30

AMRESEARCH Sdn Bhd said it is favourable towards Titijaya Land Bhd, with an unchanged fair value of RM3.30 a share, thanks to the company eyeing two parcels of prime development land in the Klang Valley.

Analyst: Ringgit will likely rise in Q3

By RUPA DAMODARAN - Thursday, July 31, 2014 - 00:51

KUALA LUMPUR: The ringgit will likely appreciate in the third quarter as investors hunt for stronger yields in emerging markets like Malaysia, said AmMarkets forex strategist Wong Chee Seng.

IJM Plantations beefing up Indonesian ops

Thursday, July 31, 2014 - 00:48

IJM Plantations Bhd, the plantation arm of IJM Corp Bhd,  is committed to complete its Indonesian expansion project in both plantation development and mills establishment this year and the coming years.

Qatar Airways upbeat on Malaysia prospects

Thursday, July 31, 2014 - 00:48

Malaysia is also the biggest market for Qatar Airways in terms of travel between Hamad International Airport (HIA) in Doha, Qatar, and London, he said in an interview, here, recently.