PetChem eyes acquisitions to boost specialty business

3h thestar.com.my
KUALA LUMPUR: The chemical manufacturing unit of Petroliam Nasional Bhd (Petronas) is actively looking to acquire companies to expand its specialty chemical business, its chief executive officer said. (4-0)
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Heitech Padu looking at ‘right sizing’ to streamline its business

45m theedgemarkets
KUALA LUMPUR (Aug 22): IT services management company, HeiTech Padu Bhd, is looking at ‘right sizing’ its operations to streamline its business amid the challenging environment, says Chairman Datuk Seri Mohd Hilmey Mohd Taib.
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Report: Malaysian ECRL workers in limbo, firms’ shares nosedive after project axed

2h malaymail
KUALA LUMPUR, Aug 22 ― The Malaysian workers in the East Coast Link Railway (ECRL) workers in Pahang are in a quandary after the prime minister confirmed the cancellation of the project in Beijing yesterday.
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AMMB profit rises to RM348m

4h thestar.com.my
PETALING JAYA: AMMB Holdings Bhd ’s net profit rose 5.9% to RM347.59mil in the first quarter ended June 30, 2018, from RM328.27mil in the corresponding period last year on higher net interest income (NII) and lower expenses.
1015 AMMHF

Maxis revised plan appealing

4h thestar.com.my
PETALING JAYA: Maxis Bhd ’s revised fibre broadband plans may see Telekom Malaysia Bhd (TM) taking a hit to its unifi revenue.
4863 MYTEF

Supportline: Hibiscus Petroleum Bhd

4h thestar.com.my
HIBISCUS Petroleum Bhd is holding on firm above the short-term ascending trend line despite falling in danger of being trapped in consolidation mode.
5199 HIPEF

Kenanga net profit up two-fold

4h thestar.com.my
PETALING JAYA: Kenanga Investment Bank Bhd registered a two-fold increase in net profit to RM18.56mil for the first half ended June 30, compared with the corresponding period last year.
1818 BSMAF

Paramount Q2 earnings 134% higher on disposal of land

4h thestar.com.my
PETALING JAYA: Paramount Corp Bhd’s net profit for the second quarter to June 30, 2018 jumped 133.92% to RM42.3mil mainly attributable to the disposal of 9.4 acres of industrial land in Kota Damansara (KD). Without this contribution, profits would have been slightly lower.
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Claims against Ranhill dropped

5h thestar.com.my
In a filing with Bursa Malaysia, Ranhill said that it has been advised by its counsel for Ranhill Water Technologies (Cayman) Ltd (RWTC) that the claims have been dropped by the claimant, Wahtoting Holding Ltd.
1818 BSMAF

Gamuda gets offer to facilitate water restructuring

5h thestar.com.my
PETALING JAYA: Gamuda Bhd has received a letter of offer yesterday from Pengurusan Air Selangor Sdn Bhd (Air Selangor) setting out the termination of the existing operations and maintenance agreement of the Sungai Selangor Water Treatment Plant Phase 3 (SSP3 OMA) between Gamuda Water and Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash).
1818 BSMAF

Offer letter for Taliworks

5h thestar.com.my
PETALING JAYA: Taliworks Corp Bhd ’s unit Sungai Harmoni Sdn Bhd has received an offer letter to settle its outstanding receivables from its operations and maintenance of the first phase of Sungai Selangor Water Treatment Plant (SSP1).
1818 BSMAF

Construction, material stocks take a dive

5h thestar.com.my
PETALING JAYA: Several construction and building materials companies saw their share prices take a dive yesterday following the announcement on the cancellation of the East Coast Rail Link (ECRL) project.
1800 3204 3794 5226

Canopy Growth: Undervalued Canadian Cannabis King

2018-08-21 seekingalpha
Constellation Brands, one of the largest beer suppliers in the world, is investing $5 billion in Canopy Growth. (102-3)
4162 BATS CGC GS STZ STZ.B TWMJF WEED

Market report: US S&P 500 hits new high as it charges at bull run record

11h telegraph.co.uk
THE US stock market climbed to its highest ever level in afternoon trading in New York as it closed in on the longest bull run ever.
4162 BATS BBL BHP BHP BHPBF BHPLF BLT

Sime Darby Plantation, PetChem, E&O, MCT, Taliworks, Ranhill, Versatile Creative, AMMB, Sunway and Paramount

12h theedgemarkets
KUALA LUMPUR (Aug 20): Based on corporate announcements and news flow today, companies that will be in focus on Thursday (Aug 23) may include: Sime Darby Plantation Bhd, Petronas Chemicals Group Bhd, Eastern & Oriental Bhd, MCT Bhd, Taliworks Corp, Ranhill Holdings Bhd, Versatile Creative Bhd, AMMB Holdings Bhd, Sunway Bhd and Paramount Corp Bhd.
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Petronas Chemicals eyeing acquisitions to boost specialty business

18h theedgemarkets
KUALA LUMPUR (Aug 21): The chemical manufacturing unit of Malaysia's state energy firm Petronas is actively looking to acquire companies to expand its specialty chemical business, its chief executive officer said on Tuesday. (4-0)
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Gamuda gets offer letter from Air Selangor to buy SPLASH

13h theedgemarkets
KUALA LUMPUR (Aug 21): Gamuda Bhd said today it has received a letter of offer from Pengurusan Air Selangor Sdn Bhd for the acquisition of Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (SPLASH).
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Freight Management 4Q net profit falls 29%, pays 3.5 sen dividend

14h theedgemarkets
KUALA LUMPUR (Aug 21): Freight Management Holdings Bhd’s (FMHB) net profit fell 28.5% to RM4.17 million in the fourth financial quarter ended June 30, 2018 (4QFY18) from RM5.82 million a year ago, mainly due to share of losses of associate in Singapore-based TCH Marine Pte Ltd and impairment of advances in a joint venture.
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Versatile Creative MD, CFO fired; ex-Commissioner of Police joins board

14h theedgemarkets
KUALA LUMPUR (Aug 21): Versatile Creative Bhd said today it has fired its managing director (MD) Datuk Wong Kong Choong @ Leong Kong Choong and group chief financial officer (CFO) Tan Quok Eow from their employment with immediate effect for failing to satisfactorily answer the allegations made against them in the show-cause letters that were issued to them earlier.
1818 4995 BSMAF

WCE 1Q net profit up 4% on higher contribution from associates

14h theedgemarkets
KUALA LUMPUR (Aug 21): Highway construction company WCE Holdings Bhd’s net profit rose 3.8% to RM9.27 million in its first financial quarter ended June 30, 2018 (1QFY19), from RM8.93 million a year ago, mainly due to higher contribution from its associates.
1818 BSMAF

BHIC 2Q net profit down 70% as loss from associates weighs

14h theedgemarkets
KUALA LUMPUR (Aug 21): Boustead Heavy Industries Corp Bhd's(BHIC) second quarter net profit fell 70% year-on-year to RM7.22 million from RM23.94 million, as the group's revenue improvement was not enough to offset the increase in operating cost.
8133

Tambun Indah 2Q net profit down 23% on fewer on-going projects

15h theedgemarkets
KUALA LUMPUR (Aug 21): Tambun Indah Land Bhd saw its net profit fall 23.3% in the second quarter ended June 30, 2018 (2QFY18) to RM15.08 million from RM19.66 million a year ago, mainly due to fewer on-going projects as the Penang-based property developer adopts a cautious approach given the overall soft market condition.
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Carimin Petroleum suffers 4th straight quarterly net loss of RM15.94m

15h theedgemarkets
KUALA LUMPUR (Aug 21): Carimin Petroleum reported a net loss of RM15.94 million or 6.82 sen per share for the fourth quarter ended June 30, 2018 (4QFY18), compared with a net profit of RM1.60 million or 0.68 sen per share a year earlier.
1818 5257 BSMAF

Sunway posts lower Q2 net profit

15h thestar.com.my
KUALA LUMPUR: Sunway Bhd 's net profit for the second quarter ended June 30, 2018 declined to RM215.76mil from RM232.01mil recorded in the same period last year.
1818 BSMAF

BHIC looks beyond shipbuilding after Q2 profit drops

16h thestar.com.my
KUALA LUMPUR: Boustead Heavy Industries Corp Bhd is looking to expand beyond its core naval shipbuilding and ship repair business after earnings in the second quarter fell.
8133

Deleum's 2Q profit up 37% on improved trading conditions, change in USD value

16h theedgemarkets
KUALA LUMPUR (Aug 21): Deleum Bhd’s second quarter net profit grew 36.91% to RM9.17 million, from RM6.7 million a year earlier, mainly due to improved trading conditions and changes in the value of the US dollar.
1818 BSMAF

RM12.76m suit against Ranhill unit dropped

16h theedgemarkets
KUALA LUMPUR (Aug 21): Ranhill Holdings Bhd said today a suit filed in China against its wholly-owned unit Ranhill Water Technologies (Cayman) Ltd (RWTC) by Wahtoting Holding Ltd has been dropped.
1818 5272 BSMAF

Kotra Industries 4Q net profit more than double on higher forex gain, lower finance cost

16h theedgemarkets
KUALA LUMPUR (Aug 21): Kotra Industries Bhd saw its net profit more than double to RM5.57 million in the fourth quarter ended June 30, 2018 (4QFY18) from RM1.93 million last year due to higher foreign exchange (forex) gain, lower finance cost incurred and rationalisation of selling and administration expenses.
0002 1818 BSMAF

MCT buys Tropicana land to build RM265m luxury condominium

16h theedgemarkets
KUALA LUMPUR (Aug 21): MCT Bhd is acquiring a 7,143 sq m piece of leasehold land within Tropicana Golf & Country Resort in Bandar Damansara, Selangor from Tropicana Corp Bhd, controlled by tycoon Tan Sri Danny Tan Chee Sing, for RM42.3 million cash.
1818 BSMAF

Sunway’s Q2 net profit declines to RM215.8m

16h malaymail
KUALA LUMPUR, Aug 21 — Sunway Bhd’s net profit for the second quarter ended June 30, 2018 declined to RM215.76 million from RM232.01 million recorded in the same period last year.
1818 BSMAF

Versatile sacks MD, group financial officer over missing funds

16h thestar.com.my
KUALA LUMPUR: Packaging firm Versatile Creative Bhd has sacked managing director Datuk Wong Kong Choong @ Leong Kong Choong and group financial officer Tan Quok Eow over the missing RM2.3mil.
1818 4995 BSMAF

Gamuda Water has until Aug 27 to accept Air Selangor offer to takeover Splash

17h thestar.com.my
KUALA LUMPUR: Gamuda Bhd has received a letter of offer from Air Selangor, the state owned company, to takeover Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash).
1818 BSMAF

Muda Holdings 2Q net profit almost triples to RM11.49m

17h theedgemarkets
KUALA LUMPUR (Aug 21): Corrugated carton maker Muda Holdings Bhd's net profit almost tripled to RM11.49 million in the second quarter ended June 30, 2018 (2QFY18) from RM4.13 million a year ago, on lower cost of waste paper and higher selling price of industrial paper, coupled with better selling price of paper packaging products.
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Kenanga's 2Q net profit down 28% but expects FY18 to outperform FY17

17h theedgemarkets
KUALA LUMPUR (Aug 21): Kenanga Investment Bank Bhd’s net profit dropped 28.49% year-on-year to RM3.12 million in the second quarter ended June 30, 2018 (2QFY18) from RM4.36 million, it said in a filing with Bursa Malaysia today.
1818 BSMAF

Appeton maker Kotra net profit almost triple in Q4

18h thestar.com.my
Kotra product manager Lim Hoey Teing (right) handing over the sponsorship of Appeton products for the Penang Starwalk 2018 event to Star Media Group Bhd senior accounts servicing manager Eddie Fung on Aug 17.
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Vivocom's rights issue with warrants oversubscribed by 10.39%

18h theedgemarkets
KUALA LUMPUR (Aug 21): Vivocom Intl Holdings Bhd said today that its rights issue with warrants has been oversubscribed by 10.39%.
1818 BSMAF

Malaysia stocks close higher ahead of holiday

18h theedgemarkets
KUALA LUMPUR (Aug 21): Malaysia stocks closed marginally higher today, ahead of the Hari Raya Haji public holiday tomorrow (Aug 22).
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Taliworks has till Aug 27 to accept Air Selangor's terms of settlement

18h theedgemarkets
KUALA LUMPUR (Aug 21): Taliworks Corp Bhd has today received a letter of offer from Pengurusan Air Selangor Sdn Bhd, as part of the latter's acquisition of Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (SPLASH).
1818 BSMAF

Suria Capital 2Q net profit up slightly on higher operating revenue

18h theedgemarkets
KUALA LUMPUR (Aug 21): Suria Capital Holdings Bhd’s net profit rose 2.92% to RM15.21 million for the second financial quarter ended June 30, 2018, from RM14.78 million a year ago, on the back of higher operating revenue.
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Bursa Malaysia ends at intra-day high

18h malaymail
KUALA LUMPUR, Aug 21 — Bursa Malaysia finished higher today with the benchmark index ending at its intra-day high, lifted by last-minute buying in industrial production and plantation stocks led by Petronas Gas and IHH Healthcare, dealers said.
1295 1818 5225 6033 7036 BSMAF IHHHF PBLOF PNADF PNAGF Q0F

Trade War Costs To Consumers, Companies, And Nations

2018-08-20 seekingalpha
The level of U.S. tariffs on Chinese products and the number of goods they cover are constantly changing as the trade dispute between the world's two largest economies escalate. To help investors evaluate the possible macroeconomic impact from the trade war, we put together a back-of-the-envelope economic analysis (Figure 1). Like any similar approach, it contains many simplifying assumptions and will not fully capture the complex reality of the dispute's economic impact, but it will provide a framework for evaluating the effects on inflation, corporate profits, Federal revenues, and Chinese GDP. (38-0)
7018 AMZN CME GOOG GOOGL

Short selling of Gabungan AQRS, HSS Engineering shares suspended

19h theedgemarkets
KUALA LUMPUR (Aug 21): Proprietary day traders (PDT) and intraday short selling (IDSS) activities were suspended today for construction players Gabungan AQRS Bhd and HSS Engineering Bhd after their shares dropped more than 15 sen or 15% from their reference price.
5226

No longer a pipe dream?

19h theedgemarkets
FINALLY, the decade-long water impasse in Selangor looks like it is nearly over as parties owning Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash) have indicated their acceptance of a RM2.55 billion offer by the state for the water concessionaire’s assets.
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Petronas Chemicals to venture into specialty chemicals

20h thestar.com.my
Deputy Minister of International Trade & Industry, Dr Ong Kian Ming and Petronas president & group CEO Tan Sri Wan Zulkiflee Wan Ariffin at the launch of Petronas Chemicals Group Bhd (PCG) 10 new product brands.
5183 PECGF

Buzz: Petronas Gas faces support at key levels — technicals

20h theedgemarkets
** Gas infrastructure and utilities firm's stock faces strong support at its 200-day exponential moving average
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Bursa firmer at mid-afternoon

21h malaymail
KUALA LUMPUR, Aug 21 — Bursa Malaysia stayed firm at mid-afternoon on continued support for selected heavyweights, led by industrial products and trade and services-related counters, dealers said.
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AmBank Group starts new fiscal year on positive note

22h theedgemarkets
KUALA LUMPUR (Aug 21): AMMB Holdings Bhd's (AmBank Group) net profit rose 5.9% to RM347.59 million in the first financial quarter ended June 30, 2018 (1QFY19) from RM328.27 million a year ago, supported by higher net interest income (NII).
1015 AMMHF

Fed's solo act faces tremors in Turkey and a slower Europe

22h theedgemarkets
WASHINGTON/SAN FRANCISCO (Aug 21): The US Federal Reserve, deep into a cycle of rate hikes it hopes to continue into 2020, now faces emerging risks from abroad that could short-circuit its plans. (1-0)
7018 CME NTRS NTRSP

CJ, Edaran, Focus Lumber, Focus Point, GUH, Heng Huat, Kronologi, Y.S.P.

22h theedgemarkets
KUALA LUMPUR (Aug 21): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. All eight stocks displayed negative momentum.
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CIMB Niaga to issue sub-debt to meet OJK ruling

22h theedgemarkets
CURIOSITY was aroused in banking circles when PT Bank CIMB Niaga Tbk, the Indonesian subsidiary of CIMB Group Holdings Bhd, did not release its half-year financial results by end-July as it normally tends to do. The delay, according to sources, relates to an upcoming move by CIMB Niaga to raise additional capital.
1023 1155 CIMDF MLYBY MLYNF PBPJF