Company Overview and News

Rev Asia rises 5.97% on positive technicals

2018-10-02 theedgemarkets
KUALA LUMPUR (Oct 2): Rev Asia Bhd (Rev) rose 5.97% in early trade this morning following a positive technical outlook on the stock.

Rev Asia in position to trade higher, says AllianceDBS Research

2018-10-01 theedgemarkets
KUALA LUMPUR (Oct 2): AllianceDBS Research said Rev Asia Bhd (Rev) had on Oct 1 crossed over the 33 sen hurdle to reach a high of 34.5 sen before settling at 33.5 sen (up 1.5 sen or 4.68%).

Media Prima partners Ziff Davis to offer new Mashable site in Malaysia

2018-09-25 theedgemarkets
KUALA LUMPUR (Sept 25): Media Prima Bhd's wholly-owned subsidiary Rev Asia Holdings Sdn Bhd has entered into an agreement with US-based digital media company Ziff Davis LLC to operate Mashable Southeast Asia ( for audiences across Indonesia, Malaysia, the Philippines and Singapore.
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PNB arrangement seen unlocking Media Prima’s property value

2018-09-04 theedgemarkets
Media Prima Bhd (Sept 3, 45 sen) Maintain neutral with a higher target price of 49 sen: Media Prima Bhd’s second quarter of the financial year ended June 30, 2018 (2QFY18) revenue grew 4.1% year-on-year (y-o-y), mainly driven by higher digital advertising and home shopping revenue. The group reduced its reliance on traditional businesses from 88% in the first half of FY17 (1HFY17) to 77% in 1HFY18.
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Elsoft, Mieco, Choo Bee, Evergreen, Karyon, Rev Asia

2018-08-15 theedgemarkets
KUALA LUMPUR (Aug 15): highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks displayed positive momentum and four showed negative momentum.
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Shake-up in government funds

There are many others that are unable to meet their obligations and they were all previously under Ministry of Finance Inc (MoF). Towards this end, the government has now placed many of the funds under the Energy, Science, Technology, Environment and Climate Change Ministry, led by Yeo Bee Yin(pic).
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KLCI seen opening lower, tracking global markets, support at 1,750

2018-07-31 theedgemarkets
KUALA LUMPUR (July 31): The FBM KLCI is seen opening lower today, tracking the overnight losses at most global markets.
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Top Glove, JAKS, Star Media, MBSB, Barakah Offshore, Handal Resources, Fima Corp, Datasonic, New Hoong Fatt, Rev Asia and Tadmax

2018-07-30 theedgemarkets
KUALA LUMPUR (July 30): Based on corporate announcements and news flow today, companies in focus on Tuesday (July 31) may include: Top Glove Corp Bhd, JAKS Resources Bhd, Star Media Group Bhd, Malaysia Building Society Bhd, Barakah Offshore Petroleum Bhd, Handal Resources Bhd, Fima Corp Bhd, Datasonic Group Bhd, New Hoong Fatt Holdings Bhd, Rev Asia Bhd and Tadmax Resources Bhd
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Rev Asia inks MoU in bid to regularise GN2 condition

2018-07-30 theedgemarkets
KUALA LUMPUR (July 30): Rev Asia Bhd signed a memorandum of understanding today with its largest shareholder Catcha Group Pte Ltd to look into acquiring a majority stake in a foreign group.
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Tech: KL Internet City looking for an alternative site

2018-07-04 theedgemarkets
A less frequently talked about component of the Digital Free Trade Zone is KL Internet City (KLIC), a RM5 billion development meant to be a digital hub for global technology companies in Bandar Malaysia. However, due to uncertainties over the new government’s plans for Bandar Malaysia, KLIC’s master developer, Catcha Group Pte Ltd, has been looking for an alternative site.
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Rev Asia

REV Asia Bhd is seeing some upside momentum even as the share price challenges the immediate resistance level in a possible breakout attempt. At the day's high of 31 sen, the stock has passed the 30 sen hurdle, and met with the 100-day simple moving average (SMA). Should the counter break free of these obstacles, it would move out of consolidation mode, which it has been trapped in since April an move higher towards an ensuing resistance of 36 sen.

Digital, commerce seen to be Media Prima’s growth driver

2018-06-13 theedgemarkets
Media Prima Bhd (June 12, 53 sen) Upgrade to neutral with a higher target price of 42 sen: Media Prima Bhd narrowed its loss by 43.3% in the recent quarter. Quarterly revenue increased for the first time in first quarter of financial year 2018 (1QFY18) (+3.1% year-on-year [y-o-y]) since 3QFY13 as the digital and commerce revenue growth outpaced the drop in TV revenue. The decline in print revenue also narrowed to only 0.
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Serm, Drew re-elected MDA president and vice-president

THE Malaysian Digital Association (MDA) has re-elected Serm Teck Choon, Malaysia country head of CtrlShift, and Nick Drew, head of agency of Google Malaysia, as the president and vice-president at the association’s recent AGM.
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