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Company Overview and News
KUALA LUMPUR: PT Bank CIMB Niaga Tbk,a unit of CIMB Group Holdings Bhd , reported a consolidated net profit of 1.8 trillion rupiah in the first half of 2018 on lower provisions for bad loans.
KUALA LUMPUR (Aug 15): PT CIMB Niaga Tbk, a 92.5%-owned Indonesian arm of CIMB Group Holdings Bhd, today reported a 28.1% year-on-year (y-o-y) rise in its consolidated net profit to IDR1.8 trillion for the first half of 2018 (1H18), on the back of higher non-interest income (NII) and lower provision expenses.
KUALA LUMPUR/DUBAI (Aug 14): Abu Dhabi sovereign fund Mubadala Investment Company has offered to sell around US$150 million worth of shares in Malaysia's RHB Bank Bhd in a block trade on Tuesday, sources familiar with the deal said.
1023 1015 PBLOF AMMHF 1295 CIMDF
KUALA LUMPUR, Aug 14 — Abu Dhabi sovereign fund Mubadala Investment Company has offered to sell around US$150 million (RM614 million) worth of shares in Malaysia’s RHB Bank Bhd in a block trade today, sources familiar with the deal said.
1023 1015 PBLOF AMMHF 1295 CIMDF
BANKS are likely to post sequentially weaker earnings in the second quarter, hurt by markedly softer capital markets and a period of slowdown due to uncertainties following the country’s general election on May 9.
1155 1023 1015 PBLOF MLYBY MLYNF HYFXF HYFXY AMMHF 1295 CIMDF
KUALA LUMPUR (Aug 14): Any trade diversion to Asean — which includes Malaysia — due to the trade tension between the US and China, is unlikely to outweigh the trade losses that will arise from higher tariffs that are expected to curb global growth, should the situation escalate into a full-blown trade war, according to CIMB Group Holdings Bhd's chief economist Dr Donald Hanna.
KUALA LUMPUR (Aug 13): The FBM KLCI is seen starting the week on a flat note and struggle to defend the 1,800-point level, tracking the weaker close at most global markets last Friday.
7223 7168 7027 0082 5246 9695 5025 5014 CIMDF 1023 5754 4995 7219 MYPRY
KUALA LUMPUR, Aug 10 ― CIMB Group Holdings Bhd is set to complete its pan-Asian strategic partnership with China Galaxy Securities Co Ltd (CGS) following the receipt of Bank Negara Malaysia's (BNM) approval to form a Malaysia stockbroking joint venture (JV).
KUALA LUMPUR (Aug 10): CIMB Group Holdings Bhd has received Bank Negara Malaysia's (BNM) approval to incorporate a Malaysia-based joint venture (JV) company as the holding company of Jupiter Securities Sdn Bhd — the platform that will be used for the Malaysia stockbroking business of CIMB and China Galaxy Securities Co Ltd.
521105 1023 3018 OLYMPTX CIMDF
KUALA LUMPUR (Aug 10): Based on corporate announcements and news flow today, stocks in focus on Monday may include the following: Malaysia Smelting Corp Bhd, Westports Holdings Bhd, YFG Bhd, Marine & General Bhd, NWP Holdings Bhd, Minetech Resources Bhd, Green Packet Bhd, Malaysia Airports Holdings Bhd, PRG Holdings Bhd, CIMB Group Holdings Bhd, Utusan Melayu (Malaysia) Bhd, Versatile Creative Bhd, PLS Plantations Bhd, Petrol One Resources Bhd and Jadi Imaging Holdings Bhd.
7223 7168 7027 0082 5246 9695 7099 5025 5014 CIMDF 1023 5754 4995 7219 MYPRY
The FBM KLCI bucked global market trend last week and closed higher for the fourth week. It increased 0.6% in a week to 1,780.09 points last Friday. The index climbed to a two-month high last Wednesday at 1,788.31 points before pulling back on profit-taking. Surprisingly, foreign institutions were net buyers despite the weakening ringgit. Commodity-based stocks, which benefit from a weaker ringgit, helped support the market.
1023 4863 5225 AAPL MYPRY MYTEF Q0F IHHHF 5014 7277 CIMDF
KUALA LUMPUR: Tan Sri Azman Mokhtar has left an enduring legacy at Khazanah Nasional Bhd, the government strategic investment fund he had helmed for slightly more than 14 years.
5014 CIMDF 1023 4863 5347 5225 TNABY 6888 MYPRY AXXTF MYTEF TNABF Q0F IHHHF
KUALA LUMPUR: Malaysia's Khazanah Nasional will likely cut stakes in some top state-linked firms as the government overhauls the sovereign wealth fund's investment strategy, after revamping its board last week, to boost transparency and slash national debt.
1023 4863 5225 6888 AXXTF MYTEF Q0F IHHHF CIMDF
CIMB Group Holdings Bhd (July 31, RM5.84) Maintain hold with a lower target price (TP) of RM6.30: The key takeaway from our company visit is that second quarter financial year 2018 (2QFY18) results will likely be subdued for the group, amid topline weakness in both net interest income (NII) and non-interest income (NOII).
2018-08-13 - Asif
Core Business At Ballard, Ballard Power Systems is building a clean energy growth company. Ballard Power Systems is recognized as a world leader in proton exchange membrane (“PEM”) fuel cell power system development and commercialization. The company's principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on its power product markets of Heavy-Duty Motive (consisting of bus, truck, rail and marine applications), Portable Power, Material Handling and Backup Power, as well as the delivery of Technology Solutions, including engineering services, technology transfer, and the license and sale of its extensive intellectual property portfolio and fundamental knowledge for a variety of fuel cell applications. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. The hydrogen fuel can be obtained from natural g...
2018-08-13 - Asif
Overview Marathon Patent Group was incorporated in the State of Nevada on February 23, 2010 under the name Verve Ventures, Inc. On December 7, 2011, the company changed its name to American Strategic Minerals Corporation and were engaged in exploration and potential development of uranium and vanadium minerals business. In June 2012, the company discontinued its minerals business and began to invest in real estate properties in Southern California. In October 2012, the company discontinued its real estate business when its former CEO joined the firm and the company commenced its IP licensing operations, at which time the Company’s name was changed to Marathon Patent Group, Inc. On November 1, 2017, the company entered into a merger agreement with Global Bit Ventures, Inc. (“GBV”), which is focused on mining digital assets. Marathon Patent Group has since purchased its cryptocurrency mining machines and established a data center in Canada to mine digital assets. Following the me...
2018-08-13 - Asif
Business and Organization Endocyte, Inc. is a biopharmaceutical company and leader in developing targeted therapies for the treatment of cancer. The Company uses drug conjugation technology to create novel therapeutics and companion imaging agents for personalized targeted therapies. The agents actively target receptors that are over-expressed on diseased cells relative to healthy cells, such as prostate specific membrane antigen (“PSMA”) in prostate cancer. This targeted approach is designed to safely enable the delivery of highly potent drug payloads. The companion imaging agents are designed to identify patients whose disease over-expresses the target of the therapy and who are therefore more likely to benefit from treatment. In September 2017, the Company entered into a Development and License Agreement (the “License Agreement”) with ABX advanced biochemical compounds – Biomedizinische Forschungsreagenzien GmbH (“ABX”), pursuant to which the Company acquired exclusive ...