Company Overview and News
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The SC said in a statement that the seven remaining companies were Affin Holdings Bhd, Alliance Bank Bhd, Batu Kawan Bhd, Fraser & Neave Holdings Bhd, Genting Plantations Bhd, Genting Malaysia Bhd and UOA Development Bhd. Currently, the SC and the 30% Club Malaysia have been actively engaging the companies. (15-0)
A study by Khazanah Research Institute found that Malaysia ranked 106 out of 144 in the region in terms of women participating in the workforce. — Reuters picKUALA LUMPUR, Jan 21 — The lipstick squad is off to a great start this year with the Securities Commission (SC) announcing today that there are only seven public- listed companies in the top 100 nationwide that still have an all-male boardroom. (13-0)
PETALING JAYA: The move to suspend crude palm oil (CPO) export taxes for three months is positive for Malaysian planters as it will help boost exports of the commodity. (12-0)
THE KL-Singapore high-speed rail (HSR) project, which some have heralded as a “game-changer”, looks set to play a big role in the country’s transformation plan... not just in the way of public transport, but also in terms of property development. (8-0)
KUALA LUMPUR: IJM Corp, Prestariang, Kerjaya Prospek are among the stocks to watch on Thursday, according to JF Apex Research. (1-0)
The company told Bursa Malaysia yesterday that revenue for the current quarter improved year-on-year (y-o-y), mainly due to higher fresh fruit bunch (FFB) production from Indonesia, apart from the higher sales of refined palm products. (5-0)
Regional flavour: Sime Darby will retain the trading and logistics businesses which are concentrated on the distribution and selling of motor vehicles as well as heavy equipment. (16-0)
The diversified conglomerate, whose business covers casinos; leisure and entertainment; plantation; power; as well as oil and gas, is seeing improving prospects across most of its divisions, especially gaming, thanks to increasingly positive market conditions. (11-0)
KUALA LUMPUR: The FBM KLCI found itself in the red at midday break as counters including F&N and MAHB weighed. (11-0)
KUALA LUMPUR, Aug 18 — Genting Plantations Bhd’s indirect subsidiary, AsianIndo Holdings Pte Ltd, has entered into a conditional sale and purchase agreement with Lee Rubber Company (Pte) Ltd to acquire its 100 per cent stake in Knowledge One Investment Pte Ltd (KOI) for US$94.97 million (RM407.2 million).
Kenanga Research, in its latest report, said planters with high plantations exposure in Peninsular Malaysia such as Sime Darby Bhd, IOI Corp Bhd, Kuala Lumpur Kepong Bhd (KLK), Felda Global Ventures Holdings Bhd (FGV) and United Malacca Bhd could see higher-than-average production growth trends.
Mall traffic has been facing challenges due to a change in shopping patterns, with online shopping taking precedence over in-store purchase. As a result, demand for retail real estate space has been diminishing of late, as changing shopping patterns are compelling retailers to reconsider their footprint, and eventually opt for store closures or file bankruptcies. This has become a pressing concern for the retail REITs like Simon Property Group Inc.
Lower prices: A file picture showing workers standing near oil palm fruits inside a palm oil factory in Sepang. The CPO price has dropped by over 22 so far this year. – Reuters