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Berjaya Land posts RM99.9mil loss in Q3

KUALA LUMPUR: Berjaya Land Bhd said it had to make a huge impairment charge in the third quarter because of a dispute over the balance of sales proceeds the company was supposed to receive from the disposal of a project in China two years ago. (4-0)

Berjaya Land issues notice of demand to Beijing SkyOcean for RM601m

Tags / Keywords: Corporate News , SkyOcean Holdings Group , Berjaya China Great Mall Co Ltd

Court decides in BLand’s favour on Selangor Turf Club issue

The plan to relocate the Selangor Turf Club was made more than a decade ago, but the state government has not exactly been racing to approve the project.

Breakfast briefing: Tuesday, September 26

MarketWatch: Wall Street dipped on Monday, as a selloff in technology shares weighed heavily on the Nasdaq, while the most recent statement from North Korea’s to Washington added to a cautious tone. The DJIA fell 53.84 points, or 0.24%, to 22,295.75, the S&P 500 lost 5.56 points, or 0.22%, to 2,496.66 and the Nasdaq dropped 56.33 points, or 0.88%, to 6,370.59. - Reuters (289-0)

Aeon Credit, Axiata,TM, Utusan, PLB, Scomi, Systech, Mitrajaya, Mexter, Gamuda, Berjaya Land, Hiap Teck Venture, ML Global, Iris, Integrated Logistics and Jaycorp

2017-03-23 theedgemarkets
KUALA LUMPUR (March 23): Based on corporate announcements on Bursa Malaysia and news flow today, companies that may be in focus on Friday (March 24) could include the following: Aeon Credit Service (M) Bhd, Axiata Group Bhd, Telekom Malaysia Bhd, Utusan Melayu Malaysia Bhd, PLB Engineering Bhd, Scomi Group Bhd, Systech Bhd, Mitrajaya Holdings Bhd, Mexter Technology Bhd, Gamuda Bhd, Berjaya Land Bhd, Hiap Teck Venture Bhd, ML Global Bhd, Iris Corp Bhd, Integrated Logistics Bhd and Jaycorp Bhd.

KLCI may rebound in line with Wall Street recovery

2017-03-22 theedgemarkets
KUALA LUMPUR (March 23): The FBM KLCI may stage a mild technical rebound this morning in line with the overnight recovery at Wall Street, and retrace back to above the 1,750-point level.

FGV, Metronic Global, Halex Holdings, Uzma, Berjaya Land, Poh Huat Resources, Leon Fuat, AirAsia, Luster Industries and DRB-Hicom

2017-03-22 theedgemarkets
KUALA LUMPUR (March 22): Based on corporate announcements and news flow today, companies that may be in focus on Thursday (March 23) may include the following: Felda Global Ventures Holdings Bhd, Metronic Global Bhd, Halex Holdings Bhd, Uzma Bhd, Berjaya Land Bhd, Poh Huat Resources Holdings Bhd, Leon Fuat Bhd, AirAsia Bhd, Luster Industries Bhd and DRB-Hicom Bhd.

Berjaya Land to sell Vietnam operations for RM65mil

PETALING JAYA: Berjaya Land Bhd (BLand) will be exiting its Vietnam-based Berjaya Long Beach LLC (BLong Beach) business, as it will be selling its entire stake in the latter to Sulyna Hospitality Hotel Restaurant Travel Service Co Ltd for 333.25 billion dong or RM65.32mil.

Heineken, Boustead Plantations, BLand, Gas Malaysia, RCE Capital, Wah Seong, Wong Engineering and DNeX

2017-02-15 theedgemarkets
KUALA LUMPUR (Feb 15): Based on corporate announcements and news flow today, companies that will be in focus tomorrow (Thursday, Feb 16) may include: Heineken Malaysia Bhd, Boustead Plantations Bhd, Berjaya Land Bhd (BLand), Gas Malaysia Bhd, RCE Capital Bhd, Wah Seong Corp Bhd, Wong Engineering Corp Bhd and Dagang NeXchange Bhd (DNeX). 

Treasury Pulse

Following a subdued week, the Dollar Index gained this week by +0.2%, closing at 100.38 on Thursday supported by the sell off in the US money market. Dow Jones Industrial Average hit the 20,000 milestone on Thursday, closing at 20,100.91 on the back of robust expectations for corporate earnings and pro-growth policies. S&P 500 gained +1.1% led by funds following into materials, banks, financials, consumer discretionary and info tech.

KLCI reverses loss, edges up 0.2%

2016-12-29 theedgemarkets
KUALA LUMPUR (Dec 29): The FBM KLCI reversed its earlier losses at the midday break and edged up 0.2% on some mild window-dressing activities.

Breakfast briefing: Wednesday, December 21

MarketWrap: US equities touched record highs on Tuesday and the dollar rose to its highest level in 14 years as markets shrugged off risk aversion and continued the rally that has elevated Wall Street since Election Day. - Reuters The DJIA rose 91.56 points, or 0.46%, to 19,974.62, the S&P 500 gained 8.23 points, or 0.3%, to 2,270.76 and the Nasdaq added 26.50 points, or 0.49%, to 5,483.94. Forex summary *The ringgit was up 0.

Lack of fresh catalysts to keep lid on local index

2016-12-20 theedgemarkets
KUALA LUMPUR (Dec 21): The FBM KLCI is expected to remain trading sideways today, despite the overnight rally at Wall Street, as a lack of fresh catalysts will likely keep a lid on the local market.

Priceworth International, AirAsia, George Kent, UMW Holdings, Berjaya Land, Greenyield, Yinson

2016-12-20 theedgemarkets
KUALA LUMPUR (Dec 20): Based on corporate announcements and news flow today, companies that may be in focus on Thursday (Dec 21) could include: Priceworth International Bhd, AirAsia Bhd, George Kent (Malaysia) Bhd, UMW Holdings Bhd, Berjaya Land Bhd, Greenyield Bhd and Yinson Holdings Bhd.

Breakfast briefing: Wednesday, November 30

MarketWrap: US stocks edged higher on Tuesday as an upbeat outlook from UnitedHealth lifted health insurers, though a sharp drop in oil prices weighed on energy shares and limited the advance. - Reuters The DJIA rose 23.7 points, or 0.12%, to 19,121.6, the S&P 500 gained 2.94 points, or 0.13%, to 2,204.66 and the Nasdaq added 11.11 points, or 0.21%, to end at 5,379.92. Forex summary *The ringgit gained 0.