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KUALA LUMPUR: Kenanga Investment Bank Research has upgraded Pantech Group Holdings Bhd to an “outperform” with a higher target price of 75 sen and also revised FY18-19E earnings by 14% following the strong 1Q18 results.
KUALA LUMPUR: The Federal Land Development Authority (Felda) has confirmed that the Rajawali Group has secured the Indonesian authorities’ approval to sell a non-controlling stake in Indonesian palm oil company PT Eagle High Plantations Tbk for US$505.4 million (RM2.24 billion) to Felda.
KUALA LUMPUR: While views may be divided over whether Koperasi Permodalan Felda Malaysia Bhd’s (KPF) sale of five million shares in Felda Global Ventures Holdings Bhd (FGV) is anything out of the ordinary, the move certainly raises eyebrows.
MarketWrap: A gauge of global equity markets climbed to a one-week high on Tuesday, lifted by rising commodity prices and a strong bounce in Europe, while solid corporate earnings helped drive share prices higher. Wall Street rose after a raft of stronger-than-expected results from UnitedHealth Group Inc, Netflix Inc and Goldman Sachs Group Inc, among others. - Reuters The DJIA rose 75.54 points, or 0.
KUALA LUMPUR (Oct 19): Shares of Pantech Group Holdings Bhd fell 3.45% in early trade today after its net profit plunged 51% to RM5.14 million or 0.84 sen per share for the second financial quarter ended Aug 31, 2016 (2QFY17), from RM10.43 million or 1.72 sen per share a year earlier.
KUALA LUMPUR (Oct 19): The FBM KLCI is expected to trend higher today and gear towards its 1,672 hurdle, in line with the overnight advance at most global markets.
KUALA LUMPUR (Oct 18): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Wednesday, Oct 19) could include: Top Glove Corp Bhd, Pasdec Holdings Bhd, Selangor Dredging Bhd, HeiTech Padu Bhd, Pantech Group Holdings Bhd, Tanjung Offshore Bhd and DBE Gurney Resources Bhd.
KUALA LUMPUR (July 22): The FBM KLCI is expected to come under pressure again today, in line with the overnight fall at most global markets, as well as the ripples created by the actions of the United States Department of Justice to sue on Wednesday to seize more than US$1 billion in assets they said were tied to money stolen from state fund 1Malaysia Development Bhd.
KUALA LUMPUR (July 21): Based on corporate announcements and newsflow today, companies in focus tomorrow (July 22) may include: CIMB, Gromutual, Pantech, Scomi Engineering, Public Bank and Sime Darby.
KUALA LUMPUR (April 14): Shares on Bursa Malaysia are expected to extend their gains today in line with the overnight uptrend at most global markets.
KUALA LUMPUR (April 13): Based on corporate announcements and news flow today, companies that will be in focus tomorrow (Thursday, April 14) may include: Muhibbah Engineering (M), Jaycorp, AirAsia X (AAX), PWF Consolidated, Green Packet, Ann Joo Resources, CCK Consolidated Holdings, Pantech Group Holdings, Edaran, YNH Property, Zhulian Corp and ECS ICT.
PILGRIM fund Lembaga Tabung Haji’s (LTH) portfolio of investments on the local bourse are a mixed bag of defensive and capital-intensive stocks, Bloomberg data shows.