Company Overview and News
THIS week has not been great for stocks. The Dow Jones and S&P 500 have had six consecutive days of straight declines with big plunges on Wednesday and Thursday.
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KUALA LUMPUR, Oct 11 — Bursa Malaysia ended in the red amid broad selling activities and in line with Asian markets as investors remained on the sidelines on heightened volatility in the global markets, said a dealer.
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KUALA LUMPUR (Oct 11): The FBM KLCI dropped 26.69 points or 1.54% today to end at 1,708.49 in tandem with Asian shares on what appeared to be a knee-jerk reaction to US stocks' overnight tumble.
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KUALA LUMPUR, Oct 11 — Bursa Malaysia extended its losses at the opening today in line with Wall Street’s weaker performance overnight on concerns over global growth prospects.
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KUALA LUMPUR: Malaysia could see a flurry of merger and acquisition (M&A) activities in the coming months, as the government looks to pare down direct ownership in companies to raise funds, according to the chief executive of CIMB Investment Bank.
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KUALA LUMPUR (Oct 10): Malaysia could see a flurry of merger and acquisition (M&A) activity in the coming months as the government looks to pare down direct ownership in companies to raise funds, the chief executive of CIMB Investment Bank said.
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The resignation of CEO and MD of ICICI Bank Chanda Kochhar, amid conflict of interest allegations, shocked the banking sector recently. A whistle-blower had had alleged that ICICI Bank granted loans to Videocon Group, whose promoter Venugopal Dhoot had investments in NuPower Renewables, owned by the banker's husband Deepak Kochhar. The incident has brought back memories of top company executives who have stepped down over controversies.
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Healthcare sector Maintain positive: Malaysia’s public spending on healthcare as a percentage of gross domestic product (GDP) has breached 4% since 2015. Nonetheless, with the current rate at about 4.4%, it is still one of the lowest in the region. To put things into perspective, Malaysia’s neighbouring emerging economies such as Cambodia and the Philippines recorded higher healthcare expenditure as a percentage of GDP at a rate close to 6% of their GDP.
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KUALA LUMPUR: JF Apex Research expects T7 Global Bhd , Reach Energy Bhd and IHH Healthcare Bhd to be among the stocks to watch following their latest news.
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CIMB Equities Research is positive on IHH Healthcare’s move to consolidate its interest in Acibadem Saglik Yatirimlari Holdings (Acibadem) in Turkey to about 90%.
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KUALA LUMPUR (Oct 8): Based on corporate announcements and news flow today, companies in focus on Tuesday (Oct 9) may include: UEM Sunrise Bhd, T7 Global Bhd, Reach Energy Bhd, MMC Corp Bhd, Gamuda Bhd, MCE Holdings Bhd and IHH Healthcare Bhd.
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2018-10-01 - Asif
Overview The following discussion and analysis should be read in conjunction with its unaudited interim condensed consolidated financial statements and the related notes that appear elsewhere in this quarterly report on Form 10-Q. This discussion contains forward-looking statements reflecting its current expectations that involve risks and uncertainties. Actual results may differ materially from those discussed in these forward-looking statements due to a number of factors, including those set forth in the section entitled “Risk Factors” in its most recent annual report on Form 10-K. For further information regarding forward-looking statements, please refer to the “Special Note Regarding Forward-Looking Statements and Projections” immediately after the index to this quarterly report on Form 10-Q. Alimera Sciences, Inc., and its subsidiaries (we or Alimera), is a pharmaceutical company that specializes in the commercialization and development of prescription ophthalmic pharma...
2018-09-25 - Asif
Background DelMar Pharmaceuticals, Inc. is a clinical stage drug development company with a focus on the treatment of cancer. The company's mission is to benefit patients and create shareholder value by developing and commercializing anti-cancer therapies for patients whose tumors exhibit features that make them resistant to, or unlikely to respond to, currently available therapies, particularly for orphan cancer indications where patients have failed, or are unlikely to respond to, currently available therapy. DelMar Pharmaceuticals is developing VAL-083, a novel, DNA-targeting agent, for the treatment of glioblastoma multiforme (“GBM”) and potentially other solid tumors, including ovarian cancer. VAL-083 is a first-in-class, DNA-targeting chemotherapeutic that demonstrated activity against a range of tumor types in prior Phase 1 and Phase 2 clinical studies sponsored by the US National Cancer Institute (“NCI”). The company's recent research has highlighted the opportunit...
2018-09-18 - Asif
Overview Rigel Pharmaceuticals is a biotechnology company dedicated to discovering, developing and providing novel small molecule drugs that significantly improve the lives of patients with immune and hematologic disorders, cancer and rare diseases. The company's pioneering research focuses on signaling pathways that are critical to disease mechanisms. The company's first FDA-approved product is TAVALISSE™ (fostamatinib disodium hexahydrate), an oral spleen tyrosine kinase (SYK) inhibitor, for the treatment of adult patients with chronic immune thrombocytopenia who have had an insufficient response to a previous treatment. The company's current clinical programs include Phase 2 studies of fostamatinib in autoimmune hemolytic anemia and IgA nephropathy, and a Phase 1 study for its IRAK program. In addition, Rigel Pharmaceuticals has product candidates in development with partners BerGenBio AS, Daiichi Sankyo, and Aclaris Therapeutics. Since inception, Rigel Pharmaceuticals h...