Company Overview and News

KLCI pares gains as Trump threatens more tariffs on China

2018-10-15 theedgemarkets
KUALA LUMPUR (Oct 15): The FBM KLCI pared some of its gains at midday break, as regional markets remained jittery with U.S.President Donald Trump threatening to impose another round of tariffs on China.
HLFBF 5183 PECGF 1082 7113 5681 TPGVF 7006 5168 5014 9334 6033 5199 TGLVY 5238 4588 PNADF MYPRY HIPEF PNAGF HRGHY

KLCI rises 0.24% as blue chips lift

2018-10-15 theedgemarkets
KUALA LUMPUR (Oct 15): The FBM KLCI rose 0.24% at mid-morning today, defending its level above the 1,730-point level, lifted by gains at select blue chips.
HLFBF 7293 BRDBF MLYNF 7113 TPGVF 2089 5199 5210 3026 2836 HIPEF GEBHF HRGHY 5183 MLYBY PECGF UPBMF 1082 5681 5168 TGLVY 5436 5238 1155 0047

Red Wings powered by BPN wins global media duties for AirAsia, AirAsia X

IPG Mediabrands has announced that BPN, the media agency under the IPG Mediabrands network, has been awarded global media duties for AirAsia Bhd and AirAsia X Bhd following a competitive pitch process that spanned 23 markets.

AirAsia X expected to return to the black in FY19

2018-10-12 theedgemarkets
AirAsia X Bhd (Oct 11, 24.5 sen) Downgrade to neutral with a lower target price (TP) of 26 sen: Losses could widen in the third quarter of financial year 2018 (3QFY18). Recall that AirAsia X Bhd’s (AAX) net profit slumped into the red in the first half of FY18, as a result of elevated fuel cost. On average, fuel price came in +33.7% year-on-year higher from US$54.6 per barrel since December 2017. Largely, this was attributable to the anticipated US sanctions on Iranian oil exports, shale bottlenecks and Venezuelan turmoil.

Aviation sector expected to see major airport reforms

2018-10-11 theedgemarkets
Aviation Sector Maintain neutral: The key thrust of Transport Minister Anthony Loke’s address at the “Malaysia: A New Dawn” conference on Tuesday, was that the country’s interests will be best served with airports and airlines working together to enable more flights and draw more tourists. Hence, airports need to expand, and airlines should be given the full support needed to grow.
5238 MYPRY 5014

KLCI sinks 2.75% amid regional sea of red

2018-10-11 theedgemarkets
KUALA LUMPUR (Oct 11): The FBM KLCI lost 2.75% at mid-morning today, tracking the sea of red across regional markets.
UPBMF 7036 5681 BATS 4162 2089 6033 5199 5139 5238 PNADF 5347 1201 3867 0900 TNABY TNABF HIPEF PNAGF 3719

Bursa Malaysia lower at mid-day

2018-10-10 malaymail
KUALA LUMPUR, Oct 10 ― Bursa Malaysia ended the morning session sharply lower on broad selling activities in the market.
5238 PNADF PBLOF 5220 1295 BSMAF HIPEF PNAGF GEBHF 6033 1818 5199

Maybank IB downgrades aviation sector to ‘neutral’

PETALING JAYA: Intensifying competition and cost pressure have turned the near-term outlook of the Malaysian aviation sector more challenging, following a disappointing earnings performance in the second quarter of financial year of 2018 (2Q18).
5238 MYPRY 5014

Brent crude oil prices near four-year high, regional airline stocks waver

2018-10-02 theedgemarkets
KUALA LUMPUR (Oct 2): Brent crude oil prices rose to a near four-year high today as markets adjust to the prospect of tighter supply once US sanctions against Iran kick in next month.

Dramatic change in thinking needed — Mavcom

2018-10-01 theedgemarkets
KUALA LUMPUR: When the RM10 billion Kuala Lumpur International Airport (KLIA) in Sepang opened its doors to the public in June 1998, the underlying goal was to turn it into a regional aviation hub to the likes of Changi Airport in Singapore and Don Mueang International Airport in Bangkok, Thailand.
5238 MYPRY 5014

Eye On Stock, AirAsia X

AIRASIA X Bhd (code: 5238) may have finally hit bottom following a steep decline since August that shaved off about a quarter of its value to a low of 27 sen on Sept 12.

Malaysia Airlines brings back fuel surcharge

2018-09-24 theedgemarkets
KUALA LUMPUR: Passengers will pay more to fly Malaysia Airlines as the national carrier has reinstated a fuel surcharge on its ticket price from Sept 18, 2018 as oil prices continue to rise.

Cover Story: Does Malaysia still need a national carrier?

2018-09-20 theedgemarkets
IN January, Khazanah Nasional Bhd said Malaysia Airlines Bhd had until the middle of next year to be profitable. But there are signs that the airline could miss yet another deadline.
5238 JAPSY

Cover Story: Malaysia Airlines still not out of the woods

2018-09-20 theedgemarkets
WHEN sovereign wealth fund Khazanah Nasional Bhd unveiled a turnaround plan for the country’s flagship carrier in August 2014 that saw the rebooting of Malaysian Airline System Bhd (MAS) into a leaner Malaysia Airlines Bhd, there were high hopes it would achieve success similar to that at Japan Airlines (JAL).

KLCI rises 0.53%, climbs above 1,800-level

2018-09-19 theedgemarkets
KUALA LUMPUR (Sept 19): The FBM KLCI rose 0.53% at mid-morning today and climbed above the 1,800-point level, tracking gains at the regional markets.
HLFBF PBLOF 1082 7113 5681 TPGVF 1295 5168 3794 6033 TGLVY 5238 4588 PNADF 1201 0026 5819 PNAGF HRGHY

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