Company Overview and News

Add 5819
to your dashboard

Headline News

Bursa ends lower on profit-taking

2017-11-10 themalaymailonline
KUALA LUMPUR, Nov 10 — Bursa Malaysia finished the week lower on profit-taking in selected heavyweights and trade and services counters, dealers said. (7-0)

MISC leads gains on KLCI

KUALA LUMPUR: The local bourse bucked the trend in the morning session amid reports that  foreign selling in the previous week on the local equity market had slowed to its lowest level so far this year. According to MIDF research, a "feel good vibe" had contributed to net foreign buying of RM133.4mil last Monday when the market reopened after the announcement of Budget 2018. Key Asian markets, however, were a sea of red on Monday as they tumbled from decade-highs in the lead up to US President Donald Trump's meetings with his Chinese and Russian counterparts on his Asian tour. (33-0)

Hong Leong plans large capital call

Hong Leong Financial Group Bhd (HLFG), which owns 65.7% of HLB, is looking to raise RM25bil via a perpetual notes and commercial papers programme. (6-1)

HFLG, Hong Leong Bank set up multi-billion ringgit debt programmes

Tags / Keywords: Corporate News , Banking , Hong Leong Financial Group Bhd , Hong Leong Bank Bhd (2-1)

RAM Ratings upgrades HLB, HLISB and HLIB ratings to AAA

2017-11-02 themalaymailonline
KUALA LUMPUR, Nov 2 — RAM Ratings Services Bhd has upgraded Hong Leong Bank Bhd (HLB), Hong Leong Islamic Bank Bhd and Hong Leong Investment Bank Bhd’s long-term financial institution ratings to AAA from AA1, with a stable outlook. (2-1)

Budget 2018 boosts sentiment

“It may not have big surprises or catalysts for the market; being an expansionary budget, but it will be positive for sentiment,” said Danny Wong, CEO of Areca Capital Sdn Bhd. (4-0)

Bursa down at mid-afternoon

2017-10-16 themalaymailonline
KUALA LUMPUR, Oct 16 — Bursa Malaysia was easier in range-bound trading at mid-afternoon today, as selling in selected blue-chips, led by trade and services sector and finance stocks, weighed on the barometer index, dealers said. (15-0)

Bursa ends morning session lower

2017-10-16 themalaymailonline
KUALA LUMPUR, Oct 16 — Bursa Malaysia ended the morning session lower today, weighed down by losses in selected heavyweights, led by Axiata and Hong Leong Bank, dealers said. (15-0)

KL shares turn easier at mid-morning

2017-10-16 themalaymailonline
At 11.03am, the FBM KLCI was 1.93 points easier at 1,753.39, after opening 3.8 points higher at 1,759.12 from Friday's close of 1,755.32. — Bernama picKUALA LUMPUR, Oct 16 ― Share prices on Bursa Malaysia turned easier at mid-morning  in range bound trading, with the barometer FTSE Bursa Malaysia KLCI (FBM KLCI) weighed down by profit-taking in selected heavyweights led by Axiata and Hong Leong Bank, dealers said. (17-0)

KLCI slips, F&N weighs

KUALA LUMPUR: The FBM KLCI found itself in the red at midday break as counters including F&N and MAHB weighed. (11-0)

How long can the global rally in financial markets last?

“Following the financial crisis, it was balance sheet expansion by major central banks that flooded the world with money and juiced the markets. “With the US Fed starting to shrink its balance sheet, the countdown to the end of the band’s hour on stage has begun,’’ said Pong Teng Siew(filepic), head of research at Inter-Pacific securities. (2-0)

KLCI tracks Asian markets to close higher

KUALA LUMPUR: The FBM KLCI gained 4.91 points to 1,764 points on Friday, tracking upbeat Asian markets that took their lead from record-breaking Wall Street closes last night. At 5pm, turnover was 2,49 billion shares valued at RM1.95bil. Advancers beat decliners 468 to 315 while 478 counters were unchanged. Lotte Chemicals Titan was back in the spotlight on Friday as it announced that the stop-work order on its catalytic cracking reactor had been lifted. (31-0)

FBM KLCI down, TM and BAT weigh

KUALA LUMPUR: The FBM KLCI looked set to continue its losing streak on Monday even as other regional markets firmed up on strong economic data coming out of China and Japan.  Markets in China and Hong Kong were closed for national holidays, while South Korea's markets remained shuttered for a designated "temporary holiday". At 12.30pm, the FBM KLCI was down 2.72 points to 1,752.86 points. There were 390 decliners versus 216 advancers and 429 counters unchanged. (47-1)

MFRS 9 more likely to affect balance sheet

According to AmBank Research, the impact of MFRS 9 will be greater on banks’ balance sheet because any increase in impairment losses provision will be charged to retained earnings.