Company Overview and News

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FBM KLCI retreats, weighed down by telcos

13h theedgemarkets
KUALA LUMPUR (July 20): The FBM KLCI closed 4.57 points or 0.26% lower on profit taking after nine straight days of gains. At 5pm today, the KLCI settled at 1,754.67 points.
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KLCI drops 0.43% as telcos, blue chips weigh

17h theedgemarkets
KUALA LUMPUR (July 20): The FBM KLCI dropped 0.43% at the midday break today, weighed by index-linked blue chips and telecommunication stocks.
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Malaysia's equity market rallies for eight days in a row

2018-07-19 thestar.com.my
The FBM KLCI closed 15.79 points higher to 1,753.07, making it the best-performing index yesterday. The index has been on an upward trend since last week, after it fell to its 18-month low of 1,663.86 points on July 6.
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Rise after Fed chief's upbeat remarks

2018-07-18 theedgemarkets
(July 18): Southeast Asian stock markets rose on Wednesday, in line with broader Asia, as a bullish outlook from the U.S. Federal Reserve chairman lifted investor sentiment.
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KLCI reverses loss, rises 0.31% in line with region

2018-07-18 theedgemarkets
KUALA LUMPUR (July 18): The FBM KLCI reversed its earlier losses and rose 0.31% at midday break, tracking gains at most Asian markets.
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Market staging a technical rebound

2018-07-18 theedgemarkets
The market rebounded last week on rebounds in Asian markets and the central bank’s move not to raise the overnight policy rate. However, the ringgit weakened and commodity prices continued to fall. Weakening ringgit caused foreign institutions to continue selling. Nevertheless, local market participants supported the market and the FBM KLCI increased 3.5% in a week to 1,721.93 points last Friday. The index continued to increase this week and closed at 1,737.
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Public Investment reiterates 'neutral' call on Axiata Group

2018-07-16 malaymail
KUALA LUMPUR, July 16 — Public Investment Bank Bhd has reiterated a “neutral” call on telecommunications giant Axiata Group, on the prospect of its unit selling a 89 per cent shareholding in Multinet Pakistan Pte Ltd (Multinet Pakistan).
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IHH Healthcare confident about its move into India

2018-07-16 theedgemarkets
KUALA LUMPUR: IHH Healthcare Bhd said it is confident in its move to expand its footprint in India, following the acceptance of its bid to acquire a controlling stake in Fortis Healthcare Ltd.
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Axiata unit to sell 89% shareholding in Multinet Pakistan

2018-07-14 thestar.com.my
KUALA LUMPUR: Axiata Group Bhd ’s (Axiata) wholly owned unit Axiata Investments (Labuan) Ltd (AIL) has entered into an agreement with Adnan Asdar Ali (AAA) for the divestment of AIL’s 89% stake in Multinet Pakistan Pte Ltd for US$1 on a cash-free and debt-free basis.
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Not a Renong 2.0, please

2018-07-14 thestar.com.my
PRIME Minister Tun Dr Mahathir Mohamad commanded the support of the majority in forming a new Malaysia. A sizeable number in government-linked companies (GLCs) were and are still with the 93-year-old prime minister in his mission to reform the government and reduce excesses.
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KLCI rises 0.74% as key heavyweights lift

2018-07-13 theedgemarkets
KUALA LUMPUR (July 13): The FBM KLCI rose 0.74% at midday break today, tracking gains at most regional markets, lifted by factors including key heavyweight index-linked stocks.
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Why TM’s minimum RM700m dividend promise has run its course

2018-07-11 theedgemarkets
IF Telekom Malaysia Bhd can keep its minimum RM700 million dividend promise, the stock will be oversold and the company undervalued. Yet the odds are stacked against the company rebounding in the near term due to uncertainties on multiple fronts. These uncertainties need to clear up before investors find TM appealing again, experts say.
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KLCI pares loss, claws above 1,680-level

2018-07-11 theedgemarkets
KUALA LUMPUR (July 11): The FBM KLCI pared some of its losses at midday break today, and moved above the 1,680-point level.
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Further downside seen

2018-07-11 theedgemarkets
The market failed to rebound last week despite finding some support two weeks ago. Market sentiment was still bearish on extended US-China trade war. Asian markets were the main casualties. The FBM KLCI fell 1.6% in a week to 1,663.86 points last Friday. The index rebounded this week and closed at 1,687.13 points yesterday.
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KLCI falls 0.37%, tracks region as U.S. decides more tariffs on China

2018-07-11 theedgemarkets
KUALA LUMPUR (July 11): The FBM KLCI fell 0.37% at mid-morning today as the U.S. re-ignited fears of a larger scale trade war with China after announcing it would impose added tariffs on Chinese imports.
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