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The issue came to light when Tenaga Nasional Bhd (TNB), the dominant electricity player in the country was hit with an additional RM2.1bil tax assessment bill in November 2015. Since then, several other listed companies also disclosed that they have been asked to settle additional taxes by the IRB. (9-0)
KPJ Healthcare Bhd’s proposed share split exercise is expected to improve the trading liquidity of the company and appeal to a wider base of public shareholders, according to PublicInvest Research.
KUALA LUMPUR (April 12): The FBM KLCI eked out marginal gains at the midday break today as sellers led buyers at the local market.
KUALA LUMPUR (April 10): The FBM KLCI remained in negative zone at the midday break today, in line with most regional markets.
KUALA LUMPUR (March 2): Cocoaland Holdings Bhd rose 2.17% after RHB Retail Research said Cocoaland may rise higher after posting a long white candle and leaving an upside gap yesterday.
KUALA LUMPUR (March 1): The FBM KLCI hovered just below the 1,700 level at the midday break, as buyers and sellers were almost eqully balanced.
KUALA LUMPUR (March 1): The FBM KLCI reversed its earlier losses at mid-morning today and climbed, but remained under the 1,700-point level as the buying stayed muted.
KUALA LUMPUR: The well-known trading adage, “sell in May and go away”, comes to mind when one considers the performance of the Malaysian stock market at the start of this month, which saw its first week skidding to 1,649.36 points, which was 1.4% or 23.36 points lower than the previous week’s 1,672.72 points on April 29.
KUALA LUMPUR (March 23): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Thursday, March 24) could include the following: Glomac, CIMB, CAB Cakaran, Carlsberg, Poh Kong, Tenaga, IOI Corp, KNM, Ho Hup, Wah Seong and Malaysia Smelting.
The FBM KLCI fell 9.1 points, tracking Asian share losses on low crude oil prices at near US$30 (RM132) a barrel and as the bomb explosion in Jakarta,…