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Mokhzani no longer Sapura Energy substantial shareholder

He would have netted RM578mil in proceeds from the share sale based on the stock’s closing price of RM1.50 on that day. (4-0)

As oil price rises, Mokhzani said to eye local O&G exit

2017-11-03 themalaymailonline
The sale could raise as much as RM905 million for the billionaire son of Tun Dr Mahathir Mohamad, based on the discounted offer price ― Malay Mail picKUALA LUMPUR, Nov 3 ― Tan Sri Mokhzani Mahathir, the son of the former prime minister turned Opposition leader, is believed to be selling his entire stake in Sapura Energy Bhd, at a time when global oil prices are rebounding. (0-1)

Mokhzani exiting O&G

 PETALING JAYA: Tan Sri Mokhzani Mahathir, who spotted the trend of investing in the oil and gas (O&G) industry some 15 years ago, is completely exiting the sector as sentiment in crude oil prices picks up. (0-1)

Malaysia-Ghana trade to grow further by year-end

2017-11-01 themalaymailonline
Palm oil is one of the main exports from Malaysia to Ghana. — Reuters picKUALA LUMPUR, Nov 1 — Malaysia-Ghana trade is set to grow further by year-end from US$340 million (RM1.4 billion) in 2016 following the continued bilateral relationships between the two nations, which mainly involved the palm oil industry.

Rohas 'buy', Yinson 'add', SCH 'hold', IOI 'neutral'

HONG Leong Investment Bank (HLIB) Research was positive on Rohas’ move to acquire a 75% stake in HG Power Transmission Sdn Bhd (HGPT), an engineering, procurement, construction and commissioning (EPCC) firm.

Wee named chairman of Eduspec Holdings

Wee replaces founder Lim Een Hong, 50, who will remain as chief executive officer (CEO) of Eduspec. Lim has been the CEO since March 18, 2010.

From here to perpetuity

Creative accounting with innovative financing methods have no limits, and perpetual bonds are certainly growing as an avenue of choice for companies to raise funds in Malaysia.

Breakfast briefing: Friday, July 7

MarketWatch: US stocks were sharply lower on Thursday after disappointing labor market data clashed with the possibility of a more hawkish Federal Reserve, while rising tensions in the Korean peninsula providing additional pressure. The DJIA fell 158.13 points, or 0.74%, to 21,320.04, the S&P 500 lost 22.79 points, or 0.94%, to 2,409.75 and the Nasdaq dropped 61.39 points, or 1%, to 6,089.46.  - Reuters

Sapura Energy 'sell', Yinson 'buy', Tune Protect 'add'

SAPURA Energy Bhd has delivered a below-expectations earnings in its first quarter of financial year 2018 mainly due to lower bottom line of its drilling segment and higher effective tax rates, according to Hong Leong Investment Bank (HLIB) Research.

Yinson 1QFY18 core net profit to be in a range of RM65-70mil

KUALA LUMPUR: Maybank Investment Bank Research expects Yinson Holdings Bhd’s to deliver a core net profit range of RM65mil to RM70mil for 1QFY18.

Mixed views on oil prices

Oil prices were hit last week after the unexpected rise in US petroleum stocks, with Brent crude falling 4.1% to settle at US$48.06 a barrel after the data was released, the lowest close since November last year

Yinson raises stake in Regulus Offshore to 70%

PETALING JAYA: Oil and gas services provider Yinson Holdings Bhd has increased its investment in Regulus Offshore Sdn Bhd, by acquiring an additional 21,000 ordinary shares or 21% equity stake.

O&G sector momentum expected to pick up from second quarter

PETALING JAYA: The momentum of the oil and gas (O&G) sector in the country is expected to pick up in the second quarter (2Q17) onwards, thanks to cyclical recovery and high productivity.

Yinson wins 10-year RM4.4bil contract from Talisman Vietnam

“Based on Yinson’s track record, we will ensure a successful execution of the bareboat scope of work under the contract,” said Yinson group executive chairman Lim Han Weng..

S P Setia, MNC Wireless, M3Tech, CCK Consolidated, NetX, Zhulian, GHL, Alcom, Heineken, Lion Industries, Berjaya Assets, PDZ, MAA Group and AsiaBio

2017-04-12 theedgemarkets
KUALA LUMPUR (April 12): Based on corporate announcements and news flow today, companies in focus on Thursday (April 13) may include the following: S P Setia, MNC Wireless, M3Tech, CCK Consolidated, NetX, Zhulian, GHL, Alcom, Heineken, Lion Industries, Berjaya Assets, PDZ, MAA Group and AsiaBio. (0-1)