Hibiscus Q2 earnings rise to RM11mil

2018-02-22 thestar.com.my
PETALING JAYA: Hibiscus Petroleum Bhd ’s net profit for its second quarter ended Dec 31, 2017 rose to RM11.04mil from RM10.68mil in the previous corresponding period, bolstered by improved revenue and lower expenses. (6-0)
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AirAsia taps former Pos Malaysia boss to join its logistics arm

22h thestar.com.my
KUALA LUMPUR: AirAsia Group chief executive officer Tan Sri Tony Fernandes said Datuk Mohd Shukrie Mohd Salleh, the former boss at Pos Malaysia Bhd , is joining the low cost airline’s logistics arm. (1-0)
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Lower earnings for MAHB on higher costs

2018-02-22 thestar.com.my
Better outlook: MAHB’s Istanbul Sabiha Gokcen International Airport is expected to register 34 million passenger movements this year, in line with the stable economic growth in Turkey (6-0)
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Maybank targets 100m debit card transactions in 2018

2018-02-22 themalaymailonline
Maybank is leader in the debit card business with a 37.4 per cent market share. — File picKUALA LUMPUR, Feb 22 — Malayan Banking Bhd (Maybank) aims to increase its debit card transactions to 100 million from 65 million last year. (2-0)
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AirAsia X's quarterly net profit soars to record high

2018-02-22 thestar.com.my
Fernandes: This will be the first year that AAX is adding aircraft since 2015, demonstrating our confidence in the medium-to-long-haul low-cost space. — Bloomberg (6-0)
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Malaysia’s about to get real for foreign insurers

2018-02-22 themalaymailonline
Malaysia will require overseas insurance firms to jettison at least 30 per cent of their domestic businesses via strategic stake sales or local initial public offerings by the end of June in order to comply with new foreign ownership rules. — Reuters pic HONG KONG, Feb 22 — What’s long been one of the most attractive markets for insurers in Asia is turning ugly. (4-0)
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Fernandes praises AAX’s great results

2018-02-22 themalaymailonline
AirAsia X Bhd’s co-founder and co-group chief executive officer Tan Sri Tony Fernandes. — Reuters picPETALING JAYA, Feb 22 — AirAsia X Bhd’s (AAX) co-founder and co-group chief executive officer Tan Sri Tony Fernandes expressed his excitement on social media yesterday over the carrier’s financial performance last year. (2-0)
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Stocks open slightly higher ahead of Fed minutes

2018-02-21 cnbc
U.S. stocks opened little changed on Wednesday as investors awaited the release of a meeting summary from the Federal Reserve. (40-0)
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HSS announces price for rights issue

2018-02-22 thestar.com.my
PETALING JAYA: Engineering and project management firm HSS Engineers Bhd has announced the share price of its upcoming rights issue and private placement exercise. (4-0)
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Malakoff fourth-quarter net profit down by half

2018-02-22 thestar.com.my
PETALING JAYA: Malakoff Corp Bhd saw its net profit for the fourth quarter ended Dec 31, 2017 sliding 51.5% year-on-year to RM43.72mil. (4-0)
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PAAB to build water treatment plant for Merge Energy unit

2018-02-22 thestar.com.my
PETALING JAYA: Merge Energy Bhd ’s wholly owned subsidiary, Mewah Kota Sdn Bhd, has received a letter of acceptance from Pengurusan Aset Air Bhd for the construction of a water treatment plant in Air Pagoh, Johor, for RM105.55mil. (4-0)
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Hap Seng buys Kretam in RM1.18bil worth deal

2018-02-22 thestar.com.my
Hap Seng Plantations’ current landbank stands at 40,000ha of which about 36,000ha are planted with oil palm. It has a total of 16 estates and four oil mills, all located in Sabah – notably in the Lahad Datu, Tawau and Kota Marudu regions. (4-0)
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US STOCKS-Futures flat ahead of Fed minutes

2018-02-21 reuters
Feb 21 (Reuters) - U.S. stock index futures were mostly flat on Wednesday ahead of the release of minutes of the Federal Reserve’s last policy meeting that could offer clues on the pace of interest rate hikes. (45-0)
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AirAsia X shares jump on higher net profit

2018-02-22 thestar.com.my
KUALA LUMPUR: Shares of AirAsia X Bhd (AAX) rose as much as 7% in early trade Thursday on  more than doubles net profit in the fourth quarter ended Dec 31, 2017. (2-0)
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Trading ideas: Hap Seng Plantations, AirAsia X, D&O, GHL Systems, Eden

2018-02-22 thestar.com.my
KUALA LUMPUR: Hap Seng Plantations Holdings Bhd, AirAsia X Bhd , D&O Green Technologies Bhd, GHL Systems, Eden Inc and Merge Energy Bhd are among the stocks to watch today, according to JF Apex Research. (2-0)
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Bursa Malaysia ends higher in range bound trade

2018-02-21 themalaymailonline
KUALA LUMPUR, Feb 21 — Bursa Malaysia ended higher in range bound and cautious  trading, with buying support interspersed with profit-taking throughout the trading session, dealers said. (10-0)
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Bursa Malaysia remains positive at mid-afternoon

2018-02-21 themalaymailonline
Bursa Malaysia remained in the positive territory in range bound trading mid-afternoon. — Picture by Azneal IshakKUALA LUMPUR, Feb 21 — Bursa Malaysia remained in the positive territory in range bound trading mid-afternoon, with buying support emerging for selected bluechip stocks, dealers said. (15-0)
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Weah's promised land: Liberia confronts age-old disputes

2018-02-21 yahoo
Gbah (Liberia) (AFP) - Morris Kidir gestures at a wide expanse of dark-green land he says was earmarked for a school or clinic in his northern Liberian village, now covered in young oil palm trees. (5-0)
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Malaysia's AirAsia X doubles quarterly profit on forex and passenger volume

2018-02-21 in.reuters
KUALA LUMPUR (Reuters) - Malaysia’s AirAsia X more than doubled fourth-quarter earnings on a more favourable foreign-exchange environment and higher passenger numbers, the long-haul budget carrier said on Wednesday. (2-0)
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MAHB net profits surges more than threefold

2018-02-21 themalaymailonline
Malaysia Airports Holdings net profit surges to RM237.09 million for FY2017. — File pic KUALA LUMPUR, Feb 21 — Malaysia Airports Holdings Bhd’s (MAHB) net profit surged more than three fold to RM237.09 million the financial year ended December 31, 2017 against RM73.17 million registered in 2016 (6-0)
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S&P, Dow falter after six days of gains as Walmart weighs

2018-02-20 themalaymailonline
A view shows the Standard & Poor's building in New York's financial district in this February 5, 2013 file photo. — Reuters picNEW YORK, Feb 20 — The S&P and the Dow slipped after six straight days of gains today, hurt by disappointing quarterly results from Walmart and a rise in bond yields. (226-0)
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Bursa slightly higher at mid-day

2018-02-21 themalaymailonline
KUALA LUMPUR, Feb 21 — Bursa Malaysia ended slightly higher in range bound trading at mid-day today, on buying support for the selected heavyweight stocks. (10-0)
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Bursa Malaysia turns marginally higher at mid-morning

2018-02-21 themalaymailonline
Bursa Malaysia turned marginally higher at mid-morning today. — Bernama picKUALA LUMPUR, Feb 21 — Bursa Malaysia turned marginally higher at mid-morning today, in range bound trading, while taking cue from the weaker overnight performance of Wall Street. (10-0)
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UOA Development profit falls to RM491.18m

2018-02-21 themalaymailonline
KUALA LUMPUR, Feb 21 — UOA Development Bhd's net profit for the financial year ended Dec 31, 2017 (FY17) fell to RM491.18 million from RM676.72 million registered in 2016. (4-0)
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Walmart worries, bond yields threaten six-day winning streak - Channel NewsAsia

2018-02-20 channelnewsasia
U.S. stock index futures fell more than half a percent as Wall Street returned from a long holiday weekend on Tuesday, a rise in bond yields and underwhelming results from Walmart halting a six-day winning streak for the major indexes. (187-0)
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Bank Stocks Could Emerge Winners From Tough South African Budget - Bloomberg

2018-02-21 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (2-0)
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KL shares open lower

2018-02-21 themalaymailonline
KUALA LUMPUR, Feb 21 — Bursa Malaysia opened lower today in taking cue from the weaker overnight performance of Wall Street. (10-0)
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Walmart worries, bond yields threaten six-day winning streak

2018-02-20 reuters
(Reuters) - U.S. stock index futures fell more than half a percent as Wall Street returned from a long holiday weekend on Tuesday, a rise in bond yields and underwhelming results from Walmart halting a six-day winning streak for the major indexes. (187-0)
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U.S. Stocks: Walmart worries, bond yields threaten six-day winning streak

2018-02-20 in.reuters
(Reuters) - U.S. stock index futures fell more than half a percent as Wall Street returned from a long holiday weekend on Tuesday, a rise in bond yields and underwhelming results from Walmart halting a six-day winning streak for the major indexes. (187-0)
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Philippines’ Ayala Land now controls 72.3% of MCT

2018-02-21 thestar.com.my
According to CIMB Investment Bank, Ayala Land had received acceptances for 295.27 million shares or a 22.12% stake. Ayala Land had, through Regent Wise Investments Ltd, launched an unconditional mandatory takeover offer when it emerged with 50.19% following a corporate exercise. (14-0)
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The market is ‘finally getting the joke’ about the Fed: Guggenheim’s Minerd - MarketWatch

2018-02-20 marketwatch
Investors are finally coming around to the idea that the Federal Reserve will tighten monetary policy faster than previously expected. (40-0)
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Malaysia's About to Get Real for Foreign Insurers - Bloomberg

2018-02-21 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (7-0)
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UEM Edgenta declares higher dividend on four-fold increase in net profit

2018-02-20 thestar.com.my
UEM Edgenta said yesterday it had registered a four-fold increase in net profit to RM418.19mil in FY17 compared to the previous financial year. (7-0)
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PetChem Q4 earnings rise to RM1bil backed by higher oil price

2018-02-20 thestar.com.my
In a filing with Bursa Malaysia yesterday, the oil and gas company said revenue in the fourth quarter increased to RM4.74bil from RM3.95bil a year earlier. (5-0)
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Bitcoin hits 3-week high, trading above $11,000 - MarketWatch

2018-02-20 marketwatch
Cryptocurrency prices were mixed Tuesday, with the No. 1 digital currency in the green, reaching its highest level since Jan. 28. (40-0)
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Moody’s sees robust growth for Malaysia, but leverage a concern

2018-02-21 thestar.com.my
Robust growth: A file picture showing a construction worker at a building site in Kuala Lumpur. Moody’s says the robust growth seen in 2017 is likely to continue into 2018. —AFP (4-0)
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Nestle net profit doubles to record high

2018-02-20 thestar.com.my
Hofbauer: We will continue to focus on delivering high quality products at greater value to Malaysians." (4-0)
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Star on why it called on the RM50mil bank guarantees

2018-02-21 thestar.com.my
Under the SPA, the bank guarantees were obtained by JIC in August 2011 as security for guaranteeing the completion and delivery of the vacant possession of Tower A on the piece of development.. (Filpic shows Star's current HQ.) (2-0)
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RHB Research maintains ‘buy’ on Petronas Chemicals

2018-02-21 themalaymailonline
Petronas Chemicals Group Bhd has announced a better than expected financial performance for 2017. — File picKUALA LUMPUR, Feb 21 — RHB Research Institute Sdn Bhd has maintained a “buy” rating on Petronas Chemicals Group Bhd following the announcement of a good financial performance for 2017 with profit beating expectations. (1-0)
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Despite financial losses, Bina Darulaman remains positive on future prospects

2018-02-21 themalaymailonline
Image from Bina Darulaman Bhd's online portal www.bdb.com.my.KUALA LUMPUR, Feb 21 — Bina Darulaman Bhd is optimistic of better prospects in the coming financial year despite recording losses in the fourth-quarter that ended on December 31 last year.
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A Subdued Rebound For The S&P 500 In Week 2 Of February 2018

2018-02-20 seekingalpha
After the wild ride it went on in the first full week of February 2018, the S&P 500 Index: INX rallied in a subdued fashion during the second week of February 2018. (40-0)
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Tracking David Winters' Wintergreen Advisers Portfolio - Q4 2017 Update

2018-02-20 seekingalpha
The largest three positions in the 13F portfolio are Consolidated-Tomoka Land, Altria Group, and Union Pacific Corporation. (27-0)
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UEM Edgenta announces special dividend of 18 sen

2018-02-20 themalaymailonline
KUALA LUMPUR, Feb 20 — Integrated facilities management player UEM Edgenta Bhd has announced a special dividend of 18 sen for the financial year ended Dec 31, 2017 (FY17), which together with a second interim dividend of five sen, raised the total dividend for the year to 31 sen. (6-0)
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UEM Edgenta hands out special dividend

2018-02-20 thestar.com.my
KUALA LUMPUR: UEM Edgenta Bhd has declared a special dividend payout to shareholders after the disposal of a unit in New Zealand boosted its profits in the last quarter ended Dec 31, 2017. (7-0)
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Bursa Malaysia ends lower on profit-taking

2018-02-20 themalaymailonline
KUALA LUMPUR, Feb 20 — Bursa Malaysia ended lower, across the board in range bound trading, after yesterday’s stronger close, dealers said. (10-0)
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Nestle’s Q4 pre-tax profit rises to RM165.76m

2018-02-20 themalaymailonline
Nestle attributed its improved performance to sustainable cost management and different phasing of its marketing investments in 2017. — Reuters picKUALA LUMPUR, Feb 20 — Nestle (M) Bhd’s pre-tax profit surged to RM165.76 million in the fourth quarter ending December 31, 2017, from RM81.49 million in the corresponding period last year. (4-0)
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