Company Overview and News

Stop missing out on important events!

Fintel provides real time notifications of important company events such as major investments (13D/G filings), insider trades (SEC form 4), and important SEC filings. Sign up and create your company alerts for free.

Headline News

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)

PetChem Q4 earnings rise to RM1bil backed by higher oil price

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)

Petronas Chemicals’ FY17 pre-tax profit rises to RM5.24b

2018-02-20 themalaymailonline
Petronas Chemicals Group Bhd's revenue rose to RM14.41 billion from RM13.86 billion previously, the group said in a filing to Bursa Malaysia today. — Reuters picKUALA LUMPUR, Feb 20 — Petronas Chemicals Group Bhd’s pre-tax profit for the financial year ended Dec 31, 2017 (FY17) increased to RM5.24 billion from RM4.11 billion in 2016. (5-0)

Diary Malaysia 2018 corporate earnings

KUALA LUMPUR: Following is a list of release dates for the quarterly earnings of some top Malaysia-listed companies. (42-0)

FBM KLCI to hit 1,900 points despite recent drops

The recommendation comes a week after the FBM KLCI saw its biggest single-day drop since December 2014 of 2.19% to a 23-trading day low of 1,812 points.(Filepic) (9-0)

Mixed views on market selldown

Volatile market: A punter watching trading boards at a private stock market gallery in Kuala Lumpur. The FBM KLCI closed 24.23 points up yesterday after falling 40.62 points Tuesday. — AP (26-0)

PetChem expects crude oil to average US$50 per barrel

“The industry’s average utilisation rate is about 85%. So, if we can run at 90%, then we are ahead of the game,” managing director and chief executive officer Datuk Sazali Hamzah said. (1-0)

Genting Group tops list of cash-rich companies

A healthy cash position is an important indicator to evaluate whether a company’s financials are sound to withstand any unforeseen shocks. (14-0)

Malaysian equities may gain from China partnerships, Citi says

Chinese carmaker Zhejiang Geely Holdings Group’s venture into Proton Holdings Bhd is a great example of China’s One Belt, One Road (OBOR) initiative. (8-0)

KLCI surges past 1,800 points

Hong Leong Investment Bank (HLIB) Research expects the FBM KLCI to end the year at 1,880 points. “We expect the incumbent Barisan Nasional to remain in government, which should be positive for the market, especially if the coalition regains two-thirds majority," it said. (11-0)

The RM10bil club

Major players: Small in number as they are, the ‘RM10bil market capitalisation’ club controls nearly 65 of Bursa Malaysia’s total market cap of RM1.89 trillion. (22-0)

Market sentiment seen remaining fragile

THE latest third quarter earnings reporting season that concluded on Thursday saw a mixed bag of results across the board. (6-0)

PetChem quarterly net profit up slightly

In a related development, the Employees Provident Fund (EPF) sold 25 million shares of its holdings in Petronas Chemicals on Nov 3. (5-0)

Petronas Chemicals Q3 earnings higher at RM913m

KUALA LUMPUR: Petronas Chemicals Group Bhd reported an improved set of financial results in the third quarter ended Sept 30, 2017, underpinned by the fertilisers and methanol segment. It announced on Thursday its earnings rose 2.4% to RM913mil from RM891mil a year ago. Earnings per share were flat at 11 sen. Revenue rose at a stronger pace of 12.6% to RM4.01bil from RM3.56bil primarily driven by higher prices and strengthening US dollar as well as higher sales volumes. (1-0)

Oil Giants At Odds As Saudi, Russian Ties Improve

2017-10-10 seekingalpha
Saudi King Salman bin Abdulaziz Al Saud visited Moscow last Wednesday, the first such visit by a Saudi monarch since the Soviet Union collapsed. (5-0)