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Bursa Malaysia ends higher on strong Q3 GDP

2017-11-17 themalaymailonline
KUALA LUMPUR, Nov 17 — Bursa Malaysia ended higher today, as the stronger-than-expected third quarter (Q3) gross domestic product (GDP) released today injected more investor confidence into the local market. (13-0)

Bursa ends morning session higher

2017-11-17 themalaymailonline
KUALA LUMPUR, Nov 17 — Bursa Malaysia ended the morning session on a positive note today, bolstered by the stronger-than-expected third quarter 2017 (3Q17) results released today. (13-0)

Genting, CIMB rebound to lift KLCI higher

2017-11-17 thestar.com.my
KUALA LUMPUR: The FBM KLCI took on a bullish mood in morning trade as it rebounded from heavy selling over the previous four trading sessions. Bank Negara Malaysia's Friday noon announcement that the gross domestic product (GDP) expanded 6.2%, beating estimates, in the third quarter of 2017 lifted sentiments. (23-0)

Sime, Genting lift KLCI early Friday

2017-11-17 thestar.com.my
KUALA LUMPUR: After four straight days of losses, investor sentiment perked up a bit early Friday, aided by gains in conglomerate Sime Darby and Genting Bhd . At 9.25am, the FBM KLCI rose 6.12 points or 0.36% to 1,724.23. Turnover was 273.52 million shares valued at RM107.76mil. There were 243 gainers, 131 losers and 234 counters unchanged. Asian shares rose on Friday as strong US earnings and a step forward in the US Congress on tax reform brightened the mood, even though investors noted that many more hurdles must be passed to reach a final deal on tax cuts, Reuters reported. (6-0)

Bursa snaps losing streak to open higher

2017-11-17 themalaymailonline
KUALA LUMPUR, Nov 17 — Bursa Malaysia snapped its losing streak over five consecutive-days to open higher this morning as bargain-hunting emerged as the Wall Street rebounded overnight. (13-0)

Trading ideas: Sime Darby, Salcon, Econpile, Voir, LBS

2017-11-17 thestar.com.my
KUALA LUMPUR: Sime Darby Bhd , Salcon Bhd , Econpile Holdings Bhd , Voir Holdings Bhd and LBS Bina Group Bhd are among the stocks to watch on Friday, according to JF Apex Research. (5-0)

Sime Darby unit to sell loan stocks in Prolintas to PNB

2017-11-16 themalaymailonline
Sime Darby said the sale and transfer would not have a material effect on its earnings per share, net assets per share, gearing, share capital and its substantial shareholders’ shareholding for the financial year ending June 30, 2018. — Reuters pic KUALA LUMPUR, Nov 26 — Kumpulan Jelei Sdn Bhd, an indirect wholly-owned unit of Sime Darby Bhd, has signed a sale and purchase agreement with Permodalan Nasional Bhd (PNB) for the sale and transfer of the redeemable loan stocks it held in Prolintas Expressway Sdn Bhd for RM333. (9-0)

EU mergers and takeovers (Nov 16)

2017-11-16 reuters
BRUSSELS, Nov 16 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: (30-0)

Profits nearly triple at palm oil giant Sime Darby

2017-11-16 themalaymailonline
Sime Darby announces announced a net profit of RM1.32 billion for the quarter that ended September, an over 150 per cent increase versus a year ago. — File picKUALA LUMPUR, Nov 16 — Malaysia's Sime Darby Bhd , the world's largest oil palm planter by land size, today said its first quarter net profit increased over 150 per cent versus a year ago, buoyed by increased production and by the sale of some assets. (5-0)

PNB eyes more private investments to cut cash pile

2017-11-16 themalaymailonline
Group chairman of Permodalan Nasional Bhd Tan Sri Abdul Wahid Omar speaks at his office in Kuala Lumpur November 15, 2017. — Reuters picKUALA LUMPUR, Nov 16 — Malaysia’s largest fund management firm Permodalan Nasional Bhd (PNB) plans to boost private investments and fixed income assets starting next year as part of a five-year target to reduce its cash holdings, its top executive said. (7-0)

Sime Darby posts record RM1.31bil earnings in Q1

2017-11-16 thestar.com.my
Sime Darby’s president and group chief executive Tan Sri Mohd Bakke Salleh said: “The group, in our final quarterly report under the current structure, has performed well overall.” (5-0)

KL shares end morning session lower

2017-11-16 themalaymailonline
KUALA LUMPUR, Nov 16 — Bursa Malaysia ended the morning session lower today in range-bound trading amid mixed regional performance, as cautious sentiment continues to cloud the equities market. (9-0)

Bursa falls back after higher opening

2017-11-16 themalaymailonline
KUALA LUMPUR, Nov 16 — Bursa Malaysia opened marginally today higher but retreated thereafter taking the cue from the weak overnight performance on Wall Street due to the fall in crude oil prices. (13-0)

New Sime Darby board to take over effective Dec 1

2017-11-16 thestar.com.my
PETALING JAYA: Conglomerate Sime Darby Bhd has announced that Tan Sri Dr Wan Abdul Aziz Wan Abdullah and Jeffri Salim Davidson will assume their roles as group chairman and chief executive officer effective Dec 1. (5-0)