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  • Bursa Malaysia rebounds in early trade

    August 30, 2018 6:19 AM 24

    KUALA LUMPUR: Bursa Malaysia opened higher today, with the key index rebounding from yesterday's downtrend as investors took the cue from the upbeat overnight close of Wall Street amid improving oil prices. At 9.04am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.26 points higher at 1,821.9 from Wednesday's close of 1,820.64. Market breadth

  • Petronas ups dividend payout to RM24b for 2018 as Q2 profit nearly doubles

    August 30, 2018 5:36 AM 13

    KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) announced today a higher dividend payout of RM24 billion to the federal government this year after its net profit leaped 94% for the second quarter ended June 30, 2018. This represents a 50% rise compared with the RM16 billion dividends last year. Petronas' net profit stood at RM13.6 billion for the April-June

  • PIAM: General insurance sees flat growth in 1H, expected to remain moderate in 2H

    August 30, 2018 5:22 AM 10

    KUALA LUMPUR: The general insurance industry, which registered a marginal growth of 0.7% with gross written premiums of RM9.23 billion in the first half of 2018 (1H18), is expected to remain subdued for the rest of the year, with low single digit growth. "A single digit growth of 1%-2% could be achievable," General Insurance Association of Malaysia (PIAM)

  • CIMB confident of achieving 6% loan growth for 2018

    August 29, 2018 6:34 AM 14

    KUALA LUMPUR: CIMB Group Holdings Bhd is on track to meet its loan growth target of 6% for this year with the stronger performance expected for the second half of the year, said group CEO Tengku Datuk Seri Zafrul Aziz. Its loan growth for the first half of the year stood at 3.4%, dragged down by the weakening of rupiah in Indonesia. CIMB posted a record

  • Puncak Niaga's share price falls 2.7% on narrowed losses

    August 29, 2018 3:57 AM 12

    PETALING JAYA: Puncak Niaga Holdings Bhd’s share price fell as much as 2.75% or 1.5 sen to 53 sen at early trade after it narrowed its losses to RM4.3 million for the second quarter ended June 30, 2018 on a boost in construction contracts, sale of fresh fruit bunches (FFB) and its concession business. The group posted a net loss of RM30.4 million for the quarter

  • Hong Leong Bank Q4 net profit up 30%

    August 28, 2018 1:22 PM 9

    PETALING JAYA: Hong Leong Bank Bhd’s net profit for the fourth quarter ended June 30, 2018 jumped 30% to RM626.01 million from RM482.92 million a year ago due mainly to higher net income, lower operating expenses, lower allowance for impairment losses on loans, advances and financing, higher writeback of impairment losses on financial investments and higher

  • Top Glove up 1.82% as it seeks removal of Adventa Capital rep

    August 28, 2018 3:14 AM 10

    PETALING JAYA: Top Glove Corp Bhd's share price rose 1.82% this morning after it announced plans to remove Low Chin Guan, a representative of Adventa Capital Pte Ltd from its board. At 11.04am, Top Glove was trading at RM11.20 with 1.18 million shares changing hands. Top Glove yesterday said in a filing with the stock exchange that it had received a special

  • Daiman top gainer on Bursa

    August 28, 2018 3:03 AM 9

    PETALING JAYA: Daiman Development Bhd has emerged as the top gainer on Bursa Malaysia this morning with its share price rising as much as 29.95% after it received an offer from its major shareholder Tay Kia Hong & Sons Sdn Bhd and Daiman Holdings Sdn Bhd to privatise the group by way of a selective capital reduction and repayment exercise (SCR) at RM3 per share

  • Matang Q4 earnings up 25%

    August 27, 2018 11:21 AM 10

    PETALING JAYA: Matang Bhd's net profit for the fourth quarter ended June 30, 2018 grew 25% to RM578,000 from RM463,000 a year ago on higher volume of fresh fruit bunch (FFB) harvested and lower cost of sales. Its revenue jumped 12% to RM2.48 million compared with RM2.22 million in the previous year's corresponding quarter arising mainly from higher volume

  • Watta Holding gets queried for share price spike

    August 27, 2018 7:51 AM 8

    PETALING JAYA: Watta Holding Bhd has been issued an unusual market activity query by Bursa Malaysia Securities after its share price more than doubled in under one week. Today alone it hit a high of 74.5 sen before settling at 66 sen earlier, 32% higher than the 50 sen closing it saw last Friday. Some 6.5 million shares changed hands. Just more than a week ago the company