Markets

Corporate results: Tenaga Nasional Bhd and Mitrajaya

TNB’s internal reorganisation progresses
Tenaga Nasional Bhd (TNB) has entered into agreements with TNB Power Generation Sdn Bhd (TPGSB) and TNB ...

Upstream-based O&G firms set for stronger 3Q

O&G service providers will benefit from work being expedited ahead of the monsoon season in 4Q
by MARK RAO/ pic by BLOOMBERG UPSTREAM oil and gas ...

Corporate results: Axis REIT, Sunway REIT, F&N and Velesto

Axis REIT to place out units to EPF, KWAP
Axis Real Estate Investment Trust (REIT) is planning to place up to 37.12 million new units or 3% of its ...

Plantation counters to record weaker performance in 3Q

The sector’s earnings are expected to be mainly in line with industry players’ expectation, analyst says
by SHAHEERA AZNAM SHAH/ pic by BLOOMBERG ...

Corporate results: Boustead Heavy, Mesiniaga and Spring Art

Boustead Heavy Industries announces new CFO
Boustead Heavy Industries Corp Bhd (BHIC) has appointed Mohd Fakhrul Arifin Adinan as its chief financial ...

Kumpulan Powernet’s offer ‘fair’ as stock rally continues

by SHAHEERA AZNAM SHAH/ pic by BERNAMA
KUMPULAN Powernet Bhd’s (KPB) mandatory general takeover offer (MGO) of RM1 per share tabled by its substantial ...

Property data could prevent overhang from recurring, says deputy finance minister

The data will provide what contributed to the overhang situation and where the mismatch between the demand and supply is
By FARA AISYAH / Pic By RAZAK ...
drb-hicom

DRB-Hicom to raise RM3.5b under sukuk

The diversified group is embarking on this financing exercise to take advantage of the current interest-rate environment to raise medium- to long-term ...

Axiata’s firm regional market presence to boost 3Q performance

Axiata’s regional exposures with a focus on emerging countries may deliver great growth potentials, says HLIB
by SULHI KHALID/ pic by BLOOMBERG AXIATA ...

Foreign funds inflow on an uptrend, say analysts

by BERNAMA/ pic by MUHD AMIN NAHARUL
THE net inflow of foreign funds into the local equity market has been on an uptrend, as outflow continued to ...

Soft property market to continue weighing on local property stocks

With no upsides seen for the property market for the remainder of the year, property stocks look set for a lacklustre year-end
By MARK RAO / Pic By ...

FBM KLCI rises as markets await BNM meeting

The overnight rally in banking stocks and equities was likely fuelled by expectations that BNM will hold interest rates steady when MPC meets next week
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