Publication: Malaysia Edge

First reported 1 hour ago - Updated 46 mins ago - 2 reports

#Update* Daya to buy two vessels for US$280 mil, embarks fund raising exercises

A + A - Reset KUALA LUMPUR (Aug 22): Daya Materials Bhd, which plans to buy two offshore subsea construction vessels for US$280 million (RM888.2 million) in cash, will undertake three major fund raising exercises to part finance the acquisition.In a filing ... [Published Malaysia Edge - 46 mins ago]
First reported 9 hours ago - Updated 2 hours ago - 2 reports

#Live Updates* Plane lands in KLIA with remains of 20 Malaysian MH17 victims

A + A - Reset Malaysia Airlines flight attendants hold white flowers before the arrival of the Malaysian remains who perished aboard flight MH17 that was downed in eastern Ukraine outside Bunga Raya complex in Sepang today. – AFP pic, August 22, 2014. ... [Published Malaysia Edge - 8 hours ago]
First reported 23 hours ago - Updated 2 hours ago - 2 reports

#Hot Stock* Vitrox leaps 6.8% following record breaking quarterly results

A + A - Reset KUALA LUMPUR (Aug 22): Vitrox Corporation Bhd’s share price rose 6.8% as at 4pm today, after it announced yesterday a 208% rise in second quarter net profit rise to RM19.99 million.Some 1.61 million shares of the company were traded as at ... [Published Malaysia Edge - 2 hours ago]
First reported Aug 21 2014 - Updated 3 hours ago - 2 reports

#Hot Stock* Talam Transform actively traded as Chan Ah Chye seeks to buy 20% stake

A + A - Reset KUALA LUMPUR (Aug22): Shares of Talam Transform Bhd were heavily traded among the most-active stocks today, after its director and major shareholder Tan Sri Chan Ah Chye announced plan to raise his stake by another 19.9% stake.At 3.20pm, ... [Published Malaysia Edge - 3 hours ago]
First reported Aug 21 2014 - Updated 4 hours ago - 2 reports

#Vegoils* Palm sinks for eighth session to five-year lows

A + A - Reset (Update 1: Fri 22/08/14 14:26:21)JAKARTA (Aug 22): Malaysian palm oil subsided further on Friday, falling for the eighth-consecutive session to its lowest since October 2009, as soybean and crude prices weighed on the market, and defaults ... [Published Malaysia Edge - 4 hours ago]
First reported Aug 21 2014 - Updated 6 hours ago - 3 reports

#Hot Stock* GAB advanced 1.4% as investors chase dividend

A + A - Reset KUALA LUMPUR (Aug22): Shares of Guinness Anchor Bhd (GAB) advanced 1.4% among top gainers as investors are lured by the proposed final dividend of 44.5 sen apiece.At 11.53am, GAB was trading at RM13.46, up 18 sen, or 1.4%, with 64, 700 shares ... [Published Malaysia Edge - 6 hours ago]
First reported Aug 21 2014 - Updated 9 hours ago - 3 reports

JCY posts third quarterly profit

A + A - Reset KUALA LUMPUR: JCY International Bhd reported a third consecutive quarterly profit, reinforcing a turnaround at the hard disk drive (HDD) mechanical components maker. It posted a net profit of RM25.03 million in its third quarter ended Sept ... [Published Malaysia Edge - 9 hours ago]
First reported Aug 21 2014 - Updated 9 hours ago - 3 reports

Coastal Contracts 2Q net profit jumps 50.6%

A + A - Reset KUALA LUMPUR: Coastal Contracts Bhd reported a 50.6% increase in its net profit to RM48.23 million for the second quarter ended June 30 (2QFY14) from RM32.03 million a year ago due to larger deliveries of new-build offshore support vessels ... [Published Malaysia Edge - 9 hours ago]
First reported Aug 21 2014 - Updated 9 hours ago - 3 reports

Pharmaniaga 2Q net profit soars, pays 4 sen dividend

A + A - Reset KUALA LUMPUR: Pharmaniaga Bhd, the country’s largest generic drug manufacturer, saw its net profit soar 172% to RM15.98 million for the second quarter ended June 30 (2QFY14) from RM5.87 million in the corresponding period a year ago on increased ... [Published Malaysia Edge - 9 hours ago]
First reported Aug 20 2014 - Updated Aug 21 2014 - 3 reports

Icon Offshore bags RM297m worth of jobs

A + A - Reset KUALA LUMPUR: Icon Offshore Bhd has bagged two contracts worth RM297 million that are expected to contribute positively to its earnings and net assets from financial year 2014 ending Dec 31 (FY14).In a filing with Bursa Malaysia yesterday, ... [Published Malaysia Edge - Aug 21 2014]
First reported Aug 20 2014 - Updated Aug 21 2014 - 4 reports

#Hot Stocks* Sumatec, PDZ, Marco rebound after meltdown, Globaltec steady

A + A - Reset KUALA LUMPUR (Aug 21): Penny stocks Sumatec Resources Bhd, PDZ Holdings Bhd and Marco Holdings Bhd rebounded today following a meltdown late yesterday.Globaltec Formation Bhd (Glotec), which had bucked the trend and avoided a sell down yesterday, ... [Published Malaysia Edge - Aug 21 2014]
First reported Aug 20 2014 - Updated Aug 21 2014 - 4 reports

#Hot Stock* IOI Corp slips 3% as profit misses forecast, CPO prices fall

A + A - Reset KUALA LUMPUR (Aug 21): IOI Corp Bhd fell 2.6% among top decliners after the plantation group reported full year profit, which fell below estimates. This has prompted analysts to downgrade their forecast for the group.Analysts said the decline ... [Published Malaysia Edge - Aug 21 2014]

Quotes

"In our opinion, while the political developments in Selangor have dampened the mood of Selangor voters towards PR, the survey found contra-BN sentiments still strong among them" Merdeka Center said in a statement
"However, our property division posted encouraging result for the period under review, whilst the contribution of the furniture division remains negligible to the group" it said
"Narrowing price differentials between crude oil processed and finished products, continues to affect margins" it said
"The yen's weakness drove the gain while higher raw material prices in Thailand this week also gave a support" a Tokyo-based trader said

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Sources: BNM urges all banks to offer interbank... [Published Malaysia Edge - 8 mins ago]
MFM 2Q profits jump by 54.6% [Published Malaysia Edge - 16 mins ago]
#Flash* Kian Joo secures extension for submissi... [Published Malaysia Edge - 16 mins ago]
Sunway unit receives approval for RM2 bil Islam... [Published Malaysia Edge - 16 mins ago]
MRCB 2Q profit, revenue leap after sale of DUKE [Published Malaysia Edge - 16 mins ago]
GSB buys 2.22 acres Shah Alam land from PKNS En... [Published Malaysia Edge - 16 mins ago]
#Update* Despite MB impasse, poll shows Pakatan... [Published Malaysia Edge - 30 mins ago]
Emphasis on August 31 unfair to Sabah and Saraw... [Published Malaysia Edge - 30 mins ago]
#Update* Daya to buy two vessels for US$280 mil... [Published Malaysia Edge - 46 mins ago]
Samchem Holdings 2Q net profit falls 30% to RM1... [Published Malaysia Edge - 46 mins ago]
THHE posts RM4.5 mil-loss in 1H [Published Malaysia Edge - 46 mins ago]
Far East 1H profit rises 91% to RM41.9 mil on h... [Published Malaysia Edge - 46 mins ago]
Karex FY14 net profit rises 56% to RM45.2 mil [Published Malaysia Edge - 1 hour ago]
Lion Corp lost RM526.49 million in FY14 [Published Malaysia Edge - 1 hour ago]
#Flash* Daya to acquire two offshore subsea con... [Published Malaysia Edge - 1 hour ago]
Petron Malaysia more than halved its losses to ... [Published Malaysia Edge - 1 hour ago]
Penang’s Rice Miller project to be completed 1Q15 [Published Malaysia Edge - 1 hour ago]
Hektar REIT property income increases 4.2% [Published Malaysia Edge - 1 hour ago]
Malaysian elected UIA president [Published Malaysia Edge - 1 hour ago]
PAM urges construction industry to ‘feel and be... [Published Malaysia Edge - 1 hour ago]
Shanghai Grade-A office rents still remain stable [Published Malaysia Edge - 1 hour ago]
#Market Close* KLCI drops 0.2% on profit-taking [Published Malaysia Edge - 1 hour ago]
#Rubber* Tokyo futures rise on weak yen; post b... [Published Malaysia Edge - 1 hour ago]
Yinson buys new vessel from UK company [Published Malaysia Edge - 1 hour ago]
A dark sky and tears as MH17 chief flight atten... [Published Malaysia Edge - 2 hours ago]
Penang to hold 2nd MAPEX this year [Published Malaysia Edge - 2 hours ago]
#Hot Stock* Vitrox leaps 6.8% following record ... [Published Malaysia Edge - 2 hours ago]
Mercedes-Benz set to receive more EEV incentives [Published Malaysia Edge - 3 hours ago]
Pestech’s 1H net profit rises 32% to RM9.7 mil [Published Malaysia Edge - 3 hours ago]
#Hot Stock* Talam Transform actively traded as ... [Published Malaysia Edge - 3 hours ago]
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