Publication: Malaysia Edge

First reported 10 hours ago - Updated 4 hours ago - 2 reports

#Update* Aeon Credit declares 24 sen dividend, posts 22.6% y-o-y profit growth in 4Q

A + A - Reset KUALA LUMPUR (April 16): Aeon Credit Service Bhd declared a final dividend of 24 sen per share, after posting a 22.6% year-on-year rise in profit to RM47.8 million for its fourth quarter to Feb 2014.Aeon Credit’s full year net profit rose ... [Published Malaysia Edge - 9 hours ago]
First reported 11 hours ago - Updated 6 hours ago - 2 reports

#Update* Far East recommends final dividend of 15 sen per share

A + A - Reset KUALA LUMPUR (April 16): Far East Holdings Bhd said it is recommending a final single tier dividend of 15 sen per share for the financial year ended 31 December 2013.The entitlement date and payment date would be announced at a later date, ... [Published Malaysia Edge - 11 hours ago]
First reported Apr 15 2014 - Updated 10 hours ago - 2 reports

#Hot Stocks* Time.com rises 2%, Telekom down 2% after Time gains contract on submarine cable system

A + A - Reset KUALA LUMPUR (Apr 16): Timedotcom Bhd (Time.com) shares were among the top gainers today following its Bursa announcement yesterday that it is participating in a consortium to build a new submarine cable system linking Asia, Europe and Middle ... [Published Malaysia Edge - 17 hours ago]
First reported Apr 15 2014 - Updated 11 hours ago - 2 reports

Rubber prices end mixed to lower, on weaker economic data from China

A + A - Reset KUALA LUMPUR (April 16): Malaysian rubber prices closed mixed to lower today, on weaker economic data from China.A trader said that the positive sentiment brought by rallies on Tokyo Commodity Exchange and Shanghai Futures Exchange earlier, ... [Published Malaysia Edge - 11 hours ago]
First reported 16 hours ago - Updated 12 hours ago - 2 reports

Eastspring Investments launches Target Income Fund 3

A + A - Reset KUALA LUMPUR (Apr 16): Eastspring Investments Bhd has launched a new fund, the Eastspring Investments Target Income Fund 3, which is the third in a series of target income funds by the company.The fund aims to provide income twice a year ... [Published Malaysia Edge - 12 hours ago]
First reported 13 hours ago - Updated 12 hours ago - 2 reports

#Highlight* Glove prices to rise due to gas price hike, says trade group MARGMA

A + A - Reset KUALA LUMPUR (Apr 16): Glove prices are set to rise due to the increase in the gas price, according to a statement by Malaysian Rubber Glove Manufacturers Association (MARGMA).Lim Kwee Shyan, the president of MARGMA, said the natural gas ... [Published Malaysia Edge - 12 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 2 reports

#Update* China’s Greenland buys Johor land for mixed development with RM2.2b GDV despite MH370

A + A - Reset KUALA LUMPUR (April 16): The Greenland Group, China’s major state-owned company, is acquiring a prime waterfront land in Iskandar Malaysia, despite recent reports that Chinese firms may shun Malaysia amid the on-going MH370 crisis.The property ... [Published Malaysia Edge - 16 hours ago]
First reported Apr 15 2014 - Updated 16 hours ago - 2 reports

#Noon Market* KLCI falls 0.2% amid weaker China growth data

A + A - Reset KUALA LUMPUR (Apr 16): The FBM KLCI fell 4.01 points or 0.2% at midday, after China released weaker growth data.China is a leading importer of Malaysian commodities and goods, and its economic performance will have an impact on Malaysia ... [Published Malaysia Edge - 16 hours ago]
First reported Apr 15 2014 - Updated 18 hours ago - 2 reports

CIMB to open branches in Hong Kong and Shanghai by June

A + A - Reset KUALA LUMPUR: CIMB Group Holdings Bhd will be opening two overseas bank branches, one in Shanghai and the other in Hong Kong, by June this year as part of the banking group’s long-term plans to build its presence in China.Group chief executive ... [Published Malaysia Edge - 19 hours ago]
First reported Apr 15 2014 - Updated 18 hours ago - 2 reports

KPJ’s earnings growth to remain tepid

A + A - Reset KPJ Healthcare Bhd(April 15, RM3.22)Maintain sell with target price of RM2.84: We met the management of KPJ on April 14 and our discussions mainly revolved around its strategies and expansion plans going forward.With regard to its expansion ... [Published Malaysia Edge - 18 hours ago]
First reported Apr 15 2014 - Updated 19 hours ago - 5 reports

#Highlight* AirAsia relents, to move by May 9

A + A - Reset KUALA LUMPUR: In an about-turn, AirAsia group has said it will move into klia2 in Sepang by the May 9 deadline, having refused earlier to move out from the current low-cost carrier terminal (LCCT) owing to “many unresolved issues” at the ... [Published Malaysia Edge - 20 hours ago]
First reported Apr 15 2014 - Updated 19 hours ago - 2 reports

Flyover to boost sales at RM6.3b Tropicana MetroPark

A + A - Reset KUALA LUMPUR: Tropicana Corp Bhd is confident of achieving an 80% take-up rate for Tower B of its Paloma Serviced Residences at its RM6.3 billion Tropicana MetroPark development in Subang Jaya, Selangor, thanks to a proposed dedicated flyover ... [Published Malaysia Edge - 19 hours ago]

Quotes

"CMMT's malls are largely focused on necessity shopping, which have in the past, proven resilient through economic cycles, and should continue to do so" it added
"Our people and our communities who have believed in us, since we first undertook the transformation of a derelict tin-mine 40 years ago, to the"
"Iskandar is being heavily promoted in China and almost everyone there knows this is the place to invest, thanks to its proximity to Singapore" he added
"Furthermore, the infrastructure has to be ready, to support those EEVs" Pils added

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#haven* Snackfood [Published Malaysia Edge - 3 hours ago]
CPO futures extend rally on better export demand [Published Malaysia Edge - 9 hours ago]
Philippine Airlines parent reports bigger net loss [Published Malaysia Edge - 9 hours ago]
Capitamalls Q1 pre-tax profit rises to RM38.2 mln [Published Malaysia Edge - 9 hours ago]
Sunway Bhd named Malaysia's Builder of the Year [Published Malaysia Edge - 9 hours ago]
#Stocks To Watch* Aeon Credit, Far East, glove ... [Published Malaysia Edge - 9 hours ago]
BMW eyes double digit sales growth with new mod... [Published Malaysia Edge - 9 hours ago]
#Update* Aeon Credit declares 24 sen dividend, ... [Published Malaysia Edge - 9 hours ago]
Saudi bank giant losing ground as profit slides [Published Malaysia Edge - 10 hours ago]
#Flash* Aeon Credit declares final dividend of ... [Published Malaysia Edge - 10 hours ago]
Sinbad the sailor and hero [Published Malaysia Edge - 10 hours ago]
M'sian lighting firms generate RM94.3 mln in sa... [Published Malaysia Edge - 10 hours ago]
AIMS Group wins ‘Data Centre Services Provider ... [Published Malaysia Edge - 10 hours ago]
KLCI futures closes lower, in sync with cash ma... [Published Malaysia Edge - 10 hours ago]
Kian Joo to decide on takeover offers during EG... [Published Malaysia Edge - 10 hours ago]
Ringgit closes higher against US dollar, on pos... [Published Malaysia Edge - 11 hours ago]
#Update* Far East recommends final dividend of ... [Published Malaysia Edge - 11 hours ago]
Zhulian 1Q profit plunges 42% yoy to RM17.2m [Published Malaysia Edge - 11 hours ago]
Bursa slaps RM100,000 fine on dealer for manipu... [Published Malaysia Edge - 11 hours ago]
#Flash* Zhulian declares dividend of 3 sen per ... [Published Malaysia Edge - 11 hours ago]
#Hot Stock* Press Metal rises 5.5% after AmRese... [Published Malaysia Edge - 11 hours ago]
Malaysia's March inflation hovers at 3.5 percen... [Published Malaysia Edge - 11 hours ago]
Rubber prices end mixed to lower, on weaker eco... [Published Malaysia Edge - 11 hours ago]
#Flash* Far East Holdings recommends final divi... [Published Malaysia Edge - 11 hours ago]
Remove causeway for 'Friendship Bridge", says Dr M [Published Malaysia Edge - 12 hours ago]
Dialog's chairman to compete for 'EY World Entr... [Published Malaysia Edge - 12 hours ago]
Sapura in partnership with Airbus Defence and S... [Published Malaysia Edge - 12 hours ago]
#Market Close* KLCI falls 0.5% on cautious inve... [Published Malaysia Edge - 12 hours ago]
#Highlight* Glove prices to rise due to gas pri... [Published Malaysia Edge - 12 hours ago]
Eastspring Investments launches Target Income F... [Published Malaysia Edge - 12 hours ago]
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