Publication: Malaysia Edge

First reported 2 hours ago - Updated 57 mins ago - 2 reports

#Update* Plenitude to buy Gurney Hotel for RM160 million

A + A - Reset KUALA LUMPUR (July 24): Plenitude Bhd has proposed to acquire the 259-room Gurney Resort Hotel & Residences from the Employees Provident Fund for RM160.01 million, in a bid to expand its hotel business and operations.This confirmed The Edge’s ... [Published Malaysia Edge - 1 hour ago]
First reported 7 hours ago - Updated 1 hour ago - 2 reports

UEM Sunrise appoints Anwar Syahrin as CEO and MD

A + A - Reset KUALA LUMPUR: UEM Sunrise Bhd has appointed Anwar Syahrin Abdul Ajib as its new managing director and chief executive officer effective Sept 1, replacing the late Datuk Wan Abdullah Wan Ibrahim.Anwar, 41, has beaten four candidates, who ... [Published Malaysia Edge - 1 hour ago]
First reported Jul 23 2014 - Updated 2 hours ago - 3 reports

#Hot Stock* BFood hits limit up on plan to buy Starbucks stake

A + A - Reset KUALA LUMPUR (JULY 24): Berjaya Food Bhd (BFood) shares hit limit up during the opening minutes of trading following its planned acquisition of the remaining 50% equity interest it does not own in Berjaya Starbucks Coffee Co Sdn Bhd (BStarbucks) ... [Published Malaysia Edge - 10 hours ago]
First reported 3 hours ago - Updated 2 hours ago - 2 reports

#Update* Tenaga, SIPP sign HOA for Track 4A Pasir Gudang power plant

A + A - Reset KUALA LUMPUR (July 24): Tenaga Nasional Bhd has signed a heads of agreement with SIPP Energy Sdn Bhd today for the proposed combined-cycle power plant known as Track 4A in Pasir Gudang, Johor.According to Tenaga's filing with Bursa Malaysia, ... [Published Malaysia Edge - 2 hours ago]
First reported 7 hours ago - Updated 3 hours ago - 2 reports

Highlight: Public Bank 2Q profit rises 4% to RM1.1b, revenue higher at RM4b

A + A - Reset KUALA LUMPUR (July 24): Public Bank Bhd reported a 4% rise in second quarter net profit from a year earlier, as net interest and fee-based income rose. Lower allowance for bad loans also supported bottom line growth.In a statement to the ... [Published Malaysia Edge - 6 hours ago]
First reported Jul 23 2014 - Updated 4 hours ago - 3 reports

Chan Ah Chye’s son joins the board of Talam Transform

A + A - Reset KUALA LUMPUR (July 24): Talam Transform Bhd has appointed Chan Tet Eu, the youngest son of Tan Sri Chan Ah Chye, as its non-independent and non-executive director with immediate effect.In a filing with Bursa Malaysia this afternoon, Talam ... [Published Malaysia Edge - 4 hours ago]
First reported 6 hours ago - Updated 4 hours ago - 2 reports

#Hot Stock* Zelan marches to over one year high on RAPID job

A + A - Reset KUALA LUMPUR (Jul 24): Zelan Bhd’s announcement of winning a RM248.5 million contract from Petroliam Nasional Bhd (Petronas) has sent the construction outfit’s stock flying to its highest in over a year, given that the contract size alone ... [Published Malaysia Edge - 4 hours ago]
First reported 11 hours ago - Updated 4 hours ago - 2 reports

MAS-AirAsia X merger rumour "a long shot", says Maybank

A + A - Reset KUALA LUMPUR (Jul 24): Maybank Investment Bank comments that the rumours of a merger between Malaysian Airline System Bhd (MAS) and AirAsia X Bhd (AAX) are “a long shot”.Maybank analyst Mohsin Aziz drew up an equation that one weak airline, ... [Published Malaysia Edge - 4 hours ago]
First reported 10 hours ago - Updated 8 hours ago - 2 reports

Westports’ container throughput seen slower growth in 2H, says Kenanga

A + A - Reset KUALA LUMPUR (July 24): Westports Holdings Bhd’s container throughput in the second half of the year is expected to grow at a slower pace despite robust growth achieved in the first half, according to Kenanga Research.The research house ... [Published Malaysia Edge - 8 hours ago]
First reported Jul 23 2014 - Updated 10 hours ago - 2 reports

HB Global resumes trading with a spike

A + A - Reset KUALA LUMPUR: HB Global Ltd’s share price rose as much as 33% to hit 12 sen yesterday after the stock resumed trading, following the submission of its annual audited accounts for the financial year ended Dec 31, 2013 (FY13).The stock ended ... [Published Malaysia Edge - 10 hours ago]
First reported Jul 23 2014 - Updated 10 hours ago - 2 reports

Daibochi continues to face margin squeeze

A + A - Reset KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd’s net profit rose a moderate 3.3% to RM6.22 million in the second quarter ended June 30, 2014 (2QFY14) from RM6.02 million a year ago due to rising raw material prices and higher ... [Published Malaysia Edge - 10 hours ago]
First reported Jul 22 2014 - Updated Jul 23 2014 - 3 reports

Kenneth Vun charged with share manipulation

A + A - Reset KUALA LUMPUR: The Securities Commission Malaysia (SC) has launched a legal action against businessman Datuk Kenneth Vun (pic) and six other individuals for manipulating DVM Technology Bhd shares over a one-week period in 2006.This is the ... [Published Malaysia Edge - Jul 23 2014]

Quotes

...According to Tenaga's filing with Bursa Malaysia, the power plant will have an estimated capacity of between 1,000 MW and 1,400 MW. "[The agreement is] signifying the principal terms of the proposed joint venture with SIPP Energy Sdn Bhd, which will undertake to build, own and operate a power plant of approximately 1,000 MW - 1,400 MW on a land in Pasir Gudang, Johor" Tenaga said. #Flash* Plenitude to buy Gurney Hotel for RM160 million Prev Next #Flash* Tenaga, SIPP sign HOA for Track 4A Pasir Gudang power plant
"With the completion of the proposed acquisition under this share sale, IESB will be ultimately wholly-owned by SMRT" said SMRT in its filing with Bursa Malaysia this afternoon
"There is no race in the industry and there is no shortage of acquisition targets" he said, adding that the SPAC will focus on brownfield assets in the development and production phases within the Asia Pacific region
"The MOLF Jetty is intended to be used for import of heavy lift oversized (HLO) and super HLO equipment and materials as well as some break-bulk and containerised cargo during the implementation of the Rapid project" Zelan said

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#Stocks To Watch* Zelan, MAHB, SMRT, UEM Sunris... [Published Malaysia Edge - 32 mins ago]
UEM Sunrise appoints Anwar Syahrin as CEO and MD [Published Malaysia Edge - 1 hour ago]
#Update* Plenitude to buy Gurney Hotel for RM16... [Published Malaysia Edge - 1 hour ago]
#Leisure* Life in the fast lane [Published Malaysia Edge - 1 hour ago]
#Flash* Plenitude to buy Gurney Hotel for RM160... [Published Malaysia Edge - 2 hours ago]
Unisem in the black, posts RM11m 2Q profit [Published Malaysia Edge - 2 hours ago]
#Update* Tenaga, SIPP sign HOA for Track 4A Pas... [Published Malaysia Edge - 2 hours ago]
#Market Close* KLCI rises 0.3% as investors eye... [Published Malaysia Edge - 3 hours ago]
#Flash* Tenaga, SIPP sign HOA for Track 4A Pasi... [Published Malaysia Edge - 3 hours ago]
Chan Ah Chye’s son joins the board of Talam Tra... [Published Malaysia Edge - 4 hours ago]
#Hot Stock* Zelan marches to over one year high... [Published Malaysia Edge - 4 hours ago]
MAS-AirAsia X merger rumour "a long shot", says... [Published Malaysia Edge - 4 hours ago]
SMRT buys remaining stake in education provider... [Published Malaysia Edge - 4 hours ago]
Strong echoes of Korean tragedy [Published Malaysia Edge - 4 hours ago]
Highlight: Malaysia Airports 2Q loss at RM45m, ... [Published Malaysia Edge - 5 hours ago]
Reach Energy to acquire first asset within one ... [Published Malaysia Edge - 6 hours ago]
Zelan wins RM249m Petronas Rapid contract [Published Malaysia Edge - 6 hours ago]
Highlight: Public Bank 2Q profit rises 4% to R... [Published Malaysia Edge - 6 hours ago]
#Flash* Public Bank 2Q profit rises 4% on year ... [Published Malaysia Edge - 7 hours ago]
#Noon Market* KLCI struggles to sustain gains o... [Published Malaysia Edge - 7 hours ago]
#Update* UEM Sunrise identifies five CEO candid... [Published Malaysia Edge - 7 hours ago]
#Hot Stock* Keladi Maju hits 7-year-high on pro... [Published Malaysia Edge - 7 hours ago]
#Flash* UEM Sunrise identifies 5 potential CEO ... [Published Malaysia Edge - 8 hours ago]
Westports’ container throughput seen slower gro... [Published Malaysia Edge - 8 hours ago]
RHB Research downgrades Prestariang to Neutral,... [Published Malaysia Edge - 8 hours ago]
Sailing up the Yangtze River [Published Malaysia Edge - 9 hours ago]
Platinum Sentral to be QCT’s next earnings kicker [Published Malaysia Edge - 9 hours ago]
#Mid-morning Market* KLCI sees limited gain, in... [Published Malaysia Edge - 9 hours ago]
Highlight: No other deal with Ukraine separatis... [Published Malaysia Edge - 9 hours ago]
Clear skies ahead for Westports [Published Malaysia Edge - 10 hours ago]
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