PETALING JAYA: Piling and basis primarily based Pintaras Jaya Bhd is effectively positioned to learn from the decide up in Singapore’s building sector, in response to RHB Analysis. The Singapore Constructing and Development Authority has projected building demand to vary between S$25bil and $32bil (RM78.1bil and RM99.97bil) from 2023-2026 again to the pre-pandemic ranges. RHB …
PETALING JAYA: The strikes by US meals group Cargill Inc and Italian confectionary big Ferrero to cease sourcing palm oil merchandise from Sime Darby Plantation Bhd (SDP) are anticipated to have minimal monetary influence on the plantation group. Regardless of a possible knee-jerk response on the share worth of SDP, Hong Leong Funding Financial institution …
KUALA LUMPUR: The Covid-19 pandemic and improve in pure disasters have heightened traders’ deal with environmental, social and governance (ESG), thus rising demand for such funds. Eastspring Investments Bhd chief govt officer Raymond Tang stated a research masking practically 24,000 globally, together with Malaysia, Singapore, Thailand and Indonesia, highlighted that consciousness of sustainability and social …
KUALA LUMPUR: Scientex Bhd is ready to learn from demand restoration, easing of provide chain disruptions and capability enlargement for its plastic manufacturing phase amid progressive financial reopening. UOB Kay Hian Malaysia Analysis stated Scientex’s property phase can be anticipated to ship higher progress billings and property launches, as building actions have largely resumed. “We’re …
PETALING JAYA: CCK Consolidated Holdings Bhd‘s proposed acquisition of a prawn processing enterprise in Indonesia will convey enterprise synergies and contribute to profitability. Nonetheless, CGS-CIMB Analysis is “impartial” on the deal resulting from issues over the unstable nature of the enterprise and it being a associated social gathering transaction (RPT). Final week, CCK proposed to …
PETALING JAYA: The outlook for RHB Financial institution Bhd is encouraging this 12 months judging from its mortgage progress and wholesome internet curiosity margin (NIM) though the one-off Cukai Makmur (prosperity tax) could also be a drag on its earnings. The lender can be anticipated to see sturdy earnings rebound in 2023. Maybank Funding Financial …
PETALING JAYA: Kumpulan Perangsang Selangor Bhd‘s (KPS) 20% affiliate firm, System Penyuraian Trafik KL Barat Holdings Sdn Bhd (Dash Holdings), has accepted the conditional provide for the acquisition of your complete stake in System Penyuraian Trafik KL Barat Sdn Bhd (Dash). KPS stated the written acceptance was delivered by Dash Holdings to Amanat Lebuhraya Rakyat …
PETALING JAYA: Rohas Tecnic Bhd‘s unit has been awarded a contract price US$14.56mil (RM65.65mil) for works for an influence undertaking in Nepal. In a submitting with Bursa Malaysia, the corporate mentioned its subsidiary, HG Energy Transmission Sdn Bhd (HGPT), was awarded the job by the Nepal Electrical energy Authority for the design, provide, set up, …
Bosson: Median pay for high US, CEOs rose 31% final 12 months to a document $20 million, a brand new research discovered, surging after a slight decline in the course of the COVID-19 pandemic, as firms showered leaders with inventory awards and money bonuses. Chief executives receiving massive pay will increase included the leaders of …
KUALA LUMPUR: Gamuda Bhd introduced that 4 concession holding firms have every individually accepted their respective conditional letter of provide for the proposed disposal of all of the securities to Amanat Lebuhraya Rakyat Bhd (ALR) and delivered the written acceptances right this moment. The concession holding firms are Kesas Holdings Bhd (KESAS Holdings), Sistem Penyuraian …