STORIES TAGGED WITH

  • Corporate  |  JULY 24, 2014 2:14 PM

    Pantech earnings flattish but in line, says RHB

    Story by
    [email protected]

    RHB Investment Bank today downgraded Pantech Group Holdings Bhd to Neutral the previous Buy with an unchanged fair value of RM1.25, citing limited upside for the stock. The downgrade follows the flattish earnings of RM13.6 million in the group’s first …

     
  • World Biz  |  JULY 24, 2014 2:10 PM

    LG Electronics profit beats bstimates on TV sales

    Story by
    www.bloomberg.com

    LG Electronics Inc., the world’s second-largest television maker, posted second-quarter earnings that nearly tripled as the World Cup stoked sales of new sets and demand rose for its G3 smartphone. Net income, excluding minority interests, rose to 369.1 billion won …

     
  • World Biz  |  JULY 24, 2014 1:59 PM

    Vodacom 1Q sales rise on sub-Saharan Africa data boom

    Story by
    www.bloomberg.com

    Vodacom Group Ltd., the wireless operator with the most subscribers in South Africa, said quarterly revenue increased 4.3% as customers used more data outside its domestic market. Sales rose to 18.3 billion rand (RM5.4 billion) in the three months through …

     
  • TigerTalk  |  JULY 24, 2014 1:36 PM

    Is Maxis developing a propensity for opacity?

    Story by
    [email protected]

    Vagueness speaks volumes about a person. Or corporation, as was the case of Maxis Bhd, which stinged on details to investors when announcing its second quarter results yesterday. Tiger takes a gander at the telco’s game-plan.

     
  • Opinion  |  JULY 24, 2014 1:30 PM

    Some money market funds will have to be honest

    Story by
    www.bloomberg.com

    The basic deal of a money market fund is that you give it your money, it invests it in stuff, it pays you a little bit of interest, and whenever you want you can take your money back out. (This …

     
  • Corporate  |  JULY 24, 2014 1:17 PM

    Public Bank 2Q earnings up 2%; 23 sen dividend

    Story by
    [email protected]

    Public Bank saw its 2Q14 pre-tax earnings inch higher by 2% year-on-year (y-o-y) as quarterly revenue grew by 6.7% over the same period. In an announcement today, the bank posted RM1.36 billion in pre-tax profits from RM4.06 billion in quarterly …

     
  • Finance  |  JULY 24, 2014 1:12 PM

    AmInvest launches two new funds

    Story by
    www.bernama.com

    AMMB Holdings Bhd, through AmInvest, launched today two new funds in response to investors’ demand for higher risk appetite and continuous search for higher yield than fixed deposit rates.

     
  • Markets  |  JULY 24, 2014 12:58 PM

    KL shares mixed at mid-day

    Story by
    www.bernama.com

    Share prices on Bursa Malaysia ended the morning session mixed today amid the positive sentiment on regional bourses, dealer said.

     
  • Corporate  |  JULY 24, 2014 12:56 PM

    Westports earnings satisfy, some upside for stock

    Story by
    [email protected]

    Analysts today said Westports’ 2Q14 results met their expectations and predict an upside of up to 11% for the stock

     
  • World Biz  |  JULY 24, 2014 12:54 PM

    Facebook poised to hit record high; mobile ads fuel gains

    Story by
    www.bloomberg.com

    Mark Zuckerberg is staring down naysayers who hammered Facebook Inc’s stock after its debut two years ago. Facebook shares are poised to reach a new high today after the social network topped its record close from March of US$72.03(RM228) in …

     
  • Finance  |  JULY 24, 2014 12:53 PM

    DanaInfra to sell RM2.5 bil sukuk for MRT projects

    Story by
    www.reuters.com

    DanaInfra Nasional Bhd, a company created by Malaysia's finance ministry to raise funds for the country's most extensive infrastructure project, has raised RM2.5 billion by selling three Islamic bonds, reported IFR.

     
  • Corporate  |  JULY 24, 2014 12:48 PM

    RHB downgrades Prestariang to ‘neutral’

    Story by
    [email protected]

    RHB Research has downgraded education provider Prestariang Bhd to a ‘neutral’ from a ‘buy’ as the research house believes the stock is fully priced in after the recent surge in its share price. In a note to clients today, RHB …

     
  • Corporate  |  JULY 24, 2014 12:46 PM

    Berjaya Food limits up on Starbucks buyout

    Story by
    [email protected]

    Berjaya Food Bhd saw its stock rise 30% within the first few minutes of the opening bell this morning. The company’s share price rose from RM1.80 to the current RM2.34, up 54 sen. The increase was likely due to the …

     
  • World Biz  |  JULY 24, 2014 12:35 PM

    Twitter reveals that 30% of its workforce are females

    Story by
    www.bloomberg.com

    Twitter Inc revealed that 30% of its workforce is female, a ratio in line with other technology companies, reinforcing concerns that there isn’t enough diversity in Silicon Valley. Twitter’s leadership is 21% female, while just 10% of its technology-focused workforce are women, Janet Van Huysse, Twitter’s vice …

     
  • Economy & Singapore  |  JULY 24, 2014 12:34 PM

    Singapore’s central bank reports RM40.6 bil net profit

    Story by
    www.reuters.com

    Singapore's central bank posted a S$15.8 billion (RM40.6 billion) net profit in its last financial year, helped by a drop in the local currency that led to valuation gains on its foreign currency holdings.

     
  • Featured and Exclusive & Opinion  |  JULY 24, 2014 12:33 PM

    Guess which bank wins first prize for bad ideas

    Story by
    www.project-syndicate.org

    Royal Bank of Scotland, which trashed itself so badly during the financial crisis that the UK government had to take an 80% stake in the institution, has been less than honest with — guess who? — the UK government. The …

     
  • World Biz  |  JULY 24, 2014 12:09 PM

    Tiger Airways seeking to boost overseas revenue

    Story by
    www.bloomberg.com

    Tiger Airways Holdings Ltd, a low- cost carrier partly owned by Singapore Airlines Ltd, said it’s seeking to forge alliances with other airlines to boost overseas revenue after losses widened. The carrier plans to focus initially on filling its planes …

     
  • Economy  |  JULY 24, 2014 11:58 AM

    Thailand expects to hit target of 26mil tourist arrivals

    Story by
    www.bernama.com

    Thailand's tourism industry is expected to recover in the second half of the year and reach its target of 26.2 million foreign tourist arrivals by year end, Vietnam News Agency (VNA) reported.

     
  • World Biz  |  JULY 24, 2014 11:49 AM

    Panasonic hires SMBC Nikko to sell staffing business

    Story by
    www.bloomberg.com

    Panasonic Corp hired Sumitomo Mitsui Financial Group Inc’s brokerage unit to sell its staffing business in a deal that may raise about 30 billion yen (RM93 million), people with knowledge of the matter said. SMBC Nikko Securities Inc is advising …

     
  • Property & World Biz  |  JULY 24, 2014 11:40 AM

    Hong Kong REIT rule free RM14 bil for development

    Story by
    www.bloomberg.com

    A change to Hong Kong’s real estate investment trust rule may free HK$34 billion (RM13.9 billion) for property development and rebuilding, according to Victor Yeung, who runs Admiral Investment Ltd that invests in REITs. Of the amount, HK$27 billion(RM11 billion) …

     
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