hwang capital

 
 

Analysts downgrade Malaysia’s GDP forecasts after slow 1H18

KUCHING: Analysts are lowering their growth forecasts for Malaysia’s Gross Domestic Product (GDP) following a lower-than-expected slowdown in the second quarter of 2018 (2Q18) to 4.5 per cent year on year (y-o-y) from 5.4 in 1Q18. Kenanga Investment Bank Bhd (Kenanga Research) saw that the lower GDP in 2Q18 was below both consensus and house […]


Auto sales hit second highest in history in zero-GST period

KUCHING: Analysts are optimistic on sales of cars as total industry volume (TIV) in July 2018 accelerated to 68,000 units – its second highest monthly volume in the history of Malaysia. Affin Hwang Investment Bank Bhd (AffinHwang Capital) saw that demand for local cars last month remained strong. “Riding on the joyful tax holiday promotions, […]


KLCI pares gains as regional markets retreat

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KUALA LUMPUR (Aug 15): The FBM KLCI pared some of its gains at the midday break today as regional markets retreated. At 12.30pm, the FBM KLCI was up 1.52 points to 1,785.30. The index had earlier risen to its intra-morning high of 1,787.66. Gainers led losers by 304 to 292, while 556 counters traded unchanged. Volume was 1.45 billion shares valued at RM853.07 million. The top gainers included Petronas Dagangan Bhd, Elsoft Research Bhd, Malaysian Pacific Industries Bhd, Tenaga Nasional Bhd, British American Tobacco (M) Bhd, Hartalega Holdings Bhd andRead More


KLCI pares gains as decliners overtake advancers

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KUALA LUMPUR (Aug 10): The FBM KLCI pared some of its gains at midday today as decliners overtook advancers, tracking the sentiment at most regional markets. At 12.30pm, the FBM KLCI was up 3.52 points to 1,808.47. The index had earlier risen to a high of 1,812.69. Losers overtook gainers by 289 to 254, while 587 counters traded unchanged. Volume was 1.07 billion shares valued at RM709.42 million. The top gainers included United Plantations Bhd, British American Tobacco (M) Bhd, United Malacca Bhd, Malaysia Airports Holdings Bhd, Petronas Gas Bhd,Read More


KLCI up 0.26% in line with regional gains

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KUALA LUMPUR (Aug 9): The FBM KLCI rose 0.26% at the midday break today and stayed firmly above the 1,800-point level, tracking gains at regional markets. At 12.30pm, the FBM KLCI rose 4.73 points to 1,809.46. Gainers led losers by 306 to 274, while 577 counters traded unchanged. Volume was 1.33 billion shares valued at RM1.01 billion. The top gainers included Panasonic Manufacturing Malaysia Bhd, British American Tobacco (M) Bhd, Far East Holdings Bhd, ViTrox Corp Bhd, Ajinomoto (M) Bhd, Hong Leong Financial Group Bhd, United Malacca Bhd, Petronas ChemicalsRead More


KLCI rises 0.39%, inches closer to 1,800 mark

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KUALA LUMPUR (Aug 8): The FBM KLCI rose 0.39% at the midday break today, as gains in select index-linked blue chips lifted it closer to the 1,800-point mark, tracking the advance at regional markets. At 12.30pm, the FBM KLCI rose 7.04 points to 1,798.13. Gainers led losers by 359 to 235, while 566 counters traded unchanged. Volume was 1.55 billion shares valued at RM1.19 billion. The top gainers included Far East Holdings Bhd, Bintulu Port Holdings Bhd, ViTrox Corp Bhd, ABM Fujiya Bhd, Hartalega Holdings Bhd, Hong Leong Industries Bhd,Read More


Optimistic on Bumi Armada’s contract extension in Vietnam

KUCHING: Analysts are optimistic on Bumi Armada Bhd (Bumi Armada) following a six-year firm contract extension with HLJOC (Vietnam) for the charter of FPSO Armada TGT 1, with a contract value of US$285 million or RM1.16 billion. This extension is expected to begin immediately from August 27, 2018, upon the expiry of the initial contract, […]


KLCI reverses loss, edges up in line with region

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KUALA LUMPUR (Aug 1): The FBM KLCI reversed its earlier loss and climbed into positive territory at the midday break today, tracking gains at the regional markets. At 12.30pm, the FBM KLCI gained 0.12 points to 1,784.37. The index had earlier fallen to its intra-morning low of 1,777.58. Gainers led losers by 293 to 246, while 569 counters traded unchanged. Volume was 1.26 billion shares valued at RM743.19 million. The gainers included Petronas Gas Bhd, Perusahaan Sadur Timah Malaysia (Perstima) Bhd, Chin Teck Plantations Bhd, Far East Holdings Bhd, SuiwahRead More


New contract steers Velesto Energy into clearer waters

KUCHING: Analysts are optimistic on Velesto Energy Bhd (Velesto) having secured a contract for its Naga 7 jack-up rig to drill four confirmed wells with an option for three more from Sarawak Shell/Sabah Shell Petroleum Company Ltd, a subsidiary of Royal Dutch Shell, commencing between August 1 and September 30, 2018. This contract will make […]


KLCI remains subdued, tracks regional peers

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KUALA LUMPUR (July 30): The FBM KLCI remained subdued at the midday break today, tracking its regional peers. At 12.30pm, the FBM KLCI was down 0.99 points to 1,768.15. The index had earlier slipped to its intra-morning low of 1,765.90. Most of the indices on Bursa Malaysia were mired in the red today. Losers led gainers by 355 to 215, while 526 counters traded unchanged. Volume was 1.3 billion shares valued at RM783.09 million. The top losers included BLD Plantation Bhd, MB World Group Bhd, Time dotCom Bhd, IHH HealthcareRead More