KUCHING: Indonesia’s move to stop issuing planting permits for three years is not expected to impact Malaysian-listed planters with operations in Indonesia as most of these companies have already cut down on new plantings of palm oil in compliance with terms under the Roundtable on Sustainable Palm Oil (RSPO). The Indonesian government on Thusday issued […]
KUALA LUMPUR: Bursa Malaysia saw third consecutive day of gains as it was lifted by a rally in global stocks following a change in sentiment over the current state of the world’s economy. Chinese shares rallied on Friday with the Shanghai Composite Index rising 2.5% to 2,797.48 and the CSI 300 gaining 3% to 3,410.49. Hong Kong’s Hang Seng followed suit with a 1.7% rise to 27,953.58. Japan’s Nikkei, meanwhile, closed up 0.8% to 23,869.93 while South Korea’s Kospi rose 0.68% to 2,339.17. At 5pm, the FBM KLCI was upRead More
KUALA LUMPUR (Sept 18): The FBM KLCI got off to a poor start upon resuming trade this morning after the extended weekend and fell 0.57% in line with the global markets that came under pressure after US President Donald Trump slapped further tariffs on China. At 9.05am, the FBM KLCI fell 10.27 points to 1,793.49. U.S. stock futures dropped and Asian shares are expected to come under renewed pressure on Tuesday after Trump said he will impose 10 percent U.S. tariffs on about $200 billion worth of Chinese imports, accordingRead More
PETALING JAYA: IOI Properties Group Bhd’s wholly-owned subsidiary Fortune Premiere Sdn Bhd has made its third Sukuk Murabahah issuance of RM1.2 billion in nominal value under its Sukuk Murabahah Programme.
Proceeds raised from the third issuance will be utilised for capital expenditure, working capital requirements, refinancing of existing borrowings and general corporate purposes.
The sukuk issuance consists of two tranches with an issue size of RM300 million and RM900 million each. The first tranche of RM300 million has a tenure of five years and 4.85% profit rate per annum, while the second tranche of RM900 million has a longer tenure of seven years and 5.05% profit rate per annum.
The joint lead managers for the third issuance are AmInvestment Bank Bhd, CIMB Investment Bank Bhd, Maybank Investment Bank Bhd and RHB Investment Bank Bhd.
At the noon break, IOI Properties shares were down 4 sen 2.3% to RM1.73 on 110,500 shares done.
KUALA LUMPUR, Sept 5 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended the morning session 0.3 per cent easier at 1,807.26 on persistent selling pressure in most index-linked counters, while tracking…
KUALA LUMPUR: The FBM KLCI closed lower on Wednesday as funds took profit on Digi, Hartalega and IHH Healthcare amid a weaker broader market but stocks in focus were Bumi Armada rose, FGV Holdings and Supermax. At 5pm, the KLCI was down 6.26 points or 0.34% to 1,820.64. Turnover was 2.69 billion shares valued at RM2.63bil. Decliners beat advancers 629 to 355 while 337 counters were unchanged. Global stocks faltered on Wednesday as optimism over a US-Mexico trade deal faded with investors anxious about Canada’s acquiescence and eyeing a deadline for theRead More
KUALA LUMPUR, Aug 27 — IOI Properties Group Bhd’s net profit fell to RM783.63 million for the financial year ended June 30, 2018 (FY18) from RM920.87 million in the previous year. Revenue slipped 33 per cent year-on-year to RM2.79 billion from…
KUALA LUMPUR: Late fund buying of Public Bank – sending it to a record close — underpinned the FBM KLCI’s advance on Thursday as it closed at a three month high of 1,810. At 5pm, the KLCI was up 12.76 points or 0.71% – the highest since May 23 – as investors draw confidence in the government’s moves to strengthen the economy. Turnover was 2.25 billion shares valued at RM2.46bil. There were 485 gainers, 419 losers and 430 counters unchanged. UOB Kay Hian Malaysia Research said there was no changeRead More
KUALA LUMPUR: After a slow start at the open, the FBM KLCI moved higher into positive territory, lifted by Petronas Chemicals, and ended the morning session up 4.5 points to 1,787.97. Trading volume was 1.18 billion shares valued at RM851.41mil. There were 335 gainers versus 417 decliners and 377 counters unchanged. Asian markets were cautiously optimistic as investors awaited more details on proposed trade talks about the US and China. Japan Nikkei moved between positive and negative territory, and traded 0.33% lower at midday. Shanghai’s Composite Index was upRead More