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Analysts: Markets to stabilise with clarity in policies

KUALA LUMPUR, May 27 — Multiple factors are affecting the markets but the recent outflow of foreign funds from stocks has raised concerns from many quarters. However, analysts opined that these would gradually stabilise once the government…


Ringgit to extend downward momentum

KUALA LUMPUR, May 26 — The ringgit will likely extend its downward trend against the US dollar next week to between 3.96 and 4.00, mainly driven by external factors, said analysts. OANDA Head of Trading in Asia-Pacific Stephen Innes said the…


Bursa Malaysia to trend higher towards 1,800-1,820 level next week

KUALA LUMPUR, May 26 — Bursa Malaysia is expected to trend higher towards the 1,800-1,820 level next week, after retreating back to 1,750 level this week on heavy selling in the heavyweights due to overreaction to the debt level announcement,…


MTC taps further into the Dutch market

KUALA LUMPUR: The economic relations between Malaysia and the Netherlands have seen an upward trend in recent years and the interest is growing among the Dutch business community. Malaysia also appears strongly on the European business radar for a number of reasons, primarily due to its strategic geographical position as the gateway to Asean and […]


Bintulu Port 1Q net profit falls to RM31.20 million

KUALA LUMPUR: Bintulu Port Holdings Bhd’s net profit for the first quarter (Q1) ended March 31, 2018 fell to RM31.20 million from RM50.60 million in the same quarter last year. Revenue rose to RM167.16 million from RM161.05 million previously, mainly driven by better revenue generated from Samalaju Industrial Port Sdn Bhd and bulking facilities, it […]


Gold futures ends higher

KUALA LUMPUR: Gold futures contract on Bursa Malaysia Derivatives closed higher today as investors turned to the precious metal after US President Donald Trump cancelled a planned meeting with North Korea leader Kim Jong-Un, said a dealer.

Phillip Futures Sdn Bhd Dealer Kiang Jia Ling said the decision taken by Trump triggered safe-haven buying.

Gold is deemed as a safe-haven investment during political and financial uncertainties.

May 2018 rose seven ticks to RM167.05 a gramme while June 2018, July 2018 and August 2018 all increased two ticks each to RM167.65, RM168.05 and RM168.15 a gramme, respectively.

Turnover rose five lots, worth RM83,645, compared with Thursday's one lot, valued at RM16,755, while open interest was higher at 49 contracts from 45 contracts on Thursday.

At 5pm, the price of physical gold was 99 sen higher at RM161.52 a gramme. — Bernama


Ringgit closes flat on lack of buying interest

KUALA LUMPUR, May 25 — The ringgit closed a little changed against the US dollar today on lack of fresh buying interest, said a dealer. At 6pm, the local unit was quoted at 3.9790/9830 against Thursday's close of 3.9790/9820. The dealer said…


Sime Darby Q3 net profit drops to RM135m

KUALA LUMPUR, May 25 — Sime Darby Bhd’s net profit for the third quarter ended March 31 2018 (3Q18) fell to RM135 million from RM692 million in the corresponding period last year. Revenue, however, rose to RM8.29 billion from RM7.87…


TNB posts RM2.1b Q1 net profit

KUALA LUMPUR, May 25 — Tenaga Nasional Bhd (TNB) recorded a net profit of RM2.11 billion for the first quarter (Q1) ended March 31, 2018 on the back of RM12.27 billion in revenue. Due to the change in the financial year, the performance…


E&O notches higher earnings, revenue

KUALA LUMPUR, May 25 — Lifestyle property developer Eastern & Oriental Bhd’s (E&O) net profit rose to RM116.26 million in the financial year ended March 31, 2018 from RM90.92 million a year earlier. The group also achieved a pre-tax…